10 Kobo

Nigeria's 10 Kobo underwent a quiet but deliberate redesign in the mid-1980s as the country's military government under Ibrahim Babangida pushed a broader economic restructuring program following the 1986 structural adjustment package imposed under IMF pressure. The shift to this smaller, lighter copper-nickel specification was a direct cost-cutting response to commodity price volatility and a collapsing naira — the government could not justify the metal content of earlier issues.

The KM#10.2 designation distinguishes this from the earlier 10.1 type. Production ran across four years, though distribution was uneven given persistent coin shortages in rural markets throughout the late Babangida period.