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Thursday, 28 November 2013

Upon Nigerians Rejection, Central Bank Will Roll Out N5000 By 2014

The Central Bank of Nigeria  disclosed that it would soon conclude plans to produce and roll out N5000 bills, a project which was initially abandoned due to its rejection by Nigerians.
Deputy Governor of CBN, Tunde Lemo, who disclosed this while speaking to journalists at the NIBSS 20th anniversary conference held in Lagos, said in one or two months from now, the N5000 notes would be in circulation.
According to him: "We only stopped the project due to the low level of understanding of its benefits among Nigerians, but we now plan to educate the people about the importance of the notes to our economy before we eventually launch it”.
He added that Nigerians would soon see the notes in circulation and start to enjoy its benefits.

N5000, is that really what Nigeria needs. Will it stop oil theft, Boko Haram, Militancy, Power outage and the endless list.  I think every body at the Apex bank are confused, foolish and stupid.






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