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Nairaland Forum / Nairaland / General / Politics / Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ (20382 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 lexy2014: 1:01pm On Aug 23, 2023 |
fr3do: It's a very simple sturvs |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by lexy2014: 1:03pm On Aug 23, 2023 |
JimD: Is palliative not subsidy? Is subsidy the cause of Nigerias problems? |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by OlujobaSamuel: 1:10pm On Aug 23, 2023 |
CodeTemplar:Hmmmmm, so you sef share the view that shortage in money supply is same with shortage in fiat currency supply?? Plenty people need to go back to economics class. I never believe you sef fit share same view. Btw, fiat cash restrictions is not same with cash circulation reduction. The first is paper money restrictions, you can still buy things or received money online. The other is reducing value of money in circulation, it's an inflation control mechanism. It's done through cost of credit, interest on savings, omo, etc. No one needs to take away the money in your wallet to achieve this. It's not a 1, 2 or 3months act like the cash policy. 3 Likes |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 1:16pm On Aug 23, 2023 |
OlujobaSamuel:Banking is what? Is it not micro economics? Smh |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 1:17pm On Aug 23, 2023 |
OlujobaSamuel:Loan $8 billion dollars simple |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by JimD(m): 1:18pm On Aug 23, 2023 |
lexy2014: People don't need palliatives. What they need is jobs. And by jobs, I means encouraging farming and other low risk high reward macro-investments instead of giving people handouts. Socialism increases corruption. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by lexy2014: 1:21pm On Aug 23, 2023 |
JimD: That's not what I asked. Is palliative not subsidy? Is subsidy the cause of Nigerias problems? |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by OlujobaSamuel: 1:22pm On Aug 23, 2023 |
mrvitalis:You say Continue to dey analyze give your goons wey no know anything. You think sey na by big english. The way you are verbose with words, Dem go think sey you know wetin you dey talk. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by OlujobaSamuel: 1:24pm On Aug 23, 2023 |
mrvitalis:My guy, abeg just stop. Economic theory must be realistic and feasible. What you are proposing is not possible. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 1:26pm On Aug 23, 2023 |
OlujobaSamuel:Nigeria getting $8 billion loan is easy as long as lenders see what it would be used for and how it would be paid back This is what obi said |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 1:29pm On Aug 23, 2023 |
OlujobaSamuel:Oga banking, accounting, marketing, sales, insurance are all under micro economics Go and read oga
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Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by OlujobaSamuel: 1:31pm On Aug 23, 2023 |
mrvitalis:Because Obi said so, it is POssible?? How much will you allocate to other sectors? Agric, Health, Education, Infrastructure (Roads, Power, Aviation) What's the current earnings of the nation to ensure other sectors are adequately attended without borrowings since you are already borrowing $5bn? |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by OlujobaSamuel: 1:35pm On Aug 23, 2023 |
mrvitalis:Talk to an economist around you, Dem go explain give you. 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 1:53pm On Aug 23, 2023 |
OlujobaSamuel:Lmao |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 1:55pm On Aug 23, 2023 |
OlujobaSamuel:U don't need to allocate to any sector... Borrow money to Industries... The rest sector get funded by normal revenue How is this complex? It's called targeted borrowing The money can be made available directly to banks to give the agreed sectors at the agreed rate FB just act as Gurantor U need something to kick start your economy and that's it |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by Themandator: 2:01pm On Aug 23, 2023 |
mrvitalis: I win-win solution to practically solve the problem unlike this standard template from years back that has not worked |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by OlujobaSamuel: 2:11pm On Aug 23, 2023 |
mrvitalis:We are grossing a little above #10tr in a year, and you think a govt should borrow #8tr (80% of its earnings) for a single sector. If you are a finance house, will you give out 8m loan for someone to earning 10m to buy a car, when the person is having so many dependants like children not yet working, full house wife, aged parents that are under intensive care gulping thousands of naira daily, in the name of, when he gets the vehicle, he will be able to work to pay back the loan? |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mrvitalis(m): 2:12pm On Aug 23, 2023 |
