Blockchain Nigeria User Group

Blockchain Nigeria Group (BNUG) is considered the most important institution in West Africa, tasked with integrating crypto technologies. The essence of the institution’s work is to scale blockchain usage, increase the popularity of digital currencies, and foster decentralized mechanisms. This organization implements Blockchain technology in educational and entertainment activities, in close cooperation with local authorities and private enterprises. BNUG strives to standardize the application of blockchain technologies by integrating distributed ledgers with the country’s economic mechanisms.

The instability of the economy and the national currency, in particular, demands effective response methods. In such a case, the implementation of blockchain in Nigeria is an ideal solution. eNaira – Africa’s first central bank cryptocurrency – replaces fiat money. BNUG’s influence played a key role, as the organization acted as an intermediary in mutually beneficial cooperation between developers, investors, and the governments of the West African region.

The integration of digital technologies is of interest not only to tycoons but also to young startups, financial business owners, media, educational institutions, and other segments of the economy. This approach accelerates communication and payment processing using decentralized currency, allowing the economy to grow without the levers of inflation.

At the same time, the rapid expansion of digital assets has also influenced the entertainment industry, where blockchain is now applied in gaming platforms and even the crypto casinos, giving users fast, secure, and transparent transactions.

About Blockchain Nigeria Group

The Blockchain Nigeria User Group emerged in 2016 as a community of enthusiasts for digital technology. Chimezie Chuta is considered the main founder of the institution. He was involved in integrating cryptocurrency in Nigeria, serving as an advisor on crypto projects in collaboration with the government and private companies. Today, BNUG is based in Lagos and has the following characteristics:

The organization’s goal is to develop methods and solutions using blockchain technologies for all segments of Nigeria’s economy. This includes Blockchain education, where crypto technologies facilitate the organization of online courses and seminars. In close cooperation with state-owned enterprises and banks, a team of experts plans to develop technological solutions to simplify payments and communications between company departments.

The political promotion of digital currencies like eNaira will ensure the creation of tools to regulate their circulation. The drive for innovation encourages startups and also helps create hackathons and motivates them to obtain grants.

BNUG develops avenues for cooperation and expands its audience of partners, working with enterprises such as:

• NITDA (National Information Technology Development Agency): Promotes blockchain and other technologies at the highest state level.
• CDIN (Centre for Digital Innovation Nigeria): Participates in the development of crypto projects in the education sector.
• Nigeria Blockchain Alliance: Addresses legal aspects and technological support for the sector.

The organization boasts a long list of achievements. For example, the Blockchain Africa Conference is held annually, attracting international experts. The company hosts numerous local hackathons and meetups. Based on the development trends of young specialists, the organization supports startups in the region, providing access to investments.

Training and courses on blockchain programming and Web3 are also conducted. Movement activists strive to participate in discussions about the need to create methods for regulating local cryptocurrencies and developing new private digital assets.

The Role of Blockchain in Nigeria

Blockchain development and its advancement today are a strategic goal of the Nigerian government, aimed at driving the country’s digital transformation. The unstable economy and declining trust in state institutions push investors to analyze the cryptocurrency market. Unique blockchain mechanisms ensure more transparent financial operations, increased efficiency of state processes, and the development of private enterprises based on crypto technologies.

The most important step towards achieving this goal was the launch of eNaira. This digital state currency of the Central Bank of Nigeria was issued in cooperation with Bitt Inc. Technically, the new cryptocurrency is built on a Hyperledger Fabric foundation, which is part of an authorized enterprise blockchain network.

Through this, the banking institution can monitor money transfers, ensuring the scalability of blockchain usage. However, the launch of eNaira is currently being conducted with maximum caution to provide a thorough understanding of digital asset operations for their further promotion across all spheres of the country.

The National Blockchain Policy, approved in 2023, has become a defining factor in Nigeria’s development. It involves the creation of land registries, verification of educational certificates, the establishment of logistics routes, and a large-scale fight against corruption. To protect cadastral data in Lagos, advanced digitalization methods were employed, ensuring the reliable protection of property rights.

In the financial industry, Blockchain startups play a crucial role, as they facilitate micro-lending. The application of technology such as smart contracts ensures fast payment operations without involving banking institutions, and thus with minimal commission.

