SHALOM OLALEYE
The Director for East and West Africa, Binance, Nadeem Anjarwalla has said that Nigeria is positioning itself as a nation significantly ahead of the curve.
This statement was made as a result of the announcement that Nigeria approved the National Policy to create a Blockchain-Powered Economy last week.
“Through the approval of the National Blockchain Adoption policy, Nigeria is positioning itself as a nation significantly ahead of the curve – supporting further blockchain innovation, user protection, security and economic competitiveness in the long term. While still in the early stages, we are pleased to see this development as it will aid clarity, trust and confidence in the ecosystem. “ he said.
The Director stated,
“We believe that growth in blockchain technology is set to become a key differentiator for economies and a key measure of international competitiveness in the next decade for attracting foreign direct investment, cultivating innovation and creating jobs. As such, this is a welcome development and a significant milestone for the blockchain industry in Nigeria.”
Furthermore, He commended the all-encompassing approach laid out in the reviewed policy document based on the six key initiatives (Establishment of Nigeria Blockchain Consortium, Strengthening of the Regulatory and legal framework, Focus of the provision of National Digital Identity, Promotion of Blockchain digital literacy and awareness, Creation of Blockchain business incentive programmes, Establishment of a national blockchain sandbox for proof of concepts and pilot implementation).
