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#Progress Nigeria in Digital Currency: Buhari Unveils eNaira

Brooom by Brooom
October 25, 2021
in Business, News
0
#Progress Nigeria in Digital Currency: Buhari Unveils eNaira

Brooom Nigeria reported that President Muhammdu Buhari has launched the country’s Central Bank Digital Currency called e-Naira, with Nigeria becoming the first African country to digitise its currency.

The Ceremony was performed in the Federal Capital Territory, Abuja today Monday 25th October, 2021.

President Buhari was assisted by the Vice President, Prof. Yemi Osinbajo and the Governor of the Central Bank of Nigeria, Mr. Goodwin Emefiele.

He stated that the move was in line with country’s commitment to drive financial inclusion and strengthened its cashless policy through digital currencies such that have been adopted by other countries.

The president also noted that the eNaira would further position Nigeria to derive maximum benefits from the digital economy and exploits all necessary area to further strengthen the country’s economy and naira value in the global market.

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Meanwhile, the Central Bank of Nigeria(CBN) Governor, Godwin Emefiele, has disclosed that the eNaira took off with over N500m of the currency minted so far, adding that no fewer than 33 banks have been fully integrated and currently on the platform.

Brooom Nigeria
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Brooom

Prince Babatunde, also known as Brooom, is a Nigerian writer, political journalist/consultant, publisher, and a businessman. For nearly a decade, he has actively reported on political affairs that impact grassroots development. Through his work, he has contributed to numerous solutions aimed at improving the lives of many Nigerians, particularly those in underprivileged communities. His team is currently focused on developing a strategic program for a cleaner Nigeria, among other initiatives.

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