Blockchain technology can help reduce Nigeria’s unemployment, says Lagos commissioner

Folashade Adefisayo, Commissioner for Education in Lagos, says blockchain technology is a viable skill that students and youths can enjoy to become employable anywhere in the world.

Speaking at the recent graduation ceremony of the Blockchain Vibes Academy in Lagos, Adefisayo, said there was need to reduce the unemployment gap.

To overcome the problem, she said the state government has introduced some initiatives, which include providing them with technical skills that can make them “not only employable but also employers”.

The commissioner added that with skills in blockchain technology, youth can help solve the country’s unemployment challenge.

“Now I understand that blockchain is another skill that we can teach our students, which will make them highly employable, and I think it will also make them employable and effective in the world we live in,” she said.

“It’s something I want to think through, because even in our coding departments we develop a curriculum, and we have to teach our students many other things beyond just coding.

“But I can see now that we need to start going to even deeper technical things like the blockchain, and I’m not just going to take the money for myself, but to see how we can benefit from the education that we can use.

“Even as an educator, I understand that we cannot go narrowly when it comes to technology. Every sector now uses technology in several areas.”

Talking about the essence of the training, Femi Adegolu, chairman of Blockchain Vibes Academy, said that education and innovation are important factors in creating opportunities.

Adegolu said the graduates will set the pace for innovation and build startups that will contribute to the growth and income of the country.

“The aim of the academy is to train people and also give them the opportunity for internships and also jobs. You know, education goes hand in hand with innovation. “When you’re educated, you’re empowered, and when you’re empowered, you want to innovate,” he said.

“So, in our ecosystem right now, we are looking to create unicorns in the next two to three years. We want to raise startup founders in the blockchain academy that will raise $1 million or more and also attract foreign direct investment in Nigeria.

“When funds are collected, what happens is that they are going to employ people and this in turn will have socio-economic consequences in Nigeria and even in Africa.”