By Ngozi Onyeakusi—Students and management of tertiary institutions in Nigeria have been urged to adopt e-Naira for payment of tuition fee, salary and other transaction.

The Central Bank of Nigeria (CBN) gave the admonition at the Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti

Speaking during a sensitization programme on the e-Naira wallet at the school, the  Assistant Director, CBN Ekiti State branch, Mr. Ayodeji Adeboboye said the advocacy was organized to sensitise the students and other stakeholders on the benefits and importance of e-Naira transactions and why they should embrace the channel.

Adeboboye said e-Naira remains a viable alternative payment platform to physical cash transaction and should be utilized by all Nigerians for hitch-free and cost- effective transaction. He explained every financial transaction like payment of school fees by students, payment of staff salaries and buying and selling within the school community can be done seamlessly through the e-Naira wallet. The apex bank boss noted that the time has come for all Nigerians to key into the e-Naira wallet because of its numerous advantages, added that other countries have gone beyond cash payment and are now using electronic payment.