Kasssandra:


And you know what that means...higher prices for most imports...including consumer electronics, tokumbo cars, and a host of other things.

Even higher prices for many things produced at home because they rely on imported componets and machinery to be produced.

At the end, you will complain and weep. Inflation will rise.



(No, I don't support Tinubu either, and the fact that he has no plan out is even more proof not to vote APC. )

Kasssandra:
I'm going to be honest, and say that this means we would have dollars flowing out of the country...meaning at the end, the value of the naira would crash heavily.

The dollar restrictions we have, as harsh as they are...are why we are not exchanging N5000 for one dollar today...and I am not exagerrating. It may sound cool at first, but the truth is, we are not earning enough dollars to liberalise the market yet.

I know a lot of people like the idea, because we want to go back to the days when we could spend over 500 dollars in a month. But until I see a concrete plan on how we are going to earn more dollars from Obi...and no, I don't want to hear that Obi taking power in Abuja means that we would suddenly get an income of 100 bn dollars a month....and it has to be a plan that involves total removal of subsides...because that is where most of our forex goes...and heavy enforcement of taxation.ie raising our tax to gdp raito to 50% or more.......I'm afraid this plan is wishful thinking. If not a plan to cause severe forex shortage, and inflation, and the naira looking like Zim dollars....

For once, Obi is wrong.


(P.S This does not mean you or i should vote for tinubu or atiku...).

sisisioge:
Thank you o....they should hear. One would think this present government will invest in real economist as opposed to politicians manning the country economy.

Even if they want us to start enlarging local production,sebi they would have created the means for that before restricting the importation....I can't believe what Buhari did to rice....the guy is unbelievable! Now cassava and other previously locally produced products are mimicking import prices
of other foods . Awon werey. Enough of Ribbish....Peter Obi for president o....even though I know Tinubu no go green. The guy na hailing don!

asanausana91:
and this foolish Obi is telling his zombiedients that he will change Nigeria from consumption to production country.
Obi is a dangerous terrorist,he is confused.
How can you get your country to produce if there are no restrictions on import

June15:
It is well

God1000:
I believe in you sir, you will do wonderful things for our country

Peter Obi is a genius and phenomenon, he will make Nigeria an eldorado.

socialmediaman:


Are the prices lower now that they’re restricted? Are we making revenue form import tax? No, because they’re being smuggled. That’s the price of restriction

socialmediaman:


I don’t care about what Tinubu has to say. He needs rest. The rigors of presidency are too much for a man who needs too much rest. We have evidence in Aso rock currently

Plus he’s running a Muslim Muslim ticket. I can’t pretend that religious crisis happening all over the country especially in places like Kaduna Plateau Benue are irrelevant

obyno82:


Can you swear that you have not heard Obi talk about his plan for the Economy. The conversion from consumption to production abi? Please naaa let us have conscience and stop selective disinformation.

obyno82:


Ahhh!!!!!! finally you have just shown that you don't have sense. The reason for the slide in value of the naira is the multiple exchange rates that was created for political expediency. Now if you have a single rate and abolish fx restriction which can allow for exporters to sell the FX they bring at good rates to banks and government and at the same time allow bank to source for dollars at a single rate that alone will signal the country being ripe for business and companies will establish and jobs will be created.
But alas you have advertised online real time your stupidity.

Pakute:

Solve the lingering insecurity and watch Nigeria become the biggest Agriculture hub in Africa. If our farmers could be safe in farms, best believe, we can feed west Africa sufficiently.
But the dumb idea of Obi removing import restrictions is the quickest route to killing our economy, ironically, he was talking about the policy of moving from consumption to production. He doesn't come off as someone who knows his economics, obviously a gibberish a container economist would say.
And if you sure sound like one of such pepper sellers who easily gets carried away by bogus & disastrous theories.

God1000:
I believe in you sir, you will do wonderful things for our country

Peter Obi is a genius and phenomenon, he will make Nigeria an eldorado.

Eriokanmi:
You're nothing but an olodo.

I'm an importer. I also export . Each time I'm paid in dollars on goods exported, I'd need to change the dollar to naira to pay salaries , sort overheads, etc. Then, depending on your capacity, you need to source loan to buy some materials needed to produce locally for export. In this case, the naira loan sourced would now be exchanged for dollar to buy those raw materials. I'd noq buy at black market or bdc rate. Invariably, there's no much gain when dollars are paid for goods sold overseas cos we're still going to get more dollars locally to buy materials overseas.

The problem I have with you urchins is, you're too emotional and most of you lack the right knowledge tackle pertinent issues. Liberate yourself please. Stop behaving like an illiterate.

