NSPM Assures Continuous Production Of Redesigned Banknotes

NSPM's Managing Director/Chief Executive, Ahmed Halilu.

The Nigerian Security, Printing and Minting (NSPM) has assured Nigerians of its capacity to continue to produce the redesigned Banknotes as well as other denominations in line with the Central Bank Nigeria (CBN)’s indent for the year 2023.

NSPM’s assurance was contained in a statement signed by it Managing Director/Chief Executive, Ahmed Halilu on Saturday.

While debunking the misleading report of shortage of printing materials, the company clarified that contrary to the mischievous claim, De-la-Rue of United Kingdom does not produce nor supply paper substrate within the currency industry.

The statement said: “the attention of NSPM Plc has been drawn to some publications allegedly credited to the Central Bank Governor about the capacity of NSPM to continue the production of redesigned banknotes owing to supply chain constraints.

“While the CBN has debunked the false claim, we also find it expedient to add that contrary to the mischievous claim, De-la-Rue of United Kingdom does not produce nor supply paper substrate within the currency industry.

“We wish to further assure Nigerians that NSPM has made adequate arrangement to continuously produce redesigned Banknotes as well as other denominations in line with the CBN indent for the year 2023”, the statement said.

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