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Nairaland Forum / Nairaland / General / Politics / Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement (17306 Views)
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Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by bettercreature(m): 9:04am On Oct 15, 2018 |
SarkinYarki:The policy will not benefit Nigeria especially our port,cheap product from other african countries esp from china will flood Nigeria. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by olalat(m): 9:04am On Oct 15, 2018 |
SarkinYarki:I disagree on the aba made shoe point. They need to get more organized to be able to tap exportation potentials. How much of ECOWAS market have they explored if you doubt my assertion. AFCTA is an expansion of ECOWAS idea. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by kmaster007: 9:07am On Oct 15, 2018 |
God bless pmb |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by SarkinYarki: 9:11am On Oct 15, 2018 |
bettercreature: Are cheap products from China not already flooding our ports .... Just admit that Buhari is clueless jare |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by ladman(m): 9:11am On Oct 15, 2018 |
SarkinYarki: I suspect you might say that but ask yourself, have these companies been able to fully supply the Nigerian market? Can they compete with other countries where power and cost of production is lower than Nigeria? Are Igbos not members of MAN and the organised private sector who oppose AFCTA? I do not know if you played the tribalist card but your argument that the president's refusal is targeted at the southeastern manufacturing hub leans towards it. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by jomoh: 9:11am On Oct 15, 2018 |
speedyGonzales: My brother I beg to differ. Why is Russia not part of the EU? why is Donald trump pulling out of most trade agreements? Simple answer= POPULATION and WEALTH Russia has the population and purchasing power that can make the country a dumping ground for everything produced in other small European countries. Making their country’s industries vulnerable to unfavorable competitions. Same with US. Donald trump is pulling out of trade agreements and telling the companies that if they want to sell to the US market, they should come into the country and produce in the country. Even Canada and Mexico are not left out. Nigeria is like the US and RUSSIA. We have the population and purchasing power to buy all what the other African “produce”(import from other countries). The question is do they have the purchasing power to buy what we are producing. When you have the kind of population Nigeria has you don’t rush into trade agreements. 1 Like |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by ladman(m): 9:13am On Oct 15, 2018 |
olalat: Why are we talking about exports when we have not successfully dominated our own environment? |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by bettercreature(m): 9:15am On Oct 15, 2018 |
SarkinYarki:You think so but hell NO! they are still expensive compared to other countries,our import duties are too high.Obasanjo got paid believe it! approving it will kill local industries |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by Nfora: 9:18am On Oct 15, 2018 |
''But Sani explained that the idea would have made more sense if African countries were producing what they consume and not importing from Asia, Europe and America. The lawmaker tweeted on Sunday night, “The African continental free trade is a great idea if African states are locally producing and not importing goods from US, Europe and Asia.'' These two paragraphs sum it up! Any other argument is just playing to the tide of anti- Buhari. In addition,Nigeria would be the worst hit,being the largest African Market! |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by Nobody: 9:29am On Oct 15, 2018 |
Mynd44:which will make goods cheaper right |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by Nobody: 9:30am On Oct 15, 2018 |
speedyGonzales:but you miss out the main point in shehu sanis statement ' African countries do not produce locally' other trade deals you mentioned were between countries that produce locally . |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by enigma2007(m): 9:31am On Oct 15, 2018 |
SarkinYarki: Sadly... African countries are not manufacturing the goods themselves and Nigeria will turn to a dumping ground. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by Nobody: 9:34am On Oct 15, 2018 |
Caseless:its not even that they leave their brains at home. what you see them type here is done with their brains intact. just that the brain capacity is too low |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by olalat(m): 9:39am On Oct 15, 2018 |
ladman:.Toh. Reason Mr President withheld his assent to the deal. We don't need to.open our market to all sorts of goods our local industries straggle to produce here. Trump is protecting American companies right now despite the advancement of America economy. Our case can't be different. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by godox2(m): 9:41am On Oct 15, 2018 |
