Parachoko:
Some of you just love arguing for arguing sake.

The Govt. followed your advise and saw how disastrous it is, they had to intervene when they saw how the naira was falling against the dollar.

If not for the CBN intervention, the naira will be more than ₦1500 against the US dollar by now.

If the exchange rate is determine by the forces of demand and supply, naira to Dollar might be close to ₦2000 right now

Your idea have been tried and it failed.

Nigeria is not ready for such a policy.

CBN intervention yet we've never experienced such inflation and devalue of naira in Nigeria history...... will you just shut your rabbis mouth up and stand by the truth for once

Meanwhile Agbado economics fake first class Tinubu said " print more money"

casualobserver:


do you actually understand what he is saying? The man is clueless!! but ofcourse his supporters are too dumb to understand what he just tweeted. I am sure Obi himself does not understand what he just posted probably Utomi who told him what to type.


Well let me explain to you idiots. The Nigerian economy needs expansionist policies not contractionary monetary policies. The ley word there for those of you who have a brain is "contraction". you use contractionary monetary policies when your economy is overheating and there is inflation, like currently exists in the US. Nigeria's inflation isnt caused by an overheating economy, it is caused largely by imported inflation due to plummeting exchange rate. You dont solve that problem by contracting the economy, what you will then induce is stagflation or depression, a situation where the economy is contracting due to tightening of liquidity in the economy and inflation is still rising (because the primary cause of inflation (devaluating currency) is not adressed.


It shows the man and his team have little understanding of the economy!! I am dissapointed in Utomi if he has a hand in this, I thought he was more intelligent than this. If only Obi knew how much of a fool he has just made himself look in front of knowledgeable people!!

God bless you for this. Everyday, Mr Obi just exposes himself as a very clueless person. I won't be surprised if he actually doesn't understand what he even tweeted. Developing countries have no business in contracting their economy. It doesn't even make any sense.

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.....

Lol. If they save Eloswan they will still be accused of being a social media party

donsoronzo:


But FG didn’t borrow for consumption they actually borrowed for project

Borrowing for debt servicing and certain types of infrastructure are consumption. Borrowing should be used for regenerative projects as cited by Peter Obi.

Parachoko:


You're asking me a very foolish and unnecessary question because I never told you the naira is doing well against the dollar right now.

I'm telling you your idea have been tried by the Buhari administration, and it failed.

The quality of living under Abdulsalam is better than the quality of living under Obasanjo, the quality of living under Obasanjo was better than the quality of living under Yardua, the quality of life under Yardua is better than the quality of life under Jonathan, the quality of life under Jonathan is better than the quality of life under Buhari.

Some of you just talk for talking sake

You are doing talking for the sake of talking.

Padding Naira with naira is what you call a policy? I repeat this govt is horrific

kingyakos:




CBN intervention yet we've never experienced such inflation and devalue of naira in Nigeria history...... will you just shut your rabbis mouth up and stand by the truth for once

Most of you are just kids or you're not just intelligent or just choose to be Ignorant.

In 1995, the inflation rate in Nigeria is more than 70%

slivertongue:



You are doing talking for the sake of talking.

Padding Naira with naira is what you call a policy? I repeat this govt is horrific

Any Government that takes over will keep on intervening on behalf of the Naira.

If they do not, Naira will collapse against the dollar.

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. There is a big difference between an economist who understands every dynamism of both micro/macro economics with someone who is a trader.

ok. We would try him.

GodsOwnMan:
he doesn't even know what he is talking about, 3rd class graduate oshi

Ok

1st class material

Pls outline your own strategies, let's see

AfricanColumbus:
Obi's recommendations



An economist speaking!

I hope you guys understand that aside from the above checked boxes that insecurity is also an issue to be given a good deal of consideration and without which all of the above checked will remain an illusion.

Just trying to get us all to be realistic. No be quarell

GodsOwnMan:
he doesn't even know what he is talking about, 3rd class graduate oshi

3rd class...kindly show me the result of ur deformed candidate. God no own u at all

fiizznation:
God bless you for this. Everyday, Mr Obi just exposes himself as a very clueless person. I won't be surprised if he actually doesn't understand what he even tweeted. Developing countries have no business in contracting their economy. It doesn't even make any sense.

lol

https://corporatefinanceinstitute.com/resources/knowledge/economics/contractionary-monetary-policy/

kingyakos:




CBN intervention yet we've never experienced such inflation and devalue of naira in Nigeria history...... will you just shut your rabbis mouth up and stand by the truth for once

I won't blame small boys like you

In1995, the inflation rate was more than 70%, but yes,you wanna wail, so keep on wailing.

nlfpmod:


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

It is true this man just speaks to impress his audience. How can you be speaking and be contradicting yourself?

1. You said you will adopt contractionary monetary policy thereby reducing money in circulation. This policy is adopted in an economy where inflation is caused by too much money in circulation. Example, increase in the purchasing power of the masses which leads to increase in demand and consequent increase in price of goods and services. It is a policy which is adopted in a period of economic prosperity (when people earn more money) in order to curb inflation.

In our own case here, Nigeria is not producing enough for its consumption and people's purchasing power is low. The major cause of the current inflation is high cost of production/importation not a rise in demand.

