The Central Bank of Nigeria issued a statement urging students and management of tertiary institutions across the country to embrace the use of e-Naira for various transactions, including payment of tuition fees and salaries. The bank emphasised the numerous advantages associated with adopting this digital payment system.
The Assistant Director, CBN Ekiti State Branch, Mr Ayodeji Adeboboye, said that e-Naira remained “a viable alternative payment platform to physical cash transaction and should be utilised by all Nigerians for hitch-free and cost-effective transactions.”
Adeboboye, who spoke during a sensitisation drive on e-Naira wallet by CBN at Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti, said the exercise was to sensitise the students and other stakeholders on the need to embrace the platform.
He 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”, Adeboboye said.
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