FireUpNow:
Who will believe this joke?

You just never know....the igbos believe anything and everything. All you need is a red cap and say a few negative things about Tinubu and all the igbos are ready to follow you and believe anything that you say. That's why we call them the senseless GULLIBLESSS!

Wealthoptulent:


all the spirit of emiefiele_le, emikemifiele or what ever his name is

unfortunately for YOU,TRUTH begins with Acceptance.
ur end is Near!

As Emefiele that i am. You are so duped that they will still let him off the hook, while you keep waiting in hunger.

Last time I visited, it was only freedom of movement they are denied . They are living proMAX MAX MAX of you dream behind the bars

zomby:


You just never know....the igbos believe anything and everything. All you need is a red cap and say a few negative things about Tinubu and all the igbos are ready to follow you and believe anything that you say. That's why we call them the senseless GULLIBLESSS!

Hmmm

Elon musk money will cause a lot of misinformation and problem especially in Nigeria.
People can now earn from fake news and propaganda

HydraFeeds:
in this case , a good that used to worth 1000 naira will now worth 1 naira which is deflation but the person that used to receive 1000 naira salary will now receive 1 naira . They seem equivalent and the change is just living in a fool paradise but the reason it might lead to inflation is because people always look for any. Opportunity to inflate prices plus dime countries have tried it before but didn’t work .

teepain:


All monetary policies must be domesticated. Redenominating the Naira will lead to inflation. You may want to ask, how?. We have very poor price control mechanisms. If CBN redenominates #100 as #1, for instance, a landlord who used to collect #800000 rent per annum will now be collecting #8000. I tell you for free that, it will automatically lead to increases in house rents almost immediately.

Well, this isn't to say that I trust the Nigerian government to do the right thing but I read about the German situation which was terrible to say the least (inflation was over 1000% I think) and redenomination helped them to put it in check.

I agree with you if you say it could spiral out of control because of the type of leaders that we have sha.

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HydraFeeds:
If implemented,it will lead to hyperinflation .

Please explain more on this.

Did they not deny Muslim-Muslim ticket at first when it was trending? Even the president deny it on his Twitter handle as fake news.

In the first place, that is unbelievable.

YxCEc2kUDRp2RWy:
I remember how people were larping this nonsense up when it first came out
People were saying all manner of irrelevant things... some even brought Jagaban into the mix (as usual)
People will believe anything nowadays

I believed and I shared it with some friends too.

Redenomination as a solution is cosmetic at best. Nigeria is a country with many economic sectors with at least fifty million people earning income in whatever form. Maybe a maximum of 200,000 or much less work in the upstream oil sector and ninety percent of government revenue is gotten from that sector. The revenue profile is a recipe for disaster. In an organized Nigeria, oil revenue should be a maximum of ten percent of revenue but even five percent will be okay.

Aonkuuse:
CBN, I don't really know what is happening there!! Is it that you guys don't have a solution to the rising dollar value or there is something you guys are not telling us??

Meanwhile, people who sit down and write this kind of long fake articles really get time oo

They definitely knows what to do
But they can't it will affect their own business too
The leaders we know are just a mare puppet