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Nigeria to Benefit 10 Billion Dollar From Blockchain Technology in 10 Years – NITDA



Nigeria’s economy will gain not less than 10 billion US dollars in blockchain technology by the year 2030 as Nigeria

The Director General Nigeria Information Technology Development Agency, NITDA, Kashifu Inuwa Abdullahi made the disclosure on the sideline interview at the Stakeholders Engagement for the Review of the National Block Chain Adoption Strategy on Thursday in Abuja.

According to Abdullahi : “Nigeria, looking at our youthful population, which is mainly digitally native and our strategic position in Africa, we are looking at how we can get at least 6 to 10 Billion USDollar in blockchain technology by the year 2030 and this is doable if you look at our payment and financial services is very huge and it is strategically place to capture this value”.

Speaking further, he said there’s a recent publication by PWC that said in the next 10 years, blockchain is going to contribute 1.76 trillion US Dollar to the global GDP.

“Therefore, we want Nigeria to be strategically placed to capture value from this economic potential at blockchain and that’s why we are doing what we are doing today to get stakeholders in one room to brainstorm and come up with a strategic priority for Nigeria to benefit from this blockchain technology”.

The Director of IT Infrastructure Solution, Usman Abdullahi had earlier said it is common knowledge that digital economy today is the most critical driver of innovation, competitiveness and growth adding that taking full advantage of digital opportunity translates to reduction in unemployment challenge and its in line with the vision of digital economic policy and strategy for digital Nigeria”.

“It aims at transforming Nigeria into a leading digital economy, providing quality life and digital economy for all”.

“We are all aware that world at present is stripes with new emerging distruptive technology that provides solutions to societal challenges”. He said.

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