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CBN Urges Schools to Adopt E-Naira for Fee Payment

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CBN Urges Schools to Adopt E-Naira for Fee Payment

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The Central Bank of Nigeria (CBN) is encouraging schools to adopt the e-naira for fee payment.

Over 20 million Nigerians have already embraced the initiative, and the CBN is urging others to follow suit for seamless daily transactions.

The CBN recently took the e-naira campaign to the University of Jos, where they encouraged the management, staff, and students to use e-naira wallets for cost-effective transactions.

The CBN Jos Branch Controller, Esther Tinat, explained that the e-naira initiative is easy to use and can be used for purchasing anything.

The CBN hopes to capture the student market and encourage schools to adopt the e-naira for fee payment.

Izuchukwu Nwankpa, a CBN e-naira consultant, stated that over 20 million people have already embraced the initiative.

The e-naira is designed to facilitate small transactions and reduce the cost of banking services.

However, the University of Jos’s Vice-Chancellor and other principal staff have called for improved technology to ensure the payment process is not cumbersome.

This article was updated 5 months ago

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