Nigeria’s National Blockchain Policy, launched in 2023 with a target of unlocking $40 billion in economic value, remains largely dormant. Industry experts note that while the government has shifted its focus toward regulating cryptocurrencies—most recently through the Virtual Assets Executive Order—the broader implementation of infrastructure to support blockchain technology has stalled. Critics argue that by prioritizing crypto oversight over the development of foundational digital infrastructure, Nigeria risks losing out on a potential $2 trillion long-term economic opportunity, including advancements in trade finance, digital identity, and government service delivery. The delay has also contributed to capital flight, as startups continue to seek more favourable regulatory environments abroad. Stakeholders are now calling for a transition from policy rhetoric to tangible institutional action to secure Nigeria’s position as a regional blockchain innovation hub.