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Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain - Agriculture (3) - Nairaland

Nairaland Forum / Nairaland / General / Agriculture / Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain (26145 Views)

Nigeria’s Poultry Renaissance: A Naira Devaluation Advantage / Spent Grain ( Brewery Waste ) / Naira Devaluation And Agriculture In The Niger Delta: The Way Forward (2) (3) (4)

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Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Fizalis(m): 12:14pm On Dec 30, 2023
In this modern age, size no matter at all!

Tiny countries like Israel, Luxembourg, etc rich pass Nigeria?

A whole giant of Africa no get 24/7 electricity, internet, etc?

You come here dey talk of harnessing the size!

NIGERIA is a mess and will continue to be so because of the corrupt foindation it was built on (British exploitation)
lexy2014:
it is if properly harnessed. in Nigeria's case, it is not being properly harnessed cos the men at thee top dont give a damn. the only size that matters to them is the size of what they can steal

2 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by SuccessfulRichi: 12:15pm On Dec 30, 2023
Common food we nor see chop again. Common to on generator. Men nor be fit do am again. Comot to pay t.p go work or fuel out vehicle men nor fit run am again. Omor ulcers go finish everybody before 2027 nor be curse. Aje
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by chigo32: 12:18pm On Dec 30, 2023
I don't know why some people are so draft, see this is bad. The prices of this products are too high for the citizens of Nigeria to buy, which made other countries with high currencies to change their currencies to naira that had no value. They made much gain from the business while we loss, so it is a big win for them and a big loss for us.
Kukutenla:
Toh
It's good news and should be encouraged
Our farmers should also be encouraged and supported to produce more
Larger market is never a bad thing
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by lexy2014: 12:22pm On Dec 30, 2023
Fizalis:
In this modern age, size no matter at all!

Tiny countries like Israel, Luxembourg, etc rich pass Nigeria?

A whole giant of Africa no get 24/7 electricity, internet, etc?

You come here dey talk of harnessing the size!

NIGERIA is a mess and will continue to be so because of the corrupt foindation it was built on (British exploitation)

how did you come to the conclusion that "In this modern age, size no matter at all"?

bros pls read again and take note of the verb "harnessed".

it is if properly harnessed . in Nigeria's case, it is not being properly harnessed cos the men at thee top dont give a damn. the only size that matters to them is the size of what they can steal.

the countries you mentioned, did they automatically become what they are just because they are small?

are those the only small countries in the world?

pls what is the population of Gabon or The Gambia and why are they not richer than Israel if its strictly about size?

why are Sao Tome and Principe, Mayotte, Cape Verde, Reunion, Comoros, Djibouti, Eswatini, Mauritius, and Equatorial Guinea richer than Nigeria because they are small?

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Kukutenla: 12:25pm On Dec 30, 2023
chigo32:
I don't know why some people are so draft, see this is bad. The prices of this products are too high for the citizens of Nigeria to buy, which made other countries with high currencies to change their currencies to naira that had no value. They made much gain from the business while we loss, so it is a big win for them and a big loss for us.
That's one way to look at it.
It depends on how the handlers of the economy react to this news.
You can easily afford Chinese goods due to their low currency.
What we need to do is ramp up production of those goods in high demands thus gaining more forex from the sale. This will in turn help our currency and our farmers as well.
As for the local economy, an increase in production will also help crash the price of those goods.
So it's about how govt responds to this heads up. If they sit idly by instead of stepping up availability of farm inputs, then your fears might become reality

2 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Fizalis(m): 12:27pm On Dec 30, 2023
In this modern age, size no matter at all!

Below is a list of tiny countries wey no big pass one Northern state for Nigeria but rich pass Nigeria many times

World's Richest Country/Territory
(GDP per capita, constant prices)
2022

Qatar =123,015 Macao SAR =83,177

Luxembourg=141,692 Singapore =132,719

Brunei Darussalam =74,639

United Arab Emirates =87,386

San Marino =78,259 Norway= 81,866

Switzerland =87,350 Andorra =68,605

Hong Kong SAR =73,586

Netherlands = 72,414 Ireland = 143,077

Denmark= 72,929 Iceland =69,172

And you get mind dey talk about size.
A whole giant of Africa no get 24/7 electricity, internet, etc?

You come here dey talk of harnessing the size!

