Nairaland economist I sight you..there's nothing you people will not argue about once it has to do with Peter obiquote author=hensparkings1 post=117360324][/quote]

Oga! How will local manufacture grow when the cost of production is astronomical?

How will people's per capital income be favourable when they buy local products at astronomical prices?

Biko we are not ready for local production, let's stop punishing people to keep up with very low purchasing power while making the few people who could afford local production rich. You too can invest in importation and employ people biko. The import products have value chain that needs people to service, you know....jobs will still be available within the channel of distribution.

Fix the means of local production before forcing it down the throat of people! Imagine, bread is now N1000.....biko let us import N100 bread o. Awon werey!

ALL D PETROL WE CONSUME IN NIGERIA IS IMPORTED, DOES THAT MAKE PETROL CHEAP? CAN WE CONVENIENTLY REMOVE SUBSIDY WITHOUT LOCAL PRODUCTION?

dmostcheerful:
Reno mockery the crier.
Importation isn't Nigerians problem.
We stopped rice important and the price of local rice went from 11k to 29k currently.
Cement nko?
Nigerians are naturally greedy.
Remove restrictions to easy price for locals, use that opportunity to create more production company(this will create competition among local producers) which will leads to price reduction too.
When the locally produced price is down the importers won't keep up with price there by leading to them being discouraged with importation.
Right now, due to the current situation of thing like insecurity, unaccessible local production material, lack of steady electricity Nigeria isn't producing much.

omokab:
why obi will not be right when u don't understand anything like your lord,obi . you are only looking at the cost and you don't even try to find out why there is high cost of rice despite local made availability. Power ,insecurity, and bad roads were the major factors contributing to high cost of local made goods. But no matter how it generate employment. Create wealth .increase iGR and really helped when the price of crude oil was down . self dependent is another factor as we don't take our money to foreign country to enrich them anymore . So local goods are better than relying on foreign goods

Before 2015, a bag of local rice was N4,000 was the country secured, did we generate more light than now, how about our roads?

Very good.. we need policies dat will make life better for the masses. Dangote have milked Nigerians enough he should make do with wat he have aquired no condition is permanent. Let the common man get cheaper commodities in the market to buy let buy a bag of rice at 9000 or 10000. It is possible. People are hungry. Vote pitobi come 2023 election. Thank you.

I wonder why people argue blindly, I had to Google the effect of removing import restrictions on Nigeria. I don't want to start explaining, just use your Google then come back and argue.
But if you come back and continue saying rubbish, then I know you are either wicked, blind, tribal bigot or you just hate Peter Obi for no reason.

SAME YOU WILL CRY " UNEMPLOYMENT!" WHEN LOCAL MUNUFACTURING START CLOSING AND THROW MORE PEOPLE TO D EMPLOYMENT MARKET.

sisisioge:
Oga! How will local manufacture grow when the cost of production is astronomical?

How will people's per capital income be favourable when they buy local products at astronomical prices?

Biko we are not ready for local production, let's stop punishing people to keep up with very low purchasing people while making the few people who could afford local production rich. You too can invest in importation and employ people biko. The import products have value chain that needs people to service, you know....job will still be available within the value channel of distribution.

Fix the means of local production before forcing it down the throat of people! Imagine, bread is now N1000.....biko let us import N100 bread o. Awon werey!

jazon:

My brother has a factory in lekki. But the raw materials he uses are sourced from Turkey and China. He cannot easily get those raw materials because of import restrictions. Meanwhile after buying those raw materials, he converts them into finished goods and exports them to Ghana, Kenya, Cameroon etc.
Removing import restrictions would In The long run benefit the economy because the finished goods are exported.

It's just like countries that buy Nigerian oil. They convert the oil to finished petroleum products that have more value than the initial raw materials.
Removing import restrictions especially on raw materials is good for the economy.

There is no forex restriction on importation of raw materials.

Period007:
A tale of 2 former governors

What Thiefnibu gets from Lagos state government annually is more than Kebbi State annual budget.

You know this is nonsense right

Iliveforever:
I told you guys that if the so called rally they held at delta today was organic without PDP paying a dime, Reno omokri the womanizer will be not bother attacking Peter Obi.


Somebody should tell him he’s promoting Peter Obi the more than what he thinks he’s doing.

Face the message. Obi is a selfish individual. He only cares about his business.. He does care if Nigeria burns so fat he import and make money. Is that not why he ran to go collect us citizenship so that when he collapses Nigeria economy he will run to USA. And idiot are busy shouting obidient.. I don blame them it has always been the plan of the ipob undercover obidient " the destruction of the zoo" here are ignorant Nigerians about to help him fimi it up.. Well thank God I get my PR for Deutschland.. E concern una

Eriokanmi:
Reno will never see anything good in this I know lol..losers

Is there any good in removing import restrictions?

