Godwin Emefiele, Governor of the Central Bank of Nigeria, has announced that the President, Major General Muhammadu Buhari, will unveil the new naira notes on Wednesday during the weekly Federal Executive Council at the Presidential Villa.
He also stated that the new notes would enter circulation before the central bank’s previously stated December 15, 2022 deadline.
He made the announcement at a press conference following the Monetary Policy Committee meeting in Abuja.
Meanwhile, Rakiyat Mohammed, the CBN’s Director of Information Technology, stated that approximately 36 million Nigerians currently have no access to financial services.
Mohammed, who led the development and deployment of the eNaira, made the announcement on Tuesday at the Zenith Bank Tech Fair in Lagos.
During her presentation at the ‘Future Forward’ Fair, she stated that the CBN was the first Central Bank in Africa and the second in the world to launch a Central Bank Digital Currency.
According to her, the CBDC was created in response to the urgent need to provide “financial inclusion to the 36 million Nigerians who currently lack access to financial services.”
“Nigeria has the sixth most advanced retail payment system,” she said. This was according to an ACI report. So, if you look at that report, you’ll understand why.
“Recall that when the president launched eNaira, he stated that we expected eNaira and its associated technologies to increase our GDP by $20 billion over the next ten years.” We’re working on it.”
She went on to say that, in light of emerging trends, it had become necessary to create a legal tender currency capable of competing in the digital economy space.