New N100 Commemorative Note Unveiled By President Jonathan

Although this topic on the new N100 (One hundred Naira) commemorative note been unveiled in Nigeria isn’t so tech related and wasn’t expected on this blog, I just thought it wise to share the information here.

Few days back, Precisely on Wednesday been the 12th of November, 2014, the Federal President of Nigeria, President Goodluck Jonathan formally unveiled the new N100 commemorative notes at the presidential villa in Abuja.

Initially, the ceremony was supposed to take event last week Wednesday but had to be prosponed because the president of the federal republic, Nigeria, traveled to burkina faso.

The central bank Of Nigeria Governor, Godwin Emefiele, said the new note was issued to commemorate the 100 years of the Nation’s Amalgamation. He also joined alongside the vice president, Namadi Sambo, in unveiling the new note during the weekly federal executive council meeting.

new 100 naira note introduced in Nigeria
He also added that the new note was produced with the most advanced security features in the world. He listed the design platforms on which the note was made to include security, durability, attractiveness, cultural heritage and transformation. The President recalled that commemorative N50 notes were also introduced to mark the nation’s 50th independence anniversary.

Jonathan commended the Central Bank of Nigeria for coming up with the commemorative note, though it was coming a bit late since activities marking the nation’s centenary had been concluded.

Minister of Finance, Dr. Ngozi Okonjo-Iweala, also commended the CBN for coming up with the notes.
She specifically commended the QRC feature on the back of the note. The QRC feature on the back of the note, if scanned with smart phones, leads users to a website where the nation’s history could be accessed.

The minister also raised questions on the amount the CBN will use to print the new notes and whether it would be done locally. Jonathan however said the questions would be answered when a memorandum on the issue is presented to the council.

Following this development on the new 100 Naira note, the equivalent of a Dollar to Naira is been rumored to be around N175 (One hundred and seventy five Naira).

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