Zero FAAC contribution for May - NNPC, Obaseki Vindicated

This 3 credit Governor no just one get sense again..

Every country in the world suffered post covid 19 economic meltdown and GDP contraction

While every country is finding was to buffer the hardship, CBN decided to offer a monetary policy that would bailout states from intense hardship due to their zero IGR

.

iammo:




This 3 credit Governor no just one get sense again..

Every country in the world suffered post covid 19 economic meltdown and GDP contraction

While every country is finding was to buffer the hardship, CBN decided to offer a monetary policy that would bailout states from intense hardship due to their zero IGR

.

Lmao he said monetary policy ....you mean printed money to bail out states ?

Do you even know what money is ? Do you even know the definition of 100 naira for example

If federal government printed 60 billion it means they robbed every naira holder 60 billion collectively


Economics should be made compulsory in schools

Igbochief001:

Lmao he said monetary policy ....you mean printed money to bail out states ?

Do you even know what money is ? Do you even know the definition of 100 naira for example

If federal government printed 60 billion it means they robbed every naira holder 60 billion collectively


Economics should be made compulsory in schools

Money was not printed, it's called fiat money.. CBN barely gave states something similar to a credit note and not physical cash, in this case the fiat money would be mopped up with time as economy gets healthier

And to the nonsense you said about robing you of 60billion.. that's bullshit.. our monetary policy gives us right to mint and increase money at 4.5% increase annually if we are to have enough money to capture the value of our economy



.

iammo:




This 3 credit Governor no just one get sense again..

Every country in the world suffered post covid 19 economic meltdown and GDP contraction

While every country is finding was to buffer the hardship, CBN decided to offer a monetary policy that would bailout states from intense hardship due to their zero IGR

.

SHUT UP!

BUHARI IS A USELESS DEAD VEGETABLE WITH BREAD LABEL AS CERTIFICATE

STOP FOOLING YOURSELF ONLINE

,

TinubuGoQuench:


SHUT UP!

BUHARI IS A USELESS DEAD VEGETABLE WITH BREAD LABEL AS CERTIFICATE

STOP FOOLING YOURSELF ONLINE

Why don't you go to threads meant for people like you with similar IQ

iammo:


Why don't you go to threads meant for people like you with similar IQ

SHUT YOUR TRAP THERE!!!

YOU IGNORAMUS!!!

Hmm

iammo:


Money was not printed, it's called fiat money.. CBN barely gave states something similar to a credit note and not physical cash, in this case the fiat money would be mopped up with time as economy gets healthier


.

Where did the money originate from ? He said fiat money ? Bros stop using what you don't understand

Fiat is money .. nothing like fiat money not backed by gold ...naira is not fiat in the real sense because it's backed by dollars

CBN manufactured money from air without it being backed by any dollar and you are here saying what you don't know

WHO DO ANYHOW GO SEE ANYHOW

Igbochief001:

Where did the money originate from ? He said fiat money ? Bros stop using what you don't understand

Fiat is money .. nothing like fiat money not backed by gold ...naira is not fiat in the real sense because it's backed by dollars

CBN manufactured money from air without it being backed by any dollar and you are here saying what you don't know

STOP DEBATING WITH NONENTITIES,
THEY WILL NEVER LEARN

THUNDER FIRE BUHARI ASS LICKERS!!!

Igbochief001:

Where did the money originate from ? He said fiat money ? Bros stop using what you don't understand

Fiat is money .. nothing like fiat money not backed by gold ...naira is not fiat in the real sense because it's backed by dollars

CBN manufactured money from air without it being backed by any dollar and you are here saying what you don't know

You don't even understand the simple meaning of fiat money? Can't you Atleast google it before embarrassing yourself

Anyways one of the statutory mandate of every Central Bank of the world is printing and minting of currency, whether fiat money ( not backed by commodity) or minted money , most print annually to capture the current economic reality, so money printing is a dynamic thing not static, and CBN did just that, while dunce like Obaseki try to score cheap points

THEIR PAPA LEFT BLOCKOS!

