God1000:
Hmm, this looks like damage control

Tejuri:


In my opinion I don’t think the ban on importation of turkey and rice was a bad idea in itself, the implementation was the problem. I remember still seeing foreign rice in the market while foreign rice was banned, I am talking about many many months after the ban came into effect so we cant say it was the foreign rice already in the country that they where selling. Everyone knows Turkey is still smuggled in anyway, many governments before Buhari has banned it and it still came in. The Nigerian Customs service is a very corrupt organization so that is why many of these policies fail IMHO. But now saying remove forex and import restrictions? No matter how you look at it, whatever rice in price of goods we are seeing now will be childs play compared to what will happen if those restrictions are lifted. The solution is to ensure proper compliance to those policies, anything we can make in Nigeria should not be allowed into the country, most especially not with forex gotten from the CBN. If imported rice gets too expensive, people will eat the Nigerian processed once, it looks like a painful process but that is how self reliance work, it is a painful process. We want the country to work but we want it easy. Processing rice is not rocket science, if importers see they can make more money buying local rice and processing here they will take that route. Even the local rice will be expensive at first but eventually more people will go into it, competition lowers prices, and in the end everyone will be happy.
When we are shouting we want a better country, we should know a lot of pains comes with it.
Most people today are shouting remove fuel subsidy, the way you complain about the price of rice is how they will complain about the price of fuel. Nobody want die, but dem want go heaven.

You mentioned the government policy on containers and trucks when importing, I don’t have a lot of knowledge on that so I can’t say much on it.

Tejuri:


In my opinion I don’t think the ban on importation of turkey and rice was a bad idea in itself, the implementation was the problem. I remember still seeing foreign rice in the market while foreign rice was banned, I am talking about many many months after the ban came into effect so we cant say it was the foreign rice already in the country that they where selling. Everyone knows Turkey is still smuggled in anyway, many governments before Buhari has banned it and it still came in. The Nigerian Customs service is a very corrupt organization so that is why many of these policies fail IMHO. But now saying remove forex and import restrictions? No matter how you look at it, whatever rice in price of goods we are seeing now will be childs play compared to what will happen if those restrictions are lifted. The solution is to ensure proper compliance to those policies, anything we can make in Nigeria should not be allowed into the country, most especially not with forex gotten from the CBN. If imported rice gets too expensive, people will eat the Nigerian processed once, it looks like a painful process but that is how self reliance work, it is a painful process. We want the country to work but we want it easy. Processing rice is not rocket science, if importers see they can make more money buying local rice and processing here they will take that route. Even the local rice will be expensive at first but eventually more people will go into it, competition lowers prices, and in the end everyone will be happy.
When we are shouting we want a better country, we should know a lot of pains comes with it.
Most people today are shouting remove fuel subsidy, the way you complain about the price of rice is how they will complain about the price of fuel. Nobody want die, but dem want go heaven.

You mentioned the government policy on containers and trucks when importing, I don’t have a lot of knowledge on that so I can’t say much on it.

luizpippo:



With all the ban by PMB, where are the dollars?

N3TRAL:
A voice note isn't my problem.

My problem is that a presidential candidate wants to remove import restrictions in Nigeria.

Like what the Bleep?

Within 2 months of such stupid policy the dollar reserve in the central bank will be empty.

Millions of employees will lose their jobs.

Even people that produce biscuit will close their factories.

It's scary in this e-commerce era where I can order for 1 million crates of eggs abroad, 200,000 cartons of frozen chicken online, and throw poultry farmers into joblessness.

Nigeria will suffer the worst balance of payment deficit ever known to humanity.

Wow. Just wow!

N3TRAL:
A voice note isn't my problem.

My problem is that a presidential candidate wants to remove import restrictions in Nigeria.

Like what the Bleep?

Within 2 months of such stupid policy the dollar reserve in the central bank will be empty.

Millions of employees will lose their jobs.

Even people that produce biscuit will close their factories.

