Introducing BACFID

BACFID is the innovation-support arm of SiBAN, Nigeria’s blockchain association. Launched at the maiden P2P Conference 2022, BACFID’s mission is to support blockchain & crypto innovations by creating avenues for access to funds and supporting project development, particularly local projects across key industries in order to secure Nigeria’s future in blockchain technology.


To position local innovators in Nigeria’s emerging blockchain industry for global competitiveness and relevance


To serve as a leading platform through which new and upcoming blockchain-technology innovators in Nigeria will have the opportunity to access adequate support, including funding, in a structured manner towards the development of their blockchain technology projects. To realize this mission, BACFID will partner with incubators, accelerators, hubs, venture capitalists, and other strategic stakeholders who support blockchain & crypto innovation, funding, and development.


  • As the innovation arm of SiBAN, Nigeria’s self-regulatory blockchain association and the “best blockchain association in Africa” (Nigeria FinTech Week 2021), you can be rest assured that you are in the right company.
  • BACFID’s project review process offers your project useful feedback, guidance, and advice regarding building your project, based on our collective expertise and experience.
  • If your project is considered eligible, BACFID provides your project with opportunities for funding from our local and foreign funding partners.
  • When you work with BACFID, your project, if found eligible, will enjoy endorsement and support from blockchain industry stakeholders in the SiBAN community, giving your project a huge boost.

For more information about BACFID, download slide here.

If you have any enquiries, including interest in partnering with BACFID, please contact