RepoMan007:
Instead of borrowing to pay unproductive workers and allow private driven production suffer, I propose they borrow to aid farmers and vital goods producers.

Imagine instead of printing N5Tr to pay unproductive hands, that money is split into 7 parts.
2 parts goes towards inputs while guarantying to buy the output with the remaining 5 parts. The lazy workers can then be paid with vital local goods instead of empowering them with raw cash to buy imported stuffs.

Fearyourcreator:

You no lie... Workers wey majority no dey really work

NwaNimo1:


https://nairametrics.com/2023/12/31/tinubus-govt-borrows-n2-94-trillion-from-cbn-to-service-domestic-debt-in-six-months/

NwaNimo1:


https://nairametrics.com/2023/12/31/tinubus-govt-borrows-n2-94-trillion-from-cbn-to-service-domestic-debt-in-six-months/

Righthussle:
FG Borrowed or printed, which one dem do?

iSense247:
Privatizing government will solve this problem of paying billions to jobless workers every month. No private company will keep paying unproductive elements such as civil servants in Nigeria.

Ddonoflife:
If they like they should borrow from heaven all I know is they are not leaving this earth with shishi.......Naija don taya person if no be borrow,na devalue or kidnap or rape etc

guideman:
This is still an extension of Buhari's economic policy somersaults. This printing of currency for the FG was first revealed by the Edo state governor, Godwin Obaseki. This was denied by the Buhari government and later admitted to be true. Nothing has changed. But the question begging for answers is, if CBN is still printing for this Tinubu's government to finance their capital and overhead expenditures, what.happened to the purported savings from fuel subsidy removal. Is Lai Mohammed and his likes still hanging around?

“Because we operate a sovereign fiat currency the federal government issues at its sole discretion, the federal government can never be rendered insolvent in Naira. This means it can run Naira fiscal deficits indefinitely. The only outer bound is to ensure the fiscal expansion does not incur damaging inflation rates.

There is no logical reason to peg the flow of Naira into the economy to the flow of dollars received. The correct perspective is not to mechanistically restrict Naira expenditure to dollar intake. This would be tantamount to those crippled with economic blinders forcefully leading those who can see we are heading for disaster. It points to deflation, recession and worse.

The better methodology is to ascertain, then achieve, the level of Naira expenditure needed to expand the economy and create jobs without causing inflation to rise to dangerous levels. This is how broadly-shared prosperity is generated in a sustainable manner.