₦airaland Forum

Creamcrest:
I don't get it,I thought they said they are trying to reduce the excess money in circulation so as to curb inflation.They keep hiking interest rates to achieve that.

And now they come out to say they are trying to ensure enough cash in circulation.

I don't understand.No wonder kperogi called cardoso an "Airhead"

This CBN under Tinubu;s Cardoso is just clueless and confused

brain54:
Cash that will still end up hoarded...

In a few people's accounts!

You said my mind bro.

Sharingiscaring:
You know how much be ₦1.4 trillion? Who de hoard am all for wetin? Raw cash oh!

This one came late to Nigeria. You think few people won’t hoard it? They play. People Dey hold $1bn come be this chicken change.

You think say Nigerians no get money Abi?

They don go print money like Emefiele and Buhari-fraud economy.

It's like trying to uproot a tree by beating the leaves 🤐😞💔💔

Government of TO..... 😆😆😆😆

esrinri:
Inflation!

Exactly.

Nigerians should prepare for the rollercoaster ride heading to nowhere.

Hmmmm ... so you can just print money as you like? Then why not just be printing 24/7 and share to all citizens? This is going to make the Naira become like Monopoly money .... Monopoly money has value in the game only.... Naira will have value in Nigeria only. Agàin ... whatever Naira you have saved.... convert immediately to dollars or pounds or Euros or any stable foreign currency....regardless of the present exchange rate.

The only way to stop the madness is by military coup .... the corrupt politicians rounded up ... all their assets confiscated ... they be put on trial .. thrown in prison or executed. They can use Jerry Rawlings play book.

Naira go reach 3500/$

Jolite:
So what cab can 30,000 do in this present economy?

USA,UK, Canada have a lot of jobs that pay money that cannot even pay rent. A lot of people combine 2-3 jobs to live a normal life.
There is nowhere in the world were all the salaries guarantee you to pay your rent and eat 3 square meals a day.
30K a month is so that you dont become a destitute in your own country.

TheAlchemist:
Love him or hate him, Tinubu is always loyal to his friends.

A good leader is loyal to the country, while corrupt leaders like Tinubu are loyal to their friends alone.

To create devaluation of the naira and in turn increase inflation

You just increased MPR to 27.25 and now you want to pump more cash into the economy. Why not reduce MPR instead.

More cash for who? You increased CRR for banks, so who is really getting the more cash?

You claim to be fighting inflation but secretly fueling it. Confused Bank of Nigeria.

If you really want to jumpstart the economy reduce the MPR instead let the market correct itself, encourage local production , stop importation of items that can be produced locally, like PMS, matches and milk from Uganda

Very soon, Nigerians go dey buy one loaf of bread for 9 or 10K. You're pumping more money into the economy when goods and service production hasn't increased, who does that.

Nigerians are already experiencing inflation, you now want to introduce them to hyperinflation. More money chasing little goods and services.

Way and means again. See how inflation will increase. These Lagos hitmen are clueless.

Wont it cause inflation?

Usmanovic95:
That note is gradually going into extinction.

Their aim is to accelerate the demise of NGN.
They know what they are doing. Globalist puppets

Best CBN Governor Ever. I would Urge him to raise interest rate to 35-40 percent to tame the banks and Government Spending causing inflation and financialisation of Asset. Then Gradually ease off the interest rate as Economy improves and inflation reduces.

nlfpmod:
https://www.thecable.ng/cbn-to-supply-n1-4trn-to-increase-liquidity-in-banks-says-cardoso/amp/

nlfpmod:
https://www.thecable.ng/cbn-to-supply-n1-4trn-to-increase-liquidity-in-banks-says-cardoso/amp/

How about individuals keeping the money in their vault?

malali:
If only this can be allocated wisely this is able to give 50 million people 30 thousand Naira each.

The government should device a way to pay all Nigerians at least 30 thousand naira a month.

These moneys should be directly paid to the individuals and they should be assigned to Private businesses and supervised around were they live.

why don't you use the money instead to subsidize fuel only at NNPC filling station and see how it will trickle down massively even down to d poorest poor...


but baba emilokan prefer d tinubulation style instead.

Good evening dis morning!

nairavsdollars:
The best thing Tinubu can do is to admit his mistake and sack this Incompetent Cardoso now

Sack himself join.. Cux he is just playing with the nation's growth and wasting money on things that are supposed to come later.. He is literally taking the nation backwards, since he came in..

