The Central Bank of Nigeria, CBN, has described the Naira as one of the strongest currencies in the world in terms of security features, calling on Nigerians to treat it with respect and integrity.
The apex bank made the statement during its flagship sensitisation programme, the CBN Fair, held in Lagos to promote public trust in the Naira and deepen financial inclusion.
Paul Onuoha, a senior official from the CBN’s Currency Operations Department, led an interactive session on identifying counterfeit notes and highlighted the sophisticated security features embedded in Nigeria’s currency.
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“Naira is one of the strongest currencies in the world when it comes to security features,” Onuoha said, demonstrating techniques for detecting fake notes.
The fair, themed “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development,” attracted stakeholders from various sectors including entrepreneurs, fintech operators, financial institutions, students and youth groups.
Hakama Sidi-Ali, Acting Director of the CBN’s Corporate Communications Department, urged Nigerians to preserve the dignity of the Naira by refraining from spraying, hawking, mutilating, or counterfeiting the currency.
“We also urge you to preserve the dignity of our currency by avoiding abuse. Respect and keep it clean,” she stated.
Sidi-Ali added that under Governor Olayemi Cardoso’s leadership, the CBN remains committed to promoting productivity, expanding access to financial services and maintaining price stability.
Sunday Daibo, the Lagos Branch Controller of the CBN, said the fair served not only as an exhibition but also as a rallying point for collective commitment to economic resilience and national growth.
“Let this fair be a launchpad for initiatives that will carry the benefits of alternative payment channels to every corner of our nation,” Daibo remarked.
Other speakers, including Ayodeji Ojo from the Other Financial Institutions Supervision Department, discussed the role of the CBN in safeguarding savings, increasing credit access, and strengthening trust in licensed financial institutions.
The event also featured discussions on open banking, payment innovations, and the importance of a stable Naira in attracting investment and sustaining economic development.
