donbachi:
Add ur name here..na men like u.

Mhen respect to runtown. My fav artist. You sure say all them Davido really get money pass this giy sef? Doubt!

Esseite:
And when you print more naira notes what next?..

Zimbabwe loading

This stupid fool all he thinks is money money money!

Print more money, reduce VAT etc

Even in this Coronavirus era he should think of provisions to protect his state.

That’s why Lagos is the way it is...full of Alayes asking for money with zero concern on the environment!

Like father like sons!

Precious4real50:
Already loaded with food

Make I kuku come make we chop am together

Brainless fool.

Esseite:
And when you print more naira notes what next?..

You put them in his bullion.

Idia Amin Dada of Uganda immediately comes to mind

Esseite:
And when you print more naira notes what next?..

Inflation...

For the first time i dont agree with,hw can he an accountant say print money? Is it to cause hyper inflatn or wht?

Only if our currency was printed here in Nigeria!

aragonchuks:
Sometimes I wonder who votes this clueless politicians into power that don’t even know Economics , just imagine someone father , grandfather and leader vomiting nonsense without thinking about inflation .. As one Imam said currently “ONLY FOOLS CAN VOTE A BIGGER FOOL INTO POWER “.

I don't understand we Nigerians, the man is giving his own advice and opinion. don't forget he sighted reason why Americans have to print more dollars and he said they Americans have the right to print more of it because is their right and we Nigerians have the right too. now, you people start to call him names, if there is going to be lock down for two years? do you think tinubu is going to lack? me! I don't have more than #3000 in my in and out and I have family.

See the type of head that wants to takeover from Buhari in 2023. Does he even know how much is use to print new notes?

It is obvious that this man does not understand anything about economics. First of all, the US dollar will pay a price for all the new dollar bills that will be printed. Over time, the dollar will tend to lose its value. But then, the US economy will still survive it because of several advantages; they are the NO 1 producers in the world and the dollar remains the NO 1 currency of international trade. So other nations will still seek the dollar and this will counteract the potential loss of value that would come from this bout of quantitative easing.
Nigeria can not go the same route except we want to go the way of Zimbabwe or Venezuela. This is because we do not produce anything of value, we virtually import everything we consume. That means should our govt print more naira, it would result in an inflation better imagined. This is because all that naira would be used by nigerians to pursue dollars which are already relatively scarce. This would crash the value of the naira.
The only way out of the looming economic crash is for us as a matter of urgency to cut down the cost of governance, encourage Nigerians to shun their acquired tastes for imported products and services and diversify our economy into areas like mining.

suremanpatriot:
For the first time i dont agree with,hw can he an accountant say print money? Is it to cause hyper inflatn or wht?

You guys and this your hyper inflation argument. Jeez!!!! Can you not see what is obvious? What use is a weight loss diet to an obese man about to die?

Is it not prudent to first keep the obese man alive so he can worry about diet and loss weight in future?

Don't you guys get it that we have never been in this situation in the modern era and that things might have to be about survival first and everything else second?

Unless people want to remain unreasonable, because the name Tinubu is in the mix, then it should be fairly obvious to everyone that inflation is not a consideration in a survivalist setting where all national and continental economies are distressed at the same time!!!!

Who would have thought Italy would ever be in a situation of having to let some citizens die because of the need to prioritize who lives due to insufficient availability of ventilators? Is it not only those alive who would worry about inflation?

Can anyone tell me Italy would not even accept fantabuloustic inflation simply not to be in this dire situation it finds itself currently? Now, compare Italy and Italians to Nigeria and Nigerians to note whether inflation will be our worry if the worst is happening.

No one would need a self-help injection of cash, via printing new money, more than comparatively koboless Nigeria if others are too economically distressed themselves to bail us out with loans. They can help with supplying us essential items but how do we continue to create the incentive to keep vital socio-economic productivity going within Nigeria under a lockdown where likely 80% of Nigerians, to include many family breadwinners, are not earning an income?

https://www.google.com/search?q=survivalist+meaning&oq=survivalist+&aqs=chrome.1.69i57j0l3.8848j0j4&client=ms-android-huawei-rev1&sourceid=chrome-mobile&ie=UTF-8

Survivalist.

relating to the policy of trying to ensure one's own survival or that of one's social or national group.

