This summary text is fully AI-generated and may therefore contain errors or be incomplete.
A stakeholder in the blockchain and fintech ecosystem has urged the Nigerian government to implement regulations that will facilitate the widespread integration of blockchain technology in the country. The National Blockchain Policy, which was signed by former President Muhammadu Buhari, offers significant potential for economic growth, job creation, and financial inclusion. The President of the Stakeholders in Blockchain Association of Nigeria (SIBAN), Obinna Iwuno, emphasized the need for a forward-thinking regulatory framework to accelerate the adoption of blockchain technology across various sectors of the economy. Iwuno believes that Nigeria has the necessary resources to successfully implement blockchain technology and position itself as a trailblazer in the continent’s digital economy landscape. The collaborative efforts between industry stakeholders and the government aim to transform Nigeria into a global blockchain hub.