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Nigeria’s Payment System Attracted $500m Investment In 5 Years- Emefiele

The Central Bank of Nigeria has revealed that the payment system in Nigeria has attracted $500 million investment in the past five years. Jamb Results

According to NIGERIAN TRIBUNE, the CBN stated that country’s payment system had attracted the investment of about $500 million in firms run by Nigerian founders between 2015 and 2020.

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This was revealed by the CBN Governor, Mr. Godwin Emefiele on Wednesday at the 31st seminar for Finance Correspondents and Business Editors with the theme “Trends in Nigerian Payments System: Regulating the Fintech Digital playing Field”. Information Guide Nigeria

In his speech, Mr. Godwin Emefiele said that the decision of the CBN to introduce a central bank digital currency, the eNaira is aimed at fostering greater inclusion using digital channels as well as supporting cross border payments for businesses and firms and providing a reliable channel for remittances inflows into the country.

NIGERIAN TRIBUNE reports that the CBN Governor also said that the deployment of eNaira will enhance the conduct of financial activities in remote areas using their digital as well as features on phone devices.

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