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I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi (21085 Views)

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I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by nlfpmod: 9:44pm On Sep 05, 2022
These are my views on the economy.

Flutterwave, on its own, was recently valued at US$3 billion. We will create an enabling environment for our startups to thrive. Beyond creating access to easy funding,

We will enforce the legal framework protecting foreign investors and their indigenous partners. This is the only way to improve our business environment and tamper capital flight.

We will stop borrowing for consumption. All loans must be invested in regenerative projects. Inflation is a factor of spending on goods and services outstripping production. Since we have not resolved the minimum wage issue,

We will not use wage and price controls to fight inflation. Rather, we will pursue a contractionary monetary policy. We will mop up excess liquidity by reducing the money supply within an economy.

The truth is that for long market forces have not determined the exchange rate of the Naira. The two tier foreign exchange regime is a fluke. It has to end. Let the exchange rate be determined by the forces of demand and supply. It is that simple.

Government must continue to collaborate with the organized private sector in this regard. Creating the enabling environment for raising employment must start with expanding the SMEs cluster via unfettered access to funding. -PO

https://twitter.com/PeterObi/status/1566527387986182145

139 Likes 15 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 9:45pm On Sep 05, 2022
Great

Contact me for your Academic Assignment, Articles, power point, proposals, research works and also with good Turnitin report.

87 Likes 4 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by SpecialAdviser(m): 9:46pm On Sep 05, 2022
Where are those saying our mentor is not offering solution?

Our mentor our love our heart. It's youths O clock. Old thieves leave us alone.

315 Likes 24 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by NaijaRoyalty(m): 9:47pm On Sep 05, 2022
This man will make a good president

255 Likes 22 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by NaijaRoyalty(m): 9:47pm On Sep 05, 2022
Peter obi is an intelligent man and that's why Ex President Olusegun Obasanjo strongly believes in him

282 Likes 22 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by manutdrichie(m): 9:48pm On Sep 05, 2022
Now this is the only candidate that is ready

237 Likes 17 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 9:49pm On Sep 05, 2022
Good point... the economy is tight already, production would take a process, I believe the template used in managing Anambra where cost of governance was reduced to bearest minimum should be employed to help distribute scarce monitored resources to areas of urgent need.. the major problem would be the cash-cow bottomless pit areas such as insecurity in the north.. we should have collaborations with stronger nations on mercenaries...

I strongly believe that the exchange rate would crash the moment Obi is declared, while it might skyrocket for the others if other candidates are declared..

213 Likes 20 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 9:49pm On Sep 05, 2022
SpecialAdviser:
Where are those saying our mentor is not offering solution?

Our mentor our love our heart. It's youths O clock. Old thieves leave us alone.
Explain what he just posted... grin grin

81 Likes 13 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by GodsOwnMan: 9:50pm On Sep 05, 2022
cheesy he doesn't even know what he is talking about, 3rd class graduate oshi cheesy

60 Likes 18 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by slivertongue: 9:50pm On Sep 05, 2022
Policy .

The truth is that for long market forces have not determined the exchange rate of the Naira. The two tier foreign exchange regime is a fluke. It has to end. Let the exchange rate be determined by the forces of demand and supply.

53 Likes 6 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 9:51pm On Sep 05, 2022
OBI HAS NO IDEA WHAT HE HAS JUST SAID

76 Likes 21 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by AfricanColumbus: 9:52pm On Sep 05, 2022
Obi's recommendations

● Create enabling environment ✅

● Protect foreign investors and their indigenous partners ✅

● Stop borrowing for consumption ✅

● Mop up excess liquidity to tackle inflation ✅

● Expand SMEs cluster by creating unfettered access to funding ✅

An economist speaking!

184 Likes 16 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by manutdrichie(m): 9:52pm On Sep 05, 2022
GodsOwnMan:
cheesy he doesn't even know what he is talking about, 3rd class graduate oshi cheesy

Tell your candidate to come out and tell us how he will rule us, we deserve to hear from him

229 Likes 21 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by ElSudani: 9:54pm On Sep 05, 2022
The first two has been done in Lagos already.

https://www.ft.com/content/ff0595e4-26de-11e8-b27e-cc62a39d57a0

Trust people who have done it before, not I will do this and that.
He was trying to impress zombidients with highfalutin words without knowing what it means when he was talking about contractionary monetary policy.

35 Likes 7 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Blesimgs: 9:54pm On Sep 05, 2022
God bless the President

68 Likes 4 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by fiizznation: 9:58pm On Sep 05, 2022
AfricanColumbus:
A fantastic economist!
There is nothing fantastic about what he said. The man when to USA and heard about contractionary monetary policy (a kind of macroeconomic tool) that the USA adopt for their federal reserve, and boom, the man(obi) just assumed that such policy can work for Nigeria.

What works for A is not likely to work for B. There is a big difference between an economist who understands every dynamism of both micro/macro economics with someone who is a trader.

54 Likes 15 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 9:59pm On Sep 05, 2022
fiizznation:
There is nothing fantastic about what he said. The man when to USA and heard about contractionary monetary policy (a kind of macroeconomic tool) that the USA adopt for their federal reserve, and boom, the man(obi) just assumed that such policy can work for Nigeria.

What works for A is not likely to work for B.

What then has worked for B?

149 Likes 17 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Everythinggood: 9:59pm On Sep 05, 2022
English too much, abeg make una kowaa nkea nke oma maka ndi agbado urchins grin

25 Likes 3 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by NwaNimo1(m): 10:02pm On Sep 05, 2022
Simple....CBN stop the money printing backed by nothing!

[img]https://giffiles./216/216377.gif[/img]

L.ets

P.rogress

107 Likes 13 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by SpecialAdviser(m): 10:03pm On Sep 05, 2022
KillSars:

Explain what he just posted... grin grin

Will you be willing to listen?

42 Likes

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by aycapri(m): 10:03pm On Sep 05, 2022
Nice

3 Likes

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Chymummy89: 10:03pm On Sep 05, 2022
Hello... obidient in the house . Una own person for BBN is up this week for eviction. Try to vote for him. Start ur obidient from there. Don't allow APC and pdp to finally label obidient social media party. Campaign for him. Obidient children can do it. Vote for eloswan.....

9 Likes 3 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Eriokanmi: 10:03pm On Sep 05, 2022
It's your field. We know you can

2 Likes 2 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by pepetua(m): 10:04pm On Sep 05, 2022
Carry go my dear.

5 Likes

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by rusher14: 10:04pm On Sep 05, 2022
grin

I swear the 3rd class graduate of Philosophy has no clue what he just said.

16 Likes 8 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 10:04pm On Sep 05, 2022
Ok
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Amalekki: 10:04pm On Sep 05, 2022
Scammer grin

7 Likes 3 Shares

Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Eriokanmi: 10:05pm On Sep 05, 2022
Chymummy89:
Hello... obidient in the house . Una own person for BBN is up this week for eviction. Try to vote for him. Start ur obidient from there. Don't allow APC and pdp to finally label obidient social media party. Campaign for him. Obidient children can do it. Vote for eloswan.....
We also have PVC. Wait for the D-day ok?

7 Likes

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