Ethnic Youth Leaders Laud CBN’s eNaira Launch

By Udora Orizu

The Nigerian Ethnic Youth Leaders Council (NEYLC) has described as a welcome development the introduction of eNaira by the Central Bank of Nigeria (CBN).

The Apex bank had on Monday went live ahead of the October 1 launch of the country’s digital currency website. It said the eNaira opens up a whole new market of digital currency users for financial institutions to increase their customer base and add value to their account owners.

The council, which is made up of the Arewa Consultative Youth Movement, Ohanaeze Ndigbo Youth Movement, Oduduwa Youths and Middle Belt Youths, in a statement, noted that the CBN Governor, Godwin Emefiele, with this initiative has scored a huge goal for the nation’s economy.

The statement which was signed by Ohanaeze Secretary General, Nwada Ike Chiamaka, read in part, “As youth leaders across all the geopolitical zones, we are therefore calling on stakeholders to support this very promising innovation. We are of the strong opinion that the nation’s economy will be better off with this introduction.

“We also urge the CBN team led by Emefiele not to relent in their efforts to reposition Nigeria’s economy. We urge them not to bow to the antics of detractors who are always ready to rock the boat for their selfish reasons.”