LRNZH:
[b]At the post above,

Even without wasting 1% of my brain cells, if I were GMB's advisor, taking out Tompolo and the rot in NNPC will save us about $15Billion per annum.

Building an adequate local refining capacity will save us another $5+ Billion. If stable power is transformed within 2-3 years (15,000 MW for a start, which is very possible), that's more productivity and more earning in taxes for the gov't.

To stay conservative, $15Billion (27 Trillion Naira) per annum is enough to run such a welfare program until youth unemployment rate is drastically brought down from its current level of 80% (CBN figure) to say 30%.

After that, they can stop such a welfare. N5,000 monthly is not enough incentive not to look for a job.

Note that givin everone N1M each at once has too much risk.
1. Hyperinflation due to too much currency in circulation
2. A lot of people will waste it.
I doubt if more than 40 will be ploughed into meaninful ventures and if more than 20% will be successful in the end.

I think you underestimate the level of Nigeria's riches and the scale of corruption going on in Nigeria under GEJ.[/b]

Redoil:
are you still here consoling urself after the uppercut by gej in APC stronghold yesterday?

LRNZH:
Why do PDP suppprters run from arguments without acknowledging if they agree with my points or not?

SUBMARINE:


Thanks for the response even though you didn't include my moniker so as to make it easy for me to know when you have responded

LRNZH

When you give them N1m each to go into small/medium scale production businesses

1) Price Inflation would fall because the production will climb up leading to higher supply.

As supply catches up with demand, price falls. Remember the law of demand and supply.

2) They won't waste that money if

a) they are told to pay back in every year for at most 10years. Which is easy to pay.

b) Their certificates, international passports and other documents are used as collateral and they are banned from travelling without government approval.

c) they are told to bring guarantors that can be arrested if they run away.



What do you think.

LRNZH:


Owerri – The Presidential flag bearer of the All Progressives Congress (APC), Gen. Mohammadu Buhari, has said that insecurity and corruption are the major problems militating against the development of Nigeria as a nation and promised to tackle the menace, if elected president on Feb. 14.

Buhari said this when he paid a courtesy visit to Gov. Rochas Okorocha of Imo at the Government House, Owerri on Wednesday.

He called on the Igbos to support APC, saying that one of the objectives of his government, if elected, was to secure the country and efficiently manage it.
He said that, if voted into power, his administration would decisively deal with terrorism, kidnapping and corruption at all levels.

On economy, Buhari decried the alarming rate of inflation in the country and wondered how local businesses could survive with the rate of exchange of Naira to Dollar.

He, therefore, promised to improve on the economy.
“In 1984 as the military head of state, I refused to devalue the Naira, refused to remove subsidy on petroleum products.
“We equally made an undertaken to meet our obligation on foreign debt – medium and long term. All these we did within the period we were in power.”
Earlier, Gov. Okorocha lauded Gen. Buhari for his zero tolerance to corruption as well as his vision for Nigeria.
He requested, among other things, that a fair share of political positions be allotted to the South-East as well as creation of an additional state to make for equity and fairness among the six geo-political zones of the country.

He also requested for the upgrading of the Sam Mbakwe Cargo Airport to an International Airport as well as the rehabilitation of Enugu – Onitsha Road, Enugu – Port Harcourt Road, and Aba –Ikot Ekpene Road, among others, if elected.

“My General, I ask for nothing but these few things and I know you can do it. But for the votes, my people will give you their vote,” he said.
APC Chairman, Chief John Oyegun, Gov. Rotimi Amaechi of Rivers State, Sen. Chris Ngige and other national leaders of the party accompanied Buhari during the visit.

http://www.vanguardngr.com/2015/01/military-head-state-refused-devalue-naira-buhari/

rudedough:


He didn't run away, i think he left you to your economic illiteracy but it seems you're not an easy quitter. Give it up son, 4Play just took you to school.

Even 4Play wouldn't say that. I see you are a praise singer. Another court jester...

jdilight:


How will he tackle inflation? If we must move forward me should be asking, "how will you".

No import dependent nation can tackle inflation, ask Zimbabwe.

jdilight:

How will he tackle inflation? If we must move forward me should be asking, "how will you".
No import dependent nation can tackle inflation, ask Zimbabwe.

lincolnj88:
We know... Is this your certificate

LRNZH:


I'd rather lose my certificates than watch 200 girls and 18 female soldiers taken away as sex slaves.

I'd rather lose my certificates than let a bunch of militants steal 400,000 barrels per day while my country is broke.

I'd rather lose my certificates than let my family live in perpetual darkness while my account is filled with $100M.

LRNZH:


There is not much wrong with your proposal. It is not a new idea. There are agencies set up to do this already like NDE, NEXIM, Nigerian Agric Bank, MSME banks, SURE-P.... Community Banks etc

The institutions listed above are just not efficient that is why you don't feel their impact. Another evidence of GEJ's failings since Feb. 2010.

My point is if done on a very large scale at once, we would grapple with run away inflation because of too much money in the economy.

I do not see a problem with GMB's sugestion of N5K per month if it is planned to be a palliative for say 3 years to discourage societal ills among youths etc until the economy is cleaned up and booming again.

SUBMARINE:


You keep talking of inflation without scanning GMB's ideal with it

For your info, GMB's ideal will lead to inflation

Why

Releasing N1.5tr into the economy for consumption without corresponding increase in production and supply of goods and services will lead to higher demand which in turn will lead to increase in price inflation.

So rather than follow that path and end up worsening the situation

It is best he follows the path I suggested. My proposal if implemented, will eliminate future price/monetary inflation by increasing the quantity of goods/services produced and supply.


What do you think.?