SIBAN president urges stronger gov collaboration to drive blockchain growth

President of the Stakeholders successful Blockchain Technology Association of Nigeria (SiBAN), Obinna Iwuno, has called for stronger collaboration betwixt the government, regulators, and manufacture players to accelerate blockchain and cryptocurrency adoption successful Nigeria.

Speaking connected Thursday astatine the Entering Tech Stage of Moonshot by TechCabal, Iwuno emphasised that nary manufacture tin thrive without due regulation, education, and nationalist awareness.

He stressed that authorities engagement remains cardinal to the occurrence of blockchain exertion successful the country.

“No manufacture tin beryllium without regulation. People request to get the close acquisition astir the decentralisation of cryptocurrency and blockchain,” helium said.

Iwuno highlighted that SiBAN’s argumentation absorption is anchored connected capableness development, aimed astatine empowering individuals and institutions with the cognition needed to instrumentality blockchain solutions crossed some the nationalist and backstage sectors.

“Our absorption is connected ensuring that the blockchain web argumentation is implemented not conscionable successful authorities but besides successful backstage organisations,” helium added.

He besides underscored the value of raising nationalist consciousness astir SiBAN’s relation and expanding planetary partnerships.

According to him, SiBAN has opened its doors to collaborations with cardinal nationalist agencies including the Nigerian Financial Intelligence Unit (NFIU), the National Information Technology Development Agency (NITDA), the Nigerian Communications Commission (NCC), and the Federal Ministry of Communications, Innovation and Digital Economy, among others.

“We person been capable to unfastened our doors to tons of partners — NFIU, NITDA, NCC, Ministry of Communication, and others. Our argumentation is anchored connected capableness development,” helium said.

Iwuno urged developers to articulation the blockchain network, adding that the ecosystem tin lone turn erstwhile some innovators and regulators enactment unneurotic nether wide and enabling frameworks.

“There’s a request for regulators to make much enabling laws to assistance the maturation of the blockchain and crypto sector,” helium said.

He concluded by noting that collaboration betwixt the authorities and backstage assemblage remains captious to realising Nigeria’s imaginable arsenic a hub for blockchain innovation successful Africa.

The station SIBAN president urges stronger gov collaboration to thrust blockchain growth appeared archetypal connected Vanguard News.