eNaira Has Put Nigeria in Global Spotlight - CBN

 

The Central Bank of Nigeria (CBN) has made it known that the introduction of the air, the digital form of the Nigerian legal tender, the Naira, last year has made many countries of the world want to do a similar thing. This is according to the statement made by the CBN Governor, Mr. Godwin Emefiele.

 

Looking back on the launch of the e-Naira, the app was made available on Google Play Store but was later dropped after a series of complaints from users. After the issues were resolved, it was restored.

 

Now, the apex bank, in a statement to unveil activities to mark the first anniversary of the digital currency, which was created under the Central Bank Digital Currency (CBDC), noted that some countries have had to understudy the system to herald theirs.

 

According to the Central Bank, the story of the eNaira is a success that brings satisfaction.

The implementation of the eNaira has put Nigeria in the global spotlight as one of the pioneers to deploy a CBDC into live production. This has continued to attract the interest of global stakeholders such as the IMF (International Monetary Fund (IMF), World Bank, other central banks, and the CBDC community. _ CBN Governor, Mr. Godwin Emefiele.

 

 To celebrate the eNaira anniversary, the CBN has announced to hold of a workshop that will feature a policy round-table discussion and a panel discussion on eNaira Adoption for Economic Growth.

 

The CBN said the aim of the seminar is to review the e-Naira implementation journey one year after, drive further adoption of the eNaira through public engagement, and facilitate global policy dialogue on CBDC to promote peer learning and benchmarking.

 

The bank urges members of the public to be part of the celebration to be streamed live on its social media channels.