Ebukacute:

Leave me alone , I no well.

GloriousGbola:


any ADULT will tell you that this was coming.

no matter who was in the seat , the naira would have fallen because every previous CBN governor was bolstering the naira with our foreign reserves

now our foreign reserves are depleted because the price of oil has fallen, our oil is not in that much demand as before, and our production has been halved

but while our income has fallen, our demand and appetite for importation has remained the same.

what is happening now is that this govt is taking some of the hard decisions that we should have taken when we had seven ears of corn. if this nation had built and completed rice mills 10 years ago , when we had a much better stream of income, we would be in a better place now.

you cannot run an import based economy with no exports and expect to have a strong naira.

obainojazz:
My point exactly… we are not there yet to be banning rice importation.

It’s just like telling a sick person not to see a doctor yet and instead wait for his sibling in med school to graduate and treat him.

Our decision makers are not bright

raumdeuter:


Baba no give you the concoction?

obainojazz:
When you want to fix something that’s not broken, you better make it better.

As it stands, price of rice is never going down but minimum wage will remain the same

larride:


Price of rice will go down when the product floods the market.

sod09:

That will not be this year for sure

obainojazz:
In your mind, the whole of Australia is a desert… Canada, US and UK all import rice so choose another story mate

GloriousGbola:


if dollar is N700, and you are importing rice, do you expect the price of rice to rmain low

stop talking about looking devilish - that is the way nigerians talk in the face of inevitable facts

have you not seen the prices of ALL imported items or items that require imported materials go up?

i posted a link to balance of trade, which should explain it

importation without corresponding exports is a vicious cycle - where the value of your currency will continue to drop.

importation is not a business model

obainojazz:
In your mind, the whole of Australia is a desert… Canada, US and UK all import rice so choose another story mate

larride:


No. Maybe when Imota and Dangote mill starts production or the govt reduce import duties on rice importation.

Segedinho:

Do we import yam n plantains?

just check d price of foodstuffs that isn't imported...

Segedinho:

Do we import yam n plantains?

just check d price of foodstuffs that isn't imported...

GloriousGbola:


are you changing goal post?

we were talking about importation, not so?

you want to talk about price of local foodstuffs, thats another story

raumdeuter:


Baba no give you the concoction?

GloriousGbola:


https://oec.world/en/profile/bilateral-product/rice/reporter/can

maybe obainojazz can show us the nigeria exported vs imported rice scales - since he is celebrating food insecurity and thinks it is normal to import all your food

izzou:



I hope you are trolling with what you typed there.

Segedinho:

How much do u think is a bag of cement presently?

i love your "maybe" but in reality we know d outcome

liveLongNprospa:
While you think we are done with rallies... We have shifted to the rural areas...

Yall gone learn


And for the person that thinks I'm an old person.. Thank you oo

Itsrm:


Now you guys are getting serious. The only thing left will be Ghana must go bags on election day.

larride:


Simple economics theory says when supply is higher than demand, price will drop. Is that not true?

What exactly dont you understand from my post?

liveLongNprospa:


Lmao we are getting serious keh?

Again sha people have no idea how much we have penetrated naija... More to come

Segedinho:


When supply is less...you as a gov have to try improve on d less commodity b4 embarking on a suicide mission.


I brought in d cement issue to justify or bring to your notice the "maybe" theory.

Naija rice is perfect,my response or post is blaming d naivety of gov in blocking imports without addressing d main issue...


we are not even back to square one in "feeding" capabilities but 100yards backward thanks to gov plans.

OasisX:


.... una want strong Naira, yet don't wanna put an end to importation? No wonder one Oyinbo man said that; Africans are only after 3 dreams on daily basis; eat food, drink alcohol and fùck babes..... ain't sure he's wrong though, especially when you consider Obidense foolishness.

GloriousGbola:



i made an analogy everyone should understand.

all of these things - the rice mills etal should have been implemented during our bumper years - when we had money and when we could nurture industries

we did not do it then. now we are broke, our naira is under pressure, and we now have no choice. that is the reality.

we are trying to deploy our food security in a lean period, because we have no choice in the matter anymore.

Segedinho:

Except maybe i wasn't following d convo.

blame to Jonathan one more time after about 7 years.....

Do u plan for export at d east ideal time or gradually put things in place b4 going head to head with "just export"..


or rather ..Do you export at d detriment of your citizen?

what happened to our leather ...groundnut and many more when it comes to export

Segedinho:

Baba....respect yourself b4 i remove your teeth just now....


What is the relationship bw creating a better and less expensive supply to your citizen with rice vs dollars rise

we are among d best in commodity exports (crude oil n co) but d most stupid nation on earth in term of imports

I don't think any one here is against export at all but what are we exporting when we can't even address our own supply despite d surplus.

Since d ban...what can u boast of, as a typical Nigerian as being cheap to surplus

U don't wake up to export without having a good amount of such items at your disposal.

OasisX:




Egbon Segun....... e Jo ooo