The Nigeria Federal Executive Council has approved the National Policy on Blockchain drafted by the Federal Ministry of Communications & Digital Economy, paving the way for the formal use of blockchain technology in the country.
In a May 2 tweet, the special assistant to the President on digital and new media, Tolu Ogunlesi, said relevant agencies would be working to develop appropriate regulatory frameworks. He said the government established a steering committee led by the National Information and Technology Development Agency to oversee policy implementation.
However, the approved policy is not yet public. Ogunlesi promised that this would be provided soon.
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