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About The Hackathon

Applications will be opened to participants across the continent. 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.

Innovators will develop use cases for eNaira in the following target areas. There is also an option to innovate outside these areas [Wildcard Innovations].

International Remittances

This will focus on the inflow of foreign currencies

Financial Inclusion

Exploring various products that will bring banking services to the unbanked

Trans-Border Payments

Solutions that will improve payments across various countries

Trade [AFCTFA]

Leveraging on the new agreement to improve Intra-African trades

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Project Background

AFF X CBN Hackathon 2022

  1. In partnership with CBN, the hackathon will bring together top talents to ideate on use-cases for Enaira.
  2. The newly introduced CBDC (eNaira) would be key in ensuring a competitive digital economy in the future.
  3. It will also support the efficient functioning of the new markets that use these technologies, thereby fostering competition and innovation.

Objectives

01

Macroeconomic Growth

Improve macroeconomic management and growth in the country and continent at large.

02

Cross-Border Trade

Facilitating cross-border trades between various countries in Africa and across the ocean

03

Financial Inclusion

Exploring various products that will bring banking services to the unbanked

04

Monetary Policies

Exploring various solutions to efficiently manage the supply and demand of money in the country

05

Improved Payments

Improving the infrastructure for payments and ensuring little to no failures

06

Improved Tax Collection

Efficiently collecting taxes for the government and ensuring debtors are easily recognized and charged

07

Improved Remittances

Improving the flow of foreign currencies into the country and ensuring it is properly recorded

08

Targeted Interventions

Easily carry out interventions such as social interventions in times of crisis and ensure it gets to the citizens individually

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