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Nairaland Forum / Nairaland / General / Politics / Government Palliative Worsening Food Inflation - CBN Governor, Cardoso (14482 Views)
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Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by iwaeda: 9:30am On May 03 |
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation in the country. https://punchng.com/govt-palliative-worsening-food-inflation-says-cardoso/ 12 Likes 5 Shares
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Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by DMerciful(m): 9:31am On May 03 |
Govt of palliatives 40 Likes 2 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Quest7777: 9:31am On May 03 |
Na only Prophet Odumeje remain to be blamed by this Govt. 187 Likes 21 Shares
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Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by iwaeda: 9:34am On May 03 |
Government blaming government. 134 Likes 7 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by ProjectsCityNG: 9:36am On May 03 |
Clueless government 92 Likes 3 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Jlow2: 9:38am On May 03 |
When I said pallatives is not the way out, agbado pple insulted me, your 2cups of rice and beans has not helped issues 122 Likes 6 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by DatNiggaDaz: 9:39am On May 03 |
You mean these emikolliatives ? These mandate thieves have no shame at all. Lies, deceit & propaganda don hook for throat 89 Likes 6 Shares
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Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Thormentor: 9:43am On May 03 |
APC blaming APC 88 Likes 9 Shares
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Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Racoon(m): 9:47am On May 03 |
So palliative is to be blamed again? These are the people zombies are defending here? Bunch of grossly incompetent dumbasses 77 Likes 2 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Mercisharelove(f): 9:48am On May 03 |
Surely it's. Do the right thing then! 4 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Feintline: 9:48am On May 03 |
The blame circle continues. 41 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by HypocriticalObi: 9:48am On May 03 |
Ok |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by danijesus(m): 9:54am On May 03 |
Useless government 33 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by magoo10(m): 9:57am On May 03 |
How many Nigerian masses are even getting the so called palliative. Failed government just like buhari 56 Likes 2 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Taich(m): 10:13am On May 03 |
I believe you Sir, take the palliative away, the people must understand willingly or unwillingly, the who is leading you matters alot in life. Seize the palliative until 2026 3rd quarter, dash them palliative and watch them vote you in again, rinse and repeat. 20 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Amayanabo01: 10:18am On May 03 |
This bicycle seat head if you have nothing to offer kindly resign, ohhh I forgot you are working for a mandate criminal even if you appoint Dr okonjo iweala she won't perform because the man in aso rock is not the owner of the cap he's wearing. They are fighting him in both realms 33 Likes 3 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by 111GlassCup: 10:26am On May 03 |
And even the supposed palliative isn't getting to the right people that needs it. I know many old women and poor people living below poverty line that needs those palliatives. And also the conditional cash transfer or that government 50k that were being transferred. Some of these women around here don't even have a bank account. They Dont even k own how to access the internet. Whenever I tell them about these federal government schemes, they are always surprised. Please kindly look into these. Most of the families around here didn't get that food palliatives o 15 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by olusegun1990(m): 10:57am On May 03 |
Anyone that understands how the economy works will know that constant palliative and increased minimum wage is a bad way to help the economy -especially one like Nigeria's(in the long-run). Albeit that doesn't mean it's not useful in the short-run. To begin, palliative is meant to ease the effect of a negative shock in the economy temporarily as government forge a long term plan to ease the shock or pressure on the people, but when has palliative ever been equitably distributed -those who need it the most are the least to get. We may even consider the additional fact that constant government interference leads to lazy masses -there's a popular adage that goes do not give me fish but instead teach me how to catch fish, a better approach would be if instead government employed more people through capital projects. Secondly, Increasing minimum wage has an inflationary effect, the increased minimum wage is mostly by the government and some big organizations, an increased in minimum wage without a corresponding value brings about inflation. The market men/women in a bid to get their own share will increased market prices, if you still have children in school, the school administrator will increased the school fees of your children in order to meet up with increased salary demand and other logistics demand prices that have risen, if you are still a tenant, your landlord will increase the house rent to also get his own share of the increased minimum wage and it goes on like that like that, at the end of the day minimum wage will even make you worse off than making you better off. 14 Likes 1 Share |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by descarado: 1:56pm On May 03 |
This guy know tinubu has nothing to offer and is tired of the fake support. Trying to tell himself the truth. E remain make e mention tinubu name 27 Likes 2 Shares |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Bobloco: 2:03pm On May 03 |
So says the patch patch CV CBN governor |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by adecz: 2:03pm On May 03 |
😐 ⭕️⭕️⭕️ The issue is that, APC is populated by people of low IQ & extremely dull... Any right thinking person ought to know that taking billions into a food market that is already under supplied is going to worsen the inflationary trend. The right thing to have been done at this stage is to source foodstuff ( maize, rice flour) from outside the country, bring it in and subsidize it. This will immediately bring down food prices because hoarders will be taken unawares. This is a short term plan lasting about 4 months. While this is going on, government should now massively bring in farm inputs at subsidized rates to farmers to stimulate and encourage massive farming during this farming season. Massive farming will bring about massive harvests 7 months from now & enhanced the good security status. Then of course, security has to be taken into consideration In volatile areas of the country, where Fulani bandits have prevented farmers from farming❗️❗️❗️ This is the way forward ⭕️⭕️⭕️⭕️⭕️ rate 10 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Kingrshd3: 2:03pm On May 03 |
Anything Asiwaju Ahmed Tilumbuubu do is a welcomed development as long as HE pitObi is not the president.. Abeg open next page let's read 😂😆 |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by sanpipita(m): 2:03pm On May 03 |
Peter Obi told them palliatives are results limited thinking but will they understand when they spend much of their time planning next ethnic bigotry, entire economy has been destroyed by people with limited people, people who are not even fit to hold councillor ship positions, in coming months they will still go and share palliatives. 12 Likes 1 Share |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by MichaelSokoto(m): 2:04pm On May 03 |
useless ppl & their useless supporters! na now dem know? it shall never be well wit hell-anus & co! 21 Likes 3 Shares
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Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Ogonimilitant(m): 2:04pm On May 03 |
They are teaching Igbos lesson . Ite easy to steal the the community drum but where to beat the drum and how to beat the drum is is the problem. Tinubu government don cast 17 Likes 1 Share |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by onadana: 2:05pm On May 03 |
This man complains of everything,you are there to profer solutions not keep complaining. Clueslessness. 10 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by Emmastan291: 2:05pm On May 03 |
Olayemi Cardoso should concentrate in his area.... |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by GanagiBitrus: 2:05pm On May 03 |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by CatchMeIfUCanMO: 2:06pm On May 03 |
Deji Adeyanju always call this man Cardi B... 😂 Complain upon complain, Mr man, you're appointed to get result by working and not to complain. 6 Likes |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by themanderon: 2:07pm On May 03 |
When the wicked are on the throne the people groan. There is nothing they will do to stem the tide of evil bedveiling the government because the seat doesn't belong to them. Tinubu will end up telling stories till 8 solid years expires and along comes another criminal that will tell stories to Nigerians as usual. Since we have chosen the path of foolishness as a people the result will keep following us. 9 Likes 1 Share |
Re: Government Palliative Worsening Food Inflation - CBN Governor, Cardoso by MichaelSokoto(m): 2:07pm On May 03 |
Kingrshd3: 13 Likes 1 Share
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