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Nairaland Forum / Nairaland / General / Politics / I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi (21313 Views)
12 Members Of The CBN’s Monetary Policy Committee (Full List) / Malami: I Can't Advice On Monetary Policy / Contractionary Monetary Policy Cannot Solve The Problem Of Inflation In Nigeria (2) (3) (4)
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by jamace(m): 7:46am On Sep 06, 2022 |
Spirit04:You have limited knowledge about educational qualification. Certifications are part of educational qualifications, if you dont know. I will just leave you with your educational handicap. Pls, show us the educational qualification of your preferred candidate. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by bigpicture001: 7:54am On Sep 06, 2022 |
yemmit90: According to Les leba... He advocated for a stronger naira.. which will improve the national income of Nigerians, improve standard of living, dignify naira as a national currency, mk the naira a rallying currency at West African trades... He dowsed the fears of economist who fears that a stronger naira would mk export more expensive.. ND put us at disadvantage in the international community in terms of international trade... But Bayo argued that Nigeria finished goods export accounted for less than 5% of the nation's export trade... Hence most of our export are on goods we don't even HV a say in thier prices.. such as crude oil, gas, cocoa, ND other agric produce... But a strong naira would mk import quite cheap ND government can use import restrictions policies to discourage the senseless and rampart import of fancy finished goods.. Now Les leba said governments at the state and local government shld rise up against the FG that earns the nation's revenue in dollars but singelhandedly converts them to naira before giving it to them... He said they should exploit the interpretation of the Constitution which says that state and local government are not subordinate government to the FG.. that the three of them are parallel... Now if the state and local government allocation are doled out in dollars.. there would be so much dollars in the system coupled with that which the BDC will bring in plus Nigerians in diaspora... He said the government shld be strict with arrest on anybody who does local transaction in dollars cuz it is illegal... He said after then the CBN should not concern. It self with foreign currency..instead they should control the volume of naira put into the system..that way, if they pump in less naira knowing that dollars has flooded the market..and knowing the people will be arrested if they transact business or government pays wages with dollars...they they will be forced to exchange that dollars with Dem at a lower rate with the scarcity of the naira in the system.... That way dollars exchange will fall... Save the naira ,save Nigeria.... RIP...Les leba |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by ike007(m): 7:55am On Sep 06, 2022 |
J0r0hh: I'm not" soeaking" English...I'm speaking English..like you are attempting to do |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Ezewuzie01: 7:58am On Sep 06, 2022 |
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. 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 8:04am On Sep 06, 2022 |
fiizznation: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 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by plaindealer: 8:15am On Sep 06, 2022 |
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. 3 Likes
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by ATLIEN2027: 8:15am On Sep 06, 2022 |
HIPROFILE: 1 Like
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by plaindealer: 8:15am On Sep 06, 2022 |
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. Will this man also tell Nigerians and companies that with this policy, they won't be able to borrow to grow their business or even spend money? This policy is used mainly to slow down an economy that is growing too fast and out of control. OMG!! |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by tioyoung(m): 8:17am On Sep 06, 2022 |
Chymummy89:Who be this one again |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Nobody: 8:18am On Sep 06, 2022 |
dirtydiva: What is Anambra now and her IGR with Obi's leadership? 2 Likes 1 Share |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by plaindealer: 8:18am On Sep 06, 2022 |
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. 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. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by DeleTaller: 8:21am On Sep 06, 2022 |
SpecialAdviser: Your mentor nah olodo.... you don't run a nation like you run spare parts business. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by jamace(m): 8:29am On Sep 06, 2022 |
Ezewuzie01:Rubbish talk. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by jamace(m): 8:30am On Sep 06, 2022 |
plaindealer:Go meet your agbadonomics master. You can not pull down Peter Obi by talking trash. 1 Like
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by seunmsg(m): 8:38am On Sep 06, 2022 |
If these are the great ideas that Peter Obi intends to implement to revive the economy, then he’s far worse than I think. What exactly is wrong with the regulatory framework that we currently have to protect local and foreign investors that Peter Obi want to change? What exactly does he mean by “tamper capital flight”? Can he be more specific? He talked about borrowing to finance regenerative projects, can he mention examples of the regenerative projects outside power, rail and road construction that the current government is already funding with borrowed funds? We need new ideas and not a repetition of what the APC government is currently doing. And talking about contractionary monetary policy, how will that solve the problem of massive infrastructural deficit, imported inflation, keeping fuel price at N175PL, exchange rate crisis, ASUU’s demand for over N1trillion, Labour’s demand for new minimum wage and the need to increase local production? Does this guy even know what he’s talking about at all? 2 Likes |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by plaindealer: 8:40am On Sep 06, 2022 |