NIGERIA is a mess and will continue to be so because of the corrupt foundation it was built on (British exploitation)

lexy2014:
it is if properly harnessed. in Nigeria's case, it is not being properly harnessed cos the men at thee top dont give a damn. the only size that matters to them is the size of what they can steal

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by chigo32: 12:28pm On Dec 30, 2023
This is a bad news my friend, if they change their currencies to naira they will buy so much products of ours with little amount of their currencies . The reason why they came to buy our products is because our naira is so weak.
aspabay:
Illiterates all over this thread. I don’t blame you I blame the reporters who made it look like bad news. You have more people buying from you and you call it bad news.

That’s forex flowing in guys.

You say food is expensive, foreigners are rushing to buy, isn’t that a marvel.

God bless Tinubu.
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by providencia(m): 12:29pm On Dec 30, 2023
Ikaeniyan0:
Farmers are smiling to the bank

You mean the farmers that are been killed at their farm every day buy herdsmen?
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by FireUpNow(m): 12:29pm On Dec 30, 2023
When you have a man who has shadow academic records and public reputation in power, what do you expect?😀😀😄🌽🌽
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Nazgul: 12:30pm On Dec 30, 2023
johnog4sure:
I am waiting for somebody to prove this comment wrong...I am still on my wait
Lol...you go wait taya.

They know that the 50% discount is a scam that's why they're all silent. Most of them must have secretly gone to these parks to inquire just for propaganda purposes, on hearing that the buses are still charging their normal inflated prices, they left in shame and kept quiet.

If the 50% discount was real, Tinubu's e-rats would have painted the who social media with videos of passengers confirming that they paid 50%. This announcement is as fake as the Nigerian air that was unveiled few weeks to the end of Buhari's administration. Just lies upon lies. That's what APC has been feeding us with since 2015.

2 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by lexy2014: 12:30pm On Dec 30, 2023
Fizalis:
In this modern age, size no matter at all!

Below is a list of tiny countries wey no big pass one Northern state for Nigeria but rich pass Nigeria many times

World's Richest Country/Territory
(GDP per capita, constant prices)
2022

Qatar =123,015 Macao SAR =83,177

Luxembourg=141,692 Singapore =132,719

Brunei Darussalam =74,639

United Arab Emirates =87,386

San Marino =78,259 Norway= 81,866

Switzerland =87,350 Andorra =68,605

Hong Kong SAR =73,586

Netherlands = 72,414 Ireland = 143,077

Denmark= 72,929 Iceland =69,172

And you get mind dey talk about size.
A whole giant of Africa no get 24/7 electricity, internet, etc?

You come here dey talk of harnessing the size!

NIGERIA is a mess and will continue to be so because of the corrupt foundation it was built on (British exploitation)


how did you come to the conclusion that "In this modern age, size no matter at all"?

all these countries you mentioned, why are they richer than Nigeria?

is it their GDP that makes them richer than Nigeria?

bros pls read again and take note of the verb "harness". if you dont know the meaning of the word, you can look it up in your dictionary if you have one.

it is if properly harnessed . in Nigeria's case, it is not being properly harnessed cos the men at thee top dont give a damn. the only size that matters to them is the size of what they can steal.

the countries you mentioned, did they automatically become what they are just because they are small?

are those the only small countries in the world?

pls what is the population of Gabon or The Gambia and why are they not richer than Israel if its strictly about size?

why are Sao Tome and Principe, Mayotte, Cape Verde, Reunion, Comoros, Djibouti, Eswatini, Mauritius, and Equatorial Guinea richer than Nigeria because they are small?
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by omohayek: 12:30pm On Dec 30, 2023
It takes either serious incompetence or outright malice for a "journalist" to take a fact which is essentially good news - Nigeria's farmers are now competitive in the international marketplace - and spin it as a negative development. To all those claiming that this is somehow a "terrible" thing (and blaming Tinubu for it), what happened to all of your usual moaning about Nigeria needing to develop an export-led economy? Now Nigerian farmers are exporting more, and still you complain!

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Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Fizalis(m): 12:32pm On Dec 30, 2023
I said size no matter at all, it's the people's will to develop their economy that matters for example Israel as small as it is has about 1 scientist to 100 persons. How many Nigeria get?

Israel scores higher than even a very big America in the innovation index!

