Lanretoye:
i swear your life no fit get meaning again,you just start ni...only 3weeks you don wan commit suicide,you never see anything.

Are u having suicidal thoughts? Pls don't. There's hope for u.

Is that the way your life is hard? Are u speaking from your personal experience?

As a Nigerian, has your life been easier in the last 3 weeks?

lexy2014:


Are u having suicidal thoughts? Pls don't. There's hope for u.

Is that the way your life is hard? Are u speaking from your personal experience?

As a Nigerian, has your life been easier in the last 3 weeks?

e no fit ever easy for you i swear,as for me and mine,no matter how things be we will always be grateful to God.but for you,the worst is yet to come.tears of your right eye will meet that of the left in confluence. Mumu...

Lanretoye:
e no fit ever easy for you i swear,as for me and mine,no matter how things be we will always be grateful to God.but for you,the worst is yet to come.tears of your right eye will meet that of the left in confluence. Mumu...

Are tears in your right eyes meeting tears in your left eyes? So sorry. That must be a very terrible experience for you. What caused such a thing happening to u?

Are u having suicidal thoughts? Pls don't. There's hope for u.

Is that the way your life is hard? Are u speaking from your personal experience?

As a Nigerian, has your life been easier in the last 3 weeks?

lexy2014:


Are tears in your right eyes meeting tears in your left eyes? So sorry. That must be a very terrible experience for you. What caused such a thing happening to u?

Are u having suicidal thoughts? Pls don't. There's hope for u.

Is that the way your life is hard? Are u speaking from your personal experience?

As a Nigerian, has your life been easier in the last 3 weeks?

na as things worst for you make u dey reason like dog.your predicament didnt start just 3weeks ago,it has always been in you like peak.lazy idiots like you will never find things eazy no matter the government.ive been to the market this morning and even market women were applauding the government.a woman even told me he would have voted for obi just that she misplaced her voters card,for people like you this government and administration will suck you dry and hope will dim for u.lazy idiot..sit down there and be waiting for free food.
People like you have been feeding on subsidy so as it has been removed,it is expected that things will be difficult for your life.tougher days are coming cos you have not seen anything yet.body go tell you...just 3weeks and you are already lamenting,you are going next 8years so u better die now.

Lanretoye:
na as things worst for you make u dey reason like dog.your predicament didnt start just 3weeks ago,it has always been in you like peak.lazy idiots like you will never find things eazy no matter the government.ive been to the market this morning and even market women were applauding the government.a woman even told me he would have voted for obi just that she misplaced her voters card,for people like you this government and administration will suck you dry and hope will dim for u.lazy idiot..sit down there and be waiting for free food.

So you mean that all these things are going on in your life? Why are you keeping it to yourself? Pls cry out so that people can know what you going thru and come to your aid.

Are tears in your right eyes meeting tears in your left eyes? So sorry. That must be a very terrible experience for you. What caused such a thing happening to u?

Are u having suicidal thoughts? Pls don't. There's hope for u.

Is that the way your life is hard? Are u speaking from your personal experience?

As a Nigerian, has your life been easier in the last 3 weeks?

tatax:
If you are floating the naira, then lift restrictions on existing policy that banned these 43 items from accessing dollar at official rate otherwise this is just noise & creating more problems.. Importers of these items will have to go to Black market to source for dollars to buy these items & this act will further shoot dollar to over 900. Who bans rice, cement, eggs, furnitures, meat, tiles, clothes, roofing sheets etc when ur country have not acheieved self sufficiency. Only Buhari & Emiefele. This policy is the reason why things are so expensive and inflation is high. If Tinubu and his team are not thinking yet to lift this ban then they are not doing anything. Allow fair competition & lift this ban then watch economy start coming together otherwise this is just NOISE!

I have a massive dislike for protectionism. I am a full time supporter of free markets and open borders. Import duty should never be more than 20% on any product.

The reason why you export is to have money to pay for imports. High protectionist walls simply prevent Nigerians to enjoy the benefits of international trade.

That imports do no good for you is simply untrue. It creates millions of jobs. The Tokunbo car industry alone probably provides jobs and livelihoods for over a million people. Wheat importation does the same when you think of how many industries from bakeries to puff sellers benefit from the flour made from. The same with milk and so. What protectionism does is simply to destroy an efficient supply chain thereby adversely affecting your economy.

Also, commercial trade in finished goods such as cloths, garments, computers and so forth provides either livelihoods for millions or are essential in running businesses.

The US discovered that for every 1 cent reduction in import duty, the government collected 3 cents in taxes from the economic activity the 1 cent reduction cost.

The Economist pointed out that "Protectionism has failed to industrialize the Nigerian economy." Despite this, it is the country's go to choice for industrialization.

