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Nairaland Forum / Nairaland / General / Politics / FG To Stabilise Economy With N350bn (22201 Views)
Recession: FG Releases Fresh N350bn To Boost Economy / FG To Boost Economy With N350bn / FG To Stabilise Economy With N350bn (2) (3) (4)
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FG To Stabilise Economy With N350bn by telltimes: 5:32am On Mar 23, 2016 |
The Federal Government has resolved to release N350bn into the economy, which has been battered by the sharp drop in the price of crude oil in the global market, as parts of measures aimed at stabilising it.http://punchng.com/fg-to-stabilise-economy-with-n350bn/ 4 Likes 1 Share |
Re: FG To Stabilise Economy With N350bn by DEXTROVERT: 5:42am On Mar 23, 2016 |
When Are They Going To Give Me My Share 18 Likes 1 Share |
Re: FG To Stabilise Economy With N350bn by freeze001(f): 5:52am On Mar 23, 2016 |
Will this piecemeal release of what appears to be 'bailout' funds be feasible in the long run? Are they going to continue like this? What is in place or has been resolved to get the economy function optimally without the need for these government interventions? What is needed is structural rather than cosmetic reform. Asking for guarantee from contractors as regards how many people they will be re-engaged before the release of the funds is laughable. Should we say the government is now resorting to bribing contractors to engage people? That should be something that flows naturally when necessary infrastructure are in place with a conducive environment for business. If the FG owes contractors then pay them and don't make it contingent on how many people they will re-engage. The emphasis should be on timely delivery of high quality contract projects which will serve members of the public. 60 Likes 7 Shares |
Re: FG To Stabilise Economy With N350bn by Nelkoko: 5:53am On Mar 23, 2016 |
Will 350 billion remedy d damage done? 4 d economy to move to d permanent site buhari shld jejely resign cos dats our only solution 27 Likes 3 Shares |
Re: FG To Stabilise Economy With N350bn by 989900: 5:53am On Mar 23, 2016 |
Is that $1b or $2b for 170 million people? 16 Likes 1 Share |
Re: FG To Stabilise Economy With N350bn by datola: 5:57am On Mar 23, 2016 |
The delay in passing the budget is not good for the economy at all. We appreciate the legislative oversight functions of detecting a lot errors in the budget and correcting same. Such errors were overlooked in the past. A change government/legislature should never allow that. Part of measures to rate the government- both executive and legislature should be early preparation and passage of the national budget. The N350 billion should be 'released' equitably 20 Likes 1 Share |
Re: FG To Stabilise Economy With N350bn by ShowYourCertificate: 6:01am On Mar 23, 2016 |
This is a poor decision. Adeosun is certainly not capable of improving our economy. She'll end up destroying it. How can you just dole out cash to contractors simply because they sacked their workers? So you think that cash will make the contractors bring back those that were sacked on a permanent basis? Don't you think the company will still sack those workers when the money given to them expires? The wise question should have been, "why did those contractors lay off those workers in the first place?" Poor infrastructures such as erratic power supply? Bad roads? Inefficient water supply? Bad government policies such as multiple taxation? Forex policy? Inadequate security? And so on. These are the aspects the government should address with the so called N350bn (that money is too small sef to stimulate an economy such as ours). The government needs to fix our basic infrastructures, security and implement policies that are favorable to our indigenous firms. In so doing, they'll create millions of jobs for our youths. This is the Lagrange Multiplier effect. Does Adeosun know this? I doubt. Is Buhari knowledgeable on Economics to decipher when Adeosun is derailing? I laugh. 57 Likes 4 Shares |
Re: FG To Stabilise Economy With N350bn by NavierStokes(m): 6:04am On Mar 23, 2016 |
It's like indirectly someone has started discreetly printing money. Where is onatisi my man, the owner/keeper of Buhari's Crystal ball. Another sure way to increase the inflation and make the naira slide more against the dollar, since we are still dependent on imports. 4 Likes |
