3kay945:



Enlighten me more. Who are people that would demand more due to false impression.? We Nigerian? How?
Since the money is said to create something like infrastructure.

Yanks101:
dollar is the currency for international transactions.
The US can afford to print more, Nigeria can't.

ademusiwa7:


CBN is not going to answer, the CBN can only listen to ME or Buhari. That why they are showing you, that i should have many wives, so that many people could be able to make the decision.

[size=18pt]I am not a governor of a state. I am the emperor of the country of the kindgom of western nigeria. I am not ambode, that you keep on posting. let me correct you there . I have power above civillian.. governors dont have power over duke of cities. But I have power over dukes of cities.
the ooni of ife or others dukes are just dukes of towns, they have no power to approach emiefile for it. but I do. that is the mistake you are all making.

The politician lack the understand of government hierarchy .

Emiefile was picked because he knew me, my family background allow me to ask Emiefile. And give all of you the money, because I am the emperor of the kingdom of the country of western Nigeria.

when lagos was suffering in debt, the correct thing they should have done was to ask me for the money, and i ask emiefile.. because you all can ask me apart from buhari

Emiefile is not going to give you the money apart from me and buhari

You people think I am telling lies, who I am. I am telling you the truth. I am the emperor of the country of western nigeria. So if Buhari refuse to give any of you money. You are expected to ask me to ask emiefile for it, and so i can take it from emiefile and give it to you.

They the politician are suppose to ask me to ask Emiefile for the money.

look this is how military/police barrack all looks like, and I have been complaining about the same thing. I am not going to wait for you to repair it anymore. I want to give it to them to do themself. if you like you dont believe, many of you are illiterate people.
It is also going to be Christmas soon, the military/police need money to take care of their family.

I notice all of you dont have a understanding how government work. you are been pick because you know me, so that you can ask me money to ask emiefile for the money.. apart from buhari. This is how government...

You people should ask your friend for the meaning of my name.

when the people of lagos were suffering because they did not read his book well. I assume, he was too proud ,did not ask me to ask Emiefile.. he was business wasting his time with tinubu and obasanjo..

The law allows me to ask Emiefile because I am the real emperor of the country of western nigeria. The military/police can ask me to Ask Emiefile for it too to repair it. But they never ask me. [/size]

[size=28pt]You are suppose to contact me, like you contact buhari . [/size]


[size=28pt]Most of your business too are also allowed to ask me , to ask Emiefile..

Have you seen Osibanjo give you money. No. the law does not allow him to do that. Law allow you people to ask me,so I can ask Emiefile for it. That is why they make most of you know me

You people are illiterate, Emiefile is a governor and you dont have power to ask Emiefile for the money. apart from Buhari and me, Even Osibanjo have no power to ask Emiefile, only when Buhari leaves nigeria.
Have seen Osibanjo repair his church thing. No.

the only person that can ask Emiefile is me or buhari
the people are suppose to ask me to ask emiefile..
[/size]

www.nairaland.com/attachments/2112084_imag01011_jpeg22f41324a6263c210bb5382bcf37e026



[img]http://1.bp..com/-83xXF3qr4pg/VbaLwUqIaII/AAAAAAAGCJ8/8gZmbI_OHss/s400/0.jpg[/img]
[img]http://3.bp..com/-j2oJyzQBsys/VbaLyN3RxaI/AAAAAAAGCKM/issF2tRAERo/s1600/2.jpg[/img]
[img]http://2.bp..com/-QY755fNqiyM/VbaLxMuN4II/AAAAAAAGCKA/Z1v1ZEgidQo/s400/1.jpg[/img]

ademusiwa7:
[size=28pt]Illiterate people.. That is why Buhari was showing you, How he is treating Emiefile like this. So that I not be scared to ask Emiefile to give you people the money.
Buhari is just showing me, to shout on emiefile



[/size]



[size=18pt]Inside military /police barrack.[/size]




[img]http://2.bp..com/-gmR50z3hFng/Ub0oqNMnrNI/AAAAAAAAAXk/CMbguBDo2xo/s320/police+barrack.jpg[/img]

[img]http://news2.onlinenigeria.com/thumbnail.php?file=Images1/One_of_the_buildings_in_Ojuelegba_barracks__Lagos_576091224.jpg&size=article_large[/img]
[img]http://1.bp..com/-WhbKUUemkQo/VAPrzh_dsfI/AAAAAAAAHbU/guKBbe221iE/s1600/police%2Binspector%2Bkilled%2Blagos.jpg[/img]
[img]http://2.bp..com/-ojcKcJ_jl7A/VbyXoon8_jI/AAAAAAACeZg/qCOj7AEBhHI/s640/Rear-view-of-a-building-in-Ojuelegba-barracks.jpg[/img]

scofieldsimba:


The money won't be used to pay salaries na...

But even USA and other developed coutries tried it and it worked...

I remember one article by BAT on this same issue.
The point is our economy is going down and I just feel we need urgent steps else......

