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A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths (30443 Views)

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 youngelder(m): 11:21am On Jun 17, 2015
Looking at the numbers... its gonna be a total waste. Instead, that money can be injected into 3 main areas namely: POWER (electricity), SCIENCE AND TECHNOLOGY and AGRICULTURE.
1ST.. WIT al the sunshine we have, enough cash can be expended on solar power. Building, generation of power and eventual maintenance of such structures would provide jobs.. plenty jobs. With steady power acheived, trust me, business and wealth would start springing up. All we need is power.
2. AGRICULTURE. We can invest in plantations. This would increase food yield, that can also be exported. Additionally, the sale of these agricultural products would also a source of wealth and empowerment.
3. SCIENCE AND TECHNOLOGY.. We all know thats the backbone of all developed nations. I need not say more.
.All we need is a long term plan for the nation... than this 5k that cant do no shi.t for nobody...
.
.I AM YOUNGELDER.
GOD BLESS NIGERIA.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by aventura: 11:25am On Jun 17, 2015
Amya:
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, oil the wills 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!

Encore!!!!

Your reply can be used on creating a counter thread to this ****
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by nd07(m): 11:33am On Jun 17, 2015
@U r d type we need 4 economic advancement in ds our developing nation thanks 4 ds

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by chanx: 11:43am 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 wonder what you have achieved in your entire life, to have the nerve to call PMB a dullard.

He is the president.
Who are you?

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by jaysniggs: 11:43am 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.



Lol sharp guy

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by jdleo32(m): 12:05pm On Jun 17, 2015
APC should watch wat they promise. U will realize the real population of Nigerians living in abject poverty as soon as its implemented. This is above 60m people.
Do the maths by 5ooo. Hmm this govt. Should know the sooner its starts. Reversal becomes an issue, the subsidy is still in a dilemma today. Watch wat you bite u might end up not chewing it at all.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nicepoker(m): 12:15pm 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.
south south 0% abi.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by SweetyZinta(f): 12:22pm On Jun 17, 2015
A dullard without waec certificate is now ur president. Hahahahaha so shall it b 4 d next 4yrs or more. Hating is allowed!


Iykopee:



U are pained. Hahahahahaha take it from me that ur brainless president is a natural dullard.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by PStacks(m): 12:28pm On Jun 17, 2015
Panelbeater:
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.




You have made good valid suggestion but in nigeria we have too much bureaucratic bottle-necks..

Politicians are the problem with this country, when money is en marked for serious developmental projects like u suggest rightly.. These funds are either carted away to foreign bank or outrightly stolen..

So instead of politicians eating our future away, make we kuku dey collect the 5K so we would know by ourselves that we are eating our future and have no future.

I prefer Govt to pay that stipends than promising industries that would never see the light of day.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by IBBG(m): 12:30pm On Jun 17, 2015
Dis 5k wey guys d expect frm Buhari don turn everybody to mathematician. Omo c permutations n formula derivation. Boys just d mak sure say dis money ghast go round. Nobody want carry last. Naija I hail ;DDis 5k wey guys d expect frm Buhari don turn everybody to mathematician. Omo c permutations n formula derivation. Boys just d mak sure say dis money ghast go round. Nobody want carry last. Naija I hail

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by NaijaHulk: 12:32pm On Jun 17, 2015
jdleo32:
APC should watch wat they promise. U will realize the real population of Nigerians living in abject poverty as soon as its implemented. This is above 60m people.
Do the maths by 5ooo. Hmm this govt. Should know the sooner its starts. Reversal becomes an issue, the subsidy is still in a dilemma today. Watch wat you bite u might end up not chewing it at all.

I just dey pity APC coz I no know the miracle they want to work with Nigerian economy that is non-existent. in the absence of money and oil prices in the doldrums. but I guess its a start sha. but I say no to any 5k b**s**t joor what is that? what needs to be done is projects that benefit the country such as power and electricity and agriculture and building. those will generate employment and give people source of livelihood instead of donating handouts to citizens which will be frittered away. and of course the program will be hijacked with ghost jobless people and become another subsidy albatross.. no abeg... we not want...

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Volksfuhrer(m): 12:34pm On Jun 17, 2015
Amya:
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, oil the wills 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!

Your macro-economics sucks!

The money is not a waste as some would have you believe. In fact the approach is brilliant!

The capitalism that you alluded to wouldn't have survived without these programmes. The Western economies have their own versions too, so Nigeria need not be an exception.

Let's cut to the chase. If the payments reach their intended targets, the recipients will in all probability spend all of it. Why? 5000 naira is still too little to keep body and soul together for a month. And whatever they spend becomes increased revenue for other businesses within the economy which multiply sales! Imagine the multiplier effect on the economy.

Secondly, parents/guardians who carried the burden of these youth's welfare are also relieved of a part of the burden. What was spent on the youth before can now be channelled into more productive ventures. Which also stimulate the economy!

Mass-based economic stimulation like this cannot but create more employment to further mop up some of these unemployed youths eventually. Since increased effective demand translates to more sales and business growth.