Is this the calamity the dumb and dull Pandora illiterate is bringing to wreck Nigeria? Well. thank God he won't be the president of Nigeria anyway, no worries. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by SenatePresdo(m): 8:59am On Sep 06, 2022 |
jerseyboy: Obi has studied in many abroad business schools, Google his CV. The Man is a pure intellect. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by plaindealer: 9:03am On Sep 06, 2022 |
SenatePresdo: And every time he opens his mouth lies and ignorant rubbish pollute the atmosphere.. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by blessedbanky: 9:03am On Sep 06, 2022 |
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 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by plaindealer: 9:04am On Sep 06, 2022 |
blessedbanky: Definitely a good solution for his biafra, not for Nigeria. 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Timmi: 9:13am On Sep 06, 2022 |
SpecialAdviser: Offering solutions with big grammar. Do you know the meaning of what he said or you are just fluttered by his big grammar missive? |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Timmi: 9:17am On Sep 06, 2022 |
SenatePresdo: In your local village, Obi may be the most intellectual to you but to Nigerias, he is not even on the list of intellectuals. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by SpecialAdviser(m): 9:17am On Sep 06, 2022 |
Timmi:Why not tell your own mentor to offer his own solution mbok? |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by SenatePresdo(m): 9:18am On Sep 06, 2022 |
plaindealer: Cassava, Garri ewedu and Agidi. Ask him to open more of his mouth, comedians are waiting for more skits to make |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Timmi: 9:19am On Sep 06, 2022 |
plaindealer: God bless you real good for exercising your God giving thinking faculty. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Timmi: 9:20am On Sep 06, 2022 |
SpecialAdviser: When he offered it, it will be scrutinize just like your Peter Obi, set of ObiZombie |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Arysexy(m): 9:50am On Sep 06, 2022 |
Parachoko: That's why I call it Agbado economics. USA can afford to print more money BC their economy is production based. What's the ratio of their export to import? Your country currency is valueless due to inflation and you want to print more money Tinubu supporters are really stupid
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Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Tareq1105: 10:04am On Sep 06, 2022 |
Esseite: Are you sure that leaving the exchange rate to be determined by market forces would help the value of Naira? Is it not funny that Obi-dients are hailing this? I'm afraid o. I don't think Obi understand the market and the players (forces) in this market. Right now, we cannot meet the demand for dollars and we're not getting enough of it. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Arysexy(m): 10:06am On Sep 06, 2022 |
Ezewuzie01: For the records, Peter Obi had second class in philosophy. Not that he was dull, but because as a student he was involved in running the family business, which deprived him the privilege of regular class attendance. Even with a diverse field in his first degree, he understood macro and micro economics with the practical experience he got as a trader, this pushed him to become MD of financial institutions, not satisfied with the practical experience, he brushed himself up with series of courses on leadership and management in top ivy schools. Go and verify |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Steveabbeyly: 10:09am On Sep 06, 2022 |
Obi pls stop this, you are not the governor of the central bank, you can't as a president push through your imaginary policy on the central bank because the central bank has a law which established it and its independent of the executive power of the president. For you to say this amount to dictatorship. The contractionary monetey policy you mentioned, do you know what it means. It means macroeconomic, that you raised interest rate, mop up cash in circulate which is not different from what the present CBN governor, Emefiele is doing that is stifling production and investment leading to the present galloping inflation. The United States uses contrationary monetary policy to control inflation but it doesn't mean it will work in Nigeria because we run different form of economy. While the US runs poly or multifaceted form of econony, Nigeria runs a mono form of economy. For you to know and come up with best perfect policy, you need to study your environment know the best policy that can best suit your country economy. So coming up with this is direction to anarchy. |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by ExudeLoveToAll: 10:16am On Sep 06, 2022 |
bhella10: Bigotry seems to be the only way to campaign for your candidate. You think I'm from the IGBO tribe? The more you folks use the ethnic mantra the more the young man gets sane people from all ethnic group to join him to lead the Nation in a positive direction. You folks all benefit from the votes of the south east to make one of yours president during this fourth republic mine included. I don't see anything bad to join them now when it seems their candidate will bring the best to the table amongst the lot available currently. Go and ask Kenya's what bigotry did to them in the last two decades ? Campaign for who you want, try and fetch people for him and stop these hatred it will do more harm to your head then good. This is coming from a place of Love Have a great day. 1 Like |
Re: I Will Use A Contractionary Monetary Policy To Fight Inflation - Peter Obi by Tareq1105: 10:17am On Sep 06, 2022 |
donsoronzo: Obi-dients are One Way traffic zombie. They would tell you they want to move Nigeria from consumption to production economy when Obi himself is a major importer of finished products / consumptions for his stores/supermarkets. |
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