The criteria for printing money is tied to many things. One of the factors that decide the value of money & economy is trust. People in general trust that rich countries are financially responsible & have the capabilities to repay debt & function. This allows them to get away with printing more money since the people trust that the government will be able to handle inflation and it knows what it is doing.

A poor nation such as Nigeria however usually is not trustworthy economically since it lacks the ability to implement its laws effectively and create conditions where it's safe for investors to invest their money. When the outside world see's a poor nation printing money to escape recession, natural disaster or to repay debts, this lack of trust makes the nation much more susceptible to hyper inflation from an expanded money supply than rich countries .
Perception and trust however only partially determines the valuation of money. Supply and demand of money in global market (import & export, Forex) also determines the valuation as well.
Bottom line: Rich nations have more leeway to trust while poor nation such as Nigeria does not. Hence, Nigeria cannot just start printing more money because rich countries are doing it. Why? Because they have more resources in their control and Nigeria does not. Rich countries produce just as much as they consume. Rich nation unlike poor nation does not depend on importation to survive rather, rich nation's imports is either equal to or less than Its export.
If you insist and go ahead to print more money while you have nothing to offer the global economy in return, well, what happened to Mugabe's popular Zimbabwe will happen to you. Worthless economy and worthless currency.
One Love, one Africa. from Nairobi.
Please (Nigerians) ensure to educate yourself in sensitive issues, matters of public discourse/importance before criticising your president. Thank you.

Lalasticala
Seun

If they do, they won't tell us

BTW, how do you mean by this?

A poor nation such as Nigeria however usually is not trustworthy economically

Nigeria should print dollars if they can

What evidences have you that currencies are not secretly printed?

helinues:
If they do, they won't tell us

BTW, how do you mean by this?

Unstable economy, irregular inflation movements, inability to protect foreign investors, inability to effectively enforce its laws. Political instability and its over dependent on imports to survive. Economic insecurity.

Nairobi33:

Unstable economy, irregular inflation movements, inability to protect foreign investors, inability to effectively enforce its laws. Political instability and its over dependent on imports to survive. Economic insecurity.

Did you get all this info from Inooro Fm??

chatinent:
What evidences have you that currencies are not secretly printed?

We need no evidence my friend. The economy will naturally react by changes in the price of goods and services (hyper inflation) and depreciation of Naira.

helinues:
[/b]


Did you get all this info from Inooro Fm??

Inooro FM? Where is that?

Nairobi33:


Inooro FM? Where is that?

One of the local radio stations in Kenya...

Nairobi33:

We need no evidence my friend. The economy will naturally react by changes in the price of goods and services (hyper inflation) and depreciation of Naira.

Forget those economic jargon. If one secretly prints money for himself (and not the country), nothing, I mean nothing will inflate! It takes common sense to understand.

helinues:


One of the local radio stations in Kenya...

No my friend. They are basic practical laws of global economics.

They actually need to do with the world economy on lock down if we don't how do we bounce back with the way our leaders squander money . Because to me if we don't naira will not have any vaule ever again

Nairobi33:

No my friend. It's a basic practical laws of global economics.

Yes Nigeria should print money, that money should be targeted at giving low interest loans by the govt to big time importers of goods, this way we will have enough supply here. Afterwards the government can focus on growing local production. But will IMF allow us print, they will soon come with their prophecy of doom.

koffsman:
They actually need to do with the world economy on lock down if we don't how do we bounce back with the way our leaders squander money . Because to me if we don't naira will not have any vaule ever again

And how do you intend to do away with global market when your country depend heavily on importation of goods and services to survive?

They are printing it sharing amongst the top dogs then the top dogs injects it into the public by buying in shopping malls and doing give aways

Mizwisdom:
Yes Nigeria should print money, that money should be targeted at giving low interest loans by the govt to big time importers of goods, this way we will have enough supply here. Afterwards the government can focus on growing local production. But will IMF allow us print, they will soon come with their prophecy of doom.

No country will accept your proliferated naira in exchange for their goods and services if it lacks value in global market. Lacks value in the sense that if your country has nothing to offer the global market other than naira for importion which in return the receiving foreign country cannot use in return for exchange in the global market then they will have no use for your naira.
In this reckless policy events your country's currency & economy would be good as worthless. This is the major reason why your country need to start producing basic needs rather than just depending on importation for everything so that the global market can have use for your currency. The only reasonable thing your country have to offer the global market as at now is your crude oil and that also is losing value & appeal in the market. Ask Mugabe's Zimbabwe for more about that. May God forbid though. Africa needs Nigeria to have a reasonable shot at survival.

