Blockchain technology is seen as a powerful tool to reshape economies, with the CBN exploring its potential for Nigeria's economic growth.
The CBN has various opportunities to leverage blockchain technology, such as creating a stable digital currency, improving financial transparency, and combating corruption.
Implementing blockchain can enhance currency stability, promote transparent financial oversight, strengthen the naira, and provide faster and more reliable transactions.
The CBN is urged to take action by hosting a national blockchain policy roundtable, launching pilots with commercial banks, revamping the eNaira, educating the public, and supporting blockchain bills.