The Central Bank of Nigeria (CBN), has urged Nigerians particularly traders to embrace the electronic Naira popular as e-Naira.
The apex bank made the call while noting that paper Naira notes will soon be out of circulation.
Godwin Okafor, controller, Delta State Branch of CBN, while speaking on the e-Naira on Friday, May 20, at the popular Ogbogonogo Market 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,” he said.
Speaking on why Delta State was chosen as the second state to sensitise market women on e-Naira after Lagos, the consultant of CBN on e-Naira, Dr. Aminu Bizi, said:
“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”
Further, he said the use of e-Naira was effective, charges free unlike ATM and POS and cannot be hacked by fraudsters.
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