₦airaland Forum

PNomsule:
This narrative you are pushing, I beg to differ.

"The Central Bank of Nigeria spent the sum of N58.6 billion to print 2.52 billion Naira notes valued at N1.1 trillion in 2020."

Although we are here to learn from one another, if you can disprove this, then by all means and we would have learnt from you.

ImperialKingJosh:
I used your assessment by you with the explanation of your tagged term seigniorage to elucidate printing cost

ImperialKingJosh:
Bro please...
You're totally wrong in this assessment...
It takes money to print money but not in that perspective..
What it means is... it can take 1billion to print 1 billion..
And maybe 1.2 billion to print 2 billion...seigniorage that's where profits comes in , when production cost is covered

Example ..
I want to make cream, so to buy and set up the factory I need N1m but after setting up I can choose to only produce 100 bottles worth 100k...
I can go ahead to make 1000 and 100,000 bottles to worth cost of startup...
Continued Production cost wouldnt be same as start up cost..
So it took me N1m to make 100k bottles of cream worth N1m...

Now if I need to make another 100k bottles all I need is just labor and material plus some overhead cost like electricity...
But it wouldnt be up to N1m..
Maybe now I spend N100k and make 100k bottles worth N1m..
If Nigeria govt tell you they spent 5 billion to print 2 billion you believe?
Just like they spent 1billion to create airplane logo that till now isn't functional...

The reason they dont accept to be printing more money even when they currently are to finance fed govt on his wastage is cause of the damage it would cause not cause its expensive...
Else logically countries would be printing money on a less destructive material and not paper...

How can you be doing something that the cost is more expensive than the goal?
How is that even logical or reasonable?
It's very unsustainable and absurd.

PNomsule:


Pardon my laughter but I couldn't just help it. See the meaning of seigniorage again my friend and modify your post please.

And by the way, it has never cost more money to print more Naira notes. In 2020, it cost Nigeria N18 to print N100

FalseProphet1:
I see that officer loosing his job, and as a black man, I see him going to jail.

This I have seen.

yemite100:
I want you to advise me on what to do, I'm finding it hard to ask this girl for sex, she has been with me for the past three days now, we sleep together on the same bed but I'm always scared to touch her in the night, even as i type this message she is beside me watching Korean fil
It's really giving me sleepless night, I don't know how to ask her for sex I cant even touch her body..
I need your advice guys..

steveodo:
Not anymore, wake up weree

PDPdestroyer:
Why can't a Tiv man be President?