The Nigerian Government is set to launch the National Blockchain Policy and inaugurate the National Blockchain Implementation and Steering Committee on the 16th of May 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: “Launching Of The National Blockchain Policy For Nigeria.”
PRESS RELEASE
14TH May, 2023
LAUNCHING OF THE NATIONAL BLOCKCHAIN POLICY FOR NIGERIA
As Nigeria moves into a more technology-driven world, Blockchain has emerged as a transformative force that offers unique benefits to various sectors. This National Blockchain Policy for… pic.twitter.com/Pskr3OurQT
— NITDA Nigeria (@NITDANigeria) May 14, 2023
This follows the approval by the Federal Executive Council (FEC) on the 3rd of May to ensure that Nigerians benefit from the potential of Blockchain technology while ensuring responsible use and avoiding its perils
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 spread and use of blockchain technology, through its various activities and awareness carried out during the Blockchain Day at the Digital Nigeria Day celebration, in October 2022.
“The Agency trained over 30,000 young Nigerians in the field of Blockchain for the development of a skilled and knowledgeable workforce in the industry. This will equip the Nigerian youths with the ability to utilise Blockchain Technology in developing 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 Blockchain solutions development, foster innovation, and catalyse the adoption and use of Blockchain Technology.”
Benefits of Blockchain Policy
The implementation of the National Blockchain Policy for Nigeria is to provide the following benefits to the country:
“Improve Transparency and Accountability in different sectors of the Digital Economy; Increase Efficiency in various adoption areas; Enhance Security in transactions; Increase Financial Inclusion in Nigeria; Create significant job opportunities across different sectors of the Digital Economy.“
NITDA/PIAK
