PapaBrowne:
Pretty good news. I hope those pouring so much pesticides to preserve beans can finally stop the nonsense.

I had an export request for 10 containers of beans but had to turn it down due to the ban.


Truth be told, because of the weak naira, it is increasingly becoming attractive for export$. The problem is we have a government that barely understands that there can be benefits from a weak naira.
Let me just give an example using say a bag of Dangote cement. Let's assume the price of a bag of Dangote cement is N2000. When the exchange rate was 200 Naira to the $, that bag of cement would be equivalent to $10. At the current rate of of N450 to the $, that same bag of cement is less than $5. That means Dangote cement would become attractive in countries Where cement sells at $10. So Dangote can set his export price at $7 and his product would be really attractive despite his making a $2 premium.

BlackMbakara1:
Please EU ban us, we don't have it sufficient as it's not cheap.

princetom1:
Please make dem ban us o. Nigeria is the worstest place to use market forces to determine price.

BIDOO:

my question: how in return will the masses benefit from this? This is gross miscalculation

blackpanda:


Higher demand for dangote cement. More foreign currency flowing into nigeria. Dangote will have to employ more nigerian youth for production. Dangote will make more money so he will pay more tax, which also makes nigeria richer etc. The benefits are huge!

well i believe you are saying this base on paper work not in reality ! Are you kidding me? , Don't you know that those business men you see up there ain't loyal to tax payment? That is where they enrich themselves the more! Mention any european country you know that have ever place an order for dangote cement? Or our neibouring

blackpanda:
[s][/s]


Enemies of progress!

blackpanda:


Higher demand for dangote cement. More foreign currency flowing into nigeria. Dangote will have to employ more nigerian youth for production. Dangote will make more money so he will pay more tax, which also makes nigeria richer etc. The benefits are huge!

well i believe you are saying this base on paper work not in reality ! Are you kidding me? , Don't you know that those business men you see up there ain't loyal to tax payment? That is where they enrich themselves the more! Mention any european country you know that have ever place an order for dangote cement? Or our neighbouring country that are suffering from currency devaluation you expect to make such order?

PapaBrowne:
Pretty good news. I hope those pouring so much pesticides to preserve beans can finally stop the nonsense.

I had an export request for 10 containers of beans but had to turn it down due to the ban.


Truth be told, because of the weak naira, it is increasingly becoming attractive for export$. The problem is we have a government that barely understands that there can be benefits from a weak naira.
Let me just give an example using say a bag of Dangote cement. Let's assume the price of a bag of Dangote cement is N2000. When the exchange rate was 200 Naira to the $, that bag of cement would be equivalent to $10. At the current rate of of N450 to the $, that same bag of cement is less than $5. That means Dangote cement would become attractive in countries Where cement sells at $10. So Dangote can set his export price at $7 and his product would be really attractive despite his making a $2 premium.

princetom1:
Please make dem ban us o. Nigeria is the worstest place to use market forces to determine price.

MrMcJay:


You should be sacrificed to appease the god of foolishness.

passyhansome:


WHO WAS YOUR ENGLISH TEACHER, I NEED IS URGENT ATTENTION

BIDOO:

well i believe you are saying this base on paper work not in reality ! Are you kidding me? , Don't you know that those business men you see up there ain't loyal to tax payment? That is where they enrich themselves the more! Mention any european country you know that have ever place an order for dangote cement? Or our neighbouring country that are suffering from currency devaluation you expect to make such order?

BlackMbakara1:


I thought is when you have enough to eat before you give out. Meaning supply outweighing demand which automatically crashes the price or you choose not to be rational? I support anything that will move the country forward but will not be hypocritical...

blackpanda:


Either you didnt read the earlier post or you are simply just not intelligent. Dangote was used as an example to explain the benefit nigeria can gain from a low value naira-dollar. Ok. Try to read, slowly.

BIDOO:

oh my goodness, intelligent my foot, what are You blabbing about, you cited him as an illustration and i picked you up. So what the hell are you instigating? If not him mention any business associate around you that can effect the flow.

blackpanda:
[s][/s]


Please ehn, just shut up.

Haha, it really pained this guy sha , he bite more than he can chew

BlackMbakara1:
Please EU ban us, we don't have it sufficient as it's not cheap.

passyhansome:


WHO WAS YOUR ENGLISH TEACHER, I NEED IS URGENT ATTENTION

PapaBrowne:
Pretty good news. I hope those pouring so much pesticides to preserve beans can finally stop the nonsense.

I had an export request for 10 containers of beans but had to turn it down due to the ban.


Truth be told, because of the weak naira, it is increasingly becoming attractive for export$. The problem is we have a government that barely understands that there can be benefits from a weak naira.
Let me just give an example using say a bag of Dangote cement. Let's assume the price of a bag of Dangote cement is N2000. When the exchange rate was 200 Naira to the $, that bag of cement would be equivalent to $10. At the current rate of of N450 to the $, that same bag of cement is less than $5. That means Dangote cement would become attractive in countries Where cement sells at $10. So Dangote can set his export price at $7 and his product would be really attractive despite his making a $2 premium.

This same narrative applies to literally all products whose entire inputs are locally sourced.
The big benefit of this is increased production which would automatically translate to more jobs. The other big benefit is increased Forex which should help stabilize the fluctuating Naira. Take note, I said stabilize, not strengthen.

The problem though is we have a direction less government that has no understanding of even the most basic form Of rudimentary economics.



But the sad reality is we

PapaBrowne:
Pretty good news. I hope those pouring so much pesticides to preserve beans can finally stop the nonsense.

I had an export request for 10 containers of beans but had to turn it down due to the ban.


Truth be told, because of the weak naira, it is increasingly becoming attractive for export$. The problem is we have a government that barely understands that there can be benefits from a weak naira.
Let me just give an example using say a bag of Dangote cement. Let's assume the price of a bag of Dangote cement is N2000. When the exchange rate was 200 Naira to the $, that bag of cement would be equivalent to $10. At the current rate of of N450 to the $, that same bag of cement is less than $5. That means Dangote cement would become attractive in countries Where cement sells at $10. So Dangote can set his export price at $7 and his product would be really attractive despite his making a $2 premium.

This same narrative applies to literally all products whose entire inputs are locally sourced.
The big benefit of this is increased production which would automatically translate to more jobs. The other big benefit is increased Forex which should help stabilize the fluctuating Naira. Take note, I said stabilize, not strengthen.

The problem though is we have a direction less government that has no understanding of even the most basic form Of rudimentary economics.



But the sad reality is we