Nigeria Launches National Blockchain Policy – ​​Voice of Nigeria

The Nigerian government is set to launch the national blockchain policy and inaugurate the national blockchain implementation and governance committee on May 16, 2023

The National Information Technology Development Agency (NITDA) made this known via its official Twitter handle on Sunday evening, May 14 in a statement titled: “Llaunch of the National Blockchain Policy for Nigeria.”

PRESS RELEASE

14 May 2023

LAUNCH OF THE NATIONAL BLOCKCHAIN ​​POLICY FOR NIGERIA

As Nigeria moves into a more technology-driven world, Blockchain has emerged as a transformative force offering unique benefits to various sectors. This national blockchain policy for… pic.twitter.com/Pskr3OurQT

— NITDA Nigeria (@NITDANigeria) 14 May 2023

This follows the approval by the Federal Executive Council (FEC) on May 3 to ensure that Nigerians benefit from the potential of Blockchain technology while ensuring responsible use and avoiding its dangers.

In the statement signed by the Head, Corporate Affairs and External Relations, NITDA, Mrs. Hadiza Umar, she disclosed that the agency has been at the forefront of facilitating the diffusion and use of blockchain technology, through its various activities and awareness-raising conducted during the Blockchain Day at Digital Nigeria Day celebration, in October 2022.

“Tthe agency trained over 30,000 young Nigerians in Blockchain for the development of a skilled and knowledgeable workforce in the industry. This will equip the Nigerian youths with the ability to use Blockchain technology to develop innovative solutions to our national challenges.

“This National Blockchain Policy for Nigeria has identified talent development, innovation and adoption as the key areas to harness the potential of Blockchain technology in Nigeria. The policy aims to grow domestic talent in the development of Blockchain solutions, promote innovation and catalyze the adoption and use of Blockchain technology.“

Advantages of Blockchain Policy

The implementation of the National Blockchain Policy for Nigeria is to bring the following benefits to the country:

“Improve transparency and accountability in various sectors of the digital economy; Increase efficiency in various areas of adoption; Improve the security of transactions; Increase Financial Inclusion in Nigeria; Create significant job opportunities across different sectors of the digital economy.“

NITDA/PIAK