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Nairaland Forum / Nairaland / General / Politics / Obaseki: "FG Printed 60 Billion Naira For States To Share" (48106 Views)
Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money / Serving Governor Withdrew ₦60 Billion Cash In Six Years ― EFCC / Gloomy Outlook For States As Federation Account Falls (2) (3) (4)
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Obaseki: "FG Printed 60 Billion Naira For States To Share" by film3four: 11:28am On Apr 10, 2021 |
Governor Obaseki of Edo state has said that Nigeria could go the way if Argentina if something is not done now to reposition the economy of Nigeria. He went further to state that the federal government had to print 50-60 billion naira last month and shared to the states to top up on their allocation. https://www.youtube.com/watch?v=IobDyrT_UrQ Obaseki: How Lack Of Funds Forced FG To Print N60bn For States To Share https://dailytrust.com/obaseki-how-lack-of-funds-forced-fg-to-print-n60bn-for-states-to-share 40 Likes 7 Shares
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Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Emmanuelcann: 11:33am On Apr 10, 2021 |
It is Götterdãmerung playing out before our eyes. The unprecedented greed of politicians and impotence of a compromised legislative/judiciary have brought us to this sorry pass. Because of their looting we all have to go down! 128 Likes 4 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by SarkinYarki: 11:33am On Apr 10, 2021 |
Buhari is running Nigeria like Idi Amin ..They are now printing empty fiat currencies just so they can loot but they still don't know the implications of this .....chei there is no hope for this economy again .. Zimbabwe and somalia will be a joke by 4th qtr 265 Likes 16 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by afroedo: 11:35am On Apr 10, 2021 |
where is my share na 3 Likes 2 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Nobody: 11:38am On Apr 10, 2021 |
Most Nigerians don't know what's going on...THIS COUNTRY HAS NO MORE MONEY. They have borrowed last 4yrs to fund the budget mostly recurrent expenditures and now, realizing that they can no longer borrow and no global bank will lend them since the country is heavily collateralized that they have now resulted to illegal money printing to survive. I can't wait for the money to dry up, that's when Nigerians will know truly what regions can survive without federal allocations. 287 Likes 25 Shares
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Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by descarado: 11:38am On Apr 10, 2021 |
They couldn't borrow again. So it's now printing. More devaluation. Inflation tripling When more than half of naija money is used to run Niger govt and economy and her likes. More grease to their elbows for further printing. 126 Likes 10 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by CodeTemplar: 11:40am On Apr 10, 2021 |
If you print more money against a stagnant or recessing GDP, it only gives people a false sense of wealth thereby causing inflation. Govt of witchcraft economics. Their own idea of delivering good governance is that of making some people suffer more to make others greatful and happier. Sort of like a lecturer denying some people their grades to make other look super intelligent. 156 Likes 15 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by lilvicky68(m): 11:41am On Apr 10, 2021 |
Lol..funny people 3 Likes 1 Share |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Earlystar698(m): 11:45am On Apr 10, 2021 |
If 1+1 is equal to 2 then what is the square root of buhari like for Disaster A+ Share for Disaster 80 Likes 2 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by CodeTemplar: 11:48am On Apr 10, 2021 |
oluwazt:In the biblical Egypt when money failed, it was due to draught. Ours is due to greed inspired mismanagement. We have water, rain, fertile land, good whether, crude for energy and many thing going but our money is failing or rather faileth like biblical Egypt. What an error. 38 Likes |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by SmartPolician: 11:57am On Apr 10, 2021 |
I think the best thing that can happen to any Nigerian now is to start saving their money in US dollars. Buhari and his minions have ruined what's left of this shithole. That oldie has been singing diversification since 2015, yet they are still looking for crude oil in the north with Nigeria's hard-earned money. Economically, Nigeria is in deep crisis, but we don't know. Like Obaseke pointed out, people are more interested in 2023 than surviving this year. If the dullard continues to print money, the inflation that will hit this country will be unprecedented. After 6 years in office, I have yet to pick out far-reaching reforms that Buhari and Osinbajo implemented. Railway is not Nigeria's immediate problem; fix our electricity so that people can empower themselves and production companies will incur less cost. If we continue to import, we will keep putting pressure on the US dollars and naira may hit $1/1k before the end of the year. I cannot blame our leaders alone though, I blame daft people who keep them in power just to have their people in government. Una neva even see anything 260 Likes 28 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by SocialJustice: 12:04pm On Apr 10, 2021 |
No wonder inflation is spiking. 36 Likes 1 Share |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by kaludestiny10(m): 12:19pm On Apr 10, 2021 |
Things have truly gotten out of hand in this country. 33 Likes 5 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by NigeriaIsZOO: 12:32pm On Apr 10, 2021 |
Lol, the bastards in government now print money to share as a way of maintaining balance of payments By the time these bastards are done with Nigeria, we will be using buckets and wheelbarrows filled with naira to buy bread 116 Likes 7 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by franchasng: 1:05pm On Apr 10, 2021 |
