₦airaland Forum

Please
1.) I 've always wanted someone to explain in a lay man's language what these terms mean "Recurrent and Capital Expenditure"

2.) I 've heard many people say that the removal of fuel subsidy will cause inflation. But I've been wondering how, since I was told back in secondary school that inflation is simply "the loss in value of money because of too much money in circulation"
simple logic has told me that the fuel subsidy removal will leave the people with less money since you have to pay more to buy fuel hence reducing the inflation rate.

Pls can an Economist in the house put me through.

And who told u there aint fuel powered buses or diesel powered generator