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Ekiti Senior Citizens Get N5,000 Monthly Allowance by aloyemeka1: 12:27am On Oct 28, 2011
[size=14pt]Senior citizens get N5,000 in Ekiti[/size]


[img]http://www.thenationonlineng.net/2011/thumbnail.php?file=65___ABOVE_5_377559445.jpg&size=article_medium[/img]

•Ekiti State Governor Kayode Fayemi with some beneficiaries of the scheme, yesterday •Ekiti State Governor Kayode Fayemi with some beneficiaries of the scheme, yesterday




Many indigent Ekiti senior citizens were elated by the government’s gesture as they got N5,000 each under the Social Security Scheme for the Elderly.

Governor Kayode Fayemi flagged off the scheme in Ise-Ekiti.

Fayemi lamented the level of poverty in Africa, saying in the past, the aged were taken care of by an effective social system, but civilisation has broken the bonds of kinship.

Fayemi said while it might be impossible to bring back the kinship spirit, his administration would cater for the elderly.

He said the scheme would be free of gender or political bias.

The governor said: “Civilisation has eroded the kinship system; it is now everyone to himself and God for us all.

“Consequently, people live the latter part of their lives in abject poverty, with attendant diseases, emotional breakdown and frustrating social disaffection.

“It is important for me to clarify that the payment of the N5,000 stipend to each of the registered beneficiaries that commenced today will be made regularly on the 25th of the month, when all workers are getting paid.

“All complaints of inability to register during the enumeration of the elderly shall be looked into. It is our intention to undertake a comprehensive review after the first six months of the programme.

“I assure you all that government has already put in motion the process of drafting a legislation to back this initiative and ensure its sustainability on a long term.”

Commissioner for Labour, Productivity and Human Capital Development Mrs. Olubunmi Adelugba said the programme is the first in West Africa.

She said the programme complements the ongoing free health services for the elderly in the state.

Mrs. Adelugba said any one who is 65 years and above, and had resided in the state for three years is qualified to benefit from the scheme.

A 75-year beneficiary from Isan-Ekiti, Mrs. Juliana Jegede, thanked the governor for the initiative.

http://www.ekiti.com/ekitinews/display_search.php?news_source=&news_id=105635
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by asha80(m): 12:40am On Oct 28, 2011
i hope the governor knows ekiti's account is in red?
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by aloyemeka1: 1:05am On Oct 28, 2011
asha 80:

i hope the governor knows ekiti's account is in red?

How do you know that?. Are you their accountant?. Do you know how much Ekiti receives monthly from federal allocation even though many of their indigenes live and work in nearby Osun and Ondo?. Ekiti should be having budget surplus every year if well managed.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by asha80(m): 1:08am On Oct 28, 2011
aloy/emeka:

How do you know that?. Are you their accountant?. Do you know how much Ekiti receives monthly from federal allocation even though many of their indigenes live and work in nearby Osun and Ondo?. Ekiti should be having budget surplus every year if well managed.

well this why i made my comment


The six states that are in financial distress are: Kano, Sokoto, Niger, Zamfara, Katsina and Osun.
Those deemed critical are: Ekiti, Plateau, Benue, Edo, Borno, Adamawa, Cross River, Enugu, Taraba, Ogun, Kogi, Yobe, Ebonyi, Ondo and Kaduna.


http://sunnewsonline.com/webpages/features/newsonthehour/2011/oct/28/newsbreak-28-10-2011-001.html
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by jason123: 1:16am On Oct 28, 2011
Too small to make any impact. Probably 2-days meal!
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by aloyemeka1: 1:17am On Oct 28, 2011
jason123:

Too small to make any impact. Probably 2-days meal!
It is better than zilch. Why not praise them for at least trying that other states that turned a blind eye towards such thing?.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by aloyemeka1: 1:46am On Oct 28, 2011
And why can't rich states like Lagos, Delta and Rivers pay their elderly N20k/month?.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by mowapa(m): 2:00pm On Oct 28, 2011
So it's alright for a State that is almost broke to spend 100,000,000 million monthly on social security? how do you select who is qualified to receive such money,since most cannot produce a birth certificate to prove their age. This gesture will only benefit party supporters
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by femmy2010(m): 8:52am On Oct 29, 2011
jason123:

Too small to make any impact. Probably 2-days meal!

