The Central Bank of Nigeria (CBN) has requested for partnership with the National Youth Service Corps (NYSC) on the use of internet money for Corps Members with the assurance that the electronic platform would offer its users the ease of payments at no risk.
Director, Press and Public Relations of NYSC, Eddy Megwa disclosed this in a statement issued on Monday, January 23, 2023.
According to the statement, the Deputy Director, Information Technology Department of CBN, Mr. Habib Yusuf, made the request when he led some staff of the apex bank on a courtesy visit to the NYSC National Directorate Headquarters in Maitama, Abuja.
Mr. Yusuf said that the e-naira, which was the first of its kind in Africa encompasses digital wallets which would allow onboarding of many users and off-line payments for goods and services.
He added that the electronic platform would also offer its users the opportunity of many innovations with ease.
In her response, the Acting Director General of National Youth Service Corps, Mrs Christy Ifeyinwa Uba commended the CBN for the innovation.
She said, the Scheme was ready for collaborations that would make the service year memorable for the Corps Members.
Uba however added that NYSC Management would consider the request from the CBN.