The Nigerian Security Printing and Minting Plc (NSPM) has drawn attention to some of the new naira notes’ features in an effort to educate Nigerians who have voiced concerns about the notes’ quality.
Nigerians have been lamenting and unsatisfied with the new color of the naira notes with most saying that changing the color of the naira notes is unnecessary.
However, NSPM has underlined the need to educate Nigerians about the new Naira’s attributes in a statement released on Friday and signed by NSPM’s managing director, Ahmed Halilu.
In his statement, Halili 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. It also leaves traces of intaglio inks when rubbed on plain white surfaces. It is, however, important to note that new banknotes are generally light when issued, then become heavier in circulation on getting in contact with dirt and moisture.
“In addition, the second stage of currency printing (Intaglio) requires a heavy deposit of special inks with fairly large particles to give a tactile feeling of the portraits as well as other raised prints by way of design.”
The printing and minting of Nigerian banknotes are done by the Nigerian Security Printing and Minting Company Limited Plc. It has locations in Abuja and Lagos, and the Nigerian government owns the majority of it.
