The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has launched two transformative initiatives, the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution.

The launch is a continuation of the Bank’s digital revolution project tagged “Digital First” which was flagged off by the Governor in December 2023 as one of his transformation initiatives.

Speaking at the event, Mr. Cardoso described the DocFlow system as a groundbreaking solution designed to revolutionize the Bank’s document management processes by digitizing documentation, minimizing paper usage, and streamlining the approval processes.

He emphasized the significance of the MDAs Naira Payment Solution, which automates the cash withdrawal process for MDAs, enhancing efficiency in financial transactions and strengthening client support.