jeffizy:
It's nice to raise your concern.
But printing more money will lead to inflation.

scofieldsimba:


The money won't be used to pay salaries na...

But even USA and other developed coutries tried it and it worked...

I remember one article by BAT on this same issue.
The point is our economy is going down and I just feel we urgent steps else......

scofieldsimba:


The money won't be used to pay salaries na...

But even USA and other developed coutries tried it and it worked...

I remember one article by BAT on this same issue.
The point is our economy is going down and I just feel we need urgent steps else......

stevecantrell:
Its called quantitative easing.

kaybams1:


That's not quantitative easing. Quantitative easing is when the Central Bank decides to increase money supply by buying long term securities from commercial banks and the private sector in a bid to reduce long term interest rates. Normally when they want to pursue an expansionary monetary policy, they target buying short term securities in a bid to positively influence money supply. But at times when interest rate becomes too low in recessionary periods, They can't increase money supply through that method. They then target the buying of long term securities such as bonds and all so that long term interest rate can fall in the long run. When it does, other interest rates follows suits and money supply increases.

No Central Bank in the world prints more money to battle recession because money itself have no value if its not backed by something of value. I hope have tried to shed more light.

scofieldsimba:
I just want to know if it is right for our Central bank to print more monies in order to heal our wounded economy..


We are deficit infracstructurally. I think it won't be a bad idea if there is a special fund created by CBN to build roads,improve power, improve health care, and create more industries..

I heard most countries at some point in time had to resort to this....

Seasoned economics in the House, I need your contributions..

Cc
Tonye barcanista
Lalasticlala

scofieldsimba:


The money won't be used to pay salaries na...

But even USA and other developed coutries tried it and it worked...

I remember one article by BAT on this same issue.
The point is our economy is going down and I just feel we need urgent steps else......

tonytony208:


It can only be done in secret and not in open.

scofieldsimba:
I just want to know if it is right for our Central bank to print more monies in order to heal our wounded economy..


We are deficit infracstructurally. I think it won't be a bad idea if there is a special fund created by CBN to build roads,improve power, improve health care, and create more industries..

I heard most countries at some point in time had to resort to this....

Seasoned economics in the House, I need your contributions..

Cc
Tonye barcanista
Lalasticlala

dultmax:
goods and services produced in an economy are the key determinant of the value of a country's currency. Nigeria has a country lost its chances to improve its economy and add value to its currency when the price of crude oil rises to about 140$ per barrel. what this means is that the country earns more dollars (which is the center piece currency in the forex market) and as such should have a high impact on naira. However, naira does not appreciates during these years and this actually goes against economic indicators. However the only factor that can be responsible for these means that as the country is earning more dollars, so also is something taking away the dollars from the country and that is another concept of money laundery. in simple terms, the country now sell crude oil around 50 dollar per barrel which is the reason for the sharp decline in the nations revenue base and a reason why we need to source for another means to earn dollars which they now call diversification. The economy will fix itself if other sectors like Agriculture, Mining, can be developed . printing more money will devalue our currency and thats inflation.

tonytony208:


It can only be done in secret and not in open.

dultmax:
goods and services produced in an economy are the key determinant of the value of a country's currency. Nigeria has a country lost its chances to improve its economy and add value to its currency when the price of crude oil rises to about 140$ per barrel. what this means is that the country earns more dollars (which is the center piece currency in the forex market) and as such should have a high impact on naira. However, naira does not appreciates during these years and this actually goes against economic indicators. However the only factor that can be responsible for these means that as the country is earning more dollars, so also is something taking away the dollars from the country and that is another concept of money laundery. in simple terms, the country now sell crude oil around 50 dollar per barrel which is the reason for the sharp decline in the nations revenue base and a reason why we need to source for another means to earn dollars which they now call diversification. The economy will fix itself if other sectors like Agriculture, Mining, can be developed . printing more money will devalue our currency and thats inflation.