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The Central Bank of Nigeria, CBN, says by Monday, the Proposed e-Naira(electronic currency) will be unveiled.
This follows series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and a cross-section of Nigerians.
In a statement, 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 statement said the unveiling marked the first step in that journey, which would continue with a series of further modifications, capabilities and enhancements to the platforms.
The CBN stated that it would continue to work with relevant partners to ensure a seamless process that would benefit every user, particularly those in the rural areas and the non financial included population.
Since the eNaira is a new product, and among 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,” the CBN said.
Following Monday’s formal launch by the President, the CBN stated that it would further engage various stakeholders as it entered a new age consistent with global financial advancement.
It added that the theme of the eNaira is ‘Same Naira, more possibilities,’ and that more details could be got on enaira.gov.ng.
