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Obaseki: "FG Printed 60 Billion Naira For States To Share" - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Obaseki: "FG Printed 60 Billion Naira For States To Share" (47611 Views)

Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money / Serving Governor Withdrew ₦60 Billion Cash In Six Years ― EFCC / Gloomy Outlook For States As Federation Account Falls (2) (3) (4)

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Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by saaron(m): 7:29pm On Apr 10, 2021
kaludestiny10:
Things have truly gotten out of hand in this country.
Wide spread insecurity, high galloping inflation, high cost of fuel, geometric raise in cost of goods & services, high cost of agricultural produce occasioned by food insecurity (no thanks to fulani terrorist activities), high unemployment & poverty rate, and now printing currency to fund budgetary provision are signs of a COLLAPSED ECONOMY. Nigeria is about to collapse on the force of her own weight thanks to late buhari's regime.
The USSR experience that led to her disintegration in 1989 is about to repeat itself in Nigeria.
To me this is good news.

26 Likes 1 Share

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Olarsview: 8:03pm On Apr 10, 2021
Printing money for non existing service.
Although there maybe more than meet the eyes.


Let's go back to basics and harness our human resources than the natural resources. But all these greedy politicians wouldn't like it. They prefer to award dubious inflated contracts on paper to their cronies and find a way to defend it after collecting their share from the sum. A foundation build on lies is problematic.

When these states prepare budgets they wouldn't consult their locals on how to move their entity forward.But when FG fails to meet up with their egoistic allocations,they start crying foul. This is Evil.


The raining season approaches,we should be hearing of the results of their pro activity in providing security,tractors,fertilizers etc to encourage farmers and subsidize farming since the price of petroleum has been increased which surely have direct impact on productivity. But no,Double mouth speaks on printing money. One day you will eat the money.

The only thing politicians hate is intimidation. That is why they include kidnappers ransomes in their budgets after using & dumping them.
Politicians are cowards

6 Likes 1 Share

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by livebyday(m): 8:06pm On Apr 10, 2021
Stop fanning the flames of disunity

If you hate any tribe keep it in your home

If you are a paid hate mongered you will be caught mark my words

You are all being monitored

Your days are numbered

Nigeria will.never break

Call yourself odua republic
Biafra republic Nigeria delta republic or Arewa republic

You will all be caught

You and your sponsors
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Julianaa: 8:09pm On Apr 10, 2021
What did they do with the 60 billion?
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by boom99(m): 8:09pm On Apr 10, 2021
Them done rubbish the economy. Our money no get value again
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by lkillbrokehoes: 8:10pm On Apr 10, 2021
And yet some unfortunate people are still supporting this government, bunch of zômbies.

7 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by bravehost4u(m): 8:10pm On Apr 10, 2021
Quantitative easing, every country does that

1 Like

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by sanyablaze(m): 8:10pm On Apr 10, 2021
why wont there be inflation.

that is why I continue to advise young Nigerians to make money in dollass...if
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Unified07: 8:11pm On Apr 10, 2021
we have clowns as politicians in this country,him as a governor what Haas he done differently to create wealth
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Cholls(m): 8:11pm On Apr 10, 2021
My brother no wonder there is inflation... N100 no get value again
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by 4four(m): 8:11pm On Apr 10, 2021
And we de wonder why inflation is so high, by the tym buhari finished with us both we wailers and zombis go de shout sheige baba! shaige baba

6 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by lexy2014: 8:13pm On Apr 10, 2021
"Imagine a family that is just borrowing without any means to pay back and nobody is looking at that, everybody is looking at 2023, everybody is blaming Mr. President as if he is a magician,” he said."

This guy is a clown. Who is d head of d family that is borrowing? Sycophancy will kill some people.

