Amotolongbo:
Because the very larger percentage of the money domiciles with the very few percentage of the population

is he not part of that percentage!

InfoGuru118:
.

https://platinumtimes.ng/too-much-printing-of-money-by-fg-reason-for-free-fall-of-the-naira-gov-otti/

LoLz. Some people talk just to talk.

APC should borrow this gov for just a month

Lumarstone:
One thing I like about Alex Otti, the governor of Abia State is that all his educational credentials has no question mark unlike one politician who claimed he made first class degree in accounting without SSCE.

And one can't tie the other show lace or has anything downgrading to say about the other.

See this people who claim to lead us are disconnected from the people. The market has less money yet this one is saying it over flooded with naira. The problem is over dependence of foreign goods.

How was Abacha able to peg dollar at 80 naira and survived. Let evaluate our currency by removing large denomination like 500, 1000 from the market.

Improve production, any imported good or services that refused to produce in country should be denied

Sell our goods and services in naira, which will improve demand for naira.

Buy more Nigerian and improve value for our goods and services

Any IOCs that refused to refine a percentage of our natural resources within Nigerian should be allowed to export same.

Reduces stealing of our products, goods and services like crude oil, solid minerals, etc

Improve our security systems against bandits and everyone can do farming, marketing and production of being intimidated by crook and uniform security architect

Within 6 months Naira will appreciate to double figure and economy too

InfoGuru118:
.

https://platinumtimes.ng/too-much-printing-of-money-by-fg-reason-for-free-fall-of-the-naira-gov-otti/

Emefiele confiscated naira you cried, now that you can collect your money from ATM you are also crying.
Which of the 2 scenarios improve the value of the naira?

Lumarstone:
One thing I like about Alex Otti, the governor of Abia State is that all his educational credentials has no question mark unlike one politician who claimed he made first class degree in accounting without SSCE.

Yet Otti says yes sir to, & has nothing but the ultimate respect for the first class degree in accounting without SSCE.

So you see why the poor minded like yourself will forever remain @ the bottom?

Funkyswagzz:


Kindly ask your president what he is doing in terms of the hardship people are going through in Nigeria with his try and error policy

As much as you blame the president, blame the governors as well. Sanwo olu no be governor?...Abeg shift

Simonjef:
Yet there is scarcity of Money even in the street an banking Hall

Get a Super Professional Company Logo or Letterhead for Your Business for 2k only

Pay On Delivery

Drop us your Company name
https://forms.gle/355F2tBJVtt1pvgU9

There is a scarcity of products, food, and fuel, and too much money is chasing fewer goods.

This is basic OA Lawal Economics: if you print money, you create inflation because your currency, in this instance, the Naira, is not linked to production.

The two solution is to reduce the Naira supply and increase products in the country

unbiased2021:



I think you should visit Aba before saying this.

Visit Powerline, Ariaria. There are other locations but this is the most visible at the moment.

What’s your own state producing Mr Man

Lol, what is the export value of the products being produced over there? Sub-standard products that cannot even be exported to ordinary cotonue.

Please stop your pity talks. What stop Otti from producing things in Abia state. Is he not getting allocation monthly? Every state should walk up and do the needful. See Yobe , Niger, Borno etc. have identified their strength in Agriculture and they are running with it. Most southern governors are sleeping and I do not know what they are doing. Rivers and Akwa Ibom, Delta Baylsea etc. can major in petroleum and energy sectors, yet nothing is happening in these state. Make una dey wait for FG to do everything. Rubbish

bigpriik:
they will come and attack him now just watch.

It shall never be well with the disaster called Buhari and those that brought him.

Who did that clandestinely? Buhari. He used Emefiele. But some people still want Buhari. They have fallen in love with the evils of his government.

Tiler:
Up to now I don't even know the benefit of the naira REdesign

The benefits was to Control Looting
And especially to stop VOTE BUYING by Politicians before the 2023 Election.

The way Tinubu stacked his house with Bullion vans of money
Before the 2019 Election is a Testament to this.

