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Nigerians To Access eNaira Using USSD, According To CBN

Nigerians will be able to use their mobile phones’ Unstructured Supplementary Service Data code starting the next week to conduct transactions on the eNaira wallet, according to Central Bank of Nigeria Governor Godwin Emefiele.

Nigerians can open an eNaira wallet on any phone of their choosing using the designated USSD code in addition to transacting, according to Emefiele.

He claims that all Nigerians will need to do to do transactions on their phones is call *997# from their phones.

The CBN boss announced these at the Grand Finale of the 2022 eNaira Hackathon in Abuja on Thursday.

“Nigerians, both banked and unbanked, will be able to open an eNaira wallet and conduct transactions by simply dialling *997 from their phones.

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“Shortly after this, both merchants and consumers with bank accounts can use the NIBSS Instant Payment (NIP) to transfer and receive eNaira to any bank account.

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“This will further deepen the integration of the eNaira with the existing national payment infrastructure”.

“The CBN will increase the level of Financial Inclusion in the Country because just like the Naira, the eNaira is expected to be accessible to all Nigerians. And would provide more possibilities to bring in the unbanked into the digital economy”.

 

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