Nigeria: FG to Pump N400bn Into Economy - Leadership

The Federal Government is to pump in a whooping N400 billion into the economy in the next few days as a way of achieving a double-digit gross domestic product growth level for the economy. The sum is part of the excess crude earning.

Author: gishola

This administration has not shown the shadow of any vision for moving the country forward; there is no positive solid plan. The administration seems not to have found its feet yet and seems to be operating like somebody just gropping in the dark. Throwing such a colossal amount into almost completely unplanned economy is like pouring water into a basket. Hopefully, this money will not be poured into the economy until various programs adequately targetted to yield the maximum benefit to the country and for the benefit of which it would be used are thoroughly planned and made known and possibly discussed with the public.

Author: d.ofod

this is a horrible idea

to have this much capital avaliable and just dump it into the air is going to cause staggering inflation and won't change anything on a long term basis.

the money needs to be used to finalize the energy and transportation goals of the country, that's ground one. After those two sectors are stablized and modern, the development of the nation is inevitable which such a large population with an industrious culture, abundant natural resources and so forth.

first develop the foundation to build an economy (transportation, electricity) and businesses will flock in to nigeria in droves like that have in china, and locals will have a greater ability to invest in the country and have thier businesses work better and hire more people.

after that, remaining money can be allocated to citizens so they can start businesses.

but to just throw it at people, dumb.



Make allAfrica.com your home page | RSS Feed

Top | Site Français | Site Guide | Who We Are | Advertising | Search | Subscribe

Copyright © 2008 AllAfrica Global Media.

Questions or Comments? Contact us. Read our Privacy Statement.

HOME
allAfrica.com


Regions