They will shift date like 5times

otokx:
Someone should please explain the benefit of e-Naira.

It has benefits, but the benefits are matched by disadvantages.

For example, e-Naira should help reduce fraud, but the system can be hacked thereby increasing fraud.

Another example, e-Naira should be flexible and convenient, but then you need an Internet and internet connection. How many Nigerians can afford that?

In summary, every benefit of the e-Naira is cancelled out by a disadvantage.

Very good if it’s service and purpose will not be hijacked by these terrorists in govment

SarkinYarki:
You can't even maintain physical naira and you want to create a digital wallet

that has no evidence that it has passed globally recognized certification for security and privacy - that is how hackers will draw down

otokx:
Someone should please explain the benefit of e-Naira.

You take your brain know the benefits of Bitcoin which your country no get control over it ,, na your own country CBN e- Naira go hard you to understand ?

You are on your own...

This only means, Bankers will start losing their jobs and there is no use for a bank account anymore.

OP this your heading... Is it an order?

BluntTheApostle:


It has benefits, but the benefits are matched by disadvantages.

For example, e-Naira should help reduce fraud, but the system can be hacked thereby increasing fraud.

Another example, e-Naira should be flexible and convenient, but then you need an Internet and internet connection. How many Nigerians can afford that?

In summary, every benefit of the e-Naira is cancelled out by a disadvantage.

But Nigerians have data to download and stream Buhari’s visit to Imo.
Problem of Nigerian youths is that they overlook Nigeria problem and focused on making wealth which they may likely not enjoy because either they base here to face security risk or their investments and loved ones are facing it here so let’s think how to protect each other against each other

Hotzone:


But Nigerian has data to download and stream Buhari’s visit to Imo

. I wonder wooo !

Nairaland is where you find mostly ignorant people forcing themselves to comment on every thread.


Bikonu in matters like this let's allow the experts comment first. Then we sit and learn before contributing

slawormiir:
Damnnn niggar
Isoright...

All these people go fit secure and maintain am

I be nor dey do local before o...

Make this one nor come make me start to dey run local
Boys sit down their own now...una want dey give them more tools and format with this introduction of e naira

gee no mind this punkass peepz dem wan implicate their family..

You are saying what am thinking.

zinaunreal:
There won't be need for banks again. Why send money to Nigeria when I can just use my entire and exchange asap. Lol banks are gone and they didn't even see it coming as big as they are

It is a welcome development but another way for government to deduct /stealing Nigerians money by legal backing .

Decentdave:
After banning crypto.So how do we now trade E naira ..confused Godwin Emefile

He thinks people will fall whatever he calls.. it Instead of him to work on d Naria.. na E naria.

Anyway not interested.

otokx:
Someone should please explain the benefit of e-Naira.

I think it will function like Opay we used then ... Just fund your CBN e naira and you will be transferring between customers........ Just that Enaira will be backed by CBN !!

You have the App, I have the App ... I buy goods from you, I transfer(pay) to your App.... I render service to you, You transfer(pay) to my App ..

Paper currency is about to be eradicated..... we will use little paper money ... Everything now goes on phone !

Sanchez01:
It is best to avoid this sham if anyone knows what they are doing. They banned crypto in Nigeria only to create theirs and then stylishly foisting it on those they deprived of crypto trading. How a country works anticlockwise and in this manner is quite unbelievable.

You can't avoid it ... Once bank stop giving out paper money ... you will be forced to use eNaira ..... Just like Bank direct us to ATM, they will direct you to the App .... If you collect cash, they will charge you for cash ....

They know how they do it !!

For why now

DonroxyII:
You can't avoid it ... Once bank stop giving out paper money ... you will be forced to use eNaira ..... Just like Bank direct us to ATM, they will direct you to the App .... If you collect cash, they will charge you for cash ....

They know how they do it !!

You're over thinking this. It can't happen and it won't happen. You realise that this is targeted at the youths, right? What then happens with older people who are uneducated? What happens with traders in the market? Trust me, if they go the way you claim, Northern traders will bleed to death before Southern traders and that they won't allow. The whole thing is an attempt of a desperate government to pretend that it is trendy and youth inclined.

Debit and credit cards serve specific purposes, I'm sure. A darned Nigerian wallet can't kill them anytime soon, let alone overnight. Trust me, this e-Naira show signs of a failed project already

Toorh

They should first do airdrop na

Great move.

Sanchez01:

You're over thinking this. It can't happen and it won't happen. You realise that this is targeted at the youths, right? What then happens with older people who are uneducated? What happens with traders in the market? Trust me, if they go the way you claim, Northern traders will bleed to death before Southern traders and that they won't allow. The whole thing is an attempt of a desperate government to pretend that it is trendy and youth inclined.

Debit and credit cards serve specific purposes, I'm sure. A darned Nigerian wallet can't kill them anytime soon, let alone overnight. Trust me, this e-Naira show signs of a failed project already

It is not me overthinking .... i was just stating the obvious

They just want to replace paper money with digital money .....

We have used it via Opay before .... I used Opay wallet for bike, barbing and supermarkets ..... Enter shop, scan the barcode and pay ... Payment confirmed, take your goods and off you go.....

All you do is use bank to fund your eNaira and start spending ..... it's just another channel to make payment .... you can also use your Bank App, ATM and other channels ....

But eNaira is CBN backed that's all !!

Shey dem no go do airdrop??

Why on earth will I use e-Naira, what for

DonroxyII:
It is not me overthinking .... i was just stating the obvious

They just want to replace paper money with digital money .....

We have used it via Opay before .... I used Opay wallet for bike, barbing and supermarkets ..... Enter the shop, scan the barcode and pay ... Payment confirmed, take your goods and off you go.....

All you do is use a bank to fund your eNaira and start spending ..... it's just another channel to make payment .... you can also use your Bank App, ATM, and other channels ....

But eNaira is CBN backed that's all !!

Oga calm down, yes it will reduce the use of paper money in circulation but to completely compete with it - NO WAY!!

This is not the first time an E-currency is being introduced, this is just another innovation of the same family. Sanusi started with the cashless policy remember? Paper money is as old as Earth itself, you can't take it out, not even the "almighty" Federal Reserves can.

Oh really

zolajpower:

Ladies and gentlemen
Come and see how the dollar will go a record high in the world for 1500/$ with the e-naira wallet wahala emefiele has introduced. All this just to thrive the only apex bank gov in Nigeria whose policy helps and benefit the cefa to be stronger than the naira . Anyways , I thank you for your policy because this has helped me a lot each time the dollar goes up because I'm one of the beneficiaries of the dollar to naira

how do you benefit, pls enlighten me abeg

otokx:
Someone should please explain the benefit of e-Naira.

Benefits:
They won't spend to print naira anymore.
they can always create more e-naira for themselves anytime they want. (PS: 2023 is coming and more money is needed!)

“Today the cost of producing the naira and coins is very high. It costs money to print naira in this country. Now, the minting of e-naira is electronic so it reduces cost,”


Nigeria my country ��

Why will you require documents to exchange your naira to dollar in a sane country?
This country is completely useless under this dumb Buhari I swear.
Useless Fulanis! Dead Fulanis!