President Muhammadu Buhari is scheduled to formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, on Monday 25 October 2021, at the State House, Abuja, POLITICS NIGERIA has learned.
The launch of the eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of payments system in order to make financial transactions easier and seamless for every strata of the society. Following series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and indeed, a cross section of Nigerians, the CBN designed the digital currency, which shall be activated on Monday, October 25, 2021.
The eNaira therefore marks a major step forward in the evolution of money and the CBN is committed to ensuring that the eNaira, like the physical Naira, is accessible by everyone.
Given that the eNaira is a journey, the unveiling marks the first step in that journey, which will continue with a series of further modifications, capabilities and enhancements to the platforms. The CBN will continue to work with relevant partners to ensure a seamless process that will benefit every user, particularly those in the rural areas and the unbanked population.
Since the eNaira is a new product, and amongst the first CBDCs in the world, we have put a structure to promptly address any issue that might arise from the pilot implementation of the eNaira.
Accordingly, following Monday’s formal launch by the President, the Bank will further engage various stakeholders as we enter a new age consistent with global financial advancement.
The theme of the eNaira is: “Same Naira, more possibilities”.
Wow this quiet impressive
Does this e-naira elevate the value of our currency our Naira value or is it not just anther waste of money or another system of embezzling our money as OBJ brought polymers N50&N20 notes which he printed at N50/pc then,in fact OBJ have been milking and sucking his country since1977 after the death of MURTALA MOHAMMED,HIS 1st amendment to Murtala’s plan was returning of cancelled FESTAC77 by his superior officer Murtala and banning of importations of essential 75 items from Nigeria that time and year he budgeted N50m as annual budget then and start encouraging corruption as our economy started nose-diving into the ocean that time while all manufacturers started leaving the country after introduction of indegenisation decree then(the records are there if not destroyed), pls explain what’s the essence of this e-naira and what’s its impact in our lives and value? Pls answer these questions thoroughly THANKS
Wow congratulations to we Nigeria is a great news thank God finally, God bless Nigeria