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Commemorative 100 Naira Note: Wasting of Resources

                       Nigeria_100_Naira_NotePresident Goodluck Jonathan will unveil the specially designed commemorative 100 Naira banknote by the Central Bank of Nigeria (CBN) on Wednesday, November 5.
A statement on Monday by the CBN’s Director, Corporate Communications Department, Ibarahim Mu’azu, said the commemorative note was part of the apex bank’s contribution to the centenary celebration, which is in line with its mandate of issuing legal tender currency in Nigeria.
“The choice of the 100 Naira denomination is to mark the centenary celebration of Nigeria and is consistent with best global practices for Central Banks around the world during the celebration of national events,” the statement read, but that is still the problem must we do everything other countries do noting that they are served with different kind of problems some how lessen to our hardships my own point of view for the giant of Africa is that we should not always compete with countries that are developed but we should try and innovate the minds of people for developments.

Part of the features of the commemorative banknote is the inscription of the theme of the centenary celebration: “One Nigeria, Great Promise” as a micro-text.
According to the statement, the new note is also designed to incorporate additional security features for digital communication, protection against counterfeiting, tolerance to the tropics and ease of recognition of genuineness.
The Bank further emphasised that the commemorative note was for the purpose of the centenary celebration and would circulate alongside the existing 100 Naira note.
Wednesday’s unveiling ceremony will be preceded by a brief presentation by  Mr Godwin Emefiele, detailing the aesthetic and security features of the note.
The CBN had in 2010, issued commemorative 50 Naira polymer note to mark Nigeria’s 50th Independence Anniversary celebration.
The 100 Naira note bearing the portrait of Chief Obafemi Awolowo  a former defunct western region premier was first issued in December 1999.  Note I stand to be corrected am not a pessimist. God save naija amen. 

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