President Buhari to launch e-Naira Monday

• e-Naira, like the physical Naira, will be accessible by everyone.
• The launching of the e-Naira would mark the beginning of more research for the enhancement of the platform.

Ekohotblog reports that the Central Bank of Nigeria, CBN, said on Saturday that President Muhammadu Buhari will publicly debut the e-Naira on Monday.

Recall that the digital money was supposed to be revealed on October 1 but was postponed due to Independence Day events.

According to a statement made on Saturday by the CBN’s Director of Corporate Communications, Osita Nwanisobi, the president is now scheduled to activate the e-Naira on Monday.

The CBN Director who stated that the launching would take place at the States House, Abuja, noted that the “e-Naira is a culmination of many years of research work by the Central Bank of Nigeria, CBN in advancing the boundaries of payments system in order to make financial transactions easier and seamless for every strata of Nigerian society.

“Sequel to a series of engagements with most relevant stakeholders including the banking community, merchants, fintech operators and indeed, a cross section of Nigerians, the Central Bank designed the digital currency, which shall be activated on Monday, October 25, 2021.

“The e-Naira, therefore, marks a major step forward in the evolution of money and the CBN is committed to ensuring that the e-Naira, like the physical Naira, is accessible by everyone”.

According to the statement, the launching of the e-Naira would mark the beginning of more research for the enhancement of the platform.