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Nairaland Forum / Nairaland / General / Politics / A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths (31424 Views)
FG To Begin Payment Of N5,000 To Unemployed Youths In 2017 / FG To Replace N5,000 Monthly Stipend For Unemployed Youths —ngige / Uncertainty Hangs Over Buhari's #5000 Stipends For #25M Poorest Nigerians (2) (3) (4)
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Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Hero10001: 3:13pm On Jun 17, 2015 |
McSterling:YES! The Op is just illusory. It's gonna be in batches e.g 20,000 pple would benefit for the first 3 months which would increase subsequently. However, a beneficiary is expected to graduate within six months (it's not a life programe) The scheme is to enable the govt to know the cock and bulls and how to incoporate em in the society. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by sofat(m): 3:32pm On Jun 17, 2015 |
Your assertions are reasonable but the problem of this country still remains corruption. Untill it is rooted out totally from the system then our policies begin to work positively. Whether such exorbitant money is channeled to infrastructural development (which will be handled by certain ministries) or paid to individual unemployed citizen (which will certainly be hijacked by politicians), there wouldn't be any tangible effect. So untill the battle against corruption is fought and won then we can be talking of good governance. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by omowolewa: 3:42pm On Jun 17, 2015 |
Thatz when it has not being over blotted, I believe that when they start, the figure will skyrocket. The simple truth is that it can work! If they force it to work, it work be towards no objective. Amanwulu1: |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by bukster(f): 3:50pm On Jun 17, 2015 |
I dont believe the N5000 per month is a bad idea but it is just not realistic in Nigeria currently. We do not have the right institution to distribute money. Most of the money will likely end up in the wrong hands and not reach the people it is meant to be for. How would we know if someone seeking the money is even Nigerian, poor or does not already have a job? Nigeria is also right now currently working on a tighter budget. We should finding ways to cut cost not increase them. If this project would even be viable on the long term, it would require tax payments from citizens. The money for this project should instead be used to create jobs and develop infrastructure. 20 or 30 years down the road when Nigeria (hopefully) more developed then this proposal should be considered again. 1 Like |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Osakah24(m): 4:29pm On Jun 17, 2015 |
Pope22:Exactly but why didn't you include the other regions? |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by olawalefelix: 4:45pm On Jun 17, 2015 |
Mr president should nt start wat he can't finish no one knows tomorrow wat of if he did nt make it as president again nxt election do u tnk d nxt president gonna continue wit it.I tnk it will b an unfinished project 1 Like |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by splufik008(m): 4:46pm On Jun 17, 2015 |
must u insult Pple |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Hakeem3(m): 5:28pm On Jun 17, 2015 |
The critics is a good one and the commenters too have all commented well ..but d problem now is how we can pass dis to the president so he can re announce and withdraw his statement and let Nigerians know that there is a latest development on the issue 1 Like |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by VickyRotex(f): 6:38pm On Jun 17, 2015 |
eleko1: eleko1, wetin you want make im ask me? How to make money kwa? 1 Like |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by VickyRotex(f): 6:42pm On Jun 17, 2015 |
eleko1: lol. Make dem submit application to you. I'll take it up from there. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Imokay: 7:05pm On Jun 17, 2015 |
I would suggest the 5K be tied getting a job that will pay minimum of another 5K per month, then it becomes a subsidy for businesses that want to expand. That is like subsidizing production of goods and services instead of consumption. Alternatively, it should be tied as a stipend for cleaning public places, tending parks or attending training in vocational skills centers and for a few months after while searching for a job or setting up a business, such as welding, machining, agricultural practices etc. Only people who are seriously physically challenged should get the stipend without any conditions |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 7:26pm On Jun 17, 2015 |
Teempakguy: UI is moving towards that. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by greggles: 7:31pm On Jun 17, 2015 |
Volksfuhrer: I wrote on a frontpage topic about this yesterday: https://www.nairaland.com/2383313/better-alternative-n5000-monthly-allowance I disagree with you, don't get me wrong, let's analyze this further. If you pay N5,000 to about 20 million Nigerians, this will spur or increase producting but most of these would be at the lowest end of the production class. What I mean by this is, with N5,000 you will observe some significant increase in sales for roadside sellers and retailers of foodstuff and provisions, restaurants will witness a small increase, the most people who would witness the most significant sales being recharge card dealers and business centers (Apologies this is a summary without estimate figures) But from my suggestion in the article I posted on the link I provided, investing this money on businesses will do the following: 1. Create Jobs: each business worth 10 million will be able to employ at least 8 to 15 persons with an estimate pay of 30 to N50,000 salary monthly leading to about 2 to 3 million jobs created annually based on the ripple effect of higher purchasing power of people and business expansion 2. These employees and businesses become taxable so there is a recycle effect of the money invested into the economy. Normally, when you pay N5,000 the only people you would be able to tax are businesses, not the beneficiaries because N5,000 is not enough to start any meaningful business 3. With