Our government should start doing their talk... Hope this Unemployment situation in our country won't degenerate into some thing else.

Meanwhile... This FTC is specially dedicated to all the unemployed youths out there, God himself will intervene. IJN

If they are paying the stuff they should start kwanu, now Obiano is stopping bikes in Anambra.

Nice calculations, computations and suggestions. I quite agree with you on the workability of this scheme; its not realisable BUT targeting the money on infrastructure development will raise eyes for corruption as the cash passes from hand-to-hand.



The money should just be kept with the CBN and they can start off from there in achieving their aim whatsoever they may decide.

nice one , naija government no deh use google so dem no fit see ur sugestionz.

The brainless Daura President is empty upstairs. We dont expect him to understand how it works when simple calculation is involved.

Cc: lalasticlala... Any hope?

U dat u r so brainfoool wat are u? Stop d hating already. U cant change wat God has writen. Most critics does dat f00lishly.

Iykopee:
The brainless Daura President is empty upstairs. We dont expect him to understand how it works when simple calculation is involved.

What you see is economics, what they see is politics.

The scheme may work but for a little time.

How do we control the child birth which is an essential variable of the scheme. Guess the scheme won't see Nigeria father contesting on procreation, while others keep small family. Simply, inequality!

How do we teach our youth on fishing rather than giving them fish?

How do we stop that scheme from growing into another 'subsidy scam'?

How do we reliably gather the data usable on that project?

Why not Mechanized agriculture, why not empowerment, why not industrialization? Can't government acquire lands for large scale agriculture through PPP.

Any govt that pays 5k pee month to youths is a failed government. Its total rubbish, it brings more harm o our economy

SweetyZinta:
U dat u r so brainfoool wat are u? Stop d hating already. U cant change wat God has writen. Most critics does dat f00lishly.

U are pained. Hahahahahaha take it from me that ur brainless president is a natural dullard.

Are u sure 20,000,000 X 5000 = 10B or 100B?

Bro It's 100,000,000,000 billion per month for the 20 million people Not 10 Billion

K

Hoe-kay

ALL THIS ANALYST WILL BE THE FIRST SET OF PEEPS TO APPLY AND FIGHT FOR THE MONEY OH

Lol

Following

Selected youths? Why sleceted? Which means the number of the youths to be paying this controversial 5k will be like this:
Hausa - 85%
Yoruba -13%
Igbo - 2%

Which means pple like me won't even smell the nonsense.

OK...but

I’ll make Naira equal in value to dollar, says Buhari

Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.

Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri.buhari-Naira

“It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said.

http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/

the prog will soon b hijack by all dis politicians, all the members of thier family will b included, employed and non empolyed, pri shc children, secondary sch, undergraduates, toddlers even d unborn ones their names will b included, abi not Naija?

This stipends is nothing but an appetizer would allow the benefactors crave more

I feel like getting some work done, so I'm going to sit here on nairaland until the feeling passes.

A brilliant writeup.

A country does not develop through social welfares such as this. This type of social welfare is for an already developed economy that can afford to throw endless money into an endless pit which this situation is likened to.

Paying 5K monthly to the poorest people and feeding all the school pupils does not eradicate poverty, rather it increases it! it creates a feeling of dependency and encourages poverty. lot's of funds are expended in these schemes, but at the end, the country will gain nothing if you look at the bigger picture.

Rather than use the non available funds for these schemes likened to pouring water in a basket, the government should as the OP said give out loans to people who merit it and who would build big business and employ labour in doing so, oils the wheels of capitalism.

While capitalism does have it's bad sides, it's the honest to God way we can get out of these rut.

It's a dog eat dog world. There will always be poor people and 5K will not make anyone rich over night, but will surely put the country inside serious gbege!

Capitalism rocks baby!

We nid dat 5k now or never

Hmm,

I wholeheartedly agree with bidemi.
The money is best invested on infrastructure.
I can assure the government that if there is constant electricity and academic resources, e.g libraries and research labs. Nigerian youths can outperform the whole of Asia combined. We have ideas, but we cannot achieve them because we are constrained.
In fact, I suggest a program in which the smartest youths in various local governments or states are employed as research experts in government owned research facilities. Like NASA. Also, our universities should focus more on research and less on academic work. Unilag can be like MIT. uniben can be like john Hopkins. We can do this thing. We just need a little support





Btw, i believe the total sum is actually 1.2 trillion. Not 120 billion as stated by him.

swizken6:
We nid dat 5k now or never

NEVER!

Pope22:
Selected youths? Why sleceted? Which means the number of the youths to be paying this controversial 5k will be like this:
Hausa - 85%
Yoruba -13%
Igbo - 2%

Which means pple like me won't even smell the nonsense.

bcoz the hausa in the north are the ones that needs it most. Boko haram have destroyed all their homes, their farms, their banks. It was NEMA that is sponsoring and taking care of the IDPs. They cant feed them forever.

swizken6:
We nid dat 5k now or never

what you need it for ?

this critic is a very good one....lets look at it. 5k is peanut. 5k divided by 30 days translates to a little over 160 naira a day. what would that do for someone with a family. most likely that money would be spent anyhow.

what makes a person poor is the mindset the person has.that a person is poor those not mean he cannot work.

this money should be given for them to start a business with

as sure as tomorrows sun, what the OP predicted,would happen. it was be hijacked by some people and used for personal aggrandizement

what criteria would be used to determine who really is the poorest of the poor

So true,wish our leaders are more pro-active in solving common problem,than playing to the gallery.

Why give #5000,when such money can be used for development of the country,which will in the long run benefit the people,and even make the enjoy benefit greater than #5000.

Our leaders are mentally lazy.

Pope22:
Selected youths? Why sleceted? Which means the number of the youths to be paying this controversial 5k will be like this:
Hausa - 85%
Yoruba -13%
Igbo - 2%

Which means pple like me won't even smell the nonsense.

what do you mean ? what tribe are you from ?