CBN sensitises Lagos traders in Tejuosho, Balogun markets on eNaira

CBN sensitises Lagos traders in Tejuosho, Balogun markets on eNaira

The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, on Saturday, sensitised traders and consumers at Tejuosho and Balogun markets in Lagos on how to conduct eNaira transactions.

Speaking at the sensitisation exercise, the brand ambassador for eNaira, Gabriel Afolayan, urged Nigerians to accept the CBN digital currency as it was “a very good platform for customers and buyers.”

“It’s mainly for people that are into business because sometimes even when you order stuff and the money doesn’t get delivered on time, eNaira will solve that problem with just sharing code between the buyer and the seller as well.

“So right now, in 2022 and beyond, eNaira is the way to go; that is the easiest way to buy stuff without having to look at your back that you have somebody who wants to steal from you,” he said.

Mr Afolayan, an actor and a singer, however, said the acceptability of eNaira in the movie industry was progressing slowly, promising to take the message to the rest.

“Mostly, a lot of people deal with cryptocurrencies and other stuff, so this is our own version (eNaira) of it. It’s safer, and it’s the best for now.

“So, as a movie person, I think representing eNaira is one of those things that will get the message to the rest of us. So, I’m imploring everybody to be on board with the naira,” he said.

He urged people to go to the Google Playstore and Apple store to download the app, saying it was not complicated, rather easy to operate, just like a one-speed dial.

Some of the traders who spoke on the initiative commended the apex bank for introducing eNaira, saying that it would help in solving the long wait experienced in transferring cash.

The eNaira is a CBN digital currency issued and regulated by the apex bank, denominated in naira.

It serves as both a medium of exchange and a store of value, and it is said to offer better payment prospects in retail transactions when compared to cash.


Source: Peoples Gazette.

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