Nigeria Targets Blockchain Technology Worth $10 Billion By 2030

Director-General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, said Nigeria is targeting to realize up to $10 billion from the Blockchain technology by 2030,

Abdullahi, who disclosed this 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 noted that a recent publication by PwC showed that in the next 10 years blockchain is going to contribute $1.76trillion to the global gross domestic product (GDP).

He added the Agency we want Nigeria to be strategically placed to capture value for this economic potential of Blockchain and that is why we are doing what we do today, to get all the stakeholders in one room, brainstorm and come up with a strategy, Nigeria benefit from the technology.”