nlfpmod:


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

Get ready another Hunger coming again... Just one month in office u will start hearing excuses... Experience matters oooo follow who know road o... Person weh don enter there before know wetin de sub and how to tackle it with person weh during ehn time as governor people suffer for ehn state

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

You have not answered the question.

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.

Can they even understand what he is saying…. that is the thing with those people because the only language they are used to is PDP and APC yabing each other like market women…seeing APC or PDP leaders trying to outshine each other on buying corn, grandnut, banana or eating with children in the streets…So Peter actually came in from a totally strange approach to electioneering which is elien to those zombies hence the reason you hear them wail Obi is a lier theirs nothing else they can say.

BlazinGlory40:


And you that voted senselessly for buhari twice is qualified to know who is confusing other people? This life sef.

Is that why you are supporting another failure? Well since your father was a failure, it is expected you will be a failure yourself, carrying the family mantle.

Looks at yourself and look at your mates..blazingfailure .

U be jabez, u dey try change name, ur name no fit change.

Parachoko:
Do some of you guys have sense at all on this forum? I no even understand what you're talking about.

See the comment I replied to... Wetin concern your comment with the comment I am replying to? What's the correlation between your comment and my comment?

Have the Govt. not try this before under Buhari? If the Government let the exchange rate to be determine by the forces of demand and supply, the Naira will totally collapse.

Some of you are just so shallow and your comments irritate me.

You're asking if I have sense? Why didn't you simply answer my question?

Soludo deregulated the exchange rate- allowed it to be determined by market forces. That's why he started the sale of $20,000 to the BDC weekly. This flooded the parallel or black market with dollars. The Naira was ₦120 at the official rate and parallel market ₦122

That is what market determined exchange rate looks like. Lamido Sanusi said the difference between the official and parallel market should never be more than 3%. During his time, it was about ₦155 at the official and ₦160 at the black market.

Today, the disparity is more than 60% because Buhari dictates to what the degree the official rate can move. The massive disparity is an indicator of market failure. If the Naira ws dictated by market forces, the official rate would be around ₦500/$1.

So, a market determined exchange isn't new. Nigeria has implemented it in the past with roaring success. Buhari's interventionist system has created an extremely corrupt system where the well buy at the official rate and sell at the black market rate. Any disparity between the 2 rates higher than 3% leads to distortions in the economy and sharp practices.

A market determined rate is fair to everyone and not just the well connected.

Parachoko:
What have we been using for years before Buhari started dictating?

I find it so hard to even understand what you're talking about

Is not compulsory to comment on every thread

It was a flexible exchange rate systen. It was determined by market forces. And it worked very well.

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

A Lagos business school graduate

Havard Business school graduate

To mention just this two you can go and verify others which speaks volume on how he has been able to manage his business and remained at the peak still.

He is way higher in knowledge and character to the rest of the candidates who are still struggling to present a common Primary six certificate they want to come and misrule like Buhari just did. Heaven no go let them and with our PVC we no go let them!

ATLIEN2027:
Pathological liar scammer.

Peter Obi tuary just say rubbish trash for his Zobidient followers.

This type of Tinubu supporters are found under Oshodi bridge. cant you see how he talks. fuulishly and baseless.

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

First class graduate like you without anything to show for it.

Suffering and smiling personified.

https://www.businessinsider.com/personal-finance/what-is-contractionary-monetary-policy?r=US&IR=T

Contractionary monetary policy is a strategy used by a nation’s central bank during booming growth periods to slow down the economy and control rising inflation.

The Federal Reserve uses three main contractionary monetary tools: increasing interest rates, increasing banks’ reserve requirement, and selling government securities.

