eNAIRA DIGITAL CURRENCY WILL REVAMP NIGERIA’S GROSS DOMESTIC PRODUCT

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    By Male Hassan

    @ do you now.ng

    President Muhammadu Buhari has stressed that, the introduction of eNaira by central bank of Nigeria will add a whopping sum of $2.9 trillion (1.189 trillion) every year to the country’s gross domestic product ( GDP).

    President Buhari made this known during the launch of the national digital currency introduced by Gov. of the central bank of Nigeria (CBN) Godwin Emefiele.

    Buhari announced that, the new currency will foster economic growth through better economic activities, noting that, the block chain, can increase Nigeria’s GDP by US$29 billion over the next 10 years.

    The number one citizen however scored Emefiele high for achieving the feat, adding that, Nigeria has become the first in Africa, and one of the first in the world to introduce the digital currency to it’s citizen.

    He explained that, the new currency will help increase remittances, foster cross border trade, improve financial inclusion amongst other benefits.

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