5,000 NAIRA NOTE


DESPITE THE NIGERIAN NATIONAL ASSEMBLY REFUSAL TO APPROVE THE GO AHEAD ORDERS FOR THE CENTRAL BANK OF NIGERIA TO ROLL OUT THE NEW 5,000 NAIRA NOTE AND TURN THE NOTES DENOMINATIONS OF 5, 10 AND 20 NAIRA INTO COINS. WHAT A DISASTER THIS WILL BRING TO THE NIGERIAN ECONOMY. I WONDER WHY A COUNTRY WHICH CLAIM TO BE GOING CASHLESS WOULD NOW BE ROLLING OUT HUGE NAIRA NOTES AND AT THE SAME TIME CHANGING OLD ONES TO COINS.
THEY FORGET TO LEARN FROM EXPEREINCE THAT THE 1NAIRA AND 2 NAIRA COINS THEY INTRODUCE HAVE FAILED TO CIRCULATE ROUND AND EVEN NIGERIANS HAVE REJECTED IT….LETS BE SINCERE HOW MANY OF US CARRIES THESE COINS ABOUT? I THOUGHT THEY SAY WE HAVE 5KOBO, HALF KOBO, 25KOBO, 50KOBO, INAIRA COIN AND 2NAIRA COINS, WHERE ARE ALL THESE MONEY? DO THEY REALLY EXIST TODAY AGAIN IN OUR NATIONAL LIFE.
THE CENTRAL BANK GOVERNOR IS MERELY DANCING TO THE TUNES OF THE I.M.F EVEN THE UNITED STATES AND CHINA, TWO OF THE WORLD BIGGEST ECONOMIES DONT EVEN HAVE 5,000 NOTE ON A SINGLE PAPER. HABA….NIGERIA.
I STILL MAINTAIN THAT NOTHING IS WRONG WITH NIGERIA, IT IS JUST ITS LEADERS.
IS THIS OUR MAJOR CONCERNS NOW…..I WONDER A COUNTRY WHERE ITS LEADERS AND POLICIES MAKERS DONT DEBATE ISSUES OF NATIONAL CONCERN WITH IT CITIZENRY BEFORE ROLLING IT OUT. IS JUST A SHAME ON THE PART OF THE NIGERIAN NATION.I WEEP FOR MY NATION BECAUSE HARD TIMES AWAITS US IN THIS COUNTRY….MAY GOD DELIVER US….

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