A file photo showing the CBN headquarters in Abuja. Photo: Channels TV/ Sodiq Adelakun.
The Central Bank of Nigeria (CBN) has unveiled the Nigerian national domestic card scheme.
Thursday’s move, the apex bank, added is part of efforts to reshape the country’s payment landscape.
“The domestic card scheme is expected to strengthen the national payments system and deepen the usage of electronic platforms in Nigeria,” the CBN Governor Godwin Emefiele said at the virtual launch.
He maintained that the new scheme is set to provide more options for domestic consumers and promote the delivery of services in a more innovative, cost-effective, and competitive manner.
Emefiele is also assuring Nigerians that the move will bring more opportunities to integrate the informal segment of the country’s economy, reduce shadow banking and bring more people into formal financial services.
The apex bank chief lauded the Nigerian banking community for rising to the challenge of strengthening the national payments system through the implementation of a Domestic Card Scheme.
“This effort is not a quest to prevent international service providers from continuing to provide services in Nigeria,” he added.
According to him, the policy targeted at providing more options for domestic consumers will also promote the delivery of services in a more innovative, cost-effective, and competitive way.
“CBN is committed to a robust, efficient, and safe national payments system and welcomes innovation from both domestic firms and foreign investors,” he said.
Several incidents of attacks and voter suppression were reported across the country, particularly in Lagos State.
The party's victory in the constituency is significant, given its feat across the state in the 2023 presidential elections.
While BVAS seemed to impress, relative to the February 25 elections, a number of polling units experienced disruptions and delays.
The collation at both centres were scheduled to commence on Saturday, but were rescheduled for a number of reasons.
An INEC officer told Channels Television about the development during a visit to the collation centre to monitor the process.
The Sokoto State Monitoring Team of the commission reportedly arrested the three male vote-buyers, all from Kauran Miyo, Bodinga.