There have been a lot of reactions trailing the new redesign of the naira notes. According to many Nigerians on social media, what the federal government did should not be called naira redesign but colour change.
Is there more to the redesigning of the Naira notes than just the Colour?
Central Bank of Nigeria Governor, Godwin Emefiele, speaking on the features of the new notes, stated that the “notes have been designed to make sure that the new naira notes cannot be counterfeited because of the features in them”
The new notes retained almost all the old features except for new security features and their colours.
The new N1000 note has a blue colour, while the new N500 comes in green colour, even as the N200 has the old N500 red colour.
All the notes retained their original photographs of past leaders who distinguished themselves on the national political and socioeconomic landscape.
Emefiele who declared that it is regrettable that the Naira has not been redesigned for the past 19 years, blamed “lack of political will from previous administrations”.
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