{"id":16314,"date":"2023-02-11T13:59:16","date_gmt":"2023-02-11T13:59:16","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/02\/11\/it-may-take-one-year-for-the-mint-company-to-print-the-n2-1tn-that-the-cbn-collected-banker-laments\/"},"modified":"2023-02-11T13:59:16","modified_gmt":"2023-02-11T13:59:16","slug":"it-may-take-one-year-for-the-mint-company-to-print-the-n2-1tn-that-the-cbn-collected-banker-laments","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/02\/11\/it-may-take-one-year-for-the-mint-company-to-print-the-n2-1tn-that-the-cbn-collected-banker-laments\/","title":{"rendered":"It May Take One Year For The Mint Company To Print The N2.1tn That The CBN Collected -Banker Laments"},"content":{"rendered":"<p><\/p>\n<div>\n<article>\n<p>A banker who has decided to remain anonymous has lamented over the state of things regarding the Naira scarcity where he claimed that with the current capacity of the minting , they wouldn\u2019t be able to print a significant amount of money that will be sufficient for the masses.<\/p>\n<p><strong>Photo Of The CBN Governor, Godwin Emefiele <\/strong><\/p>\n<p>The banker who spoke to punch news claimed that the CBN had so far collected 2.1 trillion Naira of the old notes from the masses, and that it may take about 1 year for the Nigerian Security And Printing Plc to print the equient amount which was taken out of circulation by the Apex bank.<\/p>\n<p>Lamenting over <span style=\"color: rgba(0, 0, 0, 0.87);\">the sufferings of the masses in accessing their monies, he however questioned the apex bank why such a huge amount of the old money was removed from the masses without having sufficient capacity to print more money.<\/span><\/p>\n<p> He said\u2026\u201cIs it not obvious that the NSPMC does not have the capacity to print more than N500bn? With the Mint\u2019s current capacity, to print N2tn will take about a year\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/ng\/wp-content\/uploads\/2023\/02\/ef4f5eeddc6b4e11887672034232efb0\"\/><\/p>\n<p>His statement is however coming after the CBN, during the meeting with the National Council of State had indicated that they will contact foreign contractors to help assist in the printing of the redesigned Naira to enable fast circulation.<\/p>\n<p>What\u2019s your opinion about this statement? Kindly drop your thoughts in the comment section below. <\/p>\n<p>Content created and supplied by: TaurusBaby (via  Opera<br \/>News )<\/p>\n<\/article>\n<p class=\"copyright hide\">\n<span class=\"content\">    ,  .   ,     .       () , , , , , , , , .      \/ ,  and\/or  .     ,  , and\/or  ,      and\/or     <\/span><br \/><span class=\"see-more\"\/>\n<\/p>\n<section class=\"tags\">\nCBN<br \/>Godwin Emefiele<br \/>Mint<br \/>NSPMC<br \/>Nigerian<br \/><\/section>\n<\/div>\n<p><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A banker who has decided to remain anonymous has lamented over the state of things regarding the Naira scarcity where he claimed that with the current capacity of the minting , they wouldn\u2019t be able to print a significant amount of money that will be sufficient for the masses. Photo Of The CBN Governor, Godwin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-16314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>It May Take One Year For The Mint Company To Print The N2.1tn That The CBN Collected -Banker Laments - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/02\/11\/it-may-take-one-year-for-the-mint-company-to-print-the-n2-1tn-that-the-cbn-collected-banker-laments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It May Take One Year For The Mint Company To Print The N2.1tn That The CBN Collected -Banker Laments - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"A banker who has decided to remain anonymous has lamented over the state of things regarding the Naira scarcity where he claimed that with the current capacity of the minting , they wouldn\u2019t be able to print a significant amount of money that will be sufficient for the masses. 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