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EducationRe: Why Do Countries Borrow Money When They Can Just Print Them? by LearningPhilia: 1:57pm On Aug 27, 2025
Wonderful Topic.


First of All - Definition by First Principle

Money is anything that can be used in exchange for goods and service and to pay debt.
Money is a means to an end.

Goods and Services are ends in themselves and whatever can be used to get them has over the course of human history been called "Currency" Adapted from the CURRENT (etymologically meaning TO FLOW) . If a certain thing can flow round it means its generally accepted then its money in a sense. Ifs officially called money when the legal backing of the jurisdiction applies but it must be remembered that it is geared towards the settlement of debt and the procurement of goods and services.

The world's economy is backed by gold as the universal currency. Divisibility brought about the use of items to represent value that invariably connect to the gold. It will be fraudulent to acquire more of those items without a corresponding value in goods and services. Everyone in the market is watching so when you want to pull the above trick, that your currency drops in value - see how i just defined Inflation?

Trade by Barter came up as a direct exchange for goods and services while the items we call Money (Cowries, notes, coins, etc are go between goods and services).

As i typed COINS, i remember a time where the physical coin in Nigeria was more valuable than what it was meant to exchange. What happened then was that people started smelting the metal and sold them for FAR hefty sums till the government realized and reduced the quality of metal composition of the metal used in making the coins if is must still serve as a medium of exchange because it was fast disappearing.

That brings us to a point to note "the value of the medium of exchange must be far less than the goods and services it is being exchanged for".


Reading will help to expand your understanding of the concept. I will personally recommend the book "School of Money " by Olamide Emmanuel.


Cheers
EducationRe: The World's Most Educated Countries. by LearningPhilia: 2:13pm On May 30, 2025
This is Absolutely the guaranteed place you will never find Nigeria.

MBA

Even when Pigs fly


Upon all the school wey we dey go, our projects are never used to solve real world problems but either dumped at the big trash behind VC office or used by Saheed to sell groundnut.
PoliticsRe: Residents Kick Against Tinubu's Son, Seyi Over Alleged Imposition Of Candidates by LearningPhilia: 12:27pm On Apr 28, 2025
In the Name of the Father,
and of the Wife
And of the Son


...


but wait, why the para?
Talk true, your Father get that kind levels and you don't align to reap blessings?
Abi na Abia state him wan run him boys into position?

The only minus i see here is that his candidates are not administratively good grassroot speaking as the report said. This will be the opposite of his Dad's selection style.

Every man has the right to dream to any position. His advantage and leverage should not be converted to a disadvantage due to his accident of birth.

"i no get" different from " i no like".

rest your bias
PoliticsRe: "Abacha In Agbada?": Did Tinubu Fight Dictators Only To Become One? by LearningPhilia: 5:10pm On Mar 21, 2025
"be careful fighting demons lest you become one of them"
- Friedrich Nietzsche,
CelebritiesRe: Portable Dragged Away From Court To Avoid Losing His Bail (Video) by LearningPhilia: 1:37pm On Feb 21, 2025
Portable - The Trouble that keeps troubling.
HealthRe: Does Placing Strand Of Wool On Head Stop Hiccups? Paediatricians Say "No!" by LearningPhilia: 8:39pm On Nov 28, 2024
Make una dey find Wetin no loss.

For all our problem, Na to turn solution wey dey work on its head Peads don dey chook eye.

Big pharma is not far behind.
You go soon hear say drug for hiccup don commot then the rigmarole.

Make una no carry Jankara Science come again.
PoliticsRe: Akpabio: Udom Emmanuel, Umo Eno On War Path - The Will by LearningPhilia: 2:06pm On Jun 18, 2023
nairalandkachy1:
I don't want you to behave like your mentor, don't inherit anybody's enemy, make your own enemies - Akpabio had told Eno when the latter came visiting after the Senate Principal Officer's election.



https://thewillnews.com/udom-emmanuel-umo-eno-on-war-path/
While I admit that this piece might just as well be dummy to push some players to action, I admit I like this piece.

I had to run a research about the state politically to appreciate the unfolding dynamics.

1. I noticed that absolute unreasonable subservience is foreign to people of the SS and SE region.

2. Since 1999, Only GOA was not annointed by his predecessor (at least at the primary stages) and ironically, he did not fight Attah on assuming power.

