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Nairaland Forum / Nairaland / General / Politics / Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money (20479 Views)
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Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by InfoGuru118: 7:16am On Mar 01 |
Governor Alex Otti of Abia State says the reason we are experiencing incessant free fall of the naira was because the Federal Government printed too much money in circulation.. https://platinumtimes.ng/too-much-printing-of-money-by-fg-reason-for-free-fall-of-the-naira-gov-otti/ 59 Likes 9 Shares
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Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by InfoGuru118: 7:16am On Mar 01 |
InfoGuru118:
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Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by otipoju(m): 7:24am On Mar 01 |
Those concerned can not listen to counsel. 61 Likes 4 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by bigpriik: 7:26am On Mar 01 |
they will come and attack him now just watch. 110 Likes 9 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Amotolongbo(f): 7:33am On Mar 01 |
Simonjef:Because the very larger percentage of the money domiciles with the very few percentage of the population 131 Likes 8 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by vastolord4(m): 7:36am On Mar 01 |
Simonjef: Simply because those with the dollars traded some of the dollars for the newly printed naira.. 17 Likes 4 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Houseontherock1: 7:36am On Mar 01 |
Hmm 30 Likes 2 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Sheuns(m): 7:41am On Mar 01 |
Everyone keeps shouting production, production, production. Amenities that will aid production aren’t put in place by the government. A producer in most cases provides his own electricity, water, funds with little or no government supports. How do you expect such factories to survive when there are cheaper imported substitutes? In most cases it is cheaper to import a product and resell than to produce that same product here, simply because cost of production is too high in Nigeria. 143 Likes 9 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Giftedhand47(m): 7:49am On Mar 01 |
They should pump more money into the street 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Lumarstone: 7:52am On Mar 01 |
One thing I like about Alex Otti, the governor of Abia State is that all his educational credentials has no question mark unlike one politician who claimed he made first class degree in accounting without SSCE. 118 Likes 10 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Faiththatworks(m): 7:54am On Mar 01 |
Hi |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Boyooosa(m): 8:08am On Mar 01 |
noobody: Please give more details 1 Like |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by TalkTalkTwins(m): 8:09am On Mar 01 |
Hmm |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by handsomeyinka(m): 8:09am On Mar 01 |
Wrong |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by MANNABBQGRILLS: 8:10am On Mar 01 |
......the major problem we have is financial discipline. We are dealing with an economy where we printed so much money, at the last count, we will be nearing N30 trillion.This is collosal mehn. 50 Likes 4 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Powersurge: 8:11am On Mar 01 |
Simonjef: Perhaps you need tl get a better understanding pf how the economy truly works. 2 Likes 1 Share |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by spencekat(m): 8:11am On Mar 01 |
Lumarstone:Dr.Alex Otti is a first class Economist. 27 Likes 4 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by pocom16: 8:11am On Mar 01 |
It's not about printing too much money.. The naira was floated simple.. A country that imports more than she exports..such a currency can't gain value .. 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 4 Likes |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by H2ho(m): 8:12am On Mar 01 |
Obaseki said it in 2022….we seeing the aftermath now. 28 Likes 3 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by 004gist: 8:12am On Mar 01 |
Buhari an aboki cow.. Came and printed so much money, damaged the economy and went away. Northerners need to look beyond religion when voting. Trying to look at who are more Muslims than the other, trying to look at who visited mecca the more. All this will not lead to good governance. That was how abacha came and took this country low. With debt everywhere and Nigerians where almost on the brink before Obasanjo came and rescued us. Now we are back again to even far below where OBJ took us from courtesy of Buhari and tinubu apc Houseontherock1: Oti remains one of the best governors so far. Have you been to aba, just less than a year, he is now transforming the state. Building road etc. You see otti and zulum they are the best for now. JoshTim: Have you been to aba of late. Try follow most of the this guys on Facebook showing most of otti transformation stories... Like search for kepukeputv on Facebook, modeltv 11 Likes 1 Share |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by JoshTim: 8:12am On Mar 01 |
Kindly ask Mr. Otti what his government is doing in term of inititatives to drive/encourage/attract/part fund local production or them dey forbid state government to create and enable local production?....He should start with Aba; how do we startardize local outputs? 56 Likes 4 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by ImoleNaija: 8:12am On Mar 01 |
Printed too much? Old notes or new notes |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by bigdammyj: 8:13am On Mar 01 |
Noted. |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Brendaniel: 8:14am On Mar 01 |
Houseontherock1: And what is Bola Tinubu and Cardoso doing about it? 7 Likes |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by Splashme: 8:14am On Mar 01 |
So, why is CBN increasing interest rate? The CBN and fed govt know about the fraudulent deals between them but chose to purnish business owners by increasing interest rates. That mumu Cardoso and his thieving godfather in Aso Rock ... Abacha's corruption will be a child's play by the time Tinubu finishes with Nigeria 6 Likes 1 Share |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by MANNABBQGRILLS: 8:17am On Mar 01 |
God bless all sane Nigerians 47 Likes 3 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by sharone21(f): 8:17am On Mar 01 |
When their oga was busy borrowing money, sebi one 1st class oga in same party advised that instead of borrowing they shld print more money..... And since the Finance Minister left and the Asst was more of figure head, it seemed Emefiele had to double as both CBN gov and Minister of Finance, such that sometimes even his policies were not even to the knowledge of the Min of Finance who shld be one that know her office very well and to also advise where necessary. When the chips were down, they all pointed accusing fingers on Emefiele who was trying to save APC from public shame of not knowing how to manage Nigeria well into prosperity. APC is still the problem in Nigeria. Remove the problem and see some gleam of hope. 11 Likes 2 Shares |
Re: Alex Otti Laments Naira Free Fall, Says FG Printed Too Much Money by brightovio007(m): 8:17am On Mar 01 |
Not true Sir, the economy is built on foreign remittance, for instance our loved ones overseas sent money home, likewise internet fraudsters cashing out from client here too. 1 Like 1 Share |
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