Curvinus:
This kind of makes sense. Print money to sustain local productivity. Print money to enhance security. Print money to pay welfare. Print money to fast track infrastructural development etc.

But here is the downside. We do not produce anything as of now. So who is to say printing more money would notl go into importing more finished products and further plunging our naira into chaos as is the case with the Zimbabwes of this world?

Sweetguy25:


Printing money to spur productivity is not a bad idea. As long as money is used to facilitate the production of goods and services, it will boost the economy enormously.

Jk210:
While Tinubu's heart might be in the right place- staving off the pains of austerity, the idea is a terribly bad one.

Hyperinflation calling.

For an import dependent country with zero production value and lacking in critical infrastructure, printing more naira to finance same would just not work but serve to depreciate further the value of the naira.

We certainly don't want our naira to have junk value status do we?

A more realistic approach is to prune down the cost of governance, create an enabling environment for FDI and reduce recurrent expenditure in our budget while creating more for capital expenditure. That's a good way to start

major466:

Printing money to finance a nation's developmental needs is a one-way ticket to economic collapse.

Realdeals:
OP add sauss!

emmatok:


Nope, if the money goes into export oriented manufacturing the economy won't collapse.
Instead the economic will gain, while the CBN mop up excess liquidity.

baybeeboi:
and APC states are owing 42months salaries.
Well, better late than never.

synergycom19:
Ok we hear,NGOZI IWEALA was sacked by Obasanjo, because she's clueness,I have been thinking that all this PHD holders really has nothing to offer the economic and political growth of the country.

Badb0y4lyf:
i would like for the 2 zero be removed from the naira we simply dnt need one thousand naira note 50naira shud be our highest note lower denomination wit higer puchasing power.

mikolo80:
until it becomes unsustainable.you cannot cheat economics(nature). even as an ss1 student i suspected that there was something fishy about "fiduciary" issue.Paper money not "even" backed by gold. One big asss ponzi scheme. Just hope i'm not around when it goes splat

cocoduck:
useless man
I read everything but found no solution to the economic problems of the Zoo
the solution is this Nigerians should quit running away from their demons and run to them instead and thereby conquere them. He said nothing about True federalism which is the only solution to the problems, He used to make a lot of noise about SNC but now is the time to organize the one he thinks is the best and implement the resolutions reached.
it is very simple, precise and clear even to the common man
anyway common sense is the only thing that is not common in the Zoo

xandy84:
It sounds like a good idea on paper but believe me, printing more money increases the flow of money in circulation without adequate increase in production of of goods and services hereby causing hype inflation. Greece would have love to print money to bail out the economy than asking for European union bailout.
Printing more money will crash the value of naira and even make the economy worse off.

Sweetguy25:


Printing money to spur productivity is not a bad idea. As long as money is used to facilitate the production of goods and services, it will boost the economy enormously.

Meiji:
For me, I'm a small government conservative, so I oppose Tinubu's suggestion in principle. You can't talk about the failures of state government to pay salaries, for instance, without highlighting the fact that we operate a flawed structure (aptly named "feeding bottle federalism" ) where states gather in Abuja every month to share oil money.

People like me had warned for years that such stupidity would cost this nation dearly when oil prices witness a downward trend. The reason is simple: states that keep collecting oil rents every month would inevitably get lazy and refuse to the hard work of developing and expanding the human and material resources they have.

Look for the states in financial difficulty there's only ONE way out: Downsize the workforce. Lay off workers until their Internally Generated Revenue (IGR) can take care of the civil service personnel costs and other recurrent expenditure. Then ensure that all FAAC allocations are devoted exclusively to capital and infrastructure spending as well as grants for small businesses that will boost the economy and create jobs.

Any suggestion for proper economic management that doesn't mandate the Federal and state governments to bite the bullet and downsize their bloated workforces is a ruse and a hoax.

My two kobo.

Mogidi:
How come this guru of economics refused to share his expertise with APC governors?
Some haven't paid salaries for 7 months.

omokab:
I so much like reading a write up like this.Tinibu is a very brilliant man and somebody who want development for the nation.He loves and cater for the masses.

PassingShot:
This is one of the many ways in which Tinubu is different from so many other politicians.

Tinubu is qualified to be a seasoned economist with how he profers solutions to our cash crunch situation.

This submission cannot be faulted by even the celebrated economists of this world.

Tinubu surely knows his onions.

Eshinwaju:
This is one thing people don't know about tinubu.......he is a very brilliant man... ...very creative..... ....political master and as an ex treasurer of Mobil international......well exposed......

emmatok:


It will not bring inflation if the funds are channeled directly and strictly to manufacturing and infrastructure for a limited period of time.

PassingShot:


If you read the piece you will surely note that Tinubu cleared advised against using such monies on foreign goods. The intervention of printing money is to help internal productivity.

Sweetguy25:


Its a brilliant idea.

jaysniggs:




My take is to kill the naira and breed a new currency that is backed solely by gold.
That of course comes with a short term pain but a long term benefit.