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The crypto heat in Nigeria has been dwindling ever since the Central bank of Nigeria (CBN) issued a circular prohibiting banks from crypto related transactions.

Despite this ban, Nigeria has remained one of the top countries involved in cryptocurrencies.

Outside Government cheering and friendly regulations, private sectors have made the Africa giant a leading market in blockchain technology.

Reports carried it that Nigeria is one of the countries pushing the “buy the dip” anthem in the crypto space.

Also, recent reports revealed Nigeria’s interest in NFTs as number 3 globally, based on Google search engine.

Nigerians are not holding back and finally the light has shined at the end of the tunnel.

Recently, the Nigerian government is planning to position the country for massive blockchain innovation and adoption.

Speaking at the Digital Nigeria COnference organized by the National Information Technology Development Agency (NITDA), the DG and CEO of the agency, Kashifu Inuwa, said the agency is ready to train 500,000 Nigerians on blockchain technology.

Despite CBN’s crypto ban, the DG/CEO of NITDA had in 2021 charged stakeholders of the information technology ecosystem to disrupt the status quo.

According to the DG, the agency views digital transformation as a tool to enhance existing services and the delivery of rapid business innovations.

In achieving this, the DG said the agency needs startups.

Innovation is a process” he said, “which is taking ideas from inception to impact which can be difficult.”

Recently, the President of Nigeria accented to  the Startup Bill by signing it into law.

The bill now aims to transform tech-based startups in the country and usher the nation into an era of increased productivity, innovations, and friendly regulations.

Finally, the decision to train 500,000 Nigerians on blockchain technology will help to position Nigeria at the top of Africa by fostering innovations and blockchain adoption.

By Meekness Nnoka

Blockchain Analyst & Writer with top-notch Technological background. Enjoys reading and writing fascinating crypto contents. 4 years content creating experience.

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