Truckpusher:
Print the goddamn thing and before the West will wake up and suspect anything you've already used it in buying shares, gold, companies from their economy while bringing in policies that will lure their investors down here with the promise of cheap labor and wait till everywhere is calm.

Haven't you heard about currency manipulation by China that America keeps crying about while they are the chief currency manipulators.

Eberex:
Now you see why you should have paid more attention during Economic Lesson when you were in secondary school

abescom:
Yet people like you call Buhari dullard. Shameful. Do your investigation when America is crying wolf for China it is because China devalued their currency which is very smart.

The western world won't appreciate an export based economy like China to devalue their currency but will want countries like ours to devalue ours because then they get our stuffs for cheap while China's will be expensive to purchase for them.

It is common logic the west use against third world countries to systematically steal from them. Ever seen any import based economy that takes IMF's advise to devalue their currency recover? It is rare even if such exists.

dataking:


It is you that is a dullard. America prints dollars when ever its needed and dumps it on the world. They are the worst currency manipulators in the world but no other nation is allowed to try such cause its an American world we live in. Read more about it.

Ebookmathswaec:
Why can't we print the $5.5bn ourselves instead of borrowing since we can print money ourselves?

I believe if we print the money ourselves, we can use it for whatever we want and we won't need to pay back money to anybody.

Nairalanders pls! I need explanation.

Ebookmathswaec:
Why can't we print the $5.5bn ourselves instead of borrowing since we can print money ourselves?

I believe if we print the money ourselves, we can use it for whatever we want and we won't need to pay back money to anybody.

Nairalanders pls! I need explanation.

Ebookmathswaec:
Why can't we print the $5.5bn ourselves instead of borrowing since we can print money ourselves?

I believe if we print the money ourselves, we can use it for whatever we want and we won't need to pay back money to anybody.

Nairalanders pls! I need explanation.

Ebookmathswaec:


No. I mean Naira equivalent.

Ebookmathswaec:
Why can't we print the $5.5bn ourselves instead of borrowing since we can print money ourselves?

I believe if we print the money ourselves, we can use it for whatever we want and we won't need to pay back money to anybody.

Nairalanders pls! I need explanation.

linearity:


Stop comparing China or American with Nigeria.

Those countries have the needed GDP to back their currency manipulation...Every country manipulates their currencies including Nigeria e.g. CBN pumping Forex into the market to stabilize Naira is currency manipulation, anything done to boost a country's currency outside market forces is currency manipulation.

There is not wrong in currency manipulation, the only downside is, if you don't have the GDP to back it, it will lead to hyper inflation and even Nigerians will stop selling goods and services in exchange for the Naira note as its value would have been worthless.

Yes, Nigeria can print any amount of Naira they want, but the country will be in the toilet and your previous otherwise lucrative salary of e.g. N500k/month may now have a buying power of a mere N500.

victorazyvictor:


How we used to think when we are toddlers

Kashif:


You must be kidding. But if you are not, I don't even know where to start explaining. Your question is too elementary for this forum imo.

lovingyouhun:


Which sense? You don chop so? You'd rubbish our currency if that is done. If it can be done then there'd be no reason to work, we just print, make exchanges, purchase what soever we want, come back to the country and relax. Is that even possible? Think!!!

JuanDeDios:

It doesn't.

Cloud007:
how kuku kill us

abescom:
Makes no economic sense. It will lead to massive inflation and worsen the economy.

Ebookmathswaec:
Why can't we print the $5.5bn ourselves instead of borrowing since we can print money ourselves?

I believe if we print the money ourselves, we can use it for whatever we want and we won't need to pay back money to anybody.

Nairalanders pls! I need explanation.

johndwayy:

But bros.. I don't think the op is talking about printing the money and sharing it to everyone's account. I think what he's saying is, why not print the money and use it for industrialization and infrastructural development that will in turn boost the economy.?

Truckpusher:
Print the goddamn thing and before the West will wake up and suspect anything you've already used it in buying shares, gold, companies from their economy while bringing in policies that will lure their investors down here with the promise of cheap labor and wait till everywhere is calm.

Haven't you heard about currency manipulation by China that America keeps crying about while they are the chief currency manipulators.

pocohantas:
It'll lead to inflation,if not hyper inflation.

Read about Zimbabwe. At some point, they had to express their money value in 'powers'. It was that bad

TimeMod3:
This is quite ridiculous.
You obviously lack an understanding of China's economic model.

kimbraa:
And the great German inflation that the country's currency was used as a wallpaper. It was that worthless 'cause they felt printing would solve their problem.

malton:


Because printing such a huge naira amount would result in inflation.

9jakohai:


Because....inflation

Many often ask why government’s don’t print more money to deal with the problem of national debt.

The reason is that printing more money doesn’t increase economic output in any way – it merely causes inflation.

Suppose an economy produces £10 million worth of goods; e.g. 1 million books at £10 each.
If the government doubled the money supply, we would still have 1 million books, but people have more money. Demand for books would rise, and firms would push up prices.
The most likely scenario is that if the money supply were doubled, we would have 1 million books sold at £20. The economy is now worth £20 million rather than £10 million. But, the number of goods is exactly the same.
We can say that the increase in GDP is a money illusion. – True you have more money, but if everything is more expensive, you are not any better off.
In this simple model, printing more money has made goods more expensive, but hasn’t changed the quantity of goods.

[left][/left]

https://www.economicshelp.org/blog/634/economics/the-problem-with-printing-money/

See what happened in ZImbabwe and Germany 1919-24

johndwayy:

But bros.. I don't think the op is talking about printing the money and sharing it to everyone's account. I think what he's saying is, why not print the money and use it for industrialization and infrastructural development that will in turn boost the economy.?