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A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths - Politics - Nairaland

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FG To Begin Payment Of N5,000 To Unemployed Youths In 2017 / FG To Replace N5,000 Monthly Stipend For Unemployed Youths —ngige / Uncertainty Hangs Over Buhari's #5000 Stipends For #25M Poorest Nigerians (2) (3) (4)

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A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Panelbeater(m): 6:44am On Jun 17, 2015
A MATHEMATHICAL ANALYSIS OF THE PROPOSED #5000 STIPEND FOR THE UNEMPLOYED NIGERIAN YOUTHS WITH A SUGGESTIVE WAYFORWARD......falemara bidemi.

Peace be unto every eyes reading this insightful write-up, permit me to begin with the quotable quote;
"As we look forward into the next century, leaders will be those who empower others---Bill Gates...

Yes, we thank God the change a larger chunk of Nigerians so much crave is finally here with the emergence of Gen Buhari as President and Prof Osinbajo as Vice President respectively. Part of the agenda of this regime is the implementation of the 5000naira monthly stipend for unemployed Nigerian youths, this sounds laudable right..

Yes, it has been decleared that the government is hoping to pay 5000naira cash to 20million various bank accounts of some selected jobless Nigerian Youths, the yardstick for the selection, I don't know.
Now let's go mathematical, 5000naira * 20million proposed beneficiaries = 10billion naira monthly..
10billion naira * 12months = 120billion naira expended on this social scheme.
I can categorically opine that this proposed project is dead on arrival owing to the following assumptions:

(1). The Eventual Politicking of the Scheme..
Take it or leave it nepotism is an intrinsic nature of the black man, which might not likely change for centuries to come.
Ex President Jonathan actually meant good with his Sure-P scheme but it was later on hijacked by party faithfuls who diverted it for selfish ends and bet it, APC is not an exception. An average Nigerian Politician is gullible and selfish. Don't be suprised, you will eventually have to go begging a local party co-ordinator for a slot and don't be suprised, an influencial party chieftain will have a thousand slots linked to his pocket with different names.

(2). A Poignant Backlash from Unconsidered Applications.
Let's be truthful, there is no perfect system anywhere in the world. During the course of selecting the beneficiaries of this scheme, some merited applications would surely be omitted and trust Nigerians backed up with FOI bill, they would practically pull down the government on twitter and facebook with various caricatures and despicable articles.

(3).The OsunState Specimen..

Baba Kabiru actually embark on social welfare programes such as the O' meal, O' arugbo, O'Yes e.t.c.. It first looks good but the resultant effect is now O'Debt...You don't dish out fish rather, you teach people how to fish themselves thereby making ends meet..

4). Advent of Wastefulness and Irresponsibity among Youths.
The money is meagre I agree but it could still afford a reasonable quantity of Goldberg, Trophy and Orijin bottles (little money sooner spend eh) but before You lavish that which you work for, you will surely think twice, infact the Oloshos will receive the 5k cash from the guys that same night the alert is received.
The government should dispute this by conducting an independent survey into the sales level of bars, eatries, lesiure spots, brothels e.t.c, 3days after the payment of the stipend...

SUGGESTED WAY FORWARD..
(1). Heavy investment of the proposed money into infrastructural development.

As at 1989, the Ado Ekiti textile industry has the capacity to employ 7500 workers both directly and indirectly, so unfortunate kodurosoke converted it into shops.

The Oluwa Glass Industry at Igbokoda as at 1996 has the capacity to employ 13,000 workers directly and indirectly.
I could go on till you say stop to mention various moribund industries which, if revitalitized will mop off an appreciable chunk of youths from the labour market.
Other industries and infrastructure could as well be intiated and developed into international standard to meet export requirements..

(2). Avalability of Repayable Non-Interest Loans..

Of course, God has blessed us in Nigeria with intelligence and a distinctive drive for success..
The Government should provide a reliable scouting network to hunt for talented and hardworking youths, then make available this loans to them with punnitive measures put in place to punish defaulters.

BENEFITS OF THE AFOREMENTIONED WAYFORWARDS.

1). Rise of SMEs (small and medium scale enterprises)..

With the provision of the non-interest loans, Nigeria will witness a boon in SMEs.

2). Government will be able to boost internally generated revenue through taxes from employed individuals, SMEs and esthablished industries.