Racoon: Thank God Buhari had a certificate, what about your hero Adeleke with one F9 and absconded from the other subjects |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by billyG(m): 9:52am On Oct 15, 2018 |
speedyGonzales:Mr renowned economist how have Nigeria & d rest of Africa benefited from all d agreements they sign in d past? |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by speedyGonzales: 9:58am On Oct 15, 2018 |
jomoh: Russia is a traditional enemy of the west, due to the cold war, so they don't allow Russia to be a part of it. But Russia has free trade agreements with former USSR state Currently nine countries (Russia, Belarus, Ukraine, Moldova, Tajikistan, Armenia, Kazakhstan, Kyrgyzstan, and Uzbekistan) from the Commonwealth of Independent States (CIS) ratified a Free Trade Agreement (FTA), which provides the free movement of goods within the territory of the member states. However, the ongoing conflict between Russia and Ukraine has resulted in a severe disruption of trade between the two countries. For Donald Trump, his strategy was to renegotiate a new trade deals to be more favorable to the US, because USA being the bigger country with the bigger market and economy has more power in the agreement. He has now finished renegotiating it. it is now called USMCA, it is mostly the old NAFTA agreement with a few minor changes. Conservative Leader Andrew Scheer is opening a new front in his party’s fight against the revamped NAFTA deal, saying he would have done better than Justin Trudeau. Finally, if Nigeria is to become the giant of Africa then Nigerian influence must be felt in every corner of Africa, through trade and exporting our culture. The only part to wealth for Nigerians is through trade. And we have our population and large economy as leverage over every other country in Africa. So we can negotiate against what we don't like. Read about the Austrian School of economic, if you are interested in the theory of how countries get rich. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
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Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by speedyGonzales: 10:08am On Oct 15, 2018 |
silastemplar: what does mexico produce locally? compared to the USA and Canada Nigeria does produce but no market to sell to, so business fails, especially in Africa. Nigeria should negotiate against buying of goods from china a reselling because Nigeria has the biggest economy in the AU, it is the leverage we have for negotiation. Also, remember we live is a global world companies move up and down, looking for the best country to set up, produce and export from, this creates employment and tax revenue. Nigeria with large population and proximity to sea, strong financial institutions and economy is a benefit. compared to the rest in Africa. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by speedyGonzales: 10:19am On Oct 15, 2018 |
billyG: I am interested in economics because I am interested in making money. How many have Nigeria agreed on and implemented? Why are all this other more successful countries, so interested in it, if it is nonsense? Okay, look at a small country like Singapore (population and land wise), why is it so successful? Why is Rwanda's economy, booming today? well, their president took time to travel the world and learn how other countries previously poor, managed to become rich, by implementing those policies that country is the second fastest growing economy in the world today (No oil). Come on man, do the research. I am not an economist but this is the science of how to make money and I am not willing to take last in making money. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by Nobody: 10:46am On Oct 15, 2018 |
speedyGonzales:mexico has the sixth largets electronics market and the second largest exporter to america. More automobiles are produced in mexico than any other North american country. coming to Nigeria, i cant say i have followed all that free trade story closely but shehu sanis point makes sense. I doubt pmb has totally turned his back on the deal though, definitely if there is reason to change his position he sure will. i also know baba can be slow |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by speedyGonzales: 10:57am On Oct 15, 2018 |
silastemplar: The US economy is 9 times bigger than Mexico's economy, but America is still entering a trade deal with them. I don't think he has abandoned it too, but going slow is not a good thing either. Nigeria should be taking charge because by virtue of our economy and population. Especially within West Africa, ECOWAS, should be our home market, and all the wealth will move to Nigeria and the very poor people will move to other smaller African Countries. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by jomoh: 11:26am On Oct 15, 2018 |
