Enforce use of coins to tackle price inflation, reps tell CBN | TheCable

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Enforce use of coins to tackle price inflation, HouseNGR tell cenbank via thecableng

The legislators said the use of coins will tackle price inflation and stabilise the economy.

Umar said the non-usage of coins has had a negative impact on daily business transactions in the country.“Despite the huge budgetary sum that was expended by the federal government in the production of coins as part of the legal tender, the said coins seem to be extinct at the moment,” he said.

Source: Law Daily Report (lawdailyreport.net)

 

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Are these guys idiots? When last did they themselves use coins? I suggest their next allowance be paid in coins...charity should begin there

It is not the material the money is made of that gives it value. When you have a fraudulent system of govt run by corrupt, over fed politicians who feel no responsibility to be accountable in a democracy, the value of its currency will always stand out as an unbiased indicator.

Could it be that this is their understanding of what the world is doing with bitcoin and the likes...🤔🤔🤔? 🇳🇬🇳🇬🇳🇬

Don't ever re introduce coins in our. It's not going to work 5 can't buy anything.

Who go collect tam

Now you see what we’ve done with our so called democracy? We just elevated clowns into parliament

Those people in national assembly are just nonetities have nothing upstairs to offer

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Eehn coin wey una eradicate long ago is like Nigeria is now on a rewine

Talking of using coins when 5 & 10 are almost valueless now.

Yes is true many countries that still using coins their economy is standard than Nigeria

Maybe they're cooking some specially made goods.

Nobody talk say Dem no wan use d question is have you guy provide the things wey go make us use it last I check fuel is diesel is rice is no sweet of 1 or 50kbo so what exactly do u want us to use the coin for maybe to exchange dollar

HouseNGR Will they accept?

HouseNGR cenbank Senseless people..what are we buying with coins?

HouseNGR cenbank Una wan start wetin una no go fit finish

HouseNGR In all countries of europe and america,their coins are in use. Why is nigerian coins not?Is it bc we are richer than all other countries or what?

HouseNGR Na CBN to do am na another problem

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