eNaira records 840,000 downloads, 270,000 active Wallets – CBN

The Central Bank of Nigeria (CBN) on Thursday said the eNaira hackathon recorded 840,000 downloads, with about 270,000 active wallets comprising over 252,000 consumer wallets and 17,000 merchant wallets.

In addition, the volume and value of transactions on the platform have been remarkable, reaching above 200,000 and N4.0 billion, respectively.

Godwin Emefiele, CBN Governor, stated this at the Grand Finale of the eNaira Hackathon in Abuja, while noting that the figure comprised over 252,000 consumer wallets and 17,000 merchant wallets.

According to him, the volume and value of transactions on the platform had reached above 200,000 and N4.0 billion, respectively.

Emefiele said the eNaira hackathon recorded a sizeable interest from young and innovative Nigerians with a total of 4,667 registrations, comprising 4,082 male and 582 female applicants.

“It is pertinent to mention the eNaira hackathon recorded a sizeable interest from young and innovative Nigerians with a total of 4,667 registrations, comprising 4,082 male and 582 female applicants. This further corroborates the fact that Nigerians, both within and outside the country, possess innovative ideas and are willing and ready to leverage on exciting opportunities that the eNaira presents for enhancing digital financial services and contributing to national development.

“It would interest you to know that Nigeria was put in a global spotlight last year on October 25, when His Excellency, President Muhammadu Buhari GCFR launched the eNaira, making Nigeria the first African country to launch a Central Bank Digital Currency (CBDC).

“As captured in the design paper released, eNaira is a journey, not a one-time event. Remarkably, this hackathon event is a continuation of that journey, and the first among many to come given that the future of central banking is inextricably bound to innovation.

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