“Federal government did not give money to the states to pay salaries but what we did was to provide risk guarantee that will enable the states to expand their borrowing capacities with the commercial banks.”

The above statement say it all about whom the current government care for. They still want their APC governors to use the money to secure more loan from banks without paying the workers backlog of salaries. Hmmmmmm... Indeed this is a ONE CHANCE government.
They are yet to finish paying for the loans they took for the 2015 election. Always coming out with lies day by day to deceive the people. What a nonsense government!

Rexphobia:
The truth is that our fiscal policies are very wack, no like the monetary policies are foolproof though.

The main issue is these so called technocrats are still applying textbook models and solutions to our problems.

Example: Let's increase interest rate to discourage consumption and encourage savings which will eventually bring down inflation. Perfect solution on paper.

But in the Nigerian economy, A manufacturing company has a floating rate loan with a bank, MPR is increased, then interest rates on his loan increases , company can hardly make interest payment, they cut down production, they review their pricing mechanism by increasing prices to enable them break down, supply falls deeper than demand... Will this reduce inflation rate in the country?

What do I know... Economists please come and educate us.

Actually, your perspective is right. Discrepancy between ideal prototypes and production environment is why economics will never be a pure science. Tested theories will not always produce exact conclusions because of myriad irrational factors.

Action !!! Not talk talk we don too hear all this English ..let the masses feel the impact then u know u are working

SAINTSAMURAI:
WAIT a minute, its not that the country will go into inflation when they give states money to pay salaries. becaus there are a lot of productions and imported goods in the country. while then do they fail to pay workers their salaries, instead lie to us that they wants to use the money for Agriculture, power and the economy while in reality, its their own way of secretly sharing the money amongs themselves. Now how will the economy grow when the citizens dont have money to start going into entreprenurship, partnership and sole proprietorship.

There are two ways of giving would be entrepreneurs money. One is by paying them ( the FG is not owing any salaries by the way). The second is by lowering their cost of business by developing infrastructure. The additional advantage of the second means is that jobs are created, tax net is widened and demand for goods and services goes up.

I hope this serves.

Rexphobia:
The truth is that our fiscal policies are very wack, no like the monetary policies are foolproof though.

The main issue is these so called technocrats are still applying textbook models and solutions to our problems.

Example: Let's increase interest rate to discourage consumption and encourage savings which will eventually bring down inflation. Perfect solution on paper.

But in the Nigerian economy, A manufacturing company has a floating rate loan with a bank, MPR is increased, then interest rates on his loan increases , company can hardly make interest payment, they cut down production, they review their pricing mechanism by increasing prices to enable them break down, supply falls deeper than demand... Will this reduce inflation rate in the country?

They know all you highlighted but are hell bent on tackling the high exchange rate of the naira (and forcing down the dollar) by trying to increase the supply of dollars in the country by encouraging FDI's and the return of foreign investors.

They are at the moment not after the runaway inflation rate but the forcing down of the exchange rates.

The truth is we really in a recession (caused by the fall in oil price and CBN's wack monetary policies) and there is no easy way out. Unfortunately, tough decisions have to be made to lead us out of the recession.

Yes, it must ne out next week because some states election is around the corner. No problem!

It is with time you people,yes you A People C will know that a monkey never keeps banana for the other monkey(A political proverb my friends know me about why I apply it to political events that reveals the plain and physical truth)

Ok

defeat of boko haram a plan?
charging corrupt politicians to court and remanding them in prison a plan?
Delivery of Abuja-Kaduna rail a plan?
Reactivation of refineries a plan?

I think not!

Holyman3:
Always planning to.

Hope it yield a positive result ,the Economy has to come back on track ...

jcross19:
The issue is how can the money reach out to the poor masses? Stealing pot of soup is now rampant in the country!!!!!!. This is what change have caused. How can that money be in circulation through rightful channels.

Sorry the money is not meant to be shared but to boost the economy.

worksmart:
defeat of boko haram a plan?
charging corrupt politicians to court and remanding them in prison a plan?
Delivery of Abuja-Kaduna rail a plan?
Reactivation of refineries a plan?

I think not!

What Boko Haram was defeated? Which planet ate you?

Is reminding politicians in Prison the same as conviction?

Delivery of Abuja rail that was 99% completed by the previous administration?

What reactivation of refineries? Where is the fuel?

Suffering and smiling zomb.

bashydemy:
Sorry the money is not meant to be shared but to boost the economy.

ah God!!!!!!!!. When they asked you to attend economics you refused!!!!. Who is talking about share of money here? At the same time boosting the economy won't it reach out the poor masses.? Than hoarding the money!!!!!.

Yayyyy! That is all of a per capita increase in wealth of N333.33 if spread around the nation equally. I cant wait for my share.

OrangeDream:
This is not priority...



Get people out of unemployment... That is the issue





This people don't want to learn.. Nigerians are getting increasingly angry and desperate.. The poor cannot sleep because they are hungry.. And the rich cannot sleep cos the poor are awake

Wow! I love the last part of your statement bro..

Michaelgates:
We dey wait

Till 2019

Rexphobia:
The truth is that our fiscal policies are very wack, no like the monetary policies are foolproof though.

The main issue is these so called technocrats are still applying textbook models and solutions to our problems.

Example: Let's increase interest rate to discourage consumption and encourage savings which will eventually bring down inflation. Perfect solution on paper.

But in the Nigerian economy, A manufacturing company has a floating rate loan with a bank, MPR is increased, then interest rates on his loan increases , company can hardly make interest payment, they cut down production, they review their pricing mechanism by increasing prices to enable them break down, supply falls deeper than demand... Will this reduce inflation rate in the country?

What do I know... Economists please come and educate us.

Ignore banks. Give farmers capital in equipment instead of cash.
Productivity rises
Fx saved
Banks forced to bring down interest rates

It's been a week exactly. Where's the 60billion?