The primary purpose of contractionary monetary policy is to make it harder for companies and consumers to borrow and spend money and, in turn, halt inflation.

https://www.investopedia.com/terms/c/contractionary-policy.asp

read all of this, and you realise once again, peter obi is just spouting BS.

i have highlighted three terms -

booming economy [ maybe PO can tell us if the economy is booming]

increasing interest rates

bank rate in nigeria is 14%
bank rate in us is 2.5%

the bank rates in nigeria have always been high - which discourages private businesses . as an example, thus is why so many construction companies, who finance projects with bank loans are already in trouble - and why so many businesses may be opting for alternative sources of funding

selling government securities - those are the govt bonds that were so popular until the rates were crashed

once again - Peter Obi has dropped an easily debunked proposal, that will nonetheless have his supporters falling all over themselves to celebrate his great plans for nigeria. just pull it out of your ass, smear it on the faces of your supporters and they will say they have been anointed.

Amalekki:
Scammer

Ask Tinubu to come for live TV interview.

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!!

You know your onions. Very intelligent analysis.

GloriousGbola:
https://www.businessinsider.com/personal-finance/what-is-contractionary-monetary-policy?r=US&IR=T



https://www.investopedia.com/terms/c/contractionary-policy.asp

read all of this, and you realise once again, peter obi is just spouting BS.

i have highlighted three terms -

booming economy [ maybe PO can tell us if the economy is booming]

increasing interest rates

bank rate in nigeria is 14%
bank rate in us is 2.5%

the bank rates in nigeria have always been high - which discourages private businesses . as an example, thus is why so many construction companies, who finance projects with bank loans are already in trouble - and why so many businesses may be opting for alternative sources of funding

selling government securities - those are the govt bonds that were so popular until the rates were crashed

once again - Peter Obi has dropped an easily debunked proposal, that will nonetheless have his supporters falling all over themselves to celebrate his great plans for nigeria. just pull it out of your ass, smear it on the faces of your supporters and they will say they have been anointed.

Can you kindly ask your candidate to come on live TV tomorrow for an interview to give us his own analysis?

This is not time to be hiding under his wife's bed and sending people like you to speak for him.

nlfpmod:


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

oga you dont need to proove anything to all those dullard from the north, we all already know how intelligent and smart you are. You already have my vote and that of my girlfriend next year, and i will broke up with her if she vote atiku or tinubu next year because she is too strong headed.

Prepared paper solutions wch are not visible in Nigeria economy. If he is too intelligent, it should have reflected on his academic perform ance. This means that the ends does not justify the means. How can 3rd class suddenly claims to be a genius. No be juju be that.
Also all government will always tell u they will encourage start up carpital.
I guess this man is just Jonathan pro max, if he ever bcoms president in his dreams, he will just start given monopoly license to ipob terrorist

broadman20:


Can you kindly ask your candidate to come on live TV tomorrow for an interview to give us his own analysis?

This is not time to be hiding under his wife's bed and sending people like you to speak for him.

fortunately you admit that you cannot counter what was written

i know you were very excited when you saw the words 'Contractionary Monetary Policy'

jerseyboy:
OBI HAS NO IDEA WHAT HE HAS JUST SAID

Do you have an idea? Do you?

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

Oya take mic explain since you think he doesn’t know what he just said.

GloriousGbola:


fortunately you admit that you cannot counter what was written

i know you were very excited when you saw the words 'Contractionary Monetary Policy'

I will only counter you when I see your candidate on a live TV program analysing his views about the economy that's how debate is done.

Why is he even hiding up and down as if he is a criminal? this is an election for Christ sake.

donsoronzo:


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

Not true...

Even Finance minister once said they borrow to meet up with recurrent expenditure

rusher14:


Peter Obi's father was killed by a drug cartel.

Ask Hundeyin to publish that.

No offence but how old are you?
you were asked a simple question to answer and instead of answering, you went as far as bringing up the death of his father. Even a teenager when asked a simple question, answers with atleast 35% of sense.

If obi's father was killed by a drug cartel and so? What does that has to do with the question that was thrown at you.

Next time a question is thrown at you and paraventure, you don't know the answer, go and research and give answers to the question if you can. It will really save you from looking unreasonable and from embarrassment.

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

hope you're aware that degrees sometimes aren't a measurement to a man's intellectual capacity?

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.

I think you're not reasoning well because you don't like Peter Obi...

