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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Border Closure Hits Hard On India, Thailand Others (51371 Views)
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Nigeria’s Border Closure Hits Hard On India, Thailand Others by wwwihy: 2:57pm On Oct 23, 2019 |
Nigeria’s border closure is hitting hard on India, Thailand others The rice exporting countries are heavily reliant on the Nigerian market Reports say the wholesale price of top exporting countries fell on product glut resulting from a decline in exports A report by Business Day indicates that the closure of Nigeria’s land borders aimed at curbing smuggling activities, especially of rice, has taken a toll on rice-exporting countries. According to the report, the price of the commodity dipped by a joint 46 percent in one month in countries like Thailand and India. President Muhammadu Buhari had on Wednesday, August 21, ordered the closure of the Seme border. Between that period and September, the wholesale price of the broken parboiled rice, the species in top exporting countries fell on product glut resulting from a decline in exports. In India, the wholesale price dropped from $0.64/kg in August to $0.40/kg as at 30 September of this year. In Thailand, the price of the commodity declined by 9.2 percent in the review period. Data from both Thailand and India, which previously accounted for up to 90 percent of Nigeria’s rice imports, show legal imports to the country have declined at the same time. Meanwhile, there are fears that Nigerians may buy a 50kg bag of rice for as high as N50,000 in December 2019 if the land borders remain shut by the federal government. Already, the price of rice by 86% to an all-time high of N27,000 per 50kg from N14,500, an indication that local rice farmers do not currently have the capacity to meet local demand in the country. Read more: https://www.legit.ng/1263787-nigerias-border-closure-hits-hard-india-thailand-others.html 27 Likes 3 Shares
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Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by odave: 3:03pm On Oct 23, 2019 |
Don't forget to add Nigeria too 93 Likes 12 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by Nobody: 3:04pm On Oct 23, 2019 |
And ordinary Ghana dey here dey insult us. 101 Likes 4 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by Afamed: 3:05pm On Oct 23, 2019 |
odave:it only hits hard on the smugglers in Nigeria. Genuine investors are smiling to the banks 231 Likes 13 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by odave: 3:07pm On Oct 23, 2019 |
Afamed: No one is disputing that fact. What I mean is the Nigerian comsumers. The government did the right but it's hitting hard on us consumers too. No need to pretend here. I will miss those rice 90 Likes 5 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by omoiyamayor(m): 3:10pm On Oct 23, 2019 |
Are you sure 1 Like |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by nairalandankrah: 3:10pm On Oct 23, 2019 |
Ok |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by nakaman: 3:12pm On Oct 23, 2019 |
so this country is this powerful 89 Likes 5 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by Afamed: 3:16pm On Oct 23, 2019 |
odave:My brother no pain no gain. If ordinary foods items( Rice and Chicken) at this 21century, we are still relying on importation, then I think our existence as a nation is threaten. 360 Likes 31 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by odave: 3:22pm On Oct 23, 2019 |
Afamed: Abeg what's so difficult for Nigeria farmers to get a better seed from wherever they can, plant here, parboil and give us good rice? Everything na rocket science for naija. Imagine using local rice to make fried rice, lol 132 Likes 9 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by MZEE01: 3:42pm On Oct 23, 2019 |
Now I can understand why Thailand was asking us a few days ago to open our borders. I thought geography has changed and Nigeria is now sharing borders with Thailand and India. My understanding of map reading in secondary school days is still valid. 145 Likes 10 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by DBossNG(m): 3:42pm On Oct 23, 2019 |
NIGERIA!!! 4 Likes 1 Share |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by mjaylala(m): 3:42pm On Oct 23, 2019 |
#borderclosure it's the best policy Buhari regime has made so far..... Nigeria can't be a dumping ground for all. Na south Africa I dy wait for to start complain that one go sweet me die 87 Likes 3 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by Ade24682: 3:43pm On Oct 23, 2019 |
Even God knows the local farmer won't meet demands. 3 Likes |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by okeyumez(m): 3:43pm On Oct 23, 2019 |
Big countries adopted this measure before they became strong Nations Let us make sacrifices now and build our nation and stop lamenting Buhari is right this time Let the idiotic, hypocritical Igbos keep lamenting Nigeria must get better 121 Likes 5 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by Teewhy2: 3:43pm On Oct 23, 2019 |
Meanwhile, there are fears that Nigerians may buy a 50kg bag of rice for as high as N50,000 in December 2019 if the land borders remain shut by the federal government. Already, the price of rice by 86% to an all-time high of N27,000 per 50kg from N14,500, an indication that local rice farmers do not currently have the capacity to meet local demand in the country. Local man is tayed. 2 Likes |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by DBossNG(m): 3:43pm On Oct 23, 2019 |
Osinachi1: Sincerely, we do not know our worth. 57 Likes 6 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by Jeezuzpick(m): 3:43pm On Oct 23, 2019 |
So the latest news is that our border closure is creating a global butterfly effect. Asian countries are now being hit hard. India? Thailand? If we're buying so much rice, what percentage of the rice we're consuming are we really producing locally? 40 Likes 1 Share |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by Honor10: 3:43pm On Oct 23, 2019 |
And this news they sweet my belle, one of the time u are proud to be a nigerian. God bless Nigeria 82 Likes 7 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by oridency(m): 3:44pm On Oct 23, 2019 |
Halla Nigeria 11 Likes 1 Share |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by shehuanas: 3:44pm On Oct 23, 2019 |
[color=#990000][/color]Carry go Hamidu Ali never open d border till eternity 3 Likes |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by tony1918(m): 3:44pm On Oct 23, 2019 |
A bag of imported Rice sells for 15k and local rice sells for 12k before the border closure ..After the closure the local rice the poor masses are meant to buy sell for as high 18k and the imported now sales for 25k..Please what is the gain of the Poor Masses in the border closure 31 Likes 4 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by udoekere: 3:44pm On Oct 23, 2019 |
i love you buhari,infact if you were still young i wouldn't mind giving you ma daughter to marry.you are the best president in the history of Nigeria,i pray that your heart may be harden like that of pharaoh.AMEN 21 Likes 3 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by sammyj: 3:44pm On Oct 23, 2019 |
To me this is one of the good policy this government has ever implemented!!! 22 Likes 1 Share |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by shfizle(m): 3:45pm On Oct 23, 2019 |
wwwihy: Added a little scaremongering at the end. 50000 kó 1 million ni. The border is shut, and it shall remain shut by God's grace! 43 Likes 5 Shares |
Re: Nigeria’s Border Closure Hits Hard On India, Thailand Others by pek(m): 3:45pm On Oct 23, 2019 |
It is not rocket science. Nigeria is a big market cause of her population. 22 Likes 3 Shares |
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