Bola Tinubu, the All Progressive Congress (APC) presidential candidate, says his administration will encourage the use of blockchain technology in finance and cryptocurrency assets if elected to office.

block chain technology is an advanced database mechanism that enables transparent information sharing within a network.

In 2021, the Central Bank of Nigeria (CBN) ordered all banks in Nigeria to close the accounts of individuals or entities involved in cryptocurrency transactions within their systems.

Explaining the decision, Godwin Emefiele, CBN Governor, said he was in the best interest of the citizens.

Speaking at a town hall meeting with young people in Abuja on Friday, Tinubu said his administration would implement policies that would allow them to take advantage of opportunities in ICT.

“I promise a thriving digital economy where those interested in pursuing integrity careers in ICT will be able to do so,” he added.

“We will also ensure that Nigeria can take more advantage of relatively recent innovations such as blockchain technology.

“I promise to invest in the infrastructure necessary to fuel an already successful entertainment industry. Working with private sector partners, we will close existing gaps to build modern media centers and upgrade existing entertainment venues and stadiums across the country to world-class standards.

“My administration will reform the education sector by focusing on quality, access, financing, management, effectiveness and competitiveness.

“I promise, we will provide a good and quality education in tune with the demands of the 21st century.”

Tinubu also said that under his administration, youth would become the main catalysts in driving economic prosperity.

“You will be empowered for individual and collective success. There will be opportunities in all areas, and they will be for you. Let’s go together,” she said.