The Managing Director of the Nigerian Security Printing and Minting (NSPM) Plc, Ahmed Halilu, says the recently redesigned naira banknotes – N200, N500, and N1,000 – passed through the same printing processes as the others in circulation.
The MINT MD, in a statement on Friday, addressed concerns associated with the quality of the redesigned banknotes.
“The NSPM Plc has been meeting the currency needs of Nigeria with the support of the Central Bank of Nigeria since 2014. Indeed, Nigeria has achieved zero importation of currency, developed local capacity and, to an extent, conserved foreign exchange within this period,” Halilu said.
“We want to inform all Nigerians that the new Naira notes are of the same substrates and passed through the same printing processes and finishing procedures. It is, therefore, basically the same as the other notes in circulation.”
He described the company as the nation’s foremost security printing and minting company saddled with the responsibility of producing the country’s currency.
