printed by the Nigerian Security Printing and Minting (NSPM) Plc, its
managing director, Joseph Ugbo, revealed yesterday.
He told the House of Representatives committee on banking and currency
at the 2015 budget defence that apart from the notes, other security
documents of the countries would also be printed by the NSPM.
Ugbo said an installation of newly procured state-of-the-art machines
for security documents has since commenced.
He said the installations are aimed at perfecting final preparation in
the build up to the production of the banknotes and other security
documents required by the Central Bank of Nigeria (CBN).
The managing director said the Lagos and Abuja facilities of the
company can produce 1.2 billion and 1.4 billion bank notes while the
new facility could print 1.2 billion notes.
Chairman of the committee Rep Jones Onyeriri however queried the N200
million earmarked as exit incentives as against the N150 million in
2014 as well as N50 million for the year-end gift by the company.
--ghanaweb.com
No comments:
Post a Comment