With the launch of the National Domestic Card scheme, Afrigo, the Central Bank of Nigeria (CBN) has said it will be coming up with a deadline for the existing card schemes in the country afterwhich they will no longer be eligible for domestic transactions.
Speaking at a virtual launch of the card scheme on Thursday, the Governor of the CBN, Godwin Emefiele, said:
“all domestic transactions that are going to be conducted in Nigeria will have to be through the Nigerian domestic cards.”
Noting that the domestic card scheme avails the country “the sovereignty of our data”
in addition to coming at a lower cost, Emefiele added that