Aliko Dangote Varsity To Use CBN's e-Naira For Tuition Payment

The recently introduced e-naira will be used to pay tuition at Aliko Dangote University of Science and Technology in Wudil, Kano.

After approving the suggestion, The Vice-Chancellor of the university, Professor Musa Tukur Yakasai, stated that the policy would be executed after consulting with the state administration.

The Central Bank of Nigeria in Kano brought the mobilization to the campus in an effort to increase awareness and entice more subscribers to the e-naira program.

The Kano Branch Controller of the CBN, Umar Ibrahim Biu, urged the university community to utilize the new E-wallet system in its payments of tuition, salary, and other transactions during a speech in the office of the Vice Chancellor, Alhaji Musa Tukur Yakasai, on Tuesday.

He described how the university community must transition to a cashless system for increased efficiency and financial stability using the e-naira project.

“The e-naira is a trend blazer now, is something that has come to stay and we are trying to make sure that everybody is brought onboard. That is why we are doing this intervention.

“We have done it with so many merchants, we’ve gone into markets, we’ve gone into so many places, now we are coming into the institutions.

“We’ve been to University of Nsukka, University of Jos and now we are here in Aliko Dangote University of Science and Technology to also sell the idea of the E-Naira wallet to both the students and staff of the institution and the institution.

“Our target is where the students can use the facility to pay their tuition fees and other payments through the E-Naira wallet.

“This will help the students a lot, it’s the safest way of handling your funds. Nobody will steal it, it will eradicate corruption. One does not need to carry huge amount of cash. “There’s financial inclusion; they get included in the financial statement. Is part of the financial literacy campaign.

“The Vice Chancellor wholeheartedly accepted it. With e-naira they can get up to five per cent back on every payment they make.

"The money doesn’t go like that; they save something out of it. There are a lot of other incentives they can enjoy,” the CBN Controller stated.

Responding, the Vice Chancellor, who represented the university, assured that the institution will adopt the e-naira initiative.

“We appreciate the idea of the CBN coming to launch the E-Naira initiative in this institution.

“This is a University of Science and Technology where our students are already e-confirmed. They are doing a lot of things, some of the academic activities are via e-platforms. So it is very easy for students to adopt this e-era.

“Some of the questions people ask are cleared by the bank. Especially the fear of losing money to hackers and other things like that.

“We now understand the e-naira and are now convinced, and we will call on our students and other stakeholders to key into this initiative. It makes it easier for everyone to operate without having to move with a lot of cash” the Vice Chancellor stated.