What matters is actually the will of the people to develop jare!
lexy2014:


how did you come to the conclusion that "In this modern age, size no matter at all"?

bros pls read again and take note of the verb "harness".



the countries you mentioned, did they automatically become what they are just because they are small?

are those the only small countries in the world?

pls what is the population of Gabon or The Gambia and why are they not richer than Israel if its strictly about size?

why are Sao Tome and Principe, Mayotte, Cape Verde, Reunion, Comoros, Djibouti, Eswatini, Mauritius, and Equatorial Guinea richer than Nigeria because they are small?
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by lexy2014: 12:35pm On Dec 30, 2023
Fizalis:
I said size no matter at all, it's the people's will to develop their economy that matters for example Israel as small as it is has about 1 scientist to 100 persons. How many Nigeria get?

Israel scores higher than even a very big America in the innovation index!

What matters is actually the will of the people to develop jare!

that is not what I asked you:

1. how did you come to the conclusion that
Fizalis:
In this modern age, size no matter at all!

2. bros pls read again and take note of the verb "harness".

it is if properly harnessed . in Nigeria's case, it is not being properly harnessed cos the men at thee top dont give a damn. the only size that matters to them is the size of what they can steal.

3. the countries you mentioned, did they automatically become what they are just because they are small?

4. are those the only small countries in the world?

5. pls what is the population of Gabon or The Gambia and why are they not richer than Israel if its strictly about size?

6. why are Sao Tome and Principe, Mayotte, Cape Verde, Reunion, Comoros, Djibouti, Eswatini, Mauritius, and Equatorial Guinea richer than Nigeria because they are small?
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Floky215: 12:38pm On Dec 30, 2023
UncleKoboko:
TINUBU SEEMS TO BE VERY FOOLISH AND INCOMPETENT FOR ALLOWING HIMSELF TO CONTINUE IN THE MESS, CORRUPTION AND SHADY ACTIVITIES OF THE NNPC.

That subsidy removal messed everything up.
For more than 30 years now, Nigeria has been been feeding:
Benin republic
Togo
Niger
Cameroon and EVEN GHANA to some extent with our cheap CRUDE OILS, especially petrol.

Why would Tinubu agree to effect the removal of the petrol when he knows the effect it will have on our economy?
BUHARI THE MOST USELESS, OLD FOOL, CORRUPT AND EVIL PRESIDENT NIGERIA EVER HAD REMOVED IT BUT COULDN'T EFFECT IT IN HIS REGIME. HE USED IT TO SET TRAP FOR TINUBU AND TINUBU FELL FOR IT.


How can you remove fuel subsidy when you don't have a functional refinery yet?
You still spend 70% of our total revenue on oil importations, what sense does that make.

Imagine ordinary CFA cefa now x2 of naira in strength!
What a big shame.

What do you expect from a criminal drug dealer...?

If anybody is expecting anything good from the idiot, then he or she should better get his or her brain checked...!!

Don't be surprised, he and his gang of bandits would not finish the constitutional cycle before the country crashes on their bloody head....!!

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Obainoman6: 12:39pm On Dec 30, 2023
AqualinaXYZ:
Tinubu is the most useless and foolish non living thing alive




I pity una

I agree with you, my brother
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by muykem: 12:44pm On Dec 30, 2023
01Deji:
It's just unfortunate where we found ourselves as the most population black nation

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That's a good development bro. It will encourage more people to go to farming.

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by FreeStuffsNG: 12:48pm On Dec 30, 2023
KEVIND:

Size is not strength
If it's not strength then Nigeria will not be the largest economy in Africa and these neighbouring countries will not be now depending on Nigeria for food.

In farming, more hands are needed for farming so much that countries like Isreal, US etc actively recruit migrants for their farms as a matter of national policy. They should have just waited if population strength doesn't matter.

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by johnog4sure: 12:50pm On Dec 30, 2023
Nazgul:

Lol...you go wait taya.

They know that the 50% discount is a scam that's why they're all silent. Most of them must have secretly gone to these parks to inquire just for propaganda purposes, on hearing that the buses are still charging their normal inflated prices, they left in shame and kept quiet.

If the 50% discount was real, Tinubu's e-rats would have painted the who social media with videos of passengers confirming that they paid 50%. This announcement is as fake as the Nigerian air that was unveiled few weeks to the end of Buhari's administration. Just lies upon lies. That's what APC has been feeding us with since 2015.
I have come to realize that most people who supported and still supporting Tinibu, are people who are not moving forward and has vowed not to let others move forward as well, crab mentality, but as usual, it results in them getting lost in oblivion

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by NICEEY: 12:50pm On Dec 30, 2023
tctrills:

In this case, your weak currency is causing inflation.
Nigeria was not producing enough food for it's population but now we are sharing it with our neighbors. Prices would go up in our local markets.