It is a good start.
Some pensioners in Nigeria gets N2k a month till date.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by Tinyemeka(m): 9:05am On Oct 29, 2011
asha 80:

well this why i made my comment

http://sunnewsonline.com/webpages/features/newsonthehour/2011/oct/28/newsbreak-28-10-2011-001.html

While the socialist moves of the governor is commendable in the light of cushioning the plight of the elderly, I wonder how it can be combined with the dire circumstances of the state's financials.

Aloy/Emeka, I still want to you to respond to Asha80's question.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by born2boink(m): 9:31am On Oct 29, 2011
jason123:

Too small to make any impact. Probably 2-days meal!
people like you cannot even give out 1000 naira to a single person every month, a poorman giver is far better than stingy wealthy living on earth,

Any addition is a plus and the best amount to start so far,

2 000 naira may change life and 1 millions may make life worst
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by realsemaj: 10:09am On Oct 29, 2011
Good gesture. The state government should put up measures to prevent greedy politicians and civil servant from taking undue advantage of the scheme so that very soon we would not have 'ghost elderly people'. The register should also be subjected to regular update at least once a year. I equally urge d state assembly to legalise the scheme and all other state should follow the good step.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by Yomit2(m): 11:29am On Oct 29, 2011
I think we should all comend d governor 4 dis kind gesture towards d aged people. I dont see any reason why people should castigate d governor on d basis dt d state doesnt have enough revenue. Paying d elderly will not drain d purse of d government when d govt can explore other avenue of generatin revenue.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by Nobody: 11:40am On Oct 29, 2011
Ekiti state's account is in red allmost all the southwest states are unproductive.i think this states should be marge together in order for them to perform better with the exception of Lagos. This is the truth not a tribal issue my dear niralanders.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by Nobody: 12:04pm On Oct 29, 2011
laudable. unprecedented.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by maasoap(m): 12:27pm On Oct 29, 2011
It is only in the South West you see this kind of development despite their meagre resource/allocation. According to @Asah80, Osun State is in Financial Distress yet she employs 20,000 youths with 10k monthly stipends. Ekiti State is in Critical Financial Condition yet she successfully launches Social Welfare Scheme for the elderly people. What are the states from the South South doing with their huge monthly allocation? Embezzelment, right? BTW, no state is productive in Nigeria as at today, all what they do is tax collection, direct and indirect taxes.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by maasoap(m): 12:27pm On Oct 29, 2011
It is only in the South West you see this kind of development despite their meagre resource/allocation. According to @Asah80, Osun State is in Financial Distress yet she employs 20,000 youths with 10k monthly stipends. Ekiti State is in Critical Financial Condition yet she successfully launches Social Welfare Scheme for the elderly people. What are the states from the South South doing with their huge monthly allocation? Embezzelment, right? BTW, no state is productive in Nigeria as at today, all what they do is tax collection, direct and indirect taxes.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by manny4life(m): 2:02pm On Oct 29, 2011
maasoap:

It is only in the South West you see this kind of development despite their meagre resource/allocation. According to @Asah80, Osun State is in Financial Distress yet she employs 20,000 youths with 10k monthly stipends. Ekiti State is in Critical Financial Condition yet she successfully launches Social Welfare Scheme for the elderly people. What are the states from the South South doing with their huge monthly allocation? Embezzelment, right? BTW, no state is productive in Nigeria as at today, all what they do is tax collection, direct and indirect taxes.



Come on man, like really? Do you need to be an analyst before you understand red ink which are red flag? Osun state employs 20,000 @ 10,000 = N200million naira monthly x 12 months = N2.4billion. What is the annual revenue for this state again? How much are the youths contributing to the Osun economy that's worth N2.4billion?

Ekiti launches a welfare meanwhile her income statement is red, balance sheet shows a lot of liabilities to assets, cash flow in in the negative. I'm laughing because when this dude is done with governorship, then we will see the year-end result of his total governorship. Rather than someone rebuke him now, no one will because of money, when that day comes, you will see how much debt your state has acquired without no assets to show. I hope you're preparing for that faithful day.

