Nigeria: CBN creates eNaira awareness among women

The Special Adviser Payment Systems to the Governor CBN Mary Fasheitan 1
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Central Bank of Nigeria has taken the sensitisation drive of eNaira to women during the Law Ladies Day programme in University of Lagos, Yaba, Lagos.

A statement said the initiative was to further promote adoption of eNaira, the country’s central bank digital currency to women, students, law students and other Nigerians who gathered for the 2023 Law Ladies’ Day programme in UNILAG, Yaba, Lagos.

In line with the law ladies’ day programme themed, ‘Defying stereotypes: Celebrating the different shades of femininity’, the CBN used the opportunity to reach out to students and others  within the university campus, to sensitise them on the benefits and importance of eNaira transactions and why they should use the channel.

The Special Adviser Payment Systems to the Governor, CBN, Mary Fasheitan, who took women through the importance of eNaira, advantages and opportunities the digital currency offered to the financial community and women, stated that it was high time women embraced eNaira  for transactions.

According to her, eNaira offered financial freedom and women inclusivity where other financial instruments did not provide.

It offered fast transaction time, cross board payment option and gives women financial inclusion, she noted.

She said, “eNaira provides a unique form of money denominated in Naira. eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. It has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money.”

Fasheitan observed that the whole world was going digital, and CBN was responding appropriately to the innovation by introducing a lot of cashless policies, of which eNaira was one.

She noted that the Central Bank in Nigeria was the first to introduce e-Naira in Africa and only the second in the world.

Fasheitan encouraged female law students to embrace eNaira and transact with it because it was safe, secure and fully digitalised.

“You have nothing to be afraid of because it is one of the most secured channels from the apex bank for transactions,” she said.

Also speaking at the event, the Managing  Partner of Hilton Top Solicitors, Deborah Enyone Oni said that eNaira was a great innovation of CBN that should be lauded.

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