The Central Bank of Nigeria (CBN) has called on stakeholders and institutions to support and encourage the adoption of the e-Naira policy as a means of promoting cashless transactions and digital payments in the country.
CBN expressed concern over the low usage of the e-Naira platform, despite its introduction in 2021.
During a campaign and awareness session at the University of Uyo, the Akwa Ibom Branch Controller of CBN, Mercy Itohan Ogbomonpaul, appealed to the staff and students to embrace the e-Naira platform and utilize it for their transactions.
During the campaign and sensitization session at the University of Uyo, Elder Isang Agbomi Enya, representing CBN Controller Mercy Itohan Ogbomonpaul, highlighted the benefits of the e-Naira in addressing deficiencies associated with physical cash and aiding monetary policy decisions.
Enya emphasized the security of the e-Naira, making it more challenging for fraudulent activities to occur. He expressed the importance of Nigeria keeping up with global trends in e-payments and transitioning away from reliance on physical cash due to its costly replacement and management.
He mentioned that the e-Naira would provide valuable data for policy-making and urged everyone to embrace the platform to facilitate seamless business transactions.
In response, Prof. Nyaudoh Ndaeyo, the Vice Chancellor of the University of Uyo, expressed the institution’s willingness to partner with CBN on the e-Naira initiative. He also encouraged CBN to extend their awareness efforts beyond the university into local communities.
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