You increase the interest rate while still want to pump more money into circulation, the two can't work together in a situation like this

Let the rate of interest be reduced drastically while pumping more money into the circulation, that is when inflation will go down!

they pumped massive monies into Edo election and d state, now ugwu leaf of #100 b4 election is now sold at least #200 dis morning in d mkt!

Welcome to tinubulation101!

Ondo ppl should Jez get ready for their own economy to be pawarized because y'all gonna get paid at least #15k to #30k for a single vote!

Anambra own, I knw Emeka & shinedu own can never be cheap...

their own will be from #40k and above for a single vote there!
Igbo amaka!

# too many policies somersault 😎
# All motion, NO MOVEMENT govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS!😕

Dogalmighty17:
Jesus Christ! Does this guy have basic knowledge of economics at all? You want to pump 1.4 trillion raw cash into the economy. Does he know what that will do? That's going to overheat the economy. A very massive sugar high in an economy flush with cash of limited value.
The CBN is chasing shadows. Whatever happened to giving the naira value? Cardoso is simply an idiot.

LandMann:
Inflation is going to go higher, naira is going to depreciate more... Nigerians are going to suffer more.

Emkv come and defend your useless government

LeopardX:
Will it not worsen the inflation?

Someone educate me pls as I'm not versatile in issues like this

Creamcrest:
I don't get it,I thought they said they are trying to reduce the excess money in circulation so as to curb inflation.They keep hiking interest rates to achieve that.

And now they come out to say they are trying to ensure enough cash in circulation.

I don't understand.No wonder kperogi called cardoso an "Airhead"

lhurd:
Why are they pumping cash into circulation again? Won't this worsen the inflation rate and further degrade the nairas value.

RoeEvi:
Too much cash flow cripples the economy

NothingDoMe:
Serious inflation loading. Looks like we have mad people at the helm of affairs of this country.

It can't lead to inflation. The CBN is not giving the money to the government neither are they dashing it out to Nigerians.

It will only lead to more naira notes in circulation. I hope he will print a lot of #50,#100 and #200 notes too.

SlavaUkraini:
Nigerian Bankers would rather divert the cash to POS Operators that would reward handsomely them than to drop it in the ATM machine.

It's a business venture for them.

Creamcrest:
I don't get it,I thought they said they are trying to reduce the excess money in circulation so as to curb inflation.They keep hiking interest rates to achieve that.

And now they come out to say they are trying to ensure enough cash in circulation.

I don't understand.No wonder kperogi called cardoso an "Airhead"

This one is different, it's not free cash and there was never free cash that's why the man is a pure air head.

nlfpmod:
https://www.thecable.ng/cbn-to-supply-n1-4trn-to-increase-liquidity-in-banks-says-cardoso/amp/

This is the only thing so far that I think Cardoso hasn’t gotten a hang of.

No matter how much cash the CBN pumps into the system, it will not get to the end-users because of very corrupt bank officials who always give it to Cash paypoint operators. They charge a lot of money to give the cash to those people (multiple times the charges their ATMs can charge those who withdraw through them). That is the main problem.

The solution to this is to ban the operations of those Agents in urban centres where there are good ATM coverage. Their services should be limited to the rural areas and places where distances to ATMs are too great to travel.

Once that is done, you will see cash suddenly return to the ATMs. The Banks in Nigeria are very corrupt & hugely greedy and they are the problem with a lot of things.

malali:
If only this can be allocated wisely this is able to give 50 million people 30 thousand Naira each.

The government should device a way to pay all Nigerians at least 30 thousand naira a month.

These moneys should be directly paid to the individuals and they should be assigned to Private businesses and supervised around were they live.

The CBN is not dashing anybody 1 Kobo. They are printing more naira notes so people who have money in their account will have more access to their money whenever they want to withdraw from ATM. More ATM machines will now have more cash in them

MichaelSokoto:
why don't you use the money instead to subsidize fuel only at NNPC filling station and see how it will trickle down massively even down to d poorest poor...


but baba emilokan prefer d tinubulation style instead.

Good evening dis morning!

Makes sense....more people will benefit economically.

Oh okay, they are planning for next election already, in this country no problem , last last everybody go they alright.

malali:
Makes sense....more people will benefit economically.

if dey decide to pay #700 for a liter as subsidy for us only at all NNPC mega stations, the #1.4trillion can pay for around 2 billion liters of fuel.

Do u knw how long dat 2 billion liters will serve d whole nation?