The decision of President Goodluck Jonathan to back the proposed introduction of N5,000 note into the Nigerian economy is one issue that is still generating ripples.

Reacting to former President Olusegun Obasanjo's criticism of the N,5000 note, the Presidency has waved it off, describing it as his personal opinion.

 Senior Special Assistant to President Goodluck Jonathan on Public Affairs, Dr. Doyin Okupe, told journalists in Abuja that Obasanjo is an “ordinary citizen" and whatever he said has no bearing on President Jonathan.

Obasanjo had, at a forum in Lagos last Thursday, said the N5000 denomination, if allowed, would kill production and affect small businesses negatively.

But Okupe, a one-time spokesman for the same Obasanjo, said the Federal Government is right to approve the denomination, irrespective of whatever Obasanjo has to say.

“It is a project of the Central Bank of Nigeria and it is also important to carry people along. From my investigation and discussion with experts, there is no assurance that it will lead to inflation.

“There is $1000 bill in the United States and that has not negatively affected the economy there. It is not carried by all Americans, but by those who need it. The N5000 note will also be like that,"

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Posted: at 10-09-2012 09:42 AM (11 years ago) | Upcoming

God help us......this people are just too bad to rule this nation....
We need leaders like Ken Saro wiwa,Issac Boro,Nelson Mandela......and not like this fraud leaders......
This country will not die because of them
The 5,000 naira note is the devil's mark and they want it to achieve their evil scheme
The God I serve won't allow them win......

Posted: at 10-09-2012 09:52 AM (11 years ago) | Newbie

“There is $1000 bill in the United States and that has not negatively affected the economy there. It is not carried by all Americans, but by those who need it. The N5000 note will also be like that,"

The 1000 bill is very limited. Theyre being destroyed. Many years ago notes over 100 were used for payment of bank transfer. About 43 years ago the distribution of high currency denominations including $1000 was suspended. So they're being destroyed   Americans have destroyed most of it.

Posted: at 10-09-2012 10:08 AM (11 years ago) | Hero

Na 2day? Who is deceiving who?

Posted: at 10-09-2012 10:37 AM (11 years ago) | Hero

Hmmmmm he has started finding his feet.

Posted: at 10-09-2012 05:12 PM (11 years ago) | Addicted Hero

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