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President Jonathan finally formally unveiled the new N100 commemorative notes at the Presidential Villa, Abuja some minutes ago. Shortly after presenting the note, CBN governor, Emefiele, said the new 100 Naira notes was issued to commemorate the 100
years of the nation’s amalgamation. . . He listed some countries that had before now issued currencies to mark epochal events to include Morocco, Russia and Costa Rica
among others. He said the new 100 Naira note was produced with the most advanced security features in the world. Emefiele listed the design platforms on which the 100Naira note was made to include security, durability, attractiveness, cultural heritage and transformation. . . Recall that the N50 notes were also introduced to mark Nigeria’s 50th independence anniversary. The new 100 Naira note has a QRC feature on the back. The code, if scanned with smart phones, leads users to a website where the nation’s history could be accessed...
Nigeria,we always get our priorities wrong,of all the issues and problem at hand,is it really a new 100 Naira note we need to be unveiling?
Earlier last week,monday, the CBN’s Director, Corporate Communications Department, Ibarahim Mu’azu, said the commemorative note was part of the apex bank’s contribution to the centenary celebration, which is in line with its mandate of issuing legal tender currency in Nigeria.
“The choice of the 100 Naira denomination is to mark the centenary celebration of Nigeria and is consistent with best global practices for Central Banks around the world during the celebration of national events,” the statement read.
Part of the features of the commemorative banknote is the inscription of the theme of the centenary celebration: “One Nigeria, Great Promise” as a micro-text.
According to the statement, the new note is also designed to incorporate additional security features for digital communication, protection against counterfeiting, tolerance to the tropics and ease of recognition of genuineness.
The Bank further emphasised that the commemorative note was for the purpose of the centenary celebration and would circulate alongside the existing 100 Naira note.
Wednesday’s unveiling ceremony will be preceded by a brief presentation by the CBN Governor, Mr Godwin Emefiele, detailing the aesthetic and security features of the note.
The 100 Naira note bearing the portrait of Chief Obafemi Awolowo was first issued in December 1999.