Home BUSINESS BANKING & FINANCE CBN Set To Celebrate First Anniversary Of Digital Currency In Nigeria

CBN Set To Celebrate First Anniversary Of Digital Currency In Nigeria

Central Bank of Nigeria (CBN) is set to celebrate the first Anniversary of the introduction of Africa’s First Central Bank Digital Currency (CBDC) tagged: the “eNaira.”

The eNaira was formally launched by President Muhammadu Buhari at the State House, Aso Villa on October 25 October 2021.

In a statement today, October 21, the CBN’s  Director of Corporate Communications, Osita Nwanisobi said that the implementation of the eNaira has put Nigeria in the global spotlight as one of the pioneers to deploy a CBDC into live production.

“This has continued to attract the interest of global stakeholders, such as the IMF, World Bank, other Central Banks, and the CBDC community.”

He said that as part of activities lined up to mark the first anniversary of the eNaira, the CBN will hold  a  one-day  workshop,  themed: “Leveraging Innovation for Inclusive Growth and Development: The eNaira  Advantage”  scheduled for October  25, at Eko Hotel and Suites, Victoria Island, Lagos.”

Osita said that the objectives of the workshop include the review of the eNaira implementation journey, one year after; to drive further adoption of the eNaira through public engagement and to facilitate global policy dialogue on CBDC to promote peer learning and benchmarking.

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“The event will be hosted by the Governor, Mr. Godwin Emefiele, while the Ministers  of  Communication  and  Digital  Economy  and  Humanitarian Affairs will be speakers at the event. Other key participants at the event include the Chief Executives of the Securities and Exchange Commission (SEC),  the  Nigeria  Inter-Bank  Settlement  System  Plc  (NIBSS),  the Nigerian  Deposit  Insurance  Corporation  (NDIC), and  the  National Information Technology Development Agency (NITDA), members of the Bankers’  Committee, the  academia, financial  services and telecommunications  regulators, merchants,  agents,  cooperative  groups and technical experts, the entertainment industry; amongst others.

“The event will also feature a policy round-table discussion on “Effective Collaboration  for  National  Development  (Infrastructure,  Interoperability, regulation)” and  a  panel  discussion  on  “eNaira  Adoption  for  economic growth.”

The CBN spokesman encouraged Nigerians to be part of the celebration which shall be streamed live on the Bank’s social media channels as well as those dedicated to the eNaira, through registering and participating in the workshop on its  website: www.enaira365days.com

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