- FG May Begin Paying Salaries, Pensions Through eNaira Platform – CBN Plan
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CBN plans to expand digital currency usage under Vision 2028.
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eNaira may be used for welfare payments and government disbursements.
The Federal Government may soon begin paying workers’ salaries, pensions and social welfare benefits through the eNaira platform as part of efforts to expand the use of Nigeria’s digital currency.
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EKO HOT BLOG reports that the proposal is contained in the Nigeria Payments System Vision 2028, a new policy roadmap introduced by the Central Bank of Nigeria (CBN) aimed at strengthening digital payments and increasing the adoption of the eNaira in everyday financial transactions.
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EKO HOT BLOG reports that
The eNaira, launched in October 2021, is Africa’s first Central Bank Digital Currency (CBDC). It was introduced to improve financial inclusion, reduce transaction costs, support cashless payments and simplify money transfers across the country.
However, adoption of the digital currency has remained limited since its launch, with many Nigerians yet to fully integrate it into daily financial activities.
Under the new roadmap, the CBN plans to move the eNaira beyond its pilot phase and position it as a key payment channel for both government and private sector transactions.
The apex bank said it will review the existing framework guiding the digital currency to ensure it aligns with current market realities and operational requirements.
According to the proposal, government payments to citizens, salary processing, pension payments, conditional cash transfers and other social welfare disbursements could eventually be carried out through the platform.
The CBN also highlighted that the eNaira is designed with programmable features that allow funds to be restricted for specific purposes.
These features could enable the central bank to set usage conditions on payments, introduce spending timelines, automate payment splits and create multiple digital wallets tailored to different financial needs.
If implemented, the plan would mark a major shift in how government financial transactions are processed in Nigeria, potentially increasing the role of digital currency in the public financial system.
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