Money

Lagos Missing as North Leads in eNaira Adoption in Nigeria

Tuesday, January 04, 2022 at 8:30 AM by Pascal Oparada

Nigeria;s digital currency, the eNaira is making massive strides and is being adopted in more states in the country
Borno, Gombe and Taraba states are among the top states in the Northern part of Nigeria which have seen wide adoption of the digital currency
Lagos State, the commercial nerve centre of Nigeria is not among the top 20 states which have adopted the eNaira

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Nigeria’s commercial capital, Lagos State is conspicuously missing among the top states with the highest adoption of Nigeria’s digital currency, the eNaira.

Data from Google Trends show that the eNaira is really popular in the Northern states in Nigeria.

Data don't lie

Nairametrics data, verified by Legit.ng, shows that Borno state is leading with 81 per cent adoption followed by Sokoto, Gombe and Taraba states.

A new dawn for the eNaira?

Experts predict that Nigeria’s digital currency will see massive adoption in 2022.

The eNaira is at par with the physical naira and is stored in a wallet electronically.

The eNaira Speed wallet account registration is simple and has inbuilt security features that ensure account holders’ information is protected.

Banks with the highest number of activated consumers wallets include Access Bank, Zenith Bank, First Bank, UBA, Polaris Bank and Ecobank.

Twenty thousand merchant wallets were active with about 20 per cent domiciled with Ecobank, Union Bank, Stanbic IBTC, and Ecobank.

CBN confirms giant strides of the eNaira

Legit.ng reports that The Central Bank of Nigeria says the recently launched eNaira is breaking bounds and has recorded over 34,000 transactions totaling N188 million on its platform.