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Nairaland Forum / Nairaland / General / Politics / Should Nigeria Try To Discourage Importation? (1275 Views)
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Re: Should Nigeria Try To Discourage Importation? by Seun(m): 9:32pm On Feb 04 |
Agboriotejoye:It's a hypothetical, obviously. Did you understand my points? 1 Like |
Re: Should Nigeria Try To Discourage Importation? by Agboriotejoye(m): 9:40pm On Feb 04 |
Seun:Oh ok. I did though. All the attempt to demonise imports is APC propaganda. I've neve paid attention to it. You say we don't want imports but you export your president!! |
Re: Should Nigeria Try To Discourage Importation? by Melagros(m): 9:50pm On Feb 04 |
COMRADES, I don't think Total ban on importation will do Nigeria any good rather empower the local industry that alone will discourage importation 1 Like |
Re: Should Nigeria Try To Discourage Importation? by kkins25(m): 10:06pm On Feb 04 |
Do we have all we need to not import? Developed countries rely heavenly on imports, what we need are peope with working heads. All the useless professors collecting salaries should be put to work to earn their keep. 1 Like |
Re: Should Nigeria Try To Discourage Importation? by CHRISTFUCKER: 3:33am On Feb 05 |
cococandy: Not if Nigeria push to law any drug user and pusher caught sentenced to death People will fear to crosss border with drugs Population will reduce |
Re: Should Nigeria Try To Discourage Importation? by Rolings: 3:42am On Feb 05 |
Seun: The best thing for Nigeria is for the country to stop importation of many things and allow only machineries and technology....while developing local technology. I would have suggest we lock ourselves in but that system is archaic..... The world is now a global village We should also give a maximum 1year to stop food import within which we will invest heavily In agriculture and agro allied industries...... We have no business importing food 2 Likes 1 Share |
Re: Should Nigeria Try To Discourage Importation? by Rostikol: 4:00am On Feb 05 |
Seun: Good thesis. But it doesn't address the need for indigenous capacity-building and industrialisation, which could be hampered by the liberalist policies you advocate. And without those, job creation will be limited. How do you propose we avoid becoming a mere consumerist society lacking productivity and industrialisation, in the face of unrestricted importation? I don't believe China started from the outset as a free market economy. It was something they implemented a couple decades ago after a century of closed markets, which had enabled capacity-building and a measure of industrialisation prior to the later trade liberalisation of the 90s. Perhaps we've reached the stage China was in the late 80s and 90s and it's now time to open up like they did? Maybe. ![]() 2 Likes |
Re: Should Nigeria Try To Discourage Importation? by EmekaA125(m): 4:19am On Feb 05 |
Paraman:Importation on low import tariff would benefit the country more because some of the products being imported are gotten at a very reduced rate. Discouraging importation is very harmful to the economy. 1 Like 1 Share |
Re: Should Nigeria Try To Discourage Importation? by EmekaA125(m): 4:21am On Feb 05 |
RenaissanceGuy:You can't export when you don't have enough to export. No country can shut down importation in a bid to promote exportation. It's not a good economic policy. 1 Like |
Re: Should Nigeria Try To Discourage Importation? by ElSudani: 4:17am On Feb 07 |
Acidosis: We are not even producing enough for local consumption. |
Re: Should Nigeria Try To Discourage Importation? by Acidosis(m): 8:00am On Feb 07 |
ElSudani: This week, illegal miners and over 7 truck loads of lithium were apprehended in Kwara state. These are some of the issues. Do we need lithium for "local consumption"? I don't think so. But people are stealing these products and shipping them abroad illegally without due process (tax, remittances, dues, etc.). Lithium is a big deal right now all over the world. Tesla needs it. Same as Ford, and other electric vehicle companies all over the world. People like Elon Musk will pay anything to invest in a lithium zone, but who is going to initiate the talks? Tinubu? Even if Elon won't invest in a fantastically corrupt country, China has over 20 electric vehicle companies. However, under a fantastically corrupt party and government, these companies would rather cut corners by negotiating with corrupt politicians and obas. In international business management, corrupt countries (i.e., least developed countries) typically attract useless and corrupt companies. 1 Like |
Re: Should Nigeria Try To Discourage Importation? by ElSudani: 8:31am On Feb 07 |
Acidosis: Ukraine makes around $30 billion yearly from agricultural export, not to mention Ukrainians are not starving. Australia makes between 40 to 70 billion dollars annually and Australians are not starving too. In 2022 Brazil exported about 160 billion dollars worth in agricultural export. This is just one sector of the economy, not mentioning self sufficiency in food. This is something you should think about, what do you think 30 billion dollars would do for our own economy today? 1 Like |
Re: Should Nigeria Try To Discourage Importation? by Acidosis(m): 11:42am On Feb 07 |
