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NITDA Restructures National Blockchain Policy Steering Committee

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Nigeria’s National Information Technology Development Agency (NITDA) has announced the restructuring of the National Blockchain Policy Steering Committee (NBPSC) to bolster the implementation of the country’s National Blockchain Policy.

Kashifu Inuwa, the director-general of NITDA, disclosed this development through Oladejo Olawunmi, the director of IT infrastructure solutions at NITDA, during a three-day co-creation workshop held in Nigeria’s capital, Abuja, on Tuesday, May 21. The workshop, dedicated to implementing the National Blockchain Policy, served as the platform for unveiling the committee’s reform.

Inuwa emphasized that the revision of the committee aims to keep pace with blockchain advancements and broaden its engagement with stakeholders.

The goal is to facilitate comprehensive adoption and effective execution of blockchain initiatives across various sectors.

“The review is essential to incorporate emerging technologies and adapt to evolving economic landscapes,” stated Inuwa, highlighting the potential of blockchain beyond cryptocurrency. “Blockchain has diverse applications, from supply chain management to secure and transparent payment systems, which can significantly impact economic activities and growth,” he said.

Initially established on May 3, 2023, the committee comprised members from government agencies, institutions, the private sector, academia, and the blockchain industry.

However, Inuwa did not elaborate on the specific reasons for its restructuring.

Inuwa emphasized that the strategic reform of the committee aims to bring in additional experienced professionals and experts from the blockchain domain.

“We recognized the necessity of broadening the committee’s membership to ensure comprehensive representation from both the public and private sectors,” he said.

Stakeholders within Nigeria’s blockchain and fintech ecosystem have long advocated for regulatory frameworks to support the widespread adoption of blockchain technology in the country.

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