What happens if Nigeria's Government keeps printing more money?


https://www.youtube.com/watch?v=Gc47RZe6uUc
Here is d Link don't forget to subscribe:

1. The naira seriously looses value.

2. Inflation continues to rise.

3. The cost of living becomes very high.

4. Economy collapses.

5. They'll want to print more money or borrow to stay afloat. This worsens the situation.

6. They tax the people like shylock because they have cash crunch, yet no good source of income.
Etc.

It's simple economics.

But before they finish the country like me that, the country would have broken up in Jesus' name.

butterfly777:
1. The naira seriously looses value.

2. Inflation continues to rise.

3. The cost of living becomes very high.

4. Economy collapses.

5. They'll want to print more money or borrow to stay afloat. This worsens the situation.

6. They tax the people like shylock because they have cash crunch, yet no good source of income.
Etc.

It's simple economics.

But before they finish the country like me that, the country would have broken up in Jesus' name.

100

You can imagine the CBN governor defending himself saying other nations like USA does it. Forgetting that USA has ways of controlling that money and the world depends on USA dollars so no matter how they print demand would still be there


Who needs Nigerian naira, the more you print money without creating more products and services you are reducing your currency value