Nigeria's Govt. Alternative To Minimum Wage Increase

I've written an in-depth analysis of this topic so I'll be brushing over the points I made here:https://www.nairaland.com/8101772/nigerias-inflation-introduction-subsidy-oldSo into the bone of this post1) Introduction of subsidy on OLD okash, okay, palm credit, Branch, Carbon loans.The subsidy to be introduced ONLY takes care of the interest rates being charged on these old loans AND it is for a limited time only to enable mass adoptionNigeria, like the united States, runs a debt based economy and is currently experiencing inflation.and guess whatFor a debt-based economy to work, we need LOANS/DEBT. The moment all loans/debt is taken from Nigeria's economy, NIGERIA AS A COUNTRY WILL COLLAPSESo by taking away *some* loans from the Economy, the excess money in circulation is massively reduced and the economy can still function.2) Go HARDER in tackling INSURGENCY in the country.INSURGENCY is the elephant in the pool in Nigeria's economy crisis. WHATEVER THE CBN DOES WILL NEVER WORK if insurgency isn't tackled.Yes,first of my name,Breaker of chains,prophet of doom Point 1 WONT be EFFECTIVE if point 2 isn't implemented.Insurgency(insecurity) not only drive away farmers that support local production from their farms BUT it also drives away investors looking to pour forex into the country as such investors won't feel themselves, their staffs and their investment would be safe.With farmers not producing, Nigeria is forced to import food to feed its population by EXCHANGING the naira hence devaluing it and with forex leaving the country when foreign investors choose not to invest, our means of earning foreign exchange is further limitedNigeria recently lost a $6 billion deal from totalenergies to Angola and here's what the CEO of Totalenergies, Patrick Pouyanne, has to say about the lost deal:"What are the challenges? Security COMES FIRST. For a CEO like me, security of my people is of utmost importance."3) Implement a 'floating' Fractional Reserve ratio system of economyNigeria recently increased interest rates. This action aims to discourage borrowing and encourage savings by its citizens.But saving in commercial banks is how loans Is created via Fractional Reserve Banking. The lower the reserve ratio of a country, the more the currency in circulation and the higher the reserve ratio, the lesser the money being multiplied by the commercial banks in that countrySince the interest rates have been increased to encourage savings in commercial banks, and commercial banks need deposit to create loans, the fractional reserve ratio needs to be increased further UNTIL point 2 is taken care of, because if the money in circulation in a country is greater than the good being produced in that country, INFLATION is bound to happen.NIGERIA HAS FEW TANGIBLE PRODUCTS IT PRODUCESAs I've always said, the price of food stuffs in the markets is NOT GOING UP. it's the value of money that's going down. That's why more money chase few goods than before -- money is losing value due to the newly created money NOT being backed by local production of goods. New money takes money from old money in circulation.SECTION BWhen the economy eventually picks up, and there is few money in the economy which might lead to a recession, what should our dear Nigeria do:1) Introduce a negative interest rate charged on cash or electronic deposits kept in an account for MORE THAN A MONTH. this matches the time salary earners will receive their monthly salary so people are encouraged to withdraw their old salary because they will be expecting a new one by month end.And since the negative interest rate will be charged monthly on dormant money, citizens will be safe financiallyhow's that for sound logic kissNegative interest rates is the reverse of positive/increased interest rate: people are encouraged to take loans AND PAY BACK LESS THAN THE AMOUNT THEY BORROWED grin grin and if they choose to save their money in banks, they will pay heavily for saving THEIR HARD EARNED MONEY grinSo the movement of currency from one account to another will give room for fractional reserve banking to multiply the money and stimulate the economyAnd WHEN insurgency is tackled and farmers return back to their farms and foreign investors start trooping into the country to do business, THEN FRACTIONAL RESERVE RATIO SHOULD BE REDUCEDwhat do you think?I'm open to constructive criticismIf you found this insightful, please share so others can read and gain value like you did. Thanks!