CBN/AFF eNaira Hackathon 2022

Apply for CBN/AFF eNaira Hackathon – As part of efforts to drive financial inclusion, facilitate macroeconomic growth and integrate the Nigerian economy into the world’s leading economies through innovation and cutting-edge emerging technologies, the Central Bank of Nigeria (CBN) and Africa Fintech Foundry (AFF) have opened eNaira Hackathon.

Applications will be opened to participants across the continent. The Hackathon structure will be Hybrid (Physical and Virtual). The physical event will hold in AFF premises for Lagos and a designated location by CBN in Abuja.

Innovators will develop use cases for eNaira in the following target areas. There is also an option to innovate outside these areas [Wildcard Innovations].

About Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on July 1, 1959.[2] The CBN Act was amended in 1991, 1993, 1997, 1998, 1999 and 2007.[3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and to act as a banker of last resort and financial adviser to the federal government. The central bank's role...... read more

CBN/AFF eNaira Hackathon

Aim and Benefits of CBN/AFF eNaira Hackathon

Objectives:

•  Macroeconomic Growth: Improve macroeconomic management and growth in the country and continent at large.
• Cross-Border Trade: Facilitating cross-border trades between various countries in Africa and across the ocean
• Financial Inclusion: Exploring various products that will bring banking services to the unbanked
• Monetary Policies: Exploring various solutions to efficiently manage the supply and demand of money in the country.
• Improved Payments: Improving the Infrastructure for payments and ensuring little to no failures
• Improved Tax Collection: Efficiently collecting taxes for the government and ensuring debtors are easily recognized
• Improved Remittances: Improving the flow of foreign currencies into the country and ensuring it is properly recorded
• Targeted Interventions: Easily carry out interventions such as social interventions in times of crisis and ensure it gets to the citizens individually.

Requirements for CBN/AFF eNaira Hackathon Qualification

Applications will be opened to participants across the continent.

Application Deadline

How to Apply

For more details, visit the website.