The Central Bank of Nigeria, CBN, says there was no plan to replace the Naira notes in circulation with digital currency, the eNaira.
The Director, Corporate Communications Department of the apex bank, Mr Osita Nwanisobi, gave the clarification at the weekend.
He disclaimed the statement purportedly to have been made during a stakeholders’ engagement on eNaira adoption in Asaba, Delta state was misconstrued and therefore called on the general public to disregard such in it’s entirety.
He explained that the digital version of the Naira is meant to complement the existing currency notes and therefore, will circulate simultaneously as means of exchange and store of value.
Speaking on the benefits of adopting the eNaira, the spokesman hinted that the digital legal tender aside from the safety and speedy features, it will also ensure greater access to financial services by the underbanked and unbanked populace thereby enhance financial inclusion. He implored members of the public and business owners to embrace the digital currency, the eNaira as it offers more possibilities.