THE SUCCESS AND ACCEPTANCE of Nigeria’s e-Naira, and one of the first countries in the world, to adopt the digital currency; Nigeria’s Central Bank, CBN, said, the achievement has attracted African countries to understudy the model and basics of the Nigeria’s digital currency, the e-Naira. 

On the side-line of CBN’s Special Day, at the ongoing Lagos International Trade Fair, Osita Nwanisobi, Director, Corporate Communications, stated that Nigeria has become a role model to other central banks in Africa and beyond.

“Presently, many African countries are in the country trying to understand and see how they can also start their own digital currency. Many central banks across the world are still trying to understand it and the CBN has made history as one of the first to achieve this. The world is moving away from fossil fuel and we are entering a digital world. If we do not join the train now, we would be left behind.”

With the upgrade in the e-Naira wallet application, Osita noted, there has been increased grip in the acceptance and usage of the digital currency in the country. There is a “whole lot of enthusiasm from the public on the e-Naira”.

Toki Mabogunje, President, Lagos Chamber of Commerce and Industry, LCCI, at the event, commended the CBN on the launch of the e-Naira. She said this will help to expand payments gateways for digital transactions.

Further, she said: “The launching of the Nigeria digital currency the e-Naira is highly commendable and marks a milestone in Nigeria digital economy it is equally remarkable that the e-Naira is the first in Africa’s financial market”.