By Muhammad Sabiu
President Muhammadu will tomorrow Monday unveil the Central Bank Digital Currency (CBD), also known as eNaira, at the State House in Abuja.
Nigeria’s apex bank, in a statement by its spokesperson, Osita Nwasinobi, said this is part of the efforts to ease financial transactions among Nigerians
“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 [the] payments system in order to make financial transactions easier and seamless for every strata of the society.
“Following a 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,” Mr Nwasinobi said in the statement.
Recall that the launch of the eNaira was early on announced to be held on October 1, but the bank later rescheduled it, citing events to be observed in the celebration of the country’s independence as the reason.
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