The Blockchain Nigeria User Group monitors the improvement of the digital industry’s situation and serves as a driving force for change. For example, since 2017, the first Blockchain Conferences have appeared in Lagos. They are then held in Abuja and other Nigerian cities, where startups eagerly present their projects and receive approval from investors and authorized government officials.

The organization actively participates in educational development, creating relevant content based on Netlify and publishing educational materials on Telegram channels. Webinars are also conducted on platforms such as Solidity and Hyperledger for effective management of cryptocurrency projects.

As mentioned, cooperation with CDIN and NITDA, as well as the Nigeria Blockchain Alliance, positively influences the integration of the latest solutions and the creation of hackathons. Thanks to the application of Ethereum Layer 2 technology, BNUG has solved problems with logistics and voting. This means that the organization’s specialists actively use modern methods to popularize digital technologies in Nigeria, including cryptocurrencies and blockchain.

Opportunities for Participants

As noted, the BNUG organization has set a goal of blockchain adoption in all areas of Nigerian business, guaranteeing support for startups and other enthusiasts. By fostering an environment of innovative technologies and scaling crypto projects, the institution also expands the blockchain community, uniting ordinary participants, experienced developers, and investors with substantial financial assets. Given its active participation in aggregators like LinkedIn, Telegram, and Discord, the platform increases the volume of interesting information and knowledge, pushing startups to improve their projects.

Blockchain Nigeria User Group (BNUG) represents an open platform focused on supporting all categories of blockchain community participants: from aspiring enthusiasts to experienced developers and venture investors. Through active presence on platforms such as Discord, Telegram, LinkedIn, and by publishing on Medium, the organization facilitates knowledge exchange, project collaboration, and support for innovative ideas.

Additionally, the BNUG expert team constantly conducts seminars and online courses, publishes scientific articles on Nigerian crypto topics, creates technical materials, and discusses legal factors for regulating digital technologies on the African continent. Projects encompass the development of decentralized applications (dApps) and the circulation of cryptocurrencies in the region.

Company activists engage in direct communication with other communities and ecosystems through messengers and social networks, including Instagram, Facebook, Telegram, and Discord. Discussions are conducted in English and moderated by local administrators, ensuring that specific content is tailored for the local audience.

Blockchain Nigeria User Group pays special attention to education and fostering interest in digital technologies among the younger generation. Events like Women in Blockchain Nigeria ensure increased involvement of female enthusiasts in the digital technology industry. Therefore, BNUG is engaged in more global activities to popularize blockchain, creating a comprehensive and robust ecosystem where every participant will find their place, resources for development, and detailed information.

Regulatory Aspects and Responsible Use

The rapid development of blockchain innovation in Nigeria is largely attributed to government support and the enactment of relevant laws. For instance, in 2023, the National Blockchain Policy was developed in collaboration with the National Information Technology Development Agency. This document confirms the creation of strategic goals for blockchain development across various segments of the country, including the financial sector, education industry, agriculture, effective data management methods, and the fight against corruption. In this regard, the main regulators are:

• NITDA: Engaged in digital transformation and the development of blockchain usage standards.
• CBN (Central Bank of Nigeria): Oversees transaction execution and the circulation of eNaira.
• SEC (Securities and Exchange Commission): Conducts licensing procedures and monitors the activity of tokenized assets.

The official BNUG website features a substantial amount of educational materials, as well as information on blockchain events, tips for protecting against hacking, KYC/AML methods, and other guides for wallet development and operating decentralized applications. This approach significantly simplifies the lives of startups and also helps prevent fraud in the digital technology sector.

Blockchain Nigeria Group plays a key role in promoting the principles of responsible use of digital technologies. Through online courses and seminars on Medium or Discord, information shared on the Telegram messenger, and offline conferences, the platform enhances the awareness of Nigerian residents about the legal aspects of work, security, and technological innovations. The company participates in national forums, influencing the general public and disseminating knowledge about blockchain.

Given the emergence and rapid development of Web3, the organization acts as a connecting factor between Nigerian enthusiasts, startups, and government bodies. This close connection has a positive impact on the development of a robust ecosystem, providing a solid legal foundation for implementing blockchain projects.

