Nigerian Ministry Partners with Ethereum Layer 2 INTMAX to Support Blockchain Innovation

Edo State, Nigeria — 27th August 2024 — The Ministry of Digital Economy, Science and Technology Edo State, Nigeria, has formed a strategic partnership with INTMAX, the leading developer of Ethereum Layer 2 solutions. This collaboration comes amidst Nigerian pressures on the cryptocurrency industry, underscoring the commitment of Edo State to digital transformation and innovation.

This partnership grants INTMAX a significant opportunity to work directly with the Edo State Government, establishing a strong presence across various government parastatals. The primary focus of the collaboration is on capacity building within the state’s digital ecosystem, which will empower Edo State to leverage cutting-edge technologies and protocols for enhanced governance and service delivery.

The partnership is particularly relevant to government officials, civil servants, technologists, blockchain developers, and other stakeholders in the digital economy. Edo State, by engaging with INTMAX, aims to set a new benchmark in digital transformation, inspiring other regions to follow suit.

Despite regulatory pressure compelling several cryptocurrency projects to cease operations in the Nigerian market, the partnership with INTMAX demonstrates Edo State’s determination to support blockchain innovation. The state recognizes the benefits that blockchain technology can bring in providing greater transparency and efficiency in the administration of essential government services.

The Honourable Commissioner for the Ministry of Digital Economy, Science and Technology Edo state, Hon Ifaluyi Isibor said: “We look forward to working with INTMAX to develop practical solutions that will enhance Edo State’s ability to deliver key services. This partnership provides us access to a secure and low-cost network that can be used for everything from payments to record-keeping, and we’re confident that the collaboration will yield tangible results while showing that Nigeria remains receptive to blockchain technology.”

Clarification: It is important to note that the Edo State government and its representatives do not hold any assets in cryptocurrency managed by INTMAX. This partnership is solely dedicated to capacity building and digital transformation initiatives within the state.