Nigeria has emerged as a leader in Africa's blockchain and crypto asset industry, with Lagos recently being designated as the country's first crypto hub. The move is part of a broader effort to promote innovation and attract investment in the sector.

Lagos has also established a regulatory sandbox, allowing companies to test their products and services in a controlled environment. This sandbox is expected to help companies navigate the regulatory landscape and identify potential issues before they become major problems.

The establishment of Lagos as a crypto hub has been met with enthusiasm from the industry, with many companies already expressing interest in setting up operations in the city. It is seen as a sign of Nigeria's commitment to embracing blockchain technology and becoming a leader in the global crypto asset m

arket.