I agree with him. The excessive spending of money and seignorage by the Government of Tinubu including printing money are the most important drivers of inflation in Nigeria
Anyone requesting further increase in interest rates does not understand how the real sector (manufacturing) works. Raising interest rate beyond current levels is economic suicide. We should focus on fiscal policies to curb inflation. We have stretched the monetary tools beyond its limit and it's now backfiring on the real sector!
Sir, if you consider Nigeria's economy at over USD500B GDP, then we would be the biggest economy in Africa after rebasing because no other African country has up to USD450B GDP... not even South Africa or Egypt... GDP in this instance is Nominal...
If Tinubu and Cardozo changes course of action, the minimum they can get in inflation is 25percent. If Tinubu doesn't change patterns, the inflation can reach 40 percent in 2025
I agree with him. The excessive spending of money and seignorage by the Government of Tinubu including printing money are the most important drivers of inflation in Nigeria
These Arise News presenters are brilliant!!
Anyone requesting further increase in interest rates does not understand how the real sector (manufacturing) works. Raising interest rate beyond current levels is economic suicide. We should focus on fiscal policies to curb inflation. We have stretched the monetary tools beyond its limit and it's now backfiring on the real sector!
Inflation can be brought down to 5percent or zero. We are just unserious people..
🤣
Sir, if you consider Nigeria's economy at over USD500B GDP, then we would be the biggest economy in Africa after rebasing because no other African country has up to USD450B GDP... not even South Africa or Egypt... GDP in this instance is Nominal...
Na mouth dem take dey raise GDP?
If Tinubu and Cardozo changes course of action, the minimum they can get in inflation is 25percent.
If Tinubu doesn't change patterns, the inflation can reach 40 percent in 2025
Who is this guy?
What does tinubu know
😂