Vice President Namadi Sambo and the Central Bank of Nigeria’s Governor, Godwin Emefiele joined the President to unveil the note during the weekly Federal Executive Council meeting.
President Goodluck Jonathan lauded the CBN for coming up with the commemorative note, though it was coming a bit late since activities marking the nation’s centenary had been concluded.
He recalled that commemorative N50 notes were also introduced to mark the nation’s 50th independence anniversary.
Minister of Finance, Dr. Ngozi Okonjo-Iweala, also commended the CBN for coming up with the notes.
Shortly after presenting the note the CBN Governor said it was issued to commemorate the 100 years of the nation’s amalgamation.
He said the new note was produced with what he described as most advanced security features in the world.
Emefiele listed the design platforms on which the note was made to include security, durability, attractiveness, cultural heritage and transformation.
A new feature called Quick Response Code was added, QRC is a feature that highlights and sources all the information about the centenary.
“This makes the note the first digital banknote in the world,”
The QRC is an application found on smart phones and tablets. Once the barcode on the back of the note is scanned it shows the President’s face and then comes up with all information on Nigeria’s history.
The new note also has features for the visually impaired and will be officially issued into circulation on Friday December 19, 2014.