Key Takeaways:
- Nigeria’s NITDA has restructured the National Blockchain Policy Steering Committee to enhance the National Blockchain Policy.
- The review seeks to expand stakeholder involvement and promote blockchain adoption in sectors like land registration, health, and education.
- The committee’s restructuring aims to include new experts for developing a robust implementation plan, amid calls for supportive regulations.
Nigeria’s National Information Technology Development Agency (NITDA) has restructured the National Blockchain Policy Steering Committee (NBPSC) to review and enhance the National Blockchain Policy.
The announcement was made by NITDA’s Director-General Kashifu Inuwa during a workshop in Abuja on May 21, 2024.
Nigeria's digital ecosystem witnessed yet another significant milestone as the National Information Technology Development Agency (NITDA) spearheaded a Co-creation workshop focused on the reconstitution of the National Blockchain Policy Steering Committee (NBP-SC) to validate… pic.twitter.com/60QiGwyxPc
— NITDA Nigeria (@NITDANigeria) May 22, 2024
The review aims to keep up with blockchain innovations, expand stakeholder involvement, and promote comprehensive adoption across various sectors, including land registration, health, and education.
Inuwa emphasized that blockchain’s benefits extend beyond cryptocurrency, highlighting its potential in supply chain management, secure payments, and economic growth.
JUST IN: NIGERIA RESTRUCTURES CRYPTO POLICY COMMITTEE – ADDS ADDITIONAL BLOCKCHAIN EXPERTS
— BSCN Headlines (@BSCNheadlines) May 22, 2024
The committee, established on May 3, 2023, originally included members from government, private sector, academia, and the blockchain industry.
The restructuring aims to bring in new experts to develop a robust implementation plan. Stakeholders have urged the government to implement regulations to support the blockchain policy.
UPDATE:
— MARINE (@web3_marine) May 17, 2023
The Honourable Minister of Communications and Digital, Professor Isa Ali Ibrahim (Pantami), had officially launched the National Blockchain Policy for Nigeria, a policy that has the potential to create jobs, boost economy, and improve the lives of Nigerians. pic.twitter.com/TTgjZwOIZ6
Nigeria is noted for having the world’s most cryptocurrency-aware population.
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