Governor of the Central of Nigeria (CBN), Mr Godwin Emefiele, has said the introduction of the Central Bank Digital Currency, eNaira, is one piece of evidence to the fact that Nigeria’s payment system has been deepened under his leadership.
Emefiele also expressed optimism that the apex bank will achieve the 85 per cent financial inclusion rate target in Nigeria, within a very short period from its current rate of slightly below 70 per cent.
The CBN chief expressed joy that even the International Monetary Fund (IMF) and the World Bank recognise what his team is doing in the
area of the electronic form of central bank money.
The governor made the remarks on Tuesday at his Abuja office when he received officials from the Bank of Uganda who undertook an experience sharing tour of the CBN’s CBDC (eNaira) project.
He paid tribute to his predecessor, Sanusi Lamido Sanusi, for laying the foundation upon which the country’s current payments system was built.
Sanusi, as then CBN governor, appointed him chairman of the sub-committee of the of the Bankers’ Committee to lead the payments system
drive in 2012, adding that the move paved the way for innovative ideas that eventually led to the creation of the eNaira.
Launched last year, eNaira is the digital form of the Naira and is used just like cash.
The eNaira wallet is a digital storage that holds the eNaira. The eNaira wallet is required to access, hold and use eNaira. eNaira is a unit of account, store of value and medium of exchange.
