President Goodluck Jonathan of Nigeria, on Wednesday at the Presidential Villa in Abuja, formally unveiled the new 100 Naira note design commemorating 100 years of the amalgamation of Nigeria. In 1914, what were then the Northern and Southern Protectorates of Nigeria were amalgamated into Nigeria.
Vice President Namadi Sambo and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, joined the President to unveil the note during the weekly Federal Executive Council meeting.
Shortly after the presentation of the note, CBN Governor Emefiele noted examples of other countries that had issued special currency notes commemorating landmark events. He stated that such countries include Morocco, Russia, and Costa Rica. Emefiele stated that the new notes’ design included features to enhance the currency’s security, durability, and attractiveness.
In 2010, Nigeria issued commemorative 50 Naira notes to mark the nation’s 50th independence anniversary.
Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, commended the CBN for the creation of the commemorative notes.
Source: The Punch