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BlackTechnology:
Greetings to all true Igbos

Today I write for posterity sake. That the future may have an idea of how to get better itself

One of our great desire as a people is to build a society similar to that obtainable in developed nations.

Today, I wish to make known an idea capable of transforming Igboland into a First World Society in the midst of retrogressive and conservative societies.

This idea I term " INCOME STIMULATED PROSPERITY "

This idea is all about the positive manipulation of income earnings to stimulate economic prosperity.


It is a known fact that economic prosperity is directly proportional to spending , saving and investing. In other words , the more people spend save and invest , the more prosperity fills the land.


It is a well known fact that increase in income earnings is directly proportional to spending saving and investing. In other words , the more people earn the more they spend save and invest which directly affects positively economic prosperity.



I want to state with fact that , if SE governments can increase salaries without the knowledge of the press, it will help stimulate the economy of the SE.


Yes demand will increase which will lead to temporary inflation in price of goods and services, yet this will be temporary because of the entrepreneur nature of Igbos to tap into profitable ventures which will see supply catching up with demand , thereby driving down prices due to proliferation of new businesses.



If there is a perfect time to further bridge the gap between Igboland and the developed nations, now is the perfect time.

Warning : It must be done secretly without the knowledge of the press to avoid businesses inflating prices outside the forces of genuine demand and supply curve.



God bless SE and SS


Barcanista Carnegiefan

BlackTechnology:
Greetings to all true Igbos

Today I write for posterity sake. That the future may have an idea of how to get better itself

One of our great desire as a people is to build a society similar to that obtainable in developed nations.

Today, I wish to make known an idea capable of transforming Igboland into a First World Society in the midst of retrogressive and conservative societies.

This idea I term " INCOME STIMULATED PROSPERITY "

This idea is all about the positive manipulation of income earnings to stimulate economic prosperity.


It is a known fact that economic prosperity is directly proportional to spending , saving and investing. In other words , the more people spend save and invest , the more prosperity fills the land.


It is a well known fact that increase in income earnings is directly proportional to spending saving and investing. In other words , the more people earn the more they spend save and invest which directly affects positively economic prosperity.



I want to state with fact that , if SE governments can increase salaries without the knowledge of the press, it will help stimulate the economy of the SE.


Yes demand will increase which will lead to temporary inflation in price of goods and services, yet this will be temporary because of the entrepreneur nature of Igbos to tap into profitable ventures which will see supply catching up with demand , thereby driving down prices due to proliferation of new businesses.



If there is a perfect time to further bridge the gap between Igboland and the developed nations, now is the perfect time.

Warning : It must be done secretly without the knowledge of the press to avoid businesses inflating prices outside the forces of genuine demand and supply curve.



God bless SE and SS


Barcanista Carnegiefan

Truckpusher:
EYou have some great points but no nation or a people can achieve economic prosperity without becoming an industrialized nation even as I totally agree that a lot of micro economy borne out regional and state policies and a well educated SME's that can predict the local market and a willing population that would be forced to work or learn a trade can almost achieve a noticeable and distinctive economic prosperity.
We are already getting there while some states are still accepting bailout funds from FG.

rigarmortis:
good idea, only if it were possible.

PointB:


For starters I doubt if any government will increase salaries or do anything of tactical impact without the informing the press. How will they campaign for re-election without without using such gestures as achievement.

Personally, I am student of George Clason (Richest Man in Babylon) philosophy of "PAY YOURSELF FIRST." Everyone who earn income, no matter how small it is, can use the accumulated "One tenth" of his income to build a fortune for himself.

If you get salary increase that's fine, but ultimately what needs to be change is orientation about money. You need to read George Clason's Richest Man in Babylon and recommend it to anyone you wish to help.

CSTR2:
The SE cannot become first world in a third world Nigeria, no matter how much you wish it.

Truckpusher:
EYou have some great points but no nation or a people can achieve economic prosperity without becoming an industrialized nation even as I totally agree that a lot of micro economy borne out regional and state policies and a well educated SME's that can predict the local market and a willing population that would be forced to work or learn a trade can almost achieve a noticeable and distinctive economic prosperity.
We are already getting there while some states are still accepting bailout funds from FG.

BlackTechnology:



To be sincere it is difficult to save , spend and invest if your income is not reasonably OK.


That's why Microfinance banks are encouraged worldwide.

BlackTechnology:


Thank you

It is possible if the State governments are willing to invest in multiple things that can generate lots of cash to increase salaries especially low income salary earners.


Eg Most meats fish milk and protein foods consumed in the East are imported.

If the SE governments can build farm houses to increase local production, this will generate enough cash to increase salaries especially that of low income salary earners


A simple case scenario

Imagine the East can locally rear enough cows to the point of selling 10000 cows locally a day, she will be able to generate 500 million naira per day if the net profit per cow is 50 thousand naira.


Now imagine the impact on the local economy if 2 billion naira is used to increase the salaries of people earning between 18000-50000 naira.


A reasonable increase will lead to more spendings savings and investments.




PointB pavore9

BlackTechnology:



It is possible

Despite the level of poverty in Nigeria, they are still people richer than the US President


Despite the level of wealth in US, they are still people poorer than you in the US


Life is full of usual scenarios

CSTR2:
This is a very simplistic way of looking at it.
Yes, there are poor people in first world nations, true. But it is impossible to create a first wold nation when you don't have sovereignty.
Economic and political decisions that are necessary for first world actualization are sovereign in nature.
The SE is not sovereign the last time I checked.