New CBN Roadmap Proposes FG Salaries and Pensions via eNaira

The Central Bank of Nigeria’s Payments System Vision 2028 outlines plans to scale eNaira from pilot to a core payment rail. Under this roadmap, the Federal Government may channel salaries, pensions and social welfare benefits through the digital currency. Launched in October 2021, the eNaira aims to deepen financial inclusion, cut transaction costs and drive a cashless economy. Yet adoption has lagged due to limited merchant integration and the absence of live cross-border corridors. The CBN will revisit its CBDC framework and enable defined use cases such as government-to-person payments, payroll processing, offline transactions and programmable money features like time-limits and sub-wallets. Officials say the plan also includes opening APIs for fintechs, piloting bilateral CBDC payment corridors and strengthening settlement systems. The initiative seeks to modernise Nigeria’s payment ecosystem, boost efficiency and expand digital service reach.

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