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Nairaland Forum / Nairaland / General / Politics / Justification For The N5000 Conditional Cash Transfer Program (CCTP) (3011 Views)
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Re: Justification For The N5000 Conditional Cash Transfer Program (CCTP) by Nobody: 12:07pm On Jun 18, 2015 |
Bevista:This is the same thinking that sent Osun state to the gallows. Let's keep borrowing. You will continue to borrow until it gets to a point where no financial institution will agree to borrow you any further. Then IMF will come with their Structural Adjustment Program as pre-condition to help out. Accepting means moving around another circle of non-prosperity and poverty for the economy. Rejection at this point won't be an option. The State will be damned! As for Banks bailout... Banks are productive institutions. The bailout isn't free-meal. The money is recovered overtime and recall that the Bank itself is productive. In fact, Bailouts is a very good intervention policy for failing industries. Should bank fail, it will send more people to unemployment and will affect the economy negatively. As for the borrowing to pay salaries, workers are productive. They are doing job for something and are paid for their effort. Should they be fired? As for the politicians earnings, well that is immoral for a start but even IF they decide to give up 100% of their pay, monies realised won't be able to immediately fix the deplorable infrastructure or the economy..It can only be done overtime. Welfare and Security does not necessarily mean FREE money btw |
Re: Justification For The N5000 Conditional Cash Transfer Program (CCTP) by baralatie(m): 12:18pm On Jun 18, 2015 |
Bevista: |
Re: Justification For The N5000 Conditional Cash Transfer Program (CCTP) by Volksfuhrer(m): 12:27pm On Jun 18, 2015 |
barcanista: Another slippery-slope submission. We should not resign to fate and become indecisive because things are not working! In any case, every government expenditure involves one payment or the other, and any expenditure on this programme is no different from the others. Where we differ resides mainly on what we think government priorities should be. And finally, every level of development has its beginning. Ours is now. Let the programme play. 1 Like |
Re: Justification For The N5000 Conditional Cash Transfer Program (CCTP) by greggles: 12:37pm On Jun 18, 2015 |
Bevista: Bro, its good you brought this out in a topic so we can further expand this debate from my last FTC topic My argument was not trash this program, but if it is meant to be a replacement to empower SMEs with business loans, then I completely disagree. By the way, do you know that if we count 25million citizens, you will have at least 5 to 10 million graduates? This programme should NEVER include graduates who should be empowered with business loans and startup capital, it should rather be for aged people, sick people who cannot work, kids without parents or with incapable parents, homeless people and kids etc. In that regard, we should be talking about another extra $100 billion naira extra empowerment scheme for graduates and SMEs, I guess its time for Nigeria to bring out that money and stop wasting it. Yes, let's bring it out, $20 billion dollars was reported missing in NNPC and nothing happened to our economy, that's almost N4 trillion Another $20 billion dollars was reported to have lost by NPA through NIPC based on fraudulent import waivers yet our economy didn't collapse, that's another N4 trillion, totalling N8 trillion naira that we know of, So, investing just N1.2 trillion annually to kickstart 120,000 SMEs and generate about 3 to 4 million jobs annually, should it be so difficult? 1 Like |
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