The Future of Blockchain Nigeria Group

The regular emergence of new trends and technologies enables BNUG to implement innovations based on core blockchain technologies, ensuring better interaction among logistics chains, healthcare institutions, and financial sector enterprises. The organization’s team strives to spread solutions in the field of blockchain investment, providing a fresh influx of capital for Nigerian startups, as well as attracting international companies and venture funds.

The main idea behind Blockchain Nigeria Group’s activities in this direction is to promote financial inclusion in areas where cryptocurrency technologies are least known, such as the agricultural sector and sparsely populated regions. This approach will solve the problem of complex banking services through decentralized solutions.

This organization plans a significant renovation of its official website. Today, developers are working on creating multilingual interfaces to ensure linguistic accessibility for speakers of Hausa, Yoruba, Igbo, and other languages. Integration with blockchain explorers will provide convenience for monitoring money transfers, participating in discussions of NFTs, and other local initiatives.

The company plans to build up partnerships with internationally registered blockchain hubs. This will help ensure financial inclusion and also make a global contribution to the work of the entire blockchain network. Platform agents visit popular forums like Consensus, where they share their ideas and discuss proposals from authoritative sources (Crunchbase or CryptoIndustry.com). This approach positively influences the formation of its reputation and enhances the authority of Blockchain Nigeria Group among international organizations, making the platform a leader in the Web3 and decentralization industry.

Blockchain & FutureTech Conference/ Exhibition, Lagos Nigeria

AN IMMERSIVE EXPERIENCE & GROWTH SUMMIT

Africa’s most advanced, impactful, immersive tech and hybrid conference of value and innovation, focusing on 4IR Techs, Crypto, DeFi, XR, Metaverse, Virtual Reality Art, Generative Art NFTs, Web3, GameFI, 3D Virtual Environments, Immersive Learning etc.

This is the 13th edition of a series of annual national Blockchain conferences organized by BNUG across Nigeria since 2025.

Immerse and Grow in FutureTech

The conference which will be held over a two-day period is expected to enable participants gain access to Virtual Reality Rooms, GameFi platforms, and interact with cutting edge innovations now sweeping the emerging future.

Expected to chair this year’s conference is Mr. Stanley Jacobs, former Business Development Manager for MasterCard Africa, VP FintechNGR, and Chief Executive at Stanbic IBTC Financial Services Limited. The Special guest of honor will be Mr. Kashifu Inuwa Abdullahi, Hon. Director General National Agency for Technology Development NITDA, while Prof. Pat Utomi, Founder/ CEO, Centre for Values in Leadership (CVL), Founding Senior Faculty, Lagos Business School-Pan African University is expected to deliver the Keynote address.

Great reasons to attend Blockchain & FutureTech Conference 2025

We’re on a mission to make a lasting impact, empower the blockchain community, and promulgate mainstream adoption.

• Industry experts. The 2025 Lagos Blockchain & FutureTech Conference will feature some of the top speakers from across the industry.
• Over 30+ talks. We have Blockchain Developer/ Crypto Trading Tracks to bring individuals together to learn about the best practices for trading cryptocurrency and Dapp development.
• Networking. We have never stopped building this ecosystem and this conference will be hosted on the strength of those early foundations. We have connect thousands to their destiny in the decentralized future!
• Biggest Blockchain & Crypto Conference in Africa. While growing this community here in Nigeria, we created the largest gathering of crypto investors and industry professionals in the entire country.

Conclusion

BNUG is a key participant in trends and activities related to blockchain regulation, developing innovative solutions to advance the blockchain ecosystem. Cooperation with global brands in the field of crypto technologies, as well as government organizations and local private companies, ensures the development of Nigerian startups and increases the involvement of young, active developers in the blockchain industry.

This platform is an ideal tool for enhancing Web3 knowledge, serving as an excellent means of educating the local population and disseminating the ideas of blockchain technologies in Nigeria. Numerous courses and online seminars, participation in conferences, and expert-level analytics allow for the creation of leaders in the decentralized economy, talented developers, and other ecosystem participants.