my suggestion, you stimulate growth in many sectors of the economy including real estate (because more people can afford house and office rent), production factories including those producing for homes (like matrasses, home furniture and accesories), telecom and technology companies (more businesses can afford to put their empoyees on telecom plans for office use), more business and expansion for e-commerce companies including business listing directories who will employ more staff to go into new areas to enlist businesses etc. Banks will also expand to new areas to cater for new businesses springing up within these communities. The list is endless With my suggestion, in 4 years, you would create not just 10 million jobs but also another 10 million extra jobs within the economy because GSM companies for instance would expand, banks will expand etc. By doing this, you would have also satisfied your objective to pay 20 million Nigerians as well as expand and grow the economy with increased productivity and Internally Generated Renue (IGR) I would be writing a more comprehensive article on this hopefully in the next few days or so Cheers! |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by galantjoe(m): 9:15pm On Jun 17, 2015 |
the OP is a dog in the manger. i dont know why op is worrying himself on luadable welfare system. of course some people lack basic economic theory in sec sch. our sec sch economics taught the followings. it is a duty of govt to provide welfare system to its citizen it is duty of govt to redistribute national wealth through tax.subsidy.welfare systen like this one. it is against the dictactorial and winner-take-all syndrome in capitalist system that karl marx and lenin propounded socialism and communism that plung the world into cold war. thus this 5000naira payment to the poor is very good economic policy that will help to redistribute our national cake, increase aggregrate purchasing power, increase per capita income, reduces crime, stimulate production due to increase in effective demand. 10bn in 20m hands is far beter than in 10 hands. please let us support this programme. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:15pm On Jun 17, 2015 |
RapLawd:#babaonechance and his cohorts.. we dey watch dem for 3D |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by RapLawd(m): 9:21pm On Jun 17, 2015 |
swizken6: With our Google plazma eye tv for clear view... Help support me bro |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Wallie(m): 9:39pm On Jun 17, 2015 |
Volksfuhrer: One thing that people fail to realize is the condition that needs to be met before giving out the NGN5000. If I was in charge of APC, I will give out the NGN5k but require the recipients to file taxes first and the NGN5000 will be the refund given to people that earned below a certain amount even if they earned zero Naira. This will actually be modeled like the Earned Income Tax Credit in the US. Why pay the NGN5000? 1. You now encourage people to file taxes which could be a way of getting people’s earnings out of the shadows. More IGR. 2. You can now start to compile true residents of states. 3. You can now have accurate census info because it will all be tied to an issued tax ID. 4. It will be harder for politicians to create people out of thin air because they will need to file taxes for each person. The Earned Income Tax Credit (EITC) is a federal tax credit for low- and moderate-income working people… |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:44pm On Jun 17, 2015 |
RapLawd:no probs bro.. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by McSterling(m): 11:01pm On Jun 17, 2015 |
Hero10001:This is more feasible. Makes better sense. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Volksfuhrer(m): 2:12am On Jun 18, 2015 |
Wallie: I truly appreciate your tax perspective on this discourse: it's inventive and brilliant! The funny thing is I've thinking all day about how best to minimize fraud in this project and block loopholes, not knowing the means to do so would soon reveal itself miraculously in my mention! Your submission is deep, I just hope APC leaders would eventually get to to read this in time. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by michaelolab: 8:00am On Jun 18, 2015 |
I have an idea that could help to sort out of this unemployment saga.The government should pass HSE Practice into law. 1. IF HSE is enforce it implies every company that employ 50 staff must employ 1 safety officer 2. Government will come up with her own hse monitoring team to check for compliance withing the company any company not following the lay down rule will be heavily penalized. 3.If there is any accident in any company , government agent should step up to investigate the accident and see to the root cause of the accident if the company is found guilty due to non compliance they should be made to pay heavy fine for this. 4.Every contractor that want to take any contract either from government or non government , they must provide certificates of there safety personnel and also evident of there safety compliance from there previous project. 5.it will also increase the number of HSE training centers across the country as the number of ppl applying to be trained will increase with speed. The special thing about HSE is that any graduate of any course of study can actually join up for HSE training and become a professional on the field, this will definitely play a rule in eradicating or reducing unemployment issue in our nation |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by CoachFaith: 10:24am On Jun 18, 2015 |
MY BEST LINE Baba Kabiru actually embark on social welfare programes such as the O' meal, O' arugbo, O'Yes e.t.c.. It first looks good but the resultant effect is now O'Debt...You don't dish out fish rather, you teach people how to fish themselves thereby making ends meet.. |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Panelbeater(m): 4:52pm On Feb 28, 2016 |
Now am vindicated..... God bless Nigeria |
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 8:39am On Apr 02, 2016 |
Pope22:So no need to include the south south where bulk of the money used to finance this programme will come from? We are waiting? |
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