Gerrard59:


Another Nigerian who missed Economics classes during his SS1 - SS3 days.

Nigeria’s Federal government has rejected the suggestion by Asiwaju Bola Ahmed Tinubu, the national leader of the All Progressives Congress for the printing of more Naira notes to cushion the effects of tumbling oil prices which has affected the country’s revenues.

Ngozi Okonjo-Iweala in a statement yesterday, slammed the idea a “poorly thought out populist recommendation”. She said the idea would be disastrous for the country if implemented.

She said such prescriptions ignore the facts of history as well as the elementary principles of economics.

“Printing money without adequate revenue support will lead to serious consequences for the country.

It will spur inflation as the experiences of Germany in the early part of the last century and more recently, Argentina and Zimbabwe demonstrate. This prescription will victimize the poor and middle class that it is supposedly protecting.”

Lifeinlight:
are there Rich Americans, Canadians, Australians that has Nigerian passport as backup? The answer is NO

Do we have Rich Nigerians including our past, present and even future president having those countries passport as backup? The answer is YES

Think twice

LagBlogger:


Think twice? Everybody is not like you. Their dual citizenship does not always mean backup. I'm talking of people who have made their money in Nigeria but were born abroad and still prefer Nigeria.

Speak for yourself and people you know don't assume everyone is like that

LagBlogger:


Think twice? Everybody is not like you. Their dual citizenship does not always mean backup. I'm talking of people who have made their money in Nigeria [b]but were born abroad [/b]and still prefer Nigeria.

Speak for yourself and people you know don't assume everyone is like that

IbeOkehie:


Indeed. So sad. I don't know how anyone fails to understand such simple economic principles.

Is it the quality of education or the people? I just don't get it.

https://thenewsnigeria.com.ng/2014/11/17/okonjo-iweala-rejects-tinubus-idea-on-saving-nigerias-economy/



Tinubu came in as President and implemented his preferred policy, increasing money supply by 2.7 trillion naira between June and Dec 2023.

Good Luck to Nigeria.

Lifeinlight:
please don't blame the education system, blane individual. Procashtips probably school in Nigeria, likewise myself, but he chose to be absent in economics class in senior classes (SS1-3)

ednut1:
There are over 220m people in Nigeria. Everyone cant japa. Which country will absorb them all Nothing strange there.

Procashtips:


Empty barrel

You lack education.

Basic questions you couldn't answer
You ran away
Only to be mentioning me on other people's thread.


Are you not ashamed at all?

Please, don't infect me with slowness.

Gerrard59:


Oga TWoods,

The majority of a country's wealthy WOULD always be in their dominant society. The wealthiest Singaporeans, South Africans, British, Japanese, Koreans, Russians, Chinese, Emiratis etc., all reside in their countries. It is logical and simple mathematics. Why would/should the majority of Nigeria's wealthiest reside outside Nigeria - where there are more Nigerians than elsewhere?

Lifeinlight:
Go and pick up your economics textbook to get the answer you're looking for biko.

pansophist:
The means to leave is the biggest obstacle for most.

Currency depreciation, can't qualify for any migration/visa category, clueless about the whole process, no guidance/helper, home base responsibilities, and of course, the embassy will mostly not grant you a visa.

The Schengen visa is now very difficult to get. For example, Norway as a rule, wont grant you a visa for tourism even if you overqualify. They do not want Nigerian visitors.

So there you go, leaving Nigeria will keep becoming exceptionally difficult, and close to impossible as the days go by, unless maybe through a family route with a foreign resident/citizen.

Procashtips:


Shuuush

How is scarcity of naira the cause of today's inflation?

Answer and stop running like a coward!

IbeOkehie:


Elon Musk as of today or last week is the wealthiest man in the world. He was born in South Africa but lives in the USA, in fact migrated to become a USA citizen. You'll probably contest that example but there it is. The richest man IN THE WORLD doesn't live in his native country, yes he's a singular instance but also a very significant one.

Most ultra-rich Nigerians don't "live" in Nigeria. I really don't think so.

Good Luck to Nigeria.

Benjamin4388:


HOW I CAN I GO ABOUT RELOCATING TO UK WHEN I HAVE A BROTHER THAT WENT THEIR 2YEARS AGO

Lifeinlight:
who says scarcity abi Buhari printed excess naira notes? Maybe you should go back to the guy that said it and you went ahead to quote him.

You need deliverance guy

Procashtips:


Another lie.

