obailala:
I'm sorry but your logic here is quite myopic; you should be able to see and think wider than this. How can anyone possibly think that increasing the number of houses in a society would benefit only the rich?.... How can anyone also think that investing in capital projects like real estates and solving a housing problem is bad for the economy at this time?

Firstly, investments in large capital projects like housing development creates thousands of jobs, positively stimulates the GDP and it solves a major problem (housing). Secondly, solving a housing problem in a society cannot be, and is not beneficial to only the rich; even if the estates are owned and occupied by the rich, increasing the number of houses in a society will definitely benefit every single class of society.

Simple economic laws of demand and supply: When many more houses are added to a society (more supply), it drives down the general cost of housing. While the rich in society are able to move into new classy houses, the previous houses they vacated would be occupied by the middle class and this upward shift continues until it even gets to the destitute living under bridges who would be able to move up into face-me-I-face-you apartments. In summary, increasing the number of houses in a society, always benefits everyone.

ashjay001:



Oga, e don tay wey u enter (building)site o! Fine, d money no go buy ferrari, but it beats sitting at home n cooking up crime with ur friends, so u can survive.



That is how most economies work. The blue collar earns money n spends it, his spending it is wat makes d economy go round. The more he earns(consistently), d more he spends on evryday goods, d market pple make their profits, d manufacturer makes his own n probably increases production, employing more pple, who make more money n want to build their own house n d circle goes round n round!


The rich are at d top of d economic chain, financing ur house, ur car or even sell goods to u at great profit! U can be rich too! Just work hard n smart n pray for providence! But does benelohim pray? Seem I remember u frm d religious section.

DEXTROVERT:
another
big
lie
we
all
miss
you
GEJ

you
gave
us
houses

benELOHIM7:
Absolute rubbish. why after all the hundreds of mou's signed, we still havent tackled unemployment? I am sure you refer to the man-know-man system of employment. Why are nigerians so stupid or irredeemably hypocritical?

The educational system was designed to structure the mind towards positive and innovative thinking, to inculcate much discipline in students so that they doggedly stand against indiscipline even in the pain of death. Its a shame that our educational system has been reduced to this despicable form where a graduate from an indigenious university cannot define his course of study talkless of applying it in the real world. I hear that there was a time when secondary school leavers get decent jobs in multinationals. This era had entrepreneurs in authors, international traders, well educated farmers etc and the economy was better, a dollar to a naira. Why? Because the foundation (education) was sure and firm. There was a place for everybody in the society and every one knew his place. Orderliness!

I dont know if its stupidity or sheer ignorance, but the way forward is not in signing deals that will favour a selected few. We should stay awake please!

Now

DEXTROVERT:
another
big
lie
we
all
miss
you
GEJ

you
gave
us
houses

100Cents:


When one invests in real estate, the labourers, suppliers, craftmen and engineers who work on site are the poor masses. They get paid by the rich man or foreign investor.

At project completion, rich men rent the posh apartments and commercial spaces.

Technically, wealth is being transferred from the rich to the poor..

DEXTROVERT:
[s]another
big
lie
we
all
miss
you
GEJ

you
gave
us
houses[/s]

benELOHIM7:
On the contrary the money doesnt go round. It dissappears somewhere in the conduit if you know what I am saying. The money dissappears because the average nigerian has little or no knowledge of what the mou is all about and what he should be expecting.

you talk about working hard and smart like you dont know nigerians are one of the most hardworking people on earth, yet we still live below poverty line.

My point is, the govt should invest these funds in projects that affect the common man directly. What is too difficult in that?

obailala:
Upgrade your thinking bro, investing in capital projects like housing development is a major boost to the economy of any nation.

Thisis2raw:
keep playing yourself

benELOHIM7:
On the contrary the money doesnt go round. It dissappears somewhere in the conduit if you know what I am saying. The money dissappears because the average nigerian has little or no knowledge of what the mou is all about and what he should be expecting.

you talk about working hard and smart like you dont know nigerians are one of the most hardworking people on earth, yet we still live below poverty line.

My point is, the govt should invest these funds in projects that affect the common man directly. What is too difficult in that?

omokab:
Top up. I believe in God and with time Nigeria will better. In a year to two years time food will be surplus and there will be good roads across the country. Good policy on economy will definitely gear up the economy.

obailala:
You are not alone bro, a lot of Nigerians are incapable of critical reasoning; thanks to our crappy educational system which only imparts paper certificates. This explains why our society is the way it is.

Thisis2raw:
I chose not hold a convo doesn't mean I don't know what to tell you and more over when comes to education bro I was given the best my parents. I don't know why you miscreants always think one didn't get a good education like you people.
Now let me tell you something.

Even if this is to boost the economy they are sectors that needs this fund more badly than real Estate.

