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.
Your point could only be one of the reasons why the naira looses its value including the falling of national economy.
Just as you said that the past governments has been printing excessive monies, mark the word "
past governments", if by so doing as the cause, does it mean governments after governments increases the number of monies they prints? Because as the case maybe, the naira looses its values and the economy rate falls by governments after governments.
Let's get this out on a buttress, does it mean in just few months that Tinubu has just been on seat he has printed over what a kind of the past government of Buhari has printed in over 8years of his tenure? Because in this short while of Tinubu's government, the cost of living has multiplied in folds and we are yet to experience more as time goes
I am not in dispute that this could be one of the reasons but let's not relax blames specifically out of the money printing cases.
I personally feel this is also concerned about the failure of our federal government to incorporate with the foreign economy sectors.
Let's also look at the monopoly governances whereas only a specific investor is permitted for production depriving other investors to enable the industrial system being competitive to produce quality and affordable products within the country instead we either relies on one investors products or importation of foreign products.
Even at the foreign trades of importation and exportations seems difficult for our local investors considering the border conditions where being shutsdown while some of our local importers are being deprived from letting their imported materials in and even if succeeded bringing them in to the country, the importation charges would be so high that the Investors would want to cover their capitals and also make incomes by setting their products on a higher purchase.
Why can't we have standard infrastructures to attract foreigners to partner here with us or classes of infrastructures to attract foreigners with greeners pastures within our localities?
Imagine us with substantial educational and medical infrastructures and the lack of tourism centres, these are what the government can structure and installs in this country to attract economy growths to our societies and by so, our currency would be valuable.
In essence the government is only being selfish while in power of governing authorities.