The federal government Tuesday formally endorsed the introduction of the 5,000 naira note introduction despite the criticism that has greeted its introduction.
In a meeting of the Economic Managament Team chaired by President Goodluck Jonathan, the CBN governor, Sanusi Lamido gave a detailed explanation of the programme.
The team also dispelled the fear that the introduction of the note will lead to high rate of inflation, saying that there is no link between inflation and currency denomination, adding that rather, the introduction of the higher currency will help shore up the value of naira as most people who store money in hard currency would now embrace the high denomination.
[Source Vanguard Nigeria]




l dnt know how or whom to qualify all the selfish leaders and rulers of my country , all u people ar doing ther is turn by turn but remember dat da place u ar is not ur father office so becareful of joinnig hands to spoil dis country ,all off u whos hands is involve in intruducing d 5000naira note must be reain in curt 4 quiry one day