NwaNimo1:
lol.....mad man.

Inflation nko?

Are you an economist? What makes him a mad man?
For the fact that commerce is totally down and no one can work or trade or earn an income,the definite thing to do is print more notes to forstall the event of having more goods with no money in peoples pockets which can lead to a detoriation of law and order. Only a demand pull inflation can stabilize the economy by pushing more notes into circulation to balance the ratio.

NwaNimo1:
lol.....mad man.

Inflation nko?

Mad boy what do you know about economy and inflation

Oshigun:


You guys and this your hyper inflation argument. Jeez!!!! Can you not see what is obvious? What use is a weight loss diet to an obese man about to die?

Is it not prudent to first keep the obese man alive so he can worry about diet and loss weight in future?

Don't you guys get it that we have never been in this situation in the modern era and that things might have to be about survival first and everything else second?

Unless people want to remain unreasonable, because the name Tinubu is in the mix, then it should be fairly obvious to everyone that inflation is not a consideration in a survivalist setting where all national and continental economies are distressed at the same time!!!!

Who would have thought Italy would ever be in a situation of having to let some citizens die because of the need to prioritize who lives due to insufficient availability of ventilators? Is it not only those alive who would worry about inflation?

Can anyone tell me Italy would not even accept fantabuloustic inflation simply not to be in this dire situation it finds itself currently? Now, compare Italy and Italians to Nigeria and Nigerians to note whether inflation will be our worry if the worst is happening.

No one would need a self-help injection of cash, via printing new money, more than comparatively koboless Nigeria if others are too economically distressed themselves to bail us out with loans. They can help with supplying us essential items but how do we continue to create the incentive to keep vital socio-economic productivity going within Nigeria under a lockdown where likely 80% of Nigerians, to include many family breadwinners, are not earning an income?

https://www.google.com/search?q=survivalist+meaning&oq=survivalist+&aqs=chrome.1.69i57j0l3.8848j0j4&client=ms-android-huawei-rev1&sourceid=chrome-mobile&ie=UTF-8

They are just too dumb to know it.

Sa2ruis:
It is obvious that this man does not understand anything about economics. First of all, the US dollar will pay a price for all the new dollar bills that will be printed. Over time, the dollar will tend to lose its value. But then, the US economy will still survive it because of several advantages; they are the NO 1 producers in the world and the dollar remains the NO 1 currency of international trade. So other nations will still seek the dollar and this will counteract the potential loss of value that would come from this bout of quantitative easing.
Nigeria can not go the same route except we want to go the way of Zimbabwe or Venezuela. This is because we do not produce anything of value, we virtually import everything we consume. That means should our govt print more naira, it would result in an inflation better imagined. This is because all that naira would be used by nigerians to pursue dollars which are already relatively scarce. This would crash the value of the naira.
The only way out of the looming economic crash is for us as a matter of urgency to cut down the cost of governance, encourage Nigerians to shun their acquired tastes for imported products and services and diversify our economy into areas like mining.

Are you kidding me? Diversify economy into mining? If only it take two weeks to excavate for minerals and derive money from them then you have a point because around two to three weeks is all Nigeria has before this lockdown begins causing real problems such as we have never seen before.

No one is saying printing money is our savior but it is a sound option, touted by world class economists, not to be discounted merely because Tinubu mentioned it.

The fact is that anyone trying to discredit or insult Tinubu, as you do in the first few lines of your post, is just being emotional or reactionary and not logical. I have shown a current article where economic experts, discussing specific options to combat the economic havoc Covid-19 can wreak, back printing money as an option.

Do you and others here know more than those people or are you just rushing in to attack the messenger without inspecting the message? Why would you even talk of diversifying economies, when that takes years, in a situation that can snowball terribly in a week?

I am afraid you are the one who does not understand anything about 'economics' and not Tinubu.

