The Implications of a National Blockchain Policy for Nigeria

Chimezie Chuta, chairman of the steering committee
 with the DG of NITDA. Source: @ChimezieChuta on X

…the national blockchain policy is a regulatory framework that is designed to guide the adoption of blockchain technology in Nigeria.

At the sunset of former president Muhammadu Buhari’s administration, the Federal Ministry of Communications and Digital Economy announced the approval of a national blockchain policy. The document, announced on May 3rd, 2023 was received by blockchain innovators, enthusiasts and stakeholders as a move in the right direction for the country. 

The policy document hopes to “facilitate the development of the Nigerian digital economy and enable citizens to have more confidence in digital platforms” and has an implementation and steering committee composed of blockchain experts, professionals and bodies.

By Temitope Akintade.

Full story at Tech Next24