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Wednesday, September 19, 2018

Vice President Yemi Osinbajo in Abuja presides over the signing of the sale of the FG's 12.4 billion shares

NIGERIA - Photospeak of Vice President Yemi Osinbajo, Tuesday, presided over the signing ceremony of the sale of the Federal Government's 12.4 billion shares in Nigerian Security, Printing and Minting (NSPM) to the Central Bank of Nigeria (CBN) in Abuja.

The instrument was signed by the CBN Governor, Godwin Emefiele, and the Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh. 

Speaking at the ceremony, Osinbajo, who is the Chairman of the National Council on Privatisation (NCP), said the idea behind divesting 21 per cent public interest in the NSPMC was to bring synergies that could come from public and private sector coming together, especially in complex projects that require cutting-edge technology.

"Security printing has taken new dimensions; it is no longer what it used to be. As a matter of fact, there are those who think that today there is more of technology than merely security printing.

"If you look at some of the cards that are being printed today, that in the chips are not just security they are actually technological assets. 

"So, there are new assets and there new dimensions and there are new ideas and it’s just the private sector that can really be at the cutting edge of technology and innovation.” 

Idowu Sowunmi

Journalist | Communicator 

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