President Buhari To launch e-Naira Monday

President Muhammadu Buhari will on Monday, 25th October, 2021, officially unveil the country’s digital currency known as the e-naira.

The Central Bank of Nigeria, CBN, disclose this in a statement issued on Saturday.

Recall that the e-naira had been scheduled to be unveiled on October 1, but was shifted due to the country’s independence ceremony on that day.

The CBN statement signed by its Director of Corporate Communications, Osita Nwanisobi, stated that the e-Naira is now expected to be activated on Monday by the president.

According to Nwanisobi, the launching would take place at the State House, Abuja.

He also said 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”.

The statement further noted that the launching of the e-Naira would mark the beginning of more research for the enhancement of the platform.

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