ifihearam: Obasanjo does no longer have control over GEJ hence he resigned as the chairman of pdp's BOT.

@topic

I wonder what's wrong with CBN,they can't even sell their product well,I have never seen such a useless governor in my life. They did not even inform stakeholders before running to a conclusion,the media was kept out from it and to make it worse,the families of the 3 women to appear on the notes where not also consulted.

The deputy director of cuurency stated yesterday that the main reason of its introduction is as a store value and not for transaction since nigerians prefer storing the dollars,she also pointed out that the one thousand naira note has been counterfeited because we get it from the ATM,can u beat that....

To add more salt to injuries,my presido has approved it.

Genius100: Nigerians are illiterates. Did you guys not watch the video? Obasanjo did not say N5000 note will kill production. He said the CBN governor just focusing on curbing inflation will kill production...

John311: Former President Olusegun Obasanjo on Thursday pitched his tent with ordinary Nigerians to condemn the introduction of a new N5,000 note into the economy, saying the introduction of the N5,000 note would kill production and affect small businesses negatively.

Obasanjo, who spoke at a roundtable advocacy forum organised by the Institute of Directors, Nigeria, in Lagos, condemned the approach of the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi.

Olufamous.com gathered that Obasanjo insisted that the manner in which Sanusi is fighting inflation by removing money from circulation was improper.

While speaking on the cost of doing business in the country, Obasanjo called on stakeholders and government agencies to rise up to the challenge.

He said some observers had suggested that the Vision 2020 blueprint was somewhat of an ambitious agenda, which was unrealisable considering the daunting challenges confronting businesses in the country.

Obasanjo said the 2012 annual report of the International Finance Corporation and the World Bank showed that a record number of African countries took decisive steps to encourage more local entrepreneurs to come into the formal economy over the past 12 years but Nigeria was nowhere to be found.

He said, “Across the continent, 15 countries lowered barriers to entry for new businesses, 23 facilitated access to credit, and seven made it easier to pay taxes. Nigeria is not in any of these leagues.

“In its 2008 report, Nigeria ranked 108 out of 178 countries and in the space of four years, we rank 137 out of 183 countries measured. This is a damning report on our business environment and, therefore, calls for more concerted efforts by various stakeholders on how to ensure that this trend is reversed and the Nigeria business environment is made more conducive for investments and less costly for businesses to thrive," he said.

"We cannot aim for 2020 if we do not halt the downward spiral,” Obasanjo stressed.


https://www.youtube.com/watch?v=e_FyVqdDl3Q

http://www.channelstv.com/home/2012/09/07/n5000-note-will-kill-production-says-obasanjo/

chucky234: Who is the illiterate here,whats the difference between the CBN governor and the N5000?
Mumu Sanusi said the introduction of N5000 will curb inflation and help the naira,if OBJ say SLS focusing on curbing inflation will kill production he simply mean the introduction of the controversial N5000 note will kill production.

I am sure you are a product of Umukoro University,Igbobi town


LWKMD

steph7: Even obasanjo dat didn't go to a university is sharper than sanusi, sanusi should go and ask harvard to return his school fees, he obviously wasted his time going to school.5000 naira note indeed

Rich4god: Why do i alwaz have the feeling that majority of our leaders are being controled by some foriegn agents.

steph7: Even obasanjo dat didn't go to a university is sharper than sanusi, sanusi should go and ask harvard to return his school fees, he obviously wasted his time going to school.5000 naira note indeed

femmy2010: Hope they listen and abort their planned introduction of the N5000 mote .

ddippset: this means that faruk lawan's cap alone will accommodate 1 MILLION. damn!

Remii:

Those guys don't take Naira, they take dollars, pounds and euros..

alaoeri: Expecting some GEJ a5s lickers to bash OBJ on this thread.

nneh1: For God's sake is it a must that whenever a CBN GOVERNOR'S tenure is rounding up new currency must come in.

segunjowo: There will be nothing else in this country once the proposed currency is introduced. There will no longer be N10 naira biscuit for our children, no longer N5 or N10 naira pure water, no longer N20 Naira Garri(oh! It will sure affect the price of our precious Garri!!) In this Lagos, there are some distance you can go by bus for N20 or N30 Naira, but now, bus operators would demand N50 Naira flat for such distance. Pure water will rise to N50 Naira (chei! Poor man no go drink water?) God of Elijah in the book of 2Kings, I ask thru this medium (God is online, damn it) for you to come down by fire and Kill Sanusi and his evil cohorts managing this economy (amen). I mean, their evil plan for our Naira shall not manifest in Jesus Name! Amen!

segunjowo: There will be nothing else in this country once the proposed currency is introduced. There will no longer be N10 naira biscuit for our children, no longer N5 or N10 naira pure water, no longer N20 Naira Garri(oh! It will sure affect the price of our precious Garri!!) In this Lagos, there are some distance you can go by bus for N20 or N30 Naira, but now, bus operators would demand N50 Naira flat for such distance. Pure water will rise to N50 Naira (chei! Poor man no go drink water?) God of Elijah in the book of 2Kings, I ask thru this medium (God is online, damn it) for you to come down by fire and Kill Sanusi and his evil cohorts managing this economy (amen). I mean, their evil plan for our Naira shall not manifest in Jesus Name! Amen!

segunjowo: There will be nothing else in this country once the proposed currency is introduced. There will no longer be N10 naira biscuit for our children, no longer N5 or N10 naira pure water, no longer N20 Naira Garri(oh! It will sure affect the price of our precious Garri!!) In this Lagos, there are some distance you can go by bus for N20 or N30 Naira, but now, bus operators would demand N50 Naira flat for such distance. Pure water will rise to N50 Naira (chei! Poor man no go drink water?) God of Elijah in the book of 2Kings, I ask thru this medium (God is online, damn it) for you to come down by fire and Kill Sanusi and his evil cohorts managing this economy (amen). I mean, their evil plan for our Naira shall not manifest in Jesus Name! Amen!

Genius100: Nigerians are illiterates. Did you guys not watch the video? OBASANJO DID NOT SAY N5000 NOTE WILL KILL PRODUCTION. He said the CBN governor just focusing on curbing inflation will kill production...

wengerjay: Ebora owu has spoken,the spirit of wickedness in both jonathan and sanusi must treble.