i am just wandering, if the goverment should give every citizem of nigeria 1mil each as a capital, asuming ithat every citizen is entitled to recieve it once in a life time (probably to prevent misuse). will it be a plus to the nigeria economy? if not, why?



economist please your say.

You need to stop thinking like a junkie...imagining the impossible, like dangote dashing you 10million dollars...u walking on the street and u just see 25 million naira abandoned in a Ghana must go bag!.

The sooner u stop fantasizing and start to hustle, the better for u...there is no free money anywhere, you have to work for it.

don't mind him jare. its a good question. If government gives every one 1 million each the economy will crash cos government won't have enough money to run. Most of the money spent are always in loans and bonds. If government can't pay working force of less than a million with people earning 200k annually on the average adequately, imagine what will happen if it does that.
second problem will be inflation because there will be too much money in circulation. then you'll see your agege bread of 100 naira going for 1000 naira. then youll have more money chasing less goods. I hope that answers your question. If not look for a real life economics who will explain to you in a lame man's language

i will relocate sharply and start farming.

lugado:
don't mind him jare. its a good question. If government gives every one 1 million each the economy will crash cos government won't have enough money to run. Most of the money spent are always in loans and bonds. If government can't pay working force of less than a million with people earning 200k annually on the average adequately, imagine what will happen if it does that.
second problem will be inflation because there will be too much money in circulation. then you'll see your agege bread of 100 naira going for 1000 naira. then youll have more money chasing less goods. I hope that answers your question. If not look for a real life economics who will explain to you in a lame man's language

thanks man, i never knew this.


thaank i learn something new today.

taymeesan:
You need to stop thinking like a junkie...imagining the impossible, like dangote dashing you 10million dollars...u walking on the street and u just see 25 million naira abandoned in a Ghana must go bag!.

The sooner u stop fantasizing and start to hustle, the better for u...there is no free money anywhere, you have to work for it.

you need to work on your comprehension. the topic says "what if," and your spewing trash.

It cannot move the country forward. Of course, it will help some few enterprising individuals with good ideas but no capital to implement them. But I can assure you that the condition of majority will not change. It is not ONLY the money that is our problem. We need to develop our minds.