NITDA aligns with global experts in upscaling blockchain technology



By Chimezie Godfrey

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa joined experts from other parts of the world in upscaling blockchain technology to support more transparency, efficiency and productivity.

Inuwa considered the significant impact of blockchain technology on the nation’s digital transformation which he uses as a platform to sustain the country’s digital economy.

In aligning with the trending best global practices, the DG participated at the BSV Global Blockchain Convention at the Grant Hyatt Hotel, Dubai, United Arab Emirates where ideas were shared with world leading key players in the industry to upscale public Blockchain ecosystem.

Speaking as a panelist in the session themed “Blockchain for Digital Transformation of Nations” at the 3-day event, the DG reiterated the President Mohammadu Buhari’s commitment to diversify the country’s economy through the adoption of emerging technologies such as the blockchain technology.

The NITDA boss opined that Blockchain technology is an emerging technology which provides a secure distributed ledger platform for seamless transactions which will acquaint people with vast opportunities, enhanced security and easier traceability.

He further stated that in the implementation of the country’s National Digital Economy Policy and Strategy, the Agency under the supervision of the Federal Ministry of Communications and Digital Economy developed a draft bill on National Blockchain Adoption Strategy in creating an economically productive and viable Digital Nigeria using the blockchain technology.

Inuwa averred 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.

The Chief Information Officer of Nigeria while giving insights on the economic thrust achieved through the implementation of emerging technologies in the country however noted that ideas shared at the event will be adopted to upscale and fully exploit the potentials of Blockchain technology in the country.

“As government, we have the responsibility to make sure Nigerians harness the full potentials of blockchain technology while avoiding its perils”, he concluded.

Other world-class 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