February 11, (THEWILL) – The Nigerian Security Printing and Minting (NSPM) Plc. on Saturday, said it has the capacity and enough materials to produce redesigned banknotes, as well as other denominations of the naira in the country.
In a statement issued on Saturday and personally signed by its Managing Director, Ahmed A. Halilu, the NSPMC debunked misleading reports by some media (not THEWILL) allegedly credited to the Central Bank Governor about its capacity to continue the production of the redesigned banknotes owing to supply chain constraints.
The statement read: “The attention of the Nigerian Security Printing and Minting (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 arrangements to continuously produce redesigned banknotes as well as other denominations in line with the CBN indent for the year 2023.”
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