A financial expert, who has a good grab of inflation management and the economy, Kalu Aja, has faulted Peter Obi’s solution to inflation he is made the president of Nigeria come 2023.
Newsonline reports that Kalu Aja, a member AFCPE, said the answer the Labour Party candidate gave while answering questions on how to fix the inflation was not to his satisfaction.
The former governor of Anambra State was in New York, the United States, during the weekend interacting with Nigerians in the diaspora.
Speaking on inflation and economy, a part of his statement read, “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.
READ ALSO: Economy: How I Will Solve Inflation – Peter Obi
“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.”
Reacting to the presidential candidate of the Labour Party’s views on inflation reduction, Kalu Aja said, “Peter Obi was asked about inflation, he didn’t really answer that to my satisfaction.”
