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Nairaland Forum / Nairaland / General / Politics / I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi (21162 Views)
12 Members Of The CBN’s Monetary Policy Committee (Full List) / Malami: I Can't Advice On Monetary Policy / Contractionary Monetary Policy Cannot Solve The Problem Of Inflation In Nigeria (2) (3) (4)
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by bhella10: 1:10pm On Sep 06, 2022 |
ExudeLoveToAll:I would if I have the time. But who does that help? |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by kingyakos: 1:11pm On Sep 06, 2022 |
Parachoko: Getout. I have used you and dumped you |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Parachoko: 1:13pm On Sep 06, 2022 |
kingyakos:When did 1995 become 2005? Are you this shallow? If I knew you're this dumb, I won't have engage you(and nah you first quote me with your shallow talk) Even in the screenshot you shared with me, you dey see 1995 and you're still claiming I said 2005 This is how poor and fraustrated people behave. You're arrogant, shallow and very foolish. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Parachoko: 1:16pm On Sep 06, 2022 |
kingyakos:Use and dump who? You wey no get sense You wey suppose to dey thank me for curing you from your ignorance kingyakos:See the kin foolish comments you dey write without shame I'm sure you don't even know is possible for inflation to hit 70% https://www.statista.com/statistics/895080/turkey-inflation-rate/ Click on that link and cure yourself from your foolish Ignorance.
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by kingyakos: 1:23pm On Sep 06, 2022 |
Parachoko: I have gotten what i wanted from you and i released you from slave chain. You are now free |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by neoG(f): 1:24pm On Sep 06, 2022 |
Leave him. He thinks degree certificate validates ones destiny. Most first class graduates can't relate with real life applications to what they study because it was cramming spree tinz. Does this mean earning first class is wrong? Capital NO manutdrichie: |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Parachoko: 1:25pm On Sep 06, 2022 |
kingyakos:I'm glad I cured you from your ignorance. https://tradingeconomics.com/turkey/inflation-cpi
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by kingyakos: 1:31pm On Sep 06, 2022 |
Parachoko: Send me your account details |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Parachoko: 1:34pm On Sep 06, 2022 |
kingyakos:Do you live in Lagos State? I am presently in Ikoyi, drop your phone number make I call you make we meet. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by kingyakos: 1:40pm On Sep 06, 2022 |
Parachoko: Just send me your account details make i wire u small aza make u take understand yourself |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Parachoko: 1:41pm On Sep 06, 2022 |
kingyakos:When you're ready, you go drop number make we meet. We go know who truly need the change between you and I I'm presently in Ikoyi like this, if e sure for you say you no b lowlife, drop your number make I call you so we go meet 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by DesignMaestro(m): 3:16pm On Sep 06, 2022 |
sanpipita:Yes I read it. That's why I said he contradicted himself in my other comment on this thread. Tackling insecurity, improving infrastructure and encouraging local production means government will have to spend more. Low interest loans will also have to be made available to small scale farmers and enterprises to encourage local production. My argument is actually that the contractionary monetary policy he mentioned contradicted other things he said, e.g supporting start ups and SME's, spending on regenerative projects, etc. 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by kingyakos: 4:44pm On Sep 06, 2022 |
Parachoko: Paddy man no be u be d 1st or d last person wey i dey do give away for after we don insult oursef for online and i no doubt u say weada u be azaman or not, even if i get all d money in the world dat no fit make me doubt or be little any man. No wahala say u no need my aza and big thumps up to u and ur hustle and as for my phone number, u no know me and i no know u too so i no fit give u my phone number. Cheers... |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by ElSudani: 4:50pm On Sep 06, 2022 |
DesignMaestro: Obi doesn't know what he is talking about. 2 Likes |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Parachoko: 4:51pm On Sep 06, 2022 |
kingyakos:Nah visit I com visit for Ikoyi sef. Have a good day man |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Whynotthetruth(m): 5:14pm On Sep 06, 2022 |
bewla: Soludo and Sanusi implemented a part of what he said during their terms as CBN Governors and it worked tremendously well... So what's about realistic solution? |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by bewla(m): 5:18pm On Sep 06, 2022 |
Whynotthetruth:Na Igbo man be cbn governor now he can be pressure to do it now By his people Or wait Am sure the economy team are of competent people |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by tenpipsperday: 6:25pm On Sep 06, 2022 |
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by waldigit: 6:38pm On Sep 06, 2022 |
