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Nairaland Forum / Nairaland / General / Politics / Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ (20105 Views)
Wale Edun: Only 5% Of Nigerians Have Over ₦500k In Their Bank Accounts / Wale Edun Gets World Bank Appointment / Wale Edun: With Fuel Subsidy Removal, FG Has Ended Borrowing (2) (3) (4)
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Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 9:07am On Aug 23, 2023 |
Willie2015:That's when you do something via government Banks have data of all the legit businesses in Nigeria... It's not rocket science oga Banks list top 20 importers of say cloths You take the list, how much do you need to set up a profitable business manufacturer what you import... He talkes u lend the money to his bank to lend to him and monitor him You don't give people who are not in the business money to start that's not how it works 2 Likes |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by StreetFight: 9:08am On Aug 23, 2023 |
igwebuike01: The same one ge used in Anambra State when he was governor which made him to run away from the state and gude in Lagos after 7 miserable years. 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 9:08am On Aug 23, 2023 |
StreetFight:Lmao.... This is the best u can do? |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by shinealight(m): 9:08am On Aug 23, 2023 |
mrvitalis: PhD my foot. School dropout talking about PhD. Na yam? Rubbish! As for your Papa….have you found him in the gutter yet? ![]() ![]() 2 Likes |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by tolue42(m): 9:11am On Aug 23, 2023 |
mrvitalis: This same Obi applauded Emefile during the currency mop up,he said "its a pain today and gain tomorrow" abi what are you saying here? 4 Likes 2 Shares |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mdimefields: 9:12am On Aug 23, 2023 |
Racoon:All his economic policies so far has been disastrous, from subsidy removal, without carefully creating a fallback, to floating of the naira. It seems Nigerians has to brace up for more economic hardship. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mdimefields: 9:14am On Aug 23, 2023 |
LikeAking:Just imagine such mindset. Una kukuma for turn the country to North Korea, African version, make we all rest. Just imagine |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by jumper524(m): 9:15am On Aug 23, 2023 |
obyno82:wow!! So APC were the ones who masterminded our suffering during election so they can loose the election right? And yet they wailed the most about it. Do you just love to blame people or your just being sarcastic. 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by Khyrvxjzy: 9:16am On Aug 23, 2023 |
Racoon: shut up, don't be a nuisance 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by rajiedreez: 9:16am On Aug 23, 2023 |
Is this ment or what |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by sammytovic(m): 9:16am On Aug 23, 2023 |
You are very correct sir. Nigeria economy still rally round on oil and gas (The reason of no refinery and needless of importing it if there are working refiniries) adecz: 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by BreconHills(m): 9:20am On Aug 23, 2023 |
mrvitalis: I disagree. You are making a choice between growth and inflation as if they were two different things. It doesnt matter how much money you pump into the economy if it leads to 1) increase in cost of good sold and ultimately prices and 2) FX arbitrage as a means of locking in real value. Truth is there is no simple solution because the patient is so ill and the economy so interlocked that you need excessive care lest the patient die on you. Cutting money supply with rein in demand push inflation but like you I don't fully agree with this because 70% of our inflation is imported inflation (aka weak naira) The only solution is improve fx inflow and management. Anything else is giving pain killers to someone with a malignant disease. 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by orisa37: 9:20am On Aug 23, 2023 |
This GOVERNMENT is tending to MISFIRE and continue STUPIDLY with BUHARINOMICS. NO NAIRA IN CIRCULATION, THAT WAS THE REASON FOR 31/12/23 AND FOR WHICH WE ARE GRATEFUL TO THE SUPREME COURT. NO MONEY TO BUY GOODS AND SERVICES IS INFLATION. PRICES RISING UNCONTROLLABLY IS HYPERINFLATION. PLEASE GIVE US NEW NAIRA NOTES. STOP THE CRAZE FOR SPENDING DOLLARS IN NIGERIA. RESTRICT FOREIGN TRAVELS FOR ALL FRIVOLITIES. IT IS GOVERNMENTS RIGHT TO CONTROL PRICES AND BRIGHTEN THE ECONOMY. THE CBN REPORT ITS TREATMENT OF ALL UNFIT NAIRA SINCE 2014 AND PRODUCE NEW NAIRA TO BALANCE UP. PLEASE SEPARATE TINUNOMICS FROM BUHARINOMICS AND LET US KNOW HOW WHERE WE ARE GOING. GIVE US NEW NAIRA NOTES NOW AND BEFORE 31/12/23. THAT'S NO CAUSE FOR INFLATION. FROM ORUNTO27 ORISAORUNTOSPEAKS |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by JimD(m): 9:21am On Aug 23, 2023 |
Yes restricting money supply (loan facilities) is always the sensible way to stop rising inflation. I don't know why it hasn't happened sooner? And why this Emefiele guy was just testing stupid policies. And also removing subsidy was wise but free floating of the naira was a bad move. I don't know if there are no sound economists advising these guys. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by JimD(m): 9:24am On Aug 23, 2023 |
