Thu. Jun 20th, 2024

CBN Urges Nigerians To Embrace eNaira transactions,Says It Will Help To Tackle Financial Crimes.

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The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace the nation’s digital payment channel (eNaira) to enhance its cashless policy.

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Its eNaira team which embarked on an awareness and sensitization campaign to Kawo and other markets in Kaduna, and Port Harcourt, the Rivers State capital, assured the public that the electronic legal tender would complement cash and make transactions easier. 

“The message is to preach the e Naira. E Naira is nothing but another representation of cash, the same Naira we are used to; is what e Naira is coming to complement.”

“E Naira is trying to complement the cash as well as trying to address the well-known issues we usually have with cash such as robbery, insecurity issues .You could lose your money through fire incident and so many other ways.”

Also Read: Nigeria Central Bank Digital Currency eNaira Records 63% Growth In Transactions According To CBN.

“So the electronic version was brought out by the Central Bank to address all these kind of issues as well as enhance transaction. It can allow people to do their transactions in an easier and better way. Better than even using the physical cash,” he said.

The CBN e-Naira team was also at the Sheikh Gumi Central market Kaduna where they sensitized traders on the advantages of the e Naira, and entertained questions on the workings of the electronic legal tender as introduced by the apex bank in Nigeria.

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