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Nigeria targets 10 billion US Dollars from Blockchain technology by 2030

Nigeria is targeting to realize up to $10 billion from the Blockchain technology by 2030, the Director-General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has said. Abdullahi, who disclosed this yesterday in Abuja at the Stakeholder Engagement for the Review of the National Blockchain Adoption Strategy, said that the government wants to harness the potential in Blockchain, and has seen the need to position the country to capture value from the value chain.

 

He said: “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 around $6-10 billion from this by the Year 2030, and this is doable looking at our strategic and huge payment and financial services sector.

 

“Nigeria is already one of the hottest places when it comes to tapping from this. We are coming up with a strategy that will help Nigeria to capture value from the financial services from the land administration, from education, and from healthcare because Blockchain is going to play a key role in terms of breaking and tracing products and services,” he said.

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