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"Digital Currency Will Boost GDP By $29bn In 10 Years" Buhari Express His Optimism At eNAIRA Launch

According to PUNCH NEWS", President Muhammadu Buhari, said digital currency and its underlying technology, called 'Block chain' can increase Nigeria's GDP by $29 billion over the next 10 years.

Speaking while unveiling eNaira on Monday in Abuja, President Buhari, said Nigeria's digital currency will help more people, and, businesses from the informal into the sector, thereby increasing the tax base of the country.

He said eNaira would cater for businesses, and, households seeking faster, and cheaper means of payment instead of 'Private Currencies', that have gained popularity, and acceptance across the world, including Nigeria.

Quoting From President Muhammadu Buhari's Own Statement As Related To The News:

"In recent times, the use of physical cash in conducting business, and making payments has been on the decline.

This trend has be exacerbated by the onset of the COVID- 19 pandemic, and, the resurgence of a new digital economy."

Godwin Emefiele, Governor of CBN in his speech, said the eNaira will make a significant positive difference to Nigeria, and Nigerians.

The apex bank rolled out two applications for the digital currency on Monday- eNaira Speed Wallet, and eNaira Merchant Wallet.

Content created and supplied by: MarkWitness (via Opera News )

Buhari Muhammadu Buhari Nigeria eNAIRA eNaira


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