The Central Bank of Nigeria CBN has unveiled two digital innovations, the Document Flow System and the Ministries, Departments, and Agencies Naira Payment Solution at an event held yesterday at its headquarters in Abuja.
A press statement released today described the projects as part of the “Digital First” transformation initiative launched by the Governor, Olayemi Cardoso, in December 2023.
The statement read: “The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has launched two transformative initiatives, the Document Flow System and the Ministries, Departments, and Agencies Naira Payment Solution.”
Cardoso, in his remarks, stressed the significance of the DocFlow system in overhauling document management processes within the Bank.
He explained that the system aims to digitise operations, reduce paper use, and streamline approval workflows to enhance efficiency.
He also described the MDAs Naira Payment Solution as a vital tool for automating cash withdrawal processes for MDAs, noting its potential to improve service delivery and client support.
