Women Entrepreneurs Commend CBN On Portraits In 5000 Naira Note

Women Entrepreneurs Commend CBN On Portraits In 5000 Naira Note

Women Entrepreneurs Commend CBN On Portraits In 5000 Naira Note

The Nigeria Association of Women Entrepreneurs (NAWE) has commended the decision of the Central Bank of Nigeria (CBN) to introduce the new N5000 note with the portraits of three notable Nigeria women. The three women whose portraits are expected to be on the new note are Margaret Ekpo, Funmilayo Ransome-Kuti and Gambo Sawaba.

In a statement by the National President of the association, Mrs. Ada Ozongwu, the group said it is proud to be associated with what they described as a laudable, sound and patriotic decision of the federal government in recognizing and appreciating the roles women played in building a strong democratic nation.

The statement read: “NAWE has been in vanguard for recognition and inclusion of women in Nigerian currency. The association in 2010 also threatened to reject the N50 note from October 1st of the same year if the gender imbalance on the note that has three portraits of men and one woman was not corrected.”

The group then advised the Director of Currency and Branch Operations of the CBN to effect the change immediately by either removing one man and adding a woman, or adding another woman to balance the number of persons on note or better still devote the entire portrait to women.

They therefore praised the CBN for recognizing the three nationalists who fought for Nigeria’s independence from the colonial masters.

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