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Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible (26463 Views)

Council Of State Asks CBN To Print More Naira Notes Or Recirculate Old Notes / Governor AbdulRazaq Donates 10-Month Salary To Fight Coronavirus In Kwara / Print More Naira Notes - Tinubu Tells FG (2) (3) (4)

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by seunmsg(m): 3:13pm On Mar 29, 2020
kikero:


Printing more naira is not the answer,.as it would make inflation worse

And we have to spend scarce dollar reserves to print the thing. ( Most of it would have to.be printed abroad).

Finally due to falling oil prices we don't have the dollars to.buffer the naira.

What is the answer?

We are locking down the country without providing any means of survival for the people. After a week or two, people will exhaust whatever they previously saved. So, how will they survive?

US and UK have put in place a social security arrangement whereby people who lose their livehood as a result of the lockdown would be paid regularly until the crisis is over. In effect, their local economy will still be sustained despite the crisis.

Can we fund such a massive social arrangement in Nigeria based on our current earnings?

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Urchman200: 3:13pm On Mar 29, 2020
Oshigun:


His advise is only senseless to you IPOBians because you always hate first and think later. Mind your business for once and leave Tinubu alone. Everyone is busy facing their Covid-19 challenges.

You people should do same. At least Tinubu is proferring practical and tangible solutions. What are the drunks and worthless tools you call leaders contributing at this time?

Obi is busy attacking materialism of the elite, as if anyone needs reminding of that, while embarrassingly silent on solutions.

It is becoming obvious why you people are obsessed with Tinubu. Your own leaders are zero so you covet Asiwaju and secretly wish you had him as your oga rather than p0rnstar Kanu, Chinaman Obi and the coterie of fraudsters you currently parade as leaders.
I promise myself not to do tribal arguments if not I would have replied u.

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Adaogwashi1(f): 3:14pm On Mar 29, 2020
Oshigun:


You IPOBians are so unintelligent. A consequence of always hating first and thinking later is the mental affliction you all appear to carry. 5

If CBN prints more money, in what capacity would. Tinubu have access to that cash? Is Tinubu in any office connected to the federal Government. Hate has eaten out cavities in the space your brains should be.
I don't reply unintelligent people like you that only think how to loot public money like their leader Tinubu



I still remain Ada ogwashi cool

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Nobody: 3:17pm On Mar 29, 2020
seunmsg:


What is the answer?

Long term we become less reliant on oil and more reliant on export of industrial products

Short term? Savings by cutting government spending including, but not limited to removing subsides

3 Likes

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Lovelive: 3:17pm On Mar 29, 2020
Totilopussylick:
Tinubu might be right after all smiley

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by ChristianNorth: 3:17pm On Mar 29, 2020
Oshigun:


Indeed. And for jobless and hateful IPOBians too. At this critical time of lockdown when everyone is facing their direct household, local government and State it is sad to see that it is only IPOBians who continue to obsess about Tinubu and the SW without a care about the Corona status of their respective SE states.

This is why their Governors get away with murder to now be acclaimed worst in Nigeria.
According to Yoruba Moslems, Afenifere is IPOB

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Urchman200: 3:18pm On Mar 29, 2020
Oshigun:


Bruv leave those hateful charlatans. Most of them are abroad where Oyingbo is providing palliative their own worthless leaders refuse to provide.

Why won't they then not indulge their hateful souls to be talking senselessly against Tinubu who is the one voice today championing the need to provide ordinary Nigerians with palliative before hunger precipitates total break down of law and order.

Another two weeks of lockdown, with no cash coming in for anyone, and we will see if hungry area boys, with no cash to buy food, will not besiege and storm the mansion of their relatives all across Ala Igbo.

Very myopic people who always hate first and think later.
u are one of the most foolish zomby I have ever known, carrying tinubu matter for head as if ur existence is dependent on him ,get a life ,even ur parents will be very disappointed in u looking at the level their son have descended in ass licking. I don't think tinubu families can be pained like u.

