emmanuelbrown26:

Rice bandits

onionsbandit

Chibuzoripob:
onionsbandit

Lolsss

rex21:

You think you are making sense bro.
Something happened in 2002 and we are in 2023.
Cassava has very little uses. It has little or no economic importance. People are moving to renewable energy. Cassava has no economic strength, simple!

If 2 is true ?? Are you serious ??

@bolded. You're frankly hilarious.

Nigeria is finish

JuanDeDios:

@bolded. You're frankly hilarious.

other better forms of renewable energy. After all the research shell and co. Did on getting bio energy from sources like sugarcane, et al. Where did it get to ??

twilliamx:
The daft will be the first to comment on what they don't understand

So,, CASSAVA (a perishable commodity) is the best COMMODITY that the Nigerian Currency should be backed with??

nlfpmod:

https://www.youtube.com/watch?v=MTZYenx9g2g

A Nigerian journalist was filmed in a viral video giving out advice to President Bola Tinubu as he was heading out of a meeting.

The man who identified himself as Ayodeji Bakare, asked President Bola Tinubu to “use cassava in the commodification of the Naira”.

One of the Guards reminded the man that
“.. The Minster Of Finance Is Here..”

emmanuelbrown26:

Rice bandit and palliative fighter

Funny how you guys thinks everyone on Nairaland is suffering. Just Dey play 😅

Biola67:

Funny how you guys thinks everyone on Nairaland is suffering. Just Dey play 😅

Online billionaire, offline begger

JuanDeDios:

Do you even understand the policy suggestion?


He is. Crude oil is priced in US dollar, forcing you to change your money to USD to buy crude oil. Palm oil is priced in Malaysian currency. Why can't cassava be priced in naira since we produce 25% of the world's output, forcing other countries to change their money to naira to buy cassava?

Correct you are right

emmanuelbrown26:

D more Yorubas keep supporting d man d more they keep proving me right that Yorubas are d dumbest tribe in Africa

If you describe a highly organized people of 100k population to me as a tribe in a final year thesis then you will not graduate that year. You claim to stay in Lagos though I doubt it as your name is probably fake but you spend all your time online abusing your hosts in Lagos. Why not relocate to the East if you have no training of relating with others even if you don't like them?. Don't spend your online life on this kind of thing. You can initiate academic arguments and people will contribute

TheGoodJoe:


In all that is written here, there is no picture of how what the man is saying will make sense. Boosting production will require inflow of funds. It can't happen in a corrupt system.

He is only a journalist and sn anonymous one. Currency is only backed by durable things and not perishable commodities like cassava and presently no currency is actually backed as gold locked in bank vaults is meaningless. It has no effect on anything. Currency is backed by the people who have no choice but to accept it and by nothing else. Inflation is the rate of printing new currency and Nigeria does it a lot as a form of back door taxation.

emmanuelbrown26:

Online billionaire, offline begger

lol 😆

BluntCrazeMan:
So,, CASSAVA (a perishable commodity) is the best COMMODITY that the Nigerian Currency should be backed with??

Cassava has many extract like crude oil, you get cyanide, flour, garri, fufu and most of all bio-fuel which can power a car from Cassava

Taylor92:


Oga I didn’t vote nor supported Buhari but this is a heavy insult to Buhari

Buhari was paying fuel subsidy and fuel was N170

Tinubu is paying subsidy fuel is N600

I wish Buhari had insisted on third term instead of this disastrous Guinea fowl

Tinubu should be compared to dead body not a living thing

Don't be stupid.

Taylor92:
I now see why Tinubu was avoiding interviews because he’s so empty upstairs

Tinubu should just leave presidency and venture into farming

I’ve never seen a useless & clueless adult like Tinubu

Imagine the mockery?

How Cassava wan bring solution to this country in coma

I spit on the head of everyone who supported this imbecilee

Well, you can spat on the head of your miserable parents, no one cares.
Tinubu's only crime was that he picked a muslim as a running mate and he won.
He was not hated this much when he governed Lagos for 8years or even when he won the APC’S primaries.

QUITE SENSIBLE.

THAT MAY PULL CARDOSO, IWEALA AND WALLY TOGETHER FAST TO THINK NIGERIA.

twilliamx:

Cassava has many extract like crude oil, you get cyanide, flour, garri, fufu and most of all bio-fuel which can power a car from Cassava

Apart from flour, garri, and fufu..
How many if these other items can be produced in Nigeria?