Inflation in lockdown

NwaNimo1:
lol.....mad man.

Inflation nko?

aragonchuks:
Sometimes I wonder who votes this clueless politicians into power that don’t even know Economics , just imagine someone father , grandfather and leader vomiting nonsense without thinking about inflation .. As one Imam said currently “ONLY FOOLS CAN VOTE A BIGGER FOOL INTO POWER “.

Bros nah all of us gather vote for them ohh

NwaNimo1:
lol.....mad man.
Inflation nko?

You and your generation are mad.

Alezy:
They should print more so toy can steal....idiot

I texted you a message the other day, did you get it?

VolvoS60:


Interesting thread.

For some reason the full press statement itself is not available online - so all we have to work with is this brief extract on increasing money supply. And work with it we will.

The man's online hagiographers have not provided the full press statement - or references to it. And yet they would have us believe his 'suggestion' is this century's most profound idea. Where is the full press statement?

There is nowhere to hide now. It would have been better for him to concentrate on the NURTW and its affairs - that is his turf and his qualifications and experience in that sordid sub-culture are not in doubt. But macroeconomic policy? Definitely not. High level monetary policy and other demand management tools are not his forte - he clearly has nothing to contribute to that world. His inadequacies will be fully exposed if he attempts to start a policy debate he is woefully ill-equipped for.

This thread must not die. It is worth keeping alive.

