Government Agency in Nigeria to Teach Blockchain to Over 30,000 Citizens

The launch of the 2022 Blockchain Scholarship Scheme has been announced by the National Information Technology Development Agency (NITDA). The program seeks to educate 30,000 people in Nigeria.

Increasing The Use of Blockchain

A blockchain technology training program will be offered, according to the Nigerian government. Over thirty thousand of its citizens will be able to participate in the training.

The training is being provided to hasten the implementation of the technology across the nation. Additionally, the program aims to position Nigeria as a leader in the blockchain industry.

The comment was purportedly delivered by Kashifu Inuwa, the director-general of NITDA. Inuwa urged Nigerians to take advantage of such scholarships on an episode of Radio Nigeria.

Additionally, Inuwa gave hints regarding the government’s desire to educate a sizable portion of Nigerians. He said the training would make these people early problem solvers in the fourth industrial revolution.

It is stated in the report that the NITDA training program will be made accessible shortly. The program is intended for students from all 36 of Nigeria’s states.

Furthermore, the report claims that those who successfully finish the course will be given further possibilities. Such changes include the opportunity to participate in a London-based incubator program.

Additional stakeholders, it has been reported, will be introduced to the Bitcoin Satoshi Vision (BSV) network.

Mohammed Jega allegedly made some affirmations. Jega is a co-founder of the blockchain training program partner of NITDA. He reiterated the commitment of his group to provide “excellent education.”

He also reiterated the need to “give people the tools they need to create practical blockchain solutions.” This occurs as NITDA tries to increase the scope of its blockchain training programs.

NITDA’s Promotion of Blockchain Technology in Nigeria

According to NITDA, Nigeria’s National Blockchain Adoption aspires to snag a $10 billion market share. By the year 2025, its accomplishment will be with the help of blockchain technology.

The development will be made possible by blockchain and the so-called decentralized ledger technology (DLT). This was following a plan draft made available for review in October 2020. Generally speaking, growth in this context refers to the Nigerian digital economy’s quick rise to prominence.

PricewaterhouseCoopers (PwC) presented the outcomes of a study that it conducted. The results reveal some fascinating information about blockchain technology. According to the research, it may add $1.76 trillion to the global GDP over the next seven years. In 2030, this would amount to 1.4% of the worldwide GDP.

The NITDA Director-General, Inuwa, made various assertions about the study’s results. He said Nigeria could use technology in its financial services, digital identity, customer engagement, and software for contract and dispute settlement.