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‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation - Politics (3) - Nairaland

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Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by nedu666: 3:37pm On Apr 14, 2021
Where did cbn get ten trillion it lent fed govt

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by altteemy: 3:37pm On Apr 14, 2021
I wouldn't be surprised if some big wigs have started shortening the naira in hopes for a nose dive should any bit of the printing saga come out as true.

2 Likes 1 Share

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by AkupeMBANO(m): 3:37pm On Apr 14, 2021
PataAlhajaKeji:
.... just take a look at the number of morons supporting Obaseki against the Finance minister.

One thing unites them. Hatred for Buhari ... ejaculating at every negative news about their country.

Ordinary 60 billion Naira. grin

Money wey only FIRS fit generate in just few weeks.

A lot of Nigerian graduates are really really dumb ... including Obaseki. grin
Mumu did you read the news? obaseki said 50-60billion naira to augment FAAC. in this current failed government? it's 1million% possible. your dullard darling daddy in UK is a charlatan.

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by PigTormentor: 3:38pm On Apr 14, 2021
The onus is on Obaseki to prove what he said. If he can't provide evidence to back up his claim then he's a liar.

Also, a lot of Nigerian youths are just bunch of lazy mumus. The lady already provided where the money came from. Simple, check how much was raised by all these means she provided and how much was distributed. These are information that can be verified but unfortunately we have bunch of very poorly semi educated youths with very low intelligence but only sabi yabing online and nothing more.

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Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by Timfreds(m): 3:39pm On Apr 14, 2021
Nobody expect the FG to admit it in the first place.
For Obaseki to even voice it out, I know things are not all smooth somewhere.

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by nedu666: 3:40pm On Apr 14, 2021
PataAlhajaKeji:
.... just take a look at the number of morons supporting Obaseki against the Finance minister.

One thing unites them. Hatred for Buhari ... ejaculating at every negative news about their country.

Ordinary 60 billion Naira. grin

Money wey only FIRS fit generate in just few weeks.

A lot of Nigerian graduates are really really dumb ... including Obaseki. grin


You are the dumbest of the dumb. If firs can generate 60billion in few weeks, why has govt borrowed 18.7 billion dollars.

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by Fahdiga(m): 3:42pm On Apr 14, 2021
Sirjamo:
I no get your time
Say who?
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by lexy2014: 3:44pm On Apr 14, 2021
gaddafe:


believe any politician at your own peril. Even the politicians are surprised that we take them serious when they speak.

The two of them are very good liars. The only difference is that the FG has been caught in it's lies more than Obaseki

That's because FG has lied more than obaseki. They rode to power on lies& can't change. Even our beloved pastor isn't left out
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by nedu666: 3:44pm On Apr 14, 2021
omonnakoda:
In today's digital world you do not have "print Money" to print money
If the FG is borrowing from the CBN that is "printing money" aka quantitative easing

The question is where is cbn getting the money from. No developing country will admit to printing money because it will spook foreign investors. In nigeria own case foreigners hold $17.2 billion in govt bonds. These excludes chinese loans
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by Indispensable85(m): 3:46pm On Apr 14, 2021
fergie001:

gaddafe has closed the thread since...


Lol..........
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by lexy2014: 3:46pm On Apr 14, 2021
PataAlhajaKeji:




Ordinary 60 billion Naira. grin

Money wey only FIRS fit generate in just few weeks.

A lot of Nigerian graduates are really really dumb ... including Obaseki. grin

FIRS can generate 60b in a few weeks yet they are borrowing all over d place. They can generate d money in a few weeks yet they are desperate to now start collecting money from dormant bank accounts.

U just confirmed that some graduates are indeed dumb

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by jubilee55f: 3:47pm On Apr 14, 2021
A Russian philosopher once said any allegation against a government should not be believed until the allegation is officially denied.

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Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by omonnakoda: 3:50pm On Apr 14, 2021
nedu666:


The question is where is cbn getting the money from. No developing country will admit to printing money because it will spook foreign investors. In nigeria own case foreigners hold $17.2 billion in govt bonds. These excludes chinese loans
That is not a question really if you understand accounting and monetary dynamics

The point I made was in a digital world Quantitative easing does not have to involve printing of physical notes. This can be done simply by creating a debt/liability on the CBN's balance sheet.

The effect is no different from printing money

Dollar denominated loans are a completely separate matter
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by AsawanaDgreat: 3:52pm On Apr 14, 2021
Even you madam, you to us anytime you want
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by Nobody: 3:57pm On Apr 14, 2021
helinues:
Not surprised...

Joining Pdp as a party always have its side effects.. E.g lying and denying
You can’t compare the PDP to the lying machine called APC.
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by PataAlhajaKeji(m): 4:00pm On Apr 14, 2021
lexy2014:


FIRS can generate 60b in a few weeks yet they are borrowing all over d place. They can generate d money in a few weeks yet they are desperate to now start collecting money from dormant bank accounts.

U just confirmed that some graduates are indeed dumb

You are just a concrete proof that the Nigerian educational system needs a complete overhaul.

The FIRS generates over 60 billion NGN from VAT alone in a month. From VAT alone o. I never even add CIT, CGT, PPT, etc. And you believe a deluded governor when he said the government had to print money without concomitant revenue.

The money generated from VAT and other revenue sources are shared between the 3 tiers of government on a monthly basis. Only about 50% goes to the FG while the states and LGs share the rest.

