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Nigeria hopes blockchain will generate $10B revenue by 2030

Published 11/05/2020, 09:54 PM
Updated 11/07/2020, 12:20 AM
Nigeria hopes blockchain will generate $10B revenue by 2030

The director-general for Nigeria’s National Information Technology Development Agency, or NITDA, has said that the country could potentially expect a revenue stream between $6 billion to 10 billion from blockchain technology in the next ten years.

According to a Nov. 5 announcement from the NITDA, Director-General Kashifu Inuwa spoke at a stakeholders meeting in the Nigerian capital of Abuja to review the agency’s National Blockchain Adoption Strategy Framework. A draft of the strategy was first released in October and stated that blockchain and decentralized ledger technology (DLT) would “facilitate the development of the Nigerian digital economy.”

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