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Nairaland Forum / Nairaland / General / Politics / A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians (29510 Views)
FG To Replace N5,000 Monthly Stipend For Unemployed Youths —ngige / FG To Commence Registration Of Unemployed Nigerians Nationwide / Drama At Senate Over Buhari's #5000 Promise To Unemployed Nigerians (2) (3) (4)
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Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by greggles: 2:54pm On Jun 16, 2015 |
illuminaty: I fully understand, but rather than dash them N5,000 give them up to 100k or thereabout to establish their businesses proper. Do you know that if you're giving 5k monthly, you'll easily spend it but if you're giving a bulk money of 60k, you can start something with it? |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Standing5(m): 2:55pm On Jun 16, 2015 |
Good idea. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 2:56pm On Jun 16, 2015 |
@ OP, you stole my idea ![]() |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Johniyke2flex(m): 2:57pm On Jun 16, 2015 |
calebo101: No difference my dear. Absolutely same idea with YOUWIN. Just dat the process was said to be non-transparent and curruption laden. Also, majority of Nigerians weren't so keen on following up with that program because they were too lazy to come up with good business plan. I think hypocrisy is when you did not support Jonathan's YOUWIN program and you are saying yea yea to OP's idea. 3 Likes |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by lutheran(m): 2:59pm On Jun 16, 2015 |
something better than what you analyze here as been written and submitted to the the previous government ( OBJ and GEJ), lots of money was invested on it by federal govt but @ the end, it's all resulted to scam, leave baba alone and let him implement this in the best way he think he can. God help us |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 2:59pm On Jun 16, 2015 |
greggles:Hmmmm |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 2:59pm On Jun 16, 2015 |
On a serious note. Like I keep telling my friends, give me the presidency and I would put this country on the same trajectory that made Singapore a great nation. There are so many easy route to transform this country. It's not difficult. Leadership is all about vision and vision alone. A person with no vision has no business in government. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by gostartit(m): 3:00pm On Jun 16, 2015 |
I think a better option is to solve the problem of electricity and you will see jobs springing up in millions for unemployed youths. 1 Like |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by illuminaty(m): 3:00pm On Jun 16, 2015 |
greggles:I agree with u shaaa...just that this is now a country where anytin you see,u beta grab cos governent can change their thought towards their citizen at anytime....nuff sed,i still think u have a point |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by 400billionman: 3:02pm On Jun 16, 2015 |
Poster, very sound analysis. I tot you would falter on figures as most people usually do. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by greggles: 3:02pm On Jun 16, 2015 |
calebo101: Youwin is a grant, which encourages waste, someome who wants to even start a barbing salon would be asking for 10 million and when he gets it, he'll go buy a porsche car and waste money, would he do that if it were a loan? This is a loan that must be paid back. This project also implements security standards used in developed countries, furthermore, it involves pre-qualification processes, like examination or interview, Youwin can be written by anyone for anyone who doesn't know Jack about business, lots of differences 1 Like |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by beatricewebb: 3:06pm On Jun 16, 2015 |
Some pple always think dey know morethan the govt,dont forget that this is not clueless pdp govt,let the govt fulfill his promise so that it can have something to boast of at the end of its tenure,perhaps if european countries like canada can pay its citizen and still do other developmental project why cant nigeria give a try,dont forget we re seeking change in all ramification. 1 Like |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 3:06pm On Jun 16, 2015 |
greggles: This is what makes it feasible; Linking the loan to BVN. No matter what happens, except the individual stops banking in Nigeria, government would always recover their money. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Standing5(m): 3:12pm On Jun 16, 2015 |
uchenageme:its same concept as YouWin. Though YouWin doesn't appear to place much emphasis on number of Employees tied to businesses. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by emmanial: 3:13pm On Jun 16, 2015 |
I disagree completely from dis view of urs. If it's workable or practicable or sustainable there is no problem in doing it. Even US is giving unemployment benefits to their graduates and social security to people that re doing nothing. So there is nothing new in this policy. 1 Like |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 3:15pm On Jun 16, 2015 |
Such program should not be totally interest free! There should be an interest payment but should be very small like 2% max. The need for little interest is to transfer the operation to known organisations like banks. This will make it more likely to succeed than allowing government employees to run the program. The 2% interest is for the bank that runs it but the principle is government financed. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by greggles: 3:17pm On Jun 16, 2015 |
