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The roadmap shows the plan to digitize the nation's economy, and it believes that blockchain is the kind of technology that can help it create a bright financial future.
You will recall that in the year 2018, the Nigeria Deposit Insurance Corporation (NDIC) warned Nigerians against the use of cryptocurrency because the Central Bank of Nigeria (CBN) does not recognize them as a legitimate currency.
But despite all warnings and campaigns against cryptocurrency, Nigerians ignore the warning by continuing to invest and trade in bitcoin.
No one will argue that with the economic challenges facing the world caused by the COVID-19 no doubt that the only way out for any smart country is to adopt the digital financial system.
However, following the call by the Nigerian President Muhammadu Buhari, charging all government agencies to go digital with full implementation of a well-coordinated digital economy policy at the e-Nigeria 2019 conference, the Federal Ministry of communications and Digital Economy came up with a roadmap's framework named National Blockchain Adoption Strategy.
Nigerian Government aims are to digitize the country's economy and eventually reduce the nation's reliance on resources such as Oil and Gas.
The roadmap mostly focuses on introducing proper regulations for emerging technologies, but also things like skills and capacity building, innovation, international competitiveness, investment and more.
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