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Nairaland Forum / Nairaland / General / Politics / Are There Any Economic Implications Of Sharing Money To Nigerians This Period? (26249 Views)
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Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by nedzuby: 10:17pm On Apr 12, 2020 |
Heyzee5: I have that opinion too, the moment everybody gets money from Government the woman selling garri will want to increase the cost her garri and at end the money will be useless. I think the best thing to do is share food stuff. I don’t know they want to do it but I think it’s the best thing to do at the moment 1 Like |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by ekwerendi(m): 10:23pm On Apr 12, 2020 |
visijo: Yes..... Atleast we are making progress in combating covid19 1 Like |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Grateful02(m): 10:27pm On Apr 12, 2020 |
Few goods are avial. On the otherhand on comparing Us- the Nigerian economy, one should note that the former is a developed economy of which "price stability" could be seen as it's characteristics as compared to the Nigerian economy. The Economy currently is undergoing inflation. Hoping recession doesn't hit us that soon. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by chidaddy1198(m): 10:29pm On Apr 12, 2020 |
Corrinthians: And when they are given without purchasing power to demand for the produce price is expected to fall. This is because no correlation between demand n supply |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by OtemAtum: 10:40pm On Apr 12, 2020 |
No implication because if they had allowed people to go out to work freely like before, the people would have made more money than the one to be supplied to them by the Federal Government. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by abirescholar567: 10:42pm On Apr 12, 2020 |
This person is crazing for you to put this post out |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 10:42pm On Apr 12, 2020 |
Pls someone should help me,this lockdown has not been easy for me,I haven't taken anything apart from the bread I took this morning,and I don't have any hope of what I will eat tomorrow.pls help me.2085101641.uba |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Ufedolove: 10:43pm On Apr 12, 2020 |
NaijadrivaCars: The guy asked a simple, brilliant and harmless question but you chose to be stupid. 1 Like |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 10:48pm On Apr 12, 2020 |
Ibechris2:This assertion of yours is not true in this case. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by charles614: 10:48pm On Apr 12, 2020 |
It has no negative impact on the economy in perspective so long new more currency are not printed by the apex bank which is the cbn. Talking about inflation which means lot of money chasing after few goods thus the money shared by the federal government doesn't necessitate higher inflation rate because the money have already been in circulation. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 10:53pm On Apr 12, 2020 |
SweetCunt97: Facts Done three massive rounds of shopping in last few weeks Close to 120k You dont even see what you bought |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by SweetCunt97(f): 10:57pm On Apr 12, 2020 |
mtinfx:Toh. I said it. It's well my brother |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by TreasureTayo(m): 10:57pm On Apr 12, 2020 |
ahahahah Bro, I neva received mine. How far, you don collect yours? nedekid: |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 11:14pm On Apr 12, 2020 |
It will work if you understood the velocity of money. As long as you don't spend the money importing stuff outside of Nigeria. You get the money back via taxes . The us is printing money yet the dollar keeps rising ,this is because most assest managers are hiding under the dollar in this times of uncertainty. As for Nigeria, it can also work , just make sure its not spent on imports and that's the hard part. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by primehero: 11:14pm On Apr 12, 2020 |
The government expansionary monetary policy increases the money stock in circulation leading to a proportional increase in prices. Prices are determined by markets forces of demand and supply. So, when money in circulation increases, the consumption or demand of the public increases causing a consequential shifting of demand curve price to the right. The govt should strengthen its fiscal policy by increasing tax to help reduce currencies in circulation. By Igo Victor Idubia A financial analyst 2 Likes |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 11:17pm On Apr 12, 2020 |
primehero: This is book theory , we have to start thinking outside of the box because the global system is corrupt. Also this theory is not supporting what's happening in the us |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Grateful02(m): 11:27pm On Apr 12, 2020 |
I won't also call it a book theory. Anyways you neglected the fact that "tax" contribute less than 10% of govt revenue here in Nigeria. On the other hand you ignored "tax incidence" of which we both know given the current situation, consumers won't be able to bear it since the producers will hike price as a result of tax placed primehero: |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Grateful02(m): 11:40pm On Apr 12, 2020 |
