President Muhammadu Buhari on Thursday directed that the sole authority for printing Nigeria’s e-passport and other related documents be vested in the Nigerian Security Printing and Minting Company.
The President’s directive was contained in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja.
“With the new directive from the President, all existing memoranda of understanding and contracts on printing by other institutions/companies will not be renewed,” the Presidency said.
It recalled how the NSPMC came into existence in 1963 and given the primary responsibility of printing the nation’s currency and government security documents.
However, the Presidency noted that over the years, the fortunes of the NSPMC began to dwindle.
It added that it was not until 2014 that the company was repositioned to function efficiently.
The Presidency stated, “Popularly known as The Mint, the company was established in 1963 with the objective of producing the nation’s currency, notes and coins, for the Central Bank of Nigeria as well as security documents for ministries, departments and agencies of government, banks and other blue-chip companies.
“The Mint is the largest banknote and security documents specialist printing company in West Africa.”
“However, its performance was rapidly dwindling in terms of both currency production and security documents prior to 2014.
“Under the chairmanship of the Central Bank Governor, Mr Godwin Emefiele, new targets were set, and the Managing Director/Chief Executive Officer of The Mint, Mr Abbas Umar Masanawa, recounts some of the achievements to include: zero importation of currency from 2014 to date, with attendant benefits of conservation of foreign reserve, revenue and employment generation, as well as safeguarding the nation’s sovereignty.”