Iykenuwa:
It shall never be well with the disaster called Buhari and those that brought him.

Which is Ebola Tinubu.

Hope you are not his Supporter? 😏

Tiler:
but that was never achieve

Yes, but it was the intent.

What is actually good in this country again, God we did not bargain for this

pocom16:
It's not about printing too much money..

The naira was floated simple..
A country that imports more than she exports..such a currency can't gain value ..

Until we find a way to increase dollar inflow through more exports..or we cut down substantial amount of import.. the naira will still continue to nosedive..


https://www.youtube.com/watch?v=Ipv0Mt75Ipk

You are very correct.

JoshTim:


As much as you blame the president, blame the governors as well. Sanwo olu no be governor?...Abeg shift

Oga blamer Alex otti na governor. U too shift!!

If body dey pepe u go and die

Simonjef:
Yet there is scarcity of Money even in the street an banking Hall

Get a Super Professional Company Logo or Letterhead for Your Business for 2k only

Pay On Delivery

Drop us your Company name
https://forms.gle/355F2tBJVtt1pvgU9

All that excess monies went into the hands of a corrupt few privileged class who then use all that money to pursue the scarce dollars.....cbn on the other hand is mopping up all these excess cash.

In essence,the real value of that money is been held in dollars while the cbn mops up the cash

Who printed the 'too much ' money?

InfoGuru118:
.

https://platinumtimes.ng/too-much-printing-of-money-by-fg-reason-for-free-fall-of-the-naira-gov-otti/

it was that foolish emefiele who printed excess naira cash and trying to cover up by using that new naira note , trying to lock out the cash in the masses hand out but thank God for Tinubu who catch that foolish emefiele scope. Blame buhari, emefiele for the economy woes not Tinubu. Over to you zombies to come and cry.

Sheuns:
Everyone keeps shouting production, production, production. Amenities that will aid production aren’t put in place by the government. A producer in most cases provides his own electricity, water, funds with little or no government supports.

How do you expect such factories to survive when there are cheaper imported substitutes?

In most cases it is cheaper to import a product and resell than to produce that same product here, simply because cost of production is too high in Nigeria.

They also keep sounding as if to transform the country to a production country is a day's job.

post=128718499:
God bless all sane Nigerians

Yes oo. Excluding all APC apologists.

True. The culprit is Buhari and his servant Emefiele and the clan led by Mahman Daura.

noobody:


Follow this link.

https://www.nairaland.com/8016083/beware-serial-scammerphone-number-09014566031

To read about his atrocities on nairaland

And how he has over 15 Monika's he uses for scam!!

Hmmm
Thanks for sharing

post=128718499:
God bless all sane Nigerians

You wont write your long empty epistle because it was the useless Buhari you were praising here for eight years that caused the economic quagmire we are in today. Tinubu is just using a fire brigade approach to salvage the foolishness of the calamitious Buhari.

Thunder fire all the useless idiots that were singing praises while Buhari wrecked our economy.

It is, the politicians are converting it to dollars which why Naira keep collapsing and the FX is no longer available for production use

richeeyo:

Which means it's not in circulation
And can't be responsible for rapid inflation rate
According to economics

Splashme:


Oga, too much money in circulation is part of it. That is the reason CBN increased interest rates.
.

Ok sir

H2ho:
Obaseki said it in 2022….we seeing the aftermath now.

A lot of apc-led administration's bad practices let to the free fall of the naira today... the truth which they'd always hide from their gullible supporters. When obaseki first exposed them, that finance minister always looking sick debunked it, before she finally voiced out to admit it. After that time, they still printed much more, ahead of the elections.

We heard of the way one notable lady in Nigeria was always approaching the CBN to buy dollar at the official rates and sell to Nigerians at the black market rate, making huge sums in profit. She's abandoned her husband and relocated to Dubai even before handing over

In all these, emilokan was aware as the national leader but kept quiet.

Emefiele is clueless.

He printed over 30 trillion naira.

Wicked man