3). More business will thrive due to a corresponding increase in the purchasing power of the masses.

4). Rise of the Bourgeoisie.
There is nothing as middle class in Nigeria, it's either you are rich or you are poor, but if these measures are taken into consideration, the bourgeoisie shall rise which signifies a developed economy...

Falemara Bidemi writes from Ado-Ekiti.

173 Likes 20 Shares

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by solarview(m): 6:47am On Jun 17, 2015
Our government should start doing their talk... Hope this Unemployment situation in our country won't degenerate into some thing else.

Meanwhile... This FTC is specially dedicated to all the unemployed youths out there, God himself will intervene. IJN

6 Likes 1 Share

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Emenahagos02(m): 6:49am On Jun 17, 2015
If they are paying the stuff they should start kwanu, now Obiano is stopping bikes in Anambra.

4 Likes 2 Shares

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Basildvalour(m): 6:53am On Jun 17, 2015
Nice calculations, computations and suggestions. I quite agree with you on the workability of this scheme; its not realisable BUT targeting the money on infrastructure development will raise eyes for corruption as the cash passes from hand-to-hand.



The money should just be kept with the CBN and they can start off from there in achieving their aim whatsoever they may decide.

4 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Zaikon(m): 7:18am On Jun 17, 2015
nice one , naija government no deh use google so dem no fit see ur sugestionz.

1 Like 1 Share

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Iykopee(m): 7:28am On Jun 17, 2015
The brainless Daura President is empty upstairs. We dont expect him to understand how it works when simple calculation is involved.

30 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Panelbeater(m): 7:39am On Jun 17, 2015
Cc: lalasticlala... Any hope?

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by SweetyZinta(f): 8:01am On Jun 17, 2015
U dat u r so brainfoool wat are u? Stop d hating already. U cant change wat God has writen. Most critics does dat f00lishly.


Iykopee:
The brainless Daura President is empty upstairs. We dont expect him to understand how it works when simple calculation is involved.

33 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by omowolewa: 8:01am On Jun 17, 2015
What you see is economics, what they see is politics.

The scheme may work but for a little time.

How do we control the child birth which is an essential variable of the scheme. Guess the scheme won't see Nigeria father contesting on procreation, while others keep small family. Simply, inequality!

How do we teach our youth on fishing rather than giving them fish?

How do we stop that scheme from growing into another 'subsidy scam'?

How do we reliably gather the data usable on that project?

Why not Mechanized agriculture, why not empowerment, why not industrialization? Can't government acquire lands for large scale agriculture through PPP.

16 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Franzeez(m): 8:17am On Jun 17, 2015
Any govt that pays 5k pee month to youths is a failed government. Its total rubbish, it brings more harm o our economy

14 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Iykopee(m): 8:21am On Jun 17, 2015
SweetyZinta:
U dat u r so brainfoool wat are u? Stop d hating already. U cant change wat God has writen. Most critics does dat f00lishly.




U are pained. Hahahahahaha take it from me that ur brainless president is a natural dullard.

23 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by codedguy1(m): 8:23am On Jun 17, 2015
Are u sure 20,000,000 X 5000 = 10B or 100B?

25 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Markieee(m): 9:29am On Jun 17, 2015
Bro It's 100,000,000,000 billion per month for the 20 million people Not 10 Billion

13 Likes 1 Share

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by DjHypno(m): 9:34am On Jun 17, 2015
K
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Bonapart(m): 9:34am On Jun 17, 2015
Hoe-kay
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by koligs: 9:34am On Jun 17, 2015
ALL THIS ANALYST WILL BE THE FIRST SET OF PEEPS TO APPLY AND FIGHT FOR THE MONEY OH

6 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:35am On Jun 17, 2015
Lol
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:37am On Jun 17, 2015
Following
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Pope22(m): 9:37am On Jun 17, 2015
Selected youths? Why sleceted? Which means the number of the youths to be paying this controversial 5k will be like this:
Hausa - 85%
Yoruba -13%
Igbo - 2%

Which means pple like me won't even smell the nonsense.

34 Likes 1 Share

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:37am On Jun 17, 2015
OK...but


I’ll make Naira equal in value to dollar, says Buhari

Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.

Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri.buhari-Naira

“It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said.
http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/

grin

5 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by tolexy007(m): 9:38am On Jun 17, 2015
the prog will soon b hijack by all dis politicians, all the members of thier family will b included, employed and non empolyed, pri shc children, secondary sch, undergraduates, toddlers even d unborn ones their names will b included, abi not Naija?

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Expsbterror(m): 9:38am On Jun 17, 2015
This stipends is nothing but an appetizer would allow the benefactors crave more
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by kazmanbanjoko(m): 9:39am On Jun 17, 2015
I feel like getting some work done, so I'm going to sit here on nairaland until the feeling passes.

2 Likes 1 Share

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Amya(f): 9:40am On Jun 17, 2015
A brilliant writeup.

A country does not develop through social welfares such as this. This type of social welfare is for an already developed economy that can afford to throw endless money into an endless pit which this situation is likened to.

Paying 5K monthly to the poorest people and feeding all the school pupils does not eradicate poverty, rather it increases it! it creates a feeling of dependency and encourages poverty. lot's of funds are expended in these schemes, but at the end, the country will gain nothing if you look at the bigger picture.

Rather than use the non available funds for these schemes likened to pouring water in a basket, the government should as the OP said give out loans to people who merit it and who would build big business and employ labour in doing so, oils the wheels of capitalism.

While capitalism does have it's bad sides, it's the honest to God way we can get out of these rut.

It's a dog eat dog world. There will always be poor people and 5K will not make anyone rich over night, but will surely put the country inside serious gbege!

Capitalism rocks baby!

25 Likes 1 Share

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:41am On Jun 17, 2015
We nid dat 5k now or never
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Teempakguy(m): 9:41am On Jun 17, 2015
Hmm,

I wholeheartedly agree with bidemi.
The money is best invested on infrastructure.
I can assure the government that if there is constant electricity and academic resources, e.g libraries and research labs. Nigerian youths can outperform the whole of Asia combined. We have ideas, but we cannot achieve them because we are constrained.
In fact, I suggest a program in which the smartest youths in various local governments or states are employed as research experts in government owned research facilities. Like NASA. Also, our universities should focus more on research and less on academic work. Unilag can be like MIT. uniben can be like john Hopkins. We can do this thing. We just need a little support





Btw, i believe the total sum is actually 1.2 trillion. Not 120 billion as stated by him.

14 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Teempakguy(m): 9:41am On Jun 17, 2015
swizken6:
We nid dat 5k now or never
NEVER!

3 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by kazmanbanjoko(m): 9:42am On Jun 17, 2015
Pope22:
Selected youths? Why sleceted? Which means the number of the youths to be paying this controversial 5k will be like this:
Hausa - 85%
Yoruba -13%
Igbo - 2%

Which means pple like me won't even smell the nonsense.
bcoz the hausa in the north are the ones that needs it most. Boko haram have destroyed all their homes, their farms, their banks. It was NEMA that is sponsoring and taking care of the IDPs. They cant feed them forever.

2 Likes 1 Share

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by sukkot: 9:42am On Jun 17, 2015
swizken6:
We nid dat 5k now or never
what you need it for ?

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by tuoyoojo(m): 9:44am On Jun 17, 2015
this critic is a very good one....lets look at it. 5k is peanut. 5k divided by 30 days translates to a little over 160 naira a day. what would that do for someone with a family. most likely that money would be spent anyhow.

what makes a person poor is the mindset the person has.that a person is poor those not mean he cannot work.

this money should be given for them to start a business with

as sure as tomorrows sun, what the OP predicted,would happen. it was be hijacked by some people and used for personal aggrandizement

what criteria would be used to determine who really is the poorest of the poor

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:44am On Jun 17, 2015
So true,wish our leaders are more pro-active in solving common problem,than playing to the gallery.

Why give #5000,when such money can be used for development of the country,which will in the long run benefit the people,and even make the enjoy benefit greater than #5000.

Our leaders are mentally lazy.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by sukkot: 9:45am On Jun 17, 2015
Pope22:
Selected youths? Why sleceted? Which means the number of the youths to be paying this controversial 5k will be like this:
Hausa - 85%
Yoruba -13%
Igbo - 2%

Which means pple like me won't even smell the nonsense.
what do you mean ? what tribe are you from ?

1 Like

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