'Damola

| MD⚕️🩺| Pasty Cline❤ | Madridista @realmadriden | 🇳🇬 🇬🇧

[Nigerians in the UK 🇳🇬🇬🇧 @NIUKCommunity]

Happy Father’s Day to all the incredible fathers, stepfathers, grandfathers, mentors, and father figures in our community. 💙

Thank you for all that you do.

Wishing you a joyful and well-deserved Father’s Day.

#FathersDay #NIUK #NigeriansInTheUK

['Damola @ValyrianMD]

@erichustls Ready

['Damola @ValyrianMD]

@MrCharlesky Interested

[Pulse Nigeria @PulseNigeria247]

Report shows that Nigerians have a special gene mutation which keeps them happy. 😳

Nigerians reportedly have the bliss chemical called “Anandamide” reduces the chances of depression, reduces PTSD, and makes it easier to forget painful memories.

['Damola @ValyrianMD]

@irawo28 @boye4christ2006 You have to work harder….they don’t owe you

['Damola @ValyrianMD]

@imariabe_jnr @69LifeCode He is not going to win

['Damola @ValyrianMD]

@chideraonunkwo2 Fake news

['Damola @ValyrianMD]

@awotideawolowo @mene_tuale @tokunbo_wahab You too try clean one street

[Sky Sports Football @SkyFootball]

"Eight Coventry appearances and seven wins, I think that says it all"

Curtis Davies on Frank Onyeka's impact at Coventry since signing on loan from Brentford 👏

['Damola @ValyrianMD]

@malagojr Yes

['Damola @ValyrianMD]

@sammy4gunwa @Mimi_yakigar It’s funny how people think bro.Dont stress yourself.

['Damola @ValyrianMD]

@EboEmakhu @PoojaMedia @duracoins Sense is far from you o.

[𝗝𝗼𝘂𝗲𝘂𝗿𝘀 𝗰𝗮𝗺𝗲𝗿𝗼𝘂𝗻𝗮𝗶𝘀 🇨🇲🦁 @JoueursCMR]

Une CAN ça se gagne sur le terrain pas au tribunal.😁🏆

[Everton @Everton]

🇸🇳💙

['Damola @ValyrianMD]

@sironyeka Hello

[Ballon d'Or @ballondor]

The image we’re going to keep from this week’s Champions League matches... ✨

In Istanbul, Victor Osimhen 🇳🇬 was seen in tears, overwhelmed by a tribute to his late mother, and the unconditional love of the Galatasaray fans 🦁

It’s more than a game ❤️‍🩹

#ballondor #osimhen #galatasaray

[Rasheed Olalekan Lateef ANIPR @ogaRasheed]

This statement about ₦30 trillion being printed under Muhammadu Buhari needs some clarification, so the Nigerian people are not confused.

Let me break it down in a very simple way.

First, the Nigerian government did not literally sit down and print ₦30 trillion in physical cash notes. What actually happened was that the government borrowed a lot of money from the Central Bank of Nigeria through a special facility known as Ways and Means. This facility allows the government to temporarily borrow from the central bank when its revenue is not enough to cover its spending.

Between 2015 and 2023, during Buhari’s administration, the federal government relied heavily on this borrowing option because government revenue was low while spending remained high. Over time, the amount borrowed from the central bank grew to around ₦22.7 trillion, and when other adjustments and conversions were discussed later, many people began referring to the figure as roughly ₦30 trillion.

Now, here is where everything turn to yam pepper scatter scatter.

When the government borrows directly from the central bank, the bank essentially creates new money within the financial system to fund that borrowing. So although it is not the same as printing physical cash, it still increases the amount of money circulating in the economy.

And when too much money enters the economy without a matching increase in goods, services, or productivity, it can lead to inflation. In simple terms, when there is more money chasing the same amount of goods, prices begin to rise.

This is why many economists say that heavy borrowing from the central bank can contribute to inflation.

However, it is also important to understand that Nigeria’s economic challenges did not start with this borrowing alone. Several other factors played major roles, including declining oil revenue, global economic shocks, subsidy spending, exchange rate pressures, and structural weaknesses in government revenue generation.

So while the borrowing from the central bank increased the money supply, it was one part of a much bigger economic picture.

The second claim in the statement is that Bola Tinubu met a 0.5 percent cash-to-GDP ratio. That claim is harder to verify and may be misunderstood.

The cash-to-GDP ratio is how much physical currency exists in an economy compared to the total size of that economy. Nigeria historically has a higher ratio than that figure, so it is likely his statement was referring to temporary cash shortages during the naira redesign crisis rather than the overall monetary structure of the economy.

In other words, the senator may have been trying to make a political point about the difficult economic situation the current administration inherited, but the numbers as presented are simplified in a way that can mislead people who are not familiar with how government borrowing works.

The real issue here is not just who borrowed money or which administration created the problem. The deeper issue is that Nigeria’s government has for many years spent more money than it earns and has often relied on borrowing both from external lenders and from the central bank to cover the gap.

When a country repeatedly spends more than it earns, it eventually faces difficult choices: raise revenue, cut spending, borrow more, or deal with inflation and currency pressure.

That is the bigger economic debate Nigerians should be paying attention to, but I’ll leave the rest of the economist in the house to do justices to it.

['Damola @ValyrianMD]

@BeckaBeckalee I haven't gotten it data analysis and Ai automation

['Damola @ValyrianMD]

@BeckaBeckalee Data analysis and AI automation

[David de Gea @D_DeGea]

No one who hasn't been a goalkeeper can understand how difficult it is to play in this position.

Keep your head up and you will go again.