It's scary in this e-commerce era where I can order for 1 million crates of eggs abroad, 200,000 cartons of frozen chicken online, and throw poultry farmers into joblessness.

Nigeria will suffer the worst balance of payment deficit ever known to humanity.

Wow. Just wow!

N3TRAL:
A voice note isn't my problem.

My problem is that a presidential candidate wants to remove import restrictions in Nigeria.

Like what the Bleep?

Within 2 months of such stupid policy the dollar reserve in the central bank will be empty.

Millions of employees will lose their jobs.

Even people that produce biscuit will close their factories.

It's scary in this e-commerce era where I can order for 1 million crates of eggs abroad, 200,000 cartons of frozen chicken online, and throw poultry farmers into joblessness.

Nigeria will suffer the worst balance of payment deficit ever known to humanity.

Wow. Just wow!

And ur current party in power that restricted everything yet we are still borrowing,there is super hyper inflation ranging from 300-500%. Does this show u know the nonsense u are writing?

LastProphet:


Is actually those old goats like buharis and gang that are the problem. What does the rest on Nigeria actually gain from Biafra? Why force someone to marry you if you're not their choice? At least one thing Nigeria would have clearly gained is a passport that's not quickly suspected of fraud and cocaine when you travel out but the old goats mostly in tynorth think Biafra must be part of Nigeria for Nigeria to be great.

God1000:
Hmm, this looks like damage control

VeeVeeMyLuv:

Lately some people have been using these particular sets of excuses in the bolded to defend and justify the suffering economic hardship in Nigeria. No b me ask them to dey born born plenty pikin they cannot properly plan for, take care of and engage productively. Are they more religious than the originators (whose birth rate has drastically reduced from 7 in 1960 to around 2 presently) of that religion (usu worships this day) ?



OPEC quota for Naija is 1.8 mbpd.
Yet production continue to dwindle, now 900, 000 bpd last reported. Shebi u don see am now ba?

VeeVeeMyLuv:

Oga nawaoooo haba...

Are u not seeing graduation pictures of our leaders with their children in Cambridge, havard, foreign countries, medical tourism....

Odewaleadesoye:
The alleged Audio Conversation between APC VP Candidate Kashim Shettima and Ibikunle Amosun has been checked to be fake.

According to the two reliable sour noces below, it was gathered that the audio Conversation originally came out in the year 2017.

Kindly look into the reliable information I got from [url=https://www.google.com/amp/s/dailypost.ng/2017/06/13/amosun-reacts-forged-audio-conversation-shettima/%3famp=1]Daily Post[/url] and PR NIGERIA.





[url=https://www.google.com/amp/s/dailypost.ng/2017/06/13/amosun-reacts-forged-audio-conversation-shettima/%3famp=1]DAILY POST[/url]







PRNIGERIA

Kindly note that I am not working for any political party but we must be sure of the news we are circulating.

Tejuri:


I see that, you can’t stop rich people from sending their kids abroad. Over reliance on oil money to get forex is the problem. The New York police budget is more than Nigerias military budget, that is to show you how poor Nigeria is. We need to find a way to make money. If we have enough forex earning streams, we won’t worry about mundane things like medical tourism and rich peoples kids schooling abroad. You think even if CBN rate is N700 a minister’s child won’t be able to school abroad?

nedekid:

Well said, but my point is that we have been doing things same way and getting same results. We should try some other way to see if there will be improvement. We have not gotten the full details of his plan, just the sensational part was picked. Don't forget Obi has operated businesses at the highest level, home and abroad. From international to local trading, also the financial industry.
On the financial sector ran 2 banks including the current fidelity bank, chairman of charms Ltd and so many other blue chip companies. He certainly is not a green horn.
Finally, fx and economic has to do to an extent with "confidence". People's trust in financial management. If people know they can have acess to forex to do their business or personal use when needed, there is less demand and pressure on the naira. Eg, currently, anyone that has reasonable cash at hand, because of perceived fx hoarding, goes to the parralell market and changes the money to forex and keeps, at home or in dom accounts. People have even started loosing faith in dom accounts and rather transferring to foreign accounts for savings!
Maybe once confidence is restored interms of availability, naira will stabilize, that might be his strategy. Of course, the regular import ban on certain goods remain to avoid the country being a dumping ground.