There was no time excess notes were printed.

Infact the noise then was that insufficient notes were printed causing the scarcity.

You keep lying and proving to the world that you're an illiterate with a lying tongue.

Post one article saying excess cash was printed by Buhari or forever remain a liar!

The more you type, the more you expose your ignorance and your lying spirit.

Lifeinlight:
Olodo

Go and read the person you quote. That is the Genesis of your failure the fact that you've quickly gone to read about it online shouldn't give you the nerves to deny your failure in broad daylight. More than 3 persons has questioned your quality of education about this basic subject matter here. Everything is on this thread. Just go back to the first person you quote biko. You will see others that question your level of education

LagBlogger:


Think twice? Everybody is not like you. Their dual citizenship does not always mean backup. I'm talking of people who have made their money in Nigeria but were born abroad and still prefer Nigeria.

Speak for yourself and people you know don't assume everyone is like that

Procashtips:


Since you jumped on what you had no idea of, you must complete it.

The fool that started it quickly realised his folly and shut up, but you wey no Sabi Mind your business even though you know nothing started forming 'educated'.

You couldn't even answer any of my questions.

You ran from that thread when I asked you simple questions only to come mention me here.

How did scarcity of naira lead us to present day inflation almost turning into what we call hyperinflation?

Nonentity!

Next time, mix with your mates and stop trying to climb trees your hands can't reach.

Olodo Omo eru.

Lifeinlight:
More than 3 people question your education here.

Omo iran kiran

KillingJoke:



Wrong


Most ultra rich Nigerians actually live in Nigeria eg go to Anambra and see a lot big men living there owning multiple houses in Imo state and Abuja


Nigeria is the best thing for rich folks

ikorodureporta:
Despite the jappa tide flowing allover, there are some people who don't have jappa in their agenda even though they are not doing well...
Some reasons may include weather, culture, food, caring for loved ones here, lack of strict laws here, etc.
They've decided to remain in their "comfort zone"...

Are you one of dem

Dericinn:
I want to let you all know that there are cheap routes you can explore when traveling to Canada and Europe
And cheap work visas with employment for kuwait
There are still Asian countries that grant tourist or visit visas Anyways for more info of which you can make your own findings and authenticate Zero nine one five four one nine zero nine eight one

ikorodureporta:
Despite the jappa tide flowing allover, there are some people who don't have jappa in their agenda even though they are not doing well...
Some reasons may include weather, culture, food, caring for loved ones here, lack of strict laws here, etc.
They've decided to remain in their "comfort zone"...

Are you one of dem

Jennysplash:
Please my Canada work visa got denied 19th January even though it was LMIA approved job I got through an agency. Please I need advice and help of when and how to re-apply but this time using the student route. This are the reasons the officer gave:
• I am not satisfied that you will leave Canada at the end of your stay as required by
paragraph 200(1)(b) of the IRPR (https://laws.justice.gc.ca/eng/regulations/SOR-2002-227/
section-200.html). I am refusing your application because you have not established that you will
leave Canada, based on the following factors:
• The purpose of your visit to Canada is not consistent with a temporary stay given the
details you have provided in your application.
• You were not able to demonstrate that you will be able to adequately perform the work you seek.
This is my first time ever applying for any visa in my life and this agency ruined my first chance because am beginning to doubt if the job was real because I submitted all they asked me to.

Procashtips:


Omo eru

Answer the question.

We know majority of Nigerians are dumb, hence our current situation.

If the 3 of you were actually wise and right which should put you in the majority, then Nigeria should have been better than this.

But because we know fools are mostly in the majority in this country, your mentioning the 3 that questioned me without answering my question is a testament to such assertion.

Lifeinlight:
omo iran kiran

I'm done engaging a block head who doesn't know simple basic economics

PARADIZEPRIEST:
Why are naija people not seeing opportunities in naija.
Common shoe polish you import despite studying chemistry,naija youth can't produce polish

Candle you import,despite having graduates of science every corner unemployed doing fraud

Apple and exotic fruits you import despite having grades of botany

Dairy cattle you import ,despite having animal science grads all over without them maning a simple poultry farm.
These are jobs you japa to do as second citizens. something is fundermentally wrong with naija youths of today. IS TERRIBLE UPBRINGING AND THE GET RICH QUICK SYNDROME OF JUDASLIFE PREACHERS.

Lifeinlight:
you mean someone wants to bring you over? Which country? How do you know he's a gay?