₦airaland Forum

Money is not the paper you hold in your hand.

The bulk of the money around the globe is not in cash. Only 8% of the money is in cash, that means the remaining 92% is not not cash.

So you think Damgotes $23billion is sitting in one bank account somewhere?

Or you think Elon Musk has his billions kept in one bank...

PS: It cost more money to mint money, so minting money is actually not ideal

Oracle411:
Thats not the question. The question is about printing liquid cash not asset. Go to google and check why countries dont just print money anyhow

I stated there in my comment that it actually costs more to print money.
In 2021 Nigeria spent 6billion to print 2.5billiin notes.
I am not responsible for you IQ

Akuruoulo:
and you believed Nigeria of all country is saying the truth?

You lots should stop all these primitive thinking, it's a lame mindset of thinking everything the government says that you don't like is a lie...

Nigeria is not the only country that prints money.
Printing money is expensive everywhere.
As a matter of fact, printing notes is so expensive that many countries can't afford it, countries like Tanzania, Uganda, Ivory Coast etc don't print their own money, it is that expensive, as a matter of fact Nigeria is one of the very few countries in Africa that prints its own money. Countries in Africa that print are just about 10.

So stop all these display of arrogant ignorance and get some knowledge

dederocs:
Whose responsibility is it in the first place?

How can a rescue agency be on ground and be helpless, a big state like Lagos?

Again you are losing focus on the comment I responded to.
He was not talking about the divers requesting to be paid like they don't have the right to request for payment.

slivertongue:
ADC chair is a settled matter. Nigerians just got to know the details this year but the party has returned to continue...

Where una put David, because according to party constitution he not eligible to be Chairman

slivertongue:
What's ADC's business with the internal politicking of a party that to a large extent is out to help her?

ADC shouldn't be a meddlesome interloper but rather face her front because Nigerians are looking up to her for rescue from hopelessness.

A party that doesn't know who their national chairman is, is devoting their attention to where and when other parties zone their tickets

Wetin concern una with where and when other parties zone the their ticket go.
Una never know who be una party Chairman yet una dey put mouth for other parties matter.

This cannot be true.
IPOB/Obidients told us that the East is Heaven
Why would statisense brings this to us.
I don't believe it.
Obi turned the East to an Utopia and he said he wants to do the same in Nigeria

cr7lomo:
So professionals and road safety officials will tell me that I should ride with a drunk driver instead of a tired driver .... they must be drunk officials

A doctor will not tell you in the his office that the best thing to do after a crazy day if you are hypertensive is to take a cold bottle of stout and go to bed. But a doctor who is your friend will. That is because a doctor is not supposed to encourage alcohol consumption....

So also a road safety official cannot officially tell you that, that is why I am asking you to contact one close to you.

This is what happens when some Nigerians wake up in the morning and decide that the best job they can do is vandalize rail-tracks, removing the equipments for sale....

dederocs:
He is referring to the government agency, stop talking nonsense, Lagos state should have divers under that rescue agency, otherwise it's nonsense.

Don't assume what he said.
My response is based on facts, the facts available is not what you are assuming.
Did he mention anything around what you are saying?
His focus was on the divers demanding huge amount of money.
Adults talk with available facts not assumptions.
Go and read his comments again.

Hedonisco:
Nigeria is a sad place. Imagine divers negotiating to receive N400k before agreeing to retrieve someone's body after an accident.

Tufiakwa. Useless country.

Why don't you go and dive for free.

Do you do your job for free?
Don't you get paid?
Do you know how risky their job is?

She most probably slept off on the wheels

It's always better to drive drunk than to drive tired.

I will take a drunk driver over a tired driver any day.

mascot87:
Speed Limit is 80km/hr on TMB. What then could have happened?

She must have slept off on the wheels, that's what happens most times, she was at an event as a vendor, she must have not only stood throughout but had to be prepared a night before and get there early for setup, now she has to leave late after the after party, she must have been tired.
An energy drink and loud music would have saved her life.
Again we don't know if she was obeying the speed limit. At 1am the road is free and she could be way above the limit

patrickmuf:
I bet you, they were at the scene but refused to act fast waiting to get paid first. Human life should be worth more than anything.

They were at the scene at 2am in the morning on TMB one of the longest bridges in Africa waiting for an accident to happen?
Is that how you spend your nights?

cr7lomo:
U well so?? Both are same.... a drunk driver is even worse cos they think they are I control, when they definitely aren't

Don't be ignorant ask any professional or better still ask any Road Safety official you know. Most accidents at night are from tired drivers.

ademasta:
This is massively massive and gratefully great.
Ok now, where US take dey get their own Oyel from

Dangote has been buying most of his crude oil from the US and you are surprised the US has oil.

Do you young people of this generation actually have anything in your heads at all?
Its unimaginable how basic Knowledge is rocket science to you lots

Shawarmagirl:
I will resign if Yahaya Belo is not persecuted and go to jail. Has the so called EFCC Chairman resigned? All of you in APC knows how to talk with bold mouth but full of emptiness.

