NITDA General Director claims the blockchain could be a "good technology for Nigeria to leverage."
Nigeria's National Youth Service Corps (NYSC) is set to embrace blockchain technology for certificate issuance and validation, addressing the challenge of counterfeit credentials.
At a policy dialogue organized jointly by the National Information Technology Development Agency (NITDA) and the Blockchain Association of Nigeria (SiBAN), Kashifu Inuwa Abdullahi, the Director-General of NITDA, unveiled plans to incorporate blockchain technology in the NYSC certificate issuance process.
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For context, the NYSC is a prestigious program that mandates university graduates under 30 to complete a one-year national service. This service is centered on community upliftment projects and promoting cross-cultural understanding.
Beyond the NYSC, Abdullahi expanded on other integrative plans, revealing that NITDA training program graduates would also receive blockchain-backed certificates. Furthermore, he touched upon the proactive role of the Central Bank of Nigeria in fostering a synergistic environment.
A significant takeaway from Abdullahi's speech was his emphasis on blockchain's potential to revolutionize the country's economy. Drawing attention to its global implications, he quoted:
I believe blockchain, with the ability to add $1.7 trillion to the global GDP, will be a good technology for Nigeria to leverage. And if we position ourselves well based on the BWC report, Nigeria can add about $40 billion to its GDP by 2030.
Echoing the statement, Obinna Iwuno, the President of SiBAN, lauded the government's forward-looking stance. He acknowledged their expanded vision and willingness to further integrate with entities like SiBAN for the comprehensive development of the industry.
Nigeria's decision to implement blockchain technology for NYSC certificate verification is more than a move toward modernization. It symbolizes the nation's commitment to innovation, integrity, and progress. The collaboration between government bodies and the blockchain sector suggests a bright future, not only for the world of crypto and blockchain in Nigeria but also for the holistic growth of the nation.
In other Nigeria-related news, the county's authorities have recently warned its citizens about trading on Binance.
