Bayelsa is a big disgrace.
.
The state proves that judicious management of resources is as important as having the resources.

A state of nine LGAs that can't pay salaries, enjoys all the extra money that goes to Niger Delta states, relatively new state, and still one of the biggest debtors.

Rareoil:


You want CBN to print money Zimbabwe printed money and their economy went into oblivion.

There is a difference.

You are printing debt free money to spend on infrastructures.

Nigeria will never forget Buhari and APC

thebosstrevor1:
79% OF NIGERIA DOMESTIC DEBT IS OWNED TO NIGERIAN BIG BANKS.

Those Nigerian banks that are assigned too big to fail are the owners of the debts

Nigerian state government will keep paying interest on the debts to those banks forever, that is what usury does, it enrich the shareholders. Most of these banks profit isn't from doing anything but from interest on all the loans they give out

Nigerian govt can issue interest free loans and print debt free currency ( naira) then spend these money on building infrastructures, it will create jobs for millions of people and reduce inflation

These debts Nigerian state government keeps owning these banks is the cause of inflation

You speak of inflation but you mention printing of currencies like its easy.

Even with my archaic knowledge on economics, your idea will put Nigeria into an unrecoverable recession soo bad, Zimbabwe will feel like heaven.

thebosstrevor1:
79% OF NIGERIA DOMESTIC DEBT IS OWNED TO NIGERIAN BIG BANKS.

Those Nigerian banks that are assigned too big to fail are the owners of the debts

Nigerian government will keep paying interest on the debts to those banks forever, that is what usury does, it enrich the shareholders. Most of these banks profit isn't from doing anything but from interest on all the loans they give out

Nigerian govt can issue interest free loans and print debt free currency ( naira) then spend these money on building infrastructures, it will create jobs for millions of people and reduce inflation

These debts Nigerian government keeps owning these banks is the cause of inflation

"Nigerian govt can issue interest free loans and print debt free currency ( naira) then spend these money on building infrastructures, it will create jobs for millions of people and reduce inflation"

Wount that cause inflation?

Rewew:
President Mohammed Buhari is working hard despite the hard economy he is only Borrowing such monies to build infrastructure . Without INFRASTRUCTURE you can't have a good economy , the good thing about this administration is that the infrastructure is visible . It's only Igbos who are criminals that will never say Good things about this present administration . President Mohammed Buhari may God bless you.
The questions you should ask before Criticizing buhari is
1. how much was crude oil when Jonathan was president
2. why is it wailers can't ask obasanjo to submit himself for probing for spending 16 billion naira on power
3. with the bad and hard economy how was buhari able to sustain development programs like NPOWER

LAGOS is an apc State

Can u boldly say this publicly on the street of LAGOS with all confidence Sir?

Rewew:
President Mohammed Buhari is working hard despite the hard economy he is only Borrowing such monies to build infrastructure . Without INFRASTRUCTURE you can't have a good economy , the good thing about this administration is that the infrastructure is visible . It's only Igbos who are criminals that will never say Good things about this present administration . President Mohammed Buhari may God bless you.
The questions you should ask before Criticizing buhari is
1. how much was crude oil when Jonathan was president
2. why is it wailers can't ask obasanjo to submit himself for probing for spending 16 billion naira on power
3. with the bad and hard economy how was buhari able to sustain development programs like NPOWER

.chai, SLAVE

thebosstrevor1:


There is a difference.

You are printing debt free money to spend on infrastructures.

No difference.

There's nothing like debt free money, printed or not.
Even mafias that do this 'wash' the money as quickly as possible (put it in circulation) cos they know it is just ordinary paper no matter how real it is.

Unless you suggesting this be done cos if its done like you suggesting, CBN literally be giving out paper with no value.

Harrynight:



LAGOS is an apc State

Can u boldly say this publicly on the street of LAGOS with all confidence Sir?

yes SIR

nedekid:


"Nigerian govt can issue interest free loans and print debt free currency ( naira) then spend these money on building infrastructures, it will create jobs for millions of people and reduce inflation"

Wount that cause inflation?

