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eNaira set to launch blockchain technology in Nigeria

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Nigeria has launched a central bank digital currency, also known as eNaira, to encourage blockchain technology.

The African Continental Free Trade Area (AfCFTA) has recently been a hot topic on the continent, and according to the Manufacturers Association of Nigeria (MAN) and other private sector players, African countries require a digital currency for AfCFTA to be implemented successfully.

The private sector also claims that if properly utilised, blockchain might add up to $29 billion to Nigeria’s GDP by 2030.

According to MAN’s Director-General, Segun Ajayi-Kadir, eNaira is likely to play a crucial role in the future of the country’s trade. Continue Reading

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