Nigeria’s eNaira, has been ranked No 1 global retail CBDC, and app downloads have jumped to 756,000 from 700,000 seen in December 2021.
PwC disclosed the ranking in its 2022 CBDC Global Index and Stablecoin Overview. The eNaira has also recorded 700,000 downloads as of December 2021, while over 35,000 transactions have been conducted on the platform.
Yesterday, the Managing Director of Guaranty Trust Bank, Mariam Olusanya, while speaking in a virtual press conference after the Bankers Committee’s meeting, revealed that e-naira wallet downloads have risen to 756,000 in six months. eNaira grew by 56,000 within the first quarter of 2021.
Nigeria ranks number 1
- Nigeria ranked number 1 in terms of retail CBDC projects ahead of 9 other countries currently doing similar.
- In second and third positions are the Bahamas and Mainland China respectively.
- Next were, Jamaica, Eastern Caribbean, Ukraine, Uruguay, Thailand, Sweeden, and the Republic of Korea.
- The report also gave Nigeria’s eNaira a retail index value of 95 while the country also ranked number one in Africa.
- The index is based on a BIS working paper, the World Bank, and PwC analysis.
- Nigeria did not rank for the Wholesale CBDC Project.
Mariam Olusanya said, “since it was launched, we have seen 756,000 downloads of the app. In terms of consumer wallets, we have seen 165,000 downloads and 2,800 merchant wallet downloads.”
