you cant solve inflation by throwin money at it....

western nations tried it,it didnt work....
it only became more worse....

mrvitalis:

Then google the difference they are not the same

Wale is based in micro... He doesn't even have a mere PhD in economics... No micro economics experience what so ever

Commissioner of finance n minister of finance are not similar in any way outside just name

What they tackle are totally different

You can't have the knowledge of Macro without Micro, no matter the branch of economics you major, Macro and Micro economics, best called "Economic Theory" is mandatory.

Talk about branches like Monetary or development, those can be selected, but as an economists, you are expected to fit in all branches.

Wale Edun is good, has a bsc and MSC in economics, worked with many international economic organizations. He is widely recognized, just like I said, it is not his fault, Tinubu agenda is pure evil. Bring NOI into Tinubu government and watch her flop.

killsmith:
how is wale Edun good when lagos have over 1 trillion naira debt?

You don't measure competency by that, US is the highest debtor in the world, check his Profile, man is good for the job. Just that Tinubu agenda just like I said before is evil.

EyeCumInPiece:
Renewed Hope is a Scam.

Watch as those shameless agbado miscreants come to defend the Renewed Hopelessness just because of 30k stipend.

Where are they even seeing the 30k stipend again

Waiting for countering

30 or do you mean 300%

Things are getting more and more expensive by the day while the quality/quantity of items are reduced. Meanwhile shop quality accessories and get massive discounts off at checkout on oraimo eShop using "HAVEFUN" coupon code.

Saintinoo:


You can't have the knowledge of Macro without Micro, no matter the branch of economics you major, Macro and Micro economics, best called "Economic Theory" is mandatory.

Talk about branches like Monetary or development, those can be selected, but as an economists, you are expected to fit in all branches.

Wale Edun is good, has a bsc and MSC in economics, worked with many international economic organizations. He is widely recognized, just like I said, it is not his fault, Tinubu agenda is pure evil. Bring NOI into Tinubu government and watch her flop.

Bros macro evonomics and micro are not similar in any way don't say this rubbish outside

Wale worked worked with which international organization? Lol as West?

Not having a PhD is bad for someone who wants to be Nigerians minister of economics


Most importantly he has no policy formulation experience what so ever

He has no developmental economics experience at all

He has no experience working in a regulator or policy formulation agency

Hunger in the land

mrvitalis:

Bros macro evonomics and micro are not similar in any way don't say this rubbish outside

Wale worked worked with which international organization? Lol as West?

Not having a PhD is bad for someone who wants to be Nigerians minister of economics


Most importantly he has no policy formulation experience what so ever

He has no developmental economics experience at all

He has no experience working in a regulator or policy formulation agency

You think you are talking to someone who uses google to gain information on economics? I a have told you the best I can about macro and micro economics. I am very sure that you don't have a degree in economics, probably you have been reading some articles about economics on google.

Who told you a PhD is needed to be appointed as a minister of finance. Try and calm down bro, if I should explain this for you, you will see that being a minister of finance doesn't even need more of macro economic theories. Finance ministry is more of fiscal policies.

Wale Edun is great, it is his boss who is the problem, Tinubu came with the agenda of looting and improvising the country.

TemplarLandry:
Another sinister speculation for Hellu Pee scavengers to rejoice over.

this is no longer a matter of Peter obi again,are you sure we have not passed 30% inflation right now,the worst gaffe by BAT is that subsidy removal announcement without proper advice or backup,he did not even anticipate how fast the market will react or the domino effect it will cause,now what money they will save is now to be wiped out by inflation,pls leave mr obi alone he is not the president

TemplarLandry:
Another sinister speculation for Hellu Pee scavengers to rejoice over.

Another result for u to appreciate your failed father

mrvitalis:

Na statistics we go chop?

