eNaira downloads almost 600,000 in less than 4 weeks – CBN Gov, Emefiele

Central Bank of Nigeria Governor Godwin Emefiele said that in less than four weeks, the eNaira app had recorded nearly 600,000 downloads since its launch in October.

Emefiele revealed it at the Chartered Institute of Bankers of Nigeria’s 56th Annual Bankers Dinner on Friday evening at the Federal Palace Hotel in Lagos.

“In less than 4 weeks since its launch, nearly 600,000 downloads of the e-Naira application have taken place.

“Efforts are underway to encourage faster adoption of the e-Naira by Nigerians who do not have smartphones.

“Support from the financial sector will be essential in the ongoing deployment of the e-Naira and efforts are underway to encourage the continuation of the partnership between the CBN and financial sector stakeholders,” he said.

The CBN Governor noted that building a robust payment system that would provide cheap, efficient and faster means of making payments for most Nigerians has always been the focus of the bank’s attention. umbrella.

According to him, “the increasing pace of digitization on a global scale makes the use of digital channels essential to achieve this goal”.

Emefiele said the total volume of transactions using digital channels more than doubled between 2018 and 2020, with volumes increasing from 1.3 billion to over 3.3 billion financial transactions in 2020.

He said digital payment channels have also helped support continued business operations during the lockdown.

He said the robust banking sector payments system has continued to evolve to meet the needs of households and businesses in Nigeria, reflecting confidence in our payment system, indicating that between 2015 and September 2021, around 900 million of dollars were invested in managed businesses. by the Nigerian founders.

“Despite these gains, nearly 36% of adult Nigerians do not have access to financial services.

“Improving access to finance for individuals and businesses through digital channels can help improve financial inclusion, lower transaction costs and increase the flow of credit to households and businesses”, a- he stressed.


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