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| 170million Nigerians, 170million Naira by Perfecttouch(m): 9:19am On May 24, 2016 |
This got me thinking, if each individual in Nigeria,I mean the poor are given a million naira each just once for business purposes,what will be the repercussion? Is it inflation? Too much money in circulation? What are the goods and the bads? |
| Re: 170million Nigerians, 170million Naira by Perfecttouch(m): 9:19am On May 24, 2016 |
Perfecttouch:. |
| Re: 170million Nigerians, 170million Naira by Engineer123(m): 9:39am On May 24, 2016 |
Miscalculation. I guess you don't know what you are saying. One million Naira by one hundred and seventy million people is 174trillion Naira. Impossible future tense. |
| Re: 170million Nigerians, 170million Naira by niceeric(m): 9:42am On May 24, 2016 |
besides the calculation error, you answered the question already....too much money in circulation and that'll lead to inflation if the government instead uses that 1M per citizen to provide health insurance, good infrastructure, jobs, power, etc... that'll lead to better quality of life and it's called a 'high(er) standard of living' |
| Re: 170million Nigerians, 170million Naira by Lytech(m): 9:42am On May 24, 2016 |
That's an inflation thou... But the good side is,it will reduce unemployment and our great nation will move forward,if not closer to United nations... We have talent,but financial strength is our problem |
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