Steveodo's Posts

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Business › Re: Why Can't The CBN Just Print More Money? by steveodo(m): 2:54pm On Sep 05, 2022

Why would you be using logical reasoning instead of fact that you can easily get through research, go to Google and check how much G& grin

produce naira note for Nigeria
_Countries don't print money to make profit
Why do you think the central bank is always against spraying of naira note, it is because it's costly to print and maintain as a matter of fact printing and maintaining of naira note eat up chunk of their budget.

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.

Business › Re: Why Can't The CBN Just Print More Money? by steveodo(m): 11:00pm On Sep 04, 2022

Why are you proud in ignorance,seigniorage can go both ways, is either the government loss or gain, make research on how Much D&G produce 1000 note.

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

Business › Re: Why Can't The CBN Just Print More Money? by steveodo(m): 9:39am On Sep 04, 2022

It will interest you to know that the amount paid for production of 1000 note is more than 1000. For instance it may take a country 1100 to print a thousand note of her currency. It's called seigniorage

Science/Technology › Re: Man Shocked As Water Mysteriously Gushes Out From Suspended Kettle In Ogun (vid) by steveodo(m): 4:29pm On Sep 01, 2022

I have the same thing in my living room, though mine is not kettle but a tap.
The pip holding the kettle transport the water from the fountain to the kettle, the water then escape from the kettle through the gap between the pip and the kettle.

Crime › Re: New York Police Officer Punches Woman In The Face During Arrest (Video) by steveodo(m): 4:20pm On Sep 01, 2022

You are not seeing well, reduce garri intake

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

This I have seen.

1 Like

Politics › Re: Man With 34 Children, Four Wives Promises Block Votes For Atiku (photos) by steveodo(m): 10:25pm On Aug 25, 2022

They should continue giving birth in numbers because of elections, na them go suffer food crises, insecurity, inflation pass.

Romance › Re: I'm Scared To Ask Her For Sex by steveodo(m): 4:59pm On Aug 19, 2022

Remain like that, it's not a must to touch her

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..

2 Likes

Politics › Re: Dino Melaye: Peter Obi’s “Obidient” Movement Mere Euphoria, Can’t Win Election by steveodo(m): 12:39pm On Aug 14, 2022

This one that can not win primary election for himself want to win presidential election for Atiku

2 Likes

Politics › Re: Chimaroke Nnamani: Tinubu Most Successful Governor In Nigeria by steveodo(m): 3:45pm On Aug 10, 2022

This men has no shame, chamaroke that his assets( Cosmo fm) was seized because of stealing has the guts to talk about leadership

Politics › Re: INEC Backtracks, Recognises Lawan, Akpabio As Senatorial Candidates by steveodo(m): 4:22pm On Aug 09, 2022

2023 election is not safe with this decision

1 Like

Politics › Re: Zack Orji Declares Support For Tinubu (Video) by steveodo(m): 9:18pm On Jul 30, 2022

The highest he can do for TInubu is his vote. That's all

Politics › Re: Idris Wase: No Government Has Touched Lives Of Ordinary Citizens Like APC by steveodo(m): 10:05am On Jul 29, 2022

Absolutely true, they touched so many lives by sending them to their grave Early. Useless people

TV/Movies › Re: BBNaija Housemate, Eloswg Wears "Be Obedient And Useful" Dress In The House by steveodo(m): 8:49pm On Jul 28, 2022

Reno, over to you

Politics › Re: Atiku Once Depended On Me To Counter Obasanjo – Sowore by steveodo(m): 7:17pm On Jul 26, 2022

steveodo:
Not anymore, wake up weree

Politics › Re: Atiku Once Depended On Me To Counter Obasanjo – Sowore by steveodo(m): 7:17pm On Jul 26, 2022

Not anymore, make up weree

Politics › Re: Many Priests At APC Unveiling Of Shettima As Tinubu's Running Mate (Photos) by steveodo(m): 5:35pm On Jul 20, 2022

Bishops without church

Politics › Re: Incorporate Our Interest Or Lose Bloc Votes – Herdsmen To Atiku, Tinubu, Obi by steveodo(m): 8:34pm On Jul 19, 2022

This useless people keep threatening Nigerians with block they don't even have.