South-South states are very intelligent, they but capital before social; it's a simple equation. I have said this several times and I will say it again; the government is NOT in the business to create jobs. The function of the govt is to create fiscal and economic policies that will encourage business that creates jobs. The south-south are busy erecting capital infrastructures, increasing education, etc, that is what a smart gov does. As things are in place, businesses move in due to available infrastructures and that automatically creates jobs.

Through state economic policies, the govt can subsidize small business, back up funding for business, reduce business tax rates etc, all that create JOBS and NOT the gov hiring 20k youths that contribute less than 1/10th of their value to the economy.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by adamaw2tuf: 3:38pm On Oct 29, 2011
a positive start indeed as long as they keep it going,who knows maybe some day it will be a compulsory thing nationwide,cos the plight of our elderlies in this country makes me cry.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by gamechange(m): 4:13pm On Oct 29, 2011
Nice gesture, however to knowingly bleed the state is suicide economics, I would rather have setup a foundation to act as an investment vehicle for the future. Moneys generated can then be used to finance this laudable scheme.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by aloyemeka1: 7:39pm On Oct 29, 2011
manny4life:



Come on man, like really? Do you need to be an analyst before you understand red ink which are red flag? Osun state employs 20,000 @ 10,000 = N200million naira monthly x 12 months = N2.4billion. What is the annual revenue for this state again? How much are the youths contributing to the Osun economy that's worth N2.4billion?

Ekiti launches a welfare meanwhile her income statement is red, balance sheet shows a lot of liabilities to assets, cash flow in in the negative. I'm laughing because when this dude is done with governorship, then we will see the year-end result of his total governorship. Rather than someone rebuke him now, no one will because of money, when that day comes, you will see how much debt your state has acquired without no assets to show. I hope you're preparing for that faithful day.

South-South states are very intelligent, they but capital before social; it's a simple equation. I have said this several times and I will say it again; the government is NOT in the business to create jobs. The function of the govt is to create fiscal and economic policies that will encourage business that creates jobs. The south-south are busy erecting capital infrastructures, increasing education, etc, that is what a smart gov does. As things are in place, businesses move in due to available infrastructures and that automatically creates jobs.

Through state economic policies, the govt can subsidize small business, back up funding for business, reduce business tax rates etc, all that create JOBS and NOT the gov hiring 20k youths that contribute less than 1/10th of their value to the economy.

Only if they actually do that or could they be lining their pockets with your money?
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by fergie321: 9:31pm On Oct 29, 2011
@manny4life
You talked too much, if I hadn't look properly I will have thought you have never leave the shore of Nigeria. US where you live owe 14 Trillion dollars to banks and other institutions yet it hadn't stop them paying needing people social security benefits. The governor must be encouraged, I have always said Yoruba people are the most civilised Nigerian so I'm not surprised this token gesture started from them. You can imagine how all the south eastern governors muggggggggggggg you for your money. This kind of civil behaviour will never happen in your side of the country. Kudos to Yoruba people, by the way I'm not a Yoruba man but I live all my life in Lagos. In time of Awolowo the UPN policy of free education goes beyond Nigeria shore, all for former Bendel state citizens living in UK benefited from the policy. Compare the standard of living and infrastructures you had then to what you have know with all the governors loooooooooooooting all your money to give themselves chances of contesting for the presidency when it comes to their zone. This is one of the reasons people like Kalu loooooooted all your money and you can't do anything about it.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by WebSurfer(m): 11:12pm On Oct 29, 2011
nice move for the gov
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by alanbolo(m): 11:35pm On Oct 29, 2011
fergie321:

,  US where you live owe 14 Trillion dollars to banks and other institutions yet it hadn't stop them paying needing people social security benefits.
   Pls. do not compare and contrast.  The SS payments have a separate income account that was invested separately and the current young workers are still contributing to the fund, without a guarantee that it will be there in the future when in it's supposed to be distributed.   

