Nigeria Law
Currency History

Higher Denom2005· Obasanjo II· Chapter I · Money

₦1,000 note introduced

Issued 12 October 2005. Aliyu Mai-Bornu and Clement Isong — the first two Nigerian CBN Governors.

The ₦1,000 note was issued on 12 October 2005 featuring Aliyu Mai-Bornu and Clement Isong, the first two indigenous Governors of the Central Bank. Reverse: CBN Headquarters, Abuja.

Sources

  • · CBN Press Release 12 October 2005

What it cost — political & economic reality

The political and economic reality

Nigeria in 2005: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.

President · Fourth Republic

Chief Olusegun Obasanjo

1999–2007· PDP

National reality

Return to civilian rule, 29 May 1999. Telecoms deregulation (2001) — GSM revolution. Paris Club exit, October 2005 ($30 bn debt relief, Okonjo-Iweala). Pension Reform 2004. EFCC established 2003.

Crises of the period

  • Third Term agenda defeated 2006
  • Niger Delta militancy intensifies
  • ASUU strikes; Sharia introduction in 12 northern states

GDP (World Bank)

$59 bn (1999) → $166 bn (2007)

Cabinet (selected portfolios)

  • Finance

    Adamu Ciroma (1999–2003); Ngozi Okonjo-Iweala (2003–06)

  • Education

    Tunde Adeniran; Babalola Borishade; Fabian Osuji; Chinwe Obaji; Oby Ezekwesili

  • Health

    Prof. ABC Nwosu

Source: Federal Gazette 1999–2007; CBN; World Bank WDI

Methodology

Tier 1 · primary

Courts. Gazettes. National archives.

Tier 2 · corroborating

OCCRP. HRW. BudgIT. TheCable.

Redline

Wikipedia is never a source.