The Central Bank of Nigeria on Wednesday in Abuja unveiled 1.915 billion units of new N5, N10 and N50 notes. The new bank notes are made from the polymer biaxially-oriented polypropylene, which greatly enhances their durability.
PRESIDENT Umaru Yar’Adua yesterday launched the redesigned N5, N10 and N50 bank notes by the Central Bank of Nigeria (CBN), with a call on Nigerians to support CBN’s “Keep the Naira Clean Campaign,” which is aimed at checking the abuse of the currency.
Receiving the new notes from the bank’s Governor, Mr Lamido Sanusi, at the Council Chambers of the Presidential Villa, Abuja, before the weekly Federal Executive Council meeting, Yar’Adua stated that “the redesigning of the lower banknote denominations and coins, as well as the introduction of a N2 coin in February 2007 represented a comprehensive reform strategy aimed at enhancing the efficiency of the currency structure”.
On the occasion, Sanusi said the redesigning of the banknotes was in accordance with sections 17 and 19 of the CBN Act; adding the new notes will be side by side with old ones for six months.
please do not distract and keep discussions along line of topic - make proper use of capit
Posted: at 30-09-2009 09:13 PM (14 years ago) | Gistmaniac
cintas1000 at 1-10-2009 12:47 AM (14 years ago) (m)
This is another example of a visionless state and leaders, redesigning the currency is just an act to seeking recognision or achievement by Lamido, It is not what the state requires now. The citizenry wants to see an enhanced living standard, Good health care, improved education standard, jobs for the unemplyed. Changing or redesigning the currency of about1.915 billion units , did not cost 100000, rather millions. These are avenues of stealing money. Sanusi knows he will not be there for a long time cos he will be changed becos of his illiterate and weak personality, he's doing what he got to do. We Nigerians are not fools! it's time our selfish leaders understands that facts.
Posted: at 1-10-2009 12:47 AM (14 years ago) | Newbie
This is another example of a visionless state and leaders, redesigning the currency is just an act to seeking recognision or achievement by Lamido, It is not what the state requires now. The citizenry wants to see an enhanced living standard, Good health care, improved education standard, jobs for the unemplyed. Changing or redesigning the currency of about1.915 billion units , did not cost 100000, rather millions. These are avenues of stealing money. Sanusi knows he will not be there for a long time cos he will be changed becos of his illiterate and weak personality, he's doing what he got to do. We Nigerians are not fools! it's time our selfish leaders understands that facts.
ojeagbons2 at 1-10-2009 10:22 AM (14 years ago) (m)
It is a sad news to hear that the FG of Nig is spending money in rolling out currency , rather than looking for how to solve the macroeconomics problems facing the country. What kind of misplacement of priority is this. This mismanagement has caused a lot of youths to travel all over the world looking for a better life, please i beg our so called leaders in name of God that they should have pity on the people and do the right thing.
OJIE
Posted: at 1-10-2009 10:22 AM (14 years ago) | Newbie
This is another example of a visionless state and leaders, redesigning the currency is just an act to seeking recognision or achievement by Lamido, It is not what the state requires now. The citizenry wants to see an enhanced living standard, Good health care, improved education standard, jobs for the unemplyed. Changing or redesigning the currency of about1.915 billion units , did not cost 100000, rather millions. These are avenues of stealing money. Sanusi knows he will not be there for a long time cos he will be changed becos of his illiterate and weak personality, he's doing what he got to do. We Nigerians are not fools! it's time our selfish leaders understands that facts.
bros, no mind demooo
2.0.
Posted: at 1-10-2009 01:50 PM (14 years ago) | Addicted Hero
divineproject at 1-10-2009 04:33 PM (14 years ago) (f)
That is what I call 'pursing bush rat when your house is on fire'............barely two years these notes were changed, they have spent our money launching another set of the same notes....why didnt they make the others the same way as #20 in the first place?......
A LITTLE HELP HERE; A LITTLE HELP THERE, MAKES THE WORLD GO ROUND!
Posted: at 1-10-2009 04:33 PM (14 years ago) | Hero
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