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The Edo State Ministry of Digital Economy, Science, and Technology, under the leadership of Commissioner Honourable Ogbeide Ifaluyi Isibor, has partnered with global blockchain firm Intmax and Texas-based cybersecurity training company Summit Systems ISSP to train top government officials from various state ministries on blockchain and cybersecurity. This initiative, facilitated by Simeon Nofa Ogunnubi, CEO of Pengage Finance, offered valuable insights into blockchain, tokenization, and cybersecurity.

The one-day capacity-building workshop, held on August 26, 2024, at the John Odigie Oyegun Public Service Academy in Benin, included keynote speeches and lectures from representatives of the partnering companies. Honourable Ifaluyi Isibor emphasized the importance of adopting emerging technologies within the public sector, noting Edo State’s leadership as the first sub-national entity in Sub-Saharan Africa to fully implement e-governance and achieve a paperless administration.

During the workshop, Simeon Nofa Ogunnubi presented on “Blockchain Simplified for the Public Sector,” explaining blockchain’s relevance to government operations and dissecting the Nigerian National Blockchain Policy, which aims to foster job creation, financial inclusion, talent development, and innovation. Intmax’s Country Head, Philip Asaya, delivered a lecture on “Intmax Blockchain and the Public Sector in Nigeria,” highlighting Intmax’s commitment to providing cutting-edge infrastructure and solutions. Sven Moella, Intmax’s Chief Strategy Officer, joined virtually from Switzerland to discuss the tokenization of real-world assets, while Glory Praise and Emmanuel Asabor from Intmax demonstrated the company’s role in public sector transformation. Summit Systems ISSP covered cybersecurity topics, including governance, risk and compliance, threat detection, and strategies to protect digital assets and infrastructure.

The initiative aimed to empower senior officials, decision-makers, and technical staff within Edo State ministries to leverage advanced technologies for economic development and digital transformation. By the end of the training, participants were equipped to implement and manage these technologies effectively, driving innovation and enhancing government efficiency.

A key highlight of the workshop was the signing of an agreement between the Ministry of Digital Economy, Science, and Technology and Intmax. This partnership grants Intmax a significant role in working directly with the Edo State Government, establishing a strong presence across various government departments. The collaboration focuses on capacity building within the state’s digital ecosystem, enabling Edo State to leverage advanced technologies for improved governance and service delivery.

This partnership is particularly significant for government officials, civil servants, technologists, blockchain developers, and other stakeholders in the digital economy. Edo State’s engagement with Intmax sets a new standard for digital transformation, encouraging other regions to follow suit.

Despite regulatory pressures that have led some cryptocurrency projects to exit the Nigerian market, Edo State’s partnership with Intmax underscores the state’s commitment to supporting blockchain innovation. The state recognizes the benefits of blockchain technology in enhancing transparency and efficiency in the administration of government services.

Honourable Ifaluyi Isibor stated, “We look forward to working with Intmax to develop practical solutions that will enhance Edo State’s ability to deliver key services. This partnership gives us access to a secure and low-cost network that can be used for everything from payments to record-keeping, and we are confident that our collaboration will yield tangible results while demonstrating Nigeria’s openness to blockchain technology.”

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