The Central Bank of Nigeria on Thursday admonished students and management of tertiary institutions in the country to adopt the e-Naira for payment of tuition fees, salaries, and other transactions in view of its benefits.
The
Assistant Director, CBN Ekiti State Branch, Mr Ayodeji Adeboboye, said that
e-Naira remained “a viable alternative payment platform to physical cash
transaction and should be utilised by all Nigerians for hitch-free and
cost-effective transactions.”
Adeboboye,
who spoke during a sensitisation drive on e-Naira wallet by CBN at Bamidele
Olumilua University of Education, Science and Technology, Ikere-Ekiti, said the
exercise was to sensitise the students and other stakeholders on the need to
embrace the platform.
He said,
“Every financial transaction such as payment of school fees by students,
payment of staff salaries, and buying and selling within the school community
can be done seamlessly through the e-Naira wallet.
“The time
has come for all Nigerians to key into the e-Naira wallet because of its
numerous advantages. Other countries have gone beyond cash payment and are now
using electronic payments”, Adeboboye said.
CBN e-Naira
Consultant, Izuchukwu Nwankpa, said that “e-Naira offers financial inclusion
and helps tackle corruption and money laundering as well as improve the
efficiency of the financial system.
Nwankpa
encouraged the university community and other stakeholders to embrace the
alternative platform, which he said “is cost-effective, safe, secure,
user-friendly and effective”.
The
Deputy Vice-Chancellor, BOUESTI, Dr Veronica Makinde, lauded the CBN for the
initiative and assured of the institution’s support in promoting the use of the
e-Naira.
Makinde
said, “We will be ready to key into the e-Naira initiative as it will assist in
saving our students the risk of carrying cash and help reduce students’
complaints of bank bottlenecks, theft, and loss of tuition and other sundry
fees”.
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