Buhari Reveals Nigeria Is Among The Four African Countries That Print Their Currencies Locally

Date: 23-11-2022 10:07 pm (1 week ago) | Author: Olusanya Akinrinola
- at 23-11-2022 10:07 PM (1 week ago)
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President Muhammadu Buhari has revealed that Nigeria is among four of the 54 African countries that print their currencies locally.
Speaking on Wednesday, November 23, while unveiling the new Naira notes redesigned by the Central Bank of Nigeria, Buhari said it is a thing of pride that Nigeria does not print its currencies abroad like many African countries.
He said;
 
Quote
   “While this may not be apparent to many Nigerians, only four out of the 54 African countries print their currencies in their countries and Nigeria is one. And majority of African countries print their currencies abroad and import them the way we import other goods.

    “That is why it is with immense pride that I announce that these redesigned currencies are locally produced right here in Nigeria by our Security Printing and Minting PLC.”


Posted: at 23-11-2022 10:07 PM (1 week ago) | Hero
- Kidfreshfunmi at 23-11-2022 11:13 PM (1 week ago)
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That's true. But making that point alone doesn't justify why it benefits us, does it? True, we're not like Francophone countries who's moneys is managed and exploited by France, at the same time overprinting till inflation is what brought us here in the first place. I checked the exchange rate sef on this news, Naira don dump even further to the Dollar, so........??
Posted: at 23-11-2022 11:13 PM (1 week ago) | Upcoming
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- gogoman at 24-11-2022 02:11 AM (1 week ago)
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UP BUBU
Posted: at 24-11-2022 02:11 AM (1 week ago) | Grande Master
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- kp45 at 24-11-2022 09:41 AM (1 week ago)
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Ok
Posted: at 24-11-2022 09:41 AM (1 week ago) | Hero
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