A MESSAGE FROM TINUBU ON THE CORONAVIRUS,
A TIME FOR UNITY, A TIME FOR THOUGHT, A TIME FOR ACTION
Today [March 29] is my birthday. I thank God for giving me the life and time on earth he has provided me. He has blessed me beyond the ability of words to describe; I am more than cognizant of His great mercies toward me. I have much to be thankful for. However, this is not the moment for exuberant celebration or light talk on my part. At this moment, it is better that we confer in prudence and wisdom, one to another, so that we can better deal with that which seems eager to severely deal with us.
We have entered a sobering period. We face a challenge we cannot see but one that can find us all too easily. As individuals, this puts every one of us at a startling disadvantage. Each is rendered vulnerable by the reckless act of his neighbour. Each is made safer by the enlightened conduct of a stranger. The very nature of this assailant calls us toward greater unity and kindness.
In the normal push of our daily affairs, we tend to focus on what divides us. We are either APC, PDP or another political affiliation. One person is rich. Another is poor. There is the labourer then there is the boss. One person is of the north, another of the south, with both often acting as if the boundary between the two cannot be traversed. We are of different ethnic groups; these identities mean so much to us that we behave as if the affiliations are the very source of our humanity. In this, we tend to forget God. Even when we worship God, we divide ourselves in ways that too often bring violence to a way of life meant to bring peace and compassion.
But, the coronavirus is now here. If we carry forth in our usual ways, we may well carry ourselves into national disaster. Normal practices will not suffice. We all must do better lest we all fail and suffer the grave consequences of collective failure. We pray that this terrible cloud will pass from us. However, we must prepare for the possibility that it may linger to rain hard upon us.
For the past 11 years, a colloquium was held on my birthday. Each year, the colloquium gathered some of our best minds in both the public and private sectors. They would dissect and explore the weighty issues of the day in order to find solutions to the social, political and economic difficulties that confront our nation. However, the threat of the coronavirus obligated colloquium organizers to postpone the event; we did not want a large number of people gathered in a relatively compact physical space. This was a decision well taken.
It has been a custom at the colloquium that I offer a few comments pertaining to the issue at hand.
In the spirit of the colloquium, I offer these remarks today. In that coronavirus put a brake on the colloquium, I thought it proper to return the favour. I therefore tender these humble comments in hope they contribute to halting the spread and ill consequences of this dreadful sickness.
The foremost imperative is that we recognise that corona is here. We must cast aside the myths that we have comforted ourselves with these past weeks. We told ourselves this was not a black man’s disease. We took false comfort in this self-deception. Well, black people have contracted the ailment; black people have also died from it. We hoped that our hot climate would bake and destroy the virus. That wish now appears too optimistic. We even said our history in dealing with malaria and other tropical diseases granted us some type of immunity. Well, I doubt that immunity exists as there is no scientific evidence supporting this claim. If such an immunity exists, it is at most incomplete and so unreliable as to be of no avail to large segments of our population.
The rich cannot bargain with the disease or pay it off. It neither reads bank account statements nor is it intimidated by them. The poor, likewise, are subject to it for it has no mercy nor cares about one’s prior or present hardships. Neither does it seem to study geography. Northerner and Southerner are equally its prey. It will attack those who pray at the altar in church as well as those who face the Qiblah when praying in the mosque. To corona, we are all the same. Thus, to fight corona, we must treat each other the same, as brothers and sisters in one national family under one Heaven. For we are of one blood; this crisis is a stark warning that we must begin to act in consonance with that common humanity.
It is true that we and other African countries are among the nations thus far least affected. However, we must not think this means geography and climate have erected a protective shield on our behalf. At best, these things constitute a partial barrier that may have slowed but will not prevent the growing threat.
China and other Asian nations took drastic, wholesale action to thwart the viral spread. North America and Europe initially took small steps against the virus. Those did not work. Now they are fast implementing lockdowns of whole Cities and closures of key segments of their economies.
We must be prepared to do the same, though it is alien to our communal culture and way of life. Let us be frank. The public health care systems of developed nations have been overwhelmed by this virus. They are running out of equipment and healthy doctors. Our public health care system is much smaller and less equipped than those in Europe and North America. We cannot afford to put undue pressure on our system because it cannot bear the great weight of a pandemic. Thus, it is incumbent on us to thoroughly implement and obey social safety and distancing techniques so that we halt the spread of the disease and keep hospitalisation to the barest possible minimum.
Second, limit your social contacts. Unless for necessary matters, one should not venture out. To purchase food is essential. To redo one’s hair or go to a bar for a drink are not.
Places like banks offer needed services such as cash withdrawals. But they should limit the number of customers in the bank at any given time. Supermarkets and grocers should do the same.
We should continue to postpone sporting events, weddings, and other large gatherings. Funerals, if they must take place, should be attended only by small numbers of family members.
While we put aside the large events for now, we must do better looking after our fellow man. Please check on a neighbour. Make sure the elderly near you are well and have food and water.
Use this moment to teach your children about compassion and the traditional values of care and concern that often get diluted in our rush toward modernity and growth.
Not only is the coronavirus a health and medical problem, it will bring heavy economic costs. China and the West face severe economic contractions. Cities are shuttered. Multiple industries have closed. Millions have suddenly been rendered jobless. Supply chains have busted. Economic activity is a fraction of what it was just a month ago. Deep recessions are forecasted. Some experts fear depression now tracks the world down. Governments worldwide are responding by embarking on unprecedented stimulus packages to keep their economies afloat.
The Chinese are pumping untold trillions into their financial markets and productive economy. The most austere large nation, Germany, casts aside its constitutional prohibition on deficit spending to enact a historic, unprecedented fiscal stimulus package. The free-market Tory government of Boris Johnson has abjured his conservative upbringing if but for this harsh moment. His government is launching a fiscal stimulus unseen in the UK for decades. Likewise, the Bank of England vows to pump as much money into the financial market as is needed to unfreeze it and get it working again.
The conservative Trump government also abandons its laissez faire ideology in the face of this exigency. Trump wants to give 2 trillion in fiscal stimulus and this will likely be just the first tranche. The Federal Reserve has announced an aggressive monetary policy to bolster the financial sector. This is atop the two trillion the Fed already promised.
