tonychristopher:
Buhari wants to implement a socialist economy with money from Niger Delta after chasing away their son

How possible can that be

He is not winning anyway

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If the above is really true, then it will take more than myself to make you understand a very "cranially complicated" procedure!
It will be like trying to teach "Differential Mathematics" to a five year old. I would rather he learns A,B, C first before attempting that.
My point is, you need to get to grasp with the "basics" of Economics 101... then we can sit down and discuss the above.

As a parting shot: "Some things" led to the volatility of the Oil price viz-a-viz how it affects Nigeria in particular (which was Buhari's focus and what he intends to address).

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sucess001:


how e take be nonsense bros?

londoner:


I am talking about people who are working, not the poor that GMB is seeking to help with this welfare strategy.

The only people that I know for sure pay taxes are civil servants and other working directly for the gov. Others do, but there is no robust system of taxation that spans the whole country and covers all working people or businesses.

There is a tax threshold in all countries that have a welfare state. If you are below the threshold you don't pay tax. Even for those above it is calculated at different rates, depending on your salary/wage. People who are self employed pay taxes too.

Nigerans, will always, always, never agree that individuals should pay tax, yet with the same lips talk about welfare that they should experience.

Ofcourse they will cite western countries to agrue what they should get, but never what they should GIVE.

lastpage:
I am shocked that most people who dont like Buhari (out of fear, out of ignorance or just sheer hatred) are asking: WHERE WILL THE MONEY COME FROM?

Maybe l should ask you guys: Where did the $20 Billion Dollars missing from NNPC come from?
Where did the $5Billion or so that Dimeji Bank-Ole stole, come from?
Where did the Billions being distributed to TAN come from?
Where did the #2Billion for "Aso Rock food" come from?
Where did the "Constituency Allowance of our useless Sin-nators come from?
Where does the Billions being stolen by the Subsidy Scammers come from?
Where did the $13Billion wasted on Electricity by OBJ (without results) come from?

I can go on forever, asking this question about "real money" that was stolen.

ALL WE NEED IS A LEADER THAT WOULD TAME LOOTING AND CORRUPTION AND YOU WILL SEE THAT WE ARE AWASH WITH SO MUCH MONEY THAT CAN BE USED FOR SUCH PROGRAM! We simply re-direct our stolen (now recovered or kept safe by Buhari) money to the program!
GEJ is certainly not that Leader, as we have seen in the last SIX YEARS of his being our President!

And those who are asking about "How the Program is going to be managed"?
I've heard people say the same thing when it comes to generating Electricity from Nuclear Power! (Nigerians are careless oOoo!)

Do you actually think Nigerians are so incapable of doing anything good? We just lack leadership, thats all. Go and see what Nigerians achieve abroad (despite all the odds they face), where they are provided with "leadership".

Please dont be so pessimistic.... we are a great people just unfortunate to be led by STUBBORN GOATS!

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EasternLeopard:



That's the most funny thing of all


He thinks if GEJ losses, oil will keep flowing when he sends in soldiers

Unknown to him, OBJ the proud ..... did it an failed.

blank:
Is he for real? N5,000 monthly for 25 million people will be N1.5t per year. This is apart from the free food and etc he noted there. How much is the budget or will he start borrowing to fund these welfare/socialist programs? Instead of using the money to stimulate the economy so that they won't just be eating fish but will learn how to fish. This is just an inflationary policy that will be unworkable and unproductive.

Even going into the nitty gritty of the plan, how will they 25million be chosen? Who will administer it? How will they ensure that ghost Nigerians are not being paraded? How will they ensure that people are not cheated? Hope it won't discourage people from hustling?

I know no one is an economist, but they should have advisers on the economy na. I turn up my nose at this one.

ISpiksDaTroof:
What they are trying to do is financially empower the citizen starting from the poorest. Hungry people will not learn and hungry people will not think critically; basically, hungry person=non productive citizen. Welfare doesn't mean they get to stay on it forever, it means you get a stepping stone to better things and a fighting chance in life. Note also, for example, that for the NYSC graduates the plan is to assist them financially for 12 months meaning in that period they will most likely find a job that pays better. These are signs of a serious government that means business and loves it's people.

This is a laudable project and I think it should be supported. It can work. Especially if corruption is seriously attacked.

joeboy03:
Sadly, implementing this plan would breed corruption, laziness and even baby boom. This would be an avenue for corrupt politicians to manufacture non existent names and even families, inflating the budget meant for the program and ultimately diverting the excess.

