monerozi5590:


Sir, did you know the price of 1kg of rice in the international market right now?

GloriousGbola:


you want to use that analogy when buhari has people buying N10,000 with N11000
when independent marketers are buying diverted fuel from major marketers
when we have rice mills and rice is now close to 50k for a full sized bag?

buharis only achievement is completion of projects - though the question is - at what cost

GloriousGbola:


did you not say buhari created a policy of grow what you eat? eat waht yoiu grow?

what has the price of rice in the international market got to do with that?

liveLongNprospa:


The question is why did he do it like this?
Is this how he has been doing things? If it is how come you guys never raised that issue till now?
If it isn't then what made this policy different?

monerozi5590:


Ok sir. So you think an importer will go to Thailand without import waiver and all to buy rice and he will bring it to Nigeria and sell it below what we are currently buying it? I am open to learning. If you can educate me on this I will be very happy.

monerozi5590:


Ok. I mentioned Buhari because I want you to see how things were before Buhari came in.

He really tried in the Agricultural Sector. He came up with grow what you eat and eat what you grow. Fertiliser plants have really sprang up so also rice mills. I think before now we are the largest importer of rice from Thailand (1st position) but now we are down down below or not even in the rating anymore. You know Agriculture is also a means of foreign exchange.

Infrastructure too. He did well here too.

Social Investment Programme. He did very well here too especially when Osinbajo was the handling it.

These are the few I can remember for now.

larride:


Do you know how many times we have discussed Meffy fx policy on this thread?

GloriousGbola:


so where are the RESULTS and the gains? how is it that after all is said and done rice costs more?
is that how you define success?

larride:


Do you know how many times we have discussed Meffy fx policy on this thread?

GloriousGbola:


so you are admitting that the so called agricultural initiative failed

according to you, it is an achievement of Buhari's administration

if it was, no one would be importing rice. it would not be economically viable to do so.

GloriousGbola:


what policy sef - the only policy is to tar some people as saboteurs

aboki fx was the villain in that story. in this story it is the bankers. yesterday it was the marketers

larride:


That's what I'm telling him, Meffy will mess up his own policy and then look for people to blame for the mess.

monerozi5590:


Ok sir. So you think an importer will go to Thailand without import waiver and all to buy rice and he will bring it to Nigeria and sell it below what we are currently buying it? I am open to learning. If you can educate me on this I will be very happy.

larride:


He actually did well in some sectors, infact better than most of his predecessors but he has fùcked up the economy with inconsistent policy.

Funny enough, most of these policy were in conjunction with the CBN.

larride:


Theres a ban on importation of rice. The foreign rice you see is brought in by smugglers in partnership with our corrupt custom officers.

liveLongNprospa:

I'm referring to the buhari aspect of not carrying anyone along

monerozi5590:



Which is a very good policy. How can you be importing what you can produce. It doesn't make any sense gaskiya.

monerozi5590:


I am afraid to say all these things I am saying outside because people can be very emotional. If only people will be less emotional and see things differently.

Even here, I mind what I say. Insults left, right and centre. Insults doesn't kill.

Ellexy:
Supreme Court enters the fray

larride:


Yes. Good policy but poor execution again.

The first time the price of rice shoot up was when he banned importation of rice. Rice is our staple food that almost every eat, it's not a luxury food. The ban means the rice coming into the country is limited and it was through smuggling so the price went off the roof. If we had a near sufficient producing capacity for rice before the ban, the price won't shoot up like that.

Thankfully, there has been immense investment in the rice business both from the Govt (Fed and State) and investors which has significantly increase our production. The price of rice is already going down, last week when I inquired it was about 31k. Still very high and it will still take some years before we get back to pre Buhari price (if we ever get there)

Ellexy:
Supreme Court enters the fray

GloriousGbola:


i just wish we were a reading nation - people need to release books about what has gone down in this administration

liveLongNprospa:



Lmaoooo judiciary wey dey mad.


Make we see if buhari go listen to them.. Can the SC wade into CBN issues?