The development of an indigenous blockchain is crucial for Africa. By controlling its blockchain infrastructure, African countries can ensure data security and reduce dependency on foreign technology to promote technological advancement.

The National Information Technology Development Agency (NITDA) is considering developing an indigenous blockchain named Nigerium to protect national data and enhance security. NITDA’s Director General, Kashifu Abdullahi, announced this during a meeting with delegates from the University of Hertfordshire Law School.

During the meeting, the university delegation, led by Chanu Kuppuswamy, emphasized the importance of Nigeria controlling its blockchain to avoid foreign influence. “We want NITDA to consider developing an indigenous blockchain on which we can now think of putting all the public service and the land registries of the 36 states and Abuja,” Kuppuswamy said.

The delegation also suggested the creation of a "data embassy" to ensure digital continuity and protect data. This server, hosted in a third-party country but regulated by Nigerian law, would safeguard the nation's data. Additionally, the need for collaboration between government departments was highlighted to harmonize blockchain services.

A 2021 report by Enhancing Financial Innovation & Access (EFInA), a Nigerian Financial Sector Deepening (FSD) organization, reveals that Blockchain has the potential to increase Nigeria’s GDP by $29 billion by 2030, highlighting the significant economic impact of the adoption of a secure blockchain in the country.

This initiative falls in line with the country’s adoption of a national blockchain policy in 2023 and follows NITDA's plans to establish blockchain research centers across Nigeria, underscoring the country's commitment to leveraging blockchain technology for national development.

Hikmatu Bilali