Babajide Sanwo-Olu, the governor of Lagos state has expressed his commitment to supporting tech industry in the state, including Blockchain technology and crypto currency.
Sanwo-Olu who has increased the tempo of his re-election bid made the commitment known in a video shared via social media.
“We recognise the importance of creating an enabling environment for innovation and tech-preneurs,” the governor said in the video.
“We are committed to working with all stakeholders to promote the growth of the tech and blockchain industry, including crypto in Lagos state.
“We are proud of the achievement of our young people and we believe that their success is a testimony to the potentials of our state.
We will continue to support them and curate opportunities for others to join them.”
Commenting on the video, Bright Enabulele …whose company founded Oduwacoin, the first pan-African cryptocurrency, stated that Sanwo-Olu’s admiration of blockchain isn’t surprising.
“Lagos is a vibrant and cosmopolitan city in Nigeria, with a population of over 20 million people, out of which about 60 percent are youth. In view of the number of startups in the state, I knew it’s just a matter of time.
“Should crypto become adopted in Lagos, the state would further be positioned as a hub for innovation and entrepreneurship, and one that provides greater access to financial services and opportunities,” Enabulele stated.
While encouraging the Sanwo-Olu government to develop a sandbox regulatory framework for crypto, the Oduwacoin founder maintained that as its adoption continues to grow, it will have a transformative impact on the region’s economy, creating new opportunities for businesses and individuals alike.
