olax02:
Please comrade, what's ways and means?

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Ways and means simply means printing of money. CBN go print more money be dat

Lajjkk:
If you don't understand this news gather here

They purposely do not fund quality education so that the masses will remain stupid and uneducated while they use biro and paper to steal blindly from the country.

Go out tomorrow and join the protest else your children will be slaves to politicians in Nigeria

Chykason:
Interpretation please?

"Ways and Means", in other words, they want to allow the CBN to print worthless paper present to the unsuspecting masses as real currency. That increase in minimum wage had to come from somewhere, only problem is that in this case, that somewhere is actually nowhere. Basically, what that means is that $1 will go from being #1600 to something like #3000 in a few months. How do I know all this? Basic principles of economics, coupled with the fact that this is precisely what they did in 2021 and $1 went from #360 to more than #550 in just a few months. Anyone who still has faith in this government seriously needs attention from an experienced psychiatrist.

Na small small...

monerozi5590:



Ways and means simply means printing of money. CBN go print more money be dat

👍👍

Support me for treatment with 1k-2k it will go a long way to remove this appendicitis
0107610376 gtb henry uzoma

mytime24:
After walkout
What next🫤
U go still walkin 😄

Why not resign 😔

Important discussion and your joking with it. Prepare for hyper inflation when they eventually succeed in raising it from 5% to 10%.

Chykason:
Interpretation please?

Just read up on ways and means

Chykason:
Interpretation please?

ways and means refers to interventiory ploy use by cbn to mint more currencies so as to finance deficit buget or debt service ....advanced economics don't use this tool cuz of it's detrimental effects and spirals but since we r in a country controlled by Satan apprentices who cares...........loot more to them is gain more ......
Put on ur seat belt ...with 10 percent increase.......#1000 will be #100 .....if u operate expansionary monetory policy ......Rivers ,kano,Lagos,Abuja, Anambra ,abia will suffer for it.....
If u practice contractionary policy......kaduna ,jigawa,kogi,plateau, kwara,benue will regret

Am I surprised? .... Hell NO
Awon eleribu, ole, jegudu jera gbogbo 📢📢📢
# END BAD GOVERNANCE 📢📢📢📢
# Nig is sitting on a keg of gunpowder 📢📢📢📢

Brendaniel:
Tinubu behaving just like Buhari with ways and means

Tinubu and APC supporters shame on all of you...

I understand that it was this same Tinubu that pushed for the "ways and means" even during the Buhari regime. Now that he has direct control over the CBN you can expect the government to continue robbing the masses blind over the next few years. When you cut through all the artificial grammar you will then see this lending for just what it is, robbery in broad daylight.

By d time tinibu finish with this economy u go knw d meaning of shege promax.

alsudan:
More inflation Loading.

E no go better for APC and Thiefnibuu.

APC is an Islamic Fundamentalist party like Egypt's Muslim Brotherhood Party which led to widespread damage to Egypt's economy and ended up with protests against the party about 10 years ago.

Buhari tactfully left a possible 24 years of Islamic rule in Nigeria.
Buhari 8 years.
Tinubu 8 years,
Shettima 8 years.
All to have ample time to create an Islamic Republic of Nigeria.

AntiChristian:
Make them reduce am to 2% ooooo!

WAYS AND MEANS!

May God richly bless upon this analysis and simplicity on the topic, this is the best comment I have read since I started following nairaland, but the only thing i don't understand is your name ANTI-CHRISTIAN

Tjra:
Thieves

Until dem stage walkout against their huge allowances before I take them seriously.




I am sure you don't even know the meaning of "Ways and Means" but as you hear 'staged walk out', your small prick don erect.

I bet u they will be protest in hell if them allow u enter heaven ...Satan workers must protest bcus u need to join them there .....chai see wetin u tell person pikin .....small prick

Pathetic bunch of INSATIABLE THIEVES!💯💯💯💯💯
# END BAD GOVERNANCE 📢📢📢📢📢📢📢📢📢📢

LandMann:


They purposely do not fund quality education so that the masses will remain stupid and uneducated while they use biro and paper to steal blindly from the country.

