Across the world, blockchain technology is being used to solve real problems — and Nigeria is no exception. From fintech to farming, Nigerian startups are stepping up and using blockchain in creative ways that improve everyday life.

While the conversation around blockchain often focuses on cryptocurrency, what’s happening on the ground in Nigeria tells a bigger story. Local innovators are working towards applying blockchain to real-world challenges.

The recently published “Nigeria Web3 Landscape Report 2024” by Hashed Emergent offers powerful evidence of the country’s momentum. Most notably, Nigeria now contributes 4% of all new global Web3 developers, the highest from Africa, showcasing the country’s deep pool of youthful, tech-savvy talent.

Real Solutions, Real Impact

1. Fintech: Cross-Border Payments Made Easy

Sending money across borders can be expensive and slow. But Nigerian blockchain startups are changing that. By using decentralized financial tools, these platforms are offering faster and cheaper international payments — especially for freelancers, small businesses, and families supporting loved ones abroad.

2. Agriculture: Supporting Farmers with Transparency

In rural areas, farmers often struggle with trust and market access. Blockchain is making it possible to track food supply chains, verify product origin, and build smart contracts that ensure fair payment once crops are delivered. This builds confidence and improves the livelihoods of smallholder farmers.

3. Education: Verifiable Credentials

Fake certificates are a real problem in Nigeria and beyond. With blockchain, schools and institutions can issue tamper-proof certificates that employers or foreign universities can verify instantly. This makes it easier for graduates to prove their achievements and apply for opportunities.

4. Identity: Access to Services through Digital IDs

Many Nigerians still don’t have formal identification, limiting their access to financial services, healthcare, or voting. Blockchain-backed digital identity systems can provide secure and portable IDs — even for those in rural areas — while protecting personal privacy.

The Challenges Still Ahead

Despite all this progress, some challenges remain.

Funding and grant awareness: Many blockchain startups in Nigeria struggle to raise funds. They may not know where to find grants or how to apply to international programs that support Web3 innovation.

Technical capacity: It’s one thing to have a great idea, but scaling a blockchain startup takes developers, designers, marketers, and legal experts. Finding this talent locally can be tough.

Public trust: Due to past crypto-related scams or confusion around digital assets, some people are still cautious about blockchain. Building public confidence is essential.

SiBAN’s Role: Lifting Local Builders

At SiBAN, we’re committed to supporting Nigerian blockchain startups and developers. We do this by:

• Promoting trusted projects through events, demos, and our innovation radar.

• Connecting builders with investors and global accelerator programs, giving them access to funding, mentorship, and technical support.

• Advocating for fair, growth-friendly policies that help emerging sectors like Web3 and blockchain succeed.

• We believe in a future where Nigerian blockchain startups don’t just survive — they thrive and lead Africa’s digital transformation.

How You Can Get Involved

Are you building something in blockchain? Want to grow your idea or connect with the right people?

Here’s what you can do:

List your startup on SiBAN’s innovation radar to gain visibility and opportunities.

Attend SiBAN events to network, learn, and showcase your solution.

Apply for blockchain startup grants through SiBAN’s partner network — we regularly share updates and guidance.

Final Thoughts

The future of blockchain in Nigeria is already in motion. With the right support and ecosystem, these builders can scale solutions that make a real difference. At SiBAN, we’re here to make sure that happens — through advocacy, connection, and community.

Got a blockchain startup? Let’s connect.

Contact us at membership@siban.org or visit www.siban.org