Nigeria can actually provide enough food for itself, but insecurity is to be dealt with first. These babdits are trying to stop farmers from farming until they pay them. But upon all these, more and more youths are going into farming.
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by NICEEY: 12:52pm On Dec 30, 2023
sanya4good:
The Nigeria government through our Custom should be collecting duties from the foreign merchants to discourage them from plundering on the nation's agric produce.

You have a point, it should be done till when Nigeria is safe for farmers. For this country to move forward, insecurity must be dealt with first.
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by nairalanda1(m): 12:52pm On Dec 30, 2023
FreeStuffsNG:
If it's not strength then Nigeria will not be the largest economy in Africa and these neighbouring countries will not be now depending on Nigeria for food.

In farming, more hands are needed for farming so much that countries like Isreal, US etc actively recruit migrants for their farms as a matter of national policy. They should have just waited if population strength doesn't matter.

The farming they do in Israel, US, and so forth is mostly mechanzied. Even dairy and polutry farming is heavily mechanzied. They no longer use hands to milk cows for example.It's all machine done.

Yes, they hire help from overseas, but it is for certain crops that need to be harvested by hand. Like oranges in the USA for example.

I would love to blame your APC for this matter, but to be frank, here in Nigeria, if government supports large scale mechanzied farming, we might end up putting a lot of small scale farmers out of work. On the other hand, if we want food security, we need some improvement in large scale mechanized farming. Whoever rules Nigeria, e go hard to balance am.

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by chigo32: 12:53pm On Dec 30, 2023
You have a point there, production in every aspects of our life is the key to our failing economy. The reason why we buy many products from China is because we don't produce anything that we use, not because of China currencies . China currencies to naira is high, so production is the key as u said early
Kukutenla:

That's one way to look at it.
It depends on how the handlers of the economy react to this news.
You can easily afford Chinese goods due to their low currency.
What we need to do is ramp up production of those goods in high demands thus gaining more forex from the sale. This will in turn help our currency and our farmers as well.
As for the local economy, an increase in production will also help crash the price of those goods.
So it's about how govt responds to this heads up. If they sit idly by instead of stepping up availability of farm inputs, then your fears might become reality
Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Gerrard59(m): 1:01pm On Dec 30, 2023
This is a very good news! It reminds me of Emi Lokan's statement about the farmers making money. cheesy

As it is, there is a sure market, aka high and constant demand, for farmers who cultivate the mentioned crops in the article. This demand should/would propel increased cultivation and attract new entrants as the price entices them. See why the naira has to be low? Hopefully, the security situation gets better to secure their harvests.

Great! God bless capitalism!

2 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Gerrard59(m): 1:04pm On Dec 30, 2023
tctrills:

In this case, your weak currency is causing inflation.
Nigeria was not producing enough food for it's population but now we are sharing it with our neighbors. Prices would go up in our local markets.

What is the solution if prices increase in our local markets? Isn't it cultivating more crops to satisfy the demand? Or are you saying Nigerian farmers should not sell their produce to the highest bidders regardless of nationality?

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Gerrard59(m): 1:06pm On Dec 30, 2023
tctrills:

Oga you are not very intelligent.
Now I will try to school you but I am sure it's a waste of time.
In 2020, 1000 naira was equal to 1400 cfa but now, 1800 naira is equal to 1000 cfa.
So yes, Nigerian produce are now very cheap for other countries. But again because you are not producing enough for your local market, you are facing a good shortage leading to an inflation in local prices.
Only an idiot thinks this is great news.
So just imagine you have just a bowl of garri to feed your family of 10 but then you are force to sell it. That's an over simplified way of explaining it to you.

But this is an opportunity for new entrants to enter the industry to cultivate and harvest more crops. How is it a bad thing? Should Nigerian farmers refuse to sell their produce to the highest bidders? Must their buyers be fellow Nigerians? Why not advocate for more farmers and larger farmlands? Why try to restrict who and at price Nigerian farmers sell their harvests to?

3 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Gerrard59(m): 1:10pm On Dec 30, 2023
chigo32:
I don't know why some people are so draft, see this is bad. The prices of this products are too high for the citizens of Nigeria to buy, which made other countries with high currencies to change their currencies to naira that had no value. They made much gain from the business while we loss, so it is a big win for them and a big loss for us.

Why do you want to restrict who and at what price Nigerian farmers should sell their harvests to?