4 Likes 1 Share

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by originalomobaba: 3:18pm On Mar 29, 2020
No matter how wrong it looks like, the unusual needs to be done to safe the economy and MSME.
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Nobody: 3:19pm On Mar 29, 2020
rastaLivity:
Let's be objective pls, how do printing more notes help in sustaining an economy or the fight against COVID19?.
Tinubu is getting too werey for my liking o



That's the person that want to be president of Nigeria

1 Like

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Lastmankc(m): 3:19pm On Mar 29, 2020
one idiota is up there burning his already dead bile blaming ipob.How does this matter concern ipob.Or is Afenifere an ipob group

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Babs91: 3:19pm On Mar 29, 2020
IPOB spoke man has spoken! We Yoruba race love Asiwaju and on his mandate majority of the Westerners stand. We have since demonstrated that in 2015 and 2019 by voting against their wish. Visit south west you'll know who is who between Asiwaju and foolish Afenifere. In fact our people now calling them Afenifebi meaning lover of hunger in the name of politics.
hisexcellency34:

https://www.independent.ng/printing-more-naira-notes-to-fight-coronavirus-an-irresponsible-act-afenifere/
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Lovelive: 3:21pm On Mar 29, 2020
frankmoney:
It's disastrous actually . They should go and ask Zimbabwe that printed more of thier money
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Lovelive: 3:23pm On Mar 29, 2020
manontree:
I doubt the government understand the inflation effect of printing more notes. Ask Zimbabwe
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by seunmsg(m): 3:23pm On Mar 29, 2020
kikero:


Long term we become less reliant on oil and more reliant on export of industrial products

Short term? Savings by cutting government spending including, but not limited to removing subsides

It’s obvious you don’t understand the magnitude of the problem we are facing. Crude oil is currently around $26 and countries are not even buying. Internally generated revenue will dry up in the next two weeks if the lockdown continues. So, how do we save in this situation? We are not generating 50% of projected revenue to start with and we have a huge extra budgetary expenditure to make on this Coronavirus crisis. Where will the money come from?

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Lovelive: 3:24pm On Mar 29, 2020
APCNig:


How did printing more dollars help the US? Are you an Economist or a Chartered Accountant? If No, please shut your dirty mouth. Bola Ahmed Tinubu is a US trained Certified and Chartered Accountant.

1 Like

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Nobody: 3:25pm On Mar 29, 2020
seunmsg:


It’s obvious you don’t understand the magnitude of the problem we are facing. Crude oil is currently around $26 and countries are not even buying. Internally generated revenue will dry up in the next two weeks if the lockdown continues. So, how do we save in this situation? We are not generating 50% of projected revenue to start with and we have a huge extra budgetary expenditure to make on this Coronavirus crisis. Where will the money come from?

The fact that crude is low means not enough foreign cash to print new naira notes in the first place.

It has been tried many African countries. Uganda in the late 1970s and Zimbabwe more recently. And both times it didn't end well. ( Zimbabwe is now using US dollars)

3 Likes

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Skooldeto(m): 3:26pm On Mar 29, 2020
U can only distribute money to still our mandate, but u cant pay to save life,


Meanwhile,, please be your brothers keeper I don't have money to buy food , if corona not kill hungry will kill, please me
Name :Omoniyi Basiru
Access bank :0778851521
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by SenatorJnr02: 3:26pm On Mar 29, 2020
Tinubu is a well known thief and drug baron! How much has he has a person contributed so far? He is speaking trash and may thunder fire anyone here that is supporting him

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Originalsly: 3:27pm On Mar 29, 2020
I'm not surprised.Tinubu would advise to print more money..... his greed for money can no longer be held in check. True.... any country has the right to print its own currency.... how much they want to...... but that money would only have value withing its borders... just as Monopoly money only has value when playing the game.

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by mikmash(m): 3:32pm On Mar 29, 2020
Is he talking about quantitative easing? Helicopter money was use to rescue economnies during the 2009 financial crisis.
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by BabaO2: 3:33pm On Mar 29, 2020
Yinka odumakin doesn't have the capacity to respond to Tinubu's view and advice to the federal government. This is not elementary economics of mere demand and supply.

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by bionixs: 3:35pm On Mar 29, 2020
GamalNasser:
Very irresponsible advise from a very irresponsible looter who know nothing than to hijack Bullion vans of money and drive it into his house with reckless abandon
our leaders smoke so much weed. should that not cause inflation? This tinubu brought disaster upon Nigeria and now he goes with another sinister plan again.