In the end, do not be surprised if the US government injects over five trillion new dollars into the economy in the months to come. This would represent 25 per cent of last year’s GDP for that nation. Moreover, the US economy is also enacting various forms of debt moratoria such as forbearance on rental payments for struggling families and small businesses to tax relief of various types for companies large and small.
This is truly an eye opening endeavour based on lessons learned from the 1929 Great Depression when government failed to appropriately act and the 2009 Financial Crisis when governments acted in time.
The lesson learned is that a government has the sovereign power and requisite duty to intervene in the economy in order to stave calamity. To aid in this task, a government has the unlimited ability and again public duty to issue as much of its own currency as needed to quell shortage and buffer the populace from hardship.
We, fortunately, are not at the stage where we need to implement such strong economic measures; however, we should be preparing a response for that urgent moment may fall swiftly upon us. In doing so, we must be guided by the same lessons other nations have followed. When it comes to expenditures that can only be made in dollars, we must be extra careful. Dollars now come at a steep premium. However, when it comes to expenditures that can be made in naira, government cannot afford to be bashful or reticent when the need arises.
Already, the price of oil has fallen to less than 30 dollars a barrel. This will bring a dollar shortfall. This does not, however, necessitate a corresponding shortfall in public sector naira expenditures. The US controls dollar issuance. We control naira issuance as is our sovereign right. Just as America has used its sovereign right to issue its currency to stave economic disaster, so too may Nigeria issue naira for the same purpose.
While individuals, companies and even state governments can go bankrupt during hard times, the federal government cannot become naira insolvent because it has the ability to issue our national currency. He who holds the printing press is never insolvent. The most serious concern and limitation on federal naira spending is not insolvency but inflation. Consequently, should circumstances require increased spending, we should not hesitate to do so; but we must keep the watchful eye to ensure inflation does not climb too high. However to save both lives and livelihoods during a moment of historic emergency, a touch of extra inflation from enhanced government spending is a small price to pay. In fact, it is a price that must be paid. The alternative may be a harmful deflation which historically has proven more difficult to tame and cure than a small inflationary increase.
In all of this, the international financial institutions such as the IMF and World Bank must be cooperative and forward-leaning. These institutions must discard their mainstream orthodoxy of fiscal austerity which will straitjacket and injure nations like ours. They must encourage nations to engage in economic stimulus. Moreover, they must suspend debt repayments for poor and developing nations and begin to fashion a plan of partial debt forgiveness for indebted nations.
Below are a few preliminary thoughts on the economic action we might take should the coronavirus mortally threaten our economy.
1. MAINTAIN GOVERNMENT EXPENDITURES: The natural instinct will be to reduce spending. Such reductions may be prudent for individuals and households. For government to move in this direction only feeds economic carnage by amplifying economic hardship. Prudent fiscal policy is generally “countercyclical.” As the private sector shrinks, government does more.
At minimum, the federal government must stick to its Naira budgetary expenditures. In fact, government should increase Naira expenditures by at least 10 – 15 per cent during an emergency.
Allocations to state and local governments should be included in this addition. If not, we risk subnational recessions in important sections of the country.
2. GOVERNMENT PROJECTS: If the virus is largely kept from becoming a widespread public health menace, government should accelerate spending and actual work on key infrastructural projects particularly regarding transportation. This will lower costs while bolstering the economy by generating employment and business activity.
If the virus does become a large-scale public health challenge, more funds should be allocated to the health sector.
3. TAX REDUCTIONS: Government should announce a tax credit or partial tax reduction for companies or firms. VAT should be suspended for the next 2-4 months. This will help lower import costs and protect against shortages.
4. FOOD SECURITY: We need to protect the people from food shortages and high prices. As such, we must quickly improve farm-to-market delivery of agricultural produce. Also, government should initiate a crash programme to decrease spoilage of agricultural produce by construction of storage facilities in local marketplaces in and around major cities and towns throughout the country.
We must establish a strategic grain reserve. Government should help ensure supply by establishing minimum premium price for certain food products.
5. LOWER INTEREST RATES: CBN should lower interest rates to spur borrowing and private sector activity.
6. QUANTATIVE EASING: CBN and other financial regulators should be alert to signs of fragility in the financial markets and banking sector.
The Central Bank should be prepared to enact extraordinary measures should the financial sector exhibit stress. The CBN should be prepared to give banks liberal access to its loan discount window to ensure adequate liquidity within the banking sector. The Cash Reserve Requirement for banks should be revised downward.
Also to ensure liquidity, the CBN should be willing to expand its balance sheet and improve liquidity by purchasing government bonds and other instruments held by banks and other institutions.
The Nigerian stock market is falling. CBN and others should be planning how they might intervene to prevent a potential run on the stock market. Potential measures include expanding Quantitative Easing to enable the Central Bank to purchase strategically important instruments trading in the stock market and instituting a moratorium on margin calls.
7. EXCHANGE RATE: The Corona crisis will shrink the inflow of dollars. Hopefully, this is temporary, no more than a few months. CBN can allow some downward pressure on the naira without energetically intervening to defend the exchange rate. Only if and when the rate seems that it might dip precipitously should the CBN intervene.
The Bank may want to revisit its decision prohibiting non-institutional Nigerian dollar holders from participation in Open Market Operations. Greater leniency will bring more dollars into the CBN.
8. DEBT SUSPENSION: If economic trouble does come, government must be willing to freeze payment of certain consumer-related private debts. Evictions, foreclosure and light and water cut-offs might have to be suspended. Suspension or partial reduction of payment of school fees for our most indigent families must be considered (that is when schools reopen) while government offers temporary support to the schools themselves.
9. INCREASE STIPENDS TO THE POOR: We must be ready to increase stipends to the poor. We do this by widening the net, substantially increasing the number of recipients of anti-poverty stipends.
In conclusion, I proffer these measures not as some comprehensive solution. I hope these ideas spark needed dialogue about the ways we may need to employ to protect our nation from assault by the coronavirus. I do not know if such a confrontation shall come. What I do know is that wise preparation will carry us close to victory. Unity, compassion and brave implementation of good policy will take us the rest of the way home.
We shall not go down. We shall rise

