SHALOM OLALEYE
The Federal Government has approved the National Blockchain Policy for Nigeria.
The policy was approved during its meeting today. This followed the presentation of a memo by the Minister of Communications and Digital Economy, Isa Pantami.
The vision of the Policy is to create a Blockchain-powered economy that supports secure transactions, data sharing, and value exchange between people, businesses, and Government, thereby enhancing innovation, trust, growth, and prosperity for all.
The National Blockchain Policy for Nigeria is in line with the National Digital Economy Policy and Strategy, NDEPS, which was unveiled and launched by President Muhammadu Buhari in 2019.
The implementation of the National Bloackchain Policy will have a positive effect on both the public and private sectors of the country.
The activities of the Policy will be coordinated by the National Information Technology Development Agency (NITDA), under the supervision of the Federal Ministry of Communications and Digital Economy. A multi-sectoral Steering Committee has also been approved to oversee the implementation of the Policy.
