5K note a blessing or a curse??

Its official the federal government has decided to introduce the 5,000 Naira note into the economy starting next year. I don’t understand this our government o, of recent they were talking of running a cashless economy, but still they are introducing the 5K note, which would create room for carrying large amount of money, can you imagine, a bundle of 5K note is 500,000 thousand Naira, that’s what the average man has in his bank account 1 bundle, and you would be able to carry that in your back pocket, more so you can have 2 million Naira in your pocket and no one would know, now tell me how that is in support with the objective of ‘running a cashless economy’ . I remember back then when 50 naira was the highest was the highest denomination of the Naira note , to carry 500 thousand you will need a Ghana must go for that, but now you will be able to buy a car and pay in cash from your pocket, then there comes the issue of turning the 5, 10 and 20 Naira to coins, PLEASE!!! When last did any of us send coins talk more of see it, the coins project was a failure, I once tried to pay for something with coins and it was rejected , so what is the logic behind turning the 5, 10 & 20 Naira to coins, when we don’t spend coins, I know we are trying to emulate other nations abroad, but this is Nigeria, the only way you would get people to spend coins is to turn all denominations to coins, then you can achieve that, but if not? Well, so basically those who hawk pure water would not only have to carry their pure water sachets and chase cars but would also have to carry a sack to put the coins they would collect from sales, and if we don’t see this that would mean the extinction of coins and inflation in price of goods .

Although, I know the government would have a good reason for this, cause they always act in the interest of the people, but until they explain to us, I am yet to be convinced that it is for the better, although I am looking forward to its introduction even though I know I wouldn’t be spending much of it, am happy to see that they decided to put women on the note.

The faces of three prominent Nigerian female activists are to be used on the new note. They are those of late politician and social mobiliser, Margaret Ekpo (1914 – 2006) she stopped the killing of twins in Calabar; late politician and activist Hajia Gambo Sawaba (1933 – 2001) and late politician and women’s right activist Funmilayo Kuti (1900 -1978) also the first woman to drive a car in Nigeria.

But I would keep asking myself the question, why introduce a denomination you know people wont spend???...