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Blockchain Technology: Nigeria Will Harness Its Full Potential Says NITDA

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has joined Stakeholders from different parts of the world in promoting blockchain technology as key to enhance transparency, efficiency and productivity.

Speaking as a panelist in the session themed “Blockchain for Digital Transformation of Nations” at the BSV Global Blockchain Convention, a 3-day event which held at the Grant Hyatt Hotel, Dubai, United Arab Emirates, the DG maintained that the President Muhammadu Buhari-led administration is committed to diversifying the country’s economy through the adoption of emerging technologies such as the blockchain technology.

Inuwa who agreed that the emerging technology will provide a secure platform for seamless transactions which will acquaint people with vast opportunities, enhanced security and easier traceability, further disclosed that the Agency under the supervision of the Federal Ministry of Communications and Digital Economy has developed a draft bill on National Blockchain Adoption Strategy in creating an economically productive and viable Digital Nigeria using the blockchain technology.

He affirmed that the document maps out the strategies needed for the adoption of the blockchain technology by the Nigerian government and its digital transformation agenda.

While giving insights on the economic push achieved through the implementation of emerging technologies in the country, the Chief Information Officer of Nigeria however noted that ideas shared at the event will be adopted to fully exploit the potentials of Blockchain technology in the country.

“As government, we have the responsibility to make sure Nigerians harness the full potentials of blockchain technology while avoiding its perils”, he said.

Present at the 3-day event were other world-class panelists such as, Former Minister of State & Chairman, Board of Investments, Pakistan, Muhammad Azfar Ahsan, the Founder & CEO, FanFactory Limited, Dana Al-Saleem and the Chairman, Exports Vision Consulting, Dr. Basin Zafar

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