4 July 2023

The Central Bank of Nigeria (CBN) on Monday  intensified campaign to embrace and adopt the e-Naira policy by for stakeholders and institutions.

Ondo State Acting Branch Controller, Samuel Giwa who led the Officials of the apex bank visited the Federal University of Technology, Akure (FUTA), to intimate principal officers, members of staff and students of the institution on the need to key into the payment system.

Giwa, who told the Vice Chancellor, Prof. Adenike Oladiji, that the whole world is going digital, said the move by the CBN was hinged on its resolve to respond to the innovation by introducing cashless policies, one of which is the e-Naira.

He said CBN is the first to introduce e-Naira in Africa and the second in the world, stressing that the policy, when fully adopted, will revolutionise the financial landscape of the country.

The Acting Controller, therefore, appealed to FUTA to embrace e-Naira as means of transactions, adding that it will further enhance and harmonise the economic environment of the institution.

He said: “The e-Naira has the potential to revolutionise the way we transact and conduct business. The e-Naira is not just any currency, it is designed to complement the existing physical naira and also provide a more efficient, secure and accessible means of payment.

“Considering the multitude of benefits associated with the e-Naira, I strongly urge FUTA to adopt this for the collection of fees, levies and revenues within the institution.

Oladiji, who was represented by Deputy Vice Chancellor, Academics, Prof. Taiwo Amos, said the institution would be willing to partner with the apex bank on the initiative.

Meanwhile, 10 students of the institution, who were trained by the CBN on electronic currency, were inaugurated as ambassadors of the scheme in Akure.guardian