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Are There Any Economic Implications Of Sharing Money To Nigerians This Period? - Politics (3) - Nairaland

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by CodeTemplar: 8:43pm On Apr 12, 2020
The sharing itself is upside down. They just reward voters further and call them poorest. I tell you politics is such a good career path in Nigeria. Anything to access the bloody oil largesse.

1 Like

Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by SweetCunt97(f): 8:43pm On Apr 12, 2020
Engrgreg231:
there is no money price of commodity is high the issue is we have limited suppliers
Toh
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Vivian16: 8:44pm On Apr 12, 2020
No the only economic implication will be felt in the pocket of polithifians aka looters

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by OTayobami(m): 8:45pm On Apr 12, 2020
Abcdefghij10000:
This would result to an inflation because Nigeria markets is not controlled by the government. So iya Tito or iya sukurat can hike prices unreasonably

Need i remind you that the hike in price by private sellers and all is as a result of the pandemic(which has been before sharing the money) and not because of much money in circulation?
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by demmymoney(m): 8:47pm On Apr 12, 2020
ikcid:
Soon they'll be shouting inflation up and down, without knowing fully well that controlled distribution of relief materials not necessarily money as done by some food banks in organized counties is the way forward...

1. People are starving, really starving
2. How much will you share to help them out from hunger, when the price of goods is equally on the high side....
3. In countries where money is being shared, prices of goods hasn't skyrocketed, rather price of goods has remained the same and in some cases there is reduction in prices.


I pray we get it right in this country.

Balant lie!!!!

They have serious inflation issue and most of the countries especially developed ones have pension crisis waiting for them

Printing more money and giving it to the poor only results to more poverty in the land, we need financial education!!!!!

Also note we are using fake money (fiat currency) so the more u print the more inflation kicks and the more the money becomes worthless

2 Likes

Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by PHijo(m): 8:49pm On Apr 12, 2020
There will be no implications. If they have such fears there are several ways the adverse effects of inflation could be fought whilst giving palliative to all citizens. The only problem I see is that this government is not imaginative.
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 8:50pm On Apr 12, 2020
There has always been inflation and economic implications even when we didn't see or know what caused it. So no problems if they share it cos at least now we'll understand we are the cause and still adjust as usual.

Let this question not be for nothing o tongue.

1 Like

Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by safetyzone(m): 8:50pm On Apr 12, 2020
gambia:
There is no economic implication sir.

200,000 what?
Are you dreaming?
Same government that calculated 150 naira per meal for the so called poor Nigerians.
We are still very far from the real civilization.
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Heyzee5: 8:50pm On Apr 12, 2020
ikcid:
Soon they'll be shouting inflation up and down, without knowing fully well that controlled distribution of relief materials not necessarily money as done by some food banks in organized counties is the way forward...

1. People are starving, really starving
2. How much will you share to help them out from hunger, when the price of goods is equally on the high side....
3. In countries where money is being shared, prices of goods hasn't skyrocketed, rather price of goods has remained the same and in some cases there is reduction in prices.


I pray we get it right in this country.
Thanks bro. I like this perspective of yours. I believe it's truly the way forward because, what's the point of Sharing money when sellers will make it worthless in the hands of people? undecided

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Princeston1(f): 8:52pm On Apr 12, 2020
[s]
Corrinthians:
This whole scheme is frought with fraud.

The fact the government can't really explain how beneficiaries were selected makes rubbish of the scheme.

Simply dolling out cash to random people isn't going to solve any problem. What I feel should have been done was to focus more on a productive section of the population, perhaps, to cushion the economic impact of the pandemic on their businesses because they'd surely take a hit. I'm talking about SMEs.
[/s]
you're right love but I'm addicted to you
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by dayjeee(m): 8:54pm On Apr 12, 2020
No any economic implication.
Those of you shouting inflating, how much is the govt sharing, how many people have gotten the stipend?
The millions our senators share every week did not lead to inflation. The 10k wey dem come dey share to very small sect of people na him go cos inflation

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by israelmao(m): 8:54pm On Apr 12, 2020
It depends on how much is given out and what time is it.
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Dukeolumidemans(m): 8:55pm On Apr 12, 2020
Yes because government will come back and quote one big amount that cannot be repaid in the next 99yrs as money spent during Corona epidemic...just wait and see because what is about to happen when we pass this stage is bigger than what is happening now...

