CBN to Expand eNaira for Salaries, Pensions and Welfare Payments

The Central Bank of Nigeria (CBN) has announced its intention to facilitate the payment of salaries, pensions, and social welfare benefits through the eNaira. This initiative is part of the Nigeria Payments System Vision 2028 (PSV2028), which serves as a strategic roadmap for enhancing the country's payment infrastructure. The CBN aims to transition the eNaira from its current pilot status to a fundamental element of Nigeria's financial ecosystem, thereby promoting efficiency and accessibility in government disbursements.

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