Problem with APC is fundamentally they don't know how development works ... Like most Nigerians they don't understand how development works

For them build road, build bridges, build hospitals, build sly scrappers, build rail... To them this is development

Since 2019 Peter obi told them infrastructure doesn't kick start development... Osibanjo argued

Human capital investment is how to develop infrastructure can come after

Absolutely.
What we have been saying for ages now.
And the bolded is becoming clearer by the day, by the year, and by the regime.
That is why it is so easy to give the Nigeria half a bag of rice and a litre of vegetable oil as the dividend of good governance.

Even the effects of colonial rule were not as bad as this.
At least the slave masters were able to put the country to work, the downside being the liberty to profit from it.

30 percent inflation is just catastrophic.
And it appears this government has not answer, no response to it.
It is as if they don't even recognise it is a problem at all.
I have never seen such terrible misunderstanding of the condition of this country.

It is like a smoking powder keg right there in the middle of one's room and the fellow who should be hysterical is turning in for the night.

Kenochi:
Economics 101: Refine your crude oil and stop importation of petrol,diesel and aviation fuel/kerosene

If those in government are expecting anything apart from this to reduce inflation,then they need to go back to school and question their certificate
Force NNPCL to supply crude oil to Dangote and all other modular refineries and conserve your foreign exchange.This is the only short term measure to stop this galloping inflation
The cost of production is very high as we run a Diesel Economy, our Electricity is kaput and we rely on Diesel to power our industries

infact the restoration of the refineries should have been the major task for tinubu before he removed subsidy, petroleum imports are gluppimg almost 30-40% of dollars and government is still wondering what to do,the refineries should be a prority project of national security

tsdarkside:
you cant solve inflation by throw in money at it....

western nations tried it,it didnt work....
it only became more worse....

Tell them oh.
Palliative, palliative, palliative.

Whereas we are saying, work, produce, make things....
Government is not interested in that one.
Na to import everything so that they spend money where you cannot see the invoices.

Saintinoo:


You think you are talking to someone who uses google to gain information on economics? I a have told you the best I can about macro and micro economics. I am very sure that you don't have a degree in economics, probably you have been reading some articles about economics on google.

Who told you a PhD is needed to be appointed as a minister of finance. Try and calm down bro, if I should explain this for you, you will see that being a minister of finance doesn't even need more of macro economic theories. Finance ministry is more of fiscal policies.

Wale Edun is great, it is his boss who is the problem, Tinubu came with the agenda of looting and improvising the country.

And fiscal policies are what? Micro economics? Lmao

Bros PhD is needed oga developmental economics is the most difficult part of economics

Wale is not even good enough to be bank MD not to talk of minister of economics

How many international organization and agencies have given him appointment


Wale will most likely and you would be hear giving excuses

Man doesn't even understand how development works all his police's so far have failed

ogododo:


https://punchng.com/inflation-to-hit-30-by-dec-kpmg/

it advised that addressing issues such as energy and transportation costs, supply chain problems, and boosting local production will be more effective than increasing interest rates.
Madness is when ask the economic experts are calling your reforms aka subsidy removal great and timely and they still turn round to ask you to address energy and transport costs.
What was subsidy doing again?

ogododo:


https://punchng.com/inflation-to-hit-30-by-dec-kpmg/

The report also projected that Nigeria’s economy will grow by 2.6 percent in 2023- a considerable reduction from the World Bank’s projection of 2.8 percent in 2023 and[b] that the recent reforms from President Tinubu such as fuel subsidy removal and unification of the FX market will lower GDP growth in the country.[/b]
I thought Tinubu is on the right track to economic prosperity. Why is fuel subsidy removal lowering GDP nairalanda1

mrvitalis:

Na statistics we go chop?

