CBN to Introduce e-Naira Product on Health Insurance

The Central Bank of Nigeria (CBN) is working on a product on its e-Naira platform to help poor Nigerians access quality health services without paying through their noses.

This is part of measures meant to drive home the e-Naira message to all and sundry, that it is a comprehensive package that is capable of not only easing transactions but also solving most of the day to day problems of the average Nigerian.

Speaking with PRNigeria, the CBN’s Director of Information Technology, Mrs Rakiya Muhammad, said since the e-Naira was launched in October 2021, there have been a lot of private initiatives meant to expand the scope of the digital currency and add some products that can help Nigerians live more abundant lifes.

The Director added that the apex bank has been encouraging the private initiatives to blossom in view of the limitless opportunities abound in the e-Naira platform which include cheaper, more efficient, faster transactions with no bank charges, network problems and other bottlenecks associated with regular banking.

She hinted that someone was working on a product that will, in collaboration with some Health Management Organisations (HMOs), help Nigerians to be saving money on a regular basis on their e-Naira wallets which they can use to access healthcare in case of any medical emergency or necessity.

“So, on the other product, she has a way to help Nigerians save money towards health insurance. So, they partner with all these HMsO and others and you can use e-Naira to be saving little amount of money everyday and when you go to the hospital, you can now use that to pay for health insurance. It will solve the problem of all those people who will go to the hospital, without the money, cash or card to pay. You already have insurance with your e-Naira. A very very interesting product.

“So, all those people are going through our incubation process. We are connecting them with investors and we have seen the huge progress they are making. It will come live soon,” she said.