Community - Nigeria In The Grasp of The World

Nigeria's leader currency is the Naira. The Naira was introduced in 1973 to reinstate the pound sterling at a rate of 2 Naira per pound. This created Nigeria the last state to disown the British medium of exchange system (?sd). The Dominant Bank of Nigeria (CBN) on January 1st 1973 announced notes for 50 kobo, 1,5,10 and 20 Naira also Coins of ?, 1, 5, 10 also 25 Kobo. An additional bank note denomination of the value of 20 Naira was also issued on the 11th February, 1977. Then N20 note was constructed the highest denomination to be introduced. It is also the first currency note to bear the portrait of a Nigeria Civilian, that is, the deceased Head of State, General Murtala Muhammed. Three denominations of additional cash notes of (N1), (N5), and (NI0) were equally announced on the 2nd July, 1979. Subsequently in December 1999, November 2000, April 2001 also October 1st, 2005, the CBN introduced an added N100, N200, N500 also N1000 cash notes, respectively. And on February 28th 2007, polymer notes of N50, N20, N10, and N5 were announced alongside coins of Nl.50k, also N2.

Divided into three major traditional groups: Igbo, Hausa also Yoruba, together with 6 geographical zones namely South-East, South-South, South-West, North-East, North-East, North-West also North-Central, Nigeria boasted under the Late President Musa Yar'adua to be out of the foremost 20 business capitalistic economy in the human race by the year 2020; have zero tolerance for corruption; address tension in Niger Delta sub-region; arrest power failure in Nigeria; accommodate all its citizens irrespective of governmental, tribal, or divine groups; make all governmental office holders servant leaders, making the government to be one that listens to the cries of the people, and; have a clear break-up of power without interfering in the activities of other arms of authority. All these are summarized under the 7-point Agenda which the present Nigerian geopolitik under the leadership of Dr. Goodluck Ebele Jonathan agreed to address also work with.

In fact, the timetable has become more blatant at present also it includes Power also Energy, Food Security, Assets Creation, Transport Sector Rectify, Land Reforms, Security and Education. Nevertheless, it beats our imagination that a government which is corrupt on fighting corruption will fold its arms and watch remarkable forms of crime flourishing in the name of a certain constitutional "resistance" clause for residents servants. The case of the late Speaker of the House of Board, Oladimeji Bankole, is still renewed in our memory. Together with all the reports also counter reports about the misbehaviours of the members of the National Assembly, they were approved to carry on together with the work of law-making even in wrong.

So thousands illegalities were certified to progress for immensely long in our Civil Assemblies also Houses of Assembly.

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