EternalTruths:



What do you mean by bankable resources


Please list them while not including agriculture and tax

scofieldsimba:
I just want to know if it is right for our Central bank to print more monies in order to heal our wounded economy..


We are deficit infrastructural. I think it won't be a bad idea if there is a special fund created by CBN to build roads,improve power, improve health care, and create more industries..

I heard most countries at some point in time had to resort to this....

Seasoned economics in the House, I need your contributions..

3kay945:


What if the money is mainly use for infrastructures. ?
What if money is printed to build power plants? How will it affect the above you stated, having it in mind that either we print or not, we still going to import the material needed.

mazeltov:
A dwindling economy is different from scarcity of money. They are two different things which requires different approah.
So which one do you want to solve.?
The man has given you the best and the most suitable answer, simply INFLATION . In fact, the little money you have in your bank account is still relevant and useful till today because we are able to keep inflattion down at the lowest possible rate but I won't tell you the effect if inflation it is high and galloping.

You mean America printed more money? Lolzz. It's fat lie. An economic giant like America can never try that. It defies the rules of economics. You don't print more money to solve the problem of scarcity of money.
You don't add salt to a food that is already salty

Babalegba:
How do you spend cash in secret

onosprince:
If na so he dey be, Greece for don print take pay their debt

nwadiuko1:
is it spirits that will be paid with the money?

kaybams1:


That's not quantitative easing. Quantitative easing is when the Central Bank decides to increase money supply by buying long term securities from commercial banks and the private sector in a bid to reduce long term interest rates. Normally when they want to pursue an expansionary monetary policy, they target buying short term securities in a bid to positively influence money supply. But at times when interest rate becomes too low in recessionary periods, They can't increase money supply through that method. They then target the buying of long term securities such as bonds and all so that long term interest rate can fall in the long run. When it does, other interest rates follows suits and money supply increases.

No Central Bank in the world prints more money to battle recession because money itself have no value if its not backed by something of value. I hope have tried to shed more light.

3kay945:


I don't get you. You referred to the contractors or who?

tonytony208:


You won't spend in secret.

You will only print in secret.

You will also not release all into circulation once. The disbursement will be gradual and stealthy.

nwadiuko1:
yeah contractors, laborers, suppliers etc head or tail the money will still go into circulation

nsyforreal:



Good point. At a time asiwaju bola tinubu proposed this short term policy. It will help correct some deficits but in the long run, inflation will crop up.

It all depends on how it is driven by our government. If well handled, it will be a short fix that maybe handled long term.

dexpendable:
Is it that the money we spend now have always been there? Or the CBN prints money regularly? What's more money? What's the money printed normally? Where did the bailout fund come from? There's already inflation in Nigeria, I think?

Please shed light.

NaijaTalkTown:
Actually, America is in a $16trillion debt and the only way it has been coping since 2013 is by printing more dollars. Stop forming to be an analyst when you are not.

chuose:
NIJA'S ECONOMY WAS BOOMING UNDER OBJ & GEJ

B00HARI & APC DON ENTER CHANGE DON ARRIVE,
WAHALA DON SET!

3kay945:


What if the money is mainly use for infrastructures. ?
What if money is printed to build power plants? How will it affect the above you stated, having it in mind that either we print or not, we still going to import the material needed.

jomoh:


First if it is going to be used to create infrastructure, its is going to have to come from somewhere. Crude sales or whatever the government is selling but it is not there.

Simply put. "Nemo quod non abet" you cannot give what you don't have. If Nigeria is not making the money, they cannot give it.

The federal government only prints money for the masses through banks they don't actually used the printed naira. They only use virtual currency which is dollars and if you don't make the dollars, you cannot change it to Naira.

Also if the FG decides to print Naira, it will not have any positive effect on the economy. The FG only pays contractors from the money it has made from different revenue generating agencies. All these physical naira notes we spent are just physical representation of what we have in bank. The FG won't pay by cash, they will only pay through bank account and when you don't have anything in your account, the physical naira note will be useless.

kaybams1:


No sir. CBN Issues currency no doubt but not without a demand for it from the private sector. The supply of money from the CBN has to match the demand for such money from the private sector. For instance, when CBN buys securities from the private sector, it does so with the aim of increasing money supply. How is it done you might want to ask. When there is high demand for a particular security, its price will rise and the interest rate of that security will fall.

Note that there is a negative relationship between the price of a security and its interest rate such that if the price of that security rises, its interest rate will fall. And the factor that raises the price of a security is when the demand for it increases. And when interest rate falls, price of securities rises and people will be more interested in the market to take advantage of price fluctuations, the real sector too will thrive and the demand for money will rise. When this happens, the CBN will then increase money supply to match that demand but it does so by buying the securities the private sector sells to it. This security will now be the thing of value backing the money issuance.

So in essence, Central Bank can only influence the increase in money supply through either the direct reduction of Monetary policy rate which is the central interest rate that other interest rates responds to OR it Increases money supply through the Open market Operations which includes buying securities to back the money its pumping into the economy. But there is no such thing as printing money without something of value exchanging hands.