Godwin Emefiele said a digital currency 'would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital.' cbn digitaleconomy cbdc
the introduction of the e-naira as something that would result in Nigeria’s GDP growing by $29 billion in 10 years.
Besides reassuring statements, the CBN has used various events it has hosted as platforms for promoting the use of the CBDC. The latest of such events is the “eNaira – Africa’s Gateway to a Digital Economy” hackathon, which is set to commence on June 27 and is expected to run until July 21.in The Eagle Online, the CBN, which has encouraged Nigerians to register for the e-naira hackathon, believes the event might be useful in helping innovators think of innovative solutions for the CBDC.
We cannot deny the fact that the newly introduced CBDC would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital. We have seen in the past few years how digital currencies have opened international economies to individuals who wield them and how seamless they have made trading, buying, investing and other economic activities.
Meanwhile, a statement reportedly issued by both organizers and the CBN said innovators attending the event will look at ways of eliminating glitches that may hamper e-naira transactions. They will also be asked to come up with an e-naira design that addresses blockchain and cross-border remittances, the report said.
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