Thursday, June 18, 2026

The Sun Nigeria

Olufemi Bamisile advocates clearer regulations for Nigeria’s cryptocurrency sector

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At a time when uncertainty continues to surround Nigeria’s cryptocurrency and digital asset ecosystem, leadership that provides clarity, direction, and structure has become more important than ever.

For many across the blockchain industry, that leadership is increasingly being associated with Hon. Olufemi Bamisile, Chairman of the NASS Federal House of Representatives Ad-Hoc Committee on the Economic, Regulatory and Security Implications of Cryptocurrency Adoption and PoS Operations in Nigeria.

When the Nigerian blockchain and crypto ecosystem faced questions around regulation, innovation, and economic impact, Hon. Bamisile was entrusted with a critical national responsibility: to study, understand, and guide the country toward a balanced regulatory framework that supports innovation while protecting national interests.

Rather than treating the task as a routine legislative assignment, he has approached it with the urgency and vision of a nation-builder.

Since assuming the role, Hon. Bamisile has actively engaged stakeholders across the ecosystem, ranging from developers, innovators, entrepreneurs, investors, and policy leaders, working to build bridges between government institutions and the rapidly growing blockchain economy.

His approach has been clear:
Nigeria must not stand on the sidelines of the global digital economy.

Instead, the nation must build systems that allow innovation to thrive responsibly while positioning Nigeria as a leader in Africa’s blockchain revolution.

This commitment was recently demonstrated when Hon. Bamisile attended Ibom Blockchain Xperience (IBX), widely regarded as West Africa’s largest blockchain campaign and one of the continent’s most influential blockchain gatherings.

His presence was not merely ceremonial.

During the event, Hon. Bamisile spoke passionately about the ongoing efforts within government, including initiatives supported by the President of the Federal Republic of Nigeria, to provide greater clarity, structure, and opportunity within the cryptocurrency and blockchain sector.

More importantly, he listened.

He listened to the founders.
He listened to builders.
He listened to the community driving Africa’s blockchain movement.

In a moment that resonated deeply with the ecosystem, Hon. Bamisile went beyond words.

After learning about the challenges faced in building and sustaining one of Africa’s most ambitious blockchain campaigns, he extended personal financial support of 10 Million Naira to the initiative, a gesture that symbolized not just encouragement, but genuine belief in the future of Nigeria’s blockchain ecosystem.

For many within the industry, that moment captured something deeper.

It reflected a rare alignment between policy leadership and grassroots innovation.

In Hon. Olufemi Bamisile, the Nigerian blockchain community is seeing something it has long desired