The presidential candidate of the All Progressives Congress (APC), Bola Tinubu says his administration will encourage the use of blockchain technology in finance and cryptocurrency assets if he is elected into office.
Blockchain technology is an advanced database mechanism that allows transparent information sharing within a network.
In 2021, the Central Bank of Nigeria (CBN) directed all banks in Nigeria to close accounts of persons or entities involved in cryptocurrency transactions within their systems.
Explaining the decision, Godwin Emefiele, CBN governor, said it was in best interest of citizens
Speaking on Friday at a town hall meeting with youths in Abuja, Tinubu said his administration would implement policies that would enable them to take advantage of the opportunities in ICT.
“I promise a thriving digital economy where those interested in pursuing careers of integrity in ICT will be able to do so,” he added.
“We will also ensure that Nigeria can take greater advantage of relatively recent innovations such as blockchain technology.
