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Nairaland Forum / Nairaland / General / Business / Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy (16304 Views)
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Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by naptu2: 7:51am On Mar 13, 2023 |
Nigerian economy “loses N20 trillion” as 70% of cash sucked away from economy – CPPE https://nairametrics.com/2023/03/13/nigerian-economy-loses-n20-trillion-as-70-of-cash-sucked-away-from-economy-cppe/ 8 Likes
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Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Moh247: 7:53am On Mar 13, 2023 |
Buhari knows nothing about Economy, Emeifailure is a trained banker and not an economist Two of them shows why you should only allow trained professionals do their jobs Monetary policy CBN Governor headed by a Banking and Finance graduate Nssuka UNN Chairman Economic Council headed by Vice President Professor of Constitutional Law Fiscal policy Zainab Ahmed, Minister of Finance and Budget planing, Accounting graduate ABU Zaria . 91 Likes 10 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Massiveglory: 7:57am On Mar 13, 2023 |
Watch the economy naturally rejuvenate when the authentic winner of the 2023 presidential election is declared and sworn in. We are getting there. The new Nigeria is POssible. The new Nigeria is unstoppable. 101 Likes 5 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Quest7777: 7:57am On Mar 13, 2023 |
Hold Buhari, the President & Commander in Chief, responsible. Whatever good intentions Buhari & CBN had for the policy, have been rubbished by poor implementation. Nowhere in the world are citizens & businesses starved of cash. Many SMEs have crumbled & Nigerians subjected to severe hardship. We can definitely not continue like this. It's either enough new notes are issued, or CBN complies with SC ruling to revert to the old notes. 38 Likes 3 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Houseofglam7(f): 8:02am On Mar 13, 2023 |
😫😫😫😫 |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Johnson225(m): 8:02am On Mar 13, 2023 |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by CSTRR: 8:03am On Mar 13, 2023 |
This is the result of some people's decision in 2015 and 2019 The consequences are felt by all, irrespective of tribe or religion. Continue o. 68 Likes 6 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by FarahAideed: 8:03am On Mar 13, 2023 |
In 2015 Nigerians gathered and elected a lunatic as their president 69 Likes 7 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Queenext: 8:03am On Mar 13, 2023 |
Anybody supporting this sadistic policy, is either mad or dementia,or simply both . This is the most devilish policy I have ever seen, and the lifeless head just showing unconcerned attitude. Whoever conceived this policy isn't human at all 48 Likes 5 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by TheNiceGuy(m): 8:03am On Mar 13, 2023 |
Upon all these, PMB won't still listen 50% SME has practically closed down because of this ill-planned policy. 44 Likes 3 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by dangoteinlaw: 8:03am On Mar 13, 2023 |
The citizens suffering are only doing themselves. What does it cost to open a palmpay account, even some have accounts but adamantly refuse to accept transfers because a fool will buy money to in turn buy goods from them. There’s absolutely nothing wrong with this policy except the illiterates suffering from it implementation. 5 Likes 3 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Oyindamolah: 8:03am On Mar 13, 2023 |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Djele: 8:03am On Mar 13, 2023 |
Let the revolution start, the suffering is unbearable 16 Likes 1 Share |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Franking: 8:04am On Mar 13, 2023 |
Sai Baba. 1 Like 1 Share |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Jack500: 8:04am On Mar 13, 2023 |
Emefiele will be arrested and jailed by Tinubu. E sure mi 100%. The most useless CBN governor in history. No Igbo man should head any financial organization again in Nigeria, their policy is always disastrous. 24 Likes 3 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by iLoveYouToo(m): 8:05am On Mar 13, 2023 |
Purchasing will has dropped. These days I just get home from work and head straight to bed - to avoid drama 22 Likes |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Dididrumz(m): 8:05am On Mar 13, 2023 |
Expected The Nigerian economy is wildly driven by physical cash. So a cash policy like this will definitely affect the economy negatively to a large extent. 25 Likes 2 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by DamnnNiggarr: 8:05am On Mar 13, 2023 |
