Affordable Homes 247

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[Affordable Homes 247 @SecuredRents]

@thecompasshub @woye1 The subsidy must be on a product that creates distortion in our economy and life, right? Lovers of subsidy are day dreamers who put all their hope and life in political benefits.

[Affordable Homes 247 @SecuredRents]

@Gassol0001 No need sir! I’m not a politician and don’t care about who you vote for. I only care about government policies and adjust my strategies to benefit from them irrespective of who leads the country.

[Affordable Homes 247 @SecuredRents]

@DefenseNigeria We are actually moving forward. We only need to deal with the bad behaviour of some unpatriotic political jobbers.

[Affordable Homes 247 @SecuredRents]

@Dave1515sn @Omatune But you guys denied nobody voted for PBAT and he didn’t win. So there are people who brought PBAT to power?

Respect the dead! Stop this bad behaviour. It cannot help you.

[Affordable Homes 247 @SecuredRents]

@easydigita The beneficiaries of Nigeria’s economic disorderedness are those promoting return of subsidy. They only care about themselves and their pocket. The ignorant ones supporting them will soon understand that politicians are not Father Christmas.

[Affordable Homes 247 @SecuredRents]

@sexy_cathy45 @Gassol0001 @pbat Privatisation could not even achieve macro economy stabilisation as we are witnessing now. All our productive asset became moribund.

[Affordable Homes 247 @SecuredRents]

@OfficialAzzaki Student loan is a sign of good economy because the country can share some revenue with the students without jeopardising other critical sectors of the economy. Stop the false hope of having a Father Christmas in politicians and government.

[Affordable Homes 247 @SecuredRents]

@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.