speedyGonzales: Enemy or not doesn’t affect trade agreements it only limits it to a few extent. China has never been totally pro west but that doesn’t affect their trade agreements until recently when trump decided to start a trade war with them cause he knew they have a far superior purchasing power and the cheaper Labour cost in China will see companies favoring production in China over production in the US. Poverty may be high in Nigeria because of the ratio of our population to our revenue but Nigeria still have a far superior purchasing power and a far more expensive Labour force compare to most other African countries. Also like Sheu pointed out, I also did I’m me comment when the issue of this africa free trade first came up, most of these African countries don’t produce what they export. They import from Europe. Nigeria will invariably and unfavorably be competing with European products. Presently we are surrounded by francophone countries none of which produces anything they use. We have Innoson Motors that produces new cars while Cotonou has a port that imports European cars at a far cheaper a rate than Innoson can presently offer. So who will be at loss in the long run? Presently our locally produced rice is still more expensive than the imported ones mostly from Cotonou and Niger(despite not having a sea port). Will our local rice farmers be able to compete with this imported rice in the long run? No. This trade agreement has no single benefit for Nigeria at the moment. Until we can produce more than we can consume that it’s when we can open our borders for outsiders. More than 80% or SAs consumption is produced in SA with higher standard. Even more than they can consume so they have the confidence that litttle or no African country can compete with their products. That is why they opened up their borders. If anyone can name 50 Nigerian products that cannot be rivaled by anyother African product then I will be convinced that we should join but for now it’s a capital NO. On the issue of US. You could see that the word free trade has been removed. Meaning it is no more free. It’s is now a more balanced trade where you scratch my back I scratch yours. If nigeria is to be the giant of africa, it’s presence has to be felt in every corner. Agreed. But the pertinent question is that is the presence being felt in every corner within the country itself before we start exporting? We need to produce more than we can consume before we can open up our borders to any free trade. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by k2money(m): 1:13pm On Oct 15, 2018 |
[color=#990000][/color]How can Buhari sign it when he have no iota of experience on how the economy works.A man with F9 in Economics & Maths? Believe me he will only sign whatsoever that have to do with cattle/fulani & corruption.[/quote] you as an educate man with A1 in Economic, are you going to sign? |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by QuestionMark910: 1:17pm On Oct 15, 2018 |
11Ebiscoo:Dubai hardly produces what is sold and consumed there. Yet Dubai earns foreign exchange as an international market. Lets say NO TO POVERTY. Buhari fought corruption. Great job. Now let him step aside and let Atiku FIGHT POVERTY. Say NO to POVERTY. Vote Atiku. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by k2money(m): 1:18pm On Oct 15, 2018 |
SarkinYarki: [color=#006600][/color] oga that agreement will weaken our Naira |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by SarkinYarki: 1:33pm On Oct 15, 2018 |
k2money: Is our Naira not complete weak already and needs to be artificially bolstered by the CBN weekly |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by ogunnoikitaiwo(m): 1:43pm On Oct 15, 2018 |
speedyGonzales:u av point but I disagree... look at all those Asia country u re saying dey av plan for them self export goods to make there economic growth.. if w continued to import and w don't export our economy w not growth..pls know this in mind all this Good's u re saying don't think Asia or EU want to help us..they re doing it for there countries benefit for there people not for others countries... so EU and Asia dey don't help Africans our next generation w still import goods from other country... pls think don't listen to all this politician dey know what is right...but only telling us advantage to gain crowd and vote for them...look at it are they telling us disadvantage of this... what president buari did for not signed is good... |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by k2money(m): 1:53pm On Oct 15, 2018 |
SarkinYarki A Wiseman that has thrown his country into recession twice and is just months away from his third recession.... let state the fact Buhari is a remarkably stupid man PDP put us in recession, they dont save for it and drop of crude price make many country go into recession. not only Nigeria, dont tell us what we know PDP agent |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by billyG(m): 8:03pm On Oct 15, 2018 |
speedyGonzales:Look broa economics don't teach u how to make money it teaches u how to manage scarce resources.Enteprenuership does. |
Re: Afcta: Senator Sani Speaks On Buhari’s Refusal To Sign Agreement by speedyGonzales: 5:18pm On Oct 16, 2018 |
billyG: well, as I see it, managing resources well is half of the effort... It is by no means the only thing I read to help me on my path. |
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