fyneboi79:
Are you an economist? What makes him a mad man?
For the fact that commerce is totally down and no one can work or trade or earn an income,the definite thing to do is print more notes to forstall the event of having more goods with no money in peoples pockets which can lead to a detoriation of law and order. Only a demand pull inflation can stabilize the economy by pushing more notes into circulation to balance the ratio.

Thank you. Amazing some people are talking in ignorance of the reality of Nigeria. Let hope they don't get to learn the hard way simply because they feel duty bound to oppose everything Tinubu says instead of looking at issues dispassionately for once.

Some very rich and economically buoyant nation are already printing money, albeit intangibly, with the nature of never-seen-before paliatives they are providing.

The UK, in modern memory, has never directly paid cash to the self-employed as they are about to do now as a palliative to keep families of self-employed breadwinners afloat. What do people imagine this to be if not an emergency survivalist response and the type cash-strapped Nigeria does not have the option to provide?

In fact some of our governor are actually using Covid-19 as an excuse to not pay wages!!! Incredible!!! Nigerians make me laugh because of their fondness for blind argument borne of sentiments.

Other nations are working to put cash in the hands of their citizens while our leaders are saying they cannot pay wages. Some are here forming economists when their main aim is simply to insult and discredit Tinubu without inspecting his message allied with the reality of Nigeria as set out below.

Others are working to offer hope and our Governors are slamming the door in the face of Nigerians. Nigeria is a joke that was already distressed when oil price fell below budget benchmark recently. We were heading for recession anyway before this Covid-19 lock down in Nigeria because crude had fallen to its lowest level in 16 years. We are not well at all and some are here talking ignorantly about inflation, an irrelevant consideration right now, because Tinubu spoke.

If an area boy is hungry and wants food yet has nothing to offer , like money, to make the seller give him food, what do we think will happen next? These are the simplicities of survivalist argument facing us some are trying to complicate because of hate for Tinubu. God help Nigerians sha.

https://www.google.com/amp/s/tribuneonlineng.com/due-to-covid-19-adamawa-unable-to-pay-march-salary-n32000-minimum-wage-%25E2%2580%2595official/amp/

Oil price hit lowest level in 17 years.
https://www.google.com/amp/s/amp.ft.com/content/d63d0618-6928-11ea-800d-da70cff6e4d3

Esseite:
And when you print more naira notes what next?..
Demand would go very high with limited supply and then hyperinflation sets in...

how would demand for an already surplus commodity go high when there is excess supply?

actually what Tinubu said makes sense alot but in the end its quite useless because we are not manufacturers. Nigerias problems are intertwined abi na interwoven. you cannot solve one and think you did a great job. other problems would come and consume the one you already fixed. its like saying, we are fixing steel industry but you left power aside.

