The Nigeria government intends to introduce blockchain at the state level – Bits Media

Nigeria government collaborates with regulators and interested parties, to reveal the potential of blockchain technology to increase the transparency of different industries.

This was stated by the head of the National Agency for the Development of Information technology of Nigeria (Nitda) Мама Бара бавараз барзусь (Mallam shadow kashify Abdullahi). The commission on securities and exchanges of Nigeria is also interested in the introduction of blockchain (SEC), Nigeria Communications Commission (NCC) and the Nigeria Corporate Corporate Affairs Commission (CAC). These regulators agree, that blockchain can improve financial transactions and expand the local population access to banking services.

Abdullahs told, that the government will provide state institutions with a special platform for working with blockchain. Thanks to transparency, security and decentralized nature of this technology, blockchain will simplify many corporate processes and reporting, The head of Nitda noted. He added, that the administration of President Bola Tinube (Tinubu ball) expressed a willingness to introduce blockchain into the sphere of finance, healthcare, corporate governance and logistics.

“Blockchain is able to increase the level of transparency in the work of the government, improve the provision of services and accelerate the development of innovation in different sectors. Therefore, you should work on creating a regulatory framework, which will help more responsibly use blockchain and digital assets in the country's financial system. These latest technologies have a strong influence on the economy and society ", - said Abdullahs.

Recall, that in May the Government of Nigeria approved the state policy on the development of the blockchain and the transition to the digital economy. Last year, the Nigeria Blockchain Association (Siban) turned to the local authorities with a request to revise their anti -Critical position and asked the banks not to refuse to serve cryptocurrency companies.