On Thursday, the Central Bank of Nigeria (CBN) issued a statement advising students and management of tertiary institutions across the country to embrace the use of e-Naira for various transactions such as payment of tuition fees, salaries, and other financial activities.
The CBN emphasized the advantages of utilizing the e-Naira in these transactions.
The Assistant Director, CBN Ekiti State Branch, Mr Ayodeji Adeboboye, said that e-Naira remained “a viable alternative payment platform to physical cash transaction and should be utilised by all Nigerians for hitch-free and cost-effective transactions.”
During a sensitization drive on the e-Naira wallet conducted by the CBN at Bamidele Olumilua University of Education, Science, and Technology in Ikere-Ekiti, Adeboboye addressed the students and other stakeholders present.
He explained that the purpose of the exercise was to raise awareness and educate them about the importance of adopting the e-Naira platform.
The aim was to encourage the students and other stakeholders to embrace this digital payment system.
He said, “Every financial transaction such as payment of school fees by students, payment of staff salaries, and buying and selling within the school community can be done seamlessly through the e-Naira wallet.
“The time has come for all Nigerians to key into the e-Naira wallet because of its numerous advantages. Other countries have gone beyond cash payment and are now using electronic payments”, Adeboboye said.
CBN e-Naira Consultant, Izuchukwu Nwankpa, said that “e-Naira offers financial inclusion and helps tackle corruption and money laundering as well as improve the efficiency of the financial system.
Nwankpa encouraged the university community and other stakeholders to embrace the alternative platform, which he said “is cost-effective, safe, secure, user-friendly and effective”.
The Deputy Vice-Chancellor, BOUESTI, Dr Veronica Makinde, lauded the CBN for the initiative and assured of the institution’s support in promoting the use of the e-Naira.
Makinde said, “We will be ready to key into the e-Naira initiative as it will assist in saving our students the risk of carrying cash and help reduce students’ complaints of bank bottlenecks, theft, and loss of tuition and other sundry fees”.
