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Nairaland Forum / Nairaland / General / Politics / Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido (25770 Views)
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Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by ifeci: 10:00am On Sep 16, 2012 |
werepeLeri: None of you arguing and shouting has come up with any rational reason or argument against the proposal - its just all sentiments. Oga where were u d last time some notes like one naira were converted to coins? wot happened? everything one naira became five naira! has the prices of goods not inflated? or do u understand inflation from jst one perspective? more so, the introduction of the #5000 note will cause a parallel economy and will further fuel corruption! which don't u understand? we r tlking practical economics, not theories! 3 Likes |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jhydebaba(m): 10:04am On Sep 16, 2012 |
"Nigerians are wasting their time" in other words, Nigerians can rot in hell for all he cares. "I don't care" Yes! his boss also did not give a damn. #5000 has come to stay and that's the truth. Who can dare them? Until we wake up and fight capitalism, the spirit will continue to hurt us. Who's going to lead the fight? Few people enjoying the national cake while their dogs feed on the crumbs and the masses are left with nothing to lick. |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by werepeLeri: 10:07am On Sep 16, 2012 |
ifeci: Very meaningless vituperations. So, the fact that a note became a coin sent prices high? Hmmm LOL. Economics 569 I think. No need arguing with your thinking. Its crude. Save your brain. Dont reply. |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:08am On Sep 16, 2012 |
mbhs139: Thank Ɣ☺Ʊ bro, τ̲̣̣̥н̣̣̣̝̇̇̇ε̲̣̣̣̥ next thing we might hear will be τ̲̣̣̥н̣̣̣̝̇̇̇ε̲̣̣̣̥ old gist; saying "we will ensure Ŧħåϯ τ̲̣̣̥н̣̣̣̝̇̇̇ε̲̣̣̣̥ coins are fully utilized" these guys are bunch of jokes. When N1000 note was printed, we heard Ŧħåϯ it was going Ť☺ be scarce ( ßŮϯ now most of us şᵆ or use it ♍☺re than τ̲̣̣̥н̣̣̣̝̇̇̇ε̲̣̣̣̥ N20 note) Don't get ♍e wrong SLS is an intellegent being ßŮϯ at times H̲̅€ fails Ť☺ realize Ŧħåϯ theory is different from real world. ![]() 2 Likes |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by werepeLeri: 10:09am On Sep 16, 2012 |
jude33084: Why cant you use normal letters so you can be seen to be making sense? 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by ifeci: 10:09am On Sep 16, 2012 |
werepeLeri: Yes! unless u reside in the moon or u hv chosen not to b truthful & dnt tell me not to reply because u r lacking knowledge 4 Likes |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jhydebaba(m): 10:10am On Sep 16, 2012 |
werepeLeri: None of you arguing and shouting has come up with any rational reason or argument against the proposal - its just all sentiments.Even the average man on the street without any economics background knows from experience the effects of new note on his income. Prices tend to increase to the nearest naira note. Have you ever asked yourself why the price of pure water increased by 100%? 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by xynerise: 10:11am On Sep 16, 2012 |
I want Sanusi to tell me the benefit of the N5000 note to the poor 2 Likes |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:12am On Sep 16, 2012 |
werepeLeri: I am sorry about that bro I use BB ![]() I will have to retype ![]() |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by ifeci: 10:13am On Sep 16, 2012 |
jhydebaba: Even the average man on the street without any economics background knows from experience the effects of new note on his income. Please tell him, the guy seems to be lower than average 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by kunletade(m): 10:15am On Sep 16, 2012 |
This is what we get from the so-called harvard graduate SMH... After they will tell us Democracy is the govt. For the people... 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:15am On Sep 16, 2012 |
werepeLeri: Please don't be offended o! Are you in Nigeria? 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by Talk2naija(m): 10:19am On Sep 16, 2012 |
If i am the President, I'll Behead Him 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by Reference(m): 10:22am On Sep 16, 2012 |
Frank-C: No Sir. That's not how democracies work. Without rigorous debate leadership is bound to err whether now or in the future. 2 Likes |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by muyenmuyen: 10:25am On Sep 16, 2012 |
this so call Sanusi is too arrogant in his speach, it is high time his wings are cut down bf4 he destroy nigeria d more. he does not want the poor to even live at all.remember God dey o 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by greatgod2012(f): 10:27am On Sep 16, 2012 |
why wudn't he say so, at least they are letting us know dt nigerians dont have a say in what happens in their country, besides, how many times have our leaders yielded to d yearnings of we nigerians, abeg, do what pleases u, this no be 1st time. |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by idlaw2k3(m): 10:28am On Sep 16, 2012 |
werepeLeri: None of you arguing and shouting has come up with any rational reason or argument against the proposal - its just all sentiments.Sanusi may have good motives and sound economic arguments to back up the N5000 note introduction, but what good will it achieve if it sets the country on fire ![]() 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:30am On Sep 16, 2012 |
Dis Guy: I think the MODS have to look closely at this dailypost, it's not really genuine, seems like a place anyone can generate a topic Its genuine ![]() ![]() |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:33am On Sep 16, 2012 |
greatgod2012: why wudn't he say so, at least they are letting us know dt nigerians dont have a say in what happens in their country, besides, how many times have our leaders yielded to d yearnings of we nigerians, abeg, do what pleases u, this no be 1st time. Giving up so easily? ![]() |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by muyenmuyen: 10:33am On Sep 16, 2012 |
mr Frank u are wrong, even thou, is doing wrong thing because he has been screaned by the assembly ,people should allow him? no way .let him listing to the voice of nigerians |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by werepeLeri: 10:34am On Sep 16, 2012 |
jhydebaba: Even the average man on the street without any economics background knows from experience the effects of new note on his income. So, the price of pure water is what you based your argument on? How much was pure water sold before? 1Naira? So because there is coin in a nation's currency, price will jump up? Or I dont geddit. Why is there 1p coin in GB and 1 cent in USA? Enlighten me but not with pure water - abeg. Is it by force you carry the 5000 Naira note? |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by kusugh: 10:34am On Sep 16, 2012 |
