Nigeria Condemn the Proposed New Currency
According to the poll conducted by the National Bureau of Statistics 75 percent of Nigerians are opposing the moves by the Central Bank of Nigeria to mint and circulate N5000 note come next year.
The new naira note
-
Nigeria: CBN Plans Fresh Campaign Against Naira Abuse
Vanguard, 13 September 2012
The Central Bank of Nigeria, CBN, says it will soon embark on another phase of "massive campaign" against the abuse of the naira. read more »
-
Nigeria: Currency Reform and Naira Restructuring - Ndanusa
Leadership, 14 September 2012
Economics was defined by Prof. Oluwasanmi in his days at University of Ife as common sense made difficult by complex theories, intricate analysis and jaw-breaking formulas. read more »
-
Nigeria: N5,000 Note and Matters Arising (opinion)
Vanguard, 13 September 2012
My interest today on the new N5,000 currency note about to be issued by the Central Bank of Nigeria, CBN, has nothing to do with the controversies of whether it should be issued or ... read more »
-
Nigeria: N5,000 Note (opinion)
Leadership, 10 September 2012
I don't give a damn whether N5,000 note is introduced or not. Only those who are likely to benefit from the booty would give a damn. I don't see how the introduction will improve ... read more »
InFocus
-
The plan by the national bank to introduce 5,000 naira note into circulation by first quarter of 2013 and to convert some naira notes into coins has sparked controversy in the ... Read more »
-
The Central Bank of Nigeria has disclosed that the planned introduction of the new currency in 2013 will save the economy and explained that it will have no inflationary effect. Read more »
Comments Post a comment
Please, do try not to title your articles like this, if you plan to target educated audience too. I studied statistics, hence the report is a disgrace to a statistical evaluation. Considering that Nigeria has a population of over 150million, what sample size was covered in the questionnaire/poll to make such a solid conclusion. Furthermore, was there any means to quantify the class of respondents? Such as age group, employment status, education, etc...more information about the survey is not even provided. It might have been response from 100 high school students who have no idea about pros & cons of introducing higher denomination currency, which would make the survey unrepresentative...
O yes, I have also gone to various markets. My empirical findinds showed that over 80% of Nigerians are opposed to this plan of Naira restructuring that brings in N5,000 Notes and put more coins into their pockets. My findings also reveal that, Sanusi Lamido Sanusi is acting the scripts of 'Ahitopelan' counsels of some self seeking Oligachists, who have been rampaging Nigerian resources with the active connivance of their foreign friends. This is an irony of fate. These Oligachists have ruthlessly looted the resources of this Nation without let or hinderance. They have through their unpatriotic stealing, rendered the North as least developed, and the South in a state of despondency. The planned introduction of this currency regime is to widen further the gulf of poverty in Nigeria. Will this new currency regime bring back the looted Oil Money of 400 Billion US Dollars by these Rapacious Oligachists and their lackeys. There was a time, One Pound was equivalent to 80K in Nigeria. Will the new planned currency regime bring back this value? The reason for the tottering of Nigerian economy has been due to fraudulent policy formulation and execution that only benefit just only 1% of our population. Nigerians will soon be asking the Sanusis, Where is Our Money? By Isunola Asi Anishere (Chief).
See All Comments