Nigeria is mainly an importing nation. Which has killed our economy. And Peter obi with his flat head wanna remove import restrictions

Tuprelo:
SAME YOU WILL CRY " UNEMPLOYMENT!" WHEN LOCAL MUNUFACTURING START CLOSING AND THROW MORE PEOPLE TO D EMPLOYMENT MARKET.

What was the unemployment rate in the days of Jonathan before this present lunatic took over? You created more problems while trying to solve one yet too proud to acknowledge your folly and go back! Countries that produce locally solve electricity problem first being the most expensive cummulative means of production. Go and check Ghana to learn biko. Enough!

Sleekfingers:



Is there any good in removing import restrictions?

Nigeria is mainly an importing nation. Which has killed our economy. And Peter obi with his flat head wanna remove import restrictions

Did you read anything about the export aspect? Don't join them to act like an illiterate. Those attacking his manifesto either read it but because of the candidate they support, discredited it or they don't read at all.

e author=Masterito post=117360336]Check the amount of rice when there is no restriction and now, then get sense. When there no restriction bag of rice was 9000, how much is rice now? Do you know many American company prefer to produce in China than in America? Common sense is not common. [/quote]
Mumu, the restrictions is building our local rice farmers, inflation came into play too, there is a general rise in the cost of goods not just rice.

If you import everything, how will you employ the teeming population?

How will your economy expand and GDP grow?

How will the naira value shore up?

Don't be a fool, government boost production to stimulate economic activity, you want to destroy our economy because of rice?

The price increase you stated above is caused by higher demand of rice, the restriction is good, over time our production levels will meet up with demand, think of the employment and economic engagement of the populace production brings.

One of the problems of South east is because of the shop and container economics, moat of your youths are kidnappers and Ipob terrorist today because no manufacturing or production units to employ them, igbos mainly do importing business, which is one man business. You people are dull.

AK481:
olodo reno.

restriction of FX should be removed.
the diaspora should send all its fx to nigeria for production so that it will help to create a suplur of dollar and give the naira more value.

this is technical ,so you don't expect agbado people to understand

Who is diaspora? Is diaspora owing you? Una no dey reason oo before una talk.. Which diaspora? Their remittance is individually going to family support, school, business, health etc.. Who wan give you for production? Wake up ooo

Tinubuadvocate:
I have said it time without number that peter obi is senseless and dull.

Senseless like ur ancestors were.

Masterito:
Lol, which Naira. So why is the restriction not currently working? Check Nigeria in the pass when there was no restriction and now, which is better? Get sense!

You be better fool, we import hundreds of other products, is it only rice we import.

Our increasing importation is why the currency keeps falling. We import hundreds of products, but rice is one product we can conveniently produce, why import it?

Anytime we import our money is going out, and our currency keeps falling, and as our population keeps increasing, import keep doing more damage because as the year goes, our import volume increases. Mumu no be only rice we dey import.

Too much senseless comment full everywhere In the name of politics. Who can we say is senseless between leader and his supporters ? You want to remove import restriction just to satisfy the Egos of his supporters bcs many of them are Petty traders but unknown to him that if so is done ,this present situation worst economy will be a child play. Governance is more than buy and selling.

I don't know why you mentioned South East though. However, your stupidity didn't let know that I used rice as an example. Find out why Americans prefer to produce in China than America and you get some sense. Americans also import from China very well. I hope you are aware. Stop sounding like an illiterate with confused education.

baretalk:

e author=Masterito post=117360336]Check the amount of rice when there is no restriction and now, then get sense. When there no restriction bag of rice was 9000, how much is rice now? Do you know many American company prefer to produce in China than in America? Common sense is not common.
Mumu, the restrictions is building our local rice farmers, inflation came into play too, there is a general rise in the cost of goods not just rice.

If you import everything, how will you employ the teeming population?

How will your economy expand and GDP grow?

How will the naira value shore up?

Don't be a fool, government boost production to stimulate economic activity, you want to destroy our economy because of rice?

The price you state above is caused by higher demand of rice, over time our production levels will meet up with demand, think of the employment and economic engagement of the populace production brings.

One of the problems of South east is because of the shop and container economics, moat of your youths are kidnappers and Ipob terrorist today because no manufacturing or production units to employ them, igbos mainly do importing business, which is one man business. You people are dull.

