I just told you Nigeria import ban list exist to prevent the flooding of their market with things they produce best
It is always cheaper to import from China.
It doesnt mean you shouldn't set up local production to create jobs.

whiles you build fantasies on the theory that because it is cheaper to import from China, no one should produce for their local market.

jln115:

Actually you should of said jln115 has a point since the bolded is exactly what I said.

Just30 is claiming that Nigeria is still setting up industries costing an arm and leg to produce locally and on top of that importing cheaper products from China asell.

I said if it is cheaper to import then you won't produce locally... But if you decide to produce locally you will stop importing... Exactly like your rice example.

jln115:

Actually you should of said jln115 has a point since the bolded is exactly what I said.

Just30 is claiming that Nigeria is still setting up industries costing an arm and leg to produce locally and on top of that importing cheaper products from China asell.

I said if it is cheaper to import then you won't produce locally... But if you decide to produce locally you will stop importing... Exactly like your rice example.

Dont produce locally in SA to create jobs and see what those angry unemployed people will do to you and see if the market will still exist.

jln115:
I like the optimisim

dont just like it
fight for this



Gaining market share means you have to fight the economics war
It is more difficult now than when South Korea did it.

Just30:
It seems like you dont know basis economics
Deman and supply is determined by the market.

If you close your market, the demand still exist but not to supply from outside.
Have you seen what Trump is doing to ford. Produce outside and we will tariff you badly.

again you are not grasping
In every maket, there are two segment of people
The producers and the importers. you cant satisfy both of them at the same time.

Whichever way, every economy must protect it local production. but you cant eliminate import
To keep prices stable, supply is always more than demand in a certain ratio and when that ratio falls prices fall.

This is the real world of economics
forget your equilibrium textbook knowledge.

Bro I have a honours in accounting and I'm busy with my CFA... Believe me when I say this... I know more about economics than you.

Besides I wasn't debating what you are saying now at all.... . Infact some of what you are saying now is exactly what I said a Government must do to protect local producers.....here is my post from earlier :

jln115:


It's up to government to ensure that local production is cheap enough(through government support, infastructure and other policies) as well as ensuring that import products from countries like China are tariffed as to ensure fairness within the markets

Also Trump didn't suddenly ban imports from China.... He spent years creating policies to empower local producers before this whole trade war begun.

Where your mistake lies is thinking Nigeria is currently producing enough metals, machinery and textiles that exceeds demand when in reality it isn't because if it was then it wouldnt be importing as much of these products as it is now. Machinery, Textiles and Metals are Nigerias three single biggest imports........ That doesn't sound like a country that produces those things as well

Just30:
Dont produce locally in SA to create jobs and see what those angry unemployed people will do to you and see if the market will still exist.

I agree you have to produce locally hence why some of our imports are heavily tarriffed

Don't know why you are debating this topic

i dont have the time to waste

Ghanaian twitter is too sweet than this.

jln115:

Bro I have a honours in accounting and I'm busy with my CFA... Believe me when I say this... I know more about economics than you.

Besides I wasn't debating what you are saying now at all.... . Infact some of what you are saying now is exactly what I said a Government must do to protect local producers.....here is my post from earlier :

Also Trump didn't suddenly ban imports from China.... He spent years creating policies to empower local producers before this whole trade war begun.

Where your mistake lies is thinking Nigeria is currently producing enough metals, machinery and textiles that exceeds demand when in reality it isn't because if it was then it wouldnt be importing as much of these products as it is now. Machinery, Textiles and Metals are Nigerias three single biggest imports........ That doesn't sound like a country that produces those things as well

Just30:
i dont have the time to waste

Ghanaian twitter is too sweet than this.

Rather say you dont have the knowledge to debate this

Just30:
dont just like it
fight for this



Gaining market share means you have to fight the economics war
It is more difficult now than when South Korea did it.

I agree bro

jln115:
Just because you don't know about the SANDF aid mission in Mozambique, Lesotho, DRC and Malawi not to mention the aid missions outside SADC in Burundi, S. Sudan and CAR doesn't mean it didn't happen. The South African military is far more involved in non UN sanctioned aid missions across SADC than Tanzania is.

