e-Naira Will Boost Nigeria’s GDP By $29bn In 10 Years – Buhari
October 25, 2021
12:49 pm
President Muhammadu Buhari has said the adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called blockchain, can increase Nigeria’s Gross Domestic Product, GDP, by $29 billion over the next 10 years.
Buhari disclosed this at the official launch of the e-Naira at the State House in Abuja.
The President said the introduction of the eNaira would enable the government send direct payments to citizens eligible for specific welfare programmes as well as foster cross border trade.
He noted that alongside digital innovations, CBDCs can foster economic growth through …
