The Nigerian Security Printing & Minting Plc (NSPM) has denied claims credited to the Governor of the Central Bank of Nigeria (CBN) that it (NSPM) lacks the capacity to produce the redesigned banknotes due to supply chain constraints.
Mr. Ahmed A. Halilu, Managing Director/CEO of NSPM said in a statement that while the CBN has already denied that such claim was made by its Governor, it (NSPM) also finds it “expedient to add that contrary to the mischievous claim, De-la-Rue of the United Kingdom does not produce nor supply paper substrate for 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 for the year 2023.”
