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Nairaland Forum / Nairaland / General / Politics / Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? (1772 Views)
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Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by BUHARIGOQUENCH: 9:19pm On Mar 29, 2020 |
Because it is a senseless thing to say |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:21pm On Mar 29, 2020 |
rusher14:people were trying to stock up on garri yesterday and the price in Delta went from ₦600 to ₦1200. you can't stock up because your naira is valueless. the same ₦1200 you use in buying 1 paint of garri here in Nigeria is what the US is planning to use in bailing out their citizens.....$1200. you know we depend on other countries for food? just wait till you take that more money you are asking for and come back with little |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by danilmo: 9:22pm On Mar 29, 2020 |
Herdsmen:Chai. This one go wail tire o, till 2023, lol. Tinubu don do this one shege.. meanwhile , tinubu understand there are people like u so he has planned how to deal with ur 1vote . u can't u see as he left u irrelevant with no option thàn to wail??.. lol 2 Likes 1 Share |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:22pm On Mar 29, 2020 |
Lostz: That is exactly what Nigeria will be doing also. The concern is for the continuous production of food, essential goods and service inside Nigeria to get the country through a period within which many Nigerians will not be earning any income. In fact the loss of income is a good example of the need to print more money. Employer are simply sending workers away without pay because they do not have the money to pay them. While Government can allow the seller of electronics at Alaba to send his staff home and close shop, it will be catastrophic if vital sectors, like agriculture, shut down because people have no cash to pay for farm produce. Government cannot order farms to give their produce for free. If government had to pay farmers directly, on behalf of Nigerians, they would have to print money to do this also!!! When this is done it becomes a handout system that erodes confidence in the buying and selling loop. All-importance confidence which may not return long after we have gone past the worst stage of the pandemic!!! Why then not give the money to Nigerian so the buying and selling loop retains the confidence of buyers and sellers to ensure continuity till we get past the worst? 3 Likes 1 Share |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 9:27pm On Mar 29, 2020 |
Lostz: The garri that tou wanted to buy yesterday was made in Nigeria. Many of you said hunger would kill when the president shut the borders to cargo a few months ago, yet that hunger hasn't come. We even have Covid-19 stalling the import of various other goods yet the hunger hasn't surfaced. If you had been a producer this period of increment on the same products would have favoured you. My friend go and produce. Your role in society is not to look for the negative in your country but to contribute to the positive. I thought this Coronavirus issue would make Nigerians become more understanding that the world is filled with their equals, yet day after day all I see is worship of foreign lands. 1 Like |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:30pm On Mar 29, 2020 |
rusher14:Japan GDP is more than $4.9t compare to your own that is just a paltry $446b. their foreign reserve is about $1.3t |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by BUHARIGOQUENCH: 9:30pm On Mar 29, 2020 |
Coz it's irrelevant just like his useless son bbqgrills 1 Like |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 9:32pm On Mar 29, 2020 |
Lostz: That's because your contribution to the GDP is too low. Increase your contribution. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:35pm On Mar 29, 2020 |
rusher14:I work and also own a farm. this inflation does not favor anyone. even if you sell at a high price, you will still need to buy at inflated. there is no positive in printing more money for a push and start economy |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 9:36pm On Mar 29, 2020 |
Lostz: Good thing you farm Increase your productivity. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:36pm On Mar 29, 2020 |
rusher14:is this all you can come up with? childish trolling? |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 9:38pm On Mar 29, 2020 |
Lostz: That's not trolling. It's a fact. You can as well ask me to increase my productivity. It's a national issue. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:39pm On Mar 29, 2020 |
candidtalk:employers are not sending them away because there is no money. they are sending them away because there is no value in keeping them |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:41pm On Mar 29, 2020 |
rusher14:I am satisfied with what I am doing without a functioning government. the government printing more money for handout will only favor lazy jobless people. to them more money solve their whole problem. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:43pm On Mar 29, 2020 |
rusher14:it is the job of government to attract necessary foreign investment to boost the GDP. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 9:45pm On Mar 29, 2020 |
Lostz: So which foreign investment did the US attract to boost GDP? |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by LegendHero(m): 9:46pm On Mar 29, 2020 |
Lostz: I have a question. Will those employees be paid salaries by the employers after sending them away? If no, how will the employees be able to get food and take care of their families if this pandemic continues for let’s say 4months? |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 9:46pm On Mar 29, 2020 |
Lostz: You mean as the UK is doing for those on the dole or as Ameica does for those on welfare? You mean as the US is doing for those on furlough or unemployed today? |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:51pm On Mar 29, 2020 |
rusher14:we don't have the economy to give handouts to lazy unproductive people. hope you know the GDP of US? |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 9:53pm On Mar 29, 2020 |
LegendHero:government can support them but not by printing more cash. most countries are suspending infrastructural project, channeling funds to important sectors |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 9:59pm On Mar 29, 2020 |
Lostz: And I keep referring to your productivity if that is your issue. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 10:00pm On Mar 29, 2020 |
rusher14:is this a joke? some countries investment in the US in bigger than your annual GDP |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by LegendHero(m): 10:02pm On Mar 29, 2020 |
Lostz: Sorry o. I’m just trying to get some things straight. If government support the businesses by giving aid to manufacturing and agricultural companies, what money will the people (furloughed and unemployed) purchase goods and services with to keep the economy running. Unless you’re saying the government will be paying those companies to serve the people free of charge. In agriculture for example, the government will pay farmers to distribute foods free of charge to the people for four month. The above means that people with money won’t even need to spend it because we will all be dependent on the free food from the government which can in itself make money lose its value as a legal tender and less motivation to acquire it. God forbid, In 4 months time, of this things persists, there might be anarchy coz poor people won’t have a choice than to go out and scavenge for food in any wicked way they can amass. I’m not saying printing of money is the optimal solution too tho, but we Nigerians don’t always subject critical issues to debate. We just shut down people and have the culture of comparison to the develop nations without factoring in the fact that we sometimes have to solve issues in an unconventional way if need be. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 10:02pm On Mar 29, 2020 |
rusher14:those who need handouts should increase their productivity |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 10:05pm On Mar 29, 2020 |
Lostz: Yes, but US already had a buoyant economy upon which others sought to invest. Just like your governors see houses in Jamaica but they prefer to purchase houses in Malibu. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 10:12pm On Mar 29, 2020 |
LegendHero:the government will support them on the terms that, they won't sack workers. there was already enough cash in circulation. how will printing more money solve the problem? |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 10:19pm On Mar 29, 2020 |
rusher14:the government should come with policies that are favourable to investors. Singapore was able to build a nice economy by coming up with policies that favor investors. infact 0% of their GDP comes from the agricultural sector. about 75.2% of their economy comes from the service sector. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 10:21pm On Mar 29, 2020 |
Lostz: Provide examples of these policies you would like to see introduced. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 10:29pm On Mar 29, 2020 |
rusher14:freedom of speech, less corruption, open market and probusiness policies. that is how Singapore was able to attract foreign investment |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 10:30pm On Mar 29, 2020 |
Lostz: You know you haven't said anything. |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by Nobody: 10:32pm On Mar 29, 2020 |
rusher14:we lack those policies in Nigeria |
Re: Why Didn't Buhari Say Anything About Printing More Naira As Suggested By Tinubu? by rusher14: 10:36pm On Mar 29, 2020 |
Lostz: Singapore: does this remind of you of somewhere? 1 Like
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