The Nigerian government plans to tokenize real estate to increase revenue

ChainCatcher news, the Lagos State Government of Nigeria has announced a real estate tokenization program that leverages blockchain technology to enhance the transparency, efficiency, and transferability of real estate transactions. The tokenization program will last for 16 months, led by the Ministry of Science and Technology, in collaboration with various agencies and partners. These agencies will utilize a budget of 500 million Naira (314,465 USD) allocated by the state government to support the program.