CBN must address technology fundamentals to reduce naira redesign effect – Bolaji Ojo

Bolaji Ojo, managing editor and publisher, The Ojo-Yoshida Report has advised the Central Bank of Nigeria (CBN) to implement adequate technology backbone and other fundamental measures to tackle the effect of the Naira redesign policy on Nigerians and fast track the transition to a cashless economy.

The publisher who disclosed this at the Technology Times Digital Transformation Thought Leadership Series said Nigeria needs to invest in its infrastructure to power the digital economy by ensuring stable, reliable, and affordable electricity, while telecommunication networks must also be strengthened to foster digitalization that are essential to achieving a cash-free system.