4 Likes

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Burruchaga71(m): 3:35pm On Mar 29, 2020
Is this how this barawo intended to be our president, Onyeara

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Nobody: 3:36pm On Mar 29, 2020
AkpaMgbor:

The topic said afenifere but somehow you perennial buffoons found a way to involve igbos..look at how you've been screaming ipob like a deluded banshee...look at the effort you're taking just to regurgitate your hateful bile and still call others hateful? The guts on you e-charlatans!

Will you shut up you insufferable buffoon. What ethnic group is the OP and first few respondents to the thread from? IPOBians. Case closed. You charlatans should stop obsessing over Yoruba leaders and matter. Then we will leave you alone.

1 Like

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by stickle(m): 3:37pm On Mar 29, 2020
If we read and understand the position of afenifere, the group was not saying the idea is bad but that for the fact that it is coming this earlier in the life of this epidemic is a pointer to the fact that the conutry has be run aground by our leaders and the fact that it may be looted.
Wonder how people who do not understand economy always run to analysis, instead of waiting for people with adequate knowledge to analys and learn.
Tinubu had raised a topic that will be discussed extensively in the weeks to come.
Let's learn and not just talk because of hatred. As at today how many test kits do we have? NCDC are turning down calls from people because they lack capacity and all we can do is to be hulling insults.
Even the topic is sensational.
God bless my country.

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Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by bionixs: 3:37pm On Mar 29, 2020
Oshigun:


Indeed. And for jobless and hateful IPOBians too. At this critical time of lockdown when everyone is facing their direct household, local government and State it is sad to see that it is only IPOBians who continue to obsess about Tinubu and the SW without a care about the Corona status of their respective SE states.

This is why their Governors get away with murder to now be acclaimed worst in Nigeria.
you are still tribalizing issues like this in a time like this? indeed you are so so dumb, senseless and far gone. thank goodness, corona and hunger don't know tribe, dumb and senseless

1 Like

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Tunjoel(m): 3:40pm On Mar 29, 2020
You can check out Paul Alaje (Economist) submissions on Facebook about Corona and the economy.
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by NaMe4: 3:41pm On Mar 29, 2020
AkpaMgbor:

The topic said afenifere but somehow you perennial buffoons found a way to involve igbos..look at how you've been screaming ipob like a deluded banshee...look at the effort you're taking just to regurgitate your hateful bile and still call others hateful? The guts on you e-charlatans!

A lot of guests and members read through these threads and honestly the rate at which some of these charlatans just derail threads, shouting IPOBians up and down is getting really irritating.
Are they actually paid to advertise for the IPOB sef?

Personally, when I read through comments and I see some unintelligent fellow just start ranting such nonsense, it makes the discourse so uninteresting; readers who may have contributed meaningful suggestions or info would just leave such threads.

I wonder if these fellows are just some secondary school kids. I would be highly disappointed if they are fully grown adults o!
I can just imagine if some may be actually married and have to raise kids with such behaviour. Just messed up!

1 Like 1 Share

Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Bigmanpickin: 3:41pm On Mar 29, 2020
seunmsg:


It’s obvious you don’t understand the magnitude of the problem we are facing. Crude oil is currently around $26 and countries are not even buying. Internally generated revenue will dry up in the next two weeks if the lockdown continues. So, how do we save in this situation? We are not generating 50% of projected revenue to start with and we have a huge extra budgetary expenditure to make on this Coronavirus crisis. [b] Where will the money come [\b] from?
You guys are quite something.. Yes the oil money is no more but does that mean we should pack up and call it a day, can't we focus more on producing what we use internally rather than going "that route".
Re: Afenifere: Printing More Naira Notes To Fight Coronavirus Is Irresponsible by Nobody: 3:42pm On Mar 29, 2020
bionixs:
our leaders smoke so much weed. should that not cause inflation? This tinubu brought disaster upon Nigeria and now he goes with another sinister plan again.

What disaster did Tinubu bring to your IPOB land let alone Nigeria? This is what will kill you guys. Always preparing bonfires to roast the leaders of others while you subserviently let your leaders defile you in Ala Igbo. You lot need to mind your business and leave Tinubu alone. He is not even in public office and has not been since 2007.

1 Like

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