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Kiliwuwu:
interested

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kb83:
Interested

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Mikedgr8:
Interested

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Yksoul:
Location please?

Research, writing.

You work from the comfort of your house within the next 15 hours.

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It's very urgent. You must be competent!

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Three Biochemist researchers are needed urgently for writing jobs.

Will cryptocurrencies (like Bitcoin) replace Fiat money (like Dollars , pounds , naira ) in the Future?

I want opinions please. Don't just answer "yes" or "no". State your reasons as well.

THE PURPOSE OF EDUCATION IS FOR THE EDUCATED TO WORK OUT SOLUTIONS FOR THE POSITIVE IMPROVEMENT OF THE SOCIETY.

Truth234:
Rhapsodia I just weak after seeing all the comments. God!

Listen, the Central Bank of Nigeria prints money every year like every other government and they announced it. The issue is people don't read those reports or even understand their importance.

Between 2013 and 2018, the CBN spent N231.2 billion printing about N6.5 trillion. Nigeria has a 4 billion notes printing capacity per annum and printed 2.7 billion notes in 2018 despite projecting 3.35 billion notes.

It is normal that the government print money to cushion the economy and stimulate growth. In economics, it is called quantitative easing (QE) and does not directly translate to inflation as most people have stated above. Inflation results from low economic productivity, a situation where demand is higher than supply (cost-push inflation) or in a healthy economy where more earnings, household income and spending power of consumers continue to rise leading to surge in demand than the aggregate goods that the economy can produce (demand-pull inflation).

Here is why our QE has not been effective like the USA, Euro, Japan and others.

The difference is in the deployment. The CBN inject printed MONEY back into the economy through treasury bills, bond sales, generally capital market. The CBN sells those to raise capital and in return pay investors (their capital plus interest (yield)) when those mature. It pays them from the money printed while the government uses that money raised to finance capital projects.

In fact, you might have heard of N5 trillion that banks and some other individuals owe AMCON, that money comes from the CBN printed money used in acquiring bad debt to prevent job loss and catastrophe in the banking sector. CBN acquired those debts with their expected interests (debt monetization) to keep the banking sector afloat.

In the US, the Federal Reserve (US Central Bank) used QE to buy mortgage-backed loan products, debts of Small and Medium loan providing companies and organisations to ensure that people and companies affected by COVID-19, bad economy, etc can still function and continue to contribute to the larger economy. For instance, small and medium business loan focus companies in the US are currently ready to loan anything for any willing business because the US government has to told them it will buy all their debt. Meaning, they should not be concerned with rising bad debt but focus on borrowing based on certain criteria to ensure all hands are on deck to aid economic recovery. It means by keeping organisations in business new job creation will continue to increase and job loss during the peak of COVID-19 will gradually moderate while the US government bear all the cost until those businesses are back on their feet to pay back those loan at ZERO interest rate.

In Nigeria, the money goes into the economy through the elites while the manufacturing and businesses continue to struggle with high-interest rates. US lowered interest rate from 1 percent to Zero and still buy all the debts to ensure loan companies also do not plunge into debt without interest rates used in covering operating costs.

Please note that US and other developed nations always know the total amount printed and injected into their economy and when the economy recovered from recession they always withdraw it back. Hence, while they've been able to manage their inflation/money in circulation better.

It is simple, an economy produces what it needs to survive. The printing of money or QE is to engineer it back to that level following an economic crisis and then take it back to allow it to function independently.

I am not sure Nigeria can account for her QE. For instance, I can tell you US total QE as at today is about $700 billion, I can't say that about Nigeria.

Perfect Description. There's a lot to learn from you.

ChangedMan1999:


Give me any reasonable amount

Lol, you'll be my friend. Being my friend is worth it, trust me.

ChangedMan1999:


U go drop something.

How much do you want?

ChangedMan1999:


U mean that I should summarize the book for you, free of charge?

Lol, yes of course . Please

ChangedMan1999:


OK.

Keep it up.

If you have spare time read The Richest Man In Babylon; it will guide you on your business.

Congrats OP , your loaves look yummy.

Changedman1999 , summarize the book for people like me ...

Speechless... Speechless
That's how you make me feel
When I'm with you
I'm lost for words
And nothing is for real.

