President Muhammadu Buhari launched the country’s new digital eNaira currency on Monday as Africa’s largest economy looked to tap into the growing popularity of virtual money and cryptocurrencies.
With the eNaira, Nigeria becomes the first in sub-Saharan Africa to fully launch a digital currency and joins China and a few other countries using or piloting central bank-regulated electronic tender.
The digital currency aims to foster economic growth through better economic activities, increase remittances, improve financial inclusion and make monetary policy more effective.
At the launch on Monday in Abuja, President Buhari said the adoption of the Central Bank of Nigeria Digital Currency (CBDC) can increase the nation’s Gross Domestic Product (GDP) by $29 billion over the next 10 years.
The digital currency, he said, has its underlying technology, called blockchain, that would enable the government to send direct payments to citizens eligible for specific welfare programmes as well as foster cross border trade.
”Let me note that aside from the global trend to create Digital Currencies, we believe that there are Nigeria-specific benefits that cut across different sectors of, and concerns of the economy.
you’re in reality a excellent webmaster. The web site loading pace is incredible. It seems that you are doing any unique trick. Furthermore, The contents are masterwork. you’ve performed a wonderful job in this topic!
Great write-up, I am normal visitor of one’s web site, maintain up the nice operate, and It’s going to be a regular visitor for a lengthy time.
Valuable info. Lucky me I found your web site by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.
With havin so much content do you ever run into any issues of plagorism or copyright infringement? My site has a lot of unique content I’ve either written myself or outsourced but it looks like a lot of it is popping it up all over the web without my permission. Do you know any ways to help prevent content from being ripped off? I’d certainly appreciate it.
Valuable info. Fortunate me I discovered your website by accident, and I am shocked why this twist of fate did not came about in advance! I bookmarked it.
I just couldn’t depart your website before suggesting that I extremely enjoyed the usual info an individual provide to your visitors? Is going to be again steadily in order to check out new posts
I’ve been absent for a while, but now I remember why I used to love this web site. Thank you, I will try and check back more frequently. How frequently you update your website?
Useful information. Lucky me I discovered your site by accident, and I am shocked why this twist of fate didn’t happened earlier! I bookmarked it.
But wanna remark on few general things, The website design and style is perfect, the written content is very good. “Crime does not pay … as well as politics.” by Alfred E. Newman.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
Good day very nice site!! Guy .. Beautiful .. Wonderful .. I will bookmark your web site and take the feeds alsoKI’m glad to seek out numerous useful info right here in the publish, we’d like work out extra techniques in this regard, thanks for sharing. . . . . .
I truly enjoy looking at on this site, it has got wonderful articles. “We find comfort among those who agree with us–growth among those who don’t.” by Frank A. Clark.
With havin so much content and articles do you ever run into any issues of plagorism or copyright infringement? My website has a lot of completely unique content I’ve either authored myself or outsourced but it appears a lot of it is popping it up all over the web without my permission. Do you know any techniques to help stop content from being ripped off? I’d certainly appreciate it.
I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
Excellent blog! Do you have any recommendations for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely confused .. Any tips? Bless you!
Very interesting information!Perfect just what I was looking for!
Hello.This article was really fascinating, especially because I was browsing for thoughts on this matter last Sunday.
Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Nice task..
Your place is valueble for me. Thanks!…
I am now not positive where you’re getting your information, but great topic. I must spend some time finding out much more or understanding more. Thanks for fantastic information I was searching for this information for my mission.
This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.
Wonderful work! This is the type of info that should be shared around the net. Shame on the search engines for not positioning this post higher! Come on over and visit my site . Thanks =)
I am extremely impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one these days..
As I website owner I conceive the subject matter here is really good, appreciate it for your efforts.
I love assembling utile info, this post has got me even more info! .
I always was concerned in this topic and still am, appreciate it for putting up.
I conceive this site has some real superb information for everyone :D. “Anybody who watches three games of football in a row should be declared brain dead.” by Erma Bombeck.
I as well as my pals were looking at the excellent secrets from the website and instantly I got an awful feeling I never thanked the site owner for those tips. My young men ended up absolutely passionate to study all of them and have in effect honestly been using these things. I appreciate you for genuinely quite helpful as well as for going for this kind of high-quality issues millions of individuals are really needing to be aware of. My honest apologies for not expressing appreciation to you sooner.
I really like your writing style, good info, regards for posting :D. “I will show you fear in a handful of dust.” by T. S. Eliot.
Hiya, I am really glad I have found this information. Nowadays bloggers publish just about gossips and internet and this is really irritating. A good blog with exciting content, this is what I need. Thank you for keeping this site, I will be visiting it. Do you do newsletters? Cant find it.
I got what you intend,bookmarked, very decent site.
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
Fantastic post however I was wanting to know if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit further. Thank you!
I like this post, enjoyed this one appreciate it for putting up. “Money is a poor man’s credit card.” by Herbert Marshall McLuhan.