By Sandra Kenneth
The Central Bank of Nigeria (CBN) has called on members of the public, particularly market traders, to handle the national currency with care and pride to maximize its lifespan and reduce the high cost of replacing worn-out banknotes.
The charge was delivered in Kano on Monday during a public awareness campaign and roadshow held at Galadima Market to educate citizens on proper currency management.
Speaking at the event, Dr. Adedeji Adetona, Director of Currency Operations and Branch Management, emphasized that protecting the naira is both a civic duty and an economic necessity.
“The key message is about proper handling of the Naira. The Naira is the symbol of our sovereignty and national pride, and we need to handle it very carefully and effectively,” said Adetona, who was represented by Mr. Ibrahim Yahya, Deputy Director of Currency Operations.
Adetona noted that the Federal Government spends substantial financial resources replacing soiled, damaged, and mutilated banknotes—funds that could otherwise be redirected to critical public infrastructure.
“By handling the Naira carefully, we extend its lifespan and save significant resources required for currency replacement,” he added.
Focus on Commercial Hubs
Explaining the choice of Kano for the campaign launch, the CBN official described the state as a vital commercial hub characterized by heavy daily cash flows.
“Markets are primary points of transaction. Traders handle cash frequently from customers and accumulate it before depositing funds in banks,” Adetona explained. “Engaging traders directly is the most effective starting point to curb currency abuse.”
Following the launch at Galadima Market, the CBN sensitization team extended its outreach across key commercial centers in Kano, including Sabon Gari Market, Yankaba Market, Tarauni Market, ’Yan Lemo, the local Abattoir, and Dawanau International Grains Market.
Market Leadership Pledges Support
In response, the Chairman of the Galadima Market Traders Association, Shu’aibu Suleiman, welcomed the initiative and pledged full cooperation from market leaders.
Suleiman commended the apex bank for targeting commercial centers, noting that small-scale vendors—such as fish sellers—frequently deal with wet or dirty hands that accelerate note deterioration.
“Continuous public education is necessary to build better habits,” Suleiman said, assuring the CBN that market executives will work closely with officials to ensure the message reaches every vendor and customer.