I'll subscribe to your youtube channel. Nice garden.

Missyajoke:
During this holiday have discoveres hidden talents in me in which I never knew I add
1. Blogging skills.
2. Teaching
3. Cooking and baking skills
4. Patience.


But sometines I get frustrated because my group members are not ready to pay for the cooking class. I taught teaching them free will make them want to join the class but hell no they're damn broke. Can someone advise me on what to do.

Write Baking ebooks and sell on Amazon for International clients and on local e-book platforms for your group members. Reshuffle your group and convince them that they won't be good bakers if they don't buy the book. Buying the book should be a prerequisite for joining your group.

Also start a YouTube channel for your baking videos. This way you can also make your students /group follow your YouTube page. You can earn higher in future with a good YouTube channel.

iamvictorbassey:


If you feel that people spraying their money, is a form of oppression then I feel you need to change that orientation.
If we begin to pick offense in everything rich people do, then we will never stop picking offences.

I expressly stated that my response was for your comment and not the video.

You indirectly mocked people begging for medical bills they cannot afford and that's my concern. Our world is that of gross inequality. No matter how poverty is alleviated , there may never be an equal world where everyone has what he/she needs.

I will let the argument about the legal obligation of respecting the naira and not abusing Nigeria's currency slide . There is a moral and ethical obligation wealthy men owe to their society which is not backed by law. Poor people do not always hate wealthy men because they are envious. Poor people are most likely to hate the reckless spraying of cash displayed in the video because they feel that such resources could have been used to cure some of their needs no matter how little.

An average Nigerian Christian or Muslim has not only abused Bill Gates for being a billionaire and seeking vanity, they have also abused him for leading donations to health charity in Africa. Gates foundations have not relented despite adversity, they still send donations which have helped us defeat polio. It is therefore the moral responsibility of a wealthy man to understand that the poor in his society cannot satisfy their basic needs and that he should keep adding value to their lives despite blackmail.

iamvictorbassey:
Where are those broke motherfuçkers with their chopped off shoes who call money vanity and preach rubbish here?

Poverty stricken people who have never seen 7 digits in their bank apps before and probably never in their lifetime, be calling everything they can't afford vanity.

Yet they need vanity to survive. They are the group of bastards that type "Help, I'm suffering from Kidney bla bla, I need so and so amount for operation. Please Help". How do we help you with the vanity you condemned? Go and check, most of the helpers in such cases are neither Christians nor Muslims.

Don't allow those fake stupid pastors on Nairaland confuse you o. Money is sweet. You need to have it to understand.

You wrote differently from your previous posts, such a shame. People with class do not work hard to earn so that they can oppress others who do not have. People with class work hard to cater for their needs, wants and then add value to their families and society.

I'm not talking about the video or the thread in my submission, I'm talking about your comment which I quoted.

EVILFOREST:

When I was still around, I used to visit AKS almost every month. In fact that was the Last state I visited before I left Naija.
I was fond of spending weekends with my friends there.
..... a very Peaceful state.
There are many states I can't visit the way I visit AKS

Why did you choose the "Evilforest" brand? There are things I want to learn from you.

Y

EVILFOREST:

Yessss ooo.
I encountered many during my service year.
I was amazed at their respect.
It appears an average Akwa Ibom Lady is trained from birth to see men as gods. They respect a lot.
Even when you don't have, they rarely complain.
Then I had neighbors who hailed from Akwa Ibom.
They were ever ready to COOK for the entire neighborhood. And they made sure they shared these meals to everyone irrespective of your contributions.

Imagine what would have happened if PETER OBI's wife hailed from Anambra...?
We would have been hearing her voice more than that of her husband.
Akwa Ibom Ladies are just bred that way.
I envy their Ladies.
I had them as 1st choice when I was considering marriage.

Are you married yet? If you are married, is your wife an AKWA-IBOM woman? If she's not, why did you not marry your first choice?

EVILFOREST:

No
But I cherish them a lot.
They have got a Beautiful Culture and the most respectful Ladies in Southern Nigeria.

Wow, just wow.

EVILFOREST:
Yet they will say the Governor Lacks Vision..
That's Job creation as well as those factories
People have to be kept busy to avert crimes.

Are you from AKWA IBOM?

Still open