The Central Bank of Nigeria encourages financial companies to develop commodities based on CBDCs.

Golden Bank announced that in order to understand the acceptance of e-nira, the Central Bank of Nigeria (CBN) urged payment service providers, financial institutions and technology companies to grow to develop and market products based on digital advantages. Speaking to financial institutions and fintech companies at a banking conference, Rakiya Mohammed, director of CBN Information Technology, confirmed to attendees that the bank will not compete with other financial institutions or other parties involved in payments. Instead, Mohammed said CBN is open to information or ideas that add value to electronic devices or improve user experience. The report also says Mohammed called on national healthcare providers to find new ways to support the public participation process. It also encourages service providers to develop solutions that support Naira offline devices including buses, carriers, USSDs, and more.