₦airaland Forum

That’s the man I voted for, right there! TINUBU knows this job. First class accountant for a reason.

richiemcgold:
🤥 5.4 trillion is huge!
.. I hope this is not a joke

Into what account has all that money been saved into all of this is what you should ask so you can verify for yourself. Don't just give benefit of doubt where it is not deserved..

Printed money. Mugus can swallow the usual shit.

Use the money to tar all the dilapidated roads in the country

DomPerignon:
That volume of cash is better off being removed from circulation to undo the fiat printing of Emefile.

We have #50 Trillion in cash floating out there with over 70% of that volume printed from thin air by Emefile & Sons Printing Press that was mismanaging our monetary policy in the CBN.

Get rid of that excess cash and see inflation come down fast.

There is no single indicator showing that there is excess liquidity in the market, no free money anywhere. The inflation will are experiencing here is as a result of wrong implementation of some fg policies.
There has been scarcity of cash out there since last, money is not in circulation.

This development are so big that you need binoculars to see it🤣

To rule Nigeria is not so hard .. just bribe urself into public office, promise them heaven on earth, recruit few criminals and media aids so he will be writing all the scripts sit back and enjoy urself at the expense of tax payers

Artscollection:
There is no single indicator showing that there is excess liquidity in the market, no free money anywhere. The inflation will are experiencing here is as a result of wrong implementation of some fg policies.
There has been scarcity of cash out there since last, money is not in circulation.

It's there in the form of inflation and you see it when you are buying stuff at five times it's cost.

Inflation is another word for excess worthless currency in circulation.

I swear you be fool

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

DomPerignon:
It's there in the form of inflation and you see it when you are buying stuff at five times it's cost.

Inflation is another word for excess worthless currency in circulation.

Sudden removal of subsidy with inadequate local supply and the fact they stopped defending the naira spiralled inflation out of control. Fuel runs this economy 100% so any increment in fuel results to increment of prices of goods across board, this has been the case since time immemorial. Maybe you are referring to american style of inflation, the one Nigerians are experiencing is as a result of policy
somersault.

Artscollection:
Sudden removal of subsidy with inadequate local supply and the fact they stopped defending the naira spiralled inflation out of control. Fuel runs this economy 100% so any increment in fuel results to increment of prices of goods across board, this has been the case since time immemorial. Maybe you are referring to american style of inflation, the one Nigerians are experiencing is as a result of policy
somersault.

The classic definition of inflation is too much money chasing too little services and goods .

You print so much money without consideration to growing the economy and production base , this is what you get.

Removal of subsidy saves government waste that ought to be channeled to providing critical infrastructure and government service. Subsidy removal contributes a tiny fraction to our current inflation. As long as the government isn't using the money saved from subsidy to address the excesses liquidity and thieving governors who now are seeing three to four times what they got prior to subsidy and are heading to convert their new loot to dollars, we will still be crying of inflation.

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

Out of N5.4b, N4.4b will be looted.

adanny01:
✓ Out of N5.4b, N4.4b will be looted.

Where was the N5.4 trillion/ $3.2 Billion all of this time before this announcement was made? Into what account was it saved all of this time? Before it can be looted, it's existence must first be verified.

richiemcgold:
🤥 5.4 trillion is huge!

.. I hope this is not a joke

I tell you.. So huge amount!

commoditiesnig:
■ I tell you.. So huge amount!

Where has that huge amount been hiding all this time? In what Federal account has this saving been sitting?

DomPerignon:
The classic definition of inflation is too much money chasing too little services and goods .

You print so much money without consideration to growing the economy and production base , this is what you get.

Removal of subsidy saves government waste that ought to be channeled to providing critical infrastructure and government service. Subsidy removal contributes a tiny fraction to our current inflation. As long as the government isn't using the money saved from subsidy to address the excesses liquidity and thieving governors who now are seeing three to four times what they got prior to subsidy and are heading to convert their new loot to dollars, we will still be crying of inflation.

You gave the definition and you keep confusing yourself. When you have few goods and services, even if you don't print money, you have inflation. It is called cost-push inflation and it simply means the cost of producing goods and services has risen which leads to less production in a bid to reduce exposure to illiquidity risks. This leads to less supply to the market and leads to inflation. That is what Nigeria is battling with presently. So it is not about pushing too much money but the money in circulation is not sufficient to produce the volume of goods required to keep the market in equilibrium which makes prices to soar

Kobojunkie:
Where was the N5.4 trillion/ $3.2 Billion all of this time before this announcement was made? Into what account was it saved all of this time? Before it can be looted, it's existence must first be verified.

He said N9Trillion during democracy day. Now its N5.4Trillion.

T-pain dey whine us.

adanny01:
He said N9Trillion during democracy day. Now its N5.4Trillion. T-pain dey whine us.

