Inuwa asserted that the committee’s strategic reshuffle would unite a new cohort of seasoned professionals and forefront thinkers in the realm of blockchain.
Nigeria’s National Information Technology Development Agency (NITDA) has revamped the National Blockchain Policy Steering Committee (NBPSC) to revisit the strategies guiding the implementation of the country’s National Blockchain Policy.
Kashifu Inuwa, the director-general of NITDA, communicated this development through Oladejo Olawunmi, the director of IT infrastructure solutions at NITDA, during a three-day co-creation workshop held in Nigeria’s capital, Abuja, on Tuesday, May 21. The workshop was dedicated to advancing the implementation of the National Blockchain Policy.
Inuwa emphasized that the review aims to keep pace with evolving blockchain technologies and involve a broader spectrum of stakeholders, thereby fostering widespread adoption and successful implementation.
This move underscores NITDA’s commitment to incorporating emerging technologies and adapting to changing economic dynamics, particularly in areas like land registration.
Businesses can reduce expenses, enhance cash flow, and offer consumers quicker and more convenient transactions by providing secure and transparent payment options. This fosters economic activity and growth, especially as Nigerians increasingly embrace technology.
The committee, formed on May 3, 2023, includes representatives from government agencies, institutions, the private sector, academia, and the blockchain industry. However, Inuwa has not disclosed the rationale behind its restructuring.
Inuwa mentioned that the committee’s strategic reform would unite a new cohort of seasoned professionals and prominent figures within the blockchain arena. He emphasized that their varied expertise would play a crucial role in formulating a strong implementation strategy for the National Blockchain Policy.
Stakeholders within Nigeria’s blockchain and fintech community have urged the federal government to enact regulations that would streamline the adoption of the approved blockchain policy nationwide.
A 2023 global survey revealed that Nigeria boasts the highest level of cryptocurrency awareness among its populace worldwide.
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