₦airaland Forum

ZINNYBANKS:
But I don't think belle88 use to watch it not all ladies watch it . guess ur not busy..

Moh247:
😏 Yeah I voted oBuhari..and?!

Oga shût up & go & eat ur Agbado in pieces... dis bàtstard úrchin

why are u complaining now huh ?...

after u voted APC in... & now u are advocating for anoda APC government again...so dat our suffering can continue again abi ...tufiakwa!!

unprogressive element.. tapeworm urchîn

happy now..huh

go & drink garri

DollarSigns:
Nope all the bank network can’t fail
Forget Emefiele’s personal ambition now
That’s past
Forget the messenger and focus on the message
Mopping excess cash helps to solve local inflation
Curbs vote buying
Believe me, greedy politicians had before now accumulated enough stockpiles of cash for this purpose
Why don’t we just exercise patience and watch
Afterall the government is ending soon

Moh247:
Chaos , and panic in the economy, or simply mop up of Excess liquidity

We are watching

FriendofGod:
Mopping excess cash will not solve local inflation.


The only benefit is that coupled with the withdrawal limits, CBN can monitor the amount of cash in circulation, thereby reducing crimes.



Reducing inflation involves far more than mopping up excess physical cash.



First of all, market forces such as demand and supply of goods can raise inflation.



For example, food inflation in Nigeria. We have shortage in food supply, yet demand for food is high. This is an example of demand-pull inflation. Because demand for food dwarfs supply of food, the cost of food will go high. You don't solve this problem by mopping up excess cash.




Another type of inflation we are battling in Nigeria is cost-pull inflation. Look at properties? Why are house rents going up? Will mopping up excess physical cash reduce it?



No. The cost of certain raw materials have gone up. This causes the costs of rents and properties to go up as well. This is cost-pull inflation.



In summary, inflation is far more complex a problem to be solved by mopping up excess physical cash in circulation.



In fact, inflation is a situation whereby there is a lot of money (not just physical cash) chasing fewer goods.

Ugoc3:
UBA bank..smh..

FarahAideed:
No matter how stupid a person is he must have supporters in Nigeria

lexy2014:
Did he see scarcity of cash on his executive chair? Did he see Nigerians suffering on a daily basis by his decision to starve nigerians of cash?

emmanuelbrown26:
yes he is and he will always be. Its only enemy of d nation that are agaibst dis new policy.
Banks are d ones sabotaging dis wonderful policy not emefiele.

Berrityga:
the person without sense here is you. Ussd, ATM card, banking app. You want to tell me all three don't have network. Your a mumu man.

FriendofGod:
Followed by Fidelity Bank, and then Access Bank.

DollarSigns:
Nope all the bank network can’t fail
Forget Emefiele’s personal ambition now
That’s past
Forget the messenger and focus on the message
Mopping excess cash helps to solve local inflation
Curbs vote buying
Believe me, greedy politicians had before now accumulated enough stockpiles of cash for this purpose
Why don’t we just exercise patience and watch
Afterall the government is ending soon

Biodun556:
Some people are still insisting that Emefiele is on the track

FriendofGod:
Mopping excess cash will not solve local inflation.


The only benefit is that coupled with the withdrawal limits, CBN can monitor the amount of cash in circulation, thereby reducing crimes.



Reducing inflation involves far more than mopping up excess physical cash.



First of all, market forces such as demand and supply of goods can raise inflation.



For example, food inflation in Nigeria. We have shortage in food supply, yet demand for food is high. This is an example of demand-pull inflation. Because demand for food dwarfs supply of food, the cost of food will go high. You don't solve this problem by mopping up excess cash.




Another type of inflation we are battling in Nigeria is cost-pull inflation. Look at properties? Why are house rents going up? Will mopping up excess physical cash reduce it?



No. The cost of certain raw materials have gone up. This causes the costs of rents and properties to go up as well. This is cost-pull inflation.



In summary, inflation is far more complex a problem to be solved by mopping up excess physical cash in circulation.



In fact, inflation is a situation whereby there is a lot of money (not just physical cash) chasing fewer goods.