🤣🤣🤣🤣

lereinter:
You voted buhari then tinubu

And you want them to repair road

The drum of blood they súck from that road isn't complete yet

You need the punishment o

Haaaaaqqqhhh.
Please now

iwaeda:
https://nairametrics.com/2024/11/11/presidency-directs-n5-4-trillion-subsidy-savings-toward-nationwide-development-initiatives/

Clear case of case of conspiracy theory. You made us buy fuel at expensive prices and use the so called proceeds to build infrastructure for whom?

DomPerignon:
That volume of cash is better off being removed from circulation to undo the fiat printing of Emefile.

We have #50 Trillion in cash floating out there with over 70% of that volume printed from thin air by Emefile & Sons Printing Press that was mismanaging our monetary policy in the CBN.

Get rid of that excess cash and see inflation come down fast.

How do you think the removal of excess cash in circulation will bring the inflation down? Care to learn from your response sir.

DomPerignon:
as

This government is not printing any money. Instead they are struggling to mop it off circulation.

That's the reason for deregulating the FX window through floating of the naira.

The policy to float the naira was to mop up excess naira in circulation.

The reason this isn't working is because of laws that mandate the FG to share every revenue stream with state governors. The governors are the ones responsible for the naira crashing because they are the only ones with excess slush funds from subsidy removal and they are converting their loot to USD and stashing it abroad.

Think for a minute . Who in their right mind will bid for the dollar at such a high rate unless crooks wanting to launder their loot? No business can survive this high FX rate in the midst of growing poverty in Nigeria. Where is the market if you import goods at over #1,800 a dollar ?

The only class of people seeing the dollar crash are the thieving governors.

Let them loot as they want but tell them to stop putting pressure on our currency .

continue with your English
The new naira notes now in circulation with Cardoso name are printed by Emefiele now

gotnel:
Haaaaaqqqhhh.
Please now

All those who voted for buhari in 2019, tinubu in 2023 shall not know peace

tpain demon must súck their blood

DomPerignon:
The classic definition of inflation is too much money chasing too little services and goods .

You print so much money without consideration to growing the economy and production base , this is what you get.

Removal of subsidy saves government waste that ought to be channeled to providing critical infrastructure and government service. Subsidy removal contributes a tiny fraction to our current inflation. As long as the government isn't using the money saved from subsidy to address the excesses liquidity and thieving governors who now are seeing three to four times what they got prior to subsidy and are heading to convert their new loot to dollars, we will still be crying of inflation.

Shops are empty so are so many inventories out their, people are crying about their inability to stock up because they are in short of fund.iamnin d game full-time.

Artscollection:
Shops are empty so are so many inventories out their, people are crying about their inability to stock up because they are in short of fund.iamnin d game full-time.

Shops are empty of imported crap

Get sense , okoro

Lol...this is the type of Bulaba economics that Tinubu is practising.

Thinking that the inflation in Nigeria was caused solely by the ways and means of Buhari government is myopic. It's akin to the same thinking of both the Finance Minister and the CBN governor who came out boldly to say that Naira would only experience depreciation for one or two months but would bounce back to N700/N800 if they floated it. Naira is approaching N2000 after 18 months and counting.

There are other critical factors that contribute to inflation other than money in circulation. Stating that inflation would go down automatically once more money is taken out of circulation is for simpletons

DomPerignon:
That volume of cash is better off being removed from circulation to undo the fiat printing of Emefile.

We have #50 Trillion in cash floating out there with over 70% of that volume printed from thin air by Emefile & Sons Printing Press that was mismanaging our monetary policy in the CBN.

Get rid of that excess cash and see inflation come down fast.

DomPerignon:
That volume of cash is better off being removed from circulation to undo the fiat printing of Emefile.

We have #50 Trillion in cash floating out there with over 70% of that volume printed from thin air by Emefile & Sons Printing Press that was mismanaging our monetary policy in the CBN.

Get rid of that excess cash and see inflation come down fast.

If they remove excess cash wouldn't it become like the difficult situation we experienced during the Naira redesign?

DomPerignon:
Shops are empty of imported crap

Get sense , okoro

Bingo hunger has finished your brain

“Nationwide Development”.!!

No Name.
It wasn't tagged to anything..

It was just thrown up into the wind..
So, who would give an account of how it was actually spent.??

EmperorCaesar:


Thats a whole lot!

This is what you get when you have an accountant on the helm of affairs

This was the plan all along. Its unreasonable to say the FG have been paying subsidy and that PBAT has no true plans in mind

This is an attestation report

God Bless Nigeria

Shut up, paid propagandist were is the 5.4 trillion?, money that has been looted and wasted. What you are hearing is audio money.

You are not ashamed that the nation is ruined and the people suffering kwashiorkor while your clueless president is buying expensive private jets and using billions to renovate presidential mansions.

Nationwide development is too bogus.


What exactly are you developing?