santori:



do you know that nigeria loses about 700,000
barrels of crude oil daily to oil theft according to
the finance minister
now multiply 700,000 by the current price of
crude and then convert it to naira
only if you guys understand the humongous
amount of money being frittered away in this
country daily, then you will know it is possible
and sustainable
mind you, social welfare is necessary for you to
have a secured society. cos not every body will
get employed,not even in the US or other
advanced countries

Adminisher:


It is hard to recruit guys for Boko Haram insurgency with a scheme like this in place. Boko Haram reportedly pays higher but the risk is much much more. When a youth knows that his country cares he is less angry and radicalized-able. When people are moved from hopelessness they start to compete with their peers. The man who is sure of N5000 will start planning on how to improve himself to start making N50k and so on. Hopelessness is a birch.

EasternLeopard:


Adminisher

Santori


Senseless I m afraid Sir


Our dwindling national wealth and growing population can't sustain socialist welfarism

Do the maths yourself


Now Nigeria earns at most #5tr every year

Divide 5 000 000 000 000naira ÷ 170 000 000 people =# 29,411 approximately #30k

Each person #30 000 per year or #2500 per month

Can you survive on that amount.

barcanista:
welfare program is not for everybody. It is targeted at the unemployed, disables and aged. Ño government want a situation of never decreasing unemployment rate. While the government will continually pursue programs to get people employed, it will also provide packages for the currently unemployed to make them av the basics of life. As time goes on, the employment situation in proves and the welfare beneficiaries are reduced. Mind you with a good economic environment, lots of businesses will spring up. This will improve the situation and reduce the burden on welfare. Bros, we have lots of money wasted through oil theft, non remittance of oil revenue, embezzlement and corruption, over bloated government spendings among other channels. Nigeria isn't poor like nwaele is making you believe.

barcanista:
Honestly, some shallow people are running up and down forming intellectuals when they know nothing on the subject matter. This is so bad that the people don't even know the basic responsibilities of government. Imagine people criticising social welfare program.

FolarinLondon:


This mentality of corruption fighting back would only make us to be in a stagnant situation. What is corruption? the moment corruption is defined, trust me brother, measures to fight corruption would be put in place and gradually evolving to a pillar that would eventually bring corruption to its knees.

Nigeria being a mono economy does not mean that there should not be a welfare system in place. What matter is our willingness and determination to put necessary things in place to stop the system from being corrupted.

I have worked with Federal ministry of finance in Abuja before; verification to payroll. And I can tell you that there are things Nigeria government could do about corruption

santori:



in as much its important to safe for the future, so also it is imperative to eat and live to see the future.
social welfarism is not a strange programme, it's been in practice in many countries for donkey years and still in practice.
you need this programme in place to reduce crime rate in the society, you can't guarantee security by simply handing the police with guns and patrolling the streets, they will get overwhelmed when there are to many Hungary people around.

londoner:


Can you mention any first world country with a welfare package that does not also pay for it out of taxes that their citizens pay?

In those countries, it is the norm that if you do not show that you are actively seeking employment, you lose that benefit.

M4gunners:
Na him Cow's he go provide meals for. As og allawi 4 youth, i pity people wen go believe this poo.Ask the 196 winning squad the plots of Land that the government promise to give them,where is it. Green Snake wants to enter into grass.

barcanista:
I can bet you you have limitedd understanding of economic system. I laugh at you guys that are arguing blindly. Let me repeat myself, a welfarist state is 200% feasible as long as we have the right fiscal policy in place and it is followed to the letter.

EasternLeopard:


Adminisher

Santori





Our dwindling national wealth and growing population can't sustain socialist welfarism

Do the maths yourself


Now Nigeria earns at most #5tr every year

Divide 5 000 000 000 000naira ÷ 170 000 000 people =# 29,411 approximately #30k

Each person #30 000 per year or #2500 per month

Can you survive on that amount.

revolt:
to run a welfare system for a start u need an extra vibrant buoyant govt, and basically viable tax paying population. With a small civil service and minimal govt recurrent expenditure etc

Also do you know how census figures are derived? A lot of partisan politics is involved. Do u know the rate at which our population increases ?

Now let's say buhari curbs corruption, so the next thing to do instead of saving for rainy days ( make no mistake they're coming) we should spend it on feedn the poor masses whom most likely the major benefactors will be the almajiris up north, whom WILL never educate themselves or work.

Have u head of ghost workers?
God I'm weary at hw ppl go to school bt cnt reason.

babyosisi:


I might believe it and applaud him if he promises to institute a national birth and death registry with a computerized social security identity numbering of the citizens.That is the way societies are built not by cashing in on the poverty in the land to dangle carrots in the faces of hungry people
But first let us see those his credentials
He should count 1 before 2

WhiteTechnology:



What of free Hausa babes.

