What was the essence of banning them at first.

eledalo:
Back and forth. Consistency in policy is key

Yep.

fake News

I thought the plan was to develop this country, give room for our own production? Why go backwards?

LionDeLeo:
Not good actually.

Items with indigenous substitutes should remain banned.

Employment generation things.

My thought though.

Imagine, lifting this ban after some individuals have committed some money into agriculture.

so u mean ụ like buying 1 paint of garri for 1k?

policy summersult
this APCS are bunch of confused and lying idiots can you imagine the sufferings and the p,ains these over
rated buffons caused nigerians and biafrans

Seun:
Yep.

enjoy the change you promoted

my people will still make money no matter were the economy swings.

LionDeLeo:
Not good actually.

Items with indigenous substitutes should remain banned.

Employment generation things.

My thought though.

Imagine, lifting this ban after some individuals have committed some money into agriculture.

Such protectionism is what is actually killing our industrial efforts ..I am of the school that local industries should be protected with lower taxes , cheaper loans rates and not banning foreign alternatives outrightly

This government sha.... when are they going to left the ban on rice. So the suffering and pain Nigeria passed through due to this ban in 4 nothing

Policy flip-flops, kalo-kalo system of governance... the hallmark of the Nigerian government under Buhari.

LionDeLeo:
Not good actually.

Items with indigenous substitutes should remain banned.

Employment generation things.

My thought though.

Imagine, lifting this ban after some individuals have committed some money into agriculture.

what were they thinking when they placed the ban.

not like they improved on anything. it was a grand plan to stifle the traders who 60% of them are from a region.

how e be them now.

mad people

ProfTea20:
silly news.

It should have read CBN lifts IMPORTATION ban on toothpicks, 47 others.

The ban was on importation to protect the Naira and not directly on forex. Besides, this does not have anything to do with forex deregulation.

Poor reporting.

And this your ogogoro explanation really helped

Nonsense was done and u still support it
You banned so that things that can be sourced locally should be produced so which one to protect the naira
So with this now how will they protect the naira
Will importers buy tooth pick in naira
Using ur brain is not so hard you know

They are simply trying to stabilize the fx market

Former pres. Jonathan economic blueprint has just been vindified.

deflover:



And this your ogogoro explanation really helped

Nonsense was done and u still support it
You banned so that things that can be sourced locally should be produced so which one to protect the naira
So with this now how will they protect the naira
Will importers buy tooth pick in naira
Using ur brain is not so hard you know

You are not making any sense
Try to comprehend what I wrote before commenting.

What exactly has this government achieved since they have returned to all the previous policies which they claimed were bad? 2 years of our national lives, have just been wasted.

If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 340/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 355/$ with fees and the exchange rate drops to around 316/$...

Hurry before it drops even further..

Contact in signature

Not sure about this.

ProfTea20:

You are not making any sense
Try to comprehend what I wrote before commenting.

Oga you wrote trash

how can this country develope wen items that have close substitute whic are suppose to banned are flowing in the economy palm oil for that mater wen we have farmers who have committed there funds to this and now the barn is lifted how do they expect local farmers to compete when will this country stop been a dumping ground I weep for this country

Splashme:
So, where is that gorilla from Ota Farm? What does he have to say?

I remember how Obasanjo insulted GEJ for allowing importation of toothpick

The man enjoys seizing every opportunity to insult GEJ.

Honestly, Jonathan is too humble for allowing Obasanjo to continue abusing him gleefully at every available opportunity. People will say seniority, but what sort of seniority is that? An old man that is refusing to respect himself.

You're sick.

LaDolceVida:
Someone please help me with my jamb form . its closing tomorrow and i haven't registered, please help a soul, on my knees its 5,000 1130567471 skye Bank no one has helped so far

Why not sale your phone and buy jamb form?

Confused government using our economy to play kalokalo
This try your luck government is in for a long thing

@Adesiji77 This is actually wrong as our weak foreign revenue will not be enough to service key sectors. Maybe CBN doesn't know that global oil has erased all its gains since OPEC reached consensus in November as at today. Meaning oil price is on its way to $45/barrel.

chloride6:


Oga you wrote trash

Not true. Explain to me how I wrote "trash"

LionDeLeo:
Not good actually.

Items with indigenous substitutes should remain banned.

Employment generation things.

My thought though.

Imagine, lifting this ban after some individuals have committed some resources into agriculture.

Policy somersault. That's why Nigeria cannot really develop. I expected such ban should be in place for at least 10-15 years to develop that industry. Really pathetic!!!

Cbn don misroad again
One step forward ten steps backwards

pokipoki:


Policy somersault. That's why Nigeria cannot really develop. I expected such ban should be in place for at least 10-15 years to develop that industry. Really pathetic!!!

Exactly.

Imagine, based on that policy (the ban), I'm quite sure some individuals had committed a lot of resources in different ventures, only for this bombshell.

what about rice. do they also lift ban on its importation.

one step forward and two steps backward.

ProfTea20:
silly news.

It should have read CBN lifts IMPORTATION ban on toothpicks, 47 others.

The ban was on importation to protect the Naira and not directly on forex. Besides, this does not have anything to do with forex deregulation.

Poor reporting.

The items were not banned but were restricted from officially assessing forex exchange to importing them. The restriction forced importers to start sourcing forex through parallel markets which ofcourse raised the demand for forex at the black market. Now that they have removed the restrictions, it then means that importers can once again officially apply for forex from the banks and not patronize the black marketers and of which they envisage to help crash the dollar rate. I hope you now understands how it relates

LionDeLeo:
Not good actually.

Items with indigenous substitutes should remain banned.

Employment generation things.

My thought though.

Imagine, lifting this ban after some individuals have committed some resources into agriculture.

You are 100% correct.