Nigerian blockchain and data specialists have offered their perspectives on the National Information Technology Development Agency's (NITDA) initiative to create a local blockchain called 'Nigerium.' This ambitious endeavor aims to safeguard data sovereignty and enhance national security. However, stakeholders emphasize the importance of ensuring that the Nigerium project is developed domestically, utilizing local talent and addressing key infrastructure and policy hurdles. Nathaniel Luz, CEO of Flincap, stressed the significance of Nigerian professionals leading the project, highlighting the country's potential in global blockchain initiatives. Despite supporting the initiative, Luz warned against overlooking essential groundwork, citing issues faced by the eNaira digital currency project. Another expert, Obinna Uzoije, praised NITDA's efforts but urged improvements in data collection practices to enhance state capacity. Nigeria's interest in blockchain technology is evident through recent policy restructuring and plans to establish research centers focusing on emerging technologies like blockchain. Read more AI-generated news on: https://app.chaingpt.org/news