The Central Bank of Nigeria (CBN) has refuted the claim that it does not have the capacity to print more new Naira notes.
In response to a report quoting CBN Governor, Mr. Godwin Emefiele as saying that the current challenge with printing and distributing newly redesigned Naira banknotes was due to a shortage of materials at the Nigerian Security Printing and Minting Company Plc., the bank’s spokesman, Osita Nwasinobi said that this was “misleading”.
He clarified that at no time did Mr. Emefiele indicate there was any such issue, stating instead that “NSPMC had enough material and capacity to produce all denominations” of money needed.
The CBN appealed to the public to remain calm and ignore any misinformation or attempts by other parties to manipulate facts or start a conflict with them.
They also denied any reports they are planning on closing banks in any particular region of Nigeria founded on an alleged voice note, dubbing the claims “illogical and not representative of their policies”.
Article updated 2 weeks ago. Content is written and modified by multiple authors.
