In a recent interview at the National Information Technology Development Agency and Stakeholders in Blockchain Technology Association of Nigeria Stakeholders’ Policy Dialogue in Lagos, Obinna Iwuno stressed the need for the Nigerian government to implement regulations that would facilitate the widespread integration of the approved National Blockchain Policy. This policy aims to drive economic growth, job creation, and enhance financial inclusion in Nigeria.
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Full Industry Support for Blockchain Adoption
Iwuno highlighted that Nigeria is well-prepared to implement blockchain technology fully. He emphasised the importance of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into various sectors of the economy. The National Blockchain Policy, approved by former President Muhammadu Buhari in May, recognizes the potential of blockchain technology in driving economic growth and addressing financial inclusion challenges.
According to Iwuno, Nigeria’s blockchain policy positions the country as a trailblazer in the continent’s digital economy landscape if fully implemented. He expressed confidence in Nigeria’s readiness for full adoption, emphasising that the collaborative effort between industry stakeholders and the government is crucial for positioning Nigeria as a global leader in the blockchain space.
Global Competitiveness Through Blockchain Integration
Iwuno noted that technological advancements are driving leading countries, and Nigeria must position itself as a formidable contender on the global stage. The integration of blockchain technology is not just a governmental initiative but a collaborative effort driven by stakeholders’ collective determination to establish Nigeria as a leader in the global blockchain arena.
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Collaborative Drive for Blockchain Hub Status
The SiBAN president highlighted the collaborative drive between industry stakeholders and the government to transform Nigeria into a global blockchain hub. This joint effort aims to harness the potential of blockchain technology for economic development, job creation, and addressing financial inclusion challenges in the country.
Iwuno stressed the importance of a proactive and forward-thinking regulatory approach to unlock the benefits of blockchain technology in Nigeria fully, emphasising the need for collaborative efforts to position the country as a leader in the digital economy landscape.
