The Vice-President of the Federal Republic Of Nigeria, Prof Yemi Osinbajo presided the sale of the Federal Government’s 12.4 billion Shares in Nigerian Security, Printing and Mining (NSPM) Plc to the Central Bank of Nigeria at the State House, Abuja. This happened on the 19th September, 2018 and this happened with a signing ceremony. Also present at the event held at the presidential villa, was the Governor of The Central Bank of Nigeria, Mr. Godwin Emefiele.
In his speech, Alex Okoh, the Director General of the Bureau for Public Enterprises (BPE- a Nigerian government establishment in charge of managing public assets) assured all concerned citizens that the sale of 21% of the Federal Government’s share in Nigerian Security Printing and Minting (NSPM) to the Central Bank of Nigeria (CBN), will contribute over N17 billion to the national treasury. He described the move as significantly vital, especially given that the global market for security printing is estimated at over $27 billion and likely to grow at about 4.8 per cent annually to $34.3 billion by 2022.
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