The Central Bank of Nigeria (CBN) has described as misleading the report purporting to quote CBN Governor, Mr Godwin Emefiele, as attributing the current challenge in the distribution of the redesigned naira banknotes to a shortage of printing materials at the Nigerian Security Printing and Minting Company Plc.
In a statement issued on Saturday, the CBN spokesman, Osita Nwasinobi, said the CBN governor did not make such a statement at any time during his presentation to the National Council of State at its meeting on Friday, 10 February 2023.
Mr Nwasinobi stated that Emefiele only stated at the meeting that the NSPMC was working on printing all denominations of the Naira in order to meet Nigerians’ transaction needs.
He stated that, while the CBN appreciates all stakeholders’ concerns about the distribution of new Naira notes.
See the statement below:
