SiBAN president has made a clear statement on establishing a regulatory framework that will foster blockchain technology in several sector of economy.

A stakeholder in the blockchain and Fintech ecosystem has called on the Federal government of Nigerian to implement regulations that will drive the widespread integration of the approved blockchain policy in the country.

Recently, the president of stakeholder in blockchain association of Nigeria (SiBAN). Obina Owuno, - An association of blockchain and digital asset industry players advocating for friendly digital assets landscape in Nigeria , this was made known during an interview at the National information Technology Development Agency and Stakeholder in Blockchain Technology Association of Nigeria Stakeholders' policy dialogue held in Lagos. Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into diverse sectors of the economy.

Former president muhammadu Buhari approved the National Blockchain policy in May. as iwuno confirmed that the country is equipped fully to implement blockchain technology .

"This is the time we have full house of industry stakeholder, regulator and operator and we are ready for full implementation now and the blockchain policy initiated by the government position. Nigeria as a trailblazer in the continent's digital economy landscape if fully implemented."

According to the national blockchain policy, the potential of the blockchain technology is far-reaching. The blockchain policy document states y that the technology holds the potential to drive economy growth foster job creator and tackle the long-standing issues of financial inclusion.

Iwuno also said, with technological advancement driving leading countries today, the call to position Nigeria as a formidable contender on the global stage resonate strongly. The journey toward integrating blockchain technology in Nigeria into Nigeria's mainstream is not just a governmental initiative but also a collaborative one driven by the collective determination of the stakeholders to position Nigeria as a leader on the global stage, he also added.

Iwuno also highlighted the collaborative drive between the industry stakeholders and the government to transform Nigeria into a global blockchain hub.