May 21, (THEWILL) – The Central Bank of Nigeria has urged Nigerians to embrace the digital e-Naira as paper currency would soon be out of circulation.
The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday, at the popular Ogbe-Ogonogo market, Asaba, during the market sensitisation on e-Naira.
Urging the traders to key into the central bank’s e-Naira policy, Okafor said, “We are here at the market today to sensitise the market people on the use of e-Naira. It is fully backed by CBN, unlike Bitcoin which has no legal backing.”
The consultant of CBN on e-Naira, Dr Aminu Bizi, also addressed the traders.
Bizi said that Delta was chosen as the second state to sensitise market women on e-Naira after Lagos.
“We are here to sensitise market men and women, shop to shop, on the use of e-Naira. CBN has gone behind ATM, POS, therefore, we are going to meet the Okada/tricycle union on this policy.
“Paper currency will soon be out of circulation because CBN spent money to print money and people abuse the currency in the market, spraying at the occasion, payment of Okada/tricycle and others and CBN is losing.”
He said the use of e-Naira was effective, charges free unlike ATM and POS and cannot be hacked by fraudsters.
In his remark, the Secretary to the State Government, Chief Patrick Ukah, applauded CBN for the e-Naira initiative.
Ukah, who was represented by the Director of Finance and Account in the office of SSG, Mr Benson Ojoko, said the state was delighted with CBN programmes, describing e-Naira as a laudable programme that has projected Nigeria into global financial limelight.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
