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Nairaland Forum / Nairaland / General / Politics / Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money (20433 Views)
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Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by israelmao(m): 8:17am On Mar 01 |
Buhari-led government was the most robotic government on earth which had never been in charge. |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by urbobo20(m): 8:17am On Mar 01 |
Mis management of money is our major problem . if not how many companies do have in Saudi Arabia |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Nword22: 8:18am On Mar 01 |
Educate thirfnnubu because the man is zero economically claiming to have attended Chicago university. |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by richeeyo(m): 8:18am On Mar 01 |
Amotolongbo:Which means it's not in circulation And can't be responsible for rapid inflation rate According to economics |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by samwash(m): 8:19am On Mar 01 |
When Obaseki first accuse Buhari government for printing Naira notes, the then government dismiss the claim, now Tinubu government has started the same printing of Naira notes again. This one come be excess naira printing, moveover we are experiencing naira scarcity in the street, where the money come dey? 1 Like 1 Share |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by VeeVeeMyLuv(m): 8:20am On Mar 01 |
No oga it is the floating that caused it. And the poor management of the borrowed foreign loans and the ways and means printing (both of which a huge chunk upto 90% were brazenly Looted). What we need is a honest, sincere leader of integrity that everyone can rally around to steer this nation out of the miry clay unto the solid rock. When people see fake they know and soon loose interest |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Lovelyn451(f): 8:20am On Mar 01 |
JoshTim:go to Aba and see for yourself....leave the message and attack the messenger 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by frugal(m): 8:20am On Mar 01 |
Simonjef:Politicians are using it to buy up every available dollar that comes into the economy. |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by TOPCRUISE(m): 8:21am On Mar 01 |
That means Tinubu and Cardoso printed more money because some illiterates advised him to do so. ![]() |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Maxtipulation(m): 8:22am On Mar 01 |
APC govt no dey hear advice if you tell dem something for right ear e go follow left ear comot ![]() |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by optimusprime2(m): 8:22am On Mar 01 |
For once... a person with a brain has finally spoken. 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by TheBillyonaire: 8:24am On Mar 01 |
Otti is wrong here, he is a professional banker and therefore the standard opinion is mundane. The idea that inflation is caused by excess liquidity in the system and must be mopped up using taxation is not what is happening at the moment. In fact, there is no excess naira chasing after goods. The challenge is that we realized that Naira is a product and dollars is the store of value. So, instead of selling goods and services, why not just buy, store and sell money? People started buying, storing and selling money. We even buy, store and sell, not just dollars, but we are also selling naira, bitcoins, ethereum, and every alt, stable and memecoins. So therefore, while there is artificial inflation caused by our own actions, these cash are stored underground in bunkers, safe, tanks etc etc leaving little cash naira in circulation while inflation persists. I have tailored solutions for this unique scenario, but not everyone will like it, but can surely make a China out of a Nigeria. 2 Likes |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Max24: 8:24am On Mar 01 |
This one has started the blame game. He knows he won't perform up to half of supporters expectations and he is quickly laying down blame tools. |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by MANNABBQGRILLS: 8:25am On Mar 01 |
frugal:Hmmm, this is deep. 2 Likes 3 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by zoghys: 8:26am On Mar 01 |
bigpriik: Attack him for what?. He didn't say anything we're aware of and sincere that's the truth, but then does that mean it is this administration that printed the currency in circulation. Let's not politicise every rational opinion for personal vendatta. The truth whether we accept it or not is that the problem didn't start with this administration and won't end with it. At least he took the bull by the horn and move away from the statusquo to implement a new reform though bitting hard on everybody but a way forward if truthfully executed. |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by kikake: 8:26am On Mar 01 |
[quote author=InfoGuru118 post=128717773][/quote]] -------------------------------------- The large amount of printed Naira is being used by looters to buy off the Dollars in circulation. That gave rise to the free fall of the Naira. But will a government which focuses only on exploitation of oil and gas deposits listen? |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by noobody(m): 8:28am On Mar 01 |
Boyooosa: Follow this link. https://www.nairaland.com/8016083/beware-serial-scammerphone-number-09014566031 To read about his atrocities on nairaland And how he has over 15 Monika's he uses for scam!! |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Splashme: 8:29am On Mar 01 |
pocom16: Oga, too much money in circulation is part of it. That is the reason CBN increased interest rates. . 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by DEmejioba1: 8:30am On Mar 01 |
These people like talking too much, where is the money that is too much? |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by payaseriy: 8:31am On Mar 01 |
Simonjef:print and loot |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by OfoIgbo: 8:32am On Mar 01 |
Houseontherock1: The incompetent and clueless APC governments of Buhari and Tinubu have destroyed the naira. Tomorrow they will start to go chasing around Hausa BDC operators. Thank God that Peter Obi and Alex Otti are around to inject sound fiscal and monetary ideas. 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by DEmejioba1: 8:32am On Mar 01 |
Splashme: When they decide to mop up currencies now,you people will still be shouting shouting |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by unbiased2021: 8:33am On Mar 01 |
JoshTim: I think you should visit Aba before saying this. Visit Powerline, Ariaria. There are other locations but this is the most visible at the moment. What’s your own state producing Mr Man |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by godofuck231: 8:33am On Mar 01 |
Normal toilet paper |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Anguldi(m): 8:35am On Mar 01 |
Who's fault? Buhari or Emiefiele ![]() |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Funkyswagzz(m): 8:36am On Mar 01 |
JoshTim: Kindly ask your president what he is doing in terms of the hardship people are going through in Nigeria with his try and error policy 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by rapheal5(m): 8:38am On Mar 01 |
Until we find a way to increase dollar inflow through more exports..or we cut down substantial amount of import.. the naira will still continue to nosedive.. https://www.youtube.com/watch?v=Ipv0Mt75Ipk[/quote] ...But most of the French speaking country in africa import what they eat from French in excess and their economy isn't that worse like nigeria... 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Nursepepeye(f): 8:42am On Mar 01 |
post=128718393:The financial crime was perpetrated by people you defend and support. So what are you crying 😭 for 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Smartguyboy(m): 8:42am On Mar 01 |
And they were blaming crypto traders and BDC 1 Like |
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