The adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called blockchain, can increase Nigeria’s GDP by $29billion over the next 10 years, President Muhammadu Buhari said on Monday in Abuja at the official launch of the eNaira. The President also declared that the introduction of the eNaira would enable the government to send direct payments to citizens eligible for specific welfare programmes as well as foster cross border trade. President Buhari in a statement by presidential spokesman, Femi Adesina, said that alongside digital innovations, CBDCs can…
Read MoreBUHARI LAUNCHES NIGERIA’S DIGITAL CURRENCY, eNAIRA