It wont cause inflation because you are printing and lending it interest free to the economy and also for infrastructure.

Similar stuff have been practiced before.

Read about Guernsey Experiment

Bayelsa is most miserable among them all. Zero development.

KrazyDave16:

No difference.

There's nothing like debt free money, printed or not.
Even mafias that do this 'wash' the money as quickly as possible (put it in circulation) cos they know it is just ordinary paper no matter how real it is.

Unless you suggesting this be done cos if its done like you suggesting, CBN literally be giving out paper with no value.

There are debt free money and debt backed money( usury)

The present banking system makes it feel like there are no debt free money.

The government can issue debt free money and lend it back to the system

Nemere2020:


https://dailytrust.com/fg-owes-79-of-n20tr-domestic-debts-as-lagos-leads-states

They should just sell Lagos,am interested in buying lagoon.

nedekid:


"Nigerian govt can issue interest free loans and print debt free currency ( naira) then spend these money on building infrastructures, it will create jobs for millions of people and reduce inflation"

Wount that cause inflation?

This is how it works.

When government prints debt free money,the created money will have an expiration dates and it will be removed through taxation.

SmartPolician:
Bayelsa is a big disgrace.
.
The state proves that judicious management of resources is as important as having the resources.

A state of nine LGAs that can't pay salaries, enjoys all the extra money that goes to Niger Delta states, relatively new state, and still one of the biggest debtors.

I swear, big disgrace

muykem:
Bayelsa is most miserable among them all. Zero development.

A state with 9 LGs oo, with little population

KrazyDave16:

You speak of inflation but you mention printing of currencies like its easy.

Even with my archaic knowledge on economics, your idea will put Nigeria into an unrecoverable recession soo bad, Zimbabwe will feel like heaven.

Hell no.

If government use that printed money to invest in infrastructures, there will be jobs for many people. Meaning more companies will employ lot of people.

The infĺation in Zimbabwe was caused by government directly pumping money into the economy instead of infrastructure

thebosstrevor1:


Hell no.

If government use that printed money to invest in infrastructures, there will be jobs for many people. Meaning more companies will employ lot of people.

The infĺation in Zimbabwe was caused by government directly pumping money into the economy instead of infrastructure

Like I said, I'm rusty on economics but it still feels like a bad idea.

Infrastructures alone won't cut it.

KrazyDave16:

Like I said, I'm rusty on economics but it still feels like a bad idea.

Infrastructures alone won't cut it.

It has been done before, main stream economy policies are against these idea but it works.

Using debt free money to invest in infrastructures increases production and create jobs for people.

Go read on Sovereign Money Creation or public money creation.

Rewew:
President Mohammed Buhari is working hard despite the hard economy he is only Borrowing such monies to build infrastructure . Without INFRASTRUCTURE you can't have a good economy , the good thing about this administration is that the infrastructure is visible . It's only Igbos who are criminals that will never say Good things about this present administration . President Mohammed Buhari may God bless you.
The questions you should ask before Criticizing buhari is
1. how much was crude oil when Jonathan was president
2. why is it wailers can't ask obasanjo to submit himself for probing for spending 16 billion naira on power
3. with the bad and hard economy how was buhari able to sustain development programs like NPOWER

Idi.ots like u will never make nigeria move forward

Nemere2020:


https://dailytrust.com/fg-owes-79-of-n20tr-domestic-debts-as-lagos-leads-states

truely, Lagos leads and others follow

Printing money is actually Nigeria's problem. It causes the double-digit inflation we are now used to.

thebosstrevor1:
79% OF NIGERIA DOMESTIC DEBT IS OWNED TO NIGERIAN BIG BANKS.

Those Nigerian banks that are assigned too big to fail are the owners of the debts

Nigerian government will keep paying interest on the debts to those banks forever, that is what usury does, it enrich the shareholders. Most of these banks profit isn't from doing anything but from interest on all the loans they give out, banks create money by lending.

