From series of interaction, observation and empirical case studies, it was discovered that people are converting monies that would have been invested in business projects which is in this case refered to as investment into MMM.

People that equally get paid dont go into investment by starting up business ventures but further investing the monies into the MMM system. Now, for those who are smart enough to keep their capital and trade with the gains after being paid, they relax, waiting for the next 30 days to get their profit turning in.

But whats the effect, SMEs business growth will decline, number of goods in circulation will decline triggering an inflation, consumption will slow down as people are more interested in MMM-ing than consuming, rate of output becomes affected, unemployment at semi-skilled and unskilled level declines, and the economic recession worsenes.

See the graph as attached, when MMM driven people keep increasing from MMM1 down to MM3, the level of investment will be falling from level 3 to investment level 1 after which a negetive investment will set in.

I call on the MMM people to engage their bogus profit in setting up SMES to drive the economy, otherwise, I call on the National Assembly and the Presidency to as a matter of urgency adopt these measure;
* Block access to the MMM website to crash access from Nigeria.
* Arrest any Nigerian promoting MMM or making payment for such in Nigeria.
* Encourage or develop an investment scheme backed by law to hinge on not just making profit but showing off your investment before qualifying for future investment.

Copy:
#NASS
#PRESIDENCY
#CBN
#NDIC
#EFCC
#ICPC

Oga those who engage in MMM do so from their spare money as directed by the scheme so please why not call on the government to invest on SME to engage the citizens of the country instead of advising those helping theirselves with these program on how to spend their money. Abeg go front jor.

Carry your badluck statistics go joor.

We know all these things, but free money is better dan being unemployed, not just being unemployed in any period but in a recession.

As if d economy dey grow b4. Nonsense

Spare money advice, yes! but when it gets interesting, people mop up other funds, sell their cars and do all sort of things to rake in more investment. It is true that government needs to do more in stimulating SMEs growth but I tell you, SMEs in Nigeria have played key role in Nigerian economic growth even without government intervention. So what will happen if those SMEs are no longer growing and expanding because of free money? If the arguement is that government has not improved the economy, the citizens should not join in by shielding their investment which is fundamental to economic existence.

harlems02:
Oga those who engage in MMM do so from their spare money as directed by the scheme so please why not call on the government to invest on SME to engage the citizens of the country instead of advising those helping theirselves with these program on how to spend their money. Abeg go front jor.

Wait first, Nigeria get economy?

Primenet:
Wait first, Nigeria get economy?

Tank u! Asketh him.

Even politicians are suprised Some Nigerians Stil Belive In Nigeria and politics, the op is a shocking enemy of ours

Please Did You Just Say "MMM Will Soon Cripple Nigerias Economy" WILL SOON. Nigerian Economy Wey Don Cripple Since Den Born Me... Its Practically NON-Existing. Who Nigerian Economy HELP

chaloner:
As if d economy dey grow b4. Nonsense

LWKMD

Wait o, Nigeria get economy? Crazy comment

Nigeria wey Don almost crash, if not for Emu-Emu-Emu

I rather help my bank account abeg

Africans!!! When other blacks are like coconut, brown on the outside, white on the inside, most Africans, particularly some lazy and un-innovative Nigerians, chose to be like a charcoal, black on the outside, and still black on the inside. Zero sense of reasoning, zero sense of dignity.

The point is, the scheme will surely crash, and the new entry investors will bear the brunt when it does. Those who participated and benefitted from the scheme are aids to the fraudulence, since their participation and cajoles got investors into the scheme.


MMM is simply a ponzi. There's no honour in making money in a fraudulent scheme.

I see no difference between MMM investors and those hungry fellas in Lagos that trooped to the beach to hack off chunks of meat from a dead whale washed ashore.

Bad belle..

@ O.P
you need to click below

Why always MMM, WARISDIS? but there are other platforms here and there why dont you guys free MMM na wa o. Now its responsible for Nigerians economic woo s forgetin the ppl you voted in to do there job some many Nigerian are just meant to remain poor and struggling just like the op. What nonsense!!! Kelode

so ppl DAT gets extra profits from mmm will jez squander d money without investing with it abi?


op...

una dey answer the op una for ask am whether the present economy wey we dey get leg before he dey talk cripple

..

matrix199:
Africans!!! When other blacks are like coconut, brown on the outside, white on the inside, most Africans, particularly some lazy and un-innovative Nigerians, chose to be like a charcoal, black on the outside, and still black on the inside. Zero sense of reasoning, zero sense of dignity.

The point is, the scheme will surely crash, and the new entry investors will bear the brunt when it does. Those who participated and benefitted from the scheme are aids to the fraudulence, since their participation and cajoles got investors into the scheme.


MMM is simply a ponzi. There's no honour in making money in a fraudulent scheme.

I see no difference between MMM investors and those hungry fellas in Lagos that trooped to the beach to hack off chunks of meat from a dead whale washed ashore.

Best thing to do is to keep mute and watch how the drama unfold, No need preaching... Just ignore bro..

Get help worldwide is the real deal right now, recently MMM pairs people immediately to provide help but with "Get help worldwide", ur money stays with u for more than 2-3 weeks before you are been paired, minimal risk and serious minded participants, no issue of fake pop. Quote me with ur email address, lemme tell u more about it

where the economy dey wey mmm wan cripple? The scheme is the only thing that will help the useless economy, money goes round in any functional country and thats what mmm is doing for us. If everyone should sit at home and do mmm only and nobody is selling food stuffs again, everybody will be forced to go to the bush and provide his or her food and that is the begining of good economy. Not when I suffer go bush harvest food, those who stole public money will come and buy them peanuts bc they have excess stolen useless naira. Now, with mmm, they will have the naira, and I also have it therefore, let us keep it aside, enter bush and be productive. I pray Mavrodi lives long enough to bring us out of this mess.

Actually, banks crippled the Nigerian economy.. They fail to give SMEs loans, sensible interest rate, etc. They prefer round- tripping, and heavy lending only to influential individuals.


Let MMM cripple the remainder.


... Everyone should go and create their own economy.

[quote author=mecussey post=51771427]where the economy dey wey mmm wan cripple? The scheme is the only thing that will help the useless economy, money goes round in any functional country and thats what mmm is doing for us. If everyone should sit at home and do mmm only and nobody is selling food stuffs again, everybody will be forced to go to the bush and provide his or her food and that is the begining of good economy. Not when I suffer go bush harvest food, those who stole public money will come and buy them peanuts bc they have excess stolen useless naira. Now, with mmm, they will have the naira, and I also have it therefore, let us keep it aside, enter bush and be productive. I pray Mavrodi lives long enough to bring us out of this mess.[/wisdom is iherent in you sir whenj the rich has and poor have,everybody will be forced to produce for themselves leading to a better economy,op take note.

Lol, una don tire to call am scam. Na una dey complain say MMM don too pay