New naira notes 2022 design

The Central Bank of Nigeria (CBN) has introduced new naira notes in 2022, featuring enhanced security features and a new design. Here are the details:

New Naira Notes (2022)

  1. N200: The new N200 note features a portrait of Dr. Nnamdi Azikiwe, a Nigerian statesman and philosopher, on the obverse (front). The reverse (back) features a collage of Nigerian cultural heritage, including traditional clothing, music, and art.
  2. N500: The new N500 note features a portrait of Dr. Chukwuemeka Odumegwu Ojukwu, a Nigerian nationalist and leader of the Biafran secessionist movement, on the obverse. The reverse features a collage of Nigerian agricultural and industrial development.
  3. N1000: The new N1000 note features a portrait of Dr. Muhammadu Buhari, the current President of Nigeria, on the obverse. The reverse features a collage of Nigerian natural resources, including oil, gas, and agricultural products.
  4. N2000: The new N2000 note features a portrait of Dr. Olufunmilayo Ransome-Kuti, a Nigerian educationist and women's rights activist, on the obverse. The reverse features a collage of Nigerian education and healthcare systems.
  5. N5000: The new N5000 note features a portrait of Dr. Ngozi Okonjo-Iweala, a Nigerian economist and international development expert, on the obverse. The reverse features a collage of Nigerian economic development and international trade.

Enhanced Security Features

The new naira notes feature enhanced security features to prevent counterfeiting and improve public confidence in the currency. These features include:

  1. Color-shifting ink: The notes feature color-shifting ink that changes color when tilted, making it difficult to reproduce.
  2. Micro-printing: The notes have micro-printed text and patterns that are difficult to replicate.
  3. Watermark: The notes have a watermark of the portrait of the featured individual, which is visible when held against light.
  4. Security thread: The notes have a security thread that glows pink when held against UV light.
  5. Raised printing: The notes have raised printing that provides a tactile sensation when touched.

Benefits of the New Naira Notes

The introduction of the new naira notes is expected to:

  1. Enhance public confidence: The enhanced security features will reduce the risk of counterfeiting and improve public confidence in the currency.
  2. Promote economic growth: The new notes will facilitate trade and commerce, promoting economic growth and development.
  3. Reduce cash handling costs: The new notes will reduce the costs associated with cash handling, such as transportation and storage.

Overall, the introduction of the new naira notes is a significant step towards promoting a more efficient and secure payment system in Nigeria.