eNaira launch postponed by CBN, gives reason

On Thursday the Central Bank of Nigeria, announced the postponement of the official launch of the country’s digital currency, e-Naira.

Mr Osita Nwanisobi, the spokesman of the Central Bank. announced this in a statement titled ‘CBN defers eNaira launch to mark independence anniversary’.

According to him, the CBN took the decision to postpone the launch, which had been initially planned to coincide with the independence anniversary, in deference to the mood of national rededication to the collective dream of one Nigeria.

He further said the CBN and other partners were working round the clock to ensure a seamless process that would be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population.

On the benefits of the eNaira, Nwanisobi said that Nigerians would be able to carry out peer-to-peer transfer to another person’s eNaira wallet as well as pay for goods and services at selected merchants.

The volume of cash transactions would also reduce and the Nigerian economy would be more stable.

The spokesmam said the eNaira was a journey, and that not all bank customers were expected to commence transaction on the day of the launch.

He, however, assured that financial institutions in Nigeria remained key actors and were a critical part of the CBDC.

The central bank  Nwansiobi said had put a structure in place to promptly address any issue that might arise from the pilot implementation of the eNaira.