3. GOA is perfecting the blendmix of Northern and Southwestern politics where on one hand, leaders make other leaders and leverage on it (SW, Tinubu as example) and on the other hand, play progressive politics where the interest of the people ranks supreme irrespective of the party difference at the centre and the state level (The Northern style) . It's worthy of note that before GOA coming on the scene, the opposite has been the case.

4. Consequent on the Northern Style just enumerated, the NATIVELY PDP state broke precedence in 2023 voting pattern by veering from the top to bottom approach to delivering GOA from the APC to the Senate and the margin unbelievable for abinitio, the people knew the outcome. The love the Akpabios that the nephew was delivered to the House of Assembly under PDP while the Uncle was sent to Abuja for a second term under APC.

5. Consequently on (4) above,his constituency can be termed politically intelligent as they were aware of the strategic presidential primary step Down by GOA and know that all politirethmetric equal, GOA who is a go-getter will clinch the nation's number 3 seat.

6. GOA is loved by people in the state any given Friday and even the power of incumbency Emma Had could not change that. The junior Akpabio not clinching Speaker might simply be a protest move by Eno cos of GOA had interest in his nephew coasting to victory, oga Governor might not mind as long as the approach is okay but the Junior Akpabio had the wrong person behind him.


7. How do you fight the person that brought you from oblivion to power and expect that the person you bring will blindly heed to you after you are no more governor?
Even the traditional politician in GOA allowed Emma when he broke ranks. The business man Emma wants his successor to stay down even when it's not in his interest or the interest of the state for which Eno knows that his search for legitimacy will be cemented by an alliance with Akpabio.

8. Eno was foisted on the people by the strictly PDP structure which the ex governor Emma controlled. He needs Akpabio to worm his way to the people's heart but I doubt if cross carpeting will be to to Eno's interest as the state is ideologically PDP.

9. From 1999 to date, Kano and Lagos among others has been able to prove that the state and the centre don't have to be the same political party to bring development to the state as long as the dramatis personae have sense. The people especially when they are politically aware are the king's.

10. It is beginning to turn out that the ones we don't expect anything from are ready to surprise us out of our shoes and be patriots.

11. It's safe to say that Emma has been retired politically but never say never in politics.

12. It's also safe to say that GOA will be on the scene for a long time as long as he doesn't insult his proud Annang- tribe and the state as large. His charisma, eloquence among other things matching his political acumen and propensity to learn fast are his assets .

13. If it was not gleaned from the piece, I will make it clear. A GOA/Eno alignment is in the best interest of Akwa Ibomites.

May round pegs find their way into round holes.

caiphas@protonmail.com
PoliticsRe: Apapa: Obi Is A Liar, But For God, I would Have Been Mobbed In Court Today by LearningPhilia: 10:44pm On May 17, 2023
Doesn't he have children to call him to order for embarrassment sake?

Wotowoto.com

The future of millions are at stake and you want to take undue advantage young ones suppose to have for elders to coast through your malicious intentions.

This GEN-Z will have non of that.
Elder wey fall him hand go collect.

Other climes have elders planting trees they will never sit under but here, they mortgage their grand Children's future with unbelievable loans, yet they want you to be quiet because of accident of birth.
PoliticsRe: Tinubu’s ADC, Nurudeen Yusuf, Assumes Duty by LearningPhilia: 12:16pm On May 02, 2023
Please be creative and intelligent in whatever you do .

Anything you wanna do, please be good at it and add excellence to it.


This is a bad photo Job and that is putting it conservatively.

The military especially the Army does not function the way it does in your head.

CDS said he is not aware. The Man cannot move an inch away from his unit until the order comes down.

Dey play

Try again.

[Quote author=abc115 post=122878294]

https://dailytrust.com/photos-tinubus-adc-assumes-duty/[/quote]
TravelRe: Sudan Crisis: Azman Air Receives FG Approval To Evacuate Stranded Nigerians by LearningPhilia: 12:09pm On May 02, 2023
While we need all the help we can, I can't help but ask.



AIR Peace Volunteered

AIR FORCE is Government Duty

Is the FG paying AZMAN for the exfil? If so why?

Why not reward the person who volunteered at first ?