Thirdly South Africa is in the top 5 import Nations of every SADC country.... Not even 1 SADC country is in South Africas top 5 countries it imports from.

Also South Africa is a major contributer to all SADC country FDIs.... On the flip side SADC country make up very little of South Africas FDI.

And Swahili is only used because it has the most mutual intelligibility with other Souther African languages.... That's the only reason

Listen, I am not saying that South Africa doesn't have influence in SADC, what I am saying is that their are two prime way to spread influence, Harp power, such as Military and Soft power (culture, history, economy and diplomacy). Tanzania can use the later to influence SADC better than SA.

And when it comes to the point SA and Tanzania are competing for influence(That would never happen) SADC countries will tend to lean on to which county is a better friend and how will they stand to benefit. And with Swahili, that has been Tanzania's push for a long while. SADC has no benefit of adopting Swahili so they could have just said no.

just because we now produce more rice doesn't mean rice isn't still being imported. it's just that importers of rice through the ports no longer get cheap forex so they can make a killing locally. since they now source for their own forex it makes no business sense importing as much as they used to despite the fact that local demand for rice hasn't been met. with textiles access to forex has also been restricted https://nairametrics.com/2019/03/05/cbn-ban-forex-sale-to-textile-importers/

jln115:

Actually you should of said jln115 has a point since the bolded is exactly what I said.

Just30 is claiming that Nigeria is still setting up industries costing an arm and leg to produce locally and on top of that importing cheaper products from China asell.

I said if it is cheaper to import then you won't produce locally... But if you decide to produce locally you will stop importing... Exactly like your rice example.

actually petroleum products petrol, diesel, kerosene etc account for a lion share of what gulps our imports bills. machinery obviously we have some way to go in that respect due to metals. unfortunately we had a steel plant in a place called ajaokuta that was supposed to address that problem

jln115:

Bro I have a honours in accounting and I'm busy with my CFA... Believe me when I say this... I know more about economics than you.

Besides I wasn't debating what you are saying now at all.... . Infact some of what you are saying now is exactly what I said a Government must do to protect local producers.....here is my post from earlier :

Also Trump didn't suddenly ban imports from China.... He spent years creating policies to empower local producers before this whole trade war begun.

Where your mistake lies is thinking Nigeria is currently producing enough metals, machinery and textiles that exceeds demand when in reality it isn't because if it was then it wouldnt be importing as much of these products as it is now. Machinery, Textiles and Metals are Nigerias three single biggest imports........ That doesn't sound like a country that produces those things as well

samorobo:


Honestly they don't get it...I wonder the kind of eyes they used in look at that city ...

It baffles me that these kenyans are talking about slums and poverty when we all know nairobi is the world's largest slums. They're mad

Just30:
have you heard convenience and price advantage before?

Nigeria makes a lot of metals and textiles
The importation is just a means to kill local production by flooding the market with cheaper ones

Importation is driven by demand, not to kill local production. Your reasoning leaves a lot to be desired.

chrisooblog:
yeah just checked too mombasa port is such a beehive of activity

The joke is on you because Mombasa handles more cargo than any port in East, Central and West Africa. Lamu port which is bigger than anything in West Africa has also just been commissioned.

jln115:

Think logically for a second please!!! Why would anybody produce textiles in the first place, if it was cheaper for everybody to import it from China?? If Nigeria produced enough textiles then they wouldnt import it, if indeed textiles are cheaper to import then nobody would produce it,

It is impossible for Nigeria to locally produce enough textiles that meets(or as you say exceeds) demand yet then to import even more textiles from China because its cheaper..... What you are saying is economically(and mathematically) impossible,

Same goes for metals

And how would citizens kill local production? No sane person is going to buy the same product for twice the price just because its produced in their own country... It's up to government to ensure that local production is cheap enough(through government support, infastructure and other policies) as well as ensuring that import products from countries like China are tariffed as to ensure fairness within the markets

Lol

The guy doesn't know zilch about the economy or the concept of demand and supply. Don't waste your energy explaining the basics with him.

Just30:
can you imagine
today Chinese and Indians are producing Kente at low quality and flooding the Ghanaian market with their cheap product...

all because some few Ghanaian stole designs and went to give to them.

