The Director-General (DG) of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdulahi, DG of the Securities and Exchange Commission (SEC), Emomotimi Agama and founder of Cyberchain Jude Ozinegbe have advocated the growth of the Blockchain ecosystem in the country.

Speaking at the inaugural edition of the Blockchain Compliance – Level 1 Training in Lagos, Abdulahi disclosed through policy development and collaboration with academia, tech hubs, and regulators, NITDA seeks to position Nigeria as a global leader in blockchain compliance.
  
Agama noted that the SEC has also taken proactive steps by granting approvals in principle to select blockchain firms through its Accelerated Regulatory Incubation Program (ARIP) and Regulatory Incubation (RI) framework.
  
He emphasised the importance of compliance practices that go beyond basic regulatory requirements to uphold industry integrity. Ozinegbe, who is also the Lead Facilitator of the Blockchain Compliance Training, stated: “Blockchain compliance is no longer optional; it is the foundation for a sustainable and trustworthy industry. As the blockchain ecosystem grows, so do the risks of misuse and regulatory challenges. This training is a call to action for operators, regulators, and practitioners to collaborate, bridge the gap between innovation and regulation, and embed a culture of ethical practices. By equipping professionals with practical compliance skills, we are shaping a safer, more transparent, and globally competitive blockchain ecosystem for Nigeria.”
  
CEO of Pengage Finance and a participant in the training, Simeon Nofa shared his perspective: “When I entered the blockchain industry in 2017, the idea of regulations and blockchain coexisting seemed almost impossible. On one hand, many players resisted regulation, which appeared to conflict with the decentralization ethos driving cryptocurrency. However, the evolution of the industry toward sustainability highlights that an appropriate regulatory framework fosters safety and trust. This training is a significant milestone for Nigeria’s virtual asset ecosystem.”