Enlightenment needed.


naptu2:
AzmanAir - #LetsFlyAzmanAir @AzmanAir



https://twitter.com/AzmanAir/status/1653141947882635266
PoliticsRe: Reno Omokri Reacts To Allegations Of Igbos Being Left Behind In Sudan by LearningPhilia: 12:12am On May 02, 2023
You are a proof that a dead clock is right twice daily.




cry[quote author=muhammaduyusufu post=122867088]Reno Omokri rights on Twitter:



https://twitter.com/renoomokri/status/1653058447217238020?t=OpW7w9s7JBTUCTVFJWq9Kw&s=19[/quote]
PoliticsRe: Tinubu Battles Intrigue As Masari, El-rufai, Bagudu Jostle For SGF Slot by LearningPhilia: 6:14pm On Apr 30, 2023
The qualities listed here is all embodied in Peter Obi but we know that a Camel has a better chance at passing a needle compared to that happening.

So let's stick with the usual suspects.

Zoned to the NW

Elrufai despite his religious and ethnic zealotry, is the best option from all the currently touted ones.
His other problem is his HIGHLY controversial nature. Gbege go plenty for FED SEC.
Aside these, that short man is a deliverer. He produces result akin to squeezing water from a rock.


Masari has his cool disposition as the quality that makes him okay for the job however , this is not paliament and his 8 year stint as governor with the coloration of a Minority in A Majority in Katsina does not inspire confidence in running the full nation. There are times when that job demands frontal gbas gbos, but then...



Bagudu, abeg, he should be given the Agric Ministry or Special duties.


For the dark horse, let be sure it's zoned to the NW and I will reel out names further for BAT goons to suggest to oga.

I no like Dem say dem say, Las Las, Nigeria Na our house.

Like and share this for the part to be released.


dre11:
•President-elect set to pull off a joker



https://www.vanguardngr.com/2023/04/tinubu-battles-intrigue-as-masari-el-rufai-bagudu-jostle-for-sgf-slot/
PoliticsRe: DAYS TO INAUGURATION: Service Chiefs, Personal Security Top Tinubu’s Priorities by LearningPhilia: 5:46pm On Apr 30, 2023
BAT's goons are here to weigh public opinion as well as get suggestions.

I will give it straight.

For this matter una don reach you need

NSA - Buratai (ex COAS)

ARMY COAS - The junior Obasanjo



Should I suggest more?


Like and share so I come for the other names




ijustdey:
*Ex-NIPSS official advises on search for NSA

*Army HQ not aware ADC assigned to president-elect

*DSS directors on shortlist for CSO position




https://leadership.ng/29-days-to-inauguration-service-chiefs-personal-security-top-tinubus-priorities/
Jobs/VacanciesRe: My Job Is At Risk Because Of Office Romance Involving My Boss by LearningPhilia: 7:30pm On Apr 25, 2023
Omerta
PoliticsRe: 3 Serving House Of Reps Members Defect To APC In Imo by LearningPhilia: 7:19pm On Apr 25, 2023
It's clear that non of them are coming back to NASS so they are politically worthless to Uzo.


The road no clear...

I dont envy imolites. Atal
HealthRe: Motorcycles Carry Corpse In Dr Congo - (Graphic Pictures) by LearningPhilia: 5:43pm On Apr 23, 2023
proeast:
How much does a third hand 1985 wagons cost?

This is just a failure of leadership, failure of followers and a people that are still prone to primitive lifestyles.

Even if Kinshasa has failed them, the community can even buy ambulance for themselves using old wagons!

Africa and Blackman is just a disgrace!!!
Remember say Na ROAD wey the wagon go Waka on top.

Make I leave am there.
CultureRe: Ayiri Emami Kneels Before Olu Of Warri (Photos) by LearningPhilia: 8:09am On Apr 19, 2023
This is Nigeria's version of

Game of Thrones.
PoliticsRe: Kogi PDP Primary: I gave The Delegates Anointing Oil, that did it - Melaye by LearningPhilia: 8:03am On Apr 19, 2023
Is that what we are calling it now?

Anointing oil.

Seasonal and mind searing Euphemisms will not kill us in this country.
PoliticsRe: Court Sacks Oluomo-led Parks, Garages Committee, Reinstates RTEAN by LearningPhilia: 8:01am On Apr 19, 2023
The soul of NURTW as a tool for the election was the play that started over 2 years ago with all action moving their pieces and this was just a front of the warfare .

