The cause of inflation

[Antotena]

E get some tins wey dem do for di past like printing money wey fit affect di economy long term. Blaming just one government for all di wahala we dey face fit too simple. Di relationship between government policies, how money strong, and inflation, e dey complex and different factors fit influence am over time. E important to look at plenty economic factors, like how government dey spend money, monetary policies, how di global market dey behave, and di problems wey dey inside di economy when we dey analyze inflation and how money strong.

If we're a sane countries, Buhari would be in jail right now but because his party are protecting him and trying to protect the lineage of the north, they don't want to do that because he is one time retire General. How can a siting president signature be forge and money was withdraw from the central bank and people want to say they had no idea when that was done, he approved for the printing of Naira he had no idea about, that man lack accountability and that's where our problem started from.

We need to mop the excess money in supply and the only way to do that is to arrest everyone involved in printing of the Naira including Buhari and his family he appointed for the printing of the Nigeria currency. If EFCC were to do there job correctly, everything will be restored back to other bit we know them, they will rather chase yahoo boys with $100 gift cards than probe politicians.

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[Zackz5000]

Na our government na e be the major cause of inflation way we dey face now for naija, the prices of things are high, our currency is valueless because we are in a failed nation, a nation that has high rate of unemployed youth what do we expect? A nation where we have high level of importation they also went ahead making 1k to be our highest currency if 200h was to to be our highest currency I don't think we will experience anything call inflation.

I also noticed that when even wages in been increased price of things will also increase leading to inflation, and also when ever the price of transportation increases due to high cost of Petro you go see say prices of things go increase too because those commodity, the goods are also been transported. Our government is the major cause of inflation we are seeing here for naija.

[Jerrycrypto2024]

This matter is just a simple truth about Life, that consequences of a thing must not occur immediately but after some time. Last government policy and politicizing every issue that need argent attention is the curse of most  problem today.
Printing of naira would have been given attention by all sector but neglected it because of politics, even the issue  of insecurities and kidnapping which is making most of our farmers, and investors not to have good production would have tackle with device but we see it as joke and ethicity issue until all this is tackle expecting Naira to rise or current government to do all with immediate effect is waste if time because everything have it time.

[Claudeake]

I was taught in my heydays at secondary School, most probably in class three far back 1983 in ECONOMICS class that whenever the government of a nation engages in fidiciary issue of money, it would lead to inflation, for it is not backed up by production of goods and services.
Yes, past and present governments are guilty of such over printing of money, and this has brought the nation to such hopeless state of affairs.
Again, liberal economics has proffered certain solutions to such situations as to mop up the excess money from the public in the following ways;
1) the central bank to higher the cash deposit ratio with the commercial banks
2) the sales of treasury bills to the public
3) specific directives to commercial banks by the central bank to deposit certain amount with them.
But above all these, the government of the nation Nigeria could instigate massive production of agricultural crops to curb this menance. The moment this is done, the prices of food stocks would come down drastically.

[liasbaa]

Many of us thinks the rise of inflation and the weakness of the naira currency is because of the new government we have in the country.  Before now a state governor was complaining about how the past government was printing of money, and many people thought it was just propaganda which they took it very lightly.  The hardships and the high inflation rate we are seeing today is as a result of printing money that has been taking place longtime ago.

The cause of the inflation is nothing but as a result of printing money that is naira is losing value constantly everyday. The economy has never been bad like this, we are facing the consequences of wrong economy doings.

OP I disagree with you.The inflation is a complex matter and influenced  for various reason beyond just money printing. The reason of inflation side factors such as decrease of foreign Investment, consumer spending and internal speed less trade. Resource availability, production cost and policies of government also play significantly. On the other side economic policies as fiscal and finance, global economic commodity and trade prices are also influence the inflation.

[odunybiz]

Many of us thinks the rise of inflation and the weakness of the naira currency is because of the new government we have in the country.  Before now a state governor was complaining about how the past government was printing of money, and many people thought it was just propaganda which they took it very lightly.  The hardships and the high inflation rate we are seeing today is as a result of printing money that has been taking place longtime ago.

The cause of the inflation is nothing but as a result of printing money that is naira is losing value constantly everyday. The economy has never been bad like this, we are facing the consequences of wrong economy doings.

OP I disagree with you.The inflation is a complex matter and influenced  for various reason beyond just money printing. The reason of inflation side factors such as decrease of foreign Investment, consumer spending and internal speed less trade. Resource availability, production cost and policies of government also play significantly. On the other side economic policies as fiscal and finance, global economic commodity and trade prices are also influence the inflation.

Don't mind OP, this inflation is more than what he's talking about. Inflation is a general problem in the world recently but just that ours in much. Price just keep increasing everyday. But what does OP expect in a country where they lack basic amenities, where they depends on oil and this natural resources are no more valuable compare to before and country where our leader keep borrowing money from abroad and later embezzle it. The present Government still has some role if he decides to control inflation.

[Y3shot]

OP I disagree with you.The inflation is a complex matter and influenced  for various reason beyond just money printing. The reason of inflation side factors such as decrease of foreign Investment, consumer spending and internal speed less trade. Resource availability, production cost and policies of government also play significantly. On the other side economic policies as fiscal and finance, global economic commodity and trade prices are also influence the inflation.

Printing of money is not the only cause of inflation but their are other factors,  but printing of money is of the major cause that can make the currency of a country to lose value drastically. And think this is also one of the reasons why the economy is seriously sinking this time. Normally before now the economy have not been in a good state because of mismanagement of funds and too much expectation.  When a country currency is not valuable compare to other currencies that means the country is going to experience tough time.

[Gormicsta]

The rise in money supply can cause inflation through banks. When they purchase financial resources, the proceeds flow down into various parts of the economy. Inflation can also result from supplier interruptions, such as shortages of labor. Inflation is also caused by a boost the demand for commodities and amenities, or when the money in distribution is not enough to reach everyone, such as during the cashless period, when getting money was difficult and we even had to spend money we didn't have. That period was really a hard time for us to really survive but God come through for us. All these are causes of inflation.

[DubemIfedigbo001]

If we're a sane countries, Buhari would be in jail right now but because his party are protecting him and trying to protect the lineage of the north, they don't want to do that because he is one time retire General. How can a siting president signature be forge and money was withdraw from the central bank and people want to say they had no idea when that was done, he approved for the printing of Naira he had no idea about, that man lack accountability and that's where our problem started from.

Buhari messed up actually, buh a country that its judiciary is as good as dead, you don't expect anything better. Most of the things we experience now were instigated by his rule, miss especially that money reprinting policy that brought the new notes and maintained the old notes. Not only did they use that medium for series money laundering, but they put the country in so much crisis resulting from the inflation we experience today.

Tinubu on the other hand isn't a good economist to manage the situation properly and the whole thing is resulting in the terrible mess we find ourselves in. Until they find a way of curbing this inflation. I fear things are destined for further degeneration.

[Stepstowealth]

Over printing of money is a the main cause of our Naira devaluation. Since the year Nigerian government decide to start printing one thousand Naira note, many economists complained that it will keep affecting the Naira value, but the government are just after what they will earn while running the project without considering the consequences it will bring letter. Now they keep printing this money always not knowing that too much circulation of Naira will affect the country’s currency that is why the the government is now trying limit the currency circulation thinking it will help the economy.

The Nigerian government also over printed money during the time when they were moving to change the currency, that put a lot of new moneyin circulation without removal of the old naira notes.

Printing of money is not the only cause of inflation but their are other factors,

Another factor is that we depend too much on importation even to simple products that can be manufactured here, hence when the price of importation increases, the effect is massive on the market because many good are imported.