The President Muhammadu Buhari has on Monday, launched the eNaira platform.

The eNaira is a culmination of several years of research work by the Central Bank of Nigeria, CBN, in advancing the boundaries of payments system in order to make financial transactions easier and seamless for every stratum of society.

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The launch was described by CBN Governor, Godwin Emefiele, as the first in Africa and one of the earliest around the world.

Emefiele said, “Mr President, today you make history, yet again, with the launch of the eNaira – the first in Africa and one of the earliest around the world.

“Mr. President, as you make groundbreaking reforms, there has been continuing debate on the true value of the Naira.

“Rather than worry today on the direction of the exchange rate, let us take a step back and analyse how we got here in the first place.”