Nigeria is just 67 years and its oldest paper money, N20, has marked it’s 41 years of existence.
On February 11, 1977, the military government of Obasanjo acquainted another banknote control with check a fresh start for the nation. As of now, the paper note was the most elevated estimation of Naira in the nation.
Like other currencies, the issuance of this note was necessitated by the growth of incomes/revenue of Nigeria. High preference for cash transactions and the need for convenience also prompted the government to take this decision.
Moreover, the currency is the first money in Nigeria to have face of indigenous people. Both sides of the note have portraits of late General Murtala Ramat Muhammed (1938-1976) and Ladi Kwali, a famous pottery from Gwari Abuja.
Much has been written and said about the late head of state, but little is known as the Ladi Kwali.
Ladi Kwali was professional pot maker whose skills got her a recognition from the Queen of England. In 1962, Kwali was awarded Member of the Order of the British Empire (MBE) in 1962 by the Queen Elizabeth II for her pot making skills.
The Nigerian Government also invested on her with the insignia of the Nigerian National Order of Merit Award (NNOM) in 1980. This award is the highest national honour for academic achievement in the country.