Registration for CBN and AFF eNaira hackathon opens on Monday

The eNaira hackathon, organized by AFF in partnership with the Central Bank of Nigeria (CBN), is scheduled to begin accepting registrations on June 27, 2022, and last through July 21, 2022.

Africa Fintech Foundry (AFF) is an innovative hub established to identify and accelerate innovative startups in Africa.

The main event, which is to begin on August 4, 2022, is part of efforts to promote financial inclusion, support macroeconomic growth, and integrate the Nigerian economy into the world’s leading economies through innovation and cutting-edge emerging technologies, according to a statement released by the organizers.

In order to participate, it advised interested parties to go to the eNaira Hackathon at www.affcbn.com.

eNaira – Africa’s Gateway to a Digital Economy

With the theme “eNaira – Africa’s Gateway to a Digital Economy,” the hybrid hackathon will bring together teams of talented entrepreneurs, developers, designers, solution developers, problem-solvers, out-of-the-box thinkers, and code magicians from Africa to develop innovative solutions that will drive improved adoption of the eNaira.

Speaking on innovation in Nigeria’s payments system ecosystem, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele recently said: “We cannot deny the fact that the newly introduced CBDC (eNaira) would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital.

“We have seen in the past few years how digital currencies have opened international economies to individuals who wield them and how seamless they have made trading, buying, investing and other economic activities.

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“We desire to achieve this and more with the eNaira with the underlying goal to boost Nigeria’s economic outlook.

“Innovators at the hackathon will develop solutions in the areas of international remittance, trans-border payment, blockchain, financial inclusion, and trade (AfCTFA).”

The statement issued by the organisers said the hackathon will address the strategic points to eliminate possible glitches that could hamper smooth transactions being carried out with the eNaira.

Chinaza Ogbachalu

My name is Chinaza Ogbachalu, and I am a writer. I have been writing news and opinion articles for five years plus and have always had a passion for storytelling. I grew up in Nigeria and graduated from the University of Port Harcourt, Nigeria, with a degree in linguistics and communication studies. I have written books that have been well-received by critics and readers alike. My work often focuses on culture and lifestyle, and I draw inspiration from my own experiences and observations of the world around me. As a news writer, I am responsible for researching and writing engaging and accurate news stories for our online audience. I have a strong passion for current events and am skilled at conducting interviews and gathering information from sources. I am grateful for the support of my readers and am constantly humbled by their enthusiasm for my work. Thank you for taking the time to learn more about me and my writing.