Like, using Cassava as a commodity for the commodification of the Naira, and yet, export it for processing and arriving at the finished products which are then imported back into the country... right?

"My president, commodification of the naira, commodification of the naira using Cassava"
😂😭

lawani:


He is only a journalist and sn anonymous one. Currency is only backed by durable things and not perishable commodities like cassava and presently no currency is actually backed as gold locked in bank vaults is meaningless. It has no effect on anything. Currency is backed by the people who have no choice but to accept it and by nothing else. Inflation is the rate of printing new currency and Nigeria does it a lot as a form of back door taxation.

When you say inflation is the"rate" of printing new currency, do you mean rate as in cost or rate as in frequency?

What's wrong with APC and cassava?

zoghys:



And you with a brain full of ideas, why don't you contest for councilorship in your area. Most of you come on social media to abuse your grandfather's mate just because this is a faceless forum. Ode omo jatijati

Even though I'm not a fan of social media since it's virtual reality and people take on personas, the man has the right to scrutinize those who decided to be leaders, grandfather or youth. Nobody forced them to take on this PUBLIC positions.

3pointsagree:
I totally understand and support this



Let's use cassava

You sound like those people on pranks that I see where they're told a joke that makes no sense and the person laughs just to escape the awkwardness and he's asked to explain to the joke if he truly understood the nonsense and then he can't 😅.


It's your turn, if truly you understand, explain the joke.

DoxxAnon:
Kpomodification! Abi what was he saying?

😂😂😂😂😂😂😂😂😂😂

TheGoodJoe:


Theories are easy to spill. However, breaking them into action plans is the koko.

Now, tell us the steps in achieving this commodification and how it will help solve the immediate economic challenges we are facing.

My brother, I totally agree with you. Not when our present crops of leaders believe in fasting and prayers to solve economic and security hindrances. It'll be an exercise in futility sailing these ideas through the heads of these hawks. Spain and Portugal both has a very high demand rate for cassava but as always corruption bottlenecks will never let any presumptuous deal materialize. These are countries with moderate tolerance for corruption.

Babysho:


When you say inflation is the"rate" of printing new currency, do you mean rate as in cost or rate as in frequency?

If 100 naira is in circulation and you print 20 naira more the value will drop by twenty percent if the use of the currency remains constant but it never remains constant and money also drops out of circulation through other means, so the inflation will end up being lower than the percentage increase in volume of money. That is ALL there is to inflation apart from big grammar. If no inflation there will be no devaluation

MXrep:
Agbadofication of the Naira noni

Nah!


Agbadoization

lawani:

If 100 naira is in circulation and you print 20 naira more the value will drop by twenty percent

There is no basis for this neither that

The value will drop at all
OR
that is will drop by
Twenty percent

Firstly there is no such thing as absolute value different things in the market have a price determined by the demand and supply of those
things which is not necessarily tied to money supply e.g after a bountiful harvest the price of yam can drop while the price of oranges increases at the same time

Gajagojo:
There is no basis for this neither that

The value will drop at all
OR
that is will drop by
Twenty percent

Firstly there is no such thing as absolute value different things in the market have a price determined by the demand and supply of those
things which is not necessarily tied to money supply e.g after a bountiful harvest the price of yam can drop while the price of oranges increases at the same time

Price is determined by cost of production which is also affected by inflation but price can go up or down on its own without inflation since the primary determinant of price in an ideal market is cost of production. I have already pointed out that it won't increase by exactly twenty percent since population is increasing and the use of money is also increasing with it and causes deflation, some mornies are lost, buried underground, used for rituals, burnt and etc they will cause deflation so whatever volume Increase you printed as a central bank, inflation will be lower than it. Therefore all governments use inflation as back door taxation but it is more in countries that don't want to pay tax. They end up paying far more. BY FAR MORE. and the excess is spent anyhow by government. See Emefiele and Buhari. Emefiele was paying an unbudgeted 500 billion naira every month to one Alhaja as directed by Buhari. Inflation system or sleight of hand by inflation etc etc

Chibuzoripob:
Slow kid.Go and start 2027 campaign for your Eluup instead of CRYING BITTERLY online.Even 2027 nor sure OBI..After Shetima,we'll look for Rivers man.

And your suffering continues 😁😁.
Suffering and Smiling dudes

Isobug:

And your suffering continues 😁😁.
Suffering and Smiling dudes

like Ur hopeless father in Ur profile.