Northerners have destroyed Nigeria but because Yorubas want to remain as VP or get one of their empty corrupt politician loyal to Northern politicians to become next president have remained silent. Posterity will judge Igbos well because they have been talking, shouting, screaming on top of their voices while other Nigerians watched and laughed. Nigeria is dying oh, Northerners are about to bury the remains of dead Nigeria. Just imagine what these wicked, incompetent corrupt Northern politicians are doing after looting Nigeria's Treasury yet they are always first to shout fight corruption 154 Likes 11 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by jubilee55f: 1:17pm On Apr 10, 2021 |
Buhari is the most useless president on planet earth. Honestly. 94 Likes 3 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by MrSamsung(m): 1:22pm On Apr 10, 2021 |
See I don't blame PMB as much as those person(s), people or groups of people, tribe and region that think that they are wise,sophisticated and political savvy that voted in this disaster, doing so out of sheer wickedness, hatred and tribalism. Without them there is high chance that PMB would not have smell the presidency. I hope and know that they are happy now, because they keep defending this man even here on nairaland in great numbers even going as far as thinking to elect those who were in the forefront in Buhari's campaigns and election in 2023. How can a nation be sooo stupid 74 Likes 4 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by tempest01(m): 2:47pm On Apr 10, 2021 |
Instead of these people to fight corruption and reduce cost of governance, they are ready to run the country to the ground and create problems for the future. The next administration should be prepared to round up these people and chase and recover their assets home and abroad to fund future expenses. 20 Likes |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by dvdwed(m): 3:14pm On Apr 10, 2021 |
tempest01: My brother forget corruption, poverty has pushed many to do desperate things. Buhari and his friends have stolen everything. NNPC refinery have been making losses in trillions. Northerners are using the Abacha theory. 53 Likes 1 Share |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Coldie(m): 4:18pm On Apr 10, 2021 |
No money... No wonder mtn is increasing staff pay, they have so much money stuck in Nigeria and they want to cement staff Loyalty by increasing their pay 6 Likes 2 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by lastmessenger: 4:57pm On Apr 10, 2021 |
And then he takes time to excuse buhari from Nigeria economic doom. Who else is in charge apart from bihari? 30 Likes 1 Share |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Nobody: 5:16pm On Apr 10, 2021 |
CodeTemplar:This is what happens when Pharoah that deceived the masses and religious leaders is on the throne. 9 Likes
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Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Blackfire(m): 5:24pm On Apr 10, 2021 |
If we talk now, dem go ban us, or monitor our line... But hmmmmmmm There is fire on the mountain 5 Likes |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by SniperSmurf(m): 5:32pm On Apr 10, 2021 |
The huge question is what happened to anti corruption? 4 Likes |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by CSTRR: 6:06pm On Apr 10, 2021 |
No wonder the inflation is so high. Too much money pursuing fewer goods. 18 Likes 3 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Nobody: 6:21pm On Apr 10, 2021 |
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Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Nobody: 6:24pm On Apr 10, 2021 |
afroedo:.... E dey throway for ground now ! People dey rush pick dem share ?
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Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by saaron(m): 6:57pm On Apr 10, 2021 |
What do we expect from late buhari's fulani terrorist regime? Make $1=N1? All they care about is their devilish agenda. Every policy of this regime is anchored on fulani ethnic supremacy. Even their economic decisions are heavily rooted on fulanization. They don't mind if the whole country burns to the ground as long as their fulanization agenda is assured. 21 Likes |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Twelfthman: 6:59pm On Apr 10, 2021 |
Lets vote a young person to power. These greedy old politicians are outdated and had no clue about what is going on around them anymore.. That is the only way this country can move forward... If you ask me i will say anyone above 50 years of age shouldn't be vote to power 8 Likes |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by Rugaria: 7:09pm On Apr 10, 2021 |
My own is that I just hope that Buhari will be the last Fulani to rule this unfortunate country! His failure in government is cultural.. , it's a product of his warped base mindset. Nomatter what happens, going forward, a hundred year moratorium should be placed on the Fulanis from every aspect of modern governance in the country! They actually need folks from other? They actually need folks from other forward looking parts of the country to govern them for a while, because let's face it, there are no success stories after all these years they have dominated governance in the country. 37 Likes |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by saaron(m): 7:10pm On Apr 10, 2021 |
jubilee55f:An illiterate like late buhari can spend N90 billion to print N60 billion, just like when he wasted N16 billion to go after Tompolo's N3 billion. Not to mention the $250 million Abacha loot his bloody regime claimed was shared to the poor, only to go and borrow $250 million to fund a power project. Late buhari's regime is not only the most useless on earth, it's the most useless regime in the history of human civilization. 78 Likes 8 Shares |
Re: Obaseki: "FG Printed 60 Billion Naira For States To Share" by saaron(m): 7:14pm On Apr 10, 2021 |
SarkinYarki:What we're seeing is nothing but the LAW OF ECONOMIC DIMINISHING RETURN OF NIGERIA AS A FAILED STATE. Nigeria as a country has expired! The only way out is disintegration. Through disintegration, our new independent republics will fashion out economies that are based on our respective comperative advantages. 48 Likes 3 Shares |
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