The  Central Bank of Nigeria has unveiled the Unstructured Supplementary Service Data (USSD) code for its eNaira, indicating that Nigerians without internet-enabled phones can use eNaira for transactions. The decision by the apex bank to use the USSD as the offline channel for the eNaira was based on an understanding of the unique features of our economy, taking into account the fact that, as of right now, about 50% of adult Nigerians are not bank customers and are therefore not eligible for formal financial services. The eNaira’s first phase was concentrated on banked customers, while the second phase is on…