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Nairaland Forum / Nairaland / General / Politics / Are There Any Economic Implications Of Sharing Money To Nigerians This Period? (26576 Views)
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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Adakintroy2: 9:22pm On Apr 12, 2020 |
persius555: Exactly. Nobody is willing to spend. It happened with America credit cruch and the government had to put forward stimulus plane.if this persist in a way, People will start making priorities. Data or cable companies may have to lower price. Cus the stats will show a sharp drop. We did not renew cable subsctiption. This month..and even so now, many of my house members are without data. can you believe that. Only premium members of my family can afford data. The rest are contended with reading books and sharing stories. So where is the demand to trigger inflation or hyper inflation. 1 Like |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by mofeoluwadassah: 9:22pm On Apr 12, 2020 |
sharpsharp:ehn ehn....is that so |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by sharpsharp: 9:24pm On Apr 12, 2020 |
mofeoluwadassah:Yep. Check other threads I have been doing giveaways. Have faith. . Genuine peeps still exist. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nedu619: 9:29pm On Apr 12, 2020 |
Heyzee5:Government is not printing new notes so I don't think it will result to inflation... BTW stimulus package is meant for businesses to help them bounce back as you know that many offices are offloading their staffs because they dont have money to pay salary again |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by fabby22(m): 9:30pm On Apr 12, 2020 |
Please my friend shut up, and stop writing writing rubbish. These Government are evil men, sharing of money will not cause anything, y did they have task force monitoring the price of goods and services. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by mofeoluwadassah: 9:36pm On Apr 12, 2020 |
sharpsharp:thanks tho but i can’t drop my digit here |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by fatymore(f): 9:36pm On Apr 12, 2020 |
Our politician money will reduce |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by SweetCunt97(f): 9:38pm On Apr 12, 2020 |
ehinmowo:You know Nigeria is a case study ryt.? Ordinary Coro news and prices have gone up! Imagine a sack full of Oron Crayfish used to be 50k now costs 120k... (According to d seller o) s |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by sharpsharp: 9:38pm On Apr 12, 2020 |
mofeoluwadassah:Ok drop your mail then. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by onlyforchrist: 9:39pm On Apr 12, 2020 |
RapistOnBail: Hehehe and some people still like this comment. I think we have bots that just like comments here on Nairaland. Very funny. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by mofeoluwadassah: 9:40pm On Apr 12, 2020 |
sharpsharp:i can’t still |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by sharpsharp: 9:41pm On Apr 12, 2020 |
mofeoluwadassah: How will you get the recharge then? |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by DeejayTeeno(m): 9:42pm On Apr 12, 2020 |
DJMCOTTY: Bro, Please what club do you play? |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by mofeoluwadassah: 9:43pm On Apr 12, 2020 |
sharpsharp:you can keep it sir...thanks much |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by kalufelix(m): 9:44pm On Apr 12, 2020 |
Ibechris2:until i read "America can afford to print as many dollar papers...you be joker ...you know nothing ...If one man loots N10b it has the same economic impact as when you share N10b to citizens... In the former case the looter doesn't feel the economic impact...the lootee bears all the impact hence the wider and wider gap between the rich and the poor ... E don tey wey abacha begin wreck us no be today...make dem just share the loot give us small abeg...for the sake of pandemic ...you know? |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by sharpsharp: 9:44pm On Apr 12, 2020 |
mofeoluwadassah: |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by uuzba(m): 9:45pm On Apr 12, 2020 |
dipopooo:Rather than thinking negatively like this, better go and look for ANY LAND to farm.. Your backyard, your village land, anywhere ... Things WILL get bad and you WILL ALWAYS need food. Stop wasting money on iPhone NOW. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by ChevKing(m): 9:47pm On Apr 12, 2020 |
Heyzee5: |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Esji80(m): 9:49pm On Apr 12, 2020 |
Rubbish::::::: what's the economic infact of crediting my account with 5k amid this Coronation of hunger- virus pandemic? Guy u no get question ooh People are suffering to get what to eat you are busy creating thread about the economic impact abi Mathematical impact ;;;;; shirme out of the 200m plus Nigerians how many people were given d 20k? B4 d Pandemic how much did d National Assembly budgeted for renovation ? What was the impact on the economy abi geography of the Nation ? |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by dipopooo(m): 9:50pm On Apr 12, 2020 |
