Nigeria’s government is proposing to build a digital city in the country, as part of ongoing efforts to join the growing list of Blockchain Technology-driven economies.
The Nigerian Export Processing Zones Authority (NEPZA), has in this regard announced a partnership with a cryptocurrency exchange, Binance for the establishment of the virtual free zone.
NEPZA in a statement released during the weekend said that it will monitor the initiative to ensure similarity to Dubai’s virtual free zone.
The statement which was signed by the Agency’s Managing Director, Adesoji Adesugba, read “Our goal is to engender flourishing virtual free zones to take advantage of a near trillion dollar virtual economy in blockchains and digital economy,”
Adesugba added that the agency will support such initiatives with crypto-friendly laws, regulations, and tax incentives for crypto businesses.
This is in addition to widening employment opportunities in the country.