Sun. Jun 23rd, 2024

eNaira Will Stop Naira Abuse And The Cost Of Printing New Currency.

By Ekenedilichukwu May24,2022 ##eNaira
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A director of Central Bank of Nigeria, CBN who was in Asaba, Delta State, Mr Godwin Okafor has said the introduction of the e-Naira as a means of transaction in the country would put a stop to the abuse of the Naira and the cost of printing the currency notes.

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Okafor who stated this during a sensitization programme for traders at the Ogbogonogo market in Asaba on the new e-Naira initiative said the e-Naira was not like the cryptocurrency as being speculated in some quarters.

Saying that it was a fully backed policy by the CBN in line with the International Standard Policy on a cashless society, he said, “the Naira has been in transformation, first it was traded by Barta, then cowry, then coin, then paper money and now we are transforming into e-naira.”

Secretary to the Delta State Government, SSG, Chief Patrick Ukah who also spoke at the ceremony, commended CBN for the e-Naira initiative, pointing out that it was an all-inclusive financial platform.

Represented by the Director of Finance, Office of the SSG, Benson Ojakor, Ukah said the fact that the e-Naira allows for an easy financial transaction without any attached charges would make it easy for it to be embraced by traders and all Deltans.

Explaining how the e-Naira works, the Consultant to the  CBN on e-Naira, Dr Aminu Amimu said there was nothing to fear about the e-Naira, adding that it was the initiative of the apex bank in the country.

He said all categories of individuals in the society can make use of the e-Naira platform as it allows for any kind of transaction no matter how little or how large the amount, noting that it was very easy to use.

He said, “some of the key advantages of the e-Naira are that  it is being introduced by the  CBN, which is the highest bank in the country, it is charges  free, it is 99.9 per cent sure without any form of failed transaction and it allows you to transact any amount even as low as ten Naira.”

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