The inaugural Naija Bitcoin Conference 2024 has concluded, marking a significant milestone in Nigeria’s burgeoning cryptocurrency sector. This event is poised to accelerate the country’s economic growth by driving Bitcoin adoption and innovation.
Key speakers, including Oluwasegun Kosemani, Director General of the Securities and Exchange Commission (SEC) Nigeria, outlined strategies to harness Bitcoin’s potential. These include leveraging stranded energy for Bitcoin mining, exploring Bitcoin Lightning for swift international transactions, and utilizing Bitcoin as a tool for job creation and wealth generation.
Kosemani also proposed an innovative approach to address Nigeria’s $91 billion debt. By investing in Bitcoin and holding it as a long-term monetary reserve, the country could potentially alleviate its financial burden.
“We are excited to have launched Nigeria’s first Bitcoin conference. With the support we’ve received, we can build on this momentum. Bitcoin is for everyone, and we are committed to ensuring it becomes accessible to all Nigerians through comprehensive education,” said Kosemani.
The conference, held from December 5-7 at PopHAUSE Lekki Lagos and Wave Private Beach Elegushi, featured a diverse range of activities, including a hackathon, talks, panel discussions, and a private mixer.
Prominent figures such as Ademola Osunba, Simon Peter, James Otudor, Don Etienne, and numerous Bitcoin developers and educators contributed to the event’s success.
Obinna Iwuno, President of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), emphasized Bitcoin’s potential as a lucrative asset and a reliable store of value. He encouraged both foreign investors and local entrepreneurs to develop innovative Bitcoin-based products and services.
“Bitcoin stands as Nigeria’s most lucrative asset and the most effective way to save money. This conference has unlocked numerous opportunities for Nigerians, and we are already planning an even larger event for 2025,” he said.
The Naija Bitcoin Conference is an annual gathering organized by the Naija Bitcoin Organization. It aims to promote Bitcoin adoption in Nigeria by fostering education, innovation, and collaboration within the Bitcoin ecosystem.