NSPMCNigerian Security Printing and Minting Company Ltd.
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The agreement is for the transfer of the transfer of 12.4billion federal government shares in the NSPMC to the CBN.
In his remark at the ceremony, Osinbajo, who is the Chairman of the National Council on Privatization (NCP), explained that idea of divesting 21 % public interest in the NSPMC was to tap from the combined synergies of the public and private sectors especially in complex projects that require cutting-edge technology.
He was confident that the CBN and its technical partner, De La Rue, who is the private company in the deal, would bring in the innovative edge in the NSPMC.
Also speaking, CBN governor, Godwin Emefiele, said the NSPMC is an asset with the capacity to produce currency for not just Nigeria but also for the West African region.
BPE s Director-General, Bolanle Onaguruwa said, Negotiations are on-going with the Central Bank of Nigeria (CBN) for the privatization of the mint and once the apex bank hands off the running of the NSPMC, it would also be listed on the stock exchange in 2015.