Imports aren't the nation's problem. It is that the country fails to export. The only way to encourage industrialization is to reduce commercial lending rates below 10%. High commercial loans do far greater harm to the real sector of the economy than poor infrastructure.

PS

Do you know you can import frozen chicken for 350/kg. Imagine if the landing cost in Nigeria is 500 including all clearing in Lagos. The importer could decide to sell it for 900/kg. The wholesaler who buys it may sell for 1,100/kg. The retailer who buys may resell for 1,300/kg. These guys don't make much profit. They sell based on turnover.

This is much cheaper than the 2,400/kg for frozen chicken I bought it for yesterday. (Sorry to add, OBJ banned the import of all poultry products into the country)

grandstar:


I have a massive dislike for protectionism. I am a full time supporter of free markets and open borders. Import duty should never be more than 20% on any product.

The reason why you export is to have money to pay for imports. High protectionist walls simply prevent Nigerians to enjoy the benefits of international trade.

That imports do no good for you is simply untrue. It creates millions of jobs. The Tokunbo car industry alone probably provides jobs and livelihoods for over a million people. Wheat importation does the same when you think of how many industries from bakeries to puff sellers benefit from the flour made from. The same with milk and so. What protectionism does is simply to destroy an efficient supply chain thereby adversely affecting your economy.

Also, commercial trade in finished goods such as cloths, garments, computers and so forth provides either livelihoods for millions or are essential in running businesses.

The US discovered that for every 1 cent reduction in import duty, the government collected 3 cents in taxes from the economic activity the 1 cent reduction cost.

The Economist pointed out that "Protectionism has failed to industrialize the Nigerian economy." Despite this, it is the country's go to choice for industrialization.

Imports aren't the nation's problem. It is that the country fails to export. The only way to encourage industrialization is to reduce commercial lending rates below 10%. High commercial loans do far greater harm to the real sector of the economy than poor infrastructure.

PS

Do you know you can import frozen chicken for 350/kg. Imagine if the landing cost in Nigeria is 500 including all clearing in Lagos. The importer could decide to sell it for 900/kg. The wholesaler who buys it may sell for 1,100/kg. The retailer who buys may resell for 1,300/kg. These guys don't make much profit. They sell based on turnover.

This is much cheaper than the 2,400/kg for frozen chicken I bought it for yesterday. (Sorry to add, OBJ banned the import of all poultry products into the country)

Import is less desirable for a strong economy. There is something called balance of trade. It is about being productive enough to cancel out inflow of goods(outflow of money value) with out flow of good(inflow of money value). What you are advocating for is lost of local jobs to more competitive foreigners. Since we have destroyed all out competitive edges like subsidy, cheap power, security and more for interregional politics, commonsense dictates some level of protectionism be adopted to protect local production and by extension jobs, a key aspect of any vibrant or hopeful economy.
Maybe you do not realize import connotes loss in money value (weakening of the Naira) as well as job loss among other things. That's why we cannot turn a blind eye to issues like bandits extorting productive farmers and driving up local production cost. There are agberos too in the south. All feeding fat but not contributing meaningfully to the system thereby killing local production further.

grandstar:


That imports do no good for you is simply untrue. It creates millions of jobs. The Tokunbo car industry alone probably provides jobs and livelihoods for over a million people. Wheat importation does the same when you think of how many industries from bakeries to puff sellers benefit from the flour made from. The same with milk and so. What protectionism does is simply to destroy an efficient supply chain thereby adversely affecting your economy.

You are missing it going by these paragraphs.
When you import wheat for inward processing into flour, you lost the jobs created at cultivation stage(job), the profit your seller makes(as lost Naira strength) and taxes from bigger revenue. That's why US gov can give intervention to Detroit based auto makers togunen of $10b. They need to keep production cost low and in the process create things monies are meant to buy or facilitate their exchange, jobs and even still get par of it in form of tax.

CodeTemplar:
Import is less desirable for a strong economy. There is something called balance of trade. It is about being productive enough to cancel out inflow of goods(outflow of money value) with out flow of good(inflow of money value). What you are advocating for is lost of local jobs to more competitive foreigners. Since we have destroyed all out competitive edges like subsidy, cheap power, security and more for interregional politics, commonsense dictates some level of protectionism be adopted to protect local production and by extension jobs, a key aspect of any vibrant or hopeful economy.
Maybe you do not realize import connotes loss in money value (weakening of the Naira) as well as job loss among other things. That's why we cannot turn a blind eye to issues like bandits extorting productive farmers and driving up local production cost. There are agberos too in the south. All feeding fat but not contributing meaningfully to the system thereby killing local production further.

I wonder what took grandstar so long in applauding this post with a share and a like. I insist you suck at economics and Emefiele was a better economist that 100 Soludo combined.