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!!

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

Parachoko:
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%

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

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

gaby:


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

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.

vicshub:
big lies. You and your family will Embody what APC is about.

donsoronzo:


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

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.

Murphyenemuwe:
Be careful when anyone tells you he's supporting Obi. They are loud and empty just like their messiah. One of the side effects of contractionary monetary policy is that unemployment rate will go so high and unimaginable. Add that to existing problems in the country and things will go out of hand. Common sense should have propelled them to go online and use their data to know much about the policy being discussed. But no they only use data to troll. From endsars till now made me feel concerned for our future as youths. Obi is soaring on thier ignorance or better still Obi is ignorant as well

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; 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?

You made my day!!!
What an intelligent contribution!!! Unfortunately, Nigerians are too daft to know that the man did not communicate sense!!!
He's a mere orator!!!

BurialGround:


Keep your Juvenile analysis to yourself.
We know that obi will never make sense to you people.

sanpipita:
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

Esseite:
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..

KillSars:

Explain what he just posted...

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!!

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

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.

Ventura1:
People seem not to understand the implications of allowing FX determined by market forces, the dollars demands in Nigeria is insanely high, and if demands and supply dictates the rate, 1 USD would have exceed 1000 naira.

ElSudani:


They would rather watch BBN with the data than educate themselves.

ElSudani:


He will never make sense to most Nigerians. Except zombidients of course.

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.

ogatboy:


Let me explain simple economics for you, fighting inflation will not be about raising taxes or increasing cost of items but rather mopping up excess money in the system. In other words, those thieves will not see access to looted fund but rather the money will be used to support sme

Parachoko:
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

ogatboy:


Because people are hoarding it. Politicians are using it as a currency within the country and our exports are very small.

Policies the encourage more exports will reverse the trend almost immediately

Parachoko:
Have you make research and find out am saying lies?

Nah me dey waste my time dey reply a foolish kid like you

vicshub:
All these only data having urchins. Do you know what 70% inflation is. How did you do your calcultion (that's if you know any form of arithmetic). Did you put in view our GDP, external reserves and market forces of that time and now? Show me your parameters. I guess not. You are too dumb to do that as an urchin. Google and paste people. If you don't know anything, say it and you will be thought. Olodo oshi

Sunnyja:
Then tell Buhari to print Aso rock full of Naira just as Idia Amin did in Uganda in the 80s to the point their Central bank governor called their currency "shit money.

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.