Boss13:


Fixing power and encouraging manufacturing would not have enormous direct impact on the economy like what mortgage and real estate would.

First, you would ask what is the relative contribution of manufacturing to the economy? Power will only reduce manufacturing cost and increase the margin of manufacturing companies.

In this country where obtaining loan is still a mirage, steady power supply will contribute little and only increase the profit of manufacturing countries and make capitalist more powerful.

However, a situation when a young graduate upon getting a job can apply for a loan to get a house, is a direct significant increase to his/her net worth. Also, construction workers will build the house, lawyers will sign agreement, Banks will collect finance income, estate agents will collect agreement fee. The effect will be astronomical and very direct.

StepTwo:
Kemi Adeosun the Minister of English affairs.


pls, we need a finance minister in this country.


Kemi should take Femi Adesina's place

Anyi3:


Nope fixing power and manufacturing would drive down the cost of building your house amongst other costs of everyday living. It's an open market, so prices would dive down due to competition.

Your idea is geared mainly towards benefiting banks and construction industry workers. Agreed, there would be an eventual ripple effect. But fixing Power and manufacturing benefits every single Nigerian soul straightaway

Boss13:


Oga I am not giving you a theory or hypothesis. First, the government cannot fix manufacturing, that is left for those who have the resources to engage in manufacturing activities. The government can fix power. Reliable power supply has an indirect effect to productivity. What does it do, reduce the cost of fixed production; presently incurred by manufacturing industries generating their own power supply.

If cost reduces, what increases? Margin/profit. If profit increases, who smiles; the manufacturing industries and their owners. Now, the theory is fix power, productivity will boom, but has government reviewed the cost of starting a business in this country. It has been said that Nigeria is one of the toughest place to start a business. Hence, if the government fixes power, Nigeria still remains one of the most difficult place on earth to start a business.

To address your question - who is the ultimate beneficiary of owning a home? The young man or girl who is creditworthy, has a stable job or business and approaches his/her Bank to buy a house in his/her choice location. Even a secondary market will be credit for house owners to start trading their houses at fair value. Also, not to forget capitalist including foreign investors investing into the sector.

To conclude, I write from an informed position.

truthspeaks:
Don't be so forgetful. Former agric minister Adeshina's agric policies were d best so far n it touched lives. Not only did we not achieve food security, there was real surplus

Boss13:


My brother it is the only way. Another thing the government can do is address interest rate and affordable business loans and not Sure P or a power this or that. Those are what Venture capitals or Angel investors do in developed countries.

I would not except my government to be carrying out empowerment programs for buying keke naptep or giving 100 people N10 million. How many lives will it change.

Okijajuju1:
Wait o!! Shey na this 18,000 Naira minimum wage we go use buy the house on Mortgage?

Anyi3:


From the onset I said encourage manufacturing. Giving people things like tax holidays can encourage more people to manufacture. There are many other policies the government can institute. I'm not arguing that your points are invalid. I'm arguing that the most widely felt program that would touch every single Nigerian are those two.

Honestly, there are houses to rent/own anywhere in Nigeria now. Just go to your agent and tell him you need a house, he'd give you one straightaway. The issue is how many can afford this? Power and manufacturing can greatly stimulate the economy and increase the earning and spending power of the average Nigerian who can then afford these homes or take advantage of the mortgage that would be offered. You talked about credit worthy, the average bank would prefer giving loans to people in paid employment with constant revenue stream. So, the average business man or entrepreneur may not be so lucky to get this.

Fix power, encourage manufacturing, all other things fall into place

I wish you'd see my point

Boss13:


You are part of the problem in this country. You have not read the speech, you have not digested it or analyzed it, yet you are biased - what is wrong with your kind?

I have come to understand we have a lot of ignorant people in this country, even those who claimed to be educated. The level of ignorance in this country is huge and it is a problem.

People like this person, wake up and utter statements ignorantly and it spreads.

Boss13:


I see and get your point. I do not intend to belittle your opinion. However, do you know the tax incentives in this country? You would be amazedat the tax incentives, but what has it done?

The problem with manufacturing/productivity is not power, but cost of finance.

Also use this opportunity to browse about the effect of a good housing policy.

Bluffly:


When we say touched lives we are not talking about temporary things and I was not saying those policies are bad as well but my statement bothers about implimentation and sustenance of such policies. Many good policies have seen the light of the day but also fizzled away in same manner.

Anyi3:


I disagree, just fixing power and encouraging manufacturing is what is needed fast.

This, though, isn't a bad idea too

truthspeaks:
Don't be so forgetful. Former agric minister Adeshina's agric policies were d best so far n it touched lives. Not only did we not achieve food security, there was real surplus

truthspeaks:
that depends on incoming govts, and so far d current govt have disrupted d agric policies of the immediate past govt wit any replacement policy. Wether temporary or permanent, he is the best agric minister we v ever had.

BetaThings:


I also disagree that power and manufacturing alone will solve our problem
Power supply is important but
Countries that have high unemployment are not in that situation because of low power generation
And we cannot fix manufacturing overnight - competitiveness is an issue; how can we easily compete with cheap products from China when advanced economies are not finding it easy against that country

if people can use their homes to access loans and commit same to business, it will significantly reduce the problem of access to finance

StepTwo:


My Guy, why my talk pain u enter marrow like this?

i read the piece, and i dropped what i had to say and moved on.

u should too.

kannymoore:


if that's all you could fathom and drop after reading the OP's write up then I'm afraid Boss13 is right..

I'm also sorry for you and the horde of twats who "liked" your comment.

you're an old fella, not a child.

reason like one who actually has a "certificate".

thank you.

izyericson:
to derisk
this derisking
that derisking