Nigerians to start using USSD code for eNaira transactions soon – Emefiele

Mr. Godwin Emefiele

The Governor of the Central Bank Governor (CBN) Godwin Emefiele, has said that Nigerians can now subscribe to the eNaira digital currency using short codes soon.

Emefiele who revealed this on Thursday during the eNaira Hackathon grand finale in Abuja said digital currency will soon become part of “our lives” and that 8 million users would be the fresh target.

President Muhammadu Buhari launched the eNaira in October last year as Africa’s first Central Bank Digital Currency.

The first phase of the launch was focused on banked users, while the second phase borders around financial inclusion.

The governor said, “As captured in the design paper released, eNaira is a journey, not a one-time event. This hackathon event is a continuation of that journey and the first among many to come given that the future of central banking is inextricably bound in innovation.

“We don’t have a choice but to live with the fact that we are now in a digital economy. In a digital space where the use of cash will dissipate to almost zero and the use of digital currency will increase and will now become part of our lives.

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