The Central Bank of Nigeria (CBN) has reacted to reports claiming it has plans to replace the Naira notes in circulation with digital currency, the eNaira.
The Director, Corporate Communications Department of the CBN, Mr Osita Nwanisobi, said in a statement in Abuja, at the weekend that there was never any plan as such.
Reports on Friday had claimed that the plan was made during a stakeholders’ engagement on eNaira adoption in Asaba, Delta State.
But noting that the reports were incorrect, Nwanisobi called on the public to disregard the reports, adding that the digital version of the Naira was meant to complement the notes and would exist simultaneously as a means of exchange and store of value.
Speaking on the benefits of adopting the eNaira, he said that the digital legal tender aside from the safety and speedy features, would also ensure greater access to financial services by the underbanked and unbanked populace, thereby enhancing financial inclusion.
Nwanisobi, therefore, called on members of the public and business owners to embrace the digital currency, the eNaira, which, according to him, offers more possibilities.