The African Centre for Justice and Human Rights (ACJHR) has hailed the Central Bank of Nigeria’s plan to launch eNaira, a digital currency, on October 1, as a positive step forward.

ACJHR insists the move would place Nigeria in its deserved place with the economies of the world, according to The Sun.

This, according to a statement made by ACJHR’s Acting Director of Operations and Programs Development, Bridget Akpeh, revealed the centre’s position.

What ACJHR is saying

The adoption of digital currency, according to Bridget, will allow for more inclusive economic engagement in the country.

This decision by the CBN led by its Governor, Godwin Emefiele, is the right decision at this digital age. The introduction of e-Naira will no doubt place Nigeria’s economy in its deserved place in the economies of the world,” Akpe said.

“It will open up the economy for more inclusion

“We, therefore, urge all critical stakeholders to join hands with the CBN to make this innovation work,” she added.

What you should know

In August, the Central Bank of Nigeria (CBN) announced that Bitt Inc., an international fintech firm, has been appointed as the Technical Partner for its digital currency, dubbed eNaira, which would be presented later this year.
Bitt Inc is a financial technology business that uses blockchain and distributed ledger technology to enable safe peer-to-peer transactions with seamless mobile money across Bitt’s software and mobile apps.
For more information about eNaira kindly the official website here.

In case you missed it

The website for the Central Bank of Nigeria’s digital currency, eNaira, has gone live on the internet.

The Central Bank of Nigeria (CBN) has been served with a cease-and-desist letter about the usage of the term “eNaira.”