The Central Bank of Nigeria (CBN) on Thursday said it will before the end of the year launch its digital currency, after two years of exploring the possibility of issuing the same. Rakiya Mohammed, information technology at the CBN disclosed this on Thursday after the bankers committee meeting held via zoom.
The digital currency she said would help the country to achieve the 80 percent financial inclusion target, which it missed in 2020. When launched, the digital currency will be accessible to everybody just the way the local currency is accessible to everyone today, she said. Mohammed said the CBN will be making an announcement on this very soon.