CBN Plans Digital Currency by October 1, 2021

The Central Bank of Nigeria (CBN) will unveil its digital currency on October 1, 2021 under the code name ‘Project GIANT.’
Mr. Godwin Emefiele, Governor, Central Bank of Nigeria, had earlier promised to deliver a digital currency to the Nigerian financial system.
Emefiele says the initiative will target remittance management, financial inclusion, revenue collection, payment efficiency and also ensure effective monetary policy management etc.