Printing money to aid fiscal deficits is not uncommon for monetary authorities around the world. It is done in the form of monetisation – a way for the government to fund itself by issuing non-interest-bearing liabilities, like fiat currency or bank reserves held at the central bank.
Just print 1 billion and give me. Simple!
Should a bag of rice sell for N100k?
They've started printing already
Ask Edo gomina😂
What will be the implications economically?
Capital No, Unless if you want this country to be like Zimbabwe (INFLATION)
Yes,if possible..,.
Yes
It's easy for them to print the money,they can run abroad when naira hits 1000 per dollar..It will be our own mess by then
More money in circulation more inflation. These people don't even understand basic economics... The same way they printed 60B last month to finance that monthly federal allocation.Our GDP is terribly low,we produce next to nothing and we just want to keep printing..
Dem dey craze? Who even ask this kind question? We are already 500year's backwards and y'all trying to extend it by a thousand.
NO