Whoever controls the agberos (rebranded into road transport workers under any guise) in Lagos and beyond has a far start advantage on the election at whatever level.

This verdict is deliberately late not to overheat the polity while upholding justice though some might say that justice delayed is justice denied.

Hate or like it, Akinsanya is undoubtedly one of the most powerful figures in Nigeria and this will grow after May 29 ceteris paribus.

The trend from history is showing that to win election in Nigeria , aside a minimum of two major zone alliance, you must have an army (ragtag or otherwise) ready to die at your behest. Buhari came to power that way, BAT glaringly suppressed PO's vote in the SW and especially Lagos using thugs aka agberos ready to die trying.

Can obidients be the next army? You may not like the methods that will take but the result is consistent and you must match the level of a mad man to avoid further bullying.

So many issues, lessons and analysis as we watch the world.


These are interesting times.
PoliticsRe: House Of Reps To Sue Akpabio Over NDDC Contract Allegation by LearningPhilia: 1:46pm On Jul 23, 2020
fergie001:
https://twitter.com/tvcnewsng/status/1286256760337072128?s=19



https://ait.live/house-of-reps-to-sue-akpabio-over-nddc-contract-allegation/amp/?__twitter_impression=true
He share the list,he is out of business, he doesn't, they sue .

They can't file criminals charge on him because he was not speaking in his personal capacity unless they want to join NDDC in the suit then the following unintended consequences will follow.

1. The records to proof the NDDC position which they are sued for will be subpoenaed and will become a matter of public record and in this, the ministers Carter stays intact.

2. The house & by extension the Senate will have to open up investigation into other bodies so a bias & witch-hunting claim isn't slammed on them. Then the tornado starts.

3. From (2)The house will be spread thin fighting wars on different fronts for which they can't afford at this time.


There never is a good time to of all places shooed YOUR glass house to throw stones.

Them go off Mic.


Submission- Its just a threat for our consumption to fake that they are working and have integrity.
The Senate must have warned the two parties and agreed on actions & agreed outcomes.

There are no sides at the top.
PoliticsRe: Details Of The N75bn Fund Approved For Nigerian Youths Between 18 & 35 Years by LearningPhilia: 1:32pm On Jul 23, 2020
TheRareGem1:
The Federal Executive Council (FEC) on Wednesday approved the sum of N75 billion for the establishment of the Nigerian Youth Investment Fund (NYIF).

The NYIF, also tagged ‘the Youth Bank’, would create financial support for the creativity and innovation of Nigerian youths within the age range of 18 and 35 years.

The Minister of Youth and Sports Development, Mr. Sunday Dare disclosed this to State House Correspondents after a lengthy FEC meeting on Wednesday night.

The Minister emphasised that those between the ages of 18 and 35, who have genuine business ideas would be eligible to pitch their ideas in any of the 125 micro-credit banks across the country and qualified candidates would have access to the funds.

Dare said: “For the first time in the history of Nigeria, the Federal Executive Council today approved the establishment of the Nigerian Youth Investment Fund (NYIF) to the tune of N75 billion. This fund will create a special window for accessing credit facilities and finance on the part of our youths that will help to fund their ideas, innovations."

“The best way to call it is that for the first time the country will have a youth bank.”

FEC also approved the Ministry of Youth and Sports Development to play a lead role in working on necessary steps in terms of legislation, organisation and other aspects of financing.

“The Federal Ministry of Finance, Budget and National Planning will take the lead when it comes to the aspect of the financing, working with the CBN, the Ministry of Youth and Sports Development and other relevant MDAs."

“A couple of other details will be released later, but I think the most important thing is that the N75 billion Nigerian Youth Investment Fund, to cater specifically for this target group, a population of over 68 million, got the attention and support of the Federal Executive Council today and this fund will be assessed by our youths, once they are able to present their ideas, they can assess this fund directly,” Dare added.

He, however, promised that just as the N-Power programme, the process of the Youth Bank would be digital and fair to all youth aged between 18 and 35 years, regardless of tribe or social status.

https://twitter.com/SundayDareSD/status/1286004140951375872?s=19[/quote]Approximately 2billion per state + FCT with 1 billion for logistics/administrative charges.

There is need to know their thinking method.

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