The need to provide important information about e-Naira to the end users is the driving force behind the awareness campaign of the Central Bank of Nigeria (CBN) and Zenith Bank. 

e-naira

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Leading the CBN team is the Port Harcourt Branch Controller, Maxwell Okoroafor.

He said the workshop would provide information about e-Naira to students and lecturers of University of Port Harcourt (UNIPORT).

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The workshop was themed: “Road Map to e-Naira Adoption: Understanding the Workability of the e-Naira and its Implications on the Cashless policy”.

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According to Okoroafor, “the e-Naira is an alternative means of financial transaction to cash and is designed to make transactions stress-free as well as improve the nation’s economy.

“It is cheap and comes with a lot of benefits to Nigerians in tackling financial crime, money laundering and also gives visibility for monetary policies in the country.

“It will also be beneficial to the institution in the area of payment of fees while also helping them to reduce the cost of policy management”.

e-Naira Same As Physical Naira

Okoroafor said the CBN digital currency had the same value as the physical Naira in the pockets and wallets of Nigerians.

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“The whole world is going digital, hence the CBN is also responding to the innovation by introducing a lot of cashless policies – of which one of the policies is the e-Naira.

“Incidentally, we are the first Central Bank in Africa to introduce e-Naira, and only the second in the world,” he added.

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On his part, the apex bank’s Head of Information and Clients Services, Collins Onuosa, said the CBN targeted students because they were more in tune with emerging technology.

According to him, the CBN is in touch with organisations, groups, institutions and students to ensure that everyone is aware of the e-Naira and other digital payment platforms.

After the event, the Vice Chancellors of UNIPORT, Professor Owunari Georgewill, said the university was open to working with the apex bank to drive its policies.

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