CBN asks students to pay school fees with eNaira
Economy Education

CBN asks students to pay school fees with eNaira

The Central Bank of Nigeria (CBN) has advised Nigerian students to use the electronic naira (eNaira) platform to pay school fees and make other payments.

Mrs Rakiya Muhammed, the Director of the Information Technology Department at the CBN and Coordinator of Technical Working Committee, eNaira Secretariat, gave the advice during a sensitisation on eNaira at the University of Lagos, Akoka, Lagos.

Muhammed said the campaign was part of efforts by the apex bank to ensure that no group of Nigerians is denied the opportunity of accessing the digital currency.

The director, who was represented at the event by an official in the Information Technology Department of the apex bank, Khalipha Nuhu, said that the bank is engaging some organisations, institutions and students as part of the objective

: “We have been engaging some organisations, groups, institutions and students and part of the objective is to bring everyone on board; that is every Nigerian. So, we are not leaving anybody behind.

“Students are also targets of our engagement and where best to engage students than in a university.

So that is why we are here today to engage with the students and community of the University of Lagos to sensitise them on what eNaira is and also to get them onboard the platform.” Responding to a question on what was digital currency’s specific benefits for students, the CBN Director said: “You can use eNaira for a number of things. Payment of school fees is among the things you can use the eNaira for.

“Payments with eNaira are seamless; the settlement is instant so you won’t have issues of network problems and as we have mentioned to the students, the beauty of the eNaira is that you can onboard, using different types of platforms. You can do that using our USSD channels; using our mobile app, online and also through partner agents. “And the advantage is that you don’t even need to have a formal bank account to onboard on eNaira platform. You can also use your NIMC number which is part of our target to improve financial inclusion. So, people who are not in the formal banking sector can use eNaira for transactions.”

She said that given that students were innovative, leaders of tomorrow and more in tune with technology, the CBN expects them to become ambassadors of the digital currency.

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