Romance › Re: My Soon To Be Wife by steveodo(m): 2:33pm On Jul 16, 2022

Hyper tension in the making.
It will interest to know that whatever you can't stop in courtship will multiply in marriage . Speaking from 4 years xperience in marriage

Romance › Re: My Soon To Be Wife by steveodo(m): 2:32pm On Jul 16, 2022

Hyper tension in the making.
It will interest to know that whatever you can't stop in courtship will multiply in marriage

Celebrities › Re: Adekunle Gold: I Was Born With Sickle Cell Disease by steveodo(m): 9:36am On Jul 16, 2022

I hope say Simi na AA

Career › Re: Can I Sue My Employer For This?? by steveodo(m): 6:52pm On Jul 05, 2022

It's better u look for a building site and work than working for 10k in a whole month.

3 Likes

Family › Re: How Do You Handle This Type Of Situation? by steveodo(m): 7:42am On Jul 02, 2022

No, there won't be need for that.
Thank you sooo much, I appreciate you.
This reply have done justice to the situation.

Politics › Re: 2023: Sowore Unveils Haruna Garba Magashi As His Running Mate by steveodo(m): 3:11am On Jul 01, 2022

This mad man again

Politics › Re: Why Can't An Igbo Man Be The President? - Pastor Paul Enenche by steveodo(m): 5:49pm On Jun 29, 2022

Use your mouth to say God forbid, Tiv that has rendered BENUE state almost useless, a backward state like BENUE shouldn't be talking of ruling Nigeria, prove you can by developing BENUE state.

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

Politics › Re: 2023: Tinubu Is My Preferred Successor - Buhari by steveodo(m): 4:25pm On Jun 21, 2022

Just like Jose Mourinho
Buhari is playing the Mind game ,

Politics › Re: Mass Exodus Hits APC In Katsina, Sokoto, Bauchi by steveodo(m): 11:16am On Jun 21, 2022

Typical northern politics

Celebrities › Re: 98% Of Married Men In Nigeria Have Girlfriends- Bbnaija's Boma by steveodo(m): 6:27pm On Jun 17, 2022

U mean to say 98% of married men in your circle? I will not be surprised because birds of the same feather flocks together.

1 Like

Celebrities › Re: Portable Welcomes Newborn Baby With His Baby Mama (Photos & Video) by steveodo(m): 6:51pm On Jun 15, 2022

Spraying naira note with bacteria � and fungi on new born baby is wrong biko

Romance › Re: My Trip To The Market With My Landlord's Son... by steveodo(m): 11:28am On Jun 04, 2022

A 19 years old having exes already, only God know how many ex you will have before marriage.

Technology Market › Elon Musk’s Starlink Licensed To Operate In Nigeria by steveodo(op): 7:21pm On May 28, 2022

Elon Musk, the billionaire tech tycoon, has announced that his satellite Internet service, Starlink, has received approval to launch in Nigeria.

On Friday, Musk announced this on Twitter, announcing that Starlink has been granted licenses to operate in Nigeria and Mozambique.

He merely wrote, "Nigeria and Mozambique have approved Starlink."

The Nigerian Communications Commission verified this in a statement, revealing that the service has secured two licenses to begin operations in the country, according to Nairametics.

Health › Re: Abnormal Growth On My Forehead And Wrist by steveodo(m): 3:31pm On May 20, 2022

Go and check your uric acid

Politics › Re: 2023: Nobody Will Steal Money Under My Watch As President Of Nigeria – Atiku by steveodo(m): 8:26am On May 15, 2022

How can you "Atiku" stop people from doing what you are known for (stealing), as testified by your former Boss (Obasonjo), even if you mean this statement cama will definitely do to you what you did to Obasonjo.

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