CBN and other partners were working round the clock to ensure a seamless process that will be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population
ABUJA – Ahead of the anticipated launch of Nigeria’s Central Bank Digital Currency (CBDC), known as eNaira, the Spokesman of the Central bank of Nigeria (CBN), Mr. Osita Nwanisobi, says the planned unveiling on October 1, 2021 has now been deferred due to other key activities lined up to commemorate the country’s 61st Independence Anniversary.
Speaking with newsmen in Abuja on Thursday, September 30, 2021, Nwanisobi explained that the CBN took the decision to postpone the launch, which had been initially planned to coincide with the Independence anniversary, in deference to the mood of national rededication to the collective dream of One Nigeria.
While assuring that there was no cause for alarm, he said the CBN and other partners were working round the clock to ensure a seamless process that will be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population.
Highlighting the benefits of the eNaira, Nwanisobi stressed that Nigerians would be able to carry out peer-to-peer transfer to another person’s eNaira wallet as well as pay for goods and services at selected merchants. He added that the eNaira would also help reduce the use of cash and ensure stability of the Nigerian economy.
On the readiness of banks and other financial institutions in the financial ecosystem for the launch of the eNaira, he reiterated that eNaira was a journey, explaining that not all banks customers were expected to commence transaction on the day of the launch. He, however, assured that financial institutions in Nigeria remained key actors and were a critical part of the Central Bank Digital Currency (CBDC).
Nwanisobi also noted that the CBN was mindful of concerns expressed about the eNaira, being among the first CBDCs in the world. According to him, the Bank had put a structure in place to promptly address any issue that might arise from the pilot implementation of the eNaira
more recommended stories
FG Removes Excise Duty For Telecoms Services
The Federal Government has announced the.
Monitoring Nigeria’s Cyberspace Before, During, And After The 2023 Gubernatorial And State Assembly Elections
Press Statement The Honourable Minister.
Zulum At Izge: Aids 4,000 Residents; Approves 6 Patrol Vehicles, Road
… To resettle Yamtake, Bita, Modube.
NIMASA DG INSTALLED AS THE “BAATONA” OF AKURE KINGDOM
…It is an Appreciation of His.
Saturday poll: Nasarawa South Resolves To Deliver Engineer Sule, APC Candidates
…As Senator Al-makura Reaffirms Support For.
Just in: Engineer Sule Appeals To Nasarawa Citizens To Accept Old 500, 1000 Naira Notes
…Says it’s Still Legal Tender Till.
Water, Health Ministries Sign MOU …Outline Responsibilities Towards Ending Open Defecation
…As FG Reiterates More Collaborative Efforts.
NPA lauds union over workers’ salary increase
The Nigerian Ports Authority (NPA) has.
Our Government Will Serve The People Of Nigeria
_Being Text of the Speech.
Engineer Sule Condemns Calls For Resignation Of APC National Chairman
…Describes Moves As Unnecessary, Unfair Nasarawa.
Leave a Comment