We all know that government of Nigeria does not have such huge amount of money to cater for Nigerians in providing food and other necessary things in this Covid19 period. We also know that most money donated towards covid19 pandemic by wealthy Nigerians to the government of Nigeria is not enough to do the rolling out of money to all Nigerians.

Hunger is another pandemic killing more Nigerians than covid19 and if nothing is done about it, Nigeria may have highest number of death to covid19 pandemic than any country. Robbery, Hijacking and killing will be the order of the day sooner or later if nothing is done.

I just realized staying home with children is more expensive. They eat 8 times a day and we have to pay for those things they eat.

This is what I think Government of Nigeria should do with immediate effect. Order all Nigeria banks to give a non-collateral Covid19 loan to every Nigerians who actually need it and the repayment will be as low as 5% monthly (Max of 20 months) and also depending on the repayment agreement signed.

Government should also help the bank in a way to make sure people pay back within speculated time.

This type of loan will be effective and reachable to all Nigerians regardless of status and position.

Another problem is price regulation. Governemnt should please help to stabilize the price of goods and services now. Garri that was N350 is now N900 and same goes to every other products. Increment of price of good in this period is more deadly than covid19 itself. I think the price of everything now should be reduce as the price of fuel has also reduced.

If you think otherwise, please place your comment. This may help our government in making decision towards helping Nigerians in this Pandemic period.

Good thought

yomightgold:
We all know that government of Nigeria does not have such huge amount of money to cater for Nigerians in providing food and other necessary things in this Covid19 period. We also know that most money donated towards covid19 pandemic by wealthy Nigerians to the government of Nigeria is not enough to do the rolling out of money to all Nigerians.

Hunger is another pandemic killing more Nigerians than covid19 and if nothing is done about it, Nigeria may have highest number of death to covid19 pandemic than any country. Robbery, Hijacking and killing will be the order of the day sooner or later if nothing is done.

I just realized staying home with children is more expensive. They eat 8 times a day and we have to pay for those things they eat.

This is what I think Government of Nigeria should do with immediate effect. Order all Nigeria banks to give a non-collateral Covid19 loan to every Nigerians who actually need it and the repayment will be as low as 5% monthly (Max of 20 months) and also depending on the repayment agreement signed.

Government should also help the bank in a way to make sure people pay back within speculated time.

This type of loan will be effective and reachable to all Nigerians regardless of status and position.

Another problem is price regulation. Governemnt should please help to stabilize the price of goods and services now. Garri that was N350 is now N900 and same goes to every other products. Increment of price of good in this period is more deadly than covid19 itself. I think the price of everything now should be reduce as the price of fuel has also reduced.

If you think otherwise, please place your comment. This may help our government in making decision towards helping Nigerians in this Pandemic period.

I have no problem with what you wrote except the part where you said government should help stabilize price. In a free economy price is determined by market forces. That is the forces of demand and supply. In this case, since demand is high, the price will increase. What government should have done to prevent this before now that they didn't do is to have establish a marketing board in every LGA in the country. The advantages of this is so numerous I can't start typing it. Anybody can google it to know the benefit.

gaddafe:


I have no problem with what you wrote except the part where you said government should help stabilize price. In a free economy price is determined by market forces. That is the forces of demand and supply. In this case, since demand is high, the price will increase. What government should have done to prevent this before now that they didn't do is to have establish a marketing board in every LGA in the country. The advantages of this is so numerous I can't start typing it. Anybody can google it to know the benefit.

A marketing board is an organization created by many producers to try to market their product and increase consumption and thus prices. It can also be defined as an organization set up by a government to regulate the buying and selling of a certain commodity within a specified area. They most commonly exist to help sell farm products such as milk, eggs, beef or tripe and are funded by the farmers or processors of those crops or products. Marketing boards often also receive funding from governments as an agricultural subsidy. The leadership and strategies of the marketing boards are set through votes by the farmers who are members of the board.

Marketing boards also sometimes act as a pool, controlling the price of farm products by forming a legal cartel. They also fund other ventures beneficial to their members such as research.

Marketing boards differ from industry trade groups in that their primary goal is marketing towards consumers, not governments, but they may also lobby on behalf of their supporters. Industry trade groups might also advertise directly to consumers.