Kasssandra:


True,


No, they aren't dumb. More like a lot of Nigerians rely on imports for business and manufacturing, and the dollar restrictions means they can't buy dollars for their business. The comment , while flawed, is also calculated to appeal to them

seunmsg:
Once importation becomes free for all in a country that urgently needs to scale up local manufacturing, how do we then become a productive economy? Where will the forex for the payment of this unrestricted importation comes from? By the time this Obi guy is done with our economy, Naira will be exchanging for N10,000 to $1. Buhari would be a child’s play compared to this dunce they are packaging for us.

Kasssandra:


I threw in tinubu because you obi fans think that anyone disagreeing with you must be a tinubu supporter.

socialmediaman:


Atiku generators is another name for Mikano. Don't you live in Nigeria again?

Atiku is a well known corrupt person, and while I still prefer him to Buhari and Tinubu, I will not choose him over Obi. They're miles apart when it comes to governance and corruption. Peter Obi is not perfect but he has the least baggage when it comes to good leadership

Vote wisely! Vote Peter Obi

sisisioge:


You started well and ended woefully, bro economist.

Since they weren't able to solve the insecurity issue, Buhari tenure made it worse, should we then go hungry and watch things become incredibly hard at home? Bread is now N1,050 from N250 during Jonathan's regime. Let's allow the economist pangolo help us while the current gurus take a bow. Buhari made insecurity worse, economy worse.....even the air in naija has become worse in his regime. To make matters worse, he and his people are proposing another medically unfit person to come and continue where he stopped. Too bad for Nigeria....too blawdy bad! Enough of sentiments, we were doing much more better when we couldn't even produce toothpicks. Better then than now that were kept failing at self sufficiency!

asanausana91:
can you please provide evidence of Atiku importing Mikano? I don't always like to talk with empty skull. Pls get the evidence for me.

socialmediaman:


That was a wrong assumption. I didn’t even notice his name until I read your comment again, that’s why I replied the same comment twice

Eriokanmi:
You're nothing but an olodo.

I'm an importer. I also export . Each time I'm paid in dollars on goods exported, I'd need to change the dollar to naira to pay salaries , sort overheads, etc. Then, depending on your capacity, you need to source loan to buy some materials needed to produce locally for export. In this case, the naira loan sourced would now be exchanged for dollar to buy those raw materials. I'd noq buy at black market or bdc rate. Invariably, there's no much gain when dollars are paid for goods sold overseas cos we're still going to get more dollars locally to buy materials overseas.

The problem I have with you urchins is, you're too emotional and most of you lack the right knowledge tackle pertinent issues. Liberate yourself please. Stop behaving like an illiterate.

Kasssandra:


They will get higher with your import tax.

Again , be careful what you wish for.

obyno82:


Oga you are the one not smart. What is sliding the value of the naira is the multiple fx rate that has created a big market for speculators. Remove import restrictions and harmonize fx rate to a single rate and remove fx restrictions meaning that other FX BDC operators can come into the market and flood it with FX and also exporters can sell fx to banks and others at favorable rates thereby in the long run crashing the value of the dollar against Naira further strenghtening the new currency. This was what Zambia did and it strengthened the currency in two years.

Kasssandra:


I wish it was a wrong assumption...but my experience of most obi fans...throw in an argument they disagree with, they will call you tinubu and apc supporter.

Even when I once made a comment about removing subsides, someone had the gall to quote me with a quote from tinubu on lower oil prices....

At some point, it has become necessary to put up the disclaimer...for my own peace of mind.

Blue3k:


Men need to take responsibility for their actions. Buhari didn't put a gun to his head. Buhari is boss not your dad he's always free to resign or simply say no risk being fired. What kills me is the clowns here wanting to double down on this stupid policy. Economic illiteracy is a scourge.

Throwback:

As economic adviser to Jonathan, he recommended Godwin Emefiele as CBN Governor when $1 = N160.
Same Godwin Emefiele has seen to the decline of our Naira against the Dollar.
A sensible man would run away from Peter Obi.
Anambrarians cannot be wrong about this olodo GCE.

Racoon:
Liberate the gateways. Not the senseless, impactless and useless economic blockades the APC govt placed on the lucrative southern borders with attendant huge economic loss sometime back while the northern fringes were just leeways for terrorists to freely stroll in and do more damages.

Nigeria case is an import and a oil-mono-economy dependent nation because local production are not sufficient enough to meet local consumption demand.

And what did the senseless blockade Buhari government imposed on the borders yielded? Did local production increased or saved Nigeria from the present food inflation and insecurity nationwide especially with the insecurity menace on farmers?

Liberate the economic and provide security first, to encourage local and foreign investors that will boost the process and enhance food production to help us shift from local consumption to export.

asanausana91:
can you please provide evidence of Atiku importing Mikano? I don't always like to talk with empty skull. Pls get the evidence for me.

Pakute:

He bought innoson products as a Governor with state's funds, not his personal money. Obi is one of the biggest importers of consumption goods in the country spanning 30years. Obi is a complete dunce.