Of Sharing 5k To 40 Million Nigerians Monthly

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

It doesn’t just ring a bell, but as a layman let me try to analyze in my little understanding what I heard the Finance Minister said few days ago. May be

it makes sense to those who understand it better. That the government will be freely doling out 5k to 40 out of the over 200 million Nigerians monthly as a way of cushioning the effect of the removal of fuel subsidy.

The mathematics of this primitive economic sense is that government will be spending #200,000,000 naira monthly on just 40 million people in a month and 2,400,000,000 in one year for same persons, while the remaining 160 million people watch things happen. These lucky 40m people can sleep and wake up and get 5k a month even if they don’t work.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Shelve your plan and keep your money. We have learnt a great deal of lesson from sure-p.... Npower.... Una ney dey tire to dey suffer the masses? God will answer una one after the other....

I thought I was the only one with a different view about this N5k stuff. At this point, the Minister of Finance should kindly tender a resignation for lack of ideas on handling the economy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.