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President Buhari Launches eNaira

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eNaira
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President Muhammadu Buhari on Monday launched the eNaira platform.

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Jameela News reports that the eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of the payments system in order to make financial transactions easier and seamless for every stratum of society.

The launch was described by CBN Governor, Godwin Emefiele, as the first in Africa and one of the earliest around the world.

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Emefiele report on eNaira

Emefiele said, “Mr President, today you make history, yet again, with the launch of the digital currency – the first in Africa and one of the earliest around the world.

“Mr President, as you make groundbreaking reforms, there has been continuing debate on the true value of the Naira.

“Rather than worry today on the direction of the exchange rate, let us take a step back and analyse how we got here in the first place.”

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