Don't be stupid. They are flooding the market because their products are competitive either in pricing or quality!

Mzal3ndo:

Listen, I am not saying that South Africa doesn't have influence in SADC, what I am saying is that their are two prime way to spread influence, Harp power, such as Military and Soft power (culture, history, economy and diplomacy). Tanzania can use the later to influence SADC better than SA.

And when it comes to the point SA and Tanzania are competing for influence(That would never happen) SADC countries will tend to lean on to which county is a better friend and how will they stand to benefit. And with Swahili, that has been Tanzania's push for a long while. SADC has no benefit of adopting Swahili so they could have just said no.

Let me simply respond to the bolded as I think it answers all the boxes.

If what you say does by some very impossible chance comes true and SADC has to choose between South Africa and Tanzania... I can guarantee you every single country would choose to side with SA... Not because SA is a better friend but simply the economic impact alone of not having South Africa as a trading and investment partner would be monumental!! Even Tanzania would not dare let that happen since SA is one of its biggest investors and 4th largest importer

chrisooblog:
actually petroleum products petrol, diesel, kerosene etc account for a lion share of what gulps our imports bills. machinery obviously we have some way to go in that respect due to metals. unfortunately we had a steel plant in a place called ajaokuta that was supposed to address that problem

Sorry meant to say 3 biggest imports from China.

Infact Nigerias single biggest import is refined petroleum..... Go figure

Machinery is second, Textiles 4th and metals 5th

gallivant:


Don't be stupid. They are flooding the market because their products are competitive either in pricing or quality!

go back and read the comment dumb dumb

gallivant:


The joke is on you because Mombasa handles more cargo than any port in East, Central and West Africa. Lamu port which is bigger than anything in West Africa has also just been commissioned.

the traffic says otherwise

gallivant:


Importation is driven by demand, not to kill local production. Your reasoning leaves a lot to be desired.

importation is driven by the desire to out compete the price in a given market
dont be stupid

gallivant:


The joke is on you because Mombasa handles more cargo than any port in East, Central and West Africa. Lamu port which is bigger than anything in West Africa has also just been commissioned.

where is your evidence or you are just pulling stuff out of your ass as usual

Just30:
the traffic says otherwise

like they say facts are very stubborn

chrisooblog:
where is your evidence or you are just pulling stuff out of your ass as usual

The evidence for port cargo handled is in your fingertips.

gallivant:


The evidence for port cargo handled is in your fingertips.

hot air as usual no Surprises lol

Just30:
importation is driven by the desire to out compete the price in a given market
dont be stupid

Is the importation of BMWs in Ghana for instance driven by demand or whatever nonsense you just wrote? Leave the economics for those who apply logic.

chrisooblog:
hot air as usual no Surprises lol

Google how many TEUS were handled by Mombasa port in comparison to any port in West Africa. You will feel sorry for yourself.

chrisooblog:
just because we now produce more rice doesn't mean rice isn't still being imported. it's just that importers of rice through the ports no longer get cheap forex so they can make a killing locally. since they now source for their own forex it makes no business sense importing as much as they used to despite the fact that local demand for rice hasn't been met. with textiles access to forex has also been restricted https://nairametrics.com/2019/03/05/cbn-ban-forex-sale-to-textile-importers/

I didn't say you dont import rice anymore but because you are producing yourself and because it isn't as cheap to import it anymore importation has decrease drastically and you are now producing more than you are importing

But what I am saying is textiles(or metal) are your 5th biggest import and thus any impediment to import textiles due to convid19 will negatively impact your markets, as you don't have enough local producers as yet.

chrisooblog:
like they say facts are very stubborn

gallivant:


Is the importation of BMWs in Ghana for instance driven by demand or whatever nonsense you just wrote? Leave the economics for those who apply logic.

just dont jump into convos you have no knowledge off or know it beginnings

dumb kid

we have all come to realise how much kenyan authorities lie

so we can only trust the satellite data

gallivant:


Google how many TEUS were handled by Mombasa port in comparison to any port in West Africa. You will feel sorry for yourself.