Reno obviously does not really understand Pro's economic manifesto.
What he means by "removing import restrictions " is that inefficiencies involved in the trade proccess will be removed. These inefficiencies include undue delays in clearing of goods from the portal etc and end up increasing the cost of imported goods which is borne by the final consumers.
It doesn't mean that PO will open up the borders to all manner of imported goods.
He has continually emphasized the need for Nigeria to become a "producing country"

Na today I confirm say majority of obituaries are olodos
Simple economics they can't understand.
Economically, Nigeria is on the right path to prosperity as we speak, removing restrictions on products will take us back to our Egypt.

Sonyboom765:
Isn't that how foolish Peter Obi supporters talk about Bola Ahmed Tinubu as well or according to your dead Igbo brain what is good for the gander is no longer good for the chicken ?

lol he’s calling me Igbo already..
Your brain must be leaking.

pquaver:


Face the message. Obi is a selfish individual. He only cares about his business.. He does care if Nigeria burns so fat he import and make money. Is that not why he ran to go collect us citizenship so that when he collapses Nigeria economy he will run to USA. And idiot are busy shouting obidient.. I don blame them it has always been the plan of the ipob undercover obidient " the destruction of the zoo" here are ignorant Nigerians about to help him fimi it up.. Well thank God I get my PR for Deutschland.. E concern una

So it’s this government that cares about Nigeria?
Or it’s tinubu and Atiku that cares about Nigeria?

See eh, at least before you type ask yourself why this country got so bad since 2015 till now. Because of the evil policies they introduced.
Now Obi says he’s taking the opposite direction of what this country did and you’re still angry. Is it that you just want to attack peter Obi for just being capable than ur candidate?

However, who gives a flying Bleep if you have a pr in Europe asif you’ll stay the rest of ur life?

Sometimes ask yourself questions before coming out to show the level of your reasoning in public

OnionBandit:


Very senseless and dull

Who's senseless among you two? Just look at your moniker's name for example, does it make any sense to you? Byebye!

As an economist, Reno is 100% right on this.

asanausana91:
he have the right to talk about anybody that want to be president. Can you explain to us how removing of restrictions will improve our economy?
Some of you are too dull to understand what Reno is talking.

I understand what he’s saying, and he’s not right.

OGA! COST OF LOCAL PRODUTION WENT UP COS WE KILLED AND SOLD-OUT STATE FACILITIES THAT COULD HAVE BEEN FOUNDATION FOR CHEAP LOCAL PRODUCTION AND DOING SO WE INCREASED THR RATE OF UNEMPLOYMENT.

sisisioge:
Oga! How will local manufacture grow when the cost of production is astronomical?

How will people's per capital income be favourable when they buy local products at astronomical prices?

Biko we are not ready for local production, let's stop punishing people to keep up with very low purchasing people while making the few people who could afford local production rich. You too can invest in importation and employ people biko. The import products have value chain that needs people to service, you know....job will still be available within the value channel of distribution.

Fix the means of local production before forcing it down the throat of people! Imagine, bread is now N1000.....biko let us import N100 bread o. Awon werey!

Masterito:
I don't know why you mentioned South East though. However, your stupidity didn't let know that I used rice as an example. Find out why Americans prefer to produce in China than America and you get some sense. Americans also import from China very well. I hope you are aware. Stop sounding like an illiterate with confused education.

Shup up, those are American companies in China, they are there because of cheap labor, their wealth goes back to America, it's different than importing Chinese products. It is American products being produced in those factories and production units. Since their capital is being utilized in investment and economic activity, it creates expansion, which will be enjoyed by America and Americans, because every American eventually keeps his wealth in America.Trump placed a lot of restrictions on Chinese products as president. You people are myopic and very dull. The reason our currency keeps falling is because as our population is increasing our import volume increases, and our balance of payments deficit gets higher, hence your currency keeps falling. You keep mentioning rice like rice is the only product we import. Get sense. Obi has been an importer all his life, he knows nothing about growing an economy. Very dull stupid man, this is basic economics. I mentioned south east because it's true, your youths are terrorists and kidnappers today because no employment or economic empowerment opportunities, you people only import and sell in shops, that is not how to grow an economy and state.

Reno is not useful to Nigeria and Nigerians

Tinubuadvocate:
I have said it time without number that peter obi is senseless and dull.

Says a fool whose wretched father cannot remove Peter Obi’s shoes.

Useless Urchin like you.

FlyoruB:
A Peter Obi presidency would usher in an era 'Container economics', whereby our struggling local industries would be killed off completely to make way for the dumping of foreign goods that can otherwise be produced locally and exported for foreign exchange. That's enough reason not to vote for that Pandora fraudster.

Are u ok?
How much is bag of rice now in Apc government?

Omo..... APc came in to finished 9ja to zero level....

asanausana91:
why not attack the subject matter. Reno is right on this.

You want him to attack .
NL has become so low aswr