The director-general, National Information Technology Development Agency (NITDA), Mallam Kashifu Abdullahi, has identified blockchain technology as a vital component for the achievement of Nigeria’s digital transformation agenda.
Speaking at the Abuja Blockchain and Crypto Assets Conference/Exhibition 2021, Abdullahi said blockchain technology acquaints people with vast opportunities and helps them overcome challenges.
According to the DG, blockchain is an emerging technology that provides a secured distributive ledger platform for seamless transactions which can lead to new opportunities that can benefit industries through greater transparency, enhanced security and easier traceability.
He said the NITDA, through its Strategic Roadmap and Action Plan (SRAP), is committed to promoting emerging technologies to build a healthy, enviable IT ecosystem.
Represented by the agency’s director, information technology infrastructure solutions, Dr. Usman Abdullalhi, the NITDA boss, however, expressed concerns on the need to enforce regulations to protect citizens and ensure fair markets without stifling innovation.
He further pledged that the agency’s commitment to implementing regulatory instruments and implementation strategies will drive the adoption of technology by both the public and private sectors
“I am glad to say that NITDA’s efforts towards the development of a National Blockchain Adoption Strategy document advances efforts of the president and the Federal Ministry of Communication and Digital Economy in creating and fostering an efficient, safe and economically productive and viable digital Nigeria using the blockchain technology,” Abdullahi maintained, adding that the developed strategy for blockchain will unleash potentials in all sectors lead to improved efficiency, transparency and accountability in governance.
“Blockchain technology would surely key into the Economic Recovery and Growth Plan of the Federal Government by increasing the contribution of ICT and innovation to the Gross Domestic Product (GDP),” he said.
While giving assurances of NITDA’s uttermost support to the technology and innovation ecosystem, the DG noted that technology policies, frameworks and guidelines are important parameters in building a lucrative IT industry.
Abdullahi further urged participants at the event to brainstorm and develop initiatives that will assist the government in devising the best ways and practices to help surmount challenges faced by the country.
“We must not be defined by our current challenges; they are not who we are, we are bigger than them, we must be defined by our dreams and aspirations, things we can achieve,” he added.