Manny is right,   re-inforce ur base first b4 govt. welfare program.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by Theblessed(f): 11:36pm On Oct 29, 2011
[size=16pt]Well, it's a good idea! I hope the Governor had done his maths very well and not to have led these poor elderly to the middle of the sea and then, abandon them.  How awful it will be!!!

No African State is economically strengthened enough to sustain a Social Security hand-outs in this our time.

Again, we hope the governor had done his Sums properly as we are not here to compete or brag about 'Which State' first introduce the Scheme rather we are talking about the 'Sustainability' of such Schemes therefore, we are all watching this space seriously and with great curiosity.

Good luck, Governor!
[/size]
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by Nobody: 11:36pm On Oct 29, 2011
Cant u understand d word red,all southwest states should be marge together they are contributing nothing to Nigeria.look at obasanjo that enthron corruptn and bribery in nigeria. apart frm Lagos our fomer capital wht else can they boast of.go to ibadon and all d western states wht u see are acients houses with rusted zink.no single development
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by manny4life(m): 12:44am On Oct 30, 2011
fergie321:

@manny4life
You talked too much, if I hadn't look properly I will have thought you have never leave the shore of Nigeria. US where you live owe 14 Trillion dollars to banks and other institutions yet it hadn't stop them paying needing people social security benefits. The governor must be encouraged, I have always said Yoruba people are the most civilised Nigerian so I'm not surprised this token gesture started from them. You can imagine how all the south eastern governors muggggggggggggg you for your money. This kind of civil behaviour will never happen in your side of the country. Kudos to Yoruba people, by the way I'm not a Yoruba man but I live all my life in Lagos. In time of Awolowo the UPN policy of free education goes beyond Nigeria shore, all for former Bendel state citizens living in UK benefited from the policy. Compare the standard of living and infrastructures you had then to what you have know with all the governors loooooooooooooting all your money to give themselves chances of contesting for the presidency when it comes to their zone. This is one of the reasons people like Kalu loooooooted all your money and you can't do anything about it.


Go on and clap for yourself! grin grin grin You darn right I talk a hell of a lot but I sure am saying the truth. Before you start calling the U.S. and it's Social Security Scheme, my advice please know what the hell you're talking about. U.S. is broke because they chose that part to be broke just like I had mentioned previously, this Gov had decided to indebt his state. If you look at the debt trend pattern, about 3/5th of the debt was used to finance wars in overseas, military spending (equipment financing). Perhaps 2/5th was used for the ailing economy and other projects mostly capital projects. e Unfunded obligations represent only a minute amount of our budget.


Now that I have explained that, U.S. did not accumulate debt by paying social security, as a matter of fact, they pay social security to those who have contributed into the system. For instance, due to my tax bracket about 1/4 of my check goes into Taxes, Social Security, Medicare, and the last one, I don't know now. Do the math, for instance of that 1/4th let assume represent $300, $80 (27%)goes into Social Security. Multiply $80 x 26 pay periods in a year = $2,080 just for Social Security. Assuming I continue to contribute the same amount for the next 40 to 45 years up to retirement age of 65+, at 40 years, I would have contributed into the system $83,200, and at 45years, I would have contributed $93,600.

However, if this were to be the scenario, it's easy, but unfortunately for me, I will have to account for the fact I won't continue to earn same amount every year up till retirement. Assuming every 10 years, my pay increases by $10k, over 40 years, I've had at least $40k. So you do the math and tell me if I have or not contributed over $100,000 to SS over my working time till retirement. Keep in mind, there are tons of scenarios that play out in this which for simplicity sake, I just mentioned one. Now I have paid my own quota, you come to tell me like it's a free thing the govt is doing for me,  angry angry angry,  when in fact the govt has taken so MUCH; in fact, I get less than I contributed; sorry Uncle Sam don't give FREE. Keep in mind, that's why we have 401(k)plans, IRAs, and other investment (stock option) plans to supplement SS benefit.

