To commemorate Nigeria's Centenary.
The new note was unveiled at the Federal Executive Council, FEC, meeting, in a presentation by the CBN Governor, Godwin Emefiele.


The new note which has features for the visually impaired will be officially issued into circulation on Friday December 19, 2014.

Explaining the features he said on the front side of the note is a public authentication features, window micro-optics, showing the national flag and numeral100 indicating the value of the denomination and the attainment of the centenary period.
This is how the new N100 note look from behind.


The second is a spark feature of a rolling manilla bar which was the instrument used during the slave trade era. A portrait of Chief Obafemi Awolowo is retained both in the ink, that is the interglow level, as a portrait and also in a paper as a shadow image.
"We made provision on the front for the visually impaired individuals in our midst by having a raised and embossed line," he said.


At the back side, the CBN introduced a feature called Quick Response Code, QRC. It is a feature that highlights and sources all the information about the centenary.
"This makes the note the first digital banknote in the world," he said.


The QRC is an application found on the smart phone or Ipad. 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.
President Goodluck Jonathan thanked the CBN for unveiling the note.

The Coordinating Minister of Economy and minister of finance, Ngozi Okonjo Iweala, said introducing the note was a smart move and the feature of the QRC is educative. But she went on to ask how much it will cost to print the notes.


The President said this will be discussed when the memo is presented.

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