Tekecoms1:
Before nkor? What's the work of CBN before if they can't print money? Print more money jorz.

Princewilla:


Here we are.

maxiuc:
>:

Those zombies will avoid this now

I don't care who wins in 2019 as far this mistake buhari will be kicked out is OK for me

Nigeria is now a World Cup trophy

We have to wait 4yrs to decide who wins

Maski87:
Everybody prints money USA,North Korea, idi,amin,Mugabe, davido(30 billion)E money,myself.

sunnyb0b0:
The mess that Buhari will leave will take more than two decades to clear.


Just to tip you guys off, total earnings for the first half of this year is less than what was used to service debt ie Nigeria borrowed to service debt.

My Afon** girlfriend would say "O pari"

lurther:
So they have now put Unity Bank , the only Northern bank in Central bank of Nigeria"s Premises.

The current Central Bank picture i am seeing there now have Unity bank with them unlike before. Buhari is a tribalist walahi.How can a whole Nigeria Central Bank give Unity Bank a space in its premises. Is the Central Bank Of Nigeria not a Nigerian bank again. Even Abacha as bad as he was, wasn't so mean and tribalistic like this Buhari.

My problem isn't Buhari himself, because that one can never change. My problem are his supporters from the south who have refused to understand Buhari himself.

shortgun:
This is worse than corruption..... very soon we will start buying a loaf of bread for N5,000 if Buhari is allowed to continue after 2019.

lurther:
So they have now put Unity Bank , the only Northern bank in Central bank of Nigeria"s Premises.

The current Central Bank picture i am seeing there now have Unity bank with them unlike before. Buhari is a tribalist walahi.How can a whole Nigeria Central Bank give Unity Bank a space in its premises. Is the Central Bank Of Nigeria not a Nigerian bank again. Even Abacha as bad as he was, wasn't so mean and tribalistic like this Buhari.

My problem isn't Buhari himself, because that one can never change. My problem are his supporters from the south who have refused to understand Buhari himself.

Tekecoms1:
Before nkor? What's the work of CBN before if they can't print money? Print more money jorz.

shortgun:
This is worse than corruption..... very soon we will start buying a loaf of bread for N5,000 if Buhari is allowed to continue after 2019.

shortgun:
This is worse than corruption..... very soon we will start buying a loaf of bread for N5,000 if Buhari is allowed to continue after 2019.

PapaBrowne:
The greatest heist in Nigeria's history s currently taking place under this administration.
Many people don't understand economics so they can't appreciate the massive loot that is taking place.

Let me simplify whaat this article has said with a simple narrative.

Basically, the FG printing money from the CBN just like in the days of Abacha. But its criminal to do that, so they found a way around it.
The TSA account does belong to the FG. It belongs to all parastatals and institutions under the FG's purview. It's just simply a central account for the purposes of transperency and control.

What's happening is that FG is now using the TSA account as collateral to get the CBN to print money for it. To understand this, imagine for a moment that the TSA is like an OSUSU account where a group of people come together to save their money. The person that is saddled with the responsibility of managing the funds, chooses to use the money as collateral to obtain a loan for himself. This is absolutely criminal.

There many questions that prove the heist that is ongoing.

1)Subsidy savings: Where is all the money that has been saved from the scrapping of subsidy. I'm talking trillions here. No account of whats happening with all that savings. The previous government implemented Sure-P and gave regular updates of the savings they reieved from the price increase. In my estimations, over the last 2 years, there have been over 2 Trillion Naira in subsidy savings. Where is all that mone??

Massive increase in debts both local and foreign: Have you seen the spike in Nigeria's debt profile in the last 2 years?? We have borrowed over 8 Trillion Naira in the last 2 years. Jonathan left 12 Trillion in debts. It is now over 20 Trillion. What did they do with 8 Trillion. If we spend just 1 trillion naira on infrastructure, we would have smooth roads across the country. Lekki Epe expressway was ridiculously expensive at 1 Billion Naira per km. If we use that as a benchmark, I trillion Naira would build 1000km of superb expressway. That is the distance between Lagos to Kaduna of six lane expressway. And I'm talking of just 1 Trillion. Not 8 Trillion. Its just sad!!

The list is endless!! It is trhe greatest heist the nation has ever seen. But we would just look the other way since we are all too dull to comprehend.

Tekecoms1:
Before nkor? What's the work of CBN before if they can't print money? Print more money jorz.