VeeVeeMyLuv:


Really? Are you serious? U & I know that most of these riches are ill gotten through mindless , heartless looting of treasury

And sharp corrupt practices such as FX rountripping, subsidy fraud, oil theft, inflation of contracts & non execution of projects to divert funds.

Not from Enterprise.

U want people to consume home grown, yet leaders who should lead by example are 100 % have insatiable taste for foreign.

Tejuri:


I know what you mean, my point is Politicians are scumbags everywhere in the world, we can reduce it but is not going anywhere. My point is we notice all of this because Nigeria is not making enough money.

In the UK at the start of corona, the companies who got ventilator contracts where companies who where like 2, 3 weeks old. Guess the owners? They where all friends of politicians, and they bought the ventilators at 2,3 times the market price. My point is politicians are the same everywhere, we notice the corruption in our own system because the government doesn’t make enough money to run essential services.

Enkidu70:


Of all the pointless kinds of fake news to be peddled on the internet, your APC masters gave this to you

You're finished, and even you known it. Sad

Akerele44:
I pity those who still they get believe say Hausa and yoruba people will leave there candidate and vote for someone that's is originally from the state leading the separation of Nigeria

God1000:
Hmm, this looks like damage control

olisaEze:
It’s an old audio but still valid if one were trying to understand the mentality of the man that is the running mate to a candidate whose health status is already giving much concern to the public. Loyalty to nation has to come before loyalty to party, or such a party becomes no different from a criminal enterprise. This is the man that has all but named himself commander in chief without recourse to his principal. It won’t be far fetched to conclude that the SE’n part of this nation would see worse than they’re currently experiencing under any administration controlled by such a self-entitled tribal chauvinist!

BluntTheApostle:


You people are impossible.

Did the same Obi not talk about moving from consumption to production?

Why mention import restriction removal again?

ElSudani:


One of the dumbest things I've ever read on Nairaland.

Bigchristo:
In Nigeria agitation is like act of terrorism in the eyes of government because they don’t engage in fixing the country for it to be better and enabling environment for everyone, the first motives of an average Nigerian politicians is to loot public money and divert it for personal use, no agenda of fixing the country but when people starts agitating to leave the country they will deploy military airforce navy even DSS and police to combat such group of people, imagine Nigeria government proscribing IPOB to be terrorist group and struggle to admit that Killer Fulani herdsmen and Bokoharam are terrorist, see let’s leave this matter for matayas n focus on electing competent hands into government to fix the country, I keep asking people when Goodluck Jonathan was in power did we hear anything like agitation? Na bad government Dey always spark up such thing because Canadians and other good countries around the world won’t think of breaking out of their country.

LastProphet:


Yeah agree with everything you said except that of Goodluck, he's better than buharis only in some few aspects, his looting party PDP and all the thieves there who are now in APC messed him up

N3TRAL:


The price of dollars in the Nigerian money market is high because of scarcity of dollars.

If Dangote produces his cement in Nigeria in Naira and pays its workers in Naira and you buy in Naira, no dollar is lost in Nigeria.

If Dufil produces indomie in Nigeria in Naira and pays its workers in Naira and you buy indomie in Naira, no dollar is lost in Nigeria.

Importation of cement or indomie means that you will lose hundreds of millions of dollars annually, that can be used for other things, to buy the same cement and noodles that could have been produced in Nigeria without you losing that amount of dollars.

Importation reduces dollars in the economy thereby making the Naira lose its value consistently.

This is the simplest topic in economics.

ElSudani:


This is because you have not been following the gains in the cement and rice production. Nigeria went through hardship to get to where we are today, reversing everything should be considered treason.