Among the thousands or millions of educated Nigerians, from the elite to the ordinary, politicians and non partisan, aren't they seeing beyond the surface?

We are more in need of infrastructural and economic development, therefore, resources should be rightly channelled to the aforementioned.

Mogidi:
How would he fund it, (I see you asking) probably after stabilizing world oil prices, this Muguhari is a closet genius.

Anyway certificates please.

londoner:


It s laudable, I'm not saying it is not, but Nigeria can not sustain this at this time. You live in a country with a welfare state, right?

So, you know how these things work.

The money is better spent on those who will find a job, start a business or employ others. Its even better spent on those who have a business, but can expand and employ these people, at a wage more than N5000 per month each.

Its like eating your seeds, instead of planting a tree, that will bear both fruits and more seeds.

chemali:


It's a scandal only in the TANoids game book. It's a non issue. The issue is what has Jonathan done in 5 years of power with high oil prices. How has he tackled corruption? What investments has he made? How has he been a good steward of our resources? Does he have a plan?

ekeneidiagbor:
Buhari tryna take us back to the good old days when govt schools had cafeteria that entitled kids to free food... Dats nice... But hope its not promise and fail o

lekkie073:

He promised to stabilise global crude oil price.....

EasternLeopard:



That's the most funny thing of all


He thinks if GEJ losses, oil will keep flowing when he sends in soldiers

Unknown to him, OBJ the proud ..... did it an failed.

revolt:
what were these things that caused the volatility of oil price? How will buhari control dese variables ?

jpphilips:


Dumb people like you and your cohorts up there don't know that countries like, Norway, Nigeria, Russia and Saudi Arabia has what it takes to stabilize the price of crude oil in the international market, Should I blame you? of course not, with an Otuoke paymaster who denied you education however free, and his incompetence in OPEC, sells a false impression that Nigeria is at the mercy of world politics.

Ask yourself, how many oil producing countries have not activated their foreign policies in the face of this crisis? mention one, yet your Otuoke Jesus is still w@nking with Amaechi, Bamangar tukur in petty politics. Does Jonathan have a foreign policy?

I don't blame you guys, I just wish your parents are civil servants by now, your allowance will be put on hold, let me see where you will get data bundle to support evil, nonsense!!

joeboy03:
Sadly, implementing this plan would breed corruption, laziness and even baby boom. This would be an avenue for corrupt politicians to manufacture non existent names and even families, inflating the budget meant for the program and ultimately diverting the excess.

Among the thousands or millions of educated Nigerians, from the elite to the ordinary, politicians and non partisan, aren't they seeing beyond the surface?

We are more in need of infrastructural and economic development, therefore, resources should be rightly channelled to the aforementioned.

Bawss1:


Do not let your love for Buhari leave you in delusion, no nation or group of nations can "stabilise" oil prices. OPEC the oil clique is still very much in play yet in spite of their efforts global oil prices have fallen from >$100 to about $50. Demand from oil thirsty countries has dropped, the US has stepped up its local production by exploiting shale. There is no singular measure that OPEC or any nation for that matter can use right now to revert oil prices back to what it was before. It will only rise when demand from countries like the USA and China pick up. Thats why it is completely ridiculous that Buhari claims he can stabilise oil prices.

His comment alone speaks volumes about his ignorance about this matter and it shocking that someone who claims he is better than than the current leader can be so bold with such ignorance. It is a big shame that this is the kind of person we want to lead us to greatness after the disappointment that GEJ has been.

What is the point of replacing a dumb leader with an ignorant one?

EDIT: Re: Your post. What foreign policies are you talking about? All the countries that have been hit hard by this drop in oil prices are reeling from the pain.

jpphilips:


Dumb people like you and your cohorts up there don't know that countries like, Norway, Nigeria, Russia and Saudi Arabia has what it takes to stabilize the price of crude oil in the international market, Should I blame you? of course not, with an Otuoke paymaster who denied you education however free, and his incompetence in OPEC, sells a false impression that Nigeria is at the mercy of world politics.

Ask yourself, how many oil producing countries have not activated their foreign policies in the face of this crisis? mention one, yet your Otuoke Jesus is still w@nking with Amaechi, Bamangar tukur in petty politics. Does Jonathan have a foreign policy?

I don't blame you guys, I just wish your parents are civil servants by now, your allowance will be put on hold, let me see where you will get data bundle to support evil, nonsense!!