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by mindtricks: 8:58pm On Apr 12, 2020
Kinda crappy ideas we can see bandied around in our thoroughly corrupt and hopeless Nigerian government circles.
Nothing brilliant, innovative, or directly impacting the luckless impoverished masses.

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by persius555(m): 8:59pm On Apr 12, 2020
Adakintroy2:
Worry about deflation rather. Right now the system is in need of balance. So many areas of the economy is down and people are not willing spent. Sharing money may increase spending. Its a form of stimulus for the econmy.




Already seeing tomatoes rot away in markets this afternoon. Consumers are not keen on spending the little on them.
This might discourage market women and off takers from bringing more food to those in need in the cities.
In turn, farmers might down tools too

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by seangy4konji: 9:00pm On Apr 12, 2020
You guys don't know how far yet... Let the lock down Continue for three weeks..

I said it..this is now we will know the strong as you no deh support all this people whb get cash for wardrobe in dollars deh hail Dino melaye but you no get shingba for account.. U go hear wen.

Lock it down for three months again the sheep's following this people with empty bank. Account suffer

Wetin concern agbero with overload.

Off all the billions audio billions.. How much reach your azayou die well
.
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Adakintroy2: 9:00pm On Apr 12, 2020
Wiseman2y:
Hyper inflation will be the order of the day
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Avalancheman: 9:02pm On Apr 12, 2020
When everybody becomes a "buyer", who will be the "seller"

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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by ehinmowo: 9:02pm On Apr 12, 2020
SweetCunt97:
Inflation. When there's much cash in circulation, this leads to inflation making the value of the money drop.

Went to the market with 20k 3 days ago and to be sincere I no even see wetin I buy now. Kept wondering how the money vanished

You seriously need to read up on inflation. If you say a useless 20k to less than 5% of the population would cause inflation, what will you say of €350 every week for 4 months to everybody staying in Switzerland (including foreign students)? Social funds CANNOT cause inflation. because it can NEVER be enough let alone excessive.

The value things are high because of devaluation. A Naira to Dollar in 2013 was around N180 to a $1. Now it's 368. How many % increase is that?
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by blowjohn(m): 9:03pm On Apr 12, 2020
Heyzee5:
Hi all. I was just thinking, from an economic perspective, is it advisable to share money to all Nigerians in this pandemic period? Won't that result in Inflation/HyperInflation? I am just looking at the economic angle of this.

I am aware that this is currently done in the US, but I just want to hear our opinions. I also understand that there is hunger in the land but, kindly note that this is merely a discussion before you bash me cheesy

Everyone is welcome to submit his or her opinions especially if you are an Economist in the house.

Thanks.


OP u should be banned from bringing any topic for at least 6 months.
Did u hear that 12 billion naira used to feed school children disappeared?
How much money have they shared?
How much was used to bring down those rat eating, bat munching doctors from china?
U better stop complicating things.
Now that I mentioned it, if indeed it was the chinese construction company that wanted to bring chinese doctors into the country to treat their workers, why did the federal government announce it and what is their business with it?
OP, take this thread down now!

