Blockchain offers high FDI potential for Nigeria, says KureCoin CEO

With effective industry collaboration and government support, the adoption of blockchain technology can become a major source of foreign direct investment for Nigeria, the Chief Executive Officer of Kure Holdings, Mr. Tega Abikure, has said.

Speaking at the company’s investors’ forum in Lagos, he noted that Nigerian government was slow in understanding and embracing the technology to drive economic development in the nation at a time other nations were already taking advantage of it.

Abikure revealed that with global cryptocurrency market, having a capitalization in excess of $500 billion, the country can take advantage of it and attract a lot of money into the country, once the right expertise is developed in locally to tap into it.

According to him, Blockchain represents the new economic revolution of the 21st century with a vast possibility of its application in several areas of the economy such as finance, medicine, agriculture, insurance, voting system etc.

According to him, government must stop foot-dragging and adopt a very robust approach at promoting Blockchain adoption and development in the country so that it will not fall behind others in the continent and the world at large.