The latest news in the country now is that of the new N5,000 that the Central Bank of Nigeria (CBN) is planning to release to the Nigeria Economy by 2013, which as already generated so many reactions from Nigerians, even though the money is yet to be released to the Money Market or whatever they choose to call it.
The reason for these reactions are the challenges faced by many Nigerian traders in terms of change, when the N1,000 note was first introduced to the Nigeria Market, Many traders find it difficult to transact business with their customers, imagine a customer buying goods worth N300 with N1,000 note, the trader will have to sacrifice the little change he or she has gathered to balance the customer.
That is just few of the many uneasiness that the Nigerian citizen should be expecting along with the new Naira note.
I don't know why the chairman of CBN, Malam Sanusi Lamido Sanusi is comparing Nigeria with some advanced countries, while we are still developing, and come to think of it, a country dominated by corruption and oppression, I don't just know why everyone in power are just coming up with different policies, without think whether it will go down well with citizens.
But I am very sure that Nigerians are getting wiser now.
That is just my own opinion, if you have anything different from mine, why not let me know by speaking your mind by dropping your comment(s), thanks.
God Bless Nigeria, God Bless Me, and God Bless You.
Thanks.
Well I think it will encourge more corruption and inflation, and more hardship to Nigerian petty traders.
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