Belmot:

Currency notes of Ghana, Ivory Coast and other countries would soon be 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. Source: Daily Trust

EVarn:
That will effectively place the economy of the whole west africa in the hands of one country-Nigeria.
Why cant ghana and others mint their own currency?,they are directly putting power in Nigeria's hand,to sanction and dictate their economies as we like.
Anyway,its a good development,it will boost our regional influence and soft power.

PhockPhockMan:
Must you comment?

EVarn:
excuse me?
I dont understand your point.

EVarn:
excuse me?
I dont understand your point.

EVarn:
That will effectively place the economy of the whole west africa in the hands of one country-Nigeria.
Why cant ghana and others mint their own currency?,they are directly putting power in Nigeria's hand,to sanction and dictate their economies as we like.
Anyway,its a good development,it will boost our regional influence and soft power.

EVarn:
[s]That will effectively place the economy of the whole west africa in the hands of one country-Nigeria.
Why cant ghana and others mint their own currency?,they are directly putting power in Nigeria's hand,to sanction and dictate their economies as we like.
Anyway,its a good development,it will boost our regional influence and soft power[/s].

PhockPhockMan:
What do you mean by this careless lines?
“That will effectively place the economy of the whole west africa in the hands of one country-Nigeria.
Why cant ghana and others mint their own currency?,they are directly putting power in Nigeria's hand,to sanction and dictate their economies as we like.“

espn:
ignore d guy dat quoted u..he hardly makes sense..

Belmot:
Reckless statements like these won't help nigeria..... Stop bragging.

byrron:


which of the previous almajiri schools thought u this crap that defiles both logic and common sense

EVarn:
explain how what i typed defiles logic.do you even know how currency flow and trade influx works?

That will effectively place the economy of the whole west africa in the hands of one country-Nigeria.
Why cant ghana and others mint their own currency?,they are directly putting power in Nigeria's hand,to sanction and dictate their economies as we like.

byrron:





what economic principles thought u that crap up above?
were did you get that from?

currency flow and trade influx is not the same thing with that gibberish u put up there sir?

EVarn:
I speak the truth,a country that cannot mint its own currency will always be held for ransom whenever a diplomatic spat ensues.
Dont you understand that the sovereignity and stability of a nation depends on its currency?,why do you think CBN is running around searching for ways to bouy our currency?.We must speak the facts whenever its needed,this new development favours us,but it may not favour ghana and others in the future.

espn:
ignore d guy dat quoted u..he hardly makes sense..

EVarn:
I speak the truth,a country that cannot mint its own currency will always be held for ransom whenever a diplomatic spat ensues.
Dont you understand that the sovereignity and stability of a nation depends on its currency?,why do you think CBN is running around searching for ways to bouy our currency?.We must speak the facts whenever its needed,this new development favours us,but it may not favour ghana and others in the future.

EVarn:
*dismissed*

PhockPhockMan:
How can Nigeria hold them ransom for services many other countries are offering?
Mind you NSMC is a company that depends on patronage for survival.
If the deal is not favouring them, they have right to quit. If not bad leadership that have bedeviled the nation before the coming of Jonathan, Nigeria should be controlling Africa's economy comfortably just the way America is controlling the world economy.

EVarn:
We are saying the same thing,albeit in different manners.Remember the Mastercard saga?,what happens when a country decides to choke currency supply of another?

PhockPhockMan:
I decide to answer you when I realized that almost 100% of the people you're following in your profile are women

WOMAN WRAPPER.

OREMUSSANCTUS:
Giant of Africa! Jonathan is doing a good work not only in nigeria buh africa as a whole!

espn:
and tell me where it is on NL where u r mandated to follow both sex..@ least it is clearly stated dat u should make meaningful and sensible contribution to threads..all dis u lack..