FG to launch National Blockchain Policy – Newsdiaryonline

…To inaugurate the National Blockchain Implementation and Steering Committee

By Chimezie Godfrey

The federal government is set to launch the national blockchain policy to harness its potential in the country.

A statement made available to newsmen on Sunday by the Head, Corporate Affairs and External Relations, NITDA, Mrs. Hadiza Umar also disclosed that the National Blockchain Implementation and Steering Committee will also be inaugurated.

Umar noted that as Nigeria moves into a more technology-driven world, Blockchain has emerged as a transformative force that offers unique benefits to various sectors.

According to her, the National Blockchain Policy for Nigeria has identified talent development, innovation and adoption as the key areas to harness the potential of Blockchain Technology in Nigeria.

She also said the policy aims to grow domestic talent in the development of blockchain solutions, promote innovation and catalyze the adoption and use of blockchain technology.

Umar recalled that the National Information Technology Development Agency (NITDA) has been at the forefront of driving and facilitating the diffusion and use of blockchain technology, through its various activities including capacity building and awareness raising conducted during the Blockchain Day at the Digital Nigeria Day celebration in October 2022.

She disclosed that the agency trained over 30,000 young Nigerians in Blockchain for the development of a skilled and knowledgeable workforce in the industry, adding that this would equip the Nigerian youths with the ability to use Blockchain technology to develop innovative solutions for “our National challenges”.

“In line with this trajectory, the Federal Executive Council (FEC) approved the National Blockchain Policy for Nigeria on May 3, 2023 to ensure that Nigerians benefit from the potential of Blockchain technology while ensuring responsible use and avoiding its dangers.

“The implementation of the National Blockchain Policy for Nigeria is envisaged to bring the following benefits to the country: Improve transparency and accountability in various sectors of the digital economy;

“Increase efficiency in various areas of adoption.

“Improve the security of transactions.

“Increase financial inclusion in Nigeria;

“Create significant job opportunities across various sectors of the digital economy.

“In light of the foregoing, the Honorable Minister of Communications and Digital Economy invites the public to the launch of the National Blockchain Policy and inauguration of the National Blockchain Implementation and Governance Committee scheduled to be held on May 16, 2023 at 1:30 p.m.,” Hadiza Umar stated.