
Despite being criticized by the
public, the Central Bank of Nigeria (CBN) has confirmed plans to produce and
distribute the N5,000 note in 2014.
Tunde Lemo, the Deputy Governor of
CBN, disclosed this while speaking to journalists at the NIBSS 20th anniversary
conference held in Lagos.
He said in one to two months from
now, the N5,000 notes will be in circulation!
"We only stopped the project due to the low level of
understanding of its benefits among Nigerians, but we now plan to educate the
people about the importance of the notes to our economy before we eventually
launch it", Tunde Lemo explained.
He further added that Nigerians
would soon see the notes in circulation and start to enjoy its benefits.
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