US can afford to do that because their money is ise to facilitate international trade globally.The currency is more like commodity in demand.

MT:
I really need to know as this is not my turf. Why does the the US get away with printing more dollars to save her economy?. Do the laws of micro economic not applicable to US in this case? . Please I will need to be genuinely educated in this area.

Jagaban......the guy need fresh mint to embezzle using corona virus as excuse.

VolvoS60:


Interesting thread.

For some reason the full press statement itself is not available online - so all we have to work with is this brief extract on increasing money supply. And work with it we will.

The man's online hagiographers have not provided the full press statement - or references to it. And yet they would have us believe his 'suggestion' is this century's most profound idea. Where is the full press statement?

There is nowhere to hide now. It would have been better for him to concentrate on the NURTW and its affairs - that is his turf and his qualifications and experience in that sordid sub-culture are not in doubt. But macroeconomic policy? Definitely not. High level monetary policy and other demand management tools are not his forte - he clearly has nothing to contribute to that world. His inadequacies will be fully exposed if he attempts to start a policy debate he is woefully ill-equipped for.

This thread must not die. It is worth keeping alive.

What is most scary is this is the man many are tipping to be the next president

beebello:
Inflation in lockdown

Don't mind them. Those rushing in to attack and insult Tinubu don't appreciate they are only exposing their own ignorance. Who is the madman between Tinubu and the poster you responded to.

Inflation is our main worry in a lockdown where 80-90% of Nigerians are unable to earn a kobo and government is not providing any money for people to spend to survive?

bigpicture001:


OK...its like this...the whole world is in one room( global economy)

And they all have just 50 fowls to eat ( scarce resources)

Now without fighting but with strategies( economics) each country wants more fowl that. The other ( wealth) ppl scheme out policies to get hold of more fowl nd add to their previous no.
If as a competitor,u becom weak nd decide to ad more fowl to ur self buy hoi g outside the room to bring in fowl....

Ur fowl is invalid...

You have to fight hard to retain ur own fowl whilst still adding more to the ones you already own

You nailed it, some of us are allergic to grammar. except we jus wana creat hyper inflation, In a country where govt just announces review of workers salary and prices are already rising in the market we just av to be productive, govt as a lot to do starting a business or been a young entrepreneur is these country is quiet killing, there are no policies to even protect infants from rivalry. smh

Okuda:


how would demand for an already surplus commodity go high when there is excess supply?

actually what Tinubu said makes sense alot but in the end its quite useless because we are not manufacturers. Nigerias problems are intertwined abi na interwoven. you cannot solve one and think you did a great job. other problems would come and consume the one you already fixed. its like saying, we are fixing steel industry but you left power aside.

Eg: Bread is N20 now..

As at today:
Factories are operating with limited staff and production, with fund available, the demand for bread shoots and sky rocket because of limited production, bread price is increased, the printed funds is used up to buy limited bread, then what next?...

Print more money again?....

Okuda:


how would demand for an already surplus commodity go high when there is excess supply?

actually what Tinubu said makes sense alot but in the end its quite useless because we are not manufacturers. Nigerias problems are intertwined abi na interwoven. you cannot solve one and think you did a great job. other problems would come and consume the one you already fixed. its like saying, we are fixing steel industry but you left power aside.

These are the sort of simple questions that some cannot answer thus showing people are just reacting blindly to Tinubu and forming economists when they simply need to educate themselves about what obtains in a 'survivalist economy' where all rules are thrown out of the Windom to ensure the survival of man.

https://www.google.com/amp/s/globalnews.ca/news/6723621/coronavirus-survivalist-economy/amp/