Problem with APC is fundamentally they don't know how development works... Like most Nigerians they don't understand how development works

For them build road, build bridges, build hospitals, build sly scrappers, build rail... To them this is development

Since 2019 Peter obi told them infrastructure doesn't kick start development... Osibanjo argued

Human capital investment is how to develop infrastructure can come after

The problem is not the building of bridge, hospital and rail. The problem is those things are being built with loans which means we can't afford them. Worse still, they are being built by foreign companies which means we are borrowing money to pay foreign companies to build infrastructure. It's a vicious cycle that leaves Nigeria at the short end

Antoeni:
Golden Penny Spaghetti Is Now N730

Those poor guys will soon leave Nigeria and relocate. Their cost of production is hitting the roof which is affecting their price and in return their profit. All the companies that relocated always find themselves in this position

Evolutionism:


Golden penny spaghetti maintained the price of N80 to N120 for more than 3Years during Buhari first tenure.

It was N50 to N80 during Jonathan's regime.

I still remember Vividly.

spaghetti increase is due to two factors.
Dollar rates.
Wheat prices.

Evolutionism:


Golden penny spaghetti maintained the price of N80 to N120 for more than 3Years during Buhari first tenure.

It was N50 to N80 during Jonathan's regime.

I still remember Vividly.

50? I can’t remember this one oo.

Kukutente23:

The problem is not the building of bridge, hospital and rail. The problem is those things are being built with loans which means we can't afford them. Worse still, they are being built by foreign companies which means we are borrowing money to pay foreign companies to build infrastructure. It's a vicious cycle that leaves Nigeria at the short end

Gbam! The problem is not even the loans. With an interest of 4 -5% over a 20 year period, a semi competent government should be able to pay back comfortably. You need these critical infrastructures in order to develop the economy. The problem first and foremost is corruption. The projects are done at highly inflated costs, sometimes up to 5 times the actual cost. Then there is the issue of labour. The Chinese bring in most of their labour, thereby denying our own people the benefits of enjoying the economic impact of the liquidity of the loans. The money is repatriated back to China instead of it circulating within the country. Then there is the lack of manpower and training to build, operate and maintain these infrastructures. Our educational system is not in tune with our developmental goals, so after these infrastructures are build, we must rely on the builders who incidentally are our creditors to help us maintain them at exorbitant costs.

This is why it has become a viscous cycle. If we train our own people to build and maintain these machines and infrastructures, we would have been building and improving on them by now.

Happy new week everyone. We, Teewhyhomes Consulting Limited remain your trusted Real Estate Company in Nigeria. Please reach out to us today.

nedu666:
Nigeria inflation is over 100%. Check the prices of goods at November 2022 and check the prices in November 2023, it's over 100%

Ramz lattafa my favourite Perfume was 7k in stores then.


Ramz lattafa now is 13500

It's hit 400% without warning.

Only God knows what to expect now that they've said this.

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LP will not take your joy, it Good to know the current nigeria is what you ever wish for your generation born and unborn. Headless imbecyle.

uote author=TemplarLandry post=126940262]Another sinister speculation for Hellu Pee scavengers to rejoice over. [/quote]

This government needs to become hawkish regarding inflation with the CBN raising the interest rates to levels at which it will start bringing down inflation. The greatest benefit of a steep interest rise is that it would lead to an appreciation of the Naira which would make it cheaper to finance the petrol subsidy.

It would also improve business and consumer confidence when there's a drop in inflation.

The government seems to be praying that injection of funds to clear of forex arrears would strengthen the Naira and naturally reduce inflation is unwise. A loose monetary policy encourages excessive demand for forex which means any inflow would disappear fast.

TemplarLandry:
Another sinister speculation for Hellu Pee scavengers to rejoice over.

everything is not politics.. this things are affecting real people on the street including people you love... we should stop being myopic about all this things by reducing it to partisanship..

Evolutionism:


Golden penny spaghetti maintained the price of N80 to N120 for more than 3Years during Buhari first tenure.

It was N50 to N80 during Jonathan's regime.

I still remember Vividly.

Garba Shehu told us that we will miss Buhari, but some people thought he was joking.