Stakeholders in the blockchain and fintech ecosystem have called on the Federal Government of Nigeria to implement regulations to facilitate the widespread integration of approved blockchain policies in the country. Nigeria’s national blockchain policy aims to achieve economic growth, job creation and greater financial inclusion.
This was highlighted in a recent interview with the National Information Technology Development Authority by Chairman Obinna Iwuno of the Blockchain Stakeholders Association of Nigeria (SiBAN), an association of blockchain and digital asset industry players advocating for blockchain in Nigeria. Build a more friendly digital asset environment. Nigeria Blockchain Technology Association Stakeholder Policy Dialogue held in Lagos. Iwuno emphasized the need to establish a forward-looking regulatory framework to accelerate the integration of blockchain technology into various sectors of the economy.
Former President Muhammadu Buhari approved the national blockchain policy in May. Iwuno told Cointelegraph that Nigeria is fully capable of implementing blockchain technology:
“For the first time, we have numerous industry stakeholders, regulators and operators. We are now ready for full adoption and the government-initiated blockchain policy, if fully implemented, will make Nigeria a leader in the digital economy landscape of the African continent. pioneer.”
according to From the perspective of national blockchain policies, the potential of blockchain technology is far-reaching. Blockchain policy documents note that the technology has the potential to drive economic growth, boost job creation and solve long-standing financial inclusion issues.
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Iwuno said the call to position Nigeria as a formidable contender on the global stage resonates strongly as technological advancement drives the development of leading nations today. He added that the journey to mainstream blockchain technology in Nigeria is not just a government initiative but a collaborative initiative driven by the collective determination of stakeholders to position Nigeria as a leader on the global stage.
Iwuno also highlighted the drive for collaboration between industry stakeholders and government to transform Nigeria into a global blockchain hub.
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