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Sanusi Insults Obasanjo Over N5,000 Note Remarks – “You’re A Farmer Not An Economist”

sanusi and obasanjo

Sept 12, 2012 – Sanusi Insults Obasanjo Over N5,000 Note Remarks – “You’re A Farmer Not An Economist”

The Governor of Central Bank Of Nigeria (CBN), Sanusi Lamido in a recent speech on the importance of N5000 note on the Nigerian economy blasted former president Olusegun Obasanjo.

Sanusi claims Obasanjo is a good farmer but a bad economist.

He further stated the following

“General Obasanjo did N20; he did N100, N200, N500 and N1000. He has introduced more higher denomination than any Head of States,” Mr Sanusi said.

“General Obasanjo did N100 in 1999; then he did N200 in 2000; he did N500 I think two years later; and did N1000. In that period, inflation was coming down because it was accompanied by very tight monetary and fiscal policies during his reforms.

“For somebody who have gone through that to come and stand up and say ‘introducing a higher denomination causes inflation’ I don’t know if somebody wrote his speech. I’m trying to see him or if he was misquoted.

“If he actually said that then he must be the single most important determinant of inflation in our history given the number of notes that he introduced,”

Watch the video below

You can fast forward it to 0.50 to hear his remarks



  1. Mfon Kingsley

    September 12, 2012 at 4:34 PM

    What goes around comes around.

  2. Samuel

    September 12, 2012 at 4:40 PM

    They are only fooling themselves bcos they are all criminals dam it.

  3. Samuel

    September 12, 2012 at 4:44 PM

    Dis is nigeria remba dat when 2 elephant’s fight it’s d ground dat surfer d pain.

  4. teejay

    September 12, 2012 at 4:59 PM

    4 sanusi 2 open his mouth 2 insult OBJ,he’s out of his. Mind

    • Critique mystique

      September 18, 2012 at 6:54 PM

      Sanusi has crossed the REDLINE. . .lack of wisdom in leadership is disturbing him. . .

  5. olaniran nasir

    September 12, 2012 at 5:00 PM

    An unbalanced fixture: Lightweight vs Heavyweight. Sanusi is a mere political pawn in such a gladiatorial combat. Much as I hate OBJ, he won’t answer him. OBJ’s reaction will dignify d person of Lamido Sanusi. Baba will prefer to ‘siddon look’ until anoda opportunity presents itself to make him ‘still dey laugh’. Nigeria political environment is a mysterious kookaburra/laughing jackass.

  6. Opeyemi

    September 12, 2012 at 6:29 PM

    Who is fooling who? Let them both go to hell.

  7. Rita

    September 12, 2012 at 6:32 PM

    They are nt serious!!! Is the poor class will suffer 4 it

  8. Umukoro Onoriode Alex

    September 12, 2012 at 6:46 PM

    This our country will drag any body that want to cripple it being present or formal president.

  9. Nurudeen Omolabi Yusuph Presy

    September 12, 2012 at 8:40 PM

    Is an insult.

  10. ekaette ulaeto

    September 12, 2012 at 9:25 PM

    I dnt support dis 5,000 issue joor! But…

  11. Ndikk

    September 12, 2012 at 9:37 PM

    Ikpo Ino iba

  12. Excemasi

    September 12, 2012 at 10:02 PM

    They are just deceiving themselfs.#5,000 note or not we are stil going to survive,in jesus name Amen.

  13. Potloaded Dick

    September 12, 2012 at 10:05 PM

    what difference would it make anyway…different toilet…same shit.

  14. Vincent Madubuko

    September 12, 2012 at 10:59 PM

    Obasanjo is a bush man, he don't wont another man's progress, infat he is not in sit so he dnt have rite 2 interupt d CBN Governor.


    September 12, 2012 at 11:23 PM


  16. Sunyjose Oche

    September 13, 2012 at 4:11 AM

    well sanusi and jonathan should have a rethink! Infact they should have their head examined! There are better economists in the USA yet there is no 200 dollar note in the US let alone astronomical 5000 dollar! Not even in nearby Ghana will you find anything near such an incredible legal-tender denomination… Besides, Obasanjo didn't jump from 50 naira note to 1000 note, he reached that height gradually. What happened to 2000 naira note if at all jonathan and sanusi must introduce a higher naira denomination? From 1000 to 5000 is truely laughable! I smell a rat!

