Digital Transformation: NITDA calls for top-quality blockchain technology

The Director-General of Nigeria’s National Information Technology Development Agency (NITDA), Kashifu Inuwa has called for top quality blockchain technology to support more transparency and productivity in the country.

This comes as blockchain technology is impacting significantly on the nation’s digital transformation by using it as a platform to sustain the country’s digital economy

Mr Inuwa participated at the Global Blockchain Convention in Dubai, the United Arab Emirates where ideas were shared with world-leading key players in the industry to upscale public Blockchain technology.

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

The NITDA Boss emphasised 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 noted that the document clearly maps out the strategies needed for the adoption of blockchain technology by the Nigerian government and its digital transformation agenda.

While giving insights on the economic thrust achieved through the implementation of emerging technologies in the country, he said that ideas shared at the event will be adopted to upscale and fully exploit the potential of Blockchain technology in the country.

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

Other panellists present at the event were Pakistan’s former Minister of State and Chairman, Board of Investments, Muhammad Azfar Ahsan, the Founder FanFactory Limited, Dana Al-Saleem and the Chairman, Exports Vision Consulting, Dr Basin Zafar.