OlujobaSamuel:Didnt borrow that to pay subsidy? Why can't we borrow now to kick start our development People who borrowed us for subsidy would still borrow |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by stepaside1: 2:13pm On Aug 23, 2023 |
Buccalcavity2:I share this view 100%. Simple, realistic and honest. Only addition is that Wale Edun as Finance Minister and the acting CBN Governor should work together to ensure achievement of the common goal. No working at cross purposes. 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by LordAdam16: 2:15pm On Aug 23, 2023 |
JimD: The submissions in bold are incorrect. The CBN liberally disbursed interventions and cautiously increased interest rates by at least 600 basis points. You don't have to make up fallacies to back your subjective interpretation of events. -Lord |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by sheffybugatty: 2:39pm On Aug 23, 2023 |
The man is trying to apply the theory that wouldn't work in the case of Nigeria. Old cargoes them.. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by ChiefOkporghe: 2:48pm On Aug 23, 2023 |
mrvitalis: |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by ChiefOkporghe: 2:49pm On Aug 23, 2023 |
mrvitalis: |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by MrB0LD(m): 2:53pm On Aug 23, 2023 |
mrvitalis: Wow.... I'm learning.... This is the same principle some lending platforms use o... They give you money today, they expect interest the next two weeks/ a month. I know they are private institutions, but for the government to still follow that template, nah... A six month grace window will be ideal for any government loan.... |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by omohayek: 2:57pm On Aug 23, 2023 |
StreetFight:Thank you for saying what needs to be said. The clown is fond of uttering meaningless gibberish with an air of authority, even though he wouldn't pass an SSCE exam in the subject with the textbook right next to him. Any attempts at correction whiz right over his head, while all the "likes" he gets from his fellow tribalists and their sock-puppets feeds his ego, encouraging him in the belief that he's anything more than yet another beer-parlor "expert" emphatically spouting half-baked opinions. He even admits that he doesn't have an economics degree, yet feels himself qualified to pass judgements on the qualifications of those who do. The absurdity of it all is heightened by the fact that the tribalistic buffoon thinks the distinction between "micro" and "macro" economics means that there must also be "micro economists" who know nothing about the macro picture, even though it's impossible to get even a Bachelor's degree in economics without at least some acquaintance with both ... 2 Likes |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by Willie2015: 2:59pm On Aug 23, 2023 |
mrvitalis: See the below link... See those folks are partners of even the CBN... Banks go dey patronise them... https://www.nairaland.com/7814023/emefiele-accused-secretly-selling-3.4 |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by omohayek: 3:06pm On Aug 23, 2023 |
OlujobaSamuel:Emefiele is Igbo (or at least regarded as such by the likes of this clown), and that is the only "qualification" that really matters in their eyes. 1 Like |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by CodeTemplar: 3:25pm On Aug 23, 2023 |
omohayek:Your team is scoring zero over ten in real life. The economy is stagnant against growing needs. Deliver now lie you used to say in your old signature. I insist you deliver. |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by oluseyiforjesus(m): 4:18pm On Aug 23, 2023 |
symbianDON: |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by mfm04622: 6:55pm On Aug 23, 2023 |
mrvitalis:Where will you get the money? Do you know the effect of increasing money supply in an economy? Who are you to label anybody ignorant? |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by grandstar(m): 8:05pm On Aug 23, 2023 |
ecolime: |
Re: Wale Edun: FG To Curb Rising Inflation With ‘Cut In Money Supply’ by Mandate1: 8:41pm On Aug 23, 2023 |
hegelian:was this not the same thing Emefiele introduced and Tinubu and his team criticised? The real problem with the Nigerian economy was the over saturation of the system with #1000 notes. That's the real father of inflation. 1000 naira should be scarce like gold. |
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