Paying electricity bills, TV subscriptions, and flight tickets in eNaira will reportedly be possible from next week.
The Central Bank of Nigeria will reportedly enable locals to pay their bills, TV subscriptions, and flight tickets using the eNaira. The move is part of a campaign that aims to popularize the financial product and encourage people to employ it more often in their daily transactions.It is safe to say that the most populated country in Africa – Nigeria – is among the leaders in terms of CBDC efforts.
“Starting from next week, there is going to be an upgrade on the eNaira speed wallet app that will allow you to do transactions such as paying for DSTV or electric bills or even paying for flight tickets.“ “This is a project that the CBN has rolled out to reach out to every Nigerian in terms of financial inclusion and in terms of efficiency, reliability, and safety of banking transactions so that we can do banking transactions very easily and safely and the people in Nigeria can enjoy the benefit of the eNaira,” Koyor concluded.Despite the CBN’s attempts to introduce the eNaira to the locals, it remains uncertain how successful that move would be.
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