The Vice Chancellor of the University of Ilorin, Prof. Wahab Olasupo -Egbewole (SAN), has urged the Central Bank of Nigeria (CBN) to make the e-Naira policy accessible outside the country.

According to NEWS DAIRY, Nigerians abroad to facilitate the settlement of their international transactions.

Egbewole said this on Monday when he received members of a delegation from the CBN and Zenith Bank Plc, in Ilorin.Information Guide Nigeria

Members of the delegation was on the university campus to sensitise the students and staff of the institution to the e-Naira policy tagged “Road map to e-Naira: An initiative of CBN in partnership with Zenith Bank”.

Egbewole observed that Nigerians who travel abroad find it difficult to spend or use any Nigeria account anywhere in the world.

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As a result, he urged the CBN to facilitate the acceptance of the e-Naira policy outside the shores of Nigeria, stressing that Nigeria would be making a statement in the commity of nations if this was achieved.

He lamented that it was sad to see people from less developed countries using their bank cards outside their territories while welcoming the e-Naira initiative for accommodating offline transactions for the sake of unbanked Nigerians.NYSC Portal

NEWS DAIRY reports that the Project Manager of e-Naira in the CBN, Mr Fadele Adeolu, in his presentation explained that the e-Naira came to strengthen and enhance the existing payment channels and was not intended to replace or disrupt them.

While making further clarification on how it would benefit the University system, the e-Naira Project Manager explained that the CBN team has been engaging with the Accountant-General of the Federation and a committee was set up to look at the Treasury Single Account.

As reported by NEWS DAIRY, other CBN officials who spoke in the same vein included Mr Izuchukwu Nwama and the acting Branch Controller of CBN in Kwara State, Mr Segun Rotimi Ogbonbolu.

In his contribution, the Deputy Vice Chancellor (Academic), Prof. Abayomi Omotesho, who represented the Vice Chancellor at the second meeting, said that if the e-Naira payment platform would help the University with payment efficiency, improve financial inclusion and act as a means for students to earn some money, then the institution’s management would support the policy, NEWS DAIRY reports.JAMB Result

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