Nigerian presidential hopeful's party says it will review country's blockchain and crypto policy if elected

2022/10/23 10:41

In its recently unveiled manifesto, Nigerian presidential aspirant Asiwaju Bola Tinubu’s party — the All Progressives Congress (APC) — said it plans to “establish an advisory committee to review the existing regulatory environment governing blockchain technology and virtual asset services.” The APC, which is also the party of current Nigerian President Muhammadu Buhari, added that where necessary the committee will propose changes that bring about “a more efficient and business-friendly regulatory framework.” According to the APC’s 80-page manifesto, the Tinubu government in fact wants to reform Nigeria’s policy towards information technology. “We will reform government policy to encourage the prudent use of blockchain technology in finance and banking, identity management, revenue collection and the use of crypto assets,” an excerpt from the APC manifesto states.

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