rusher14:


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

Parachoko:
You're the most foolish person on Nairaland

For you to be asking me this kind of questions shows how shallow you are

You have no idea of this issue you want to engage yourself in. You're so dumb and shallow, this issue you're engaging yourself in, is beyond your capacity.

I won't be wasting my time with you again because I can't believe a sane person will be asking this kind of questions

Please go and sleep

Ask your father tomorrow why inflation was that high under Abacha, in 1993 and 1994, inflation was above 50%.

bhella10:
Even UK no fit. Na Obi a third class graduate who couldn't leave a solid legacy behind after 8 wasted years in Anambra

Parachoko:
I wont be wasting my time with an ignorant and foolish kid like you

Ask your father about wetin dey go on during the military regime of Abacha.

He will be able to explain to you why inflation was that high

bhella10:
Even UK no fit. Na Obi a third class graduate who couldn't leave a solid legacy behind after 8 wasted years in Anambra

Ventura1:
And what are the policies for citizens that have unquenchable desire for foreign goods. Isn't that some of the things Buhari attempted (Banning rice importation & shutting boarders) that got everyone crying. Nigerians complaining of stones in local rice, rather than thinking of how to solve it, and the overall advantages of consuming local products.

dchamp234:

And what. Class does your tinubu or atiku have, or even buhari who has ruled for 8 years?

donsoronzo:


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

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

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!!

bigpicture001:
Everything he said is good. Except for the allowing the market forces determine the exchange rate....

If that happens the dollar will immidaitely exchange for. 4k naira

We have to first increase our forex supply first.... If much forex don't enter the economy.. den the demand side will outweigh the supply side of the forex and naira will crash... I mean crash heavily

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%

Parachoko:
You're the most foolish person on Nairaland

For you to be asking me this kind of questions shows how shallow you are

You have no idea of this issue you want to engage yourself in. You're so dumb and shallow, this issue you're engaging yourself in, is beyond your capacity.

I won't be wasting my time with you again because I can't believe a sane person will be asking this kind of questions

Please go and sleep

Ask your father tomorrow why inflation was that high under Abacha, in 1993 and 1994, inflation was above 50%.

KillSars:

Explain what he just posted...

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

jerseyboy:
OBI HAS NO IDEA WHAT HE HAS JUST SAID

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

NaijaRoyalty:
This man will make a good president

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.

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

slivertongue:
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.

donsoronzo:


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

fiizznation:
Maybe Mr Obi should stop saying things he has no iota of idea on.

rusher14:


This story is well known unless you are trying to pretend.

sanpipita:


Expansionary monetary policy is what Buhari has been doing, that's why our inflation is high and currency value low, if we want to fighting inflation contractionary policy is the way, many economics agree to this

J0r0hh:

This guy just dey use english confuse zombidients.

nlfpmod:


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

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

Taigaban:
I would advice that we leave all this unnecessary grammar and face the fact. Nigeria should as a matter of urgency return to Agriculture. Here I do not mean paper agriculture, I mean practical mechanise farming. Can't Nigeria plant Rice and other grains to feed the entire African countries? Agricultural economy can survive even the worst economic recession. This is because at all times, the citizens will have enough food to eat and at affordable price.

misano:


Say you've no idea what he just said. So U didn't attend economics classes. Tell me which part you didn't understand let me explain.