The Nigerian government has approved a national blockchain policy, which has been welcomed by the country's crypto community. The policy is expected to facilitate the development of Nigeria's digital economy and could have implications for governance and policy-making, digital identity management, e-payments and billings. The government has also instructed relevant regulatory bodies to create regulatory frameworks for the implementation of blockchain technology in different sectors of the economy. The policy has been praised for its comprehensive approach and potential to encourage innovation, investment and economic growth.