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The Central Bank of Nigeria (CBN) is going national beginning today, Wednesday, as the bankers’ bank announced plans for a complete cashless economy across the country.
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“The destination as far as I am concerned is to achieve a 100 per cent cashless economy in Nigeria. I know that those who doubt us will say that 100 per cent cashless is unattainable. Yes, it is true! But, Nigeria must move from being a predominantly cash economy to a predominantly cashless economy,” Governor of the CBN, Godwin Emefiele, said Tuesday in Lagos at the first anniversary of eNaira.
“At this time, I can say from what I have read from online banking to introducing the POS to ATMs, to mobile banking, working and collaborating with the Ministry of Education, I want to say that we have provided all the necessary infrastructure that should enable us make cashless a nationwide journey,” he added.
According to Emefiele, Nigerians are embracing a cashless economy as over eight billion transactions were recorded in less than a year of eNaira meaning that people are ready to be part of the digital economy.
He assured that the CBN will constantly respond to the dynamics of electronic money by fine-tuning and upgrading the eNaira on regular basis.
