CBN targets tricycle riders to boost use of eNaira

In a bid to increase the use of Nigeria’s digital currency, eNaira, the Central Bank of Nigeria (CBN), in partnership with Bizi Mobile cashless consultant, has begun the registration of tricycle riders, known as, keke napep, on the platform.

Speaking at the flag off of the event at the weekend in Abuja, the Coordinator, Technical Working Committee on eNaira and Director of information technology, CBN, Rakiya Muhammad, said it wants to create awareness on the use and adoption of the platform by small-scale business owners.

CBN targets tricycle riders to boost use of eNaira

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Represented by an official in the department, Khalipha Nuhu, Muhammad said the use of the digital currency by SMEs will determine its success and achieve the bank’s cashless policy.

“The adoption drive is to promote awareness for them to understand what it is and to onboard more people to use it in a simplified way. How they can use the platform for their daily transactions and help us to be ambassadors for this product, which is a national asset for everyone in the country as it is the same as what is used daily.”

She said the use of the currency does not require technical knowledge as it has a simplified application which can be gotten through “the mobile app for smartphone users or the USSD channel which is *997#.”

On his part, the CEO of Bizi Mobile, Aminu Bizi, said the CBN introduced a subsidy for the riders and their customers.

“A customer has 5 per cent subsidy on each transaction. If you are to pay N100 for a ride, you will pay N95 while the rider will also get another N5 making it N105.”