No Going Back on N5000 Note- NEMT

 

National Economic management team headed by president, Finance Minister, Minister for National Planning and top business moguls yesterday deliberated  on the proposed N5000 and conversion of N5, N10, N20 to coins. The team comprises President Goodluck Jonathan, Finance Minister, Ngozi Okonjo Iweala, National Planning Minister, Shamsudeen Usman  and top business moguls like Aliko Dangote, Femi Otedola and others endorsed the CBN planned introduction of N5000 note come 2013. They argued that there is no relationship between currency re-denomination and inflation. However, the team added that  the new N5000 note is note for mass circulation

This also coincided with the yesterday protest march organized by Dino Melaye led Anti Corruption Network to occupy CBN head quarters in Abuja.