Post
Topic
Board Nigeria (Naija)
Re: Why was the Nigeria CBDC a failure?.
by
Richbased
on 03/07/2025, 11:07:27 UTC
The naira is not globally admired because it can not maintain substantial values which can be hold for reserve such as the Euro and the USD.
I think you are referring to the eNaira here but how do you think it will be globally admired when it is not a global reserve currency. It can only be admired by the citizens of Nigeria but yet it's not still easy for many people because there will sure be some manipulation in the system and it will still be under the custody of the government (centralized) and Nigerians are trying to move away from keeping their money under the watch of the government hence people will surely not buy the idea of the eNaira.

Quote
And worse to it, the eNaira could not made a successful to dominate or recognized is because it does not have potential value different from the physical #.
It has same value as the Naira and it's still centralized so i don't even know the kind of funny game the CBN wanted to play  by introducing the eNaira and call it CBDC, very funny people.