Local experts note that if Nigeria adopts a foreign blockchain it would be difficult for the country to stamp its influence on key blockchain decisions.
Nigerian blockchain and data experts have shared their insights on the National Information Technology Development Agency’s (NITDA) initiative to develop an indigenous blockchain named "Nigerium.”
This ambitious project aims to ensure data sovereignty and bolster national security. However, stakeholders highlight that the Nigerium project must be homegrown, leveraging the country's local talent and addressing fundamental infrastructure and policy challenges.
In a statement shared with Cointelegraph, Nathaniel Luz, CEO of Flincap, a platform for African over-the-counter crypto exchanges, emphasized the importance of having Nigerian experts lead the Nigerium project.
