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FG Threatens To Open Border For Cement Importation - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Threatens To Open Border For Cement Importation (40066 Views)

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Re: FG Threatens To Open Border For Cement Importation by INTEGRITYA1(m): 6:19pm On Feb 20
Federal Government no serious.
Re: FG Threatens To Open Border For Cement Importation by treatise: 6:19pm On Feb 20
AqualinaXYZ:
Tinubu is the most useless confused fool alive




I wonder what Tinubu told his supporters to get them convinced




It’s now glaring why this goat meat was avoiding debates
He's just like Donald Trump
Re: FG Threatens To Open Border For Cement Importation by flokii: 6:22pm On Feb 20
pocom16:


Rest.. BUA is even selling at a higher price..

With $1 going for N1826

And will reach 2k in less than a week..it can never be cheaper than the locally made ones..

FG should de-register all the BDX operators in Nigeria.. then let all FX transactions be done only at the banks.

It's paining me how those in government don't know the power they wield.. CAC should sit up and start de-registering those bureau de change guys, then they'll sit up.
Re: FG Threatens To Open Border For Cement Importation by Whatisurproblem(m): 6:23pm On Feb 20
ERockson:
Open the border when local currency is very weak will only worsen the situation
you are a lier and greedy. You are supporting evil, let them open it first and see, when it's closed, we are suffocating to death, wetin remain?
Re: FG Threatens To Open Border For Cement Importation by toujurs: 6:26pm On Feb 20
sulaak:


This is why Nigeria is in a mess today - dumping foreign goods. If the government opens the border, there will be more food exports to other West African nations due to the imbalance of the Naira to the CFA. Nigeria needs to increase food production to meet local needs and for export.
But most farmer have been chased out of their farms. By fulani herdsmen.

So you expect, these farmers to risk their lives.
Re: FG Threatens To Open Border For Cement Importation by Saintinoo(m): 6:27pm On Feb 20
Paraman:
Don't just open it for cement importation, also allow rice, beans, tomato, wheat etc to be imported

And you think opening the border will reduce the price?
Re: FG Threatens To Open Border For Cement Importation by pocom16: 6:27pm On Feb 20
flokii:


FG should de-register all the BDX operators in Nigeria.. then let all FX transactions be done only at the banks.

It's paining me how those in government don't know the power they wield.. CAC should sit up and start de-registering those bureau de change guys, then they'll sit up.

Lol...

It will not work!..

Remove BDC?..Who will satisfy the needs of the average Nigerians who needs dollars..
Until the banks can support the demand for FX..BDC /black market remains
Re: FG Threatens To Open Border For Cement Importation by NAC1666: 6:27pm On Feb 20
dre11:


https://thenationonlineng.net/just-in-fg-threatens-to-open-of-border-for-cement-importation/
Including dollar importation
Re: FG Threatens To Open Border For Cement Importation by Chucks13: 6:28pm On Feb 20
Best way to go.

Open the borders.
Re: FG Threatens To Open Border For Cement Importation by wealthyvic1: 6:33pm On Feb 20
dre11:


https://thenationonlineng.net/just-in-fg-threatens-to-open-of-border-for-cement-importation/

Rubbish talk
Re: FG Threatens To Open Border For Cement Importation by loswhite(m): 6:33pm On Feb 20
ERockson:
Open the border when local currency is very weak will only worsen the situation
closing the border started the inflation in the first place
Re: FG Threatens To Open Border For Cement Importation by dominique(f): 6:33pm On Feb 20
Who are they threatening gangan bayii? The corrupt manufacturers who they're in cahoots with? Local manufacturers have shown us why we need to continue to depend on importation. Because they have little or no external competition, they decide to create artificial scarcity and overinflate the prices of their goods. Nigerians are the no.1 problem of Nigeria.

2 Likes

Re: FG Threatens To Open Border For Cement Importation by SaLongs1(m): 6:35pm On Feb 20
Svoboda:


Devaluing the naira without a strong export base will always hurt. It will surely create the imbalance we are seeing now in inflation.

China, in competition with the US, usually devalues to attract cheap exports. Its export base is strong.
It is not only devaluing the naira alone that has crippled the economy, you can go back to the removal of fuel subsidy without functioning refineries and even go right back to when Buhari closed the borders without farming inputs to spur the farming populace into action and less I forget the ignoble Emefiele and his foolish cash swap policy too.

1 Like

Re: FG Threatens To Open Border For Cement Importation by AuwalYusuf812(m): 6:47pm On Feb 20
Open border. Indeed grin
Re: FG Threatens To Open Border For Cement Importation by FireUpNow(m): 6:48pm On Feb 20
Talk is cheap, he needs to show action and also open borders for rice importation
Re: FG Threatens To Open Border For Cement Importation by Karleb(m): 6:51pm On Feb 20
I don't know how to explain it but opening up the borders will make life dependent things cheap, naira might be in shambles but things like food will be cheap.

