He stressed the need for students and stakeholders to embrace the platform and highlighted its advantages, citing the example of other countries that have already transitioned to electronic payments.
By Johnson Atoukudu:
The Central Bank of Nigeria has advised students and management of tertiary institutions in the country to adopt the e-Naira as a means of payment for tuition fees, salaries, and other transactions.
The Assistant Director of the CBN Ekiti State Branch, Mr Ayodeji Adeboboye, emphasized that the e-Naira provides a viable alternative to physical cash transactions, offering a seamless and cost-effective payment platform that should be utilized by all Nigerians.
Adeboboye conveyed this message during a sensitization drive on the e-Naira wallet at Bamidele Olumilua University of Education, Science, and Technology in Ikere-Ekiti.
He stressed the need for students and stakeholders to embrace the platform and highlighted its advantages, citing the example of other countries that have already transitioned to electronic payments.
Izuchukwu Nwankpa, a CBN e-Naira Consultant, further explained that the e-Naira promotes financial inclusion, combats corruption and money laundering, and enhances the efficiency of the financial system.
Nwankpa encouraged the university community and other stakeholders to adopt the e-Naira due to its cost-effectiveness, safety, security, user-friendliness, and effectiveness.
Dr Veronica Makinde, the Deputy Vice-Chancellor of BOUESTI, commended the CBN for the initiative and assured their support in promoting the use of the e-Naira. Makinde highlighted the benefits of the e-Naira, such as reducing the risk of carrying cash for students and addressing issues like bank delays, theft, and loss of tuition fees and other miscellaneous charges.
