The Central Bank of Nigeria has urged Nigerians to embrace the eNaira as the physical currency will soon be out of circulation.
The Delta State Branch Controller of CBN, Mr Godwin Okafor, gave the advice on Friday during an awareness drive for the eNaira at the popular Ogbogonogo market in Delta State.
The CBN official 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, said 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 occasions, payment of Okada/tricycle and others and CBN is losing”
Listing the benefits of the digital currency, he said it was effective, free of charge, unlike ATM and POS and cannot be hacked by fraudsters.
The Secretary to the State Government, Chief Patrick Ukah, applauded CBN for the e-Naira initiative.
Represented by the Director of Finance and Account in the office of SSG, Mr. Benson Ojoko, Ukah said the state was delighted with CBN programmes.
He described e-Naira as a laudable programme that has given Nigeria a place in international finance.
