The Nigerian government has just launched a collateral-free loan scheme which will see two million petty traders receive $28 repayable in six months.

It’s the latest social intervention program under president Muhammadu Buhari. The government also offers free meals in public primary schools and plans to distribute $300 million in looted funds recovered from...Read more https://qz.com/africa/1355526/nigeria-is-trying-to-spend-its-way-out-of-extreme-poverty-by-throwing-money-at-its-poorest-people/:

As far as I am concerned Buhari loan scheme is nothing but brazen electoral malpractice and vote buying in broad day light and can actually be challenged in a court of law

Useless post

And who are these surreal poor? Buhari Almajiri as usual. Southern money always working in the north since 1912.
Buhari, a good man with bad intentions.

FarahAideed:
As far as I am concerned Buhari loan scheme is nothing but brazen electoral malpractice and vote buying in broad day light and can actually be challenged in a court of law

Actually, even giving cash at polling booths is very very difficult to prove as vote buying. If there are laws against vote buying, those laws have to be the most IDIOTIC in the world. I actually want to see people arrested and tried successfully vote buying in Nigeria, it must that their lawyers are very dumb.

In any case, most SIP projects in Nigeria are commendable and will get Buhari elected. They are deflationary for the economy and they stimulate demand. Nigeria has spent over 60 trillion naira empowering billionaires over the last 18 years and all they have done with it is create losses, failed banks, failed industries ...lets try to empower the other side. At least they will increase aggregate demand that will spur growth.

$28 hahahahha
e fit buy two correct jeans trouser?

SternProphet:


Actually, even giving cash at polling booths is very very difficult to prove as vote buying. If there are laws against vote buying, those laws have to be the most IDIOTIC in the world. I actually want to see people arrested and tried successfully vote buying in Nigeria, it must that their lawyers are very dumb.

In any case, most SIP projects in Nigeria are commendable and will get Buhari elected. They are deflationary for the economy and they stimulate demand. Nigeria has spent over 60 trillion naira empowering billionaires over the last 18 years and all they have done with it is create losses, failed banks, failed industries ...lets try to empower the other side. At least they will increase aggregate demand that will spur growth.

Name one country in the world where giving peanuts to the poor spurred growth.
If you wanna see what socialism does to an economy visit Venezuela.

.

dukie25:


Name one country in the world where giving peanuts to the poor spurred growth.
If you wanna see what socialism does to an economy visit Venezuela.

ALL, not some advanced countries give cash to very poor people. ALL.
US, UK, France, Germany, Holland, ..ALL...let me add Norway, Sweden, Iceland
You are not educated if you don't know this and it is darkness. Nigerians are the most poorly educated people on earth. If I were govt i would even have an agency that channels at least 50% of all donor funds into these schemes. This money is going to micro ENTERPRISES that sell Indomie, sugar, suya, garri, beans, rice. How is this bad for the economy?. Dangote lives it, Nestle loves it, Cadbury and Friesdland love it.
They pay people for being out if work, too old to work in advanced economies ..we are paying people who have petty businesses, so our case is even better. Most of them are not in the financial system and this is an opportunity to integrate them in our finanvial system.

Throwing money at an endemic problem almost always doesn't solve it. It has to be approached systematically

All are bad economic policy. A case of Robbing Peter to pay Paul and The Government playing Robin Hood. Create Jobs for the under 70s and Rehab Centres in every State for the over 70s.