₦airaland Forum

kiyosaki1:
The answer is simple it will lead to hyper inflation because we are not producing country but rather consuming country. To say it in layman's language how will it feels buying a bag of rice for five million naira ?

You deserve a very hot slap

[quote author=richmond500 you too daft abeg post=132458256]lolz, I always insult both Obidients and Batists but the Obidients reacts emotionally which give me orgasm and motivates me to taunt them more.
It's boring taunting Tinubu supporters[/quote]

WizardOfNG:
Every nation has quantifiable figures in virtually every sector, that accurately captured net income and debt stock to the extent Countries have credit ratings, pegged in relation to their economic output, that affects their ability to borrow.

It is easy for the USA to work out that Nigeria produces x amount of crude daily and the income we make from that using OPEC global per barrel price. They know what we owe also.


If you therefore print money that cannot be explained by your economic output, then you may find yourself blacklisted for trying to defraud the sacrosanct consideration that a nations wealth and financial buoyancy must always be tied to it's economic output alone.

National loans are negotiated. Meaning, like me and you when we take a bank loan, Nigeria's income would have been assessed to note capacity to pay back the loan without defaulting.

Trying to use cash to instantly clear 5 billion we owe USA, and agreed to pay over 5 years , premised on our known and possible income, will raise suspicion of rogue nation conduct if Nigeria turn up one year into the loan deal to say we wish to clear the balance .

Our income was looked into when we took the loan with allowance made for realistic economic growth.

When your current economic output is worse off than when you took the loan, which is the case with Nigeria, it can only mean you are printing currency and commiting fraud against the international credit rating system which all nation must commit to preserve the integrity of.

Also, we pay foreign loans in foreign currency. If Nigeria's economy is worse and unproductive, as is the case today, which nation would accept naira for dollars loans they gave us? What would they gain accepting the currency of an economically unproductive and struggling nation in exchange for the almighty dollar?

Nation cannot/should not use the 'cheat mode' of printing money. They must commit to trying to grow their economic output. Imagine if every nation prints money to get out of debts?

This is really elaborate and much appreciated.


Now, Let's Face The Exact Direction of My Subject Matter.

The Economy of A Nation is Determined By How Well The People Are Earning From The Work They Do.

Alot of Nigerians Are Underpaid For The Work They Do.

Will It Not Be Nice And Reasonable To Print Enough NAIRA To Pay Nigerians Better Than What They Presently Get ?

This is The Direction I Meant When I Talk About "Enough Money In Circulation."

helinues:
Go to romance section. Because it be like you were not taught about inflation in both secondary school and tertiary

something that many tried before nigeria and it didnt go well....

why doesnt he know this....

Blue3k:
Lol, let's pretend you can print money with no consequences. How does Nigeria print money to pay for debt in foreign currency? Your lenders don't want naira if you borrowed in dollars.

The Printed NAIRA should be meant to increase and pay salaries of people who are working in Nigeria.


It should be meant to improve our production capacity as a country. This way; We will have much more resources to export to sell for profits which can offset our previous international debts.

There's A Roadmap And Workflow To This.

I Didn't Suggest That We Print NAIRA To Pay Off International Debts That We Owe in Dollars.

phantomxx:
Don't blame her. Maybe she didn't do economics in school. You would be shocked at the number of people who don't understand basic economics and think exactly like her.

No need for insults. Just correct her and move on.

Mehn I weep 🤣..

Ikaeniyan0:
Printing money anyhow will only lead to hyperinflation and the currency losing value

To Print Enough Money To Be In Circulation Has Nothing To Do With Printing Money Anyhow!

The Right Measures Have To Be Put in Place For Things To Work Well.

RevenuesBoost:
To Print Enough Money To Be In Circulation Has Nothing To Do With Printing Money Anyhow!

The Right Measures Have To Be Put in Place For Things To Work Well.

This is why some of you fail

Take a look at the OP post again

RevenuesBoost:
Don't We Have The Technology To Print Money in Nigeria To Pay Off All These Debts ?

Why Can't Nigeria Print Enough Money To Never Be In Debt Again ?



Is There Something We Are Not Telling Ourselves ?




You Can Make A Strong Sense of Why Nigeria Cannot Print Her Own Money And Why Nigerians Are Always in International Debts Through The Link Below:


https://www.nairaland.com/8240618/uk-did-not-endorse-yoruba








It's TIME To Wise Up!

Is It Not ?


Social Media Power!

Total Freedom From The Manipulation of The Colonial Slave Masters Is What Nigeria Needs To Emancipate Ourselves From Oppressive International Politics.

The OP wants Nigeria to print money anyhow