us: Print more naira notes, Tinubu tells FG
Published March 28, 2020

Eniola Akinkuotu, Abuja



All Progressives Congress leader, Bola Tinubu, has asked the Federal Government to print more naira notes in order to save the economy from collapse even as the Covid-19 pandemic continues to bite harder.

Tinubu said this in a statement he wrote in commemoration of his 68th birthday.

The former governor of Lagos State said the United States Federal Reserve had printed more dollars in order to boost the economy.


He said Nigeria could also do the same.

Tinubu added, “Already, the price of oil has fallen to less than 30 dollars a barrel. This will bring a dollar shortfall. This does not, however, necessitate a corresponding shortfall in public sector naira expenditures.

“The US controls dollar issuance. We control naira issuance as is our sovereign right. Just as America has used its sovereign right to issue its currency to stave economic disaster, so too may Nigeria issue naira for the same purpose



https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/

To argue in defense of Tinubu, let me give a simple layman's approach.

Inflation rise normally does not only depend on the amount of money in circulation, it also depends on the velocity of money.

During this Coro-baby crisis, a lot of businesses are closing/people out of job which means the velocity that money changes hand with is currently decreasing. Then if the money supply is increased there will definitely not be a corresponding increase in inflation and there can be some form of stability.

However, I think this will have its own disadvantage later on. Economists in the house should shed more light.

So this is how you want to be president?. Some of your fellow looters are making donations and you are advising that more naira notes should be printed?, Well agbero will never change no matter what.

Idi Aminu of Uganda style. Crude oil money has collapsed. No dollar to steal again. They now want to print Naira. Madness!
Face your Agbero work. You are not an economists. As an import dependent nation, can you import with that useless Naira? What do you produce as in America? It will become a tissue paper.

Is there a shortage of Naira notes?

Thief

Ok

I wish I had this printing machine.

Well spoken

Sarrki tell your boss to donate his loots




I still remain Ada ogwashi

Call chisom in Anabram he has the machine. I heard igbo people living in Liberia have machine they use to print Liberia money.

chatinent:
I wish I had this printing machine.

sarrki:
us: Print more naira notes, Tinubu tells FG
Published March 28, 2020

Eniola Akinkuotu, Abuja



All Progressives Congress leader, Bola Tinubu, has asked the Federal Government to print more naira notes in order to save the economy from collapse even as the Covid-19 pandemic continues to bite harder.

Tinubu said this in a statement he wrote in commemoration of his 68th birthday.

The former governor of Lagos State said the United States Federal Reserve had printed more dollars in order to boost the economy.


He said Nigeria could also do the same.

Tinubu added, “Already, the price of oil has fallen to less than 30 dollars a barrel. This will bring a dollar shortfall. This does not, however, necessitate a corresponding shortfall in public sector naira expenditures.

“The US controls dollar issuance. We control naira issuance as is our sovereign right. Just as America has used its sovereign right to issue its currency to stave economic disaster, so too may Nigeria issue naira for the same purpose



https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/

In short, what this idiot is saying is that the FG should devalue the naira

LegendHero:
To argue in defense of Tinubu, let me give a simple layman's approach.

Inflation normally does not only depend on the amount of money in circulation but the velocity that the money changes hand with.

During this Coro-baby crisis, a lot of businesses are closing which means the velocity that money changes had with is currently decreasing. Then if the money supply is increased there will definitely not be a corresponding increase in inflation and there can be a form of stability.

However, I think this will have its own disadvantage later on. Economists in the house should shed more light.

Vagabond is calling for devaluation of the naira.

oluDharay:
Well spoken

When you begin to take wheelbarrow loads of money to the market and return with one nylon bag of grocceries nah that time you go get sense.

What this gbana thief is advocating for is Zimbabwe 10.0

The only sensible thing to do is cut govt expenditure by reducing drastically the waste and corruption going on as well as cut the allowances elected officials allocate to themselves.

print more note on top a dying economy? will this not lead to inflation?

LegendHero:
To argue in defense of Tinubu, let me give a simple layman's approach.

Inflation rise normally does not only depend on the amount of money in circulation, it also depends on the velocity of money.

During this Coro-baby crisis, a lot of businesses are closing/people out of job which means the velocity that money changes hand with is currently decreasing. Then if the money supply is increased there will definitely not be a corresponding increase in inflation and there can be some form of stability.

However, I think this will have its own disadvantage later on. Economists in the house should shed more light.

what will happen when you have load of money with little or nothing to buy?

this is even the worst period to print more notes...... especially countries with a dying economy

sarrki:
us: Print more naira notes, Tinubu tells FG


“The US controls dollar issuance. We control naira issuance as is our sovereign right. Just as America has used its sovereign right to issue its currency to stave economic disaster, so too may Nigeria issue naira for the same purpose

This gbana head is really ignorant.

The US govt has no control on the federal reserves.

The US govt has since lost sovereignty rights to print currency since 1918.

The Federal Reserves is a private institution and not a govt run bank.

Jeez, when the world are going on cashless just to contain the virus

Lostz:
what will happen when you have load of money with little or nothing to buy?

this is even the worst period to print more notes...... especially countries with a dying economy

Lazy Socialists are always clamoring for helicopter money.

Lol this is the one that wants to rule Nigeria .....

From is dumb Prof without PhD ,to failed and over hyped fashola ....this people have absolutely nothing to offer

LegendHero:
To argue in defense of Tinubu, let me give a simple layman's approach.

Inflation rise normally does not only depend on the amount of money in circulation, it also depends on the velocity of money.

During this Coro-baby crisis, a lot of businesses are closing/people out of job which means the velocity that money changes hand with is currently decreasing. Then if the money supply is increased there will definitely not be a corresponding increase in inflation and there can be some form of stability.

However, I think this will have its own disadvantage later on. Economists in the house should shed more light.

It's either you lack basic knowledge of economics or you just wanna erroneously align with the thoughts of your paymaster.

What has tinubu contributed to the nation?