3 Likes

Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by seangy4konji: 9:04pm On Apr 12, 2020
In other news I need a fine girl that can come and lodge with me, free food, Wi-Fi, drinks, games, prick, exercise, movies. Lock up together and flex.. Apply within.. World Bank just grant me my own pallaitative..strong.
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by seangy4konji: 9:05pm On Apr 12, 2020
blowjohn:



OP u should be banned from bringing any topic for at least 6 months.
Did u hear that 12 billion naira used to feed school children disappeared?
How much money have they shared?
How much was used to bring down those rat eating, bat munching doctors from china?
U better stop complicating things.
Now that I mentioned it, if indeed it was the chinese construction company that wanted to bring chinese doctors into the country to treat their workers, why did the federal government announce it and what is their business with it?
OP, take this thread down now!
takenashi takemodo takenaka...
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by sharpsharp: 9:07pm On Apr 12, 2020
mofeoluwadassah:
Do you want to give us money ni undecided

Mobile number for credit.
You can delete immediately you receive it.
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by EmekaBlue(m): 9:09pm On Apr 12, 2020
DJMCOTTY:
Let them gimme the money first so I can buy data to do research
grin
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by ruffDiamond: 9:10pm On Apr 12, 2020
Which money Dem share to who na For my area in Abuja here, ain't seen no fuvking dime or Nick


Op, stop dat kain rough plah abeg sad angry
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by letitrainnow(m): 9:10pm On Apr 12, 2020
shift
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by lacastre: 9:11pm On Apr 12, 2020
tenmariner:
I am not too sure but its not likely to lead to hyperinflation. One of the major reason for hyperinflation is an increase in money supply. Over here, supply of money is skewed!
This is my own opinion though!


N.a. 20k for four month per person be hypertension abi wetin u call am
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Ibechris2: 9:12pm On Apr 12, 2020
The implication is this,Nigeria is not an exporting country but an import based economy. Is not wise when u give out money that will take u many months or years to recoup.
However,some will say but America is giving out cash and why is it not affecting them, the fact is,America is the biggest economy in the world and could afford to print as many dollar papers as possible to cushon the gab caused by the Covid 19. They are a productive economy,that cannot be compared with any nation on earth and that is because they produced virtually all what they consume ranging from agricultural,Mechanical,down to techs and many more.

In our own case,when there is so much money in the economy,that seems to drive us into recession/inflation because the cash is not being given to the productive sectors of the economy. In America,the stimulus package is being given to those who recently lost their jobs and to private businesses who could retain the services of their employees,with that the the stimulus package becomes a grants to the private business men and why it becomes a loan if they layoff their workers....that is why theirs is different from ours.

The best is for Nigeria to embark on house to house testing for Covid 19 and open the economy as soon as possible,this is fundamental because our case is quite opposite of America. We are lucky not to have recorded the kind of numbers that has been recorded in other climes and that is why we should approach it with our local know how as explained by Oyo state governor.

3 Likes

Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by kalufelix(m): 9:16pm On Apr 12, 2020
For that small change??... You sef na dumb economist ...btw no be today dem begin share money...just enlist the masses to be part of the loot for the sake of pandemic
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by pacificom: 9:16pm On Apr 12, 2020
There is no economic implication in given token to help citizens survive this pandemic, but there are serious implication in leaving people lockdown in hunger. Already many neighbourhood are being terrorized by robbers and people trailed down to ATM.
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by SmartyPants(m): 9:16pm On Apr 12, 2020
ikcid:
Soon they'll be shouting inflation up and down, without knowing fully well that controlled distribution of relief materials not necessarily money as done by some food banks in organized counties is the way forward...

1. People are starving, really starving
2. How much will you share to help them out from hunger, when the price of goods is equally on the high side....
3. In countries where money is being shared, prices of goods hasn't skyrocketed, rather price of goods has remained the same and in some cases there is reduction in prices.


I pray we get it right in this country.

What are you saying sir?

In the US every single household is going to get a cash payment. Totaling 2.6 trillion thereabouts. In the UK the government is releasing money to businesses who have to furlough heir staff. Of course, all these will cause some inflation but fiscal policy can easily tidy that up in due time.

1 Like

Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by nedekid: 9:20pm On Apr 12, 2020
TreasureTayo:
America already shared $1200 to her citizens. That's over 400k. I don't think Nigeria will do up to that so nothing will happen. But the question is, will they share the money
Lai Mohammed said the had shared 100b as at last week. Did you not receive?

1 Like

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