In my inaugural address to Nigerians after assuming office as the Governor of the Central Bank of Nigeria in June 2014, I indicated that my mandate would be to ensure that the Central Bank of Nigeria is more people focused, as its policies and programs would be geared towards supporting job creation and fostering inclusive growth, in addition to key macroeconomic concerns such as inflation and exchange rate stability.
While Nigeria and the Bahamas have already launched their eNaira and Sand Dollar currencies, a dozen other central banks are piloting central bank digital currencies of their own, most prominently China. So far, the digital yuan has been distributed to a limited number of citizens to test its functioning.