nlfpmod:We need a short term systemic approach to address Inflation . We need to first settle security like he said but in addition next to that should be food security. The best approach to combat inflation is from supply side. Many shy away from this approach because the think it is a long term process. But agriculture comes to our rescue on this because: 1. It is a common need. 2. It's involves a short term process 3. We have comparative advantage in it. 4. The technology involved is not too complex unlike power or other sectors. If Obi gets in he should get accross he has no problem. We are here for him. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by plaindealer: 6:57pm On Sep 06, 2022 |
This is another reason why Obi is not ready or equipped to administer a primary school and definitely not Nigeria. This latest foolery reflects the fact that this man either doesn't understand the most basic economic understanding, is very ignorant about our economic situation in Nigeria or he's just as expected, dull, slow learning or just taking Nigeria for a ride. First, he screamed and yelled about our consumption and that we should be a production and manufacturing economy, then he's on national TV openly boasting that he was the sole importer of consumer goods from Heinz to beer and other rubbish products he littered Nigeria with, the very things and destructive imports that killed our local manufacturing industry. Now, the same man is contradicting himself with some economic theory he read about but did not fully comprehend how it works when it's used and how. How do you offer prescriptions to treat the wrong issue? What this man is suggesting is used to slow down a fast-growing economy and a GDP that's growing out of control which at this point it's the opposite for us, our economy and GDP are not growing out of control so this is the wrong prescription, doing what this man suggested means increase interest rates which in turn dries up funds for factories and manufacturers, it means they can not invest or grow their operations, they can not hire and even possibly lay off workers. Nigerians also won't be able to apply for any kind of loans and if possible at all, they won't be able to sustain the high-interest rates. If you are going to suggest or come up with ideas, at least reaserch and understand what you are suggesting and advocating because this man sounds so stupid, ignorant and unintelligent. Every time he opens his mouth, he's either lying or saying something very dumb and stupid. 2 Likes 1 Share |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by misano(m): 7:36pm On Sep 06, 2022 |
aribs: The CBN is printing money for Federal Government. That will to lead to inflation. And to control inflation you will need to reduce money in circulation. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by jahrule: 9:08pm On Sep 06, 2022 |
fiizznation:don't bother yourself too much, he graduated with a pass, and he is already exhibiting the class of his degree. Many Nigerian youth are dumb, they only follow who talk more. Once you are eloquent, most of them see you as been intelligent, especially when those dumb celebrities canvas or route for a candidate, most Nigerian youths won't take time to analyse or dissect what is being said. I have always picked holes whenever Obi speaks, but most people are carried away because he is acting smart by always quoting statistics, and regurgitates already known Nigeria problems without providing any clear-cut strategies on how to tackle them 2 Likes |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by aribs(m): 9:35pm On Sep 06, 2022 |
misano:And in your estimation you think unbridled printing of money is the only cause of this inflation? Simple definition of inflation of the demand pull type is too much money chasing too few goods right ? In your estimation since we don’t produce enough how will mopping up those funds address the root cause of our own type of inflation ( which certainly isn’t demand pull)? 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by DimIsaac10(m): 9:38pm On Sep 06, 2022 |
This man is really a motivational speaker. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Wizmj4real(m): 12:00am On Sep 07, 2022 |
rusher14: Olodo |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Haywhy3579: 12:09am On Sep 07, 2022 |
emmyloved:My oga but why is he suddenly becomes genius. We have known him all this while and nobody ever saw a sign of genius in him until during this presidential campaign that some tribe just suddenly turn him to massaire. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by emmyloved(m): 3:50am On Sep 07, 2022 |
So what is your point? Haywhy3579: |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Idiko1: 5:37am On Sep 07, 2022 |
fiizznation: It is fair to say your Thiefunbu or Atokumbo is neither economist nor a trader. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Thomas464: 1:25pm On Sep 07, 2022 |
jerseyboy: Perhaps it's you who doesn't understand! A world class economist you're trying to contradict because of your bias mindset. Leave sentiments apart. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Thomas464: 1:28pm On Sep 07, 2022 |
Idiko1: If it can work there why can't it work here? If not for the fact that the criminals we have in government do not want to do the right, we won't be where we're today. They only travel for leisure and pleasure and not for learning. They know what they're supposed to do but they refused doing it rather they complicate things making us feel its impossible to achieve |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 11:39pm On Sep 07, 2022 |
Like you used it during your tenure as governor in Anambra, pack all the money and keep with you abi? |
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