Which sch you dey? emkz: |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Ochuksbaba(m): 11:43pm On Apr 12, 2020 |
it's quite simple and self explanatory,, According to Macro Economics,once the population of the country is in tandem with the market price of the exchange rate of the fiscal policy ,, It will invariably lead to a downturn of the inward curve in the diminishing returns of the laws of demand and supply which will inturn regulate the overflow of the currency to compel the inflation rate to rotate,in case u didn't understand ,neither do i. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 11:52pm On Apr 12, 2020 |
primehero:There are exemptions to this rule. In this present case, you can't save the looming suffering wether or not money is distributed. Inflation is already imported and in a situation where oil is selling below 30$ per barrel and oil being the major commodity, no policy can save us. We suffer because we have not diversify our economy to a larger extent and we aren't even self sufficient when it comes to food production- food is selling now. What we experience is not peculiar to Nigeria alone but as a matter of fact, a global phenomenon. Suffering looms and the present situation cannot be saved as far as the Nigerian economy is concerned. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by zudozz: 12:02am On Apr 13, 2020 |
they are telling u that Buhari has been sharing money to the northerners every month for more than 4 years now and you are asking question. What has been the economic implication of the money he has been sharing to them all this years? |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by GloShare(m): 12:12am On Apr 13, 2020 |
SweetCunt97: It cant cause inflation because cash isn't circulating at the moment. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by MhizJoyce(f): 1:42am On Apr 13, 2020 |
excanny:Nigeria can print Naira. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by darediamond(m): 1:48am On Apr 13, 2020 |
Acidosis:When there are no enough to no resources to back up paper mo ey in circulation, that is only when Inflation can be talked about. Nigeria have more than enough resources to back up #200K fund share per head but How do we curb the greediness of all the Private Families that have Ijacked the resources of the Masses? These private families altogether make the Government both in the front and back! |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by madjune(m): 5:04am On Apr 13, 2020 |
It is workable in Nigeria if all its working citizens are well documented and all pay their taxes duly. Much of the money you see the US govt paying its citizens are their (citizens) monies, cut from the taxes they paid to the govt in the year or previous. This is a function of an organized and accountable society. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Nobody: 5:57am On Apr 13, 2020 |
Grateful02: This is because they don't have sense , if you're going to jump from a high place you need to put things in place for a soft landing. They should firstly make loans available to those who will sustain the economy.. more jobs , more taxes . Then give money to people, the key thing here is how much ... Very very important otherwise people won't bother to work. While doing this collect information and create a database immediately for planning.. you will see how everyone will register sharp sharp once money is involved. Once they've captured relevant information, they can use it for future planning.. eg taxes and further redistribution. The money giving out will be collected back once you are back in work over a period, this will be done automatically.. they already have records. Our problem is we can't think unless we take things out of oyinbo books, but they are gaming the system they created while we remain mumus for life. 1 Like |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by walexsho(m): 6:23am On Apr 13, 2020 |
remember they Buy Votes during election and heaven has not hyperInflated. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by Dshocker(m): 6:26am On Apr 13, 2020 |
Heyzee5: Stipends can't cause an inflation... |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by jeebz: 6:46am On Apr 13, 2020 |
Dshocker: Actually, stipends can cause inflation if it is just monies printed from thin air as against monies in the government reserve. |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by jeebz: 6:49am On Apr 13, 2020 |
Heyzee5: You deserve one chilled bottle of kunu for this question. If the stipend is just monies currently in the banks/system, then it may not necessarily lead to inflation. However, if the government does Quantitative easing by printing and injecting new monies into the system then inflation is possible. Another possibility is artificial inflation when the economy resumes as prices may be hiked to make up for lost income. 1 Like |
Re: Are There Any Economic Implications Of Sharing Money To Nigerians This Period? by DJMCOTTY(m): 7:28am On Apr 13, 2020 |
Like this presently all djs are jobless. � |
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