(1) the agricultural sector needs this funds badly
(2) the mining sector needs this funds badly
(2) the health sector needs this funds badly
Not this real Estate bullshxt

989900:
A big step in the right direction.

Some comments here just goes to prove there are just too many dumb people amongst us.

DamiBukola:

[s]go through your sentence and see the grammatical blunder.
Dumb as●h ● l● calling another dumb, imagine committing blunder in just a simple sentence.[/s]

obailala:
Except you are suggesting that the government should start paying stipends to every poor man in Nigeria, I wonder what else the government should be doing to help the nation besides infrastructural developments like this.

benELOHIM7:
Revamping the educational system would provide more jobs and human development than building houses that may never be made available to the common man in his lifetime

ashjay001:



D commonman needs jobs, not banking jobs, not oyel jobs, not import n export jobs! Just unskilled or semi-skilled! D commonwoman needs patronage. Short of dashing pple on d street cash, projects such as ds are for d commonman!


Look at d school feeding, d demand for farm produce is gonna rise, d commonman will try to meet dat demand by either engaging in farming or increasing his output. Either way, he will be earning more! More money means more spending!


Why we live below d poverty line is because our leaders prefer to loot d funds instead of building infrastructure n paying pple to maintain dem. We need more roads, rails, teachers, police, schools, etc but dey budget money for all these n den loot such monies! Or instead of providing for such dey prefer to provide for invisible constituency projects!


D rich are gonna be with us, but dey generally make up less dan 10% of any population! D remaining 90% are key to unlocking any economy! That 90% needs jobs n cash to spend, providing it is d govts job!

benELOHIM7:
Revamping the educational system would provide more jobs and human development than building houses that may never be made available to the common man in his lifetime

Johnnyessence:
abegi oga the investment u are talking here is for d elite and rich ones. they should stop all this signing gigantic contract and not improving d lives of common man in d society. d mou they sign won't help d poor breed ok. cos' d real estate they build before who are d one that benefit from it. we should change our mindset on signiing of gigantic project that will only help d rich.

ashjay001:



D commonman needs jobs, not banking jobs, not oyel jobs, not import n export jobs! Just unskilled or semi-skilled! D commonwoman needs patronage. Short of dashing pple on d street cash, projects such as ds are for d commonman!


Look at d school feeding, d demand for farm produce is gonna rise, d commonman will try to meet dat demand by either engaging in farming or increasing his output. Either way, he will be earning more! More money means more spending!


Why we live below d poverty line is because our leaders prefer to loot d funds instead of building infrastructure n paying pple to maintain dem. We need more roads, rails, teachers, police, schools, etc but dey budget money for all these n den loot such monies! Or instead of providing for such dey prefer to provide for invisible constituency projects!


D rich are gonna be with us, but dey generally make up less dan 10% of any population! D remaining 90% are key to unlocking any economy! That 90% needs jobs n cash to spend, providing it is d govts job!

junnyjake:


Let me offer you this narrative.

Oga tunde was someone I knew 4 gaining admission to the university, this man is a millionaire, on several occasions I've asked to work for him but my request are always met by an indefinite answer.

Just yesterday, I saw my man working, wiring a house, and I was like oga, na u be this? Haba mana, you shouldn't be stressing yourself this much considering the level you've attained.
He was like everyone needs money.

This is not only percuiliar to him, but many others I've come across.

If you're considering the employment opportunities it will provide, it's still going to be the man know man nepotism.

You might see me as an enemy of this government, but it's been like this as long as I could remember.

Kx:
Is only in nl that people would interpret "$200m agricultural vehicle " to mean $200m to buy tractors and farm machinery.

Wonders they say.........

ashjay001:



Until u start comparing GEJ to PMB, I won't see u as an enemy! D nose n d mustache are not contemporaries! I don't hate or discourage critics of ds govt, what I take umbrage for is when they claim d ineffectual buffoon(IB) was better value?!


Nepotism can only go so far! After sometime, they either run out of relatives/friends or u end up benefiting from it as well(brother to d friend of a cousin to friend of d former classmate! Dazzol). Even PMB is being criticized into submission!

When d projects are coming fast and numerous, oga Tunde would be forced to call on u!

junnyjake:


Well, I'd continue playing my own part lubricating my social skills.

And until I see that this century old practice of nepotism is greatly reduced, I won't see any of these as good news to the common man.

ashjay001:




Century old and a permanent part of d human psyche. I can't av an electrical job n u expect me to call u, when I av an elder bro that can handle it?

What u do is what u've said, oil ur social skills, widen ur social group and always do a recommendable job!

dickrider:
I am tired of this government

Johnnyessence:
good question teach them how to fish.instead of them to introduce policies and program that will change things for d poor they are signing mou that will only benefit d estate developers. am 100 percent sure d poor breed won't benefit from it.it's only d riches. why?