The fact that this is even an argument , the fact that someone who is as smart as tinubu ( relative to our other politicians ) talked about this is heart breaking

Most Nigerians don't even understand what "one naira means "
On what reserve base would u print money ?

Dollars is over printed we know but it's backed by global demand for it

With a reserve of $30bn u want to print more mont money ?

Honestly we are lucky as a country we are still standing

"your" or our country

Nairobi33:


And how do you intend to do away with global market when your country depend heavily on importation of goods and services to survive?

koffsman:
"your" or our country

YOUR Country, Our continent, Our home.

funny you

Nairobi33:

YOUR Country, Our continent, Our home.

Nairobi33:

No country will accept your proliferated naira in exchange for their goods and services if it lacks value in global market. Lacks value in the sense that if your country has nothing to offer the global market other than naira for importion which in return the receiving foreign country cannot use in return for exchange in the global market then they will have no use for your naira.
In this reckless policy events your country's currency & economy would be good as worthless. This is the major reason why your country need to start producing basic needs rather than just depending on importation for everything so that the global market can have use for your currency. The only reasonable thing your country have to offer the global market as at now is your crude oil and that also is losing value & appeal in the market. Ask Mugabe's Zimbabwe for more about that. May God forbid though. Africa needs Nigeria to have a reasonable shot at survival.

Prophet of doom, US and UK placed restrictions on Mugabe because of his anti White policies, it's not the same scenario with our situation

Mizwisdom:





Prophet of doom, US and UK placed restrictions on Mugabe because if his anti White policies, it's not the same scenario with our situation

I find it an unnecessary burden participating in social media discussion because of unintelligent dimwits like you. Majority of black Africans like you stake so much of your judgements on conspiracy theories because you lack the willingness or mental capacity to reason critically & independently. You all ended up supporting and spreading unverified, ignorant & unpopular opinions of your degenerate and morally handicapped leaders. It's easy for you because that way you don't have to do the thinking. You like it so much when someone else do all the work for you. If you ever hear the phrase 'leaders are reflection of its people'' says a lot about our problems as Africans. You prefer to eat fat on others hardwork while you have nothing to offer the world in return. You wait for the white man's aides & reliefs, wait for the the white man to feed you, give you vaccine to treat your diseases, fight your wars for you, cry to them to force your leaders to do the right thing for you. What do you give back? NOTHING. Other than clumsy gossips about dumb conspiracy theories.

Nairobi33:


I find it an unnecessary burden participating in social media discussion because of unintelligent dimwits like you. Majority of black Africans like you stake so much of your judgements on conspiracy theories because you lack the willingness or mental capacity to reason critically & independently. You all ended up supporting and spreading unverified, ignorant & unpopular opinions of your degenerate and morally handicapped leaders. It's easy for you because that way you don't have to do the thinking. You like it so much when someone else do all the work for you. If you ever hear the phrase 'leaders are reflection of its people'' says a lot about our problems as Africans. You prefer to eat fat on others hardwork while you have nothing to offer the world in return. You wait for the white man's aides & reliefs, wait for the the white man to feed you, give you vaccine to treat your diseases, fight your wars for you, cry to them to force your leaders to do the right thing for you. What do you give back? NOTHING. Other than clumsy gossips about dumb conspiracy theories.

I suspected you were suffering from inferiority complex and now that you have confirmed my suspicions how am I supposed to help your case? every G8 country plays economic politics, none is innocent. You referred to Mugabe's case and I called you out with explanation, G8 countries closed him out for seizing lands from Whites and giving to blacks. Zimbabwe was black listed and countries were not trading with them. That's why their currency was worthless, they turned to China for help, but China was apprehensive as there was nothing much to gain from them, no oil reserves unlike Nigeria.

"
Mugabe placed great importance on Zimbabwe's relations with China, especially after the 2003 standoff with the European Union resulted in capital flight and economic depression. [3] Ties have deepened inline with Zimbabwe's political isolation from the
European Union; China has been described as the "only major international supporter" of Zimbabwe, due to their principle of non-interference in internal affairs such as human rights issues.[1] However, there are increasing signs that China remain apprehensive about their relations with Zimbabwe and prefer to concentrate their political capital on countries with oil reserves. Chinese president Hu Jintao did not visit Zimbabwe on his February 2007 tour of southern Africa, though"


The world fuccked them up including A.U who are aid dependent.

This is not the case here, we have OIL, G8 member countries are not yet against us, China will always be willing partners in trade because of what we have, besides, if they're not going to gain from our material resources, we have surplus , cheap, pliable, man power to go round.

I gave it deep thought before I wrote on why printing money and enabling the flooding of products through importation is the solution if IMF doesn't interfer. Go and reread what I wrote and be schooled.



PS: unless they are bribed IMF won't allow it because Nigeria is an African country.