Nigerian five-hundred-naira note facts for kids
| (Nigeria) | |
|---|---|
| Value | 500 naira |
| Width | 151 mm |
| Height | 78 mm |
| Years of printing | since 2001 |
| Obverse | |
| Design | Nnamdi Azikiwe |
| Reverse | |
| Design | Off-shore oil rig |
The five hundred naira Nigerian note is a special piece of Nigerian money. It's a type of currency, which means it's used to buy things in Nigeria. This banknote was first introduced in April 2001. When it came out, it was the highest value banknote in Nigeria.
Contents
What is the 500 Naira Note?
The 500 naira note is a paper banknote. It has a value of 500 naira. This note is used every day by millions of people in Nigeria. It helps them buy goods and services.
The Front of the Note: Nnamdi Azikiwe
The front side of the 500 naira note is called the obverse. On this side, you will see a picture of Nnamdi Azikiwe. He was a very important person in Nigerian history.
Who Was Nnamdi Azikiwe?
Nnamdi Azikiwe was a great leader. He played a key role in Nigeria becoming independent from British rule. He was also the first President of Nigeria. He served from 1963 to 1966. Putting his picture on the note honors his contributions to the country.
The Back of the Note: An Oil Rig
The back side of the 500 naira note is called the reverse. On this side, you can see a picture of an off-shore oil rig.
Why an Oil Rig?
Oil is a very important resource for Nigeria. The country is one of the largest oil producers in Africa. Oil helps Nigeria earn a lot of money. This money is used to build roads, schools, and hospitals. The oil rig on the note shows how important the oil industry is to Nigeria's economy.
History of the 500 Naira Note
The 500 naira note was introduced in April 2001. It was part of an effort to make it easier to carry out large transactions. Before this note, people had to carry many smaller notes for big purchases. The 500 naira note made daily business simpler for everyone.
