The Central Bank of Nigeria has urged students and administrators of tertiary institutions in the country to adopt the e-Naira as a means of payment for tuition fees, salaries, and other transactions due to its advantages.
Mr. Ayodeji Adeboboye, the Assistant Director of the CBN Ekiti State Branch, emphasized that the e-Naira is a practical and cost-effective alternative to physical cash transactions, and he encouraged all Nigerians to utilize it for seamless transactions.
Adeboboye conveyed this message during a sensitization campaign on the e-Naira wallet organized by the CBN at Bamidele Olumilua University of Education, Science, and Technology in Ikere-Ekiti, aiming to educate students and other stakeholders about the importance of embracing this platform.
Adeboboye 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.”
CBN e-Naira Consultant, Izuchukwu Nwankpa, also highlighted the significant benefits of adopting the e-Naira, including promoting financial inclusion and combating corruption and money laundering.
Nwankpa encouraged the university community and other stakeholders to embrace this alternative platform, emphasizing its cost-effectiveness, security, user-friendliness, and overall effectiveness.
Dr. Veronica Makinde, the Deputy Vice-Chancellor of BOUESTI, praised the CBN for its forward-thinking initiative and expressed the institution’s full support in promoting the use of the e-Naira. Makinde emphasized the advantages of the e-Naira in terms of student safety, eliminating bank-related delays and complications, and reducing the risks associated with carrying cash and potential loss of tuition and other fees.
