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 May 14.
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, 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.
The implementation of the National Blockchain Policy for Nigeria is to provide the following benefits to the country.
The implementation of the National Blockchain Policy for Nigeria is to provide the country with 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.
