According to CoinDesk, Folashodun Shonubi, acting governor of the Central Bank of Nigeria (CBN), said that Nigeria is changing its eNaira model to encourage greater use of its central bank digital currency (CBDC).
Nigeria has been trying to promote wider adoption of eNaira, which was launched in October 2021. Although the number of eNaira wallets grew more than 12 times to 13 million between October 2022 and March this year, it is a small number for a country with a population of nearly 224 million.
In order to improve service quality and make it more user-friendly, the CBN has upgraded its eNaira app to enable contactless payments, local media The Sun reported in early July. The bank did not provide details of the planned changes to the eNaira model and did not respond to a request for comment.