At the Tokenized Economy Conference held on October 6, 2024, Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), urged stakeholders to leverage blockchain technology for asset management and economic growth. Inuwa emphasized the significant benefits of tokenizing assets, which can enhance liquidity and accessibility in various markets. He pointed out that a robust regulatory framework is essential to boost investor confidence and encourage widespread adoption of these technologies.
Inuwa highlighted Lagos State's initiative to tokenize real estate as a model for other regions, showcasing how blockchain can transform asset management practices. This aligns with NITDA's ongoing efforts to promote blockchain adoption in Nigeria, particularly since the launch of the National Blockchain Policy aimed at fostering innovation and economic development through technology.
The Tokenized Economy Conference, organized by Cyberchain, Africa's Web 3 and Digital Economy Aggregator, also featured discussions on the integration of blockchain and AI in addressing Nigeria's economic challenges. The event brought together over 30 tech leaders from both the public and private sectors to explore how these technologies can drive economic growth, improve governance, and create new investment opportunities. The conference included the Innovators Challenge, a Next-Gen Pitch Competition, where teams competed for a share of a N5,000,000 prize pool, further encouraging innovation in the tech space.
Overall, the conference served as a platform for collaboration and knowledge sharing, reinforcing the potential of blockchain and AI to transform Nigeria's economic landscape. [d67b7e1c][ce902899]
