A stakeholder in the blockchain and fintech ecosystem has called on the federal government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. Nigeria\u2019s National Blockchain Policy aims to deliver economic growth, job creation and more financial inclusion.\u00a0<\/p>\n
Obinna Iwuno, the president of the Stakeholders in Blockchain Association of Nigeria (SiBAN) \u2014\u00a0an association of blockchain and digital assets industry players advocating for a friendlier digital asset landscape in Nigeria \u2014 recently highlighted this during an interview at the National Information Technology Development Agency and Stakeholders in Blockchain Technology Association of Nigeria Stakeholders\u2019 Policy Dialogue held in Lagos. Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into diverse sectors of the economy.<\/p>\n
Former President Muhammadu Buhari approved the National Blockchain Policy in May. Iwuno told Cointelegraph that Nigeria is fully equipped to implement blockchain technology:<\/p>\n
\u201cThis is the first time we have a full house of industry stakeholders, regulators and operators. We are ready for full adoption now, and the blockchain policy initiated by the government positions Nigeria as a trailblazer in the continent\u2019s digital economy landscape if fully implemented.\u201d<\/p><\/blockquote>\n
According to the National Blockchain Policy, the potential of blockchain technology is far-reaching. The blockchain policy document states that the technology holds the potential to drive economic growth, foster job creation and tackle the long-standing issue of financial inclusion.<\/p>\n