The Godwin Emefiele-led Central Bank of Nigeria, CBN has urged Nigerians to embrace the e-Naira because of its accruing benefits, which includes deepening financial inclusion in the country.
The apex bank’s Director Corporate Communications Department, Osita Nwanisobi, made the call on Thursday at the ongoing Lagos International Trade Fair.
In spite of the reservation of some Nigerians over the digital currency, Nwanisobi said
“the e-Naira is expected to deepen financial inclusion by bringing more people into the financial space, support a resilient payment ecosystem, reduce the cost of pro
cessing cash, enable direct and transparent welfare intervention to citizens, increase transparency in revenue and tax collections, facilitate diaspora remittances, reduce the cost of financial transactions and improve the efficiency of payments.
He said the response to e-Naira among Nigerians has been encouraging, noting that “customers who download the eNaira Speed Wallet App will be able to Onboard and create their wallet; fund their eNaira wallet from their bank account; transfer eNaira from their wallet to another wallet and make payment for purchases at registered merchant locations.
“I therefore appeal to Nigerians to embrace the eNaira just like our physical Naira – our pride,” he said.