luizpippo:


The local farmers ended up putting the citizens in hardship since borders were closed for their sakes.

Beremx:
Tinubu should open the border unconditionally for Nigerians to buy rice at cheaper rate. With the way things are going, a bag of rice might cost 100k before the end of the year.

SMH

Racoon:
So much hardship across the land.

CodeTemplar:

That means you will need forex for import and most likely run to CBN, then cry that emefiele finished all the dollar again.

Instead, let's embrace production and substitute imports as much as possible.

Tonytonex:
sorry to ask. You mean the border has not been opened up till now?

CodeTemplar:
Comprehend before replying. Borders can be open but local production must be prioritized otherwise the naira will lose value and the foreign goods that look cheap at the moment will become costlier locally again.

IbeOkehie:


Not true at all. The ONLY solution to the Nigeria Crisis is FREEDOM, in this case ECONOMIC FREEDOM. Allow the people of Nigeria to buy whatever they want from wherever they want at whatever the price may be...whether rice, dollars, fuel, granite, electricity, education, land and whatever else you can imagine. And everyone will be fine in a few years. That's a guarantee.

Depreciation of the naira will actually be BENEFICIAL to Nigeria, the reason why the economy isn't reaping the benefits of a falling naira is because the FREE MARKET PRICE is illegal. That's all it means when we say "black market price" of dollar. The solution is simple - CBN must float the dollar and allow everyone to trade it as they wish without regulated price.

The artificially strong OFFICIAL PRICE of naira is the reason why imports are cheap and thus have a competitive advantage over locally produced goods and services.

It's unfortunate that the vast majority of Nigerians have a poor grasp of economics. No surprise they go about dispensing foolish ideas.

The root of the Nigeria Crisis is GOVERNMENT intervention in markets. Nigerians have evolved a socialist socio-political culture and it's killing their country. Withdraw the FEDERAL government from ownership and control of any form of production and remove all regulation of prices...and Nigeria will thrive, within 5 to 25 years the country will be richer than South Africa, Turkey and Chile and Italy.

Anyway sha, Good Luck to Nigeria.

nairalanda1:



You are selling bread at N1000 a loaf. Would you agree to sell it at N100 a loaf to help the poor? Be honest in your answer.

luizpippo:


No.

Rice was 8,000 when Buhari came, went to 19,000 the next year, by then minimum wage went from 19k to 33k, then border closure took rice to 38k, now we are reading 44 to 56k, what exactly are you justifying?

That the border closure benefitted the civil servants or the hustlers buying it?

Alakori07:


How many Nigerians earn below 60k ? I need the statistics. Also,from the research done in California, how many Nigerians will die by the age of 60 cuz of poverty and because they have not move to America?

Likewise, is it true that someone can be successful within 2days when they land in America with just $2 in their hand?

IbeOkehie:


Good thing you know about the stats👍🏾 though your figures are exaggerated. Nairametrics the Nigerian Business News site reeled out some of them just yesterday....

https://nairametrics.com/2023/09/02/japa-is-it-wise-to-sell-off-your-properties-to-relocate-abroad/

The facts are the facts. Nigeria is in Crisis. You know it. Don't hate the messenger.

Have a good weekend and Good Luck!

Not true at all. The ONLY solution to the Nigeria Crisis is FREEDOM, in this case ECONOMIC FREEDOM. Allow the people of Nigeria to buy whatever they want from wherever they want at whatever the price may be...whether rice, dollars, fuel, granite, electricity, education, land and whatever else you can imagine. And everyone will be fine in a few years. That's a guarantee.

Depreciation of the naira will actually be BENEFICIAL to Nigeria, the reason why the economy isn't reaping the benefits of a falling naira is because the FREE MARKET PRICE is illegal. That's all it means when we say "black market price" of dollar. The solution is simple - CBN must float the dollar and allow everyone to trade it as they wish without regulated price.

The artificially strong OFFICIAL PRICE of naira is the reason why imports are cheap and thus have a competitive advantage over locally produced goods and services.

It's unfortunate that the vast majority of Nigerians have a poor grasp of economics. No surprise they go about dispensing foolish ideas.

The root of the Nigeria Crisis is GOVERNMENT intervention in markets. Nigerians have evolved a socialist socio-political culture and it's killing their country. Withdraw the FEDERAL government from ownership and control of any form of production and remove all regulation of prices...and Nigeria will thrive, within 5 to 25 years the country will be richer than South Africa, Turkey and Chile and Italy.

Anyway sha, Good Luck to Nigeria.

Alakori07:


How many Nigerians earn below 60k ? I need the statistics. Also,from the research done in California, how many Nigerians will die by the age of 60 cuz of poverty and because they have not move to America?

Likewise, is it true that someone can be successful within 2days when they land in America with just $2 in their hand?

nairalanda1:


Which is why they have to set high prices.

And why we have to take the right economic decisions.

holysaint1:



After una go say school na scam.

Just take a look at the nonsense reply this one is splurting out

nairalanda1:


Well, at school I was taught the idea of making a profit at business and why it is important

Your comment shows that if you were running a business you would sell at a loss to help the poor. Commendable, but an easy way to.ruin your business . And to promote the kind of saboteurish behaviour that is ruining the oil sector

holysaint1:


Am sorry to say.. But your sense of judgement is not intune with the reality on ground.

In other words, you still have alot to learn regarding the workings of the economy.

Would have gladly enlighten you now but my hands are full at the moment.

So i suggest you leave your high horse and enter a local market nearest to you and do a little sample research. Ask questions. So you get the juice of the whole issue before you open up to say your piece.

A simple advice bro.

Babathanks:

But this things works perfectly during Jonathan time now. Border was open and rice was cheap.

nairalanda1:



Sorry, man, but the point of my argument is simple.

If you are selling something, it is better YOU HAVE THE RIGHT TO SELL IT AT THE PRICE YOU WANT TO SELL IT, not AT THE PRICE THAT GOVERMENT OR ANYONE WOULD DICTATE FOR YOU!

Got it?

That is what I am defending. But you no wan see am.

Anyway, I have tried!

Good afternoon.

Babathanks:

Yes now
This Govt are just running propaganda news. I’m from south west self

nairalanda1:



Sorry, man, but the point of my argument is simple.

If you are selling something, it is better YOU HAVE THE RIGHT TO SELL IT AT THE PRICE YOU WANT TO SELL IT, not AT THE PRICE THAT GOVERMENT OR ANYONE WOULD DICTATE FOR YOU!

Got it?

That is what I am defending. But you no wan see am.

Anyway, I have tried!

Good afternoon.

holysaint1:


What you are saying is pry school economics.

Everyone or anyone goes into business to make profit. Thats crystal.

The milion dollar question here is, will the policies of the government create an environment for a free market economy to thrive ??

And for the record... You are going against your own claims in relation to the fuel subsidy saga.
Where the government claims to have removed subsidy and still pegged a price at which the commodity will be sold.

You now see that supporting this government is a no brainer. Because it makes you doubt your reasoning ability.