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FG Inaugurates National Blockchain Implementation & Steering Committee

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In a bid to fast track the adoption and utilise the gains of emerging technologies, the Federal Government of Nigeria has launched a National Policy on Blockchain Technology and inaugurated Implementation & Steering Committee to oversee its implementation.

The policy, which was launched by Professor Isa Ali Ibrahim (Pantami), minister of Communications and Digital Economy, is to promote the adoption of blockchain technology in Nigeria and to position the country as a leading player in the global blockchain ecosystem.

While launching the Policy on behalf of Federal Government of Nigeria, Professor Pantami recalled that the journey of Blockchain Technology officially started in Nigeria on 28th November, 2019 at the International Conference Centre, Abuja where President Muhammadu Buhari unveiled and launched the National Digital Economy Policy & Strategy (NDEPS) for a Digital Nigeria.

The Minister explained that the seventh pillar which is ‘Digital Society & Emerging Technologies’ out of the eight captured in the Policy, is now achieving the desired progress as Blockchain remains one of the Emerging Technologies.

He said, “In order to implement the seventh pillar, we had to develop other policies, including Policy on Artificial Intelligence and Robotics which brought about the establishment of the first ever National Centre for Artificial Intelligence and Robotics (NCAIR) in Africa, sited here in Abuja”.

“Also, in our efforts to implement the policy, particularly, pillar number seven, we developed the National Blockchain Policy for Nigeria”, Prof. Pantami noted.

Prof. Pantami stressed the importance of the technology to the nation’s Digital Economy drive, noting that the Fourth Industrial Revolution is comparatively the one that has not relegated African Continent to the background, especially as African Nations, particularly Nigeria are actively participating in the revolution which he added is an extension of the third revolution.

“Blockchain Technology, Artificial Intelligence (AI), Robotics, Cloud & Quantum Computing, Virtual & Augmented Reality, Autonomous Vehicle, Bio Technology, 5G, Cyber Security, are all disruptive technologies brought by the Fourth Industrial Revolution and Nigeria is one of the, at least three countries in Africa, that are actively involved in the 4th Industrial Revolution,” he added.

According to the Minister, the success stories of exploits and displays of ingenuity by Nigerian innovators underscore the country’s position as a key player in Africa’s technological advancement and strengthens the country’s position as the leading startup hub in Africa.

While noting the development and subsequent approval of the National Blockchain Policy on the 3rd of May, 2023, Prof. Pantami confirmed that the tech and all its components and types are no more illegal but now legal in the Country.

The Digital Economy Boss maintained that prior to the approval of the policy, a total of fifty six stakeholders and institutions were engaged in the scrutiny of the document.

“This policy is to provide an enabling environment for your teaming young population who are mostly digital natives to partake in critical thinking, identify complex problems, come up with solutions for implementation of adoption in Nigeria or any parts of the world”, Prof. Pantami noted.

Kashifu Inuwa Abdullah, director-general of the National Information Technology Development Agency (NITDA), who earlier welcomed guests to the auspicious occasion said that the event signalled a remarkable milestone in the journey towards achieving a Digital Nigeria where citizens have access to the latest technology, skills and a conducive environment to innovate in the realm of the Blockchain Technology.

Inuwa affirmed that the policy represents a significant leap and the opportunity to create an enabling environment through investments in talents, access to the technology and domestication.

The DG said “this will give our citizens the opportunity to create and capture value from the enormous benefits of the tech”.

Inuwa who quoted PWC that by 2030, the Blockchain Technology will add $1.76Trillion to the global GDP maintained that the plan is to ensure that Nigeria positions itself properly to benefit therefrom.

“If the policy is implemented, Nigeria can gain up to $4B”, Inuwa avowed.

The launch also featured the inauguration of the National Blockchain Policy Implementation/Steering Committee and graduation of 32,022 beneficiaries trained in Blockchain Technology.

The Minister who inaugurated the committee and presented certificates to some of the beneficiaries trained on Blockchain Technology, said by implication, the action is to consolidate on the initiative commenced by the Federal Government.

The committee members numbering about 29 as inaugurated, comprise of representatives from critical sectors of the economy.

Meanwhile, some of the graduates shared their success stories and promised to judiciously utilise the knowledge gained during the training.

They expressed gratitude to the Federal Government through the Ministry of Communications and Digital Economy and NITDA as well as the facilitators for affording them the platform to be trained.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

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National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.

Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.

CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.

This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.

By exploiting this flaw, attackers can create specially designed Office documents.

When a user opens these documents, they can run malicious code or gain further access to the system.

Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.

Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:

  1. Install the latest Microsoft Office security updates for all affected versions.
  2. Restart Office applications for Office 2021 and later to ensure that the updates take effect.
  3. Use registry-based settings for protection if updates can’t be applied right away.
  4. Follow good cybersecurity practices, like using endpoint protection and filtering emails.

Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.


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NDPC Investigates over 1,000 Schools over Data Privacy Compliance

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Nigeria Data Protection Commission (NDPC) has commenced an investigation into over 1,000 education institutions across the country over compliance with the Nigeria Data Protection Act (NDP Act), 2023.

NDPC Investigates over 1,000 Schools over Data Privacy Compliance

The move affects federal, state and private universities, polytechnics, colleges of education and technical colleges, marking one of the largest sector-wide compliance checks since the enactment of the law.

In a public notice issued on Thursday by Babatunde Bamigboye, head, Legal, Enforcement and Regulation, the Commission said the probe forms part of its ongoing sector-by-sector enforcement drive aimed at safeguarding the fundamental rights and freedoms of data subjects, as well as strengthening the legal foundation of Nigeria’s digital economy through the trusted use of personal data.

The NDPC directed the affected institutions to submit, within 21 days, evidence of filing their 2024 Data Protection Compliance Audit Returns, proof of designation or appointment of a Data Protection Officer including relevant contact details and a summary of technical and organisational measures adopted to protect personal data within their establishments.

It also requested evidence of registration as a Data Controller or Processor of Major Importance as required by law.

The Commission warned that failure to comply with the notice may result in the issuance of enforcement orders, imposition of administrative fines and possible criminal prosecution in accordance with the provisions of the NDP Act, 2023.

It stressed that compliance is mandatory and not optional for institutions that process large volumes of personal data

The education sector remains one of the biggest handlers of sensitive personal information in the country, including students’ academic records, admission details, biometric data, financial information and staff records.

With increasing digitalisation of admissions, online learning platforms and electronic documentation systems, concerns over data breaches and weak privacy safeguards have grown in recent years.

The Commission maintained that the investigation is in line with its statutory mandate under relevant sections of the Act empowering it to monitor, investigate and enforce compliance across sectors.


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Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

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Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation.

Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

The creation of the new subsidiary, ChamsCorp Plc, which took effect from February 1, was made known in a filing to the Nigerian Exchange Limited , according to an announcement.

Chams said that the new subsidiary, which is its 5th, will give a new dimension to its more than 40 years of work in building the digital ecosystem not only in Nigeria, but across the continent and the rest of the world.

The newly created company will focus on three major aspects, namely the manufacturing of digital devices and development of digital infrastructure and services; data center design, construction and operations, and the development and implementation of AI infrastructure and intelligent systems.

It will also contribute to its parent company’s digital ID, digital verification, and trust services offering.

“For nearly four decades, we’ve enabled trust in transactions and identity. Now, we go furthe”

Chams is expanding into AI, data centre infrastructure, and intelligent systems, building the backbone for Africa’s digital transformation,” the company wrote in a LinkedIn post.

“We are not just participating in the future. We are engineering it,” the message added.

According to the Chams announcement, a decision of its Board of Directors appointed members of the pioneer board of ChamsCorp Plc, with renowned banker Mohammed Bashir Yunusa designated as Chairman.

He is described as a well-known finance expert who specializes in deal structuring, corporate and retail finance, business strategy, digital transformation, and Islamic Finance and Banking.

With more than 10 years of experience in the financial services industry, Yunusa currently serves as head of Consumer and Digital Banking for Non-Interest Banking Retail at Sterling Bank Nigeria, and will also serve as a non-executive director on the board.

“Chamscorp is designed to take our most ambitious ideas to market at speed and scale. As Africa’s digital economy evolves, we are focused on delivering transformative solutions that empower governments, businesses, and citizens alike,” Femi Oyenuga, CEO, Chams, commented on the development.

Chams has over the years played a major role in contributing to Nigeria’s digital ID ecosystem development to facilitate access to financial services.

In 2023, the company Group Chairman publicly stated that in providing such digital services to the Nigerian government, it had incurred debts estimated at $100 million and were planning to change their business model as a result.


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