SlBAN and Roqqu Unite for Blockchain Growth in Nigeria

Strategic Collaboration Between SIBAN and Roqqu to Boost Blockchain Adoption in Nigeria

A significant development has taken place in the Nigerian blockchain and fintech landscape as the stakeholders of the Blockchain Technology Association of Nigeria (SIBAN) have formed a strategic partnership with Roqqu, a prominent African digital finance and blockchain solutions provider. This collaboration marks a key step toward advancing the integration of blockchain technology within the country’s financial ecosystem.

The partnership comes after Roqqu was admitted as a corporate member of SIBAN. Both organizations are now working together to accelerate the adoption of blockchain technology and foster a transparent and sustainable digital asset ecosystem in Nigeria. Their joint efforts will focus on three core pillars: education, innovation, and regulatory engagement.

Focus Areas of the Partnership

One of the primary goals of the collaboration is to enhance blockchain education. SIBAN and Roqqu plan to co-develop training programs tailored for blockchain developers as well as the general public. These initiatives aim to equip individuals with the knowledge and skills necessary to participate in the evolving digital economy.

In addition to education, the partnership will involve organizing awareness campaigns and policy engagement sessions. These activities will help raise public understanding of blockchain technology and its potential applications. Furthermore, both organizations will work closely with relevant regulatory agencies to ensure that blockchain solutions are implemented responsibly and in compliance with local laws.

Shared Vision for a Credible Blockchain Ecosystem

The collaboration reflects a shared vision between SIBAN and Roqqu to build a credible blockchain ecosystem that supports national development. According to Obinna Iwuno, the president of SIBAN, the partnership is a crucial step in creating an environment where blockchain can thrive and contribute to economic growth.

For Roqqu, this partnership aligns with its long-term strategy to expand across Africa and beyond. The company currently operates in several African countries, including Nigeria, Ghana, Kenya, and South Africa. Recently, Roqqu secured a virtual currency license in the European Economic Area (EEA), highlighting its ambition to increase its global presence.

Roimot Ajiboye-Ibitoye, the chief compliance officer of Roqqu, emphasized the importance of the collaboration in building a responsible blockchain future in Nigeria. She stated that through their partnership, both organizations are not only promoting blockchain adoption but also actively developing the frameworks, trust, and education needed for it to succeed in a responsible manner.

Industry Reactions and Future Prospects

Industry experts have welcomed the partnership as a milestone for Nigeria's fintech and blockchain sectors. These sectors have experienced growing interest, but they continue to face challenges such as regulatory uncertainties and low levels of user awareness.

By addressing these issues through education, innovation, and regulatory engagement, SIBAN and Roqqu are positioning themselves as key players in shaping the future of blockchain in Nigeria. Their efforts could pave the way for more widespread adoption and greater confidence in digital assets.

As the collaboration progresses, it is expected to serve as a model for other organizations looking to harness the potential of blockchain technology while ensuring responsible and sustainable development. The partnership underscores the importance of collaboration between industry leaders and regulatory bodies in driving technological progress and economic growth.