The federal government under the leadership of President Buhari has made the announcement that it plans to offer N 5000 per month to unemployed Nigerians.
The global financial crisis of 2008 left many people across the world desperate for work and struggling to keep their families fed and above the poverty line. Even for growing economies like that of Nigeria, the crisis presented a very critical moment for defining the future of not just the economy but the future of working class Nigerians. The Nigerian government, has since been working towards solutions that will instigate growth and ensure that the economic future of everyday Nigerians is to say the least, much brighter.
The federal government under the leadership of President Buhari has made the announcement that it plans to offer N 5000 per month to unemployed Nigerians. This very progressive move forward comes as a result of the presidents desire to fulfil promises made during his presidential campaign. As Buhari grapples with making internal and sustainable policy changes in the Nigerian governance system, this welfare scheme alludes to the many changes Nigerians are hoping to see in the near future.
Critics are questioning whether this is the right economic move particularly in a country that is struggling with high unemployment rates. Some are questioning whether instead of offering this so called “handout” President Buhari should focus more attention on creating sustainable jobs for Nigerian youth who have the highest unemployment rate in the country. The question that remains the minds of most as we discern what the economic future of every day Nigerians looks like is whether this system will actually help in bringing people of out poverty, and how we are going to ensure that it is not abused both my everyday citizens and politicians alike.