uuzba: Show me your farm... |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by tatatar: 9:51pm On Apr 12, 2020 |
It is still too little to have much considerable effect on the economy.Thou,there will temporarily be an inflation nevertheless because consumers are stockpiling products and production is less during the lockdown. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by AdorableAyo: 9:54pm On Apr 12, 2020 |
Someone should please show me love by requesting for my account details. No amount is small abeg. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by blowjohn(m): 9:58pm On Apr 12, 2020 |
seangy4konji: Meaning? |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by dederocs(m): 9:58pm On Apr 12, 2020 |
I would say there are benefits, the basic principle of economics, is about creating economic activity, commerce and production in the society, so businesses can grow, it is essential that a large amount of Nigerians are able to spend and continue with the economic activity, to prevent a vicious circle, that will take us back to the jungle. man must eat, economic activities, such as spending helps to activate it. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by something4me: 10:00pm On Apr 12, 2020 |
The money will still go back yo system [color=#006600][/color] |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Starz825(m): 10:06pm On Apr 12, 2020 |
Heyzee5:Though There is inflation already in the economy....but since we generally have low production of goods and services... sharing of money will only trigger inflation more... Having said that I prefer food been shared among citizens... Inflation is when a lot of money is chasing few goods...with this the general price level of goods will rise...just as we have it.... People don't know that we have alot of money in the economy already as we speak... because the money alot of people have saved in order to invest ...they are spending it already on consumption...no room for investment as per the covid 19 worries.... 2 Likes |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Starz825(m): 10:09pm On Apr 12, 2020 |
SweetCunt97:Too much cash in circulation chasing few goods is one of the major causes of inflation.. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by BlackTemplar001: 10:09pm On Apr 12, 2020 |
The question u should be asking is if there is enough cash in circulation n not if d paltry sum d govt is sharing will lead to inflation. First n foremost, is there enough money in circulation? If there is already enough money in circulation, then injecting more money into d economy will lead to inflation in a market where there is no price control, but in a market where there is a reasonable price control measures, inflation can be contained/managed. But 4 a market with no price control, whether d govt inject more money into d economy through d pandemic stimulus package or not, we are already feeling d effect of inflation inflicted not by govt policy but by our greed of wanting to take advantage of d current situation. Although we r yet 2 feel d economic impact of covid-19, i am of d opinion that sooner than later, our inflation rate will go higher than the acceptable threshold reason being that we are an import dependent economy. So therefore inflation will increase by more than 2 digits much more than hv been experienced b4. So there is an urgent need 4 all relevant stake holders in the oil sector as a matter of urgency to regulate their crude oil production so as to ensure stability in d oil market in this hard time, but if OPEC is unwilling to come to a compromise, then countries with massive reliance on her crude production will be hit d hardest. I do hope dat my little input will be enough to make u understand d dire situation we r in irrespective of d pandemic package. 1 Like |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 10:10pm On Apr 12, 2020 |
Heyzee5:Inflation has already been imported. Share or no share money, inflation will continue to surge. They shoud share the money. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Coronavirus1: 10:15pm On Apr 12, 2020 |
No economic implication at all as you send money to the poor people like me My people, greetings to you all. Please help your boy. It has not been easy. Only God knows how starving I am. Not an experience I would wish even my enemy. Nigerian government is a big shame. A government who cannot provide even only rice to its citizens during lockdown, is that one a government? Any amount credited to this account will be highly appreciated. Just for survival. God bless. Account number: 3070340612 Bank name: first bank |
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