The eNaira Project: Does it even make any sense?

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NiceGuy
Senior
Location: Lagos
 

September 10th, 2021, 5:18 am

See, the way I look at things these days is from the angle of cost benefit analysis. What's up with the e-Naira idea?
Enaira
Enaira
To me, it doesn't make any sense. It's just another distraction in a country that banned Twitter, Cryptocurrencies etc.

Now, a country that is wallowing in so much foreign debts, underdevelopment, insecurity, unemployment, dwindling foreign earning, self deceit as giant of Africa is now trying to create her own Crypto currency and her own Twitter (Crowe or whatever).

See, we have more important issues to resolve first. To me, the enaira is jut another waste of attention and resources. It looks like another scam to me.

How would the enaira thing help our country? How would it help the Naira? 1 Naira = 1 enaira. Doesn't make sense.

What value is the enaira going to add to us? What problems is it coming to solve? NONE!
It's no value. There's nothing we can't do already that enaira is coming to do.

My advice is that CBN and Emefiele should stop wasting our time and money on moribund ideas.

It's like a child trying to fly when he has not even taken the first step after crawling since 1960!

Let's get out of this crawling stage first. Let's even walk first. Then walk, run, jump before thinking of flying.

Resolve insecurity, rising debt, massive unemployment, dying health and education sectors, fuel scarcity, inflation and more first!!!!

If I'm to rate this country's administration with the basic 9 o-level courses that are elementary, I'd score Nigeria F9 in all Economics, Mathematics and History, among others.

Just my thoughts!

Please share...

I'm really not that nice... :mrgreen:
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eMade
VIP VIP
Location: Abuja
 

September 10th, 2021, 5:21 am

Nice thoughts. Hope we listen.
Learn more about βCoins: 61200 ✓ VIP Members: 61848 ✓ Referral: 62508
User avatar
Deon
Senior
Location: Some where in Nigeria
 

September 10th, 2021, 7:23 am

My question is,
is this e-Naira gonna be built on blockchain?

Somebody yesterday said he wants to be remembered for stabilizing the corntree,
i dunno the corntree he is referring to sef
An eye for an eye left thousands blind,
remember that......
User avatar
Horlar626
Senior
 

September 10th, 2021, 7:42 am

This corntree na wow
the sun is rising :thnk: :thnk:
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TitanKenneth
Senior
Location: New York
 

September 10th, 2021, 7:54 am

PURE BULLSHIT! IT MAKES NO SENSE BRINGING THIS NOW
Follow me on facebook "Titan Kenneth".
https://mobile.facebook.com/profile.php ... speed_dial
User avatar
Slayobrey
Senior
 

September 10th, 2021, 8:56 am

:lol;
Deon wrote: September 10th, 2021, 7:23 am My question is,
is this e-Naira gonna be built on blockchain?

Somebody yesterday said he wants to be remembered for stabilizing the corntree,
i dunno the corntree he is referring to sef
User avatar
Dube
Senior
Location: Yola
 

September 10th, 2021, 9:50 am

Las las the e-naira no go reign,no value in the currency
User avatar
Deon
Senior
Location: Some where in Nigeria
 

September 10th, 2021, 10:11 am

Dube wrote: September 10th, 2021, 9:50 am Las las the e-naira no go reign,no value in the currency
Aswear!
if they like they should bring NairaCoin,
if things still remain like this in the corntree, it wont work
An eye for an eye left thousands blind,
remember that......
User avatar
Tec
Senior
 

October 16th, 2021, 1:47 am

I don't think it can do what real cryptos do. How are we so sure of the security? Moreover, it's just another burden.
I buy & trade in Bestnaija βCoins. Any amount. PM me. :w:
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Coded20
Senior
Location: Ondo
 

October 16th, 2021, 1:54 pm

Ewetin...
No Love💔 In The City Just Make Money🤑 And Pray Not To Die Young🙏
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NiceGuy
Senior
Location: Lagos
 

October 16th, 2021, 7:12 pm

According to the eNaira website enaira.com, the following are benefits of enaira. But you will agree they are neither unique nor desirable:

.
.
.


Welcome
Organizations and individuals are seeking fast, safe, easy, and cheap means of payment, eNaira was minted to meet these pressing needs.

eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. eNaira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money.

There are several benefits from a central bank-issued digital currency in Nigeria, and this cuts across different sectors of, and concerns of the economy.

eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.

Growth
eNaira fosters Economic Growth by offering easier access to capital and financial services thereby increasing economic activities at low/no interest transaction rate.

Remittance
eNaira provides a secure and cheaper diaspora Remittance option and an increase in the speed of such transactions.

Monitoring
eNaira's traceability limits its use for illicit or fraudulent purposes.

Welfare
eNaira enables effective, equitable, and faster distribution of cash assistance to households and communities included in government Social Welfare Programs.

Inclusion
eNaira provides Financial Inclusion by making financial services available to people or communities who do not have (enough) banking opportunity.

Trade
eNaira increases Local and International Trade by making transactions cheap, safe, quick, and better.

Security
eNaira has a stronger security because it cannot be forged or counterfeited as a result of its unique identity and security structure.

Revenue
eNaira aids Revenue collection by reducing cash handling costs.


Same Naira. - More Possibilities.
The eNaira is the Nigerian digital currency that is issued and regulated by the Central Bank of Nigeria. Its functionality delivers speedy, safe, and simple trading and transactional opportunities to customers and end-users:

It is exchanged peer to peer.
It is universal – anybody can hold it.
It does not yield any interest.
eNaira Features

Unified Payment System
Customers can now move money from their bank account to their eNaira wallet with ease.

Contactless Payment
Customers can make in-store payment using their eNaira wallet by scanning QR codes.

Bank Account Management
Customers can monitor their eNaira wallet, check balances and view transaction history.

Peer-to-Peer Payment
Allows users to send money to one another through a linked bank account or card.
I'm really not that nice... :mrgreen:
User avatar
Deon
Senior
Location: Some where in Nigeria
 

October 16th, 2021, 9:49 pm

Tec wrote: October 16th, 2021, 1:47 am I don't think it can do what real cryptos do. How are we so sure of the security? Moreover, it's just another burden.
Aswear!
if you add Naira to your name, you will never rise.
An eye for an eye left thousands blind,
remember that......
User avatar
chizzy55
Senior
 

October 23rd, 2021, 9:36 pm

Deon wrote: September 10th, 2021, 7:23 am My question is,
is this e-Naira gonna be built on blockchain?

Somebody yesterday said he wants to be remembered for stabilizing the corntree,
i dunno the corntree he is referring to sef
Lolzzz
User avatar
Coded20
Senior
Location: Ondo
 

October 27th, 2021, 2:25 pm

Naija sha
No Love💔 In The City Just Make Money🤑 And Pray Not To Die Young🙏
User avatar
Sally
VIP VIP
Location: Kaduna
 

December 8th, 2021, 10:29 pm

Ndoma wrote: December 7th, 2021, 9:46 pm Enaira is coming to stay
really?
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