₦airaland Forum

BlakKluKluxKlan:
Plus the absurd policy of an oil producing country importing refined oil being without oil refinery !

Acidosis:
They have to keep up with the trend, unfortunately. That's the only way to achieve the goal of the initial increase.

Acidosis:
It will curb inflation. People will be forced to invest their money and idle funds in bonds. treasury bills, fixed deposits, etc. since they're assured of getting 16.5% interest on the minimum. That means fewer money in circulation (supply). When money supply drops, of course, companies and businesses will be forced to drop their prices. That is the positive side.

On the other hand, banks and other lending institutions would rather put their money in secured FG bonds with interest rates of 16.5% or higher than to lend it to the ordinary Nigerian and business owners, who are more likely to japa. This will cause a huge gap in productivity on the long run.

Workch:
Science didn’t make up miracles, you did.
Miracles don’t exist as long as science is concerned

prophetfire:
. The man must be a simp.

PlayerMeji:
See Urchin,
Wetin concern me weda you mention Obi'name or not... Atiku fans don't go about making useless posts upandan so don't blame me if you were easily spotted out as an urchin.

Then FYI, how many serious people do you see on social media...?

Godspowerpro:
I remember that year; Imhotep and Anck su na Mun

PlayerMeji:
Urchin, go and sit down if you don't understand English you can ask gently...

The post is for fact checking and it is not a political thing..

I know you confusion arose from the fact that your principal, Obi seems to be the most that have been busted on this site, that has to do with him always saying go and verify... go and verify...

Verify has verified now... Urchins like you are bitter that it is only your boss that they go to verify his claims.