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Home » Nigeria Charts Blockchain Future With Inclusive National Policy

Nigeria Charts Blockchain Future With Inclusive National Policy

Whitepaper highlights homegrown strategy backed by local researchers

Kelly Cromley by Kelly Cromley
May 21, 2025
in Market News, News
Reading Time: 2 mins read
0
nigeria charts blockchain future with inclusive national policy

The Federal Ministry of Communications, Innovation and Digital Economy has officially released a Whitepaper outlining Nigeria’s National Blockchain Policy, marking a decisive step toward structured and inclusive adoption of blockchain technologies across the country. The policy aims to deliver solutions that are not only technically sound but also reflect the socio-economic realities unique to Nigeria.

According to the document, the national strategy is built on the pillars of collaboration, trust, and inclusivity. The initiative places emphasis on leveraging blockchain to address pressing challenges while also promoting innovation across multiple sectors. With its sights set on financial inclusion, digital identity, and supply chain transparency, the government sees blockchain as a pivotal tool for national development.

Building Locally Relevant Solutions

The ministry has underscored the need for a locally relevant framework to ensure that the blockchain policy resonates with Nigeria’s economic and social structures. To ensure the policy’s effectiveness and authenticity, the government has identified 21 researchers of Nigerian origin from a global pool of 42 experts. These researchers were selected after careful evaluation of their names, affiliations, and contextual ties to the country.

The researchers who have been confirmed to contribute to shaping the policy include Abiola Salau, Abraham Ayegba Alfa, Ahmad Sani Bello, Augustine Ikpehai, and Buhari Ugbede Umar, among others. This team is expected to bring diverse insights and global expertise to support the development of a homegrown blockchain solution.

The inclusion of researchers from both within and outside the country is being viewed as a strategic move to foster innovation that aligns with Nigeria’s developmental goals. By drawing on domestic expertise and global best practices, the policy is expected to establish a uniquely Nigerian blueprint for blockchain advancement.

A Vision for Innovation and Public Trust

The Whitepaper emphasizes that the ultimate goal is to ensure Nigeria remains a leader in blockchain innovation across the African continent. The document outlines how blockchain can serve as an enabler of public trust and transparency while also functioning as a critical infrastructure for digital services.

As the country confronts global digital shifts, the new policy framework is also intended to strengthen Nigeria’s competitiveness in the international technology landscape. By embracing an inclusive development process, the government aims to foster broader stakeholder engagement, ensure public buy-in, and enhance national confidence in blockchain initiatives.

In a separate statement, the Minister of Communications, Innovation and Digital Economy indicated that the policy would serve as a forward-looking framework for adoption. He emphasized that the collaborative nature of the policy ensures its relevance to local needs and realities. The minister highlighted that by promoting widespread involvement, the policy could become a foundation for real-world innovation and sustainable digital progress.

Pathway to National Development

The Whitepaper positions blockchain as a core driver for progress in sectors such as finance, identity verification, logistics, and governance. The government’s ambition is to harness the potential of decentralized technology to address gaps in infrastructure, reduce inefficiencies, and foster economic inclusion at all levels of society.

As the national policy evolves, the involvement of Nigerian researchers and stakeholders from across the world is expected to shape a comprehensive, sustainable, and impactful blockchain ecosystem. With this initiative, Nigeria is taking a critical step toward becoming a continental leader in blockchain-driven development.

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