The apex bank urged the university to adopt the new system for financial transactions within the varsity environment.
“The eNaira plays a vital role in promoting financial inclusion, particularly for individuals without access to traditional banking services. This digital currency opens doors for those who may have been previously excluded from the formal financial system, granting them the ability to engage in digital transactions and experience the benefits of financial empowerment.
“The eNaira serves as a catalyst for economic growth, as evidenced by other countries’ successful adoption of central bank digital currencies. China’s digital yuan and the Bahamas’ Sand Dollar have demonstrated how CBDCs can boost the efficiency of financial systems and stimulate economic development. By embracing the eNaira, we position ourselves at the forefront of progress, fostering a thriving economic environment.
In her remarks, the Vice Chancellor of FUTA, Prof Adenike Oladiji lauded the apex bank for the digital currency initiative but advised the bank to carry the youths along.
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