National blockchain ‘Nigerium’ aims to boost Nigeria’s tech security

The Nigerian Government has announced the development of a locally-made blockchain called ‘Nigerium’, designed to secure national data and enhance cybersecurity. The National Information Technology Development Agency (NITDA) is leading this initiative to address concerns about reliance on foreign blockchain technologies, such as Ethereum, which may not align with Nigeria’s interests.

NITDA Director General Kashifu Abdullahi introduced the ‘Nigerium’ project during a visit from the University of Hertfordshire Law School delegation in Abuja. He highlighted the need for a blockchain under Nigeria’s control to maintain data sovereignty and position the country as a leader in the competitive global tech landscape. The project, proposed by the University of Hertfordshire, aims to create a blockchain tailored to Nigeria’s unique requirements and regulatory framework.

The indigenous blockchain offers several advantages, including enhanced security, data control, and economic growth. By managing its own blockchain, Nigeria can safeguard sensitive information, improve cyber defence capabilities, and promote trusted transactions within its digital economy. The collaboration between the private and public sectors is crucial for the success of ‘Nigerium’, marking a significant step towards technological autonomy.

If successful, ‘Nigerium’ could place Nigeria at the forefront of blockchain technology in Africa, ensuring a secure and prosperous digital future. This initiative represents a strategic move towards maintaining data sovereignty and fostering innovation, positioning Nigeria to better control its technological destiny.