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Obasanjo says N5000 note will kill production

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Former
President Olusegun Obasanjo on Thursday said the introduction of the
N5,000 note would kill production and affect small businesses
negatively.
Obasanjo, who spoke at a roundtable advocacy forum organised by the
Institute of Directors, Nigeria, in Lagos, said the way the Governor,
Central Bank of Nigeria, Mr. Lamido Sanusi, was fighting inflation by
removing money from circulation was improper.
While speaking on the cost of doing business in the country, Obasanjo
called on stakeholders and government agencies to rise up to the
challenge.
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Adebayo Folorunsho-Francis is a communicator, Journalist, blogger, business coach and, of course, a prolific writer. He has Dip (Journalism) and B.A. (History & International Relations) from the Lagos State University (LASU). The self-effacing young man has worked for national, regional and local newspapers. He had worked with THISDAY covered community news for ISLAND NEWS and corresponded with P.M. NEWS (evening tabloid). Presently, he is the editor of CITYPULSE MEDIA and senior correspondent of PHARMANEWS, West Africa foremost health and pharmaceutical journal.

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