NIGERIAN COINS

Nigeria Kobo

Nigeria coat of arms

1 kobo 1974
Weight: 2.57gm
Metal: bronze
Diameter: 17mm
Ruler: Elizabeth II
Reverse: value flanked by oil derricks


5 kobo, 1973

Metal: copper-nickel
Reverse: cocoa beans with denomination

The Nigerian connection with cocoa is vast and has been there for a long period of time. It has been documented by a number of authors. The impact of cocoa on the Nigerian economy is big as Nigeria is a major exporter of cocoa and cocoa products, and cocoa is a major source of revenue to the cocoa producing states. The crop also provides employment to a very significant percentage of the Nigerian population, either directly or indirectly.

10 kobo, 1973

Metal: copper-nickel
Diameter: 2.8mm
Reverse: value with palms

Nigeria has always been a major producer of palm oil for long and so this tree has its place in Nigeria.

As of the present, the Nigerian agriculture is languishing because the government is giving most of the focus on the crude industry post the discovery of natural oil resources in the area. Now they are no longer major producers of crops like cocoa, palm oil etc.

The Coat of Arms of Nigeria has a black shield with two white stripes that come together, like the letter Y. These represent the two main rivers flowing through Nigeria: the Benue River and the Niger River. The black shield represents Nigeria's good earth while the two horses on each side represent dignity. The eagle represents strength, while the green and white bands on the top of the shield represent the rich agricultural land of the inspiring country. The yellow flowers at the base (incorrectly shown as red in the image) are Costus Spectabilis, Nigeria's national flower.

Posted By :Shubham Gupta