FG launches national policy on blockchain technology — — Technology — The Guardian Nigeria News – Nigeria and World News

•Provides implementation, steering group

The Minister of Communications and Digital Economy, Prof. Isa Pantami, has inaugurated the National Committee for the Implementation of the National Blockchain Policy for Nigeria.

The launch followed the approval and directive of President Muhammadu Buhari, earlier this month. The President, while conveying his approval to the minister, directed all relevant regulatory agencies including the National Information Technology Development Agency (NITDA), Central Bank of Nigeria (CBN), National Universities Commission (NUC), Securities and Exchange Commission (SEC) and the Nigerian The Communications Commission (NCC) is developing regulatory instruments for the deployment of blockchain technology across various sectors of the economy.

He further directed that with immediate effect, all relevant government agencies should begin the implementation of the policy, together with stakeholders to ensure the establishment of a blockchain-powered economy that enhances innovation, growth and prosperity for all.

According to a statement, signed by the spokesperson of the minister, Uwa Suleiman, the policy, initiated and developed under the supervision of Pantami, is in furtherance of the economic diversification agenda of President Buhari and primarily aimed at strengthening the nation’s digital economy to further enhance its outstanding contributions to national development and economic growth as recorded in the last four years.

The National Blockchain Policy has been developed to serve as a road map for Nigeria’s adoption and use of emerging technologies. The successful implementation of the policy, which lays out a comprehensive framework for integrating the technology into various facets of the economy, will ensure the growth of indigenous talent in the development of blockchain technology solutions leading to a robust and globally competitive ecosystem, effectively addressing core issues including governance, security, interoperability, regulatory compliance, accountability and transparency.

It will increase innovation, improve public services, create job opportunities, drive economic growth, increase public trust in governance and promote citizen engagement among others.

The committee’s members consist of 29 institutions drawn from the public and private sector, including academia. In a related development, 30,000 Nigerians graduated from the blockchain technology training organized by the Federal Government to equip citizens with the necessary skills required to run the polity.

Present at the hybrid event were the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo; CEOs of agencies and parastatals in the sector, permanent secretaries of public institutions, organized private sector (PSO), captains of industry and innovators to name a few.