Re: CBN’s proposed N5000 note

Delphine Chudi, 92, Bayo Oyewale Street, Okota, Lagos State, +23470518500: The Governor of the Central Bank of Nigeria, Lamido Sanusi, should save Nigerians from more inflation by dropping the proposal to reintroduce coins. If the wealthy class and banks are bent on foisting N5000 notes on the economy, so be it. They shouldn’t impose coins on us. It will only increase the prices of goods because Nigerians don’t like carrying coins.
A.B, +23480230261: The Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi, should explain to Nigerians how the proposed N5000note will not cause inflation. He should also use statistics to tell us how it will help the economy. All the talk by Sanusi and his team at the CBN cannot  convince intelligent Nigerians. Some financial experts have given the assurance that the N5000 note will fight inflation and will not affect the economy. I urge Sanusi to thoroughly explain his currency policy. The attempt by CBN Deputy Governor, Mr. Tunde Lemo, to explain the reasons for the proposed introduction of the note has not made it clearer.
Johnson Alabi, N5/2074 Bode Wasimi, Ibadan, Oyo State, +23480230261: Is the Governor of the central Bank of Nigeria, Lamido Sanusi, greater than Nigerians? I ask this question because I can’t fathom why he is bent on going ahead with the introduction of a N5000 note and the conversion of N5, N10 and N20 to coins. It is unfortunate that President Goodluck Jonathan has endorsed Sanusi’s plan, despite public outcry that it will lead to hyper inflation, damage Nigeria’s fragile economy and further devalue the currency.
Godson Ejiogu, Lagos State, +23480333374: The Central Bank of Nigeria must think that it can take Nigerians for a ride. I was disgusted upon reading its advertorial on proposed changes to Nigeria’s currency. In the advertorial, the CBN tried to draw a spurious relationship between the introduction of certain currency denominations and the reduction in inflation rate.
Mike Oluniyi, Abiding Grace Foundation, Grace Garden, Irewon, Ijebu Ode, Ogun State, +23480347140:
It is a pity that in this country, everything that the government proposes is opposed, for political reasons, lack of adequate information or because some people want to draw attention to themselves. Francophone African countries like Benin and Togo are making use of 10,000cfa, which is about N3,000. If those countries whose annual budget may not be up to that of a state in Nigeria have a currency worth N3,000 and it hasn’t damaged their economy, what negative effect will the N5000 note have on ours? Let us be realistic.
Olu Olanipekun, Ayobo-Ipaja, Lagos State, +23480352841: The Governor of the Central Bank of Nigeria, Lamido Sanusi, has lost every sense of economic management. If he is sincere, let the proposed N5000 denomination be in coins. Then, let’s see how corrupt leaders and fraudsters will walk the streets freely with stolen N1m in 200 coins or more. Let’s save this nation. If Nigeria must copy any part of the world, it should be the leading ones. Many leading economies cherish their currencies in hundreds and tens.
Dosu Gbenga, 1, CAC Street, Mushin, Lagos State, +23480520249: It is irresponsible of any government to think that the economic magic Nigeria needs most at this time of mass unemployment, insecurity, poor road network, dead local refineries, inflation and economic instability is naira restructuring. Let President Goodluck Jonathan remember that all that glitters is not gold. Let the Governor of the Central Bank of Nigeria, Lamido Sanusi, be told that this country is greater than him. The fact that he is addressed as the governor of the CBN does not give him the right to lord it over this country. He is a steward and accountable to all Nigerians and not the President.