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Nigeria’s Dr. Yele Okeremi urged the Central Bank of Nigeria to Publish it eNaira by way to strengthened cashless model
Posted On 29 Oct 2022
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By Abdul Rahman Bangura–
Nigeria’s President Buhari and Central Bank Governor Emefiele
Photo Credit: TechCabal
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – Okeremi, Chief Executive Officer, Precise Fiof Financial Systems (PFS) doubling as a Software Development Expert rendered as call…the CBN during an interview with the News Agency of Nigeria (NAN) on Friday, October 28th, 2022 in Lagos.
Dr. Okeremi said, the CBN should assure through publicity, more Nigerians approve of the eNaira because of its safer and productive more mode of payment. According sources, eNaira is an electronic version of the local paper naira, comparable in cost and published by the CBN.
It is not aimed at to restore cash but chores as a safer and efficient choice means of payment. The eNaira was disclosed at State House by President Muhammadu Buhari, on Oct. 25, 2021 to improve remittances, foster cross-border trade, improve financial inclusion and facilitate the administration to make welfare payments effortlessly.
Buhari told, the adoption of eNaira would enhance economic activities and improve Nigerian GDP by $29 billion over the following ten years. The President announced, Nigeria had suit the first nation in Africa and one of the first in the world to inaugurate a digital currency to it citizens.
The theme of the eNaira is: Same Naira, more possibilities. Dr. Okeremi marveled why the effect of the eNaira was still to be approved by Nigerians, a year after it was introduced.
”The accessibility rate of the eNaira is still below 20%. This is not because we have failed to use it, it is rather because we are still attempting to use it.
”We can make it more accessible to Nigerians. One way is to enable non smart phone users to access it without the internet.
”The promotion of the eNaira should focus more on the merchants. Buyers will naturally key in as soon the merchants have accepted it,” he announced.
Okeremi said that access to the eNaira should be opened to both petty traders and big retail merchants.
”Steps needs to be taken to educate the public about it so that people do not see it as an elitist policy.
”The eNaira is just our normal naira. The difference is that the person holding it is not carrying notes, it is a legal tender issued by the CBN,” he told .
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