  17. peter

    September 13, 2012 at 6:06 AM

    Sanusi is a failure,obj is still wiser den him

  18. Dignified

    September 13, 2012 at 6:24 AM

    @Vincent Madubuko, I think you that is calling Obj a bush man should be a forest man.
    Who are you to insult our past leader?
    Just listen to the sound of your english, and you will know that you don’t deserve to speak in the public.

    • Uche victor

      September 14, 2012 at 7:07 AM

      Helo @ dignify! You calling vincent a forest man is also a mad man! Can you prove what make him a forest man? Can’t you understand what is going on in nigeria? Obj is he a better man? Who is fooling who in nija?

  19. nicefesty

    September 13, 2012 at 6:54 AM

    I do not see the need for this arguments. Let’s be real here. What is the need of debating on the topic of #5000 note when it has been printed already just waiting for release into the public. It pains me that issues affecting Nigerians are treated back door by selfish, wicked and ‘visionless’ few. Remember Jan 1st 2012.

  20. Stanota

    September 13, 2012 at 7:58 AM

    Good Farmer AND Bad Economist PLUS Good Economist, plus good minus bad economist equal to No Economist. So the equation cancels each other, which is to equal to Good farmer. (Too much KNOWLEDGE)N5,000 note equal to Suffering, dieing and Bombing, (Where Is Nigeria?)

  21. diana

    September 13, 2012 at 8:20 AM

    @vincent makuduko what do u know about Nigeria government that u are insulting Baba like in short,u are a big fool,go to hell

  22. Igwe Intouch

    September 13, 2012 at 8:43 AM

    I tink d 5,000 naria note will be important.

  23. Lawrencia Lawrence

    September 13, 2012 at 9:26 AM

    And so? is he in compitition of who will introduce more currency denomination in Nigeria?. I think he sanusi does not love nor respect his Country

  24. faloo

    September 13, 2012 at 9:41 AM

    The cattle boy must be stupid to have insulted obasanjo, can he opens his stinking mouth to abuse ado bayero. I don’t know what is with this country to have crown the cattle boy(sanusi lagido)( a first degree holder in economics and islamic law) with such position when we have millions of M.Sc, PhD holders out there doing nothing. Haba

  25. willy

    September 13, 2012 at 11:30 AM

    What a little boy ll not see from top of a tree, an elder ll see it from his seat, Sanusi should be careful how he talk to an elder state man like OBJ, he is not just an like other man, he is two time ruler of this country. He is a major stakeholder in Nigeria ecnomic

  26. Esteeba

    September 13, 2012 at 1:09 PM

    Nigeriants, do u know that we ar comfuse people? it will take the mercy of God 4 us to come to our normal sences, lets pray.

  27. anthony

    September 13, 2012 at 1:28 PM

    Mmmmmm, u all tried, but let’s think of it when 50 naira was d heightest note in nigeris where was d economy of d country, how law makers where are day, why is it that is only dis country that d ordinary men can not speak and d Govt we hear him speak, oooh who is sanusi in dis country?, what is his educational qualification, why insultine a General, our president, he should be brought to book for that take for instance d #5000 Note has already been printed out, just watein for 2013, what is dis country up to, plss if d law makers can do something about dey should be fast, my fellow nigerians, why is it that is only those that is in d power right now, that likes what d CBN and Fed Govt are doing, that is becos de know what to do with d money of our country, I pray that God should hear our cry and stop dm from all dis act……amen

  28. Ogazi kenneth

    September 13, 2012 at 4:59 PM

    I don’t blame him i blame those who put him de how can he insult an elderly man like that may be he don’t have a picture of an elderly man in his family.

  29. Success

    September 13, 2012 at 7:04 PM

    Dat una centre bank governor na mumu he dont hv manners at al 2 talk 2 baba like that good economist in this present nigeria want make #5000 note i wonder the school he attend infat sanusi supose go bk 2 primary school

  30. Shy guy

    September 13, 2012 at 11:00 PM

    In any country that God forgoten, God will give them d leader to suffer dem. D N200 wey wunna collect b4 voting, wunna go spend N50 per year for 4yrs. NA JONA fit wunna.

  31. jooda oluwaleke

    September 14, 2012 at 4:39 AM

    whethet sanusi is doing right ho ot baba let wait for 2013 wat is going to nigerian economic

  32. tahyor

    September 21, 2012 at 6:32 AM

    they r nt crious

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