Nigeria Will Have 5,000 Naira Note Next Year

Next year, the Central Bank of Nigeria (CBN) will introduce a N5,000 note that will have the features of three female Nigerian nationalists: Margaret Expo, Funmilayo Kuti and Gambo Sawaba on it. 

President Goodluck Jonathan gave his approval to the plan in December 2011 which includes the redesigning of the existing currency notes and coins. The current N500, N200, N100, N50 will be redesigned with new security features while the N20, N10, and N5 notes will be converted to coins.

According to the CBN governor, Mr Lamido Sanusi Lamido, "the issues raised and the subsequent findings and decisions were summarised as follows: due to inflationary pressures, the CBN should coin lower denominations of currency up to N100..."

Na wa o! I hope say we no get N1,000,000 note one day come go become Zimbabwe's sister. Sho!