Buhari Unveils Nigeria’s Central Bank Digital Currency Today

By Samantha Allen

Published: October 25, 2021 | 5:23 AM GMT

President Muhammadu Buhari will today unveil Nigeria’s Central Bank Digital Currency, CBDC known as theeNaira, in Aso Rock, Abuja.

The Central Bank of Nigeria, CBN, Director, Corporate Communications, Mr. Osita Nwanisobi, who disclosed this in a statement, said that the launch of the eNaira with the theme, “Same Naira, more possibilities” is a culmination of several years of research work by the apex bank.

Mr. Nwanisobi noted that the eNaira, is aimed at advancing the boundaries of payments system in order to make financial transactions easier and seamless for every strata of the society.

He said that the eNaira marks a major step forward in the evolution of money and the CBN is committed to ensuring that the eNaira, like the physical Naira, is accessible by everyone.

According to Nwanisobi, following today’s formal launch by the president, the CBN would further engage various stakeholders as it enters a new age consistent with global financial advancement.

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.