Naira Redesign: Buhari Reveals Why ₦1000, ₦500, ₦200 Notes Are Redesign, Reprint in Nigeria

Naira Redesign: Buhari Reveals Why ₦1000, ₦500, ₦200 Notes Are Redesign, Reprint in Nigeria

  • President Buhari has said he is happy to have approved the redesigning and printing of new naira notes in Nigerian
  • The president the new notes that were reprinted by Nigerian security printing and minting (NSPM) limited have been strengthened with new security features
  • Buhari then commended Godwin Emefiele, the CBN governor and his deputy for coming up with the initiative

FCT, Abuja - President Muhammadu Buhari has expressed satisfaction with the redesigned naira notes, which were locally produced by the Nigerian security printing and minting (NSPM) limited.

According to Vanguard, the president made his excitement known at the unveiling of the newly redesigned currencies, which was done before the federal executive council (FEC) meeting on Wednesday, November 23.

Naira Redesign/New Note/President Buhari/2023 Election/CBN/Godwin Emefiele
Buhari expresses satisfaction for printing new naira notes in Nigeria Photo Credit: Bashir Ahmad
Source: Twitter

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Buhari disclosed that the new banknotes have been strengthened with security features, making counterfeit difficult to produce.

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He maintained that the redesigned currencies will empower the central bank of Nigeria (CBN) to design and implement stronger money policy objectives and that it will enrich Nigeria's heritage.

President Buhari also commended the governor of the CBN, Godwin Emefiele and his deputy for coming up with the initiative.

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He further extended gratitude to the executive directors, managing director and staffers of the NSPM PLC:

"For working tirelessly with the apex bank to make the currency redesign a reality, and for printing the new Naira notes within a comparatively short time.”

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Naira redesign: 2 northern governors, 1 southerner planning to pay workers’ salaries in cash, EFCC reveals earlier reported that EFCC chairman, Abdulrasheed Bawa, has revealed that about three sitting governors in Nigeria are planning to pay their state workers' salaries in cash.

Bawa, who refused to disclose the identity of the governors, maintained that 2 of them are from the north while one other is from the southern part of the country.

The EFCC boss said many governors have stashed some money in different buildings across the country and are finding ways to return them to the system.


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