CBN Plans To Make Payment Easy Via eNaira

During an experience sharing tour of the CBN’s CBDC (eNaira) by officials of the Bank of Uganda in Abuja, Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) said central banks across Africa and other parts of the world are trying to study Nigeria’s eNaira project.

Emefiele said, “We feel delighted with what we are doing in the area of the Central Bank Digital Currency, CBDC. What we are doing in the area of eNaira is attracting the interest of different countries in the world.”

He said the CBN has been queried severally by central banks in Africa and different parts of the world who were trying to understand what the bank was doing.

The eNaira is a digital form of the Naira used as cash, central bank digital currency backed by law and issued by the CBN as a legal tender. 

The CBN is planning to make payments of bills, recharge card purchases, and air travel ticket payments, including supporting DSTV renewals, available through the wallet.

Emefiele also noted that the country was cautious to ensure that the gains recorded from the project were not eroded.