Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

BALLOSKI:
You're not saying the truth, sir. In my business, it's mostly driven by diesel, and we were buying diesel in some places between 1600-1900/ltr. When Dangote started, it crashed to about 1,050-1,100/ltr.

Dangote refinery will make petrol cheaper in the long run and possibly end scarcity forever.


Do you prefer government buys the products at an expensive rate from another country, where our people are not employed, they don't pay tax here? Com'on, let's pay that to our highest payer of tax and biggest employer of labor in Nigeria.


If the landing cost is 1,070 naira and we take the price of shipping and insurance and other expenses away, since it's bought here, the price would go to around 700 - I think the government can pay 200 naira as the extra for the people while we wait for the market to get saturated when other refineries come on board and competition begins to take care of prices.

grandstar:


The country is broke. The government is broke! There's no money! Government can not sacrifice any revenue.

Any shortfall in revenue will have to be borrowed. Nigeria isn't a country that can cope with a huge debt burden as the interest rates are above 25%, and tax collection is barely 10% of GDP. The only way government can service more debt is simply by printing more money which is very inflationary.

Contrast with America where rates are around 3% and tax collection is about 28% of GDP.

There are better ways to help the poor such as lifting the ban on the importation of certain food or slashing import duty on them.

Import duty on wheat is 70%. Why not slash it to 20%? This will help bring down the price of bread. I won't be surprised of 1,500 bread won't crash to 1,200 or less of this happends.

The ban on rice imports makes no sense as Nigeria lacks any competitive or comparative advantage producing it. It is cheaper for the country to import than to produce it more locally. The government plans to open the borders for the import of unprocessed rice into the country with a zero percent duty is a fine move if implemented. Import duty on processed rice should be 30% at the beginning and eventually reduced to 20%

The ban on the importation of poultry meat also makes no sense. Allow its importation with an import duty of 20% maximum. Nigerians are starving, really starving.

These policies will not only help bring down the price of food, but also but boost the government purse with 100s of billions of Naira, which it desperately needs.

grandstar:


The country is broke. The government is broke! There's no money! Government can not sacrifice any revenue.

Any shortfall in revenue will have to be borrowed. Nigeria isn't a country that can cope with a huge debt burden as the interest rates are above 25%, and tax collection is barely 10% of GDP. The only way government can service more debt is simply by printing more money which is very inflationary.

Contrast with America where rates are around 3% and tax collection is about 28% of GDP.

There are better ways to help the poor such as lifting the ban on the importation of certain food or slashing import duty on them.

Import duty on wheat is 70%. Why not slash it to 20%? This will help bring down the price of bread. I won't be surprised of 1,500 bread won't crash to 1,200 or less of this happends.

The ban on rice imports makes no sense as Nigeria lacks any competitive or comparative advantage producing it. It is cheaper for the country to import than to produce it more locally. The government plans to open the borders for the import of unprocessed rice into the country with a zero percent duty is a fine move if implemented. Import duty on processed rice should be 30% at the beginning and eventually reduced to 20%

The ban on the importation of poultry meat also makes no sense. Allow its importation with an import duty of 20% maximum. Nigerians are starving, really starving.

These policies will not only help bring down the price of food, but also but boost the government purse with 100s of billions of Naira, which it desperately needs.

grandstar:


The country is broke. The government is broke! There's no money! Government can not sacrifice any revenue.

Any shortfall in revenue will have to be borrowed. Nigeria isn't a country that can cope with a huge debt burden as the interest rates are above 25%, and tax collection is barely 10% of GDP. The only way government can service more debt is simply by printing more money which is very inflationary.

Contrast with America where rates are around 3% and tax collection is about 28% of GDP.

There are better ways to help the poor such as lifting the ban on the importation of certain food or slashing import duty on them.

Import duty on wheat is 70%. Why not slash it to 20%? This will help bring down the price of bread. I won't be surprised of 1,500 bread won't crash to 1,200 or less of this happends.

The ban on rice imports makes no sense as Nigeria lacks any competitive or comparative advantage producing it. It is cheaper for the country to import than to produce it more locally. The government plans to open the borders for the import of unprocessed rice into the country with a zero percent duty is a fine move if implemented. Import duty on processed rice should be 30% at the beginning and eventually reduced to 20%

The ban on the importation of poultry meat also makes no sense. Allow its importation with an import duty of 20% maximum. Nigerians are starving, really starving.

These policies will not only help bring down the price of food, but also but boost the government purse with 100s of billions of Naira, which it desperately needs.

mrvitalis:

We haven't taken any forward step since 2015

Tianamen1:

nice write-up.
please what is the import duty on cars, building materials and furniture?

Asonaijaaso:


Why is cement not cheap compared to the rest of Africa/world ?

BALLOSKI:
This lie is being told too many times and It's appearing like It's the truth.

Where's cement sold in the name of Dangote than it's sold in Nigeria? Don't give me that fake Ghana story that's already been debunked.

If the Naira is devalued and price of diesel shoot up, what do you think would happen to commodities? So, cement should maintain its old price when everything went up?