BraniacX:



Nigeria isn't qatar, we are 150million pluS, just won't work. Who is to decide which 25million get the freebies?

PUSH1:
Reason why we lack progress in this country. Let's just say it like a bursary from the government but to the poorest families. But some people will never understand it that way because they can afford N100 worth of mb per day to comment and argue rubbish.

nduchucks:
If only $1billion per year is used for Buhari's Welfare program, that will amount to $4billion, in his first term.

Nwanne m, I prefer the $4billion used in this manner than to have $4billion paid to subsidy thieves monthly, $1billion given to GEJ cronies in import waivers per year, or $20 - 65billion stolen by NNPC rougues per year.

SAI BUHARI

BraniacX:



So diD greece, where are they now? What is spain struggling with now? And didn't they have tHe eec to guide their fiscal policy in terms of interest rAtes, spending targets and spending cuts plus the large bale outs they received? Or are you going to tell me that the eec doesn't or didn't mandate the right fiscal policies for them? Are you following? Do you still need me to spell out the obviouS for you?

jeflexy:
how long will you continue giving them free meals

PUSH1:
Reason why we lack progress in this country. Let's just say it like a bursary from the government but to the poorest families. But some people will never understand it that way because they can afford N100 worth of mb per day to comment and argue rubbish.

BraniacX:



So diD greece, where are they now? What is spain struggling with now? And didn't they have tHe eec to guide their fiscal policy in terms of interest rAtes, spending targets and spending cuts plus the large bale outs they received? Or are you going to tell me that the eec doesn't or didn't mandate the right fiscal policies for them? Are you following? Do you still need me to spell out the obviouS for you?

FolarinLondon:


Sir! you seem to see the whole welfare system from freebies' perspective but it entails a whole lot more which I won't be able to expatiate on right now cos I m using my right hand to battle and carry out unparallel and unrivalled justice to Eba and Ogbono soup here while my left hand jealously looking at my right hand and unhappily typing

santori:



was the economic woes of Greece and spain attributed to having a social package for its citizenry, tell me what I dont knw, you seems to be uninformed.
let share your analogy, why didn't countries like Germany, France, UK, Australia, Sweden, Norway e.t.c suffer the same faith

for the facts, the economic slump of Greece ans spain is solely attributed to mismanagement of the economy. greece was even was even lampooned for spending a humongous scarce resources hosting the euros some years back

santori:



now you are talking, if government can lead by
example by being prudent and accountable, it will
be easier for it to convince the people to pay tax,
the people will readily oblige because they know
the money tax paid will still come back to them in
forms of service delivery and provision of basic
infrastructures by the government
welfare package can never be every body, cos it
can't be sustainable that way, the government
will have to develop a scientific approach in
determining who deserves it or not also who
should be expunged,besides there should be a
duration for a particular age bracket to benefit
from it
mind you welfare package is a veritable tool for
curbing crime

Adminisher:


This is N1.5 trillion per year. This is chicken change. The GDP has been rebased to about $650billion even with the devaluation, the black economy in Nigeria is about $350billion. So Nigeria is actually a N180 trillion economy, if you just do a little more in agriculture and collect correct taxes you will achieve this. Even the current government has been thinking of the same thing and that is coming from Iweala herself. The problem is that as usual she has been afraid of what international creditors will say. You can also move a lot of the 'black economy' which is the informal sector more easily into the formal sector by doing this kind of thing. If you don't have a job, get registered and learn a trade then the government pays you and can plan for you. If you get married, you lose the benefits so we don't breed almajiris. If you get a job you automatically lose the the stipend. This will make employers more accountable.All this is commonplace in advanced economies and does not even generate arguments.

The government's N10 trillion a year budget does not even come close to what the whole country is spending or making. Diaspora funds coming from Nigerians broad alone is about $12billion which is about N2 trillion. Imagine that subsidy payments alone to fuel importers rose to N2 trillion recently and most of that was bad accounting.

barcanista:
You de enjoy o

revolt:
do u think if govt wa sstill operating nitel derell be 100mb or even nairaland? Do u know hw much is lost (LEGITMATELY) via fuel subsidy payments in nnpc... The loopholes, do u even realise our oil wells r depleting , infact do u knw nigeria Is selling crude to india on credit ryt now?

Pls go n read bout greece,.. Her citizens spoke like u , they ate their future. Our parents enjoyed subsidies and thts why we are suffern today, u want our kids to suffer 10folds wen it dawns on them it can't be sustained.

Then a generation of spoonfed lazy deones would have been born, and wen gov tries to remove it, they'll go and occupy ojota..

Ayekotoo:

Did you even attend primary school at all? Tout

barcanista:
Maybe he didn't do his research properly before posting what he posted. It is funny sha...