FRONT PAGE EDITORIAL:STIMULUS PACKAGE SHOULD BE WORTH N100 BILLION

FRONT PAGE EDITORIAL:STIMULUS PACKAGE SHOULD BE WORTH N100 BILLION

BY ABDULMUMINI ADEKU[LAGOS,NIGERIA]

Based on the lockdown being experienced in virtually the entire nation of Nigeria ,The Editorial and Policy Board of the E.N.M.Paedia Express Multimedia Group of Lagos,Nigeria will plead with President Muhammadu Buhari to urgently release as much as N100 Billion in liquid cash to the entire system so as to cushion up the immediate effects of the lockdown due to Covid-19 globally.

This we arrived at after consultations with several people especially the ordinary man in the streets who are worst hit by the reality of the Covid-19 Pandemic.

it is believed that if  the cash is injected into the economy through the 40 million BVN account holders officially it will go along  way at stimulating the economy as each of the BVN Account holders should get N250,000 each on an individual basis .

We do believe and with the right reasons  that there should be a corresponding ripple effect as a  result of this decision as result on the business and economic value chain   in the short,medium and the long term.

For cash not spent by each of the account holders ,the government can withdraw the amount after two months of its initial release as some of the owners may no longer be alive.

As at pres time,The News office Desk of the E.N.M.Paedia Express Multimedia Group of Lagos,Nigeria  had being confronted severally by a lot of angry Nigerians who were determined and actually demanding to know  what is in it for them as they continued to stay at home as looters of shops were now said to be having a field day in Lagos,Nigeria..

In the last 24 hours ,suspected hoodlums attacked the Oke-Odo L.C.D.A. Secretariat in Lagos,Nigeria with restive youths accusing government officials  of deliberately hoarding food materials.

More of this ugly incidents will happen if nothing is done to arrest the situation    ,we are well aware of all of the efforts being made so far by The Nigerian Presidency, eminent and spirited Nigerians to provide succor to the populace  but at least a package of N100Billion is what the system is demanding for...