ElSudani: Agriculture in Nigeria is currently overrated. I agree that we need not waste our time exporting the "little" output until we transition from peasant farming to more sophisticated mechanical means. This is 2024 not 1962. Nigeria only needs to do two things: attract foreign investors or get billionaires like Dangote, Otedola, etc. to invest more in the agric sector. We need to manage our agric sector in the same way we manage e.g., the oil sector. In the oil sector, employers look for the best and pay them handsomely. You'll usually find many first class graduates, huge capital base, and stringent regulation/regulators. Despite the massive level of corruption in the sector, Nigeria still managed to earn over $11bn in just 5 months (2023) from crude exports. Somehow, we expect the agric sector (populated with the highest number of illiterates and poor people) to produce the same result. It's never happening. We have become too archaic and comfortable with the status quo so much that we believe that only AK-47 carrying Fulani and Bororo folks without education can give us beef and fura de nunu (or yoghurt). We never even see poverty. The worst is yet to happen unless we begin to change our thought process. |
Re: Should Nigeria Try To Discourage Importation? by Pythagoras001: 12:42pm On Feb 07 |
jmoore:with a reserve of over 3.2 trillion, consistent yearly positive balance of payment and very strict money repatriation rule. The difference is quite obvious |
Re: Should Nigeria Try To Discourage Importation? by Temisblog(f): 10:25am On Feb 11 |
My ad on nairaland has been pending since,I don't even know how to pay?😥 1 Like |
Re: Should Nigeria Try To Discourage Importation? by SisterAnn(f): 10:37am On Feb 11 |
I don't get it. How will lifting crude from USA to be refined in Nigeria produce a cheaper end-product than the crude lifted from PHC to Lagos ? Someone should pls enlighten me? Anyone? |
Re: Should Nigeria Try To Discourage Importation? by Hpesoj: 3:55am On Feb 23 |
Unrelated post: Seun, It is very undemocratic to create and sustain an unfair and uequal system on this platform. Numerous examples of this abounds, like the creation of a separate section for a particular religious sect. However, I will stick preferential treatment accorded to individuals. For whatever reason, the system ensure that nobody is able to either quote or reply to any comments/posts made by MANNABBQGRILL.S. The is totally unacceptable. I don't know who the person is, and I am not interested, but you can't decide to make an individual here superior to others for God knows why. It's either you make it possible for everyone to decide whether they want to be quoted by everyone (like the block function in our favourite Twitter) or you stop hiding the coward behind MANNABBQGRILL.S except you're the one. 1 Like |
Re: Should Nigeria Try To Discourage Importation? by LordPherule(m): 4:08pm On May 17 |
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Re: Should Nigeria Try To Discourage Importation? by oyatz(m): 4:49pm On May 17 |
Seun: Importation of what? Is it importation of petrol, Garri, Wheat, Okirika, automobiles, Brazillian Hair, I-phone, took picks, wines, canned tomatoe, rice, Iron and steel or 'importations of workers'? |
Re: Should Nigeria Try To Discourage Importation? by oyatz(m): 4:54pm On May 17 |
Paraman: Nigerians will reduce importation of many products on their own as the economy become unable to afford it. The real reason why Nigeria recorded Trade Surplus in 2023 was because importation fell below the projected value. |
Re: Should Nigeria Try To Discourage Importation? by oyatz(m): 5:04pm On May 17 |
bentenny: It is not about competing or not competing but SURVIVAL. Can Nigeria import everything and anything that come to their minds? The answer is a CAPITAL NO. This is just like a 5-year old child who accompanied his parents to a supermarket for shopping but was pointing to any item in the supermarket that caught his fancy and asking the parents to buy. The parents bought the first four items, then the father started hesitating to buy more items. Out of frustration, the boy asked his father, Daddy ,why can't we buy the remaining ones? And the father replied 'we can't just be buying everything. Then he asked the father , why can't we be buying everything? The father replied...when you grow-up, you will understand. |
Re: Should Nigeria Try To Discourage Importation? by bentenny(m): 6:28pm On May 17 |
oyatz:As much as I understood where you are trying to get to,I am finding it hard to see where it aligns with what I said or the title! |
Re: Should Nigeria Try To Discourage Importation? by ChimaAdeoye: 6:36pm On May 17 |
We can try again, but we already tried it in 1983-1985 and it failed. When Buhari was the military head of state, he banned many imported items he thought were not "essential commodities". Then gave "import licenses" to a few people who just exploited the situation to accumulate money for themselves. This just created big smuggling gangs that still brought those items into the country and they became ten times more expensive, and nearby West African ports got the money from import duties while Nigerian ports got nothing. Unless we fix the electricity problem and help local industries to produce and export, we are just going in circles with the foreign exchange issue. |
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