Most of the 50% that accrue to the FG goes to funding of recurrent expenditure. A little is left for capital expenditure. This is the reason the government has to borrow to fund the budget deficit.

FYI, Nigeria is a poor country. We've got no choice but to keep borrowing to fund infrastructural deficits.

SMH

3 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by lexy2014: 4:05pm On Apr 14, 2021
PataAlhajaKeji:


You are just a concrete proof that the Nigerian educational system needs a complete overhaul.

The FIRS generates over 60 billion NGN from VAT alone in a month. From VAT alone o. I never even add CIT, CGT, PPT, etc. And you believe a deluded governor when he said the government had to print money without concomitant revenue.

The money generated from VAT and other revenue sources are shared between the 3 tiers of government. Only about 50% goes to the FG while the states and LGs share the rest.

Most of the 50% that accrue to the FG goes to funding of recurrent expenditure. A little is left for capital expenditure. This is the reason the government has to borrow to fund the budget deficit.

FYI, Nigeria is a poor country. We've got no choice but to keep borrowing to fund infrastructural deficits.

SMH


U have once again confirmed that some nigerian graduates are dumb. With all ur summation, what is d essence of this boast and arrogance from u on nigerias financial capability?:

"Ordinary 60 billion Naira. grin

Money wey only FIRS fit generate in just few weeks."


U only ended up shooting urself in d foot
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by PataAlhajaKeji(m): 4:22pm On Apr 14, 2021
lexy2014:


U have once again confirmed that some nigerian graduates are dumb. With all ur summation, what is d essence of this boast and arrogance from u on nigerias financial capability?:

"Ordinary 60 billion Naira. grin

Money wey only FIRS fit generate in just few weeks."


U only ended up shooting urself in d foot

You are obviously too dense to know that a Nation's wealth and prosperity is assessed via indices like Per Capita income and not nominal GDP and National income figures.

SMH

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by phkka1(m): 4:31pm On Apr 14, 2021
You need not just give allocation. Monitor it closely. Ikpeazu is owing teachers to the tune of one year. Sit up mrs minister for finance.
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by xelly: 4:32pm On Apr 14, 2021
I am not in the position to confirm this but I think Obaseki is correct.

Recently we notice clean notes of N1000 denomination in circulation which is evidence to his claim.

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by lexy2014: 4:32pm On Apr 14, 2021
PataAlhajaKeji:


You are obviously too dense to know that a Nation's wealth and prosperity is assessed via indices like Per Capita income and not nominal GDP and National income figures.

SMH

Who asked u about GDP and national income? U see d way u are confusing urself? U are d one who made d boast that 60b naira is "ordinary" and that nigeria can make it in a few weeks. Only for u to contradict urself that d money can't go round & that nigeria is poor. U are d one throwing insults but d insults u are throwing are only a reflection of u

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by drololaaof: 4:37pm On Apr 14, 2021
Obaseki lied agreed because he is not a member of the ruling party. Mr Lai the great liar nko who is mr JOB creation each time he appeared on any program ,but we are yet to see the job that were created
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by Adetunjicaleb: 4:52pm On Apr 14, 2021
You are right...both parties are still the same circle fighting each other. But for such fight to come outthis way...it is a signal that something is fishing regarding money printing anyhow anyway
gaddafe:
it will be very difficult for me to say who is lying here. both Obaseki and FG are good liars.
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by ogbonti: 5:00pm On Apr 14, 2021
nedu666:



You are the dumbest of the dumb. If firs can generate 60billion in few weeks, why has govt borrowed 18.7 billion dollars.


Why is this even a debate, did Tinubu not say about a year ago that Nigeria needs to print money to pay her local debts? THIS IS THE MAN you all want to vote for come 2023? This economic illiterate? This Tinubu will make Nigeria wish Buhari remained in power after 2023. We will look back and say, Aww lord, give us Buhari back instead of what is now in Aso Rock. grin By the time the N30K minimum wage under Tinubu can no longer buy a loaf of Agege bread and a plate of Iya Tawa beans, because there is mega hyper inflation and $1 = N5,000 - as the Federal Government is printing money faster than rain falling from the sky, (the naira becomes monopoly money) then kidnapping for ransom will fade away and cannibalism will take over -make una belt up, Nigeria's flight to hell is about to take off embarassed

https://www.marketdigestng.com/politics/tinubu-urges-f-g-to-print-money-to-rescue-the-nigerian-economy/

2 Likes

Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by jrusky(m): 5:01pm On Apr 14, 2021
Hahahaha apc!!! Anyone expecting you Mr ministerto say yes the cash was printed the person is a complete slowpoke.

Apc denies everything infact apc denies their parent so to them lies and denial its a curse gene in them all.
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by kenx1(m): 5:02pm On Apr 14, 2021
Una go agree b4

Mumu people
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by dinggle: 5:09pm On Apr 14, 2021
Is it those who shot at EndSars protesters and lied to the world before video evidence that you want to admit printing money?
Give Arewa 100 trillion to stay in their emirate, they will still print paper and tell you they are printing it to get 72 virgins ...
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by Blackdisciple(m): 5:18pm On Apr 14, 2021
They will share the billions within themselves that's why they sent her to come out and counter Obaseki.
Re: ‘Obaseki Lied’ — Zainab Ahmed Denies Printing N60bn To Support March Allocation by ednut1(m): 5:21pm On Apr 14, 2021
Printing money takes time and not done in Nigeria . Definitely a lie

1 Like

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