The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has blamed the current inflation in the country on printing trillions of naira during the administration of President Muhammadu Buhari “without productivity.”(Dailypost)
In April 2021, Governor Obaseki of Edo state raised an alarm that the Central Bank of Nigeria had printed N60billion and the Federal govt of Nigeria debunked his claim and called him a liar...
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It is well
ReplyDeleteHmmmmmm
ReplyDeleteThis money they steal, what exactly do they do with it?
ReplyDeleteTry to reason and tie points together.
DeleteA government in serious debt and needing to subsidize fuel and Forex it's ungrateful untaxed citizens do not want to bear financial responsibility for, must finance the gluttonous appetite of the unproductive adults by borrowing foreign currency. The first way to recoup to repay debt is direct taxes which 8 out of 10 don't pay yet don't see as a palliative. The other option is what happens in every country including the ones you praise and hope to move to: running a printing press in the central bank or federal reserves and automatically diluting the value of the currency so that citizens who think they are wise for not paying their fair share actually get an automatic consumption tax termed inflation. Your addiction to freebies is what's drilling the hole in your pocket.
The free or greatly subsidized education you have received from Nigeria taught you this but when you don't pay, you don't pay attention.
God take control. Expression attachments,6k.
ReplyDeleteWhen running a country like a beer parlour goes wrong🤦🏾♀️
ReplyDeleteI read such news from Nigeria, I say eh eh and move on. to analyze our matter don tire me
ReplyDeleteIt is well with my country
ReplyDeleteIt isn’t Binance again?
ReplyDeleteWe are yet to experience half of what Buhari's government has done to Nigeria, God will judge
ReplyDeleteIt's well
ReplyDelete