The value of transactions on the eNaira has risen to N4 billion since its launch on October 25, 2021.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed this on Thursday at the finale of the 2022 eNaira hackathon in Abuja.
The Controller of the CBN in Enugu State, Chedozie Okonjo, also stated in December last year that the apex bank had recorded over 34,000 transactions on the eNaira platform, with a total value exceeding N188 million. He made this known at the 2021 Annual Bankers Dinner and Lecture organised by the Enugu State branch of the Chartered Institute of Bankers of Nigeria.
Okonjo added that the platform had recorded over 583,000 consumer wallets and about 83,000 merchant wallet downloads, with usage spanning more than 160 countries according to Google Play Store and Apple Store data. He noted that over 34,000 transactions had been processed, amounting to over N188 million, describing the adoption rate as encouraging.
According to CBN officials, this represented an increase of 2,027.66 percent from December to August.
Emefiele, speaking at the 2022 eNaira Hackathon, said the platform had recorded about 840,000 downloads and 200,000 transaction volumes. He explained that there were about 270,000 active wallets, comprising over 252,000 consumer wallets and 17,000 merchant wallets.
He added that transaction volume and value had reached over 200,000 and N4 billion respectively. He also noted that merchants and consumers with bank accounts would soon be able to use the NIBSS Instant Payment system to transfer and receive eNaira to any bank account, which would further integrate the digital currency into the national payment infrastructure.
The CBN Governor stated that the apex bank was targeting about eight million active users in the next phase of the eNaira rollout.
The Deputy Governor for Economic Policy at the CBN, Kingsley Obiora, also praised the initiative, describing it as a shift toward a more paperless economy. He noted that the bank had reduced currency minting over recent years to support the transition to a cashless financial system.
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