mrvitalis:. Spoken like someone who has no idea of macro-economics. The economy doesn't suffer from a lack of money supply. And ramping up manufacturing is a long term play 5 Likes |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by Greatkenny2: 9:24am On Aug 23, 2023 |
shinealight:Why do you always feel the need to abuse him even when he has kept it simple and mature... Why are you APC yeruba muzlem this senseless and always resort to childish tantrums.... He criticized wale edun's economic plan because emefiele tried almost the same strategy and it failed, I just don't understand you scratched face cretins |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by obyno82: 9:24am On Aug 23, 2023 |
jumper524: This is no sarcasm, who were the proponents of the policy from Meffy? Is it not the same APC people. who encouraged people to protest? was it not the same APC people? The policy from Meffy on paper was simple. you swap the bulk funds in circulation with new notes. you can simply use online and other payment methods for transaction not essentially physical cash |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by komols856: 9:25am On Aug 23, 2023 |
Islie: With 25 Thousand Naira initial deposit. You can become a proud land owner in Epe Lagos. Dm +2348030897019 for more information. Limited plots available for this now.
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Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by jumper524(m): 9:26am On Aug 23, 2023 |
obyno82:it was never a simple policy in reality. Emefiele cut down the notice too short, he even stopped people from depositing their old funds with very limited time frame. 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mdimefields: 9:27am On Aug 23, 2023 |
These people know only how to win an election, but you see governance, it's far from their capacity. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by LordAdam16: 9:28am On Aug 23, 2023 |
JimD: Meffy had to grapple with two recessions. The only viable way to boost economic growth after a downturn is to open the spigot. Don't compare apples and oranges. -Lord |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by JimD(m): 9:32am On Aug 23, 2023 |
LordAdam16: You don't understand what they call a recession bro. Nigeria's GDP has been growing at over 3% since 2021, yet there is high inflation and people are suffering at scale and the currency is losing value almost daily. What do you call that? 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by Ofunaofu: 9:33am On Aug 23, 2023 |
KwuoteYourFada: Emefiele did this same thing but Tinubu and his minions said it was targeted at Tinubu |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by ambale(m): 9:33am On Aug 23, 2023 |
mrvitalis: Your suggestions makes a lot of sense but will thesse people think towards that Imagine hoarding cash again, i pray the economy no go collapse oo with this trial and error style dem dey do |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 9:35am On Aug 23, 2023 |
tolue42:He applauded the idea not the implementation but of course you can't get it na |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by LikeAking: 9:36am On Aug 23, 2023 |
mdimefields: U don’t understand what’s going on. Continue with your Nigerian mindset. Topics lie this are not for you. Our go to Bb Naija thread. If been like North Korea will make life beta no p. Besides North Korea is beta than Nigeria. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by ambale(m): 9:36am On Aug 23, 2023 |
Houseontherock1: Abi ooo, now atleast their mofos will see that no difference, tinubu no get any masterplan rara |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by Willie2015: 9:39am On Aug 23, 2023 |
mrvitalis: It seems u are not in Nigeria... U are talking theories.. ![]() Who owns the banks ? Who determines the manufacturing coys that get loans ? ![]() Govt is the biggest spender in Naija... They determine what goes on to a large extent... Go and check the list of the big boyz on the NPL reports of bank 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 9:40am On Aug 23, 2023 |
Willie2015:The fact u are used to corrupt system doesn't mean it's a norm |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by LikeAking: 9:42am On Aug 23, 2023 |
ambale: How will his assumption help the masses? It’s the same making the rich richer syndrome. Make we look into things well… Don’t tell me they will employ people, because most of their workers are dead broke… Let FG empower the poor via cottage industries manufacturing, agriculture, etc 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by tolue42(m): 9:42am On Aug 23, 2023 |
mrvitalis: You are a liar! Even this administration has reduced companies taxes, instead of giving them money directly. You don't even mention it it your write up 2 Likes 1 Share |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by shinealight(m): 9:43am On Aug 23, 2023 |
Greatkenny2: So, you decided to bring your own foolishness into the matter? Birds of a feather flock together….miscreants parading as knowledgeable people. Just shut your gob, my friend, rather than demonstrate that you have Nothing between your ears. Schmutz! ![]() ![]() |
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