The Center for the Promotion of Private Enterprise (CPPE) has said the Nigerian economy has lost N20 trillion as 70% of cash has been sucked away from the economy....has been sucked away from the economy by who?? APC! APC!! APC!!! by the time APC is done with Nigeria and Nigerians, from where Buhari stopped, all those praising and rejoicing that their lord and savior won the election would be nowhere to be found because hunger might have killed them by then, or they might be in jail as a result of engaging in illegal means to survive, they might have also japared to either Cameroon, Cote D'Ivoire or Ghana, Benin republic and many other smaller African nations in search of Greener pastures. 13 Likes |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Akwamkpuruamu: 8:05am On Mar 13, 2023 |
Naija matter no be wetin dem de talk with empty belle 21 Likes 1 Share |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by ENGINEERG(m): 8:06am On Mar 13, 2023 |
Y |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Zico5(m): 8:06am On Mar 13, 2023 |
Effect of AfghanEASTian the obidiense want to foist on us. Emefiele is really performing wonders. I wonder how the government of Peter Obi would be assuming he was mistakenly voted into the power. Thank God we are free at least from them. It would have been from Fran pan to fire. May almighty give Asiwaju Tinubu the wisdom to lead this country to the promise land. 19 Likes |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by YoungLionken(m): 8:06am On Mar 13, 2023 |
What kind of rubbish is this for God's sake!? Like how did we get here as a country, Buhari, his cabinet members, governors, judiciary, legislature, masses or who exactly? Kai!!! 1 Like |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Miles300: 8:06am On Mar 13, 2023 |
I still wonder why we haven't taken to the streets yet over this madness and unnecessary suffering ...where in the world does citizens get starved of the own local currency ..just where in the world 32 Likes 3 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by PeterTinubu(m): 8:06am On Mar 13, 2023 |
My only regret in life is being a Nigerian 😔 15 Likes 3 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Ofunaofu: 8:07am On Mar 13, 2023 |
Moh247: Provide solutions, Moh247 This is not time to throw tantrums and call names because the last time I checked, APC is in power and Emefiele was retained as CBN governor by the APC government 9 Likes |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by jchioma: 8:07am On Mar 13, 2023 |
I'm not an economist, but a Cash based economy will suffer the kind of shock we are experiencing, plus the people that are enlightened enough may not be up to 30%. More people will suffer from illiteracy than from the policy itself. Meanwhile, the Buhari administration needs to be more proactive and pragmatic in the twilight of their govt's sensitization of the policy and release interventionist programmes to alleviate the effects on the masses. 2 Likes |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by inoki247: 8:07am On Mar 13, 2023 |
we have alot of Naira in the Banking sector right now and isn't showing on our Forex ordinary 10naira no reduce from Dollar nd Naira.,.. So automatically as a lame man wey know nothing Abt economy saving money for Nigerias won't even av any effect on us this policy don show am clearly.... We keep asking the supporters of this Policy what's the benefits till now we Neva get any beta reason... Imagine we av Alot of CFA in Circulation and still derr currency is getting stronger each other..... We need a good and realistic Policy this Policy is anti people saving money is of no benefits for Nigerians.... 9 Likes 2 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by TheNiceGuy(m): 8:07am On Mar 13, 2023 |
Old market women who sells vegetables and fruits will open palm pay? Why are you guys forming nonsense woke dangoteinlaw: 45 Likes 8 Shares |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by JASONjnr(m): 8:07am On Mar 13, 2023 |
Tinubu will kill it kpata-kpata 1 Like |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by juman(m): 8:07am On Mar 13, 2023 |
Buhari is embodiment of satan the accursed. He demolished the economy completely. He should be charged to court for deliberate treason. 12 Likes |
Re: Nigerian Economy “Loses N20 Trillion” As 70% Of Cash Sucked Away From Economy by Nobody: 8:08am On Mar 13, 2023 |
Massiveglory:what if that doesn’t happen as you expect it to ? I’m not fighting you o Na question I Dey ask 4 Likes 1 Share |
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