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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.

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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.

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