Nigeria is among four of the fifty-four African countries that print their currencies locally.
This is according to President Muhammadu Buhari who says it is a thing of pride that Nigeria does not print its currencies abroad like many African countries.
Buhari says majority of African countries print their currencies abroad and import them the way Nigeria import other goods.
He said when he unveiled three redesigned naira notes earlier proposed by the Central Bank of Nigeria.
According to him, that is why it is with immense pride that I announce that the redesigned currencies are locally produced right here in Nigeria by our Security Printing and Minting PLC.
He said the naira redesign was borne out of urgent need to take control of the currency in circulation, counterfeiting of high denomination naira notes, amongst others.
The President said it is on that basis that he gave his approval for the redesign of the 200 naira, 500 naira and 1,000 naira bank notes.