Please don't bring in any tribal element into this; SE or SW governors or whoever has nothing to do with what I'm saying. I will speak out WRONG when I have to, this has nothing whatsoever got to do with him. My argument has always been the state isn't healthy, I'm a numbers guy, I perform analysis (which is part of my job), if the man wants to continue, then ride on. All I'm saying no one should be surprised at the number of debts that arise later. It's one thing to do good deeds at your own expense than at the expense of other people. If other gov want to loot, obviously I cannot stop them (though it's wrong and I often rebuke it), but putting the people in serious debt is far more worse than looting the peoples treasury.

Then again, I'm entitled to my humble opinion; I strongly want to believe that he isn't borrowing money to do good deeds for the people because the day debtors will come knocking, all your collateral will be so undervalued that they will sell off the entire state to pay back its debt including interest. My final point, if you're take on a debt, do it for the RIGHT reasons. For instance if Osun state gov who employed 20,000 youths at $2.4billon expense to the state, utilized that money for infrastructural purpose; half to erect roads, market place or agricultural farms and the other to provide funding for small business (govt backed funding), trust me, he will get that $2.4billion back, maybe not in a year or two but in 4 or 5 years, you will see results.


Don't think I'm a hater, I'm NOT, I'm just saying the obvious truth which most people seem to be hiding from.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by member479760: 8:08am On Oct 30, 2011
half bread beta than null, this is what the useless FG suppose to do and not distributing useless awards when its own people are dying of hunger.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by fergie321: 2:47pm On Oct 30, 2011
@manny4life

Thank for your analysis, the point I was trying to drive home is that the US might not have had a perfect system when they embarked on social security system. I'm an accountant myself and as conservative as you are, I strongly believe on cost and benefits as a model towards embarking on projects. But seeing the way Nigeria politicians run the country and the way they line their pockets with the people's wealth, anything out of the state pocket that we can see is welcome. If we are waiting for them to build roads, hospitals and invest on education it may never happen. This is because every state governors are competing against the other state governors on lootering. The figure we are talking about is huge. Those people are heartless.

I believe you also mentioned the cleverness of the governors of the SE that is why I talked about Kalu looting their money. In fact you probably know more than I do when it comes to the way the governors of the SE executed their projects and funds, from what I see and heard they are worst than governors of the SW. I remember one of the governors of the SE in the past collecting money from graduates seeking employment on the ploy of consultancy fees. In the end they didn't have a job nor their money been refunded to them. Edo state has to deal with hapless Lucky Igbenedion. I gathered when he was governor he was competing with Ibori who to devices the most in-genus scam to loot their individual states. He was least interested in the affairs of the state. That is why I barked this governor doing something for his people.

I believe now that he have start this system like the labour party introducing free medical care in UK after the war it will be impossible for future governor trying to take the scheme from the people. If you notice, Nigeria political parties do not have a clear costed manifesto before coming to power. The present president gets elected on ''vote me vote for hope agenda'' he is clueless what to do now. PDP as a party do not have manifesto, so their politicians elected on the party platform do not have anything in common other than to loot as much money from the Nigeria state. That is why senate voted Ten Million Naira monthly salary for themselves, and then buy themselves cars and more. People who claim to be millionaire need the government to buy them cars. What are they met to do with this cars, drive to their constituency? No chance.

Is a nightmare for Nigeria state. At the moment those senators and house of house of representative members sponsored by governors are now calling for the head of EFCC to be sacked. They are claiming they now want the head of the agency to be a retired judge. Serving governors are beginning to get scared about the crime they committed looting the people's money. Last week the present governor of Rivers state was running down the agency claiming they should look for looters in Federal government who received 55% of the country resources rather than poor governor that serve their people well. He is scared because he thought and believes Obasanjo might do unto him with EFCC what they claim he is doing to Gbenga Daniels at the moment. If you recall Obasanjo never favoured him to be the governor of that state. If you recall he was the governor without election.
.
Re: Ekiti Senior Citizens Get N5,000 Monthly Allowance by Nobody: 3:37am On Oct 31, 2011
seriously, Wetin you de chop?? undecided
5k goes father in ekiti than it does in Lagos, I once chop amala with ten pieces of meat for 180 naira at buka for lekki arts market area, e no sweet, but, anyways this was in 09

jason123:

Too small to make any impact. Probably 2-days meal!

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