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CBN Should Stop Loan Issuance And Give LPO To Address Inflation And Insecurity - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN Should Stop Loan Issuance And Give LPO To Address Inflation And Insecurity (287 Views)

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CBN Should Stop Loan Issuance And Give LPO To Address Inflation And Insecurity by naijapower(m): 5:18pm On Nov 13, 2021
The Prices of Foodstuffs and Insecurity today in Nigeria are doing sprint to be the first to reduce the population of Nigerian by death at the hand of hunger or criminals.

The two calamities are man made, and can be address by proper manmade solutions.

The solutions to most of Nigeria problems lies mostly with CBN, Since the CBN control Monetary issue in Nigeria.

CBN has done alot in giving loans to Nigeria businesses to boost their production, but the more loan, the more inflation.

The main reason for inflation is the high demand for dollar to fund importation. which has cause the Naira value to fall freely like rain.

Most of the Things imported into Nigeria can be produce locally.

If we produce our consumptions locally , more jobs will be created and prices of goods will be low.

Most importation are finance by CBN directly or indirectly.

So if CBN decide to offer Change to the way funds are giving out to Nigerians doing business , the economy will grow and there will be peace in the land, even looting of national 'treasury will reduce.

Suggestion is for CBN to Issue LPO in partnership with relevant MDAs to NIgerians .
Central Bank worldwide are money magician
. So funding will not be an issue.

Assuming an LPO worth 500 billions of naira is issue to all state each for agriculture produce. On the condition that only produce from the state will be purchase,states will strive to produce to meet the LPO demand.

BENEFITS:

1: The Strive to meet the LPO demand will cause states to address their insecurity locally.

2: The LPO will increase the availability of agriculture produce.

Unlike loan that have defaulters ,LPO do not have.

CBN in partnership with relevant MDAs can set up a vehicle to market the produce locally and internationally to earn foreign currency.

This Suggestion is a piece from my Economy Growth Document
Re: CBN Should Stop Loan Issuance And Give LPO To Address Inflation And Insecurity by naijapower(m): 5:36pm On Nov 13, 2021
Every Nigerian must join to create legal jobs for the good of every one.
join our
Operation No More Unemployed
If you can't find job, employ yourself.
We offer everyone an opportunity to be self employ at no cost. That is you are not Paying us.
1: Just get a pen and paper ,
2: Go around your community and
3: Collate address ,Products and Phone Number of Businesses in your area selling Vehicles, Properties, Laptops, Phones, Home Appliances.
4: Fill this form [url] https://forms.gle/we8vEPmNb6RTHwqX8 [/url]
5: We refer buyers to businesses on commission.
6: They sell, you get 1% commission
Re: CBN Should Stop Loan Issuance And Give LPO To Address Inflation And Insecurity by Ynix(m): 6:06pm On Nov 13, 2021
naijapower:
The Prices of Foodstuffs and Insecurity today in Nigeria are doing sprint to be the first to reduce the population of Nigerian by death at the hand of hunger or criminals.

The two calamities are man made, and can be address by proper manmade solutions.

The solutions to most of Nigeria problems lies mostly with CBN, Since the CBN control Monetary issue in Nigeria.

CBN has done alot in giving loans to Nigeria businesses to boost their production, but the more loan, the more inflation.

The main reason for inflation is the high demand for dollar to fund importation. which has cause the Naira value to fall freely like rain.

Most of the Things imported into Nigeria can be produce locally.

If we produce our consumptions locally , more jobs will be created and prices of goods will be low.

Most importation are finance by CBN directly or indirectly.

So if CBN decide to offer Change to the way funds are giving out to Nigerians doing business , the economy will grow and there will be peace in the land, even looting of national 'treasury will reduce.

Suggestion is for CBN to Issue LPO in partnership with relevant MDAs to NIgerians .
. So funding will not be an issue.

Assuming an LPO worth 500 billions of naira is issue to all state each for agriculture produce. On the condition that only produce from the state will be purchase,states will strive to produce to meet the LPO demand.

BENEFITS:

1: The Strive to meet the LPO demand will cause states to address their insecurity locally.

2: The LPO will increase the availability of agriculture produce.

Unlike loan that have defaulters ,LPO do not have.

CBN in partnership with relevant MDAs can set up a vehicle to market the produce locally and internationally to earn foreign currency.

This Suggestion is a piece from my Economy Growth Document





Central Banking has always been a scam.
History has it that in the USA there were no inflation until Government introduced central banking and taxation

(1) (Reply)

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