President Goodluck Jonathan will on Wednesday unveil the specially designed commemorative N100 banknote by the Central Bank of Nigeria.
A statement by the apex bank on Monday in Abuja confirmed the development.
It said the commemorative note was part of the CBN’s contribution to the Centenary celebration, which is in line with its mandate of issuing legal tender currency in Nigeria.
It reads in part, “The choice of the N100 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.
“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.
“While retaining the portrait of the late Chief Obafemi Awolowo on the front, the new note features Nigerian traditional dancers at the back. The commemorative note comes in different dominant colours.”
The new note, according to the statement is also designed to incorporate additional security features for digital communication, protection against counterfeiting, tolerance to the tropics and ease of recognition of genuineness.
How will this improve on the economy, how will this create employment, how will this put food on the table of the poor masses ????. The action will only do one thing -put more money into the pockets of the elites. It's a pity nobody thinks of the downtrodden in the society.
ReplyDeleteSo what happens to the N100 notes we're using now?
ReplyDeleteHomogeneity is a characteristic of any currency. Nija case must different. Mumu central bank officials. How does this improve the value of the note or the lives of the masses? Some hundred naira has ZUMA ROCK ABUJA, some just ZUMA ROCK now some with irrelevant centenary features.
ReplyDeleteI hope that ARABIC writings no go dey for this NEW #100? NAIJA no be ARABIA O!
ReplyDelete@Matosky: just get educated on this - just as majority Nigerians in the South read and speak English, so majority in the North speak an read Arabic. What is written on our currency notes are the amount of the currency value say N50 for example, you see it written in Arabic as "naira hamsin" so that your fellow countrymen in the north can read that value. So, your suggestion if at all it should be taken serious, then one will also suggest that there should be no English writing on our currency notes, because we are NOT English! The only option will be to write in all the Nigerian languages including mine of course, as I will protest its exclusion.
ReplyDeleteGo get education, aboki. Is Arabic our lingua franca??stupid idiot
Delete@Yany you mean the people living in the northern part of Naija cannot read English? You have to understand that English is the general which we all living in Nigeria use to communicate to each other,so it is suppose to be written in English not in ARABIC.
ReplyDeleteI think it is funny that one of the few Nationalists who never believed in One Nigeria (which I agree with by the way) has his face on the new note screaming One Nigeria!
ReplyDeleteGbam! No arabic abeg
ReplyDeleteAnother mode of corruption operations.how much did it take to inscribe the writings on the currency will tell a wonderful story...
ReplyDeleteGod dey o!!!!