Nigeria considers blockchain and AI for digital innovation efforts: Minister

Nigeria is exploring blockchain, artificial intelligence and other emerging technologies in its attempt to promote a culture of innovation. This is what the country’s Minister of Communications and Digital Economy, Isa Pantami, says. Speaking at a recent event, the minister revealed that the government is committed to a national blockchain roadmap it recently developed.

The Nigerian government has continued to view blockchain as one of the technologies capable of turning the tide of the country. At the recent Digital Africa annual conference, the minister reiterated the government’s interest in technology. The theme of the event was “Building a New Africa with AI and Blockchain,” which the minister said couldn’t come at a better time, especially given the government’s efforts to promote blockchain.

Pantami commented, “We are also actively preparing to leverage blockchain technologies for our digital economy, and we have recently developed a national blockchain adoption strategy.

The Nigerian government has developed a National Center for Digital Innovation and Entrepreneurship, which the minister says will go a long way in enabling the adoption of blockchain and other emerging technologies.

“The main objective of these is to create an atmosphere that would usher in a culture of innovation among the Nigerian people,” he noted.

The minister’s sentiment was reiterated by Kashifu Inuwa, Director General of the National Information Technology Development Agency of Nigeria. The agency is responsible for developing programs that promote the growth of ICTs in Nigeria.

Speaking at the same event, Inuwa said, “For Nigeria, a country in urgent need of diversifying its economy, digital economic activities are essential for diversification as they transcend all aspects of human and industry efforts. economic.

Inuwa praised the pace at which sub-Saharan countries are embracing blockchain, AI, 5G and the Internet of Things. However, according to him, Nigeria is the big winner. He believes the West African country can take advantage of its population, which is the seventh largest in the world, and its advanced economy to strengthen its lead in adopting emerging technologies.

As the country strives to lead the continent in blockchain adoption, it has continued to crack down on digital currencies. Earlier this year, the Central Bank of Nigeria banned all commercial banks from dealing with digital currency customers. He has doubled that ban in recent months, but insisted he hadn’t banned digital currencies completely. The bank, for its part, has been working on a CBDC for two years.

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