Nigeria's National Information Technology Development Agency (NITDA) has announced the restructuring of the National Blockchain Policy Steering Committee (NBPSC) to review the policies governing the implementation of the country's National Blockchain Policy.
The Director-General of NITDA, Kashifu Inuwa, conveyed this news 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 primarily focused on the implementation of the National Blockchain Policy.
Inuwa emphasized that the review aims to keep pace with blockchain innovations and involve more stakeholders to promote comprehensive adoption and successful execution.
He highlighted the incorporation of new emerging technologies and economic realities, with plans to expand the policy's reach to sectors such as land registration, health, and education.
Initially established on May 3, 2023, the committee consists of members from various sectors, including government agencies, institutions, the private sector, academia, and the blockchain industry. However, Inuwa did not disclose the reason for the committee's reform.
Inuwa emphasized that the strategic reform of the committee would bring together experienced professionals and leading figures in the blockchain space, enhancing the crafting of a robust implementation plan for the National Blockchain Policy.
He stressed the importance of diverse expertise from both the public and private sectors to avoid past challenges.
Stakeholders in Nigeria's blockchain and fintech ecosystem have previously urged the federal government to implement regulations to facilitate the widespread integration of the approved blockchain policy. Nigeria was identified in a 2023 global survey as having the most cryptocurrency-aware population worldwide.
May 2024, Cryptoniteuae