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A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths - Politics (2) - 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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Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by spiritman5678: 9:45am On Jun 17, 2015
The way forward for me is that government officials should patronize made I Nigeria goods, only by that will SMEs thrive.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by IdrisAdebiye: 9:47am On Jun 17, 2015
its N100bn per month and N1.2Tn in one year.

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by walemadu: 9:47am On Jun 17, 2015
story

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by OrlandoOwoh(m): 9:48am On Jun 17, 2015
Franzeez:
Any govt that pays 5k pee month to youths is a failed government. Its total rubbish, it brings more harm o our economy
How have the Unemployed Benefit Funds the UK pays to youth adversely affected their economy?
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by kelib: 9:48am On Jun 17, 2015
When i heard ma v.p quotin d world bank poverty line of 1.50$ i was forced 2 ask aw much a plate of eba cost @ our local bucca n no poor individual in 9ja even a begger dat wil nt tel mi dat he or she consume food twice a day n u want 2 pay dem 5k mthly

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:49am On Jun 17, 2015
Typing
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by swankylay(m): 9:50am On Jun 17, 2015
Lovely calculation
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by basilo101: 9:51am On Jun 17, 2015
We hate free things in the east. Give us low interest loans instead

6 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Vicadonis(m): 9:51am On Jun 17, 2015
Great analysis
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by AsSabirin(m): 9:53am On Jun 17, 2015
basilo101:
We hate free things in the east. Give us low interest loans instead
sanusi gave you that already. jaiz bank!!
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:54am On Jun 17, 2015
Typing.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by GentleMimi: 9:54am On Jun 17, 2015
Beautiful analysis. Politicians would say and do everything to garner favour and attention. They should invest that money into infrastructures,power supply shld improve. Some small scale businesses in Nigeria have collapsed due to erratic power supply. It is not enough to give out money to jobless youths, but to ensure that the system and environment is favourable.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Horllamideh(m): 9:55am On Jun 17, 2015
Iykopee:
The brainless Daura President is empty upstairs. We dont expect him to understand how it works when simple calculation is involved.
i know it's really hard to pretend like someone that have a functioning brain but you don't wanna quit now....do you??
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 9:56am On Jun 17, 2015
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 knl 5000naira * 20million proposed beneficiaries = 10billion naira monthly..
10billion naira * 12months = 120billion naira expended on this social scheme.

Dear OP, you made sense,

But if Nigeria should get broke, let it be because everyone lavished, not because a few men in power lavished.

If a few men will have no issue sharing about 9B on wardrobe stuffing, then its not bad for 20million persons to buy drinks, be merry, and get high on 10B.

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by kheart(m): 9:57am On Jun 17, 2015
Franzeez:
Any govt that pays 5k pee month to youths is a failed government. Its total rubbish, it brings more harm o our economy

Bros stop displaying ur ignorant here, america pays the unemployed too.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by ApexTitan(m): 9:59am On Jun 17, 2015
Panelbeater:
A MATHEMATHICAL ANALYSIS OF THE PROPOSED #5000 STIPEND FOR THE UNEMPLOYED NIGERIAN YOUTHS WITH A SUGGESTIVE WAYFORWARD......falemara bidemi.

Now let's go mathematical, 5000naira * 20million proposed beneficiaries = 10billion naira monthly..
10billion naira * 12months = 120billion naira expended on this social scheme.


Error.

5,000 * 20,000,000=100,000,000,000 not 10,000,000,000

I.e 100Bn not 10Bn

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by repogirl(f): 9:59am On Jun 17, 2015
The op is right.....bashing out money the country doesnt even have is senseless, it will put it into.more debt and fuel the corrupt system even more but investing in infrastructure and training of the youths will not only help them but it will also boost the economy.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by volterra(m): 9:59am On Jun 17, 2015
omowolewa:
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.

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?

As u see am na so i see am too oh.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 10:00am On Jun 17, 2015
Anybody that disputes this article should have his head examined. This is the most stupid social scheme since people partied while Noah built ark for the floodd

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Franzeez(m): 10:02am On Jun 17, 2015
kheart:


Bros stop displaying ur ignorant here, america pays the unemployed too.

Look at you comparing a 16 trillion dollar economy with 1 percent unemployment rate to a 500billion dollars economy with 40 percent unemployment rate. You better go to school and stop fooling yourself. Out of me and you whobis displaying ignorance. MUMU

6 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by maxy097(m): 10:02am On Jun 17, 2015
Let these APC people keep deceiving themselves

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by segcymoor(m): 10:03am On Jun 17, 2015
Correct!
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by repogirl(f): 10:04am On Jun 17, 2015
kheart:


Bros stop displaying ur ignorant here, america pays the unemployed too.
Is America wallowing in corruption?

Is America broke and in huge debt?

Is America unaccountable ?

Until we.solve our key problems, dashing people.money will not work.... instead invest in the economy and create more job opportunities.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by ibk4luv(m): 10:05am On Jun 17, 2015
I wonder why people always say rubbish ..... am very sure this people complaining will be 1st 2 register 4 this program oo cos am sure they r jobless .... plus at least it's better Dan letting just 1 politician steal it 4 his personal use

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Ramstar: 10:06am On Jun 17, 2015
Iykopee:
The brainless Daura President is empty upstairs. We dont expect him to understand how it works when simple calculation is involved.

you're blind

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by eleko1: 10:07am On Jun 17, 2015
Find work to do.dry cleaner,mechanic,baker,Puf puf,nkwobi joint dey there.Do something with Ur hands and God will bless U.stop depending on what ur country will do for U.ARISE/SHINE.If u are in doubt,ask Vickyrotex
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.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Lordave: 10:07am 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.
But you're not jobless, are you?
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Franzeez(m): 10:07am On Jun 17, 2015
OrlandoOwoh:

How have the Unemployed Benefit Funds the UK pays to youth adversely affected their economy?

Because the economy of UK generates more excess revenue than Nigeria. So far Nigeria can't match UK. The UK is 5 trillion dollars economy, while Nigeria is 500 billion dollars economy, we have greater unemployment rate and they have just a hand ful of people unemployed, with their revenue and the little number of me unemployment, they can afford to pay the unemployed youth. But in Nigeria, we have so much infrastructure deficit which has made our GDP low, we can't afford to spend 120 billion naira on paying youth when we have so much infrastructure lacks. If we do for how long will we pay youths?

3 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by greggles: 10:08am On Jun 17, 2015
I wrote a frontpage Article about this yesterday, providing a better alternative, some of which were highlighted by this artcile. Read here:

https://www.nairaland.com/2383313/better-alternative-n5000-monthly-allowance

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