priceactionx:

If they do that, expect exchange rates to reach over 1000 naira. It will nose dive.
Importer will use our dollars to import rice to seme border and smuggle it in. Who loose?. Fg should as a matter of fact declare state of emergency on agriculture. So that even if they will open border, it will not be attractive much to the citizens. May be by forcing the producers to site their mega factories in nigeria if need be with incentives.
Though which ever way it goes, Nigeria is in for a long rough ride. They have looted all the money finish. Borrowed and looted them again for the generation unborn to be paying.
All of them from LP, PDP , APC participated in this mess we found our self.
Madam NOI has predicted the current situation long time ago during Jonathan. Unfortunately, we easily forget the past in this country.

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

jackcanfield:


Awon Importer Gang , how do you protect your farmers and local auto industries ... They just have to let customs know that there major function is not revenue generation. Continue floating and be importing like mad people.

Lanretoye:
na small small.

lawalosky:


American and other are importing, rice, crude and so many consumeble commodities,

All that matters is for us to buy it at a cheaper rate, thats all

grandstar:


Nigeria has no comparative advantage in rice production. The British colonialist tried to encourage our farmers but they weren't keen.

Let the nation focus on what it has comparative advantage in.

Sheabutter alone can yield $2bn a year in exports if fully developed.

Spirit04:
which useless local auto industry? Does anybody from your village drive innoson?

Macdeey:
No be that wan be the matter sef !

CFA is about 20 % Higher than the Naira now !
So it's no longer cheap to import cars from Benin ( Cotonou ) now 😨

Inception:
Prices of cars are set to crash

twilliamx:

We need to make sacrifices to boost our local output, our country needs every money we can generate. What we need is a bridge between the millers and the consumers directly. Believe me Nigerian rice is cheap it's the same factor that affects transportation in December even though there is no scarcity that is the same factor that is affecting rice. Just a bunch of greedy ass people that don't give a Bleep about anyone else but themselves. They have set up a mafia type control over the supply chain. Even the current foreign rice is just rebagged Nigerian rice.(fact) We the people are our own problem

Raskimonojendor:

People in developed countries mostly rely on used cars too. New cars are expensive everywhere in the world.

Aslong as the vehicles being imported via the borders are made to pay the Nigerian custom duties and taxes, nothing wrong with importing them from a neighbouring country.

Prices of cars will definitely fall as there will be more competition amongst sellers.

GoodGovernance:


I just wonder why people like you just write without knowledge.

Nigeria is now the largest producer of rice in Africa.

What comparative advantage are you then referring to?

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

Raskimonojendor:

People in developed countries mostly rely on used cars too. New cars are expensive everywhere in the world.

Aslong as the vehicles being imported via the borders are made to pay the Nigerian custom duties and taxes, nothing wrong with importing them from a neighbouring country.

Prices of cars will definitely fall as there will be more competition amongst sellers.

FG Okays Re-Opening Of Seme Border For Vehicle Importation

twilliamx:

We need to make sacrifices to boost our local output, our country needs every money we can generate. What we need is a bridge between the millers and the consumers directly. Believe me Nigerian rice is cheap it's the same factor that affects transportation in December even though there is no scarcity that is the same factor that is affecting rice. Just a bunch of greedy ass people that don't give a Bleep about anyone else but themselves. They have set up a mafia type control over the supply chain. Even the current foreign rice is just rebagged Nigerian rice.(fact) We the people are our own problem

WorldRichest:


Continue crying. There are imported used cars in Europe.

GoodGovernance:


I just wonder why people like you just write without knowledge.

Nigeria is now the largest producer of rice in Africa.

What comparative advantage are you then referring to?

MT:


I won't blame you , you simply don't understand how micro economics works.

Oblitz:


The rice you're buying very expensive is still foreign smuggled rice. Would you rather prefer smuggled to legally imported and cheaper rice? The ban does not prevent influx of foreign rice, it only makes it expensive as smuggling is risky.

Use your brain, and don't read textbooks by Nigerian authors alone.

The government should be creative and improvise other means of promoting locally produced rice. When cheaper locally produced rice are available, nobody will buy foreign rice again.

Dotherightthing:


Yinmu Why is local rice so expensive

tollyboy5:

For the past eight years how many rice have you grown?

GoodGovernance:


Expensive does not remove the fact that Nigeria is the largest producer of rice in Africa.

That foreign rice is cheaper than local rice ,other than Ofada,is a big lie.

Ofada is more expensive because of its limited production.

Procashtips:


You're actually wrong.
What the marketers did was to rebag Nigerian rice using foreign bags since you guys are so obsessed with foreign rice.

They sell Nigerian rice to you in foreign bags at exorbitant price.

They have 2 sets of the same rice in stock and sell one higher than the other just by tagging it 'foreign rice'

When you cook both rice, that's when the truth gets exposed.

You wouldn't know if you don't cook or very observant.

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

Jogs1900:

Not only rice..Food items generally

Dotherightthing:


Foreign rice is more expensive because of difficulty in its importation, and very high custom duties.

Our local producers are also importing the paddy.

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

tollyboy5:

For the past eight years how many rice have you grown?