Nigerians without internet-enabled phones can access eNaira – CBN
Nigerians without internet-enabled phones will be able to access and transact with the eNaira, according to the Central Bank of Nigeria The CBN revealed this in a document titled “Design paper for the eNaira.” Ultimately, eNaira’s usability would definitely improve as Nigerians would be able to transact without subscribing to data or have an internet enable phone. CBN said, “The eNaira thus risks further alienating sections of the population who are uneducated, lack exposure and access to internet services or digital devices,”. According to macrotrends: Adult literacy rate is the percentage of people ages 15 and above who can both read and write with understanding a short simple statement about their everyday life. Nigeria literacy rate for 2018 was 62.02% , a 10.94% increase from 2008. “To mitigate this risk, the bank factored in the need for inclusiveness as part of the core design principle of the eNaira. This principle has enabled the bank t...