Go out tomorrow and join the protest else your children will be slaves to politicians in Nigeria

You might have a point here. Let me give an example. I remember in 2021, when the $1 went from #360 to more than #500 over the span of a few months, in addition to what seemed to me like the onset of runaway inflation. It was obvious then that something was desperately wrong(a reasonable assumption considering that the price of crude oil was at its highest price in decades). It was all a big mystery until Obaseki, who had recently decamped from APC to PDP revealed that the CBN had printed some 60 billion of worthless paper and injected this "money" into the National economy.

This discovery led me to engage in a heated argument with an associate of mine, who happened to be uneducated. No amount of logic or explanation, no matter how pedagogical would convince him to move from his stance that the government had done the right thing by injecting so much of this "money" into the economy. As far as he was concerned, that was more money that will find its way into the hands of the common people and therefore it must be a good thing, and it was his illiteracy that prevented him from considering that he might be wrong, so you might be right, maybe they deliberately refusing to fund education to keep most of the masses illiterate and dumb, that way, when such buzzwords as "ways and means lending" gets thrown about the illiterate will take it to mean something other that what it actually is, which is robbery in broad daylight.

Tjra:
Thieves

Until dem stage walkout against their huge allowances before I take them seriously.




I am sure you don't even know the meaning of "Ways and Means" but as you hear 'staged walk out', your small prick don erect.

Really they have done well by walking out. Thanks for calling my attention to it.

I no even understand, na dem get plenty names to steal Nigerians money

Inflation will rise more with this current move.

efemena5050:
in economics ways and means refers to percentage of economic salvage or budget deficit financies allowed by the central bank of Nigeria.....it represent an expansionary monetory tool use to raise money to finance deficit buget or debt service ( printing of money)
.........the resulting effect of 10 percent increase can necessitate further inflationary indices due to expansion in money velocity by cbn

thanks for the explanation

Oliver is groomed to become a thief.

Thesame Ways and Means they accused Buhari government of !!

Ways and means is a way the govt raise money to fund projects in the country by telling the CBN to print more naira notes.

Buhari printed several trillions of naira notes and the consequent effect is the free fall of the naira slightly above the worth of a tissue paper. Increasing it to 10% means printing much more than Buhari printed

Tinubu promised to continue from where Buhari stoppe

Ways and means is a big way government pays for subsidies over the years.

This govt accused Buhari of this same "ways and means" issue and the CBN said it will not longer provide Ways and means to the govt.

With this move, they will print more money and kill the value of the naira, increase inflationary trend and have enough to loot.

Anyone expecting anything positive from Tinubu's govt is delusional

KingLennon:
The business of way and means is the process by which the government acquires the necessary finance required to fund its expenses or budget.













People are suffering and the government is looking for more funds to loot . And they even want to raise it by 10%, that is x2. This government lacks conscience and human empathy walai

The so called NLC did not envisage all these for the paltry #70k they agreed to and they said the Presidency said if he is to pay #250k then they have to increase fuel price!!!!
A government that says subsidy is gone is telling you they will increase fuel price!!!
They have not yet started paying the #70k the price of fuel is now almost #1k per litre. Now they want to increase ways and means!!!
The protest should be taken to the doorsteps of these fellas and let them be feel the heat.

Excellent, it's pleasing that most comments on this thread understand the meaning of Ways & Means.

The press and internet has done its job. So nobody will be caught unawares.

Good Luck to Nigeria.

Lol....
Just like the change of the national anthem that the discussion started like play like play bybtedting the waters first, these people are toying with the ways and means.
I have said it many times here, this government, after exhausting foreing borrowings, will turn to ways and means or additional taxation as the only other options left to battle the self inflicted economic disaster. Additional Tax is a no no for now, leaving just one option. The same ways and means they had lampooned Buharis administration for several times.

The government is about to begin to borrow from CBN through ways and means again hence the discussion to increase the limit id being tested at the Nat. Assembly.

The type of inflation that will hit Nigeria henh!, Zimbabwe will be like paradise compared to it.

These mofos don't know what they are doing...get them out fast!!