Blockchain with other emerging technologies form the fulcrum of Nigeria’s digital economy, Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi has told experts drawn from different parts of the world at the BSV Global Blockchain Convention in Dubai, United Arab Emirates (UAE).
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Abdullahi, the head of Nigeria’s IT clearinghouse, while speaking as a panelist in the session with the theme: “Blockchain for Digital Transformation of Nations” reiterated the commitment of President Mohammadu Buhari to diversify the country’s economy through the adoption of emerging technologies including blockchain.
He told the experts at the three-day event that as part of the implementation of the country’s National Digital Economy Policy and Strategy NDEPS) through the NITDA, under the supervision of the Federal Ministry of Communications and Digital Economy, developed a draft bill on National Blockchain Adoption Strategy to drive an economically productive and viable Digital Nigeria using the blockchain technology.
“As government, we have the responsibility to make sure Nigerians harness the full potentials of blockchain technology while avoiding its perils”, said the NITDA boss adding that the document clearly maps out the strategies needed for the adoption of the blockchain technology by the Nigerian government and its digital transformation agenda.
Blockchain technology provides a secure distributed ledger platform for seamless transactions and opens limitless opportunities for people to carry our various forms of transactions in a more enhanced security and easier traceability.
Other panelists present at the event were the 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.