On BU$I₦£$$ DIG£$T this morning, October 25, 2021

Today October 25, 2021, The President C-in-C of the FGN will formally unveil the CBDC, as announced by the Central Bank of Nigeria.

What is CBDC?

Central Bank Digital Currency, tagged e-Naira!

Summarily, e-Naira is NOT Cryptocurreny but a digital legal tender under the issuance and control of the CBN owned by Nigeria as a Sovereign Nation.

So the mistake to equate it with bitcoin or any other Cryptocurreny that is decentralised and the owner or issuer is not known should not be made.

The owner and issuer of e-Naira is well known and has it process of how it can be used.

E-Naira is an ewallet app that can be downloaded and tied to your regular bank account where you can transfer money from your regular bank account into your e-Naira wallet.

In your best interest, as you have invested alot of time to study Cryptocurreny currencies, spend some time to understudy e-naira, but the question will be, do we have enough literature on this to educate Nigerians?

If you learnt anything from this, kindly share with someone out there.

Dr. Emmanuel Idenyi Shaibu
animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE
The Millennium Entrepreneur!


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