Tech
Nigerian govt to review policies on implementation of blockchain policies
The Federal Government of Nigeria has revealed plans to review policies governing the implementation of National Blockchain Policy.
This development was made known on Tuesday in Abuja by Kashifu Inuwa, the Director General of the National Information Technology Development Agency, during a three-day co-creation workshop for the implementation of the National Block Chain Policy.
According to Inuwa, the review’s expansion into the land registration, health, and education sectors is a result of its efforts to take into account newly developing technologies and economic realities.
As mentioned by Inuwa, the purpose of the three-day policy discussion was to confirm blockchain technology trends and bring in new players for widespread adoption and use.
READ ALSO:Nigerian govt approves takeover of coal mines
The industry is expected to contribute $1.7 trillion to the world economy by 2030, according to Inuwa, who was represented by Oladejo Olawuni, Director of Information, Technology and Infrastructure Solutions.
He said, “Presently, we are still at the development stage of blockchain usage in Nigeria and because of that, many people are not aware of the benefits of blockchain.
“They think it is just about crypto alone but it is vast. Blockchain can be used in any industry like supply c“ The continuously evolving nature of blockchain technology and its increasingly transformative applications across diverse sectors necessitate a commensurate evolution in our leadership.
“We realised there was a need to infuse some more members into the committee to ensure that we have full membership from the public and private sector to prevent anything that had occurred in the past,” Inuwa said.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...