N5000 Notes not for You Masses – Minister

As the controversies surrounding the proposed introduction of N5000 notes into the country continues, a federal minister has cleared the air on some of the complaints of the masses. According to the National Planning Minister, Shamsudeen Usman, the proposed N5000 note will not be for mass circulation. He said the N5,000 note would be reserved for banks and heavy cash users.

The minister made this clear during an interview with the State House Correspondents after the meeting of the Economic Management Team (EMT) presided over by President Goodluck Jonathan. It was during this same meeting that the Federal Government formally endorsed the introduction of the note despite the criticism that has greeted its introduction.

At the meeting of the Economic Managament Team chaired by President Goodluck Jonathan, the CBN governor, Sanusi Lamido, also explained the restructuring of the currency. The team also dispelled the fear that the introduction of the note will lead to high rate of inflation, saying that there was no link between inflation and currency denomination.

At this point, Nigerians will agree that majority of them are not banks (or bank owners), neither are the Nigerian masses handling “heavy cash”. So, Nigerians, you are expected to stop complaining about what is not meant for you.

Tags from the story
cbn, EMT, jonathan, N5000, sanusi lamido

23 Comments

  • Is this suppose to be a statement from a public servant and a minister of the federal republic? 5000 notes not for the masses? whose tax money will fund the production?? …

  • Listen 2 dis fool.y introducing d note if it’s nt 4 d masses?Well,i dnt blame u bt d president who had neva done anytin 2 make d pple hapi 4 once.Our politicians dnt knw wot govt is all abt.Without d masses,who do u wnt 2 lead?fools lyk u.

  • The statement is nt funny but show whom they are n what they stand 4, since they no not of what we are facing. Everything is free. Also our ignorant n lack of co-operation. Surely God is watching n awaiting them.

  • The statement is nt funny but show whom they are n what they stand 4, since they no not of what we are facing. Everything is free. Also our ignorant n lack of co-operation do a lot… Surely God is watching n awaiting them.

  • This people so called govt virtually see we Nigerians as fools not d other way round. They hve jst told us dat again 2 our faceAa with such irresponsible statement dat is provoking.Any right finkin Nigerian shuld have knwn that they were makin d new note 4 dem selves so dat they can stack more notes easily and take dem abroad. Fellow Nigerians I urge prayers and patience and see how it plays out. Let God judge everything

  • I am not suprised about what is happening. What you expect from someone who has no shoe? Nothing but to steal peoples shoe. A nation where the leaders have no respect for law. The law maker said NO but the public servants said YES. A nation where those who didn’t study government but farming governs. Mtcheeeeeeeew

  • IT’S QUITE SURPRISING THAT A COUNTRY OF OVER 130 BILLION PEOPLE, SOME SET OF CABALS SHOULD TAKE A DECISION SUITABLE FOR THEIR SELFISH AMBITIONS, TO THE DETRIMENT OF THE MASSES…. READ WHAT I CALLED THEIR SELFISH AMBITION, “Shamsudeen Usman, the proposed N5000 note will not be for mass circulation. He said the N5,000 note would be reserved for banks and heavy cash users.” WHAT A MISCHIEF, MISBEHAVIOR, NAUGHTINESS, STATEMENT? MR. PRESIDENT MY ADVICE FOR YOU IS, “YOU HAVE TO TRACE BACK, GO BACK AND CONSULT YOUR BIBLE ONCE MORE!!! MAYBE YOU MAY HAVE FORGOTTEN THE STORIES OF THOSE THAT JEOPARDIZE WITH GOD AND THEIR LATER END IN THE BIBLE. “THESE ARE SIGNS OF THE END TIME” BUT OF WHAT BENEFITS IS IT TO YOU, TO GAIN THE WORLD AND IT’S TREASURES AND LOOSE YOUR SOUL? let’s think of this…… GOODLUCK NIGERIANS…..

  • everyone of us is not as stupid as they think,who is the end receiver of the heavy cash spender the minister is referring to?or will the banks keep the cash in their tilt for decorations? the masses are the end users of course.out rightly unjustifiable.think of something else Mr minister of economic backwardness.

  • everyone of us is not as stupid as they think,who is the end receiver of the heavy cash spender the minister is referring to?or will the banks keep the cash in their tilt for decorations? the masses are the end users of course.out rightly unjustifiable.think of something else Mr minister of economic nonsense and backwardness.

  • do not let it happen for niga bcos if en happen am gana bombo all off una dis is one off bookharm and dis is my number 08032560966 OBASANJO YOU LOOK LIKE MONKEY AND GOODLUCK YOU LOOK LIKE GOAT YOU PEOPLE IDIOT AND ALL MINISTER,God will purnish u and ur generation……….. Stupid man, FOOOOOOOOOOOOOOL FOR EVER

  • what does this man take this country for??? He is as stupid as he sounds ”the 5000 naira note is not for the masses”, who are u leading? who put you there? Ur family i guess. I know dis country will be good someday, but until d whole house is desolved and the power changes hands, i fear if dat day will ever come. But always remember this our leaders: WE ALL ARE GOING TO ACCOUNT FOR OUR LIVES TO THE CREATOR SOMEDAY, what ever u sow, dats what u will reap. GOD HELP NIGERIA!

  • See dis idiots dat called demselves leaders,which people mad up nigeria,is d masses.i tout we re practisin democracy. God wil purnish dem

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