In the light of awareness, the Central Bank of Nigeria (CBN) is trying to encourage Nigerians to further embrace the newly launched eNaira, revealing why it is better than cryptocurrencies.
mNaija recalled that the new Nigerian digital currency, eNaira was officially launched at the State House in Abuja by President Muhammadu Buhari on 25th October, 2021.
The CBN Director of Corporate Communications, Nnamdi Okwuosa stated that the eNaira operates in a regulated environment, suggesting that cryptos are not regulated.
He further submitted that the eNaira is a legal tender backed by a sovereign nation and the CBN will always be there to guide users against falling into danger.
Okwuosa made the submission during a fair organized by the apex bank held in Abia and Ebonyi States to create further awareness for the eNaira.
Speaking at the fair with the theme ‘Promoting financial stability and economic development,’ the CBN spokesperson argued that the eNaira is not a threat, and Nigerians should listen to and follow the guidance of the apex bank.
He said, “Digital currency (eNaira) is more reliable than cryptocurrency which is not regulated.”
Okwuosa urged stakeholders at the fair and Nigerians in general to avoid unregulated institutions and transactions which exposes them to scammers.