Please kindly tell us which court has gone through the case and discharged Bello.

Case is still in court.
Illiteracy is really the problem here. That's how you lots keep saying the President should release Kanu when the case is on trial before a judge and your lawyers who knows the president cannot not grant him freedom while the case is in court are still shouting about it.
Something as basic as separation of power in high school government una no sabi

You feel you can just into a party and form a parallel executive overnight.
Watch how they will start blaming Tinubu and the APC.

Appletek:
Which manufacturer produces bullet proof options from factory?

Are you sure you really want to ask that question?

SadiqBabaSani:
Ooni is superior to the Alaafin,

Alaafin is a subject of the Ooni of Ife,

The product cannot elevate itself above the manufacturer

The office of the Ooni is that of a chief priest the Ooni is not a king, the OOni is never superior. You are saying the opposite.

You instantly assume that the attack came from NIMC.
If they lock you up again now ignorant Nigerian youths will start making noise

commoditiesnig:
Good job to PBAT and his economic team on this

But how come during Jonathan tenure our reseves reduced so drastically?! What did they do with the funds? That's so bad!

GEJ my SS brother no try at all o!

Ngozi Okonji who was the minister of finance during that time categorically states that the Nigerian Treasury was empty. We had no money left so we started spending from our foreign reserves, when Buhari entered he had to start taking loans to pay civil servants, that how the Paris fund which was made available to governors to pay loans came about.
Nigeria was bankrupt when Jonathan was leaving office.
The same governors who had to take the Paris fund loans to pay salaries today are testifying about having a lot of money today, even the opposition party governors.

Ngozi Okonjo knows the financial state of the country she left as Minister of Finance, so she talking about the Jagaban stabilizing the economy and some people who don't know the difference between exchange rate and purchasing power coming to insult her makes me wonder if the current youths actually have the least of education

PDPdestroyer:
This infographic is wrong. Our net reserves as at when Tinubu came on board was just over $3bn

I don't understand how some of you think.

Between the Central Bank of Nigeria and JP Morgan a private commercial bank who should have the right figures?

If the FG even have funds with JPM does it stop them from having in other banks?

Or are you saying My account officer in UBA knows my account balance in Union bank?

EFCC does not and cannot deport anybody for any crime what so ever.

Only the immigration has the authority to do so.

What do you young people do in school these days, this is basic knowledge, you want to go into media with an empty head?

So much junk in the media today from people like you uneducated graduates

meobizy:
In the first place, that a robbery and rape occurred in the UK is baffling to me. She must’ve lived in a rough neighbourhood. Her committing suicide afterward is more surprising. Everybody has their beliefs. Fear of the unknown sent her to the grave.

Hahahahahah
Some of you Nigerians need to actually travel out of the country.
Na ignorance wan Kee una, that's why you keep running down Nigeria.
There is crime even in Swiserland. You think the prisons are for housing animals?
Come out of your cave

loveli2uall:
Agreed, but why the caption that Wizkid takes the lead biko

He is the only artist to appear twice in the top 10.
No other artists beats the fit

Same party that had 142 votes in some places in the just concluded elections.
LoL
NDLEA needs to up their game, two many young people with access to drugs

lailo:
The Publiciity secretary, Dr Nuberu who issued this notice was the former SUG president of OOU. Most of our politicians were made in the university. Government can clean our political system from the university.

The current Benue APC chairman was SUG president in Benue state University. Sometimes people who have been into politics for that long are needed in the system, Austin reads political moves like a book, that is why the Rev Fr. can't shake him.

AdolfHitlerxXx:
Pastor TB Joshua

" Labour Party will win a majority in both Houses and also the Presidency"


Baba just didn't specify the type of house or timeline for Presidency

They actually won majority in their houses and presidency online.

You no dey see them dey call Peter president?

ottersberger:
Questions that readily come to mind:

1. Where has Tinubu been in the past five days, and what was the purpose of his visits?
2. Why has the Nigerian president not been received by his counterpart, even though this is not a state visit?

This man and his advisers are disgracing Nigeria and Nigerians in pursuit of their own agenda.

How many times have you seen the president Tinubu personally receiving any head of state?
Even when the Indian guy came it was Wike who received him.
You know nothing about protocols,only thing you know is throwing shades even when it makes evident you obvious ignorance.

He was in Brazil, now you can fly directly from Nigeria to Brazil, if you and your brothers like start using that route to push dr*gs

panpan:
In summary, this is a Japan-Africa summit.
The presence of the World Bank only complicates the issue.
The president should decline attending conferences like this. Or will there be "consequences" if he refuses to attend?

If he wasn't invited you and your likes will be hear making noise.
We have stooped listening to your kind.

Even when the US invited the lowest of African leaders you lots were throwing shades, despite the fact that the invite was for inconsequential African Nations