President of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), Obinna Iwuno, has emphasized the need for deeper collaboration between the government, regulatory agencies, and industry stakeholders to accelerate the growth and adoption of blockchain and cryptocurrency in Nigeria.
Speaking on Thursday during the Entering Tech Stage of Moonshot by TechCabal, Iwuno stated that no industry can thrive without the right blend of regulation, education, and public awareness. He noted that effective government involvement is crucial to the success and sustainability of blockchain technology in the country.
> “No industry can exist without regulation. People need to receive the right education about the decentralisation of cryptocurrency and blockchain,” he said.
Iwuno explained that SiBAN’s policy direction is built around capacity development, aimed at equipping individuals, developers, and institutions with the knowledge and tools to deploy blockchain solutions across both public and private sectors.
> “Our focus is on ensuring that blockchain policy is implemented not only in government institutions but also across private organizations,” he added.
He also highlighted the importance of raising public awareness about SiBAN’s mission and expanding the association’s global partnerships. According to him, SiBAN has established strong collaborations with several key national agencies, including the Nigerian Financial Intelligence Unit (NFIU), the National Information Technology Development Agency (NITDA), the Nigerian Communications Commission (NCC), and the Federal Ministry of Communications, Innovation and Digital Economy, among others.
> “We have opened our doors to many partners — NFIU, NITDA, NCC, the Ministry of Communications, and others. Our policy is anchored on capacity development,” Iwuno reiterated.
The SiBAN president further called on developers and innovators to actively engage in the blockchain ecosystem, stressing that meaningful growth can only occur when innovators and regulators work hand in hand under clear and enabling frameworks.
> “There’s a need for regulators to develop more supportive laws to promote the growth of the blockchain and crypto sector,” he concluded.
