₦airaland Forum

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Na waooooooo

except that by printing money you'll further diminish the already diminished value of the Naira, making the little money ppl already have worth even less. Waking up and hearing the 500 naira you put in the bank is worth what 50 naira was worth yesterday all in the name of what?


also introducing the ECO would further make the Naira more worthless
hence that 500 naira that was now worth the same as 50 naira would be worth 0.

printing money doesn't create money, it makes money more 'accessible' when there's a lack of liquidity or hard currency but naira has so much currency in rotation that i can be found on the floor of any market and ignored as worthless. What you're stating is what was done in Zimbabwe.


currency isn't wealth, and too much currency reduces peoples wealth.


also nigeria can't have a president for 10 years


needless to say, i wouldn't vote for you.

g

I for one am on your side.


[size=14pt]Becomrich for President - 2015[/size]

f

Even if na dream, u no fit be president with dis ur policy!

fg

that not true. Ikengawo , you have been made to believe so.

The problem is people like Jonathan and others running have no understanding of how to run a nation. You see Jonathan and others running see the President of Nigeria as if it is a chieftain title in thier villages. This is how african see a president. If Jonathan and others really love the people of Nigeria, they should all step down for me , so that I can become president and make the life of Nigeria better.

Honestly if Jonathan, buhari and others love Nigeria, they should all step down for me to be president. I can solve the problem of Nigeria that have taken PDP Jonathan party 12 years to solve in less than 4 years. I have the solution.


the way it works is. you are not going to give the money to people or increase salary. this is what bring inflation. what you do is give business to expand and they repay back the loan over 30 years.

Introducing ECO cut the demand on dollar in west africa and even in africa, since west africa is nearly 40% of africa. It makes ECO a replacement to Dollar in the whole of africa. Guess who would control ECO. obodo.

You are not putting the 50 trillion naira into the hands of Nigerian. But into the hands of business. You see building a train service can be done by private business if they were to make profit. And you dont need government to do that. Private business manage the economy better than government.


But that private business that need to build the rail. Does not have the money. And does not have access to dollar. By introducing 50 trillion naira borrowed to the banks for business. That private business can walk into a bank and borrow the money to build the rail or road or a new university or anything they want. Even build a MALL. This is how it is been done in the rest part of the world.

Look you major problem is going to be dollar, to get all major part to build the factories and others. This is your major problem. This is where ECO comes in. Some of this external component to build an economy may be within the west africa region or africa. This way, you dont need dollar. But ECO. and since you determine how much ECO you have. You would have enough. At least it cut your dependant on dollar in africa by 60%.

While it force other economy around the world to look for ECO or many business would be force around the world to seek for ECO, since it would be the most powerful currency in the world.

And because Africa countries are the consumers, you can force the seller to either take ECO from you or they have no business.

a sort cut to all of this would be to simply sell Nigerian oil in Dollars.
but printing money is the last thing the country needs it makes currency worthless and diminishes wealth.
its a last resort plan for dealing with DEBT, that's why countries do it.




if you sell oil in Naira the value of he Naira will increase. Suddenly those that had 10 dollars worth of naira will see that 10 dollars worth of naira become 100 dollars worth of naira.



your plans aren't horrible, even european nations trade in the dollar, so it's not trade in the dollar that's hurting us, it's overabundance of the naira and low demand for it

if we increase demand for it we increase the value of our wealth.

If you are President you will remove yoruba, edo, delta to benin republic

infact you will destroy Nigeria with all your plans

Becomrichn For President!!! I will vote for You anytime anyday! But seriously u are beginning to make more less sense everday

vf