By Samuel Nwaiwu.
Mr Festus Keyamo SAN, spokesman of the presidential campaign council of the the APC, has come out to compare a $500/month (N182,500) pilot scheme in California USA to the APC 10k Naira ( $27.66) one time payment trader money in Nigeria.
He said on his tweeter page ” In Nigeria, those who hate to see smiles on the faces of poor people (and who could not lift them out of poverty for 16years) call it ‘vote-buying!’.”
The trader money scheme introduced by the APC government is being championed by the Vice President of Nigeria professor yemi osinbanjo.
The social investment fund has until today yet to show any significant improvement in people’s life as Nigeria is still ranked the poverty capital of the world.
When people say “if you join APC you loose all you senses” festus keyamo’s position has clearly justified that position base on this tweet.
Mr keyamo’s comment was met with a lot of criticism.
Residents of Stockton, California have been through a lot: from widespread foreclosures to the city going bankrupt. But for a handful of residents, some help is here.
One hundred Stockton residents started getting monthly payment of $500 on Friday. They’ll receive the extra money for 18 months as part of an experiment testing the impact of universal basic income, also known as UBI.
The Stockton project is a collaboration between Stockton Mayor Michael Tubbs and the Economic Security Project, an organization that advocates for basic income. Its fund contributed $1 million to the Stockton project.
“Too many families and Americans are trying to piece together multiple jobs and incomes and aren’t able to make ends meet,” Dr. Stacia Martin-West, a researcher who will be studying the Stockton participants, told CNN Business.
Roughly 89% of Americans see their income fluctuate by more than 5% from month to month, according to the JPMorgan Chase Institute. One hope is that UBI would decrease some of this volatility and allow people to better plan ahead while meeting their basic needs.
In the Stockton project, the 100 recipients will be able to spend the money how they choose with no strings attached. Researchers will be able to see what categories people spend the most in but not the actual purchases they make. The money will be distributed via pre-paid debit cards.
Look for something else to make comparison with as this one is way off point and makes a mockery of the whole concept of socialism.