Nigeria government at all level borrows lots of money and are still borrowing to fund government expenditures. The Interest on these loan is affecting government ability to meet certain obligation of benefits to Nigerians.

Meanwhile there are alternative revenue source available to government at national level to meets its obligation.

One of such revenue source is Importation based.

An Importation based revenue source is a revenue derive from importation services.

I tell people that Nigeria Population is a cash cow that if properly harness , Nigeria Economy will grow.

Nigeria Import lots of stuff daily and they cost billions on Dollar.

The Importation Strategy is the Exclusive Right to Import a Product into the Country for a given period of time.

The Importer Control the Sales of the Product in the Country, that means, the importer has the right to arrest anyone selling the product in the country.

There are lots of countries desiring to capture the Nigeria market for their products.

These countries can pay any amount for the Exclusive Right to sell their product in the Nigeria market. Nigeria population is over 200 million.

Japan earn most of their revenue from car and electronics sales and they are number 2 wealthy nation in the world.

There are lots of product that have very large market in Nigeria and we do not have local capacity to produce a unit of the product.

Assuming the fg decide to offer the Right to Sell Solar Panel Exclusively for a period of time to an Importer. The Importer could represent a nation's trade body.

The Importer/Seller will work with relevant agency to sell the solar panel that meet international standard to Nigerians.

If the FG target 100 million buyers of solar panel at $100 per buyer for 5 years period , the fg will earn $10 billion for the solar panel deal.

There are lots of Product like the Solar Panel, Fg can offer to Importers.

These product must not endanger Nigeria National security.

The word EXCLUSIVE offer sole right to the holder for a period of time.

Nigerian importers has been paying import duties and greasing the palms of corrupt customs from time immemorial.... What have the FG done with the revenue... Debts keep increasing due to corruption...


What are you now saying,

Corruption is what is depriving the federal government from meeting his obligation and not importers and the common nigerians that will bear the burnt as final consumers.

The word is Strategic Importation which is mostly government to government deal.

Nigeria export electricity constantly to other country whereas electricity supply is a challenge here in Nigeria.

EasternActivist:
Nigerian importers has been paying import duties and greasing the palms of corrupt customs from time immemorial.... What have the FG done with the revenue... Debts keep increasing due to corruption...


What are you now saying,

Corruption is what is depriving the federal government from meeting his obligation and not importers and the common nigerians that will bear the burnt as final consumers.

Your big idea to raise revenue is to grant state enforced monopolies to certain countries. What should we expect from this policy besides increased prices because of the monopoly pricing. The consumers lose benefit if having wider market.

naijapower:

Nigeria export electricity constantly to other country whereas electricity supply is a challenge here in Nigeria.

Ok hows that strategy has been working out? Most of those nations owe Nigeria. Even that won't last long considering Niger Republic will eventually build Kandadji Dam and won't need Nigerian imports.