It looks like Obasanjo is telling President Goodluck 'listen o, open ya ear wide and listen'.lol
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.
He said some observers had suggested that the Vision 2020 blueprint was somewhat of an ambitious agenda, which was unrealisable considering the daunting challenges confronting businesses in the country.
Obasanjo said the 2012 annual report of the International Finance Corporation and the World Bank publication titled, ‘Doing business in a more transparent world,’ noted that a record number of African countries took decisive steps to encourage more local entrepreneurs to come into the formal economy over the past 12 years.
He said, “Across the continent, 15 countries lowered barriers to entry for new businesses, 23 facilitated access to credit, and seven made it easier to pay taxes. Nigeria is not in any of these leagues.