DIA FATHER!!!

iammo:



You don't even understand the simple meaning of fiat money? Can't you Atleast google it before embarrassing yourself

Anyways one of the statutory mandate of every Central Bank of the world is printing and minting of currency, whether fiat money ( not backed by commodity) or minted money , most print annually to capture the current economic reality, so money printing is a dynamic thing not static, and CBN did just that, while dunce like Obaseki try to score cheap points

YOU SAYING TRASH

OmovuduTheBeast:


YOU SAYING TRASH

Obviously your comprehension is based on your level of education

In a debate about simple economics, you could barely string together 3 words

iammo:



You don't even understand the simple meaning of fiat money? Can't you Atleast google it before embarrassing yourself

Anyways one of the statutory mandate of every Central Bank of the world is printing and minting of currency, whether fiat money ( not backed by commodity) or minted money , most print annually to capture the current economic reality, so money printing is a dynamic thing not static, and CBN did just that, while dunce like Obaseki try to score cheap points

Firstly naira is not a real money if u look at it because almost no body would accept it in the international market

Naira is just a receipt of dollars in the nigerian foreign reserve

LMAO you comparing naira and dollars you no really well bro

Naira is not money it's a dollar receipt ... printing receipt when you don't have goods is a crime

Igbochief001:

Firstly naira is not a real money if u look at it because almost no body would accept it in the international market

Naira is just a receipt of dollars in the nigerian foreign reserve

LMAO you comparing naira and dollars you no really well bro

Naira is not money it's a dollar receipt ... printing receipt when you don't have goods is a crime

As long as Naira is a legal tender used for exchange of goods and services then in all sense of monetary value Naira remains a real money.... Countless Countries have their Foreign reserves in Currencies like Dollars and that doesn't nullify it's value in comparison to Gold or commodity backed currency

Should the RMB / Naira currency swap deal pull through, or ECO / Naira deal would you still call Naira a receipt of Dollars

iammo:



You don't even understand the simple meaning of fiat money? Can't you Atleast google it before embarrassing yourself

Anyways one of the statutory mandate of every Central Bank of the world is printing and minting of currency, whether fiat money ( not backed by commodity) or minted money , most print annually to capture the current economic reality, so money printing is a dynamic thing not static, and CBN did just that, while dunce like Obaseki try to score cheap points

So why is govt denying what Obaseki said?

MuyiBinary:


So why is govt denying what Obaseki said?

Because they didn't Print or mint Money ( atleast not in paper form)


If CBN credits your account with 60 billion naira and you received the bank alert, it doesn't mean CBN went to print 60 billion paper money to give you

Igbochief001:

Lmao he said monetary policy ....you mean printed money to bail out states ?

Do you even know what money is ? Do you even know the definition of 100 naira for example

If federal government printed 60 billion it means they robbed every naira holder 60 billion collectively


Economics should be made compulsory in schools

stop disgracing yourself please, go and read what is called fiat money to update your knowledge.

SIRAO:


stop disgracing yourself please, go and read what is called fiat money to update your knowledge.

Fiat is money backed by nothing just Demand

Is naira backed by nothing ? Lmao

iammo:


As long as Naira is a legal tender used for exchange of goods and services then in all sense of monetary value Naira remains a real money.... Countless Countries have their Foreign reserves in Currencies like Dollars and that doesn't nullify it's value in comparison to Gold or commodity backed currency

Should the RMB / Naira currency swap deal pull through, or ECO / Naira deal would you still call Naira a receipt of Dollars

Naira is a receipt of dollars because it's usage is very limited and it's value is backed by dollar and other foreign reserves

No money for BMC!!!

Una think say Oga go put hand for him own pocket?
Meanwhile, because of insecurity, traders cannot trade,
Farmers cannot farm,
Drivers cannot drive
Even okada cannot fly,

So no Roger for inspector.
Half salary for civil servants

Obaseki should pay his IOU

He has used his fat mouth to cause trouble for other governors. By the time CBN began to deduct their gbese from monthly allocation, only Lagos will be able to pay salaries.