He talked about policies that will exponentially grow the economy such that the naira will be allowed to freely find its level and feet in the market...Base of every robust economy is SMES(grow them and economy thrives); Peter just dropped conscious and active plans on growing them...He also talked about boosting investors confidence by dropping a legal framework protecting their investment and then their local partners... Oga, how would naira not be strong under such conditions? I knew Buhari didn't mean well immediately he killed YouWin( an active Government initiative at growing SMES)...and backed by Tinubu's best hands, they bequeathed us anarchy.

But instead of reading with understanding, you rushed to castigate him...Drop emotions

Buhari didn't put those measures in place, so if they allow naira to find its feet, wahala go full everywhere

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!!

My goodness...you're arrogantly ignorant... sorry Oga... big sorry...smh

bewla:
One thing I find here is am lost from what he just said
I believe it's just all story

What's he saying that make sense

I was thinking his going to look how to remove burue de change
And reduce national assembly

Thanks for accepting you're lost...

This is beyond you and I will explain a bit...

First, he is discussing economy/economic management... Issues about NASS is administrative and constitutional...

BDC aren't bad just that you need to manage their excesses... which shouldn't be decreed.

What he just said here will address such issues raised by an elderly Yoruba man who swore to miss Paradise if he doesn't vote Peter Obi...

Thank You

Feel free to ask me more questions

Contractionary monetary policy could work....
Because we don't trust the banks...
They release too much money out to people who don't really need it...

So increase the interest rate, this will scare the people away from getting loans and co....thereby reducing the money in circulation...

Now peter obi must also know that , contractionary monetary policy can only work in Nigeria at present if there is a strong expansionary fiscal policy where govt increase it's spending while making tax constant (cause we can't reduce tax at the moment)...so as not to kill off the ordinary citizens....cause the too much money in circulation that you are trying to reduce are in few hands (hoarded mostly in dollars for spending in the future by corrupt individuals)
*Cost push inflation is still the major inflation issue for me Sha rather than too much money cause of inflation


I really want this Peter obi to win ...
Once he wins , the youth don win
So after his 8 years...we will have the same power to be able to appoint somebody credible and justifiable then it goes on and on till Nigeria go beta

Lots of irritating and baseless arguments on an intellectual thread that should've made people to think and think...only to be messed with idle talks... Nigeria is finished with ignorant populace

Haywhy3579:
Prepared paper solutions wch are not visible in Nigeria economy. If he is too intelligent, it should have reflected on his academic perform ance. This means that the ends does not justify the means. How can 3rd class suddenly claims to be a genius. No be juju be that.
Also all government will always tell u they will encourage start up carpital.
I guess this man is just Jonathan pro max, if he ever bcoms president in his dreams, he will just start given monopoly license to ipob terrorist

funny!
Are you graduate? If yes, what did you graduate with?
My dear it's not about degree.
Haven't you heard of a young man by the name Mustapha Gajibo who was a school drop out who eventually became Nigeria first man to create an electric bus.

ExudeLoveToAll:


How much has your first class brought to your table?

The ability for you to use your education to make positive change makes you successful and not the first, second or third class written on your degree.

The presidential debates will soon come up, let's see the supposed first class candidate come up and debate.

It would be more easier for a camel to pass through a needle's eye than for an Ibo man whom you people support to become Zoo PRESIDENT

nlfpmod:


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

I said so and Obi had confirmed it that he has little or no knowledge of Nigerian economic peculiarity.

Contractionary monetary policy would make Nigerian suffer the more.

Inflation we are currently experiencing is not demand pull induced as a result of excess liguidity in circulation. It is due to cut in production and supply chain and coupled with imported Inflation from abroad.

Using contractionary monetary policy would further cause shortage of cash in circulation and will push cost price higher the more.

On forex, letting forex market to adjust itself to equilibrium would hike the rate of dollars and other hard currency against Naira. This is because Nigeria economy is a consuming nature where we make constant demand for hard currency to go abroad for importation. Hence, hardship for common man on the street.

He is a business tycoon and not an economist.

Let Nigerian be guided and if he wins, expect serious hardship if he pursue that economic policy.

Thank you!!!