The DG then visited our office. He requested our assistance, and we agreed to work with them to create a blockchain certificate authentication system that will enable individuals to review and validate all NYSC certifications. – NITDA Director General

The National Youth Service Corps (NYSC) certificates in Nigeria will now be issued and authenticated using blockchain technology, according to Kashifu Inuwa Abdullahi, the Director-General of the National Information Technology Development Agency (NITDA).

This statement was given during the Stakeholders’ Policy Dialogue on the National Blockchain Policy’s Implementation. In collaboration with the Stakeholders in Blockchain Association of Nigeria (SiBAN), NITDA hosted the event.

The NITDA CEO believes that blockchain technology offers a significant economic opportunity, and that using it to issue certificates is one practical method to explore the technology’s many potential applications.

“Blockchain is a topic that the current administration is really interested in. Blockchain, which has the potential to boost the global GDP by $1.7 trillion, will likely be a useful technology for Nigeria to use. And according to the BWC research, Nigeria can increase its GDP by around $40 billion by 2030 if we take the right positions.

The head of NITDA stated that one area in Nigeria where there has been a lot of fraud is the NYSC certificate.

The DG then visited our office. He asked for our assistance, and we agreed to assist them in creating the blockchain certificate authentication needed to place all NYSC certificates on the blockchain for users to inspect and verify, he added.

Additionally, Kashifu Inuwa Abdullahi stated that the Central Bank of Nigeria is willing to cooperate with “the ecosystem” and that there are plans to issue blockchain-based credentials to people who have finished NITDA training programs.

The adoption in other industries and sectors will be fueled by that, so we can move on to other areas after that. The Nigerian Central Bank is prepared to cooperate with the ecosystem.

Obinna Iwuno, president of SiBAN, was a prominent speaker at the occasion and voiced hope for the future of the industry:

The lesson from this incident is that the government now has a more comprehensive understanding of our sector and what it is capable of. In order to ensure that our business expands and Nigeria realizes its full potential, they are now gaining a deeper understanding of the situation and are prepared to collaborate with us even more closely than they currently do.