Federal Government of Nigeria To Commence Tokenization of Assets Starting With The National Identity Number (NIN)

The National Identity Management Commission (NIMC), has said it will commence the implementation of tokenization of National Identity Number (NIN) by January 1, 2022, with the aim of protecting enrollees’ identities during verification, ensure data privacy and help tackle insecurity.

The Director-General/CEO of NIMC, Engr Aliyu Aziz while speaking at a One-day Stakeholders’ Workshop on National Identification Number (NIN) Tokenization Solution, said the NIN Tokenization ensures inclusiveness.

“The Federal Government has adopted the solution to ensure the privacy of personally identifiable information of individuals during verification transactions and to reduce incidences of illegal retrieval, usage, transfer, and storage of NIN. Full implementation commences 1st January 2022, he said.”

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Can we learn more about this?

It is great that modern methods and solutions are being adopted. My only hope is that they can be successful with it