Entries for the Central Bank of Nigeria (CBN) and Africa Fintech Foundry (AFF) eNaira hackathon will close on July 21, 2022.
The financial regulator had tweeted Tuesday, calling on interested tech enthusiasts to submit entries.
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.
According to CBN, the participants will be required to develop use-cases for the eNaira in the following target areas: international remittances, financial inclusion, cross-border payments, and trade.
Themed ‘eNaira – Africa’s Gateway to a Digital Economy’, the hackathon is aimed at bringing together teams of talented entrepreneurs, developers, designers, solution developers, problem-solvers, out-of-the-box thinkers, and ‘code magicians’ from Africa to develop innovative solutions that will drive improved adoption of the eNaira.
The CBN said the competition is part of efforts to drive financial inclusion, facilitate macroeconomic growth and integrate the Nigerian economy into world-leading economies through innovation and cutting-edge emerging technologies.
CBN said the newly introduced digital currency (eNaira) would be key in ensuring a competitive digital economy in the future.
It added that the currency would support the efficient functioning of the new markets that use these technologies, thereby fostering competition and innovation.
Interested participants can register for the eNaira hackathon via this link.