NSPMC has100 percent capacity in currency printing locally

The Managing Director, Nigeria Security, Printing and Minting Company Plc, NSPMC, Abbas Umar Masanawa says, the Mint has achieved 100 percent capacity in currency printing in the country. The Company also, has excess capacity to print currencies of at least five other West African countries. The Managing Director, NSPMC announced this when he paid a courtesy visit to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa in Abuja, Nigeria. He stated that the Mint has moved from being a budget supported agency to a revenue generating institution, creating job opportunities for Nigerians. He made this declaration when the Managing Director, NSPMC, Abbas Umar Masanawa paid him a courtesy visit at the EFCC headquarters in Abuja, Nigeria. Reforms that had taken place Mr. Abbas highlighted the reforms that had taken place at the Mint over the years translating into over 90 percent Nigerian ownership and improved capacity with the acquisition of cutting edge equipment for currency and security document printing. The NSPMC boss however lamented that Ministries, Departments and Agencies were not complying with the provisions of its statue, which designated the Mint as the exclusive printer of security documents for all agencies of government. He congratulated the EFCC boss on his appointment, expressing confidence in the ability of the EFCC boss to take the agency to new heights. While commending the existing collaboration between NSPMC and the EFCC, Mr. Abbas said he was visiting to revalidate the existing relationship between the two agencies. The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has reiterated the readiness of EFCC to work closely with the Nigeria Security, Printing and Minting Company Plc, NSPMC in the actualisation of the respective mandates of the two agencies. Bawa, advised the NSPMC boss to reach out to agencies of government and get them to appreciate its status as the authorized printer of security documents.