But the dickhead will never do that in a million years.
Re: FG Threatens To Open Border For Cement Importation by jaymichael(m): 6:57pm On Feb 20
Paraman:
Don't just open it for cement importation, also allow rice, beans, tomato, wheat etc to be imported
It will come to that soon.
Re: FG Threatens To Open Border For Cement Importation by maasoap(m): 6:58pm On Feb 20
ERockson rEr4w455post=128554671:
Open the border when local currency is very weak will only worsen the situation
But selling cement at x3 of the previous price is not acceptable. There is no justification for the x3 of the price of cement at all

1 Like

Re: FG Threatens To Open Border For Cement Importation by Cmanforall: 6:59pm On Feb 20
dre11:


https://thenationonlineng.net/just-in-fg-threatens-to-open-of-border-for-cement-importation/
It will bring competition... and individuals may decide to import for personal use

Local manufacturers won't like this
Re: FG Threatens To Open Border For Cement Importation by desiredhome: 7:04pm On Feb 20
Melagros:
COMRADES, though, tinubu is incompetent, but if this is the best solution, let it be because Dangote and his fellow capitalists are milking millions of Nigerians
What stops them from giving license to other investors instead of importing that will still devalue our naira?.....
This is really one chance government.....a government of trial and error

1 Like

Re: FG Threatens To Open Border For Cement Importation by desiredhome: 7:07pm On Feb 20
flokii:


FG should de-register all the BDX operators in Nigeria.. then let all FX transactions be done only at the banks.

It's paining me how those in government don't know the power they wield.. CAC should sit up and start de-registering those bureau de change guys, then they'll sit up.
The banks/bankers are another fraudsters, Nigerian problems are too much...
Re: FG Threatens To Open Border For Cement Importation by Gboom: 7:11pm On Feb 20
gaby:


The same price survey they did on the Dollar v Naira abi?

Una deserve everything wey una dey see.
See, like the minister said, most of these so-called manufacturers are just being greedy. Imagine stating your production cost in dollars when most of your raw materials are found in Nigerian soil, is that not wickedness!
Re: FG Threatens To Open Border For Cement Importation by okeke6969: 7:13pm On Feb 20
We were told that gas we are using is imported.
So, due to manufacturers high cost of cement, they made a U-turn that after all gas is sourced locally. This goes to show that this government are intentional to deal with it's citizens.
Re: FG Threatens To Open Border For Cement Importation by Timothy89(m): 7:15pm On Feb 20
Tinubu brought all this to himself, you don't take a decision as sensitive as subsidy removal even in your 3months in office


It is obvious his cry of naira scarcity was not intentional, if it is, he wouldn't remove the last hope of Nigerians on the first week of resumption, that's cruel


Removing subsidy destroy everything, now he's still paying the subsidy hence this hardship would have add to the fuel price, so unfortunate
Re: FG Threatens To Open Border For Cement Importation by Paraman: 7:17pm On Feb 20
jaymichael:
It will come to that soon.
Rice nah 78k like this... Pure madness
Re: FG Threatens To Open Border For Cement Importation by MANNABBQGRILLS: 7:17pm On Feb 20
Key input materials for cement production such as limestone, clay, silica sand, and gypsum sourced within our borders, should not be dollar-rated.

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Re: FG Threatens To Open Border For Cement Importation by Charlie2020(f): 7:21pm On Feb 20
With current exchange rate, going to like 3000/$ in less than 30 gays, imported cement might even cost more
Re: FG Threatens To Open Border For Cement Importation by TruthsFM: 7:24pm On Feb 20
chidiokay:



Nigeria is not the only country "importing", benine republic import far more than Nigeria yet there economy is not in comatose

Us is the largest Net Importer of finsihed goods,

Importing is a problem but how we spend dollar within our economy is even the bigger problem, Nigerians now prefer to save there money in dollars in a Naira economy.

level of confident in a currency is what kills it or strengthens it

my question now is that why is the dollar increasing rapidly? By the end of his week or early March, the dollar rate will hit 2k per dollar. Inflation keep increasing, price of foodstuffs keep increasing.
Re: FG Threatens To Open Border For Cement Importation by Fearurcreeator: 7:30pm On Feb 20
gaby:
These people are truly senseless in all ways.

At what exchange rate will the importers be bringing in the cement?

Confused Moronns in power.
Morons lord's over who?
Re: FG Threatens To Open Border For Cement Importation by shortgun(m): 7:32pm On Feb 20
chidiokay:



I still don't know why the govt is hesitant and relunctant to open land borders, what is left to lose

Policies are meant to be Review, when our land borders were open, was the cost of living & naira value these bad and ever since we decided to ply on reinstating local production what have Nigerians gain .. its being one bad news to the others cos aside high cost of production Nigeria are generally selfish.

The so called "local rice farmers" are responsible for the high cost of rice in the country, we were buying a bag of rice for 8k until Government decided it want to support local rice farmers by closing the borders..now a bag of rice is 70k.
Same thing with poultry; we all remember how frozen chicken was affordable and all over the place until local farmers were introduced into the equation, now a sizable chicken goes for as much as 15k, a fully grown turkey is priced at 40k.
The policy clearly did not produce the results it intended, time to get rid of it and open up our borders

1 Like

Re: FG Threatens To Open Border For Cement Importation by yommen: 7:34pm On Feb 20
ERockson:
Open the border when local currency is very weak will only worsen the situation

What matters more? When boarder was open, rice was less than 10k. They closed boarder In order to game Nigeria ni now! Let them open boarder and allow competition in the market!!!

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