2 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by Gerrard59(m): 1:11pm On Dec 30, 2023
sanya4good:
The Nigeria government through our Custom should be collecting duties from the foreign merchants to discourage them from plundering on the nation's agric produce.

You want the naira to grow, you want Nigeria to export more goods YET you are against farmers selling their produce to FOREIGN merchants?

2 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by FreeStuffsNG: 1:12pm On Dec 30, 2023
nairalanda1:




.
Smh. You are looking for who to blame as usual and deviated from acquiring the right knowledge and education.

Don't waste your time on finding who to blame for your failures.

Back to agriculture, mechanized farming is done in Nigeria too. That's why the farmers output have increased. Nigeria equally produce fertilisers and even export fertilizers which has helped us greatly.

Commercial farming is not the same as mechanized farming. Mechanized farming is just part of commercial farming. Commercial farming requires a whole lot of hands!

For weeks now that most of the migrants Isreal aggresively import from other countries have fled, Israel farmers have been begging volunteers to come help them on the farms to reduce the huge wastage. US built what it today use to deceive you as successful mechanized farming on the sweat of slaves, trafficked humans and migrant farm hands locked up in shelters.


China and India are the biggest producers of a lot of agricultural produces today because of their huge population. Really successful commercial farming need huge population. Where there's huge population there's successful commercial farming.

Same reason why the Northerners are more successful in commercial farming than southerners and the Yoruba, the only majority tribe in southern Nigeria, more successful in commercial farming than other tribes in southern Nigeria. Oyo state for years continue to dorminate cassava etc. Even cocoa, kolanut, oranges etc dominated by the Yoruba farmers.

2 Likes

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by nairalanda1(m): 1:13pm On Dec 30, 2023
FreeStuffsNG:
Smh. You are looking for who to blame as usual and deviated from acquiring the right knowledge and education.

Don't waste your time on finding who to blame for your failures.

Back to agriculture, mechanized farming is done in Nigeria too. That's why the farmers output have increased. Nigeria equally produce fertilisers and even export fertilizers which has helped us greatly.

Commercial farming is not the same as mechanized farming. Mechanized farming is just part of commercial farming. Commercial farming requires a whole lot of hands!

For weeks now that most of the migrants Isreal aggresively import from other countries have fled, Israel farmers have been begging volunteers to come help them on the farms to reduce the huge wastage. US built what it today use to deceive you as successful mechanized farming on the sweat of slaves, trafficked humans and migrant farm hands locked up in shelters.


China and India are the biggest producers of a lot of agricultural produces today because of their huge population. Really successful commercial farming need huge population. Where there's huge population there's successful commercial farming.

Same reason why the Northerners are more successful in commercial farming than southerners and the Yoruba, the only majority tribe in southern Nigeria, more successful than other tribes in southern southern Nigeria. Oyo state for years continue to dorminate cassava etc. Even cocoa, kolanut, oranges etc dominated by the Yoruba farmers.


Okay, APC, and PDP BOTH messed up agriculture in Nigeria.

You can now rejoice. I have given you what you want, meanwhile you have missed what I had for you.

But then again, like most people on this site, you hear what you want to hear.

1 Like

Re: Naira Devaluation: Neighbouring Countries, Others Feast On Nigeria’s Cheap Grain by NICEEY: 1:16pm On Dec 30, 2023
This is actually both good and bad news at thesame time. The good news is that farmers with huge pile of farm produce will make a lot of money. A good example is a person who grows seasam, once you are farmer of seasam believe me or not you are automatically rich. Just have it in surplus. So truth now is that you cannot be poor anymore as a farmer except you don't have farm produce to sell.

Then the bad news is that food is not even enough for Nigeria and we are selling it to outsiders. This can cause shortage of food, there is shortage of food already and we are now exporting what remains aaaaah. Another thing is insecurity, many people want to farm but bandits are stopping them. I was in Zamfara few yeras back and It was such a pity to see rich farmers turned beggers because of bandits. Same thing is happening now in Niger state. People want to farm but can't. So it's now on government to tackle insecurity with all it's might.

Nigeria is capable of feeding itself if farmers have the chance. If there is enough food, we won't even care weather someone exports it or not. Just same case as the way China is handling it's economy. And in this case the farmer would make a lot of money and this will motivate others to go into farming. And all these would inturn diversify Nigeria's economy automatically from depending on oil alone also making industrialization possible on a large scale.

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