The Central Bank of Nigeria (CBN) and Africa Fintech Foundry (AFF) have opened an application portal for the eNaira hackathon.
CBN announced this via a tweet calling on interested tech enthusiasts to submit entries.
The hackathon, themed ‘eNaira – Africa’s Gateway to a Digital Economy,’ 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.
Participants across the continent are eligible to apply for the hackathon.
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
The announcement also added that there is an option to innovate outside these areas, in what it is calling ‘wildcard innovations.’
The hackathon structure is described as hybrid, with people able to participate in-person and virtually. The physical event will hold in AFF premises for Lagos and a designated location by CBN in Abuja.
The CBN said the competition is part of efforts to drive financial inclusion, facilitate macroeconomic growth, and integrate the Nigerian economy into the world-leading economies through innovation and cutting-edge emerging technologies.
Applications close on July 21, 2022.
Interested participants can register for the eNaira hackathon below: