CBN set to introduce N5000 note

The Central Bank of Nigeria announced this evening that it will introduce N5, 000 notes into the system. Contrary to speculations that CBN planned to use Nigeria’s late former president, Umar Musa Yar’adua’s picture on the note, it has now been announced that the faces of three late prominent Nigerian female activists will be used on the new notes which will be launched next year. The women are:

1. Margaret Ekpo: late politician and social mobilizer (1914 – 2006)
2. Hajia Gambo Sawaba: late politician and activist (1933 – 2001)
3. Funmilayo Kuti: lte politician and women’s right activist (1900 -1978)

They also plan to convert the N5, N10 and N20 notes to coins next year

Do you think this is a good idea?

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Seyi is an author at www.gistus.com.
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22 Responses to "CBN set to introduce N5000 note"

  1. Tboy says:

    Why is he playing with our currency? every year new change.i think cbn boss want us to notice him that all.oga sanu we notice you clap for yourself welldone.

    Reply
  2. Bitty says:

    SO this news is true? Who is Hajiya Gambo? Never heard of her. Each of these women deserve a note in their own right. They should remove notes with military dictators and replace them with the women instead of puting them all on one note

    Reply
  3. Dik Semiu Oladimeji says:

    this is not the charllengies that we are facing now, they are just wasting our money…

    Reply
  4. Mary Ejembi says:

    Nigerian thieves, there re lukin for a way to still more money, God will punish u pple one day.

    Reply
  5. Robin's Kingston De Cardinal says:

    is ok, but I would like them to change this nylon currency to papper form and make all the currency to be of that size preferable… That's my own opinion.

    Reply
  6. Robin's Kingston De Cardinal says:

    No, convertion of twenty Naira, ten, and five Naira into a coins is totally unbalanced, let them not think about that.

    Reply
  7. Cordelia Usman says:

    it is ok to honour women.

    Reply
  8. Chidozie Vicconcy Nwakire says:

    F***king buffalos dats what they are.
    Expect Hyper-runaway inflation.
    I dnt like this.

    Reply
  9. Adadike Nnenne Nnabugwu says:

    instead of changing 5-20 naira into coins…..they should consider bringing 50 kobo back and one naira back in coins….apart from that…..it sounds like a good idea using the women for the 5000 naira note :)

    Reply
  10. isaac obeh says:

    the ideal is improper to do let the conver it to 2000 not 5000.it 5000 get lose is very painful.if the do it?the are make nigerias who are in govrt. to enable then to steal the money.let go for 2000.& for the coins the should only do that to five,ten

    Reply
  11. benard says:

    To my own knowledge, changing from 20naira down to coins will only make those useless, we’ve done things like that before. No one went for it and for that 1 naira and 50 kobo isn’t in circulation any longer. I also think creating 5000 naira note will in a way close the gap between the worth of naira and us dollers, don’t know if nigeria economist sees it my own way.

    Reply
  12. benard says:

    Which ever way, God bless nigeria and show us the way forward, all we’ve got as leaders are set of blind dude leading blind ppl.

    Reply
  13. Honourable Mike says:

    not a Good idea at all, if you people have to convert N5, N10 and N20 notes to coins, then you people should bring out what that N5, N10, AND N20 Coins will buy, I Guess you all have something to benefit on this printing and converting Nigerian Money.

    Reply
  14. juliet ken says:

    i think this idea of changing 10-20 naira to coins is not good because it will be reducing Nigerian currency the more instead is better to start using 50kobo nd 1naira. i
    f cbn do that it means that 50-200 naira will be like10-20 naira nd within a short time they will stop using that 10-20 naira coins like 50kobo nd 1 naira.

    Reply
  15. ugo chukwu ogbodo says:

    I just want our leadres to consider the concept and what will be the out come of the lives of the poor at the near future of our country. There’s no need to that change now . We will killing our naira, just the way kobo was killed. CBN… You must think and think right. One Nigeria ..

    Reply
  16. kissi says:

    Na wa o…..abeg make them no change our note ..

    Reply
  17. Stripes Doluwa Olufemi says:

    when will our leaders going to start being reasonable and stop being selfish in Nigeria. this country needs revolution.

    Reply
  18. Agbeja Olajumoke says:

    This is not right. They just want to destroy our economy

    Reply
  19. Tosin says:

    Bye_bye to 5000note!!! what a mighty God we serve.

    Reply
  20. Ijidai says:

    this is madness, there are time i give drivers 1000 naira notes and will take us minutes to find change. what will then happen if its 5000?

    Reply

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