Дата публикации: 18-07-2026 00:00:00

The rapid growth of the metaverse which is a virtual space that integrates augmented
reality, virtual reality, and blockchain technologies brought immense economic
opportunities and challenges across the world. While developed nations increasingly
position to leverage these opportunities, developing countries like Nigeria may face
unique obstacles in utilising the metaverse technology. It is in this regard, that this
study examines the legal and regulatory issues as it concerns the economic challenges
posed by the metaverse in Nigeria's economy, indicating how regulatory gaps,
infrastructure limitations, and inadequate legal frameworks can serve to impact
economic participation in the growth of virtual spaces. Concerning this, the study will
employ the use of doctrinal methods of study, relying on primary and secondary
sources of research materials. The data obtained from these sources were analysed
using a descriptive and analytical method of study. The study found that the concept
of metaverse has gained global recognition, and it could aid in the development of the
Nigerian economy. The study further found that several legal and social issues may
arise in utilising the metaverse concept in the Nigerian economy. Given the review of
current legislation on virtual assets, decentralized finance, and immersive digital
interactions, these challenges include data privacy, digital property rights, taxation,
consumer protection, and cybersecurity. Hence, the study, therefore, concludes and
recommends that there is a need for Nigeria to implement a decent regulatory
approach, considering both rights and interests when operating its economy through
metaverse technology and economically maximizing the opportunities the metaverse
technology presents to Nigeria.

Основное содержимое страницы с новостью.

Схожие новости