Angelfrost:
Thunder won't do a damn thing...!

Thunder can't spare Buhari, Lai Mohammed, Simon Ekpa, Hope Uzodinma, Gen. Buratai, etc, and hit a soft target like Emefiele!

Try a more effective curse!

Biodun556:
No note, no network. Nigerians now buy naira with naira. All shops now collect extra charges if you're paying for their goods through their own pos

ibrahass:
Why didn't he try this in 2019 general election and see if he himself will return.

Biodun556:
Some people are still insisting that Emefiele is on the track

FriendofGod:
Mopping excess cash will not solve local inflation.


The only benefit is that coupled with the withdrawal limits, CBN can monitor the amount of cash in circulation, thereby reducing crimes.



Reducing inflation involves far more than mopping up excess physical cash.



First of all, market forces such as demand and supply of goods can raise inflation.



For example, food inflation in Nigeria. We have shortage in food supply, yet demand for food is high. This is an example of demand-pull inflation. Because demand for food dwarfs supply of food, the cost of food will go high. You don't solve this problem by mopping up excess cash.




Another type of inflation we are battling in Nigeria is cost-pull inflation. Look at properties? Why are house rents going up? Will mopping up excess physical cash reduce it?



No. The cost of certain raw materials have gone up. This causes the costs of rents and properties to go up as well. This is cost-pull inflation.



In summary, inflation is far more complex a problem to be solved by mopping up excess physical cash in circulation.



In fact, inflation is a situation whereby there is a lot of money (not just physical cash) chasing fewer goods.

DollarSigns:
Believe me he’s a very smart man
Someone who’s served CBN for 2terms
He’s very intelligent believe me
But I guess what he never saw was the extent of mediocrity and Incivility his compatriots will exhibit out of ignorance
Nigerians have been suffering before now
This one won’t kill us
We’ll adjust to it
Sacrifices must be made
COVID lockdown was met with the same madhouse response, yet we adjusted
We need patience
Instead this should be a driver for everyone all to turn out en masse and vote who we individually know can control the state of affairs of the nation expertly
Not to selling our votes then waiting to wail on slight provocation
Peace be unto us all
Shalom

Biodun556:
Some people are still insisting that Emefiele is on the track

Biodun556:
I was surprised when he changed to cashless policy and wonder how we would go completely cashless without prior notice and when we have 100s of thousands of unresolved dispense errors cases in banks.

I don't know what is wrong with Buhari. Is he waiting till everything turns to violence like endsars?

Biodun556:
Some people are still insisting that Emefiele is on the track

Ugoc3:
UBA bank..smh..

Berrityga:
No be CBN cause your bad network. Get sense make your head rest.

EKONGKING:
Have seen this entire thing about currency replacement and trust me it is going to be brutal.

Common people will face maximum difficulty.

When Modi of India launched the exact same thing what we are witnessing in Nigeria in the name of demonitisation. Economy of India shrank and many people lost jobs.
For almost 3months people of India queued up infront of ATMs and banks for new currency.
But ends justify the means as majority of India transferred to cashless system .the country has got more revenue and eliminated majorly the source of black money or illegal money in their country language

What iam suprised is why buhari allowed in middle of election cycle unless he wants defeat of tinubu.
Modi of India done this currency change midway through his 5 year term and his popularity plunged from 70plus to 45 percent acceptance .
Many has predicted modi will loose elections ,but the 2 and half years softened the people anger , which along with his military strikes against Pakistan saved the day for him.

I think Buhari wants Atiku to win else no one would put his party in this much danger.



This post I posted on Jan 24

danniyal:
UBA is really terrible and frustrating

lexy2014:
Offpoint. Kindly answer the questions

Did he see scarcity of cash on his executive chair?

Did he see Nigerians suffering on a daily basis by his decision to starve nigerians of cash on his executive chair?

Aboguede:
U re losing it

U don't even understand anything yet u want sound educated

You are either foolish or deeply frustrated or u are not a Nigerian!

Them never tell you say u b mumu