Nigeria’s push to regulate cryptocurrencies has overshadowed the implementation of its own national blockchain policy, delaying a strategy that was designed to unlock as much as $40 billion in economic value and help build a blockchain-powered digital economy.
The policy launched three years ago remains largely unimplemented, putting an estimated $2 trillion economic opportunity at risk.
Industry experts say that while president Bola Tinubu’s recently signed Virtual Assets Executive Order and the implementation of the Investments and Securities Act (ISA) 2025 have brought long-awaited clarity to the regulation of digital assets, the broader blockchain agenda has remained largely untouched since the
National Blockchain Policy for Nigeria was approved in 2023.
Read also: Nigeria targets $92bn crypto flows in offshore oversight test
Obinna Iwuno, founder of the Crypto Bootcamp Community, told BusinessDay that Nigeria is among the few countries globally to have adopted a national blockchain policy, yet implementation has stalled.
Iwuno said
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