14 Likes 1 Share

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by SenecaTheYonger: 8:13pm On Apr 10, 2021
What is the point of even leaving my whole money in Naira? Is it not to hedge with another stable currency or just enter crypto (although it’s too volatile)

We’re going the way of Zimbabwe
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Nicklaus619(m): 8:14pm On Apr 10, 2021
saaron:
What we're seeing is nothing but the LAW OF ECONOMIC DIMINISHING RETURN OF NIGERIA AS A FAILED STATE.
Nigeria as a country has expired! The only way out is disintegration.
Through disintegration, our new independent republics will fashion out economies that are based on our respective comperative advantages.

In economic point of view, unnecessary printing of new currencies will make a lot of money be in circulation, as there will be a trickle-down effect, as such when money becomes too much in circulation, the economy experiences money illusion, and inflation and recession follows.

I wonder if buhari has any economic team in his cabinet, because no sane government will print money to share to some group of persons who will squander the money on luxury goods, plunging the the economy into a deep recession sh!t. And the low-income earners become poorer, and the high income earners becomes richer from exploiting the poor, as most of the money that gets into the hands of the poor, one way or the other goes back to the rich through exploitation and the vicious circle of poverty continues, from one Generation to the next.

In fact if I begin analysis this thing, headache go catch me, abeg this country aff tire me embarassed

13 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Fooolishbuharri: 8:18pm On Apr 10, 2021
Where are those useless BMC sef? They are scarce in this thread. undecided

4 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by zoedew: 8:19pm On Apr 10, 2021
Emmanuelcann:
It is Götterdãmerung playing out before our eyes. The  unprecedented greed of politicians and impotence of a compromised legislative/judiciary have brought us to this sorry pass. Because of their looting we all have to go down!

Not so! They will go down and we will stay afloat!!
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by PigTormentor: 8:21pm On Apr 10, 2021
It's pathetic but that's what most govts are doing these days (Covid era). Even the US govt is printing and borrowing at an alarming rate.
Next generations of Americans will be paying forever.

https://www.usatoday.com/in-depth/money/2020/05/12/coronavirushow-u-s-printing-dollars-save-economy-during-crisis-fed/3038117001/

1 Like 2 Shares

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Fooolishbuharri: 8:22pm On Apr 10, 2021
livebyday:
Stop fanning the flames of disunity

If you hate any tribe keep it in your home

If you are a paid hate mongered you will be caught mark my words

You are all being monitored

Your days are numbered

Nigeria will.never break

Call yourself odua republic
Biafra republic Nigeria delta republic or Arewa republic

You will all be caught

You and your sponsors


We are saying buhari is indiscriminately printing money. Our economy is comatose and this senseless rambling is all you can say? Tufiakwa! We hope there is still a country remaining when you foolish buhari supporters come to your senses

16 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Amumaigwe: 8:22pm On Apr 10, 2021
Twelfthman:
Lets vote a young person to power. These greedy old politicians are outdated and had no clue about what is going on around them anymore.. That is the only way this country can move forward... If you ask me i will say anyone above 50 years of age shouldn't be vote to power

Yahaya Bello of kogi State is less than 50. How far?

3 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Igbankpa(m): 8:23pm On Apr 10, 2021
okay! after insulting the government what next? let me see, we move on to the next thread about government failure and wail again and it goes on and on and on yet nothing changes for good but getting worst instead. By now we should know that wailing and lamenting changes nothing, the change we desire cannot be given on a platter of gold we need to do more than just Lamentations.

4 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Petersamuel8(m): 8:24pm On Apr 10, 2021
I pray we don't go the Zimbabwe way
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Nobody: 8:27pm On Apr 10, 2021
Nigeria needs t diversify and open new channels for wealth, and one way they can do that is gradually pulling out of the OPEC, Investing in social services, stamping out corruption, improving security and image of the country and improving the naira against dollar! Nigeria is not poor, one of the problem with Nigeria is the strength of its currency against the dollar standard, its unfair!

1 Like 1 Share

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Lordbinsmar: 8:29pm On Apr 10, 2021
Baba God help me to Japa from this shit hole by all means embarassed embarassed embarassed

6 Likes 1 Share

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Brushstrokes20: 8:29pm On Apr 10, 2021
See what the redundant coupist and cohorts have reduced Nigeria to.....

