25:I[95528,["8320","static/chunks/41ade5dc-90c252cb9fc58faa.js","4514","static/chunks/4514-c6f7fd4243ca1382.js","8500","static/chunks/8500-e4dd1cb1bb626827.js","5772","static/chunks/5772-d567479163a90457.js","5435","static/chunks/5435-aeb0c97bbd6a1e26.js","581","static/chunks/581-ddacfe5584430cec.js","2576","static/chunks/2576-2302c7e93f25ab96.js","5103","static/chunks/app/blog/post-blog/%5Bslug%5D/page-90992d1d58394cd0.js"],"default"] 26:Tb0b,

Nigeria's Money Supply Just Hit N124.99 Trillion. Let Me Explain What That Means for Your Wallet.

First, what is "money supply"? It's simply the total amount of naira floating around in the economy, cash in your pocket, money in bank accounts, savings, everything. Think of it as the total pool of naira that can be used to buy things.

In February, that pool was N123.12 trillion. By April, it grew to N124.99 trillion. That's nearly N1.87 trillion added in just two months, more naira in circulation.

SO WHY IS THIS A PROBLEM

Imagine a market with 100 oranges for sale and N10,000 in everyone's pockets. Now imagine the number of naira in pockets doubles to N20,000, but there are still only 100 oranges. What happens? Sellers raise prices because more people are chasing the same few oranges. That's inflation.

Same thing here. More naira chasing the same amount of goods and services means prices go up.

The Central Bank knows this. That's why they raised interest rates to 26.5% and told banks to keep 45% of customer deposits locked up (Cash Reserve Ratio). These moves are designed to reduce the amount of naira floating around. But as you can see, the money supply still grew. The tightening isn't working as fast as needed.

WHAT THIS MEANS FOR YOU

First, expect interest rates to stay high. Borrowing will remain expensive for businesses and individuals. The CBN can't cut rates until they slow down money supply growth.

Second, inflation pressure continues. Not because of bad harvests or fuel prices alone, but because there's simply too much naira competing for what's available.

For your business: price for ongoing volatility. Don't assume prices will stabilize soon. Build margin for increases.

My take?

N124.99 trillion in circulation. Nigeria's entire annual output (GDP) is roughly N80-90 trillion. That means money supply is about 40% larger than everything we produce in a year. Too much money. Not enough goods. That's the clearest explanation of why prices keep rising

The CBN has work to do. So do you, plan for higher prices, don't be surprised by them.

Does this make sense? Ask anything about how money works, and we'll explain without any finance jargon.

--------------------------

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