CBN Visits University to Sensitize Students on e-Naira Adoption


The Central Bank of Nigeria (CBN) is seeking means to accelerate the adoption of its Central Bank Digital Currency (CBDC). Consequently, CBN has held an e-Naira onboarding sensitization exercise for students and communities in one of its famous federal universities.

Members of the Adoption team visited the University of Lagos (UNILAG) on Tuesday 26th to sensitize students on the e-Naira. The team which educated students was led by the Director of the Information Technology Department of CBN, Mrs. Rakiya Mohammed.

According to CBN, the adoption team leveraged the growing craze for digital products and technology amongst students and the younger generation. Although it was not limited to the students as members of staff, and community traders were also sensitized and onboarded. 

“So, students are also our target, and where best to engage students than in a university. Our expectations are the same everywhere we go, to intimate people and improve awareness on what e-Naira is. We know students are innovative and are leaders of tomorrow and they’re the people who are more in tune with technology.

Our hope is that our engagements are positive and also students become our ambassadors to spread what e-Naira is about and get the messages out there so that more Nigerians come to the platform to enjoy the benefits,” the Director said

CBN Encourages Citizens to Adopt e-Naira

She also talked about the different new features which were recently added to the CBDC to aid easy adoption. Speaking of different use cases of the e-Naira, Mohammed said “The eNaira can be used for a number of things including payment of school fees,” adding that payments with e-Naira are seamless and the settlement is instant.”

Mr. Afolabi Oke, the Managing Director of Global Interswitch, asserted his firm’s partnership with CBN to promote the e-Naira. In effect, he declared and attested to the safety of the system. In the end, a few students were registered and onboarded.

Notably, this is the first academic institution for the e-Naira sensitization, as there are plans to visit other universities too.

Similarly, a grassroots sensitization exercise was carried out in Abuja, the capital city of Nigeria to onboard transporters and commuters.

Victoria Nye
A Blockchain columnist who is enthusiastic about developing a network interface between the real world and the cryptosphere.

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