Affordable Homes 247

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@DanielWhalee Some of them don’t want Atiku. You will see some of them supporting PBAT as return of subsidy discussion advances. Note this down.

[Affordable Homes 247 @SecuredRents]

@Omojuwa Those who gained from subsidy regime will tell you they don’t mind.

[Affordable Homes 247 @SecuredRents]

@imerm_jr You too fall among the minimum salary earners they advocate for, right? 😀

[Affordable Homes 247 @SecuredRents]

@easydigita You may be able to do many things but not succeed at it. Technical skill enables you to do. Performance skill enables success.

[Affordable Homes 247 @SecuredRents]

@easydigita Technical capacity only cannot make you perform. Performance and competence are not the same.

[Affordable Homes 247 @SecuredRents]

@obumneme @Bighenrio @phrankangel @benmurraybruce In simple terms: we are tightening monetary conditions to fight inflation while spending on infrastructure to expand productive capacity and support economic growth.

[Affordable Homes 247 @SecuredRents]

@obumneme @Bighenrio @phrankangel @benmurraybruce Dealing with inflation and economic recession simultaneously, as Nigeria has been, presents a difficult policy dilemma. A country needs to stimulate spending and investment to recover from recession, while controlling money supply and demand to tame inflation.

[Affordable Homes 247 @SecuredRents]

@obumneme @Bighenrio @phrankangel @benmurraybruce At the same time, government is investing heavily in infrastructure to improve productivity and stimulate economic activity—for example, the Lagos–Calabar Coastal Road.

[Affordable Homes 247 @SecuredRents]

@obumneme @Bighenrio @phrankangel @benmurraybruce The present government’s strategy appears to be working so far. It is using free-market monetary tools such as OMO, Treasury Bills and bonds, alongside higher interest rates, to attract investment and manage liquidity in the system.

[Affordable Homes 247 @SecuredRents]

@obumneme @Bighenrio @phrankangel @benmurraybruce Others are human - low productivity & poor financial discipline, such as prioritising consumption and spending on vanity over productive investment.

Ultimately, when the supply of money grows faster than the supply of goods and services, purchasing power declines and prices rise

[Affordable Homes 247 @SecuredRents]

@obumneme @Bighenrio @phrankangel @benmurraybruce The purchasing power reduction you mentioned is caused by INFLATION!!!

Inflation has many causes. Some are external shocks, such as the COVID-19 pandemic, which made govt of PMB to print money (about N23Trillion) to support the economy when govt revenues was impaired.

[Affordable Homes 247 @SecuredRents]

@Bighenrio @obumneme @phrankangel @benmurraybruce You may want to read about Purchasing Power Parity (PPP), which provides a useful framework for comparing the relative purchasing power of currencies across countries. I am a Civil Engineer. I will not engage you on cost of road because I don’t know under what authority you wrote

[Affordable Homes 247 @SecuredRents]

@Bighenrio @obumneme @phrankangel @benmurraybruce All over the world, prices of goods & services generally rise over time due to inflation.

Purchasing power refers to how much goods and services a unit of currency can buy. It is different from simply comparing exchange rates between currencies.

[Affordable Homes 247 @SecuredRents]

@jamesnans81 @SayDTrut @ARISEtv He was betting against deregulation which had already progressed with the deregulation of diesel, aviation furl and kerosene. These are what impact production more. Petrol only impact people movement which electric vehicles are going to aid. Subsidy was removed long ago!

[Affordable Homes 247 @SecuredRents]

@AdamuYuguda_ 😳

[Affordable Homes 247 @SecuredRents]

@opalekesam @jrnaib2 All Technical Schools are free of charge with pocket money provided for students.

[Affordable Homes 247 @SecuredRents]

@Jamesbisodun A bi o!

[Affordable Homes 247 @SecuredRents]

@Bighenrio @obumneme @phrankangel @benmurraybruce You don’t understand what purchasing power is all about then. It is not about conversion of Naira to USD. Inflation effects are felt across the world. The GBP and USD purchasing power also reduced. Read business news, not comic magazines for a better understanding.

[Affordable Homes 247 @SecuredRents]

@obumneme @phrankangel @benmurraybruce They are to use the increase in allocation from subsidy removal to provide safety net that touches the masses, not building airports and flyover where they are not necessary.

[Affordable Homes 247 @SecuredRents]

@obumneme @phrankangel @benmurraybruce Senator Ben Bruce has proposed a quick win to alleviate the suffering of the people. Let the governor invest in social safety net - free transportation, using existing operators, who will in turn, invest in new vehicles later. This will keep our money within our shore for now.

[Affordable Homes 247 @SecuredRents]

@obumneme @phrankangel @benmurraybruce Social safety net is what is important at this time. Contracting for work in Nigeria is in Naira, even oil companies pay 100% NGN instead of 60/40 it used to be. We are at a new equilibrium. Returning subsidy cannot reduce cost of living - no worker will collect lower salary.