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The President of the Federal Republic of Nigeria General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform.

The launch was described by CBN Governor, Godwin Emefiele, as the first in Africa and one of the earliest around the world.

Emefiele said, “Mr. President, today you make history, yet again, with the launch of the eNaira the first in Africa and one of the earliest around the world“.

The launch took place at the State House in Abuja. President Buhari declared the official use of the new era electronic version of the nation’s local paper currency.

eNaira

eNaira

The eNaira was developed by fintech company Bitt, which is also behind the creation of CBDC in some East Caribbean countries.

At the launch, the Central Bank of Nigeria governor, Godwin Emefiele, said 500 million eNaira ($1.21 million) has already been minted.

 

Present at the unveiling were the Vice-President, Prof. Yemi Osinbajo, and the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, Naija News understands.

The E-Naira will hold equal value with the paper currency and will be issued by the CBN.

The two apps, eNaira speed wallet, and eNaira merchant wallet are now available on Google playstore and Apple store.

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