And one more thing, there is a correlation between self esteem and productiveness because of how our mind works. The saying that poverty begets more poverty is not far off the mark. I concede that the project could make some dependent, but it could still get millions of others out of poverty which is huge. After all, everyone of them was already dependent anyway. I believe the payoff would more than compensate for the cost because of macroeconomic effects.

Let's look at the government side. Yes, the government would spend money initially, but the government would later benefit from increased revenue through taxes from the effects of economic expansion.

The Americans started social security to tackle the inherent contradictions within the capitalist economic system. And I believe that if the project is properly executed here in Nigeria, economic benefits would spread to all. You see, concentrating wealth in the hands of a minute few, or marginalizing the greater number of your fellow citizens from wealth truly sucks.

Don't get me wrong, I still agree with you that capitalism rocks; but I put no stock in your ilk of capitalism.

The humble submission of a fellow Nigerian.

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by kefidoh(m): 12:40pm On Jun 17, 2015
@OP 5000 x 20million = 10billion?...The problem starts with you.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by UncleJudax(m): 12:41pm On Jun 17, 2015
kazmanbanjoko:
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.
NEMA is not an NGO, but a government agency. So, the IDPs are being catered for by the Nigeria Government.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by mobbi06(m): 12:49pm On Jun 17, 2015
Your math is wrong bro..
20million X 5000 = 100billion
100billion X 12months = 1.2trillion naira.
So this scheme amounts to a meagre 1.2trillion Naira a year. wink

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Image123(m): 1:04pm On Jun 17, 2015
Panelbeater:


Note that the government didn't give a particular number of people, only observers are playing around with figures. Also, the scheme is not for jobless youths, it is for the most vulnerable poor. That's a category that will be likely old people, sickly people and beggars. There is nothing wrong with the scheme, developed countries have similar schemes and even social securities taking care of poor people, giving them food, the insane and sick people etc. Also, the scheme does not stop other schemes and development or industrialization plans. If we can pay lawmakers who are about 2,500 people, we'll pass paying our poor and helpless families.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Sigo86(m): 1:06pm 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.

Ur papa get brain reach PMB
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by electropiz(m): 1:20pm On Jun 17, 2015
Great write up, The D.D no know wetin him dey talk

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Nobody: 1:24pm On Jun 17, 2015
But America and the other western economies who pay unemployed youths,the aged and people with disabilities,how do they sustain it?
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Kirinwa: 1:26pm On Jun 17, 2015
Op is right on this one. That 5k would sooner be lost to nairabet and co.Thanks to our youths new obsession with betting.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Sambest2(m): 1:41pm On Jun 17, 2015
Panelbeater:
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.

Bro, this is a Mathematical model. When developed properly, it can be used as an undergraduate/postgraduate thesis.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by atlwireles: 1:51pm On Jun 17, 2015
Markieee:
Bro It's 100,000,000,000 billion per month for the 20 million people Not 10 Billion


We're actually talking of N1.2trillion per year.

Let's hail Buhari please lipsrsealed, APC change grin grin grin, pathetic lazy almajiris and their dullard of a president.

Where is the dullard going to get this money?

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Amanwulu1(m): 2:03pm 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. 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.
d scheme cannot wk. My own maths witout consulting a calculator says N100m monthly n N1.2t annually. Even buhari I'm sure knw it's impossible except his blind followers.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Hero10001: 2:21pm On Jun 17, 2015
Basildvalour:
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.
A very wrong calculations!
The scheme will be in phases where someone graduates eventually.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by tola9ja: 2:23pm On Jun 17, 2015
Panelbeater:
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.

2 Likes

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Rubis(m): 2:34pm On Jun 17, 2015
Some people just want to be popular by all means, e.g the writer of this article.

Is the 5k that will be given to the poor masses the only money Federal Government have? Haba!!!

That still won't dissuade them from creating employment and developing infrastructure.
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by McSterling(m): 2:37pm On Jun 17, 2015
It's actually 1.2 trillion monthly. This would be a really big waste. The government shouldn't go along with this. It would not tackle unemployment in any way. The government's worry should be about tackling unemployment not festering it.

1 Like

Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by McSterling(m): 2:39pm On Jun 17, 2015
Hero10001:

A very wrong calculations!
The scheme will be in phases where someone graduates eventually.
Will graduating mean getting a job?
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by free13: 2:53pm On Jun 17, 2015
Hmmm......
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Genius100: 3:00pm On Jun 17, 2015
Some people are just plain silly.... APC never said they will pay unemployed youths. They said they will pay the poorest persons. There is a big difference
Re: A Mathematical Analysis Of The Proposed N5000 Stipends For Unemployed Youths by Hero10001: 3:10pm On Jun 17, 2015
McSterling:
Will graduating mean getting a job?
YES!
The Op is just illusory.
It's gonna be in batches e.g 20,000 pple would benefit for the first 3 months which would increase subsequently.
However, a beneficiary is expected to graduate within six months (it's not a life programe)
The scheme is to enable the govt to know the rooster and bulls and how to incoporate em in the society.

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