Spirit04:
the only qualifications here is Bachelor of Arts in Philosophy. He has the same qualifications as someone who left university yesterday. He doesn't have Masters or PhD. He's just a graduate. Nobody cares about 3 weeks programs.

yemmit90:


Could you please explain this better sir.

J0r0hh:

What did u even understand by what he stated?

How do you even want to change the economy, when there is no light, no roads... And you are soeaking english

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.

HIPROFILE:



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

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.

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.....

dirtydiva:
And who told you it won't work here in Nigeria? Did you know what Nigeria would have look like if those that ruled Nigeria was honest about their agenda for ds our country

When GDP in a nation is growing too fast, causing inflation to increase beyond a desirable rate of 2%, central banks will implement a contractionary monetary policy.

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.

Ezewuzie01:
You can be sure that someone wrote that down for him. Peter Obi we know is too dull to know what contractionary even means. The clown is a third class graduate of philosophy whose only knowledge of economy is being a miser and a public fund thief.

plaindealer:


Is our GDP growing too fast?

Obviously, this fool pulled this rubbish from his lying arse to fool is dumb ZombiDients.


What a dull clown.

Effects of a Contractionary Monetary Policy

Slow down economic growth

Reducing the money supply usually slows down economic growth. As the money supply in the economy decreases, individuals and businesses generally halt major investments and capital expenditures, and companies slow down their production.


Increased unemployment

An unwanted side effect of a contractionary monetary policy is a rise in unemployment. The economic slowdown and lower production cause companies to hire fewer employees. Therefore, unemployment in the economy increases.

jerseyboy:
OBI HAS NO IDEA WHAT HE HAS JUST SAID

SenatePresdo:


Obi has studied in many abroad business schools, Google his CV.

The Man is a pure intellect.

blessedbanky:
Good solution, let's keep believing

Meanwhile, contact us for IELTS, TOEFL, SAT preparatory classes at 5 Maxwell Avenue, NTA Road Mgbuoba, Port Harcourt, Rivers State. We also conduct online tutorials for persons who live outside the city.
Contact us on 08160074676

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.

SenatePresdo:


Obi has studied in many abroad business schools, Google his CV.

The Man is a pure intellect.

Timmi:


Offering solutions with big grammar. Do you know the meaning of what he said or you are just fluttered by his big grammar missive?

plaindealer:



And every time he opens his mouth lies and ignorant rubbish pollute the atmosphere..

plaindealer:
Obi is really really dumb, the man is just too dull.

Where did he get this foolish idea from?

This is done when you have an economy/GDP that is growing too fast and you must slow it down to control inflation, the opposite is the case in Nigeria, our economy is not growing too fast and we don't have too much money in circulation to mop up.

When you do a Contractionary monetary policy, you increase interest rates which increase the cost of borrowing for companies and consumers which will definitely kill off our economy because you can not borrow money to run your business and when you do, the interest is so high that you won't be able to pay.

You sell off government bonds and securities which won't be in our favor.

This fool is prescribing headache medicine for stomach pain.

What we need is an expansionary policy, the opposite of what this ignorant village clown is talking about.

They need to beg this fool to stop talking because this is really embarrassing.

SpecialAdviser:

Why not tell your own mentor to offer his own solution mbok?

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

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..

Ezewuzie01:
You can be sure that someone wrote that down for him. Peter Obi we know is too dull to know what contractionary even means. The clown is a third class graduate of philosophy whose only knowledge of economy is being a miser and a public fund thief.

bhella10:
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

donsoronzo:


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