The obvious thing for a reasonable government is to encourage local production. Fix power issue, fix secury challenges and improve infrastructure; also make fund available for local farmers and SME's.

2. He stated that SME' s will be encouraged. How do you encourage them other than making fund easily accessible to them? With your contractionary monetary policy whereby interest rate is increased and lending is made more difficult, how do you encourage the survival of SME's?

fiizznation:
God bless you for this. Everyday, Mr Obi just exposes himself as a very clueless person. I won't be surprised if he actually doesn't understand what he even tweeted. Developing countries have no business in contracting their economy. It doesn't even make any sense.

He is clueless. This is a guy who made 20 million dollars investment which is today only worth 5 million. I wouldn't let a guy like that run my company not to talk of my country.

casualobserver:


do you actually understand what he is saying? The man is clueless!! but ofcourse his supporters are too dumb to understand what he just tweeted. I am sure Obi himself does not understand what he just posted probably Utomi who told him what to type.


Well let me explain to you idiots. The Nigerian economy needs expansionist policies not contractionary monetary policies. The ley word there for those of you who have a brain is "contraction". you use contractionary monetary policies when your economy is overheating and there is inflation, like currently exists in the US. Nigeria's inflation isnt caused by an overheating economy, it is caused largely by imported inflation due to plummeting exchange rate. You dont solve that problem by contracting the economy, what you will then induce is stagflation or depression, a situation where the economy is contracting due to tightening of liquidity in the economy and inflation is still rising (because the primary cause of inflation (devaluating currency) is not adressed.


It shows the man and his team have absolutely no understanding of how economies work!! I am dissapointed in Utomi if he has a hand in this, I thought he was more intelligent than this. If only Obi knew how much of a fool he has just made himself look in front of knowledgeable people!!

lol you think you know economics more than Peter Obi


https://corporatefinanceinstitute.com/resources/knowledge/economics/contractionary-monetary-policy/

Arysexy:
Meanwhile Agbado economics fake first class Tinubu said " print more money"

Where did you think the US got money she gave to her citizens as bail out during Covid-19? Yea, they printed dollars.

Even the EU had to print more euros and handed it out as bail out to her citizens and some EU countries.

Most of you boys on Nairaland are foolish and just love wailing for wailing sake

DesignMaestro:
It is true this man just speaks to impress his audience. How can you be speaking and be contradicting yourself?

1. You said you will adopt contractionary monetary policy thereby reducing money in circulation. This policy is adopted in an economy whereby inflation is caused by too much money in circulation. Example, increase in the purchasing power of the masses which leads to increase in demand and consequent increase in price of goods and services. It is a policy which is adopted in a period of economic prosperity (when people earn more money) in order to curb inflation.

In our own case here, Nigeria is not producing enough for its consumption and people's purchasing power is low. The major cause of the current inflation is high cost of production/importation not a rise in demand.

The obvious thing for a reasonable government is to encourage local production. Fix power issue, fix secury challenges and improve infrastructure; and make fund available for local farmers and SME's.

2. He stated that SME' s will be encouraged. How do you encourage them other than making fund easily accessible to them? With your contractionary monetary policy whereby interest rate is increased and lending is made more difficult, how do you encourage the survival of SME's?

Dude doesn't know what he is talking about. He was trying to impress zombidients.

People are talking about how the policy will make economic growth slower, is our economic fast growing today? his idea is to crash inflation and the policy gives the desired effect

rusher14:


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

Economist what is Liquidity
What's the role of supply and demand as a determinant of exchange rate

Professor answer

waw

Wizmj4real:


Economist what is Liquidity
What's the role of supply and demand as a determinant of exchange rate

Professor answer

After you've learnt to use punctuations.

KillSars:

Explain what he just posted...

Vawulence na your other name

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.

Talk is cheap, by the way peter obi "i will" "we will" is becoming stale, i think nigerians should be done with promises by now, GEJ promised us heaven & earth same as APC/Buhari where did that land us.

Most of the solutions Peter Obi proffer are non tested solutions, just like someone reading from an economics textbook whereas nigeria problems are broad & terrestial, how about Peter Obi should tell us more about things he has done either as a governor or business mogul that if replicated will fix, these where Tinubh has more leverage cos he sells ideas/solutions that have worked for him

And he signed it - PO.
So you will know he wrote it. Not tomorow now he ll come to deny or delete it

Oba ìrọ.. like the one you did in Alambra

ElSudani:


Dude doesn't know what he is talking about. He was trying to impress zombidients.

Honestly.
He is just playing to the gallery. I think he is completely overwhelmed by the hype already

rusher14:


After you've learnt to use punctuations.

you should be remanded in Prison for commiting Social media murder

GodsOwnMan:
he doesn't even know what he is talking about, 3rd class graduate oshi

Chicago certificate man, Tinubu, had no formal education at primary and secondary schools levels before he hoodwinked Chicago University to enrol to obtain a University degree.

Atiku never saw the four walls of a University as a young man but obtained bogus higher university degrees online.

NaijaRoyalty:
Peter obi is an intelligent man and that's why Ex President Olusegun Obasanjo strongly believes in him

Big Grammar will not ever finished
the seasons is already we will hear a lot of grammars