377: He is an educated nd foolish economist all these cattle rearers that doesnt no anything.First of all look @ what u spelt as know.what u were reffering to was "know"and not "no".Well the cattle rearer is twenty times better than soludo who is a fellow southener like you.Atleast he has closed most of the leakages soludo created 4 other southeners to steal like Akingbola and Ibru.Come on dude give this guy a break,he is better than all the southeners that have held that post put together. |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by Delafruita(m): 10:35am On Sep 16, 2012 |
werepeLeri: None of you arguing and shouting has come up with any rational reason or argument against the proposal - its just all sentiments.i am not an economist but my layman knowledge tells me this is a bad policy.i dont need to think too far because every country that has gone this route of printing high denominations have suffered uncontrollable inflation and some had to redenominate.we have to learn from history.why should we try a strategy that is well known to be a precursor to an economic collapse? some countries have high denominations e.g america has the $1000 but you rarely see it in circulation.sanusi has been implementing a cashless policy so there really is no need for creating a new denomination when you want to mop up money from circulation. by the time the lesser denominations become coins,you wont be able to buy anything for 5,10,20 or 50naira.because nigerians are averse to the use of coins and that will see prices rise hence the inflation we are worried about.thats just a layman view and am sure the economic indices will paint a worse scenario 5 Likes |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:35am On Sep 16, 2012 |
Reference: Abeg helep mi tell τ̲̣̣̥н̣̣̣̝̇̇̇ε̲̣̣̣̥ Oworo shoki Harvard student ![]() Don't mind τ̲̣̣̥н̣̣̣̝̇̇̇ε̲̣̣̣̥ post ![]() |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by werepeLeri: 10:38am On Sep 16, 2012 |
Delafruita: Nigerians are averse to the use of coins - so, we must not print coins. Do we have three heads as compared to other nations of the world where the people use coins? Abeg. Werent we using coins previously? So are you telling me now, if you have a 100 naira coin, you wont spend it, you will throw it away because you dont like coins? Come on. Say something better. Which country are you referring to with uncontrolable inflation because they have high currency value? Japan? Whats the highest currency value in Japan? Thank you for saying America has the 1000 dollar bill. It caused inflation I guess, and Americans are averse to the use of coins because they feel too big? I dont get it. Dont use layman's logic to argue an economic policy - use well laid out, logical argument. |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:38am On Sep 16, 2012 |
Delafruita: Werpeleri Over Ť☺ you ![]() |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by Reference(m): 10:39am On Sep 16, 2012 |
Frank-C: No Sir. Democracies don't work that way even for those in top shape governed by exceptional people. The truth is that without debate leadership is bound to err, if not now, in the future. Let the debate continue. Its not an expedient thing. We have time. Its not a security issue or some ebola viral attack. |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by UncleJJ(m): 10:40am On Sep 16, 2012 |
Sanusi is right. We , the educated , have started to reason like illiterates. Have we quickly forgotten, the cashless policy. This new note will force you and I to go cashless. The poor hardly makes withdrawals over 5k. Even sucessful traders make transfers an dc use check books. Without this new note you guys will never fully accept cashless policy. I suggest you get poketmoni. And prevail on as many business people to integrate these systems into their businesses. Though transaction fees may be high, discounts will soon take over to force sales. What is happening in this country is simple, you have to grow smarter to survive the old ways are not working anymore. And, 5k notes will not effect corruption. All monies stolen in the past where concluded using wire transfers. Big business do not use cash they make transfers. Sanusi is anti west, several indications and activities have proven this, in the past he was continously asked to devalue the naira which he refused. Judge SLS by his past actions not your emotions. 2 Likes |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by jude33084(m): 10:41am On Sep 16, 2012 |
werepeLeri: Be truthful bro, when was the last time you saw or used coins? |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by FrankC3: 10:43am On Sep 16, 2012 |
@Reference I agree with you completely but such robust debates has happened since 2005 before the office of the CBN governor was empowered to do this and majority felt that he should have such powers. Sanusi does not really have the profile of my ideal CBN governor but how can we hold him responsible for his today's decisions in 2020 if we do not even allow him to take that decision in the first place. I think democracy makes us civilized by getting us to act according to laws. Democracy is not intended to yield one big chaotic system where everyone has to agree before policies are implemented, that is why even the National Assembly have principles of 2/3 or simple majority. Democracy makes your vote an equivalent to that of musiwa. 1 Like |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by Reference(m): 10:44am On Sep 16, 2012 |
ekt_bear: Suppose instead of introducing an N5000 note, he redenominates the currency, removing two zeros. That's what am saying. When you subject the matter through the debate mill of sound ideas you get to find out whether the whole storm is about the much touted savings or just another ego trip. Let the debate continue. |
Re: Introduction Of N5,000 Note: Nigerians Are Wasting Their Time – Sanusi Lamido by werepeLeri: 10:45am On Sep 16, 2012 |
jude33084: I still went to shoprite recently and got my change in coins. What kind of statement is that - Nigerians are averse to the use of coins? since when? We used to board buses in Lagos back in time and we used coins - there is even a coin machine fitted on the bus like we have abroad - pop ur coin and get your receipt. LSTC buses in Lagos back in time. I guess you are too young to see it work. The same people u said are averse to the use of coins go abroad and spend coins and travel all over with it. Dont use that crap as Nigerians are averse to the use of coins as an intellectual argument anywhere/ 1 Like |
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