Nigeria faces a severe currency crisis due to economic mismanagement and low oil prices, leading to significant devaluation of the Naira. In response, local entities like Nestcoin and Onafriq are leveraging the blockchain to provide financial stability and access to economic opportunities through Web3, stablecoins, and partnerships with the Stellar network. These efforts are part of a broader movement to address financial challenges in Africa and other regions by utilizing digital solutions and stablecoin systems.