The doomed contraption is long overdue for disintegration!

The shithole is beyond redemption

Buhari is a monumental disaster!

3 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by RomanGreen: 8:30pm On Apr 10, 2021
SmartPolician:
I think the best thing that can happen to any Nigerian now is to start saving their money in US dollars. Buhari and his minions have ruined what's left of this shithole. That oldie has been singing diversification since 2015, yet they are still looking for crude oil in the north with Nigeria's hard-earned money.

Economically, Nigeria is in deep crisis, but we don't know. Like Obaseke pointed out, people are more interested in 2023 than surviving this year.
If the dullard continues to print money, the inflation that will hit this country will be unprecedented. After 6 years in office, I have yet to pick out far-reaching reforms that Buhari and Osinbajo implemented.

Railway is not Nigeria's immediate problem; fix our electricity so that people can empower themselves and production companies will incur less costs. If we continue to import, we will keep putting pressure on the US dollars and naira may hit $1/1k before the end of the year. I cannot blame our leaders alone though, [/b]I blame daft people who keep them in power just to have their people in government[b]

Una neva even see anything

Na those useless northeners especially that useless Northern elders forum.... Na them go suffer am pass. Hopeless country

2 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by livebyday(m): 8:31pm On Apr 10, 2021
Fooolishbuharri:


We are saying buhari is indiscriminately printing money. Our economy is comatose and this senseless rambling is all you can say? Tufiakwa! We hope there is still a country remaining when you foolish buhari supporters come to your senses

Is it about supporting buhari or the fact that there are people intentionally sponsoring hate and insecurity in this nation?

You don't care about that ?

What is wrong with you ?

1 Like

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by JoeEeL(m): 8:32pm On Apr 10, 2021
tempest01:
Instead of these people to fight corruption and reduce cost of governance, they are ready to run the country to the ground and create problems for the future.


The next administration should be prepared to round up these people and chase and recover their assets home and abroad to fund future expenses.


So you are still thinking of next administration? See yoot reasoning. Chai.
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Deepthoughts: 8:35pm On Apr 10, 2021
film3four:
Governor Obaseki of Edo state has said that Nigeria could go the way if Argentina if something is not done now to reposition the economy of Nigeria.

He went further to state that the federal government had to print 50-60 billion naira last month and shared to the states to top up on their allocation.


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



https://dailytrust.com/obaseki-how-lack-of-funds-forced-fg-to-print-n60bn-for-states-to-share
This obaseki self na wah oh for am,if not buhari the president who else should Nigerians blame then? buhari promised Nigerians elderaldo knowing fully well he lacks the academic intelligence n general know how to fix the problems of the country,to him every problem was corruption n indescipline that can solve by the military mentality of order n obedience, being very sentimental, bigoted n biased buhari has only made the country the worse for it yet obaseki wouldn't want Nigerians to blame buhari squarely,I said it n I still stand by my opinion that Atiku was n is by far better than buhari, this is just a tip of the iceberg the real rot would be exposed by the time buhari leaves Aso rock,I don't know who the shock Will kill then buhari or Nigerians!.

8 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by AFONJAPIG(m): 8:36pm On Apr 10, 2021
And buharist are still praising him for killing Nigeria... Venezuela will be childplay where Nigeria dey... Make I kukuma stay here I am... Make those who voted for clueless criminal suffered the blunts
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Tochi3(m): 8:36pm On Apr 10, 2021
The bullion van druggie is zombistically running from pillar to post like a spoilt child looking for a presidential candy after imposing these dead brain calamity on nigerians and creating a multitude of Zombies never imagined in the history of Nigeria.

Osubande like a court jester he is and a slavish zombie only run errands when allowed by the cabal with his mouth wide open churning senseless grammers to fool his gullible zombies and creating new zombies.

No direction, no plan, no development, absolutely no positive index.

Useless Zombies. Spits

9 Likes

Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by john633(m): 8:37pm On Apr 10, 2021
Next level of change

1 Like

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