A Software Development Expert, Dr Yele Okeremi, has called on the Central Bank of Nigeria (CBN) to publicise its recently launched eNaira to further deepen the country’s cashless mode of payment.
Okeremi, Chief Executive Officer, Precise Financial Systems (PFS), made this known in an interview with The Tide’s source in Lagos.
The software expert said CBN should ensure, through publicity, more Nigerians accept the e-naira because of its safer and efficient mode of payment.
Reports said that eNaira is an electronic version of the local paper naira, equal in value and issued by the CBN.
It is not intended to replace cash but functions as a safer and efficient alternative means of payment.
The eNaira was unveiled at State House by President Muhammadu Buhari, on October 25, 2021 to increase remittances, foster cross-border trade, improve financial inclusion and enable the government to make welfare payments more easily.
Buhari said the adoption of eNaira would improve economic activities and increase Nigerian GDP by $29 billion over the next 10 years.
The President said that Nigeria had become the first country in Africa and one of the first in the world to introduce a digital currency to it citizens.
The theme of the eNaira is, “Same Naira, more possibilities”.
Okeremi wondered why the impact of the eNaira was yet to be accepted by Nigerians, a year after it was launched.
“The accessibility rate of the eNaira is still below 20 per cent. This is not because we have failed to use it, it is rather because we are still attempting to use it.
“We can make it more accessible to Nigerians. One way is to enable non smart phone users to access it without the internet.
“The promotion of the eNaira shoulmore on the merchants. Buyers will naturally key in as soon the merchants have accepted it,” he said.
Okeremi continued that access to the eNaira should be opened to both the traders and Marchants to educate the public about it so that people do not see it as an elitist policy.
“The eNaira is just our normal naira. The difference is that the person holding it is not carrying notes, it is a legal tender issued by the CBN,” he said.
Bayelsa Gives Grant To Small Scale Business Owners
The Bayelsa State Governor, Senator Douye Diri, has commenced the payment of N200,000 each as grant to beneficiaries to boost their businesses.
This, he said, is in line with his commitment to the growth and development of Small and Medium Scale Enterprises in the state.
The grant, which was given through the Government’s programme tagged, “Women and Youths Empowerment Scheme”, is for beneficiaries of the September phase of the programme across the state.
About 210 women and youths across the eight Local Government Areas of the State benefited from the September edition of the empowerment programme.
Speaking to newsmen shortly after the event, the Coordinator of the programme and state Commissioner for Women, Children Affairs and Social Welfare, Mrs Faith Opene, said the empowerment scheme was borne out of “Governor Diri’s will to support and encourage Bayelsans to thrive in their businesses, and own the state’s local economy”.
By: Ariwera Ibibo-Howells, Yenagoa
Meta Force Unveils Financial Freedom Platform In PH
A decentralised business platform known as “Meta Force Elite Group” has announced its presence in Port Harcourt for residents and target participants to leverage on available opportunities to achieve financial freedom.
The platform, which was unveiled at the Hotel Presidential in Port Harcourt, recently, was led by spokesman of the “Team Elite Group”, Olusegun Oye, and other stakeholders amidst a massive turn out by members of the public.
Explaining the concept to the participants at the event, the Team Elite group spokesman said the platform “offers a chain of financial and other bussiness packages, and is intended to make millionaires from among ordinary Nigerians without stress”.
He said the move into Port Harcourt was part of its target to expand its scope of operations to the benefit of more participants across the country.
Speaking further with newsmen shortly after the event, Oye said the aim is to enable the beneficiaries access the various block chains and components offered by the platform to attain sustainable financial breakthrough and enhance their state of economic livelihood.
He said Meta Force, which operates with the slogan, “creating millionaires”, has a track record of consistency and sustainability in its service delivery and has fifteen to twenty components for people to earn money world wide, including Non Fungible Token (NFT), which attracts royalty for intellectual creative capital, such as songs, art works, books, etc.
Oye further explained that the block chain, which has created positive impacts on the lives of the beneficiaries, is open to the general populace, noting that the offer and opportunities is still elusive in many parts of the country.
The spokesman said the opportunities of benefiting from the “smart contract” has been taken to various parts of the country with a whopping discount to the participants, particularly the youth and lowly in the society, adding that the target is to raise people above denigrating poverty levels to a strong financial footing.
He described the absence of proper regulations in online bussiness in Nigeria as the bane of trust and sustainable development in the sector, “which makes the operators to take advantage of the populace to make money”.
He urged concerned authorities and agencies to exert adroit check on the activities of online bussiness operators to protect the society from being swindled without punitive measures for the defaulters.
PRMCSL Harps On Promoting MSMEs
The Chairman Board Of Trustee and President of Port Harcourt Revival Multipurpose Co-operative Society Limited (PRMCSL), Mr Nwosu Reginald Oguchi, has said the newly inaugurated organisation will focus on promoting Micro, Small and Medium Enterprises (MSMEs), using its members’ subscription.
Oguchi, who said this in an exclusive interview with The Tide shortly after the inauguration of the executive officers of PRMCSL, weekend in Port Harcourt, noted that the Co-operative will also invest in Agro-business value chain and export in Nigeria.
He stated that the passion of the organisation is to create sustainable enterprises for its members for them to manage same and subsequently realize their economic and social needs.
Oguchi, who is also the MD/ CEO of Noble Queen Oil Nigeria Ltd., revealed that the common practice of every other co-operative society is stiff and loan, but PRMCSL is using their members’ subscription to invest, especially on best Agro-business and export, and at the end of the day they will raise enough revenue to be shared among their members.
“You can agree with me that advanced economies progress faster through cooperative as MSMEs to achieve sustainable development.
“Revival Multipurpose Co-operative Society Limited will focuse more on investment, especially on Agro-business value chain and export”, Oguchi said.
The BOT Chairman guaranteed forty percent dividend for every member annually, adding that the major challenge of many cooperative societies is funding, “but in PRMCSL, members will put together their fund, and are not going to borrow it to any institution for interest rate.
“So, all we need to do is to use that fund usefully and profitable in investment”.
He noted that the co-operative would be willing to train any member lacking in their businesses, adding “what they do as cooperative is to train the member properly in that particular area and then established him to the micro level and run it with him, after sometime, we handover to him.
“Any of our members who feel like establishing his own cooperative using PRMCSL standard, we will permit him after training and we can allow him to finance our society to start his own. We will also monitor him so that he did not fall below standard at any given time.
“We are going to give Rivers State people special attention because we are doing the business in Rivers state”, he stated.
By; Lillian Peters/Kiadum Edookor
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