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Nairaland Forum / Nairaland / General / Business / Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion (10987 Views)
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Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Omooba77: 8:15am On Aug 23, 2023 |
Manufacturers have spent at least N7.9tn to import raw materials in the past three years, according to findings by The PUNCH. https://punchng.com/naira-slump-manufacturers-raw-material-imports-hit-n8tn/ 2 Likes
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Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by TemplarLandry: 8:15am On Aug 23, 2023 |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by LikeAking: 8:20am On Aug 23, 2023 |
And we still believe Nigeria doesn’t manufacture. |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by turmacs(f): 8:25am On Aug 23, 2023 |
Mhen, i can't just wait for court to come a sack that visionless man 45 Likes 4 Shares |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by MALLEOLUS2017(m): 8:26am On Aug 23, 2023 |
More need to be done by the government interms of exploration and utilization of our local raw materials. More also need to be spent on quality research. |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by money121(m): 8:26am On Aug 23, 2023 |
Ok |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by laprince(m): 8:28am On Aug 23, 2023 |
I used to work in a spice and beverage company in Lagos. They import raw milk from Switzerland, meanwhile cows are roaming the entire country causing havoc; yet no enough milk for the country to use. Dangote sugar and palm kernel fats were the major materials readily available locally. And sadly, milk was part of the costliest raw materials used for our production then. 5 Likes 1 Share |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by MetroLane: 8:28am On Aug 23, 2023 |
I repeat |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Brendaniel: 8:28am On Aug 23, 2023 |
See how dry this thread is because it is a dent on Tinubu and APC, all their e-warriors have avoided it. 33 Likes 1 Share |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Savechild23: 8:28am On Aug 23, 2023 |
Make Naira die so that we won’t be spending our money to resuscitate the slumping dunce 2 Likes 1 Share |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by lomprico(m): 8:29am On Aug 23, 2023 |
Apc will kill nigeria 1 Like |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by KwuoteYourFada: 8:29am On Aug 23, 2023 |
Tinubu need to up his game We saw these indications during Buhari tenure Everything is just on repeat 6 Likes 1 Share |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by nairalee(m): 8:30am On Aug 23, 2023 |
My pain is that we're now too passive as citizens. Infact we're now expectant and accepting of the worst. No more protests, no massive complain, no strike, NOTHING. The politicians and decision makers are so happy and relaxed in doing rubbish cos they know our slogan is #sufferingandsmiling 18 Likes 1 Share |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by nairanaira12: 8:30am On Aug 23, 2023 |
Helinues, yarimo, the people giving this news, must be ipob. 13 Likes |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Racoon(m): 8:31am On Aug 23, 2023 |
To think that the illegitimate government of Tinubu was foist on this nation to continue the Buhari’s regime cluelessness and disastrous policies just made those whose engineered this disaster look stupid and senseless 11 Likes |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by CodeTemplar: 8:32am On Aug 23, 2023 |
Mostly finished goods. Import milk and package it then call yourself a manufacturer. The people who produced the milk end up employing more hands than those bagging it and distributing sachets. |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by sofeo(m): 8:32am On Aug 23, 2023 |
It's well with Nigeria |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Akaegwu(m): 8:34am On Aug 23, 2023 |
Give me my OJi gworo. Waiting concern malam and beer parlour 3 Likes |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by accordadoga25(f): 8:36am On Aug 23, 2023 |
Hmmm |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by DonMarkuzi(m): 8:37am On Aug 23, 2023 |
Africa is doomed to fail. Bottom feeders. 2 Likes |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by safarilove(m): 8:39am On Aug 23, 2023 |
E sure me say second-quarter data go don almost double..some companies will fold up as a result of this nightmares. |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by phorget(m): 8:42am On Aug 23, 2023 |
Hmmmmmmm! |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Akaegwu(m): 8:42am On Aug 23, 2023 |
nairanaira12:Yes oo ipob has been destroying Nigerian economy. Stealing money development. They supported buharis misrule. They stole Crude oil. They support endless borrowing. IPOB is evil 😈 4 Likes 1 Share |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by itsene: 8:44am On Aug 23, 2023 |
MAN should CATEGORIZE and LIST materials they import annually. That way indigenous businessmen can plan ahead. |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Omooba77: 8:45am On Aug 23, 2023 |
Reason many companies are closing shops and throwing people to unemployment markets and low purchasing power due to high cost of raw materials...... |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by nairanaira12: 8:47am On Aug 23, 2023 |
Akaegwu: Yrs, they also supported Mahmoud yakub to rig tinubu into office. 5 Likes |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by Akaegwu(m): 8:55am On Aug 23, 2023 |
nairanaira12:Every bad thing in Nigeria originates from Igbos. Extensively southeast. Hunger, stealing, economic stagnation, bad governance, economic sabotage, under performance. Killing of farmers, defaulters of government agro loan, electoral malpractice etc 4 Likes |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by FireUpNow(m): 8:57am On Aug 23, 2023 |
Chicago university bookkeeping graduate the master strategist is transforming the Nigeria economy into the world's largest economy.😃😃😃😃😄😂. Eat your 🌽🌽 and enjoy. 7 Likes 1 Share |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by wittywriter: 9:00am On Aug 23, 2023 |
FireUpNow: accordadoga25: Wittyness |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by ThiefnubuBandit: 9:13am On Aug 23, 2023 |
If you're an online miscreant supporting the incompetent idiot that rigged himself into power, pray I don't see you physically because your burial will be announced sooner than later. 1 Like |
Re: Naira Slump: Manufacturers’ Raw Material Imports Hit N8 Trillion by pol23: 9:13am On Aug 23, 2023 |
If you could read between the lines you will understand what we’re importing is not raw materials but technology. Many years ago, A prof in University expose us to Nigeria loss on Cocoa due to lack of technology or let’s say good governance. We will sell cocoa.. And then go back to buy chocolate and Beverages,Vitamin A for our eyes and industrial use in Sugar, vitamin for poultry,cocoa butter,ETC. We do the same on crude oil. You wonder how wise we are as a nation. 4 Likes |
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