Nigeria’s Failing CBDC: The Results are Disappointing



Even after more than a year of running Nigeria’s CBDC eNaira is still unable to make a significant impact . The vast majority of Nigerians are opposed to it . However it is not the only issue at hand . The latest IMF study indicates that the underlying issues are more serious .

eNaira’s Adoption Is Hindered Because Infrastructural Problems

One of the most important financial events of 2021 was the introduction of the Nigerian CBDC . While the authorities have acknowledged the ambitious nature of their initiative early responses have been less than ideal . Despite “commendable” performance the Nigerian public usually shuns eNaira . According to the IMF’s latest review of the Nigerian CBDC’s output this is the case .

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