Re: FG To Stabilise Economy With N350bn by 989900: 6:04am On Mar 23, 2016 |
datola: It is getting terribly tiring already . . . absolute insensitivity to the plights of the people. Is there any word like expedite or emergency in our 'polithiefians' dictionary? 6 Likes |
Re: FG To Stabilise Economy With N350bn by Nobody: 6:08am On Mar 23, 2016 |
I will just be looking at them and wait for their action 3 Likes 2 Shares |
Re: FG To Stabilise Economy With N350bn by 989900: 6:08am On Mar 23, 2016 |
ShowYourCertificate: The gov't is simply part-paying what it owes them contractors in that specific case -- read again -- it matters a lot to those out of jobs, even if it means nothing to you. I agree with the parts in bold though. 20 Likes |
Re: FG To Stabilise Economy With N350bn by Godfullsam(m): 6:09am On Mar 23, 2016 |
350,000,000,000/170,000,000 = 2058.823. Nonesence I need my own share o ! At all at all na im badt . 17 Likes 1 Share |
Re: FG To Stabilise Economy With N350bn by centlevi: 6:10am On Mar 23, 2016 |
Well thats a good move if the fund will be used judiciously.. My people oya make una show me some love today is my birthday....muuuuuah! 19 Likes |
Re: FG To Stabilise Economy With N350bn by ShowYourCertificate: 6:15am On Mar 23, 2016 |
989900:What you wrote in the bolded is a big lie that you manufactured from space. The government didn't say they were paying contractors that were owed. Rather they were paying "contractors who have laid off staff" in the past. Those contractors will need to tell the government "how many Nigerians they are going to PUT BACK to work as a result of this money” 15 Likes 1 Share |
Re: FG To Stabilise Economy With N350bn by disloman(m): 6:22am On Mar 23, 2016 |
I see some people comments.They don't understand an atom of what they just read.350B will goes a long way in stabilising the economy.We gat to do things different this time around.PMB!I'm waiting for you to revoke the privatisation of the power sector. God bless PMB. 8 Likes |
Re: FG To Stabilise Economy With N350bn by ShowYourCertificate: 6:24am On Mar 23, 2016 |
disloman:I don't understand an atom of what you just wrote in the bolded? 5 Likes |
Re: FG To Stabilise Economy With N350bn by ShowYourCertificate: 6:28am On Mar 23, 2016 |
centlevi:Even if that money is used judiciously it will not improve the economy but would rather worsen it on the long run. What they are doing is a cosmetic approach. It will certainly wash off. Happy Birthday. 6 Likes |
Re: FG To Stabilise Economy With N350bn by ghostdvirus(m): 6:34am On Mar 23, 2016 |
. |
Re: FG To Stabilise Economy With N350bn by VocalWalls: 6:35am On Mar 23, 2016 |
Nonsense |
Re: FG To Stabilise Economy With N350bn by Sijo01(f): 6:35am On Mar 23, 2016 |
We are waiting. |
Re: FG To Stabilise Economy With N350bn by eleojo23: 6:36am On Mar 23, 2016 |
Let's see how far that will help us. |
Re: FG To Stabilise Economy With N350bn by greatiyk4u(m): 6:37am On Mar 23, 2016 |
freeze001: Did u comprehend the article? 6 Likes |
Re: FG To Stabilise Economy With N350bn by GlorifiedTunde(m): 6:37am On Mar 23, 2016 |
Now that's whatsup! 1 Like 2 Shares |
Re: FG To Stabilise Economy With N350bn by Abduletudaye(m): 6:38am On Mar 23, 2016 |
Never knew FG would still have this huge sum |
Re: FG To Stabilise Economy With N350bn by Noblebrown7(m): 6:38am On Mar 23, 2016 |
Isn't dat dia job? 1 Like |
Re: FG To Stabilise Economy With N350bn by SleekMallam: 6:38am On Mar 23, 2016 |
The economy is experiencing erectile dysfunction and needs to be simulated by Adeosun with 350billion. That's some expensive Mouth Gig from the finance minister. 3 Likes 1 Share |
Re: FG To Stabilise Economy With N350bn by pendusky(m): 6:38am On Mar 23, 2016 |
Re: FG To Stabilise Economy With N350bn by html14java(f): 6:39am On Mar 23, 2016 |
Re: FG To Stabilise Economy With N350bn by Morkavictor: 6:39am On Mar 23, 2016 |
A clueless decision made by the Daura President. 1 Like |
Re: FG To Stabilise Economy With N350bn by Nobody: 6:40am On Mar 23, 2016 |
J |
Re: FG To Stabilise Economy With N350bn by skyman200(m): 6:41am On Mar 23, 2016 |
This is how they squander how money, when will nigeria be a developed country? |
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