CBN to recycle dirty naira notes, others with N500m

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The Central Bank of Nigeria, CBN, said it has earmarked N500 million for the recycling of old bank notes and other hazardous electronic materials that constitute environmental hazards.

This was disclosed at the workshop organized by the Ministry of Environment in collaboration with the Nigerian Energy Support Programme (NESP), European Union, GIZ, UNIDO, Heinrich Boll Stiftung (HBS) and other stakeholders on strategic action plan for safe use, disposal and recycling of expired battery.

According to the Special Adviser to the CBN Governor on Sustainable Banking, Dr, Mrs. Aisha Usman Mahmood, the apex bank was primed to ensure that the activities of the financial sector do not negatively impact on the environment and human health.

Mahmood stated that the CBN was leading the charge in the drive to attain low carbon economy by 2030.

“CBN has started recycling it’s waste papers to tissue papers for IDPs and schools, while polymer bank notes is recycled to plastic chairs and tables for use by school children,” She said.

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