New Naira issuance date likely to change– Emefiele

The governor of the Central Bank of Nigeria, Godwin Emefiele, has said the new naira notes might go into circulation before the December 15 date.

Emefiele stated this during the Monetary Policy Committee Meeting in Abuja. The announcement comes as the Director of Information Technology at the CBN, Rakiyat Mohammed, said that 36 million Nigerians do not have access to banking services.

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the President, Major General Muhammadu Buhari, will unveil the new naira notes during the weekly Federal Executive Council at the Presidential Villa on Wednesday.

She said on Tuesday during the Zenith Bank Tech Fair held in Lagos. She stated that the CBN was the first Central Bank in Africa to launch a CBDC.

The Punch report said the CBDC came as a result of the urgent need for the CBN to provide financial inclusion to the millions of Nigeria who are currently without financial services.

Citing a report by ACI, states that Nigeria has the 6th most advanced retail payment system in the world.
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