uchenageme: I've explained the difference to many people on this thread. Youwin was a grant meant for 1,500 people monthly which encourages waste because money dashed is rarely utilized judiciously. This is a loan scheme meant to empower thousands of Nigerians seeking loans but cannot afford collateral and high interest of banks. It has security for government to get its money back, Youwin didn't have. This project includes procedures which ensures that only the beneficiaries qualify and benefit from the project, in Youwin anyone can submit a business plan for another person who doesn't know Jack about business, infact people submitted multiple businesses with different emails and wasted chances for others, lots of differences though the ideas are very similar |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 3:18pm On Jun 16, 2015 |
greggles: Honestly it's same thing as YOU WIN. just a few tweaks here and there doesn't make it any different. As time goes by you will discover Buhari will use same strategies as Jonathan because for a nation like Nigeria doling out stipends doesn't cut it. We need a multiplier effect which GEJ had properly planned out. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by 400billionman: 3:20pm On Jun 16, 2015 |
greggles: All these for just N5,000. This goes to show how bereft of ideas our current leadership is. And expect the implementation to be marred in irregularities. Where civil servants, unemployed graduates, area boys and some business owners will still register as unemployed. I don't see the figures after collation to be less that 50million people. Your 20million assumption is an unsafe one. Let's keep watching another failed plan before implementation. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 3:22pm On Jun 16, 2015 |
joseph1832:Sure-P is rubbish! |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by greggles: 3:23pm On Jun 16, 2015 |
joseph1832: You know this is more like a summary. In the real business plan, you have to include a section for self- power generation using solar panels and inverters and deep cycle batteries, you cannot be running generators for a startup business like this to be sustainable, that's why up to N10 million is made available so you can generate your own sustainable electricity. This is even more business for renewable energy suppliers to grow their businesses too and even encourage local renewal energy manufacturers |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by robosky02(m): 3:24pm On Jun 16, 2015 |
barcanista: this one sure pass SURE-P ? Its not the policy that worries naija its implementation |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by ayobase(m): 3:25pm On Jun 16, 2015 |
greggles: I have thought of this myself, but it MIGHT never work out. A bird in hand is better than the ones being aimed at in th the sky. Let them start paying this 5K while we await the jobs creation, funding SMEs and the likes. We have the money! It is hightime we had our share of the National cake. . . . . . USA is doing it! |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 3:26pm On Jun 16, 2015 |
This one is dead on arrival! robosky02: |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Omotayor123(f): 3:26pm On Jun 16, 2015 |
Nice Nice Nice..... .Buhari must hear this ![]() |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by joseph1832(m): 3:29pm On Jun 16, 2015 |
greggles:At the embolden, I really don't know which type of deep set battery can power a welding machine for 12 hours straight using solar power. Such machines are even power by diesel generators not even petrol generators. I honestly don't feel solar power can provide readily unlimited power supply to power a good business, especially when that business run on heavy machinery!. This is just my opinion. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by robosky02(m): 3:29pm On Jun 16, 2015 |
barcanista: ok tell them. its not in the grammer, culculation and pamutation. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by 989900: 3:34pm On Jun 16, 2015 |
Bad Idea . . . especially with the state of our economy and identity issues. Add the funds to funds for electricity, provide very low interest loans -- it creates a large ripple effect. |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by joseph1832(m): 3:35pm On Jun 16, 2015 |
barcanista:Oh so you know?!. 1 Like |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by Nobody: 3:40pm On Jun 16, 2015 |
And with all these running cost coupled with harsh economic environment you expect him to make progress? One of our problems in this country is that we don't wholistically look at plans before taking position. greggles: |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by greggles: 3:44pm On Jun 16, 2015 |
joseph1832: What size of generator powers a welding machine? There are solar panel and inverter combinations that can handle that, though they might be more expensive and go beyond the funding cap of this programme. Unfortunately, you will agree with me that even the best of programmes cannot cater for all the problems 100%, however, this is a very laudable start that will bring excellent results if all the components are properly implemented |
Re: A Better Alternative To N5,000 Monthly Allowance For Unemployed Nigerians by greggles: 3:47pm On Jun 16, 2015 |
barcanista: Self power generation works for my business, I don't use electricity except to charge my batteries, but even with solar panels, bye to electricity with a 25 year warranty. It works, its not expensive as a business solution as perceived by some |
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