CBN Frowns at Banks Apathy to Promote eNaira

The Central Bank of Nigeria (CBN) has faulted the commercial banks across the country for not promoting the e-Naira launched with fanfare by the President Muhammadu Buhari, in October, 2021.

The apex bank has also explained the operational benefits of its newly introduced eNaira to the public, while the officials of the CBN took turns in Kaduna to lecture youth corps members, hundreds of students from tertiary institutions across the state and other members of the public on the eNaira initiative.

Aminu Muhammad, an assistant director, Head, Development Finance Department of the CBN, said financial institutions under the purview of the CBN were supposed to play these critical roles in growing our economy.

Muhammad stated this at the CBN Fair which held in Kaduna and in Kano simultaneously, adding that the commercial banks were not effective in promoting the eNaira.