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Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy

Nigeria's government approved a national blockchain policy on Wednesday as part of the country's effort to transition to a digital economy. The Federal Ministry of Communications and Digital Economy developed the policy, according to a statement tweeted by the ministry. The aim of the Policy is to create a Blockchain-powered economy that supports secure transactions, data sharing, and value exchange between people, businesses, and Government, thereby enhancing innovation, trust, growth, and prosperity for all. The tweet did not mention cryptocurrencies, which the government cracked down on in 2021 after the country emerged.

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