President Muhammadu Buhari says the adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called blockchain, can increase Nigeria’s GDP by $29billion over the next 10 years. The President said this Monday in Abuja at the official launch of the e-Naira. President said the introduction of the e-Naira would enable the government to send direct payments to citizens eligible for specific welfare programmes as well as foster cross border trade. He said that alongside digital innovations, CBDCs can foster economic growth through better economic activities, increase remittances, improve financial...