The Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu has lauded the new Block-chain technology which he said can help make electronics transmission of election results possible through data protection and accuracy.
Block-chain technology is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.
Onu stated this when the Management of Serve Lead Global, led by their Chief Executive Mr. Oyewole Joledo paid a courtesy visit to his office on Monday, in Abuja, adding that the technology will also make it possible for government finance and other sensitive data to be protected.
He said that the Federal Government is working hard for Nigeria and by extension Nigerians, to be actively involved in all areas of technology and Innovation development.
Onu said that Nigeria needs to grow its private sector as it is the key to helping the nation solve its problems. , “It is when our private sector is strong that we can now be in a position to offer employment opportunities to all Nigerians who want to work”.
He further stated that ‘Serve Lead Global Management’ is working in this area, which has tremendous potential in terms of job and wealth creation.
Onu indicated that President Buhari’s promise of lifting over 100million Nigerians out of poverty would be realized through block chain technology.
He assured that FMSTI will support any child or youth to achieve their technological breakthrough in technology acquisition and innovation.
Earlier, The Chief Executive officer of the Lead Global management told the Minister that Lead technology is set to facilitate trackable transactions and would want to know how to apply this technology and educate people about it.
He further said that they are planning to open an educational hub for youths in Abuja and would want the ministry to partner with them so as to be in a position to create employment for youths.