CBN urges FUTA to adopt eNaira for transactions

Marcus Amudipe
Marcus Amudipe



By Wilson Adekumola

The Central Bank of Nigeria has called on the management and students of the Federal University of Technology, Akure, the Ondo State capital, to embrace the e-naira platform for all their financial transactions.

The Acting Branch Controller of the CBN in Akure, Samuel Giwa made the this call on Monday at FUTA during an e-naira sensitisation programme.

Giwa assured that the digital currency was safe, efficient, robust and user friendly, adding the transaction on the platform was at no cost.

“I strongly urge the university to adopt this for the collection of fees, levies and revenues. I also encourage all businesses operating within the university to follow suit and embrace e-naira.

“By doing so, you will not only enhance your financial well-being, you also will contribute to the broader goal of economic growth of Nigeria,” he said.

While stating further that the digital currency is an opportunity to remodel financial landscape of the country if well embraced and used, Giwa said that e-naira was designed to complement the existing physical naira and to provide a more efficient, secure and accessible means of payment.

He said the digital currency represented an impressive progress on how individuals interacted with money, saying that it was tailor-made to meet the needs of vibrant and dynamic community.

He identified a larger percentage of youths dominated the society as the reason the CBN organize the sensitization programme in the institution.

According to him, the regulatory bank had chosen some students that would be e-naira ambassadors who would be agents of the bank relating with students in the school as regards the digital currency.

At the event, the Vice Chancellor of FUTA, Prof. Adenike Oladimeji, described the digital currency as a good initiative of the regulatory bank.

The VC, represented by the FUTA’s Deputy Vice Chancellor on Academics, Prof. Titi Amos, said that e-naira had many benefits associated with it, hence the need to embrace it.

She explained that it was good that the CBN had got youths involved, stating that FUTA had vibrant crop of students that had won laurels in local and international competitions in various fields.

Oladimeji was, however, confident that students in the university would no doubt buy into digital currency since it was efficient, easier and more secure.

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