Nigerian govt can issue interest free loans and print debt free currency ( naira) then spend these money on building infrastructures, it will create jobs for millions of people and reduce inflation.

These debts Nigerian government keeps owning these banks is the cause of inflation

Rewew:
President Mohammed Buhari is working hard despite the hard economy he is only Borrowing such monies to build infrastructure . Without INFRASTRUCTURE you can't have a good economy , the good thing about this administration is that the infrastructure is visible . It's only Igbos who are criminals that will never say Good things about this present administration . President Mohammed Buhari may God bless you.
The questions you should ask before Criticizing buhari is
1. how much was crude oil when Jonathan was president
2. why is it wailers can't ask obasanjo to submit himself for probing for spending 16 billion naira on power
3. with the bad and hard economy how was buhari able to sustain development programs like NPOWER

When buhari was campaigning for President what was his promise he made to Nigerians?
Buhari came to fix Nigeria's problems as promised that's why he promised Nigerians change so stop complaining.
Don't you see when coaches in European football don't live up to the required expectations they sack them.

BIGPREEQ:
Lagos I can understand!
But what the hell are those other states borrowing for?
I mean there's nothing to show for the debt they owe?

What's in Lagos?
Oh brtc buses hahaha.
Go watch the deplorable roads in Lagos state on Lagos TV, you will weep for lagosians.
Imagine sanwo Olu abi wetin dem dey call am declaring operation no to portholes instead of reconstruction he's patching the roads to loot funds.
I ask what did the past governors in Lagos do with the monthly funds allocated by FG to states or the funds Lagos state received than others.
Count out the private companies in Lagos due to inflated noise about Lagos, there's nothing Lagos state can boast of as revenue to the state.

thebosstrevor1:


There is a difference.

You are printing debt free money to spend on infrastructures.

inflation will increase due to high circulation of money in the system, your government will not use local contractors, the foreign contractors will be paid in dollars there by reducing the circulation of the dollars in the Nigerian market, causing the CBN more measures to stabilize the naira, (more money).
Nigeria has a limit or percentage to print certain amounts of money into the system due to the trade agreement with the world bank, which is tied to the US dollars on trade. more than that you see the consequences, that's why China keeps manipulating its currency to beat the US dollars and compete with the US economy . Same thing happening to Zimbabwe.
Nigeria needs skilled workers, that will transform the economy, you build infrastructures do you have the skilled workers who can manufacture for domestic use or products for export?
That's why China and other Asian giant is doing great compared to African countries, they got the skilled workers who can manufacture and produce for domestic use.
Common polio, chicken pox vaccines we are waiting for world health organizations and others to come to our aid not to talk of other areas.
If you have the skilled workers you can take loans and invest in those infrastructures you are talking about.
Look at Hong Kong in China, the UK is offering 100,000 thousand Hong Kong citizens free five years residents permit to live and work in the UK, whereas common wealth member countries in africa has not benefit from such before, all of them are skilled and some of them are bringing in their business from Hong Kong to the UK, which is what the UK is looking at to add to their economy growth.

Femijohn198:
that shows that each person as a citizens is owing debt of 150,000 per head.

That is just for the domestic debt o, by the time you add the foreign debt, every Nigerian would be owing about 500, 000 naira. One day, the government might forcefully seize money in people's bank accounts to pay off debt.

thebosstrevor1:


Hell no.

If government use that printed money to invest in infrastructures, there will be jobs for many people. Meaning more companies will employ lot of people.

The infĺation in Zimbabwe was caused by government directly pumping money into the economy instead of infrastructure

Is still the same thing you're talking about, will the infrastructures not grow the economy?
You build infrastructures to grow the economy and pump money into the economy to cause economic growth is the same thing.
*Government pump money into the economy for many purpose in other to effect change on the economy.
The only way such can work is when there's skilled workers in the country. We keep contracting foreign workers to work on common projects like roads, bridges, oil and gas sectors etc that most countries in Asia have past such stage.

I did not see ebonyi there.


The creme always rises to the top. Good leadership can't hide.