Blockchain Technology Can Help Solve Unemployment Challenge – Lagos Commissioner

Folashade Adefisayo, the commissioner of education in Lagos, has expressed that blockchain technology is a valuable skill that students and youths should acquire to enhance their employability globally.

She made this known at the recent cohort one graduation ceremony of the Blockchain Vibes Academy in Lagos, where she emphasized the need to reduce unemployment in Nigeria.

Adefisayo revealed that the Lagos state government had introduced various initiatives, including providing technical skills that enable young people to become not just employable but also employers of labor.

The commissioner believes that young people can help solve the country’s unemployment challenge with blockchain technology skills.

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“Now, I understand that blockchain is another skill that we can teach our students, which will make them eminently employable and I also believe it will make them employers and effective in the world we live in,” she said.

“It’s something that I will think through because even in our coding departments, we are developing a curriculum, and we have to teach our students many other things beyond just coding.

“But I can see now that we need to start going to even deeper technical things like the blockchain, and I am not going to just take the money for myself but to see how we can take advantage of the education we can use.

“Even as an educationist, I understand that we cannot go narrow about technology. Every sector now uses technology in multiple areas.”

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Femi Adegolu, the chairman of the Blockchain Vibes Academy, also spoke on the essence of the training.

He emphasized that education and innovation are critical in creating opportunities, and the graduates are expected to set the pace for innovation and build startups that will contribute to the growth and revenue of the country.

“The aim of the academy is to train people and also give them an opportunity for internships and also jobs. You know, education goes along with innovation. When you are educated, you are empowered and when you are empowered, you will want to innovate,” he said.

“So, in our ecosystem right now we are looking to create unicorns in the next two to three years. We want to raise startup founders in the blockchain academy that will raise $1 million or more and also attract foreign direct investments in Nigeria.

“When funds are raised, what happens is they are going to employ people and this would in turn have socio-economic impacts in Nigeria and even within Africa.”