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What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items (35589 Views)

CBN To Intervene In Forex Market, Lifts Ban On 43 Items / CBN Reiterates Stance On FX Access, ‘status Quo Remains On 43 Non-eligible items / Forex Restriction Threatens Over 50,000 Jobs In Dairy Sector (2) (3) (4)

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Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Chetas81(m): 3:25pm On Oct 15, 2023
IF YOU THE NIGERIAN CITIZEN ARE NOT FOOOOOOLISH WAITING FOR MIRACLES OVER IDEAS,WHY MUST YOU IMPORT ALL THIS ITEMS WITHOUT YOU PRODUCED 60% THE ITEMS, YOU AND YOUR CURRENCY REMAIN SLAVE TO THE UNITED STATE DOLLARS
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Babangidapikin: 3:27pm On Oct 15, 2023
Please explain the Macro and Micro economics effect on the economy...this explanation is a very narrow view of the triple down effects this would have short , medium and long term..
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by LegallyBlunt: 3:29pm On Oct 15, 2023
JagabanB:

Somehow a Nigerian thinks governance is about party, the party doesn't decide what happens, the individual called the president does.
INEC didn't force them on Nigerians, they won election that ur candidate lost.
Nîgeriàns made their choice and their choice is not your candidate.
Which Nigerians?
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Incredible128: 3:29pm On Oct 15, 2023
Imagine the nonsense they said grin grin, that "local production would benefit from the cheaper import " grin grin why was it restricted in the first place? Was it not to conserve scarce forex? Now they've lifted the restriction, importers of these products would be free to compete for scarce forex with people that legit wants to import products the country needs, products that can't be manufactured in Nigeria as opposed to these importers that import things the country can produce if the government invests wholly in it. APC as a whole is calamity , there nothing anybody would tell me that would make me think otherwise, they're a bunch of confused people without a set priority, trying anyset of shapes to see which one would fit in the hole all the while leaving the populace to bear the brunt
Seefinish:
The same party that banned those products is the same party that lift the ban.
APC has nothing good to offer the country.
The two presidents INEC forced on us from APC don't have traceable ancestry and educational qualifications.
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by BoldBrainz(m): 3:32pm On Oct 15, 2023
lordm:
Still don't understand. Put it in layman's term. Will it make cement cheaper?

If I am a cement supplier with enough naira to stock 5000 bags of cement, I can survey the market and see where I can buy it cheaper. If BUA cement here in Nigeria gives me a bag for 3500 plus the transportation to my warehouse and I compare it with the price outside Nigeria, I can decide to import those 5000 bags from another country (if I get the same cement quality for 3400 plus delivery to my warehouse) and by the time it arrives, I'll supply to retailers at 4000 naira.

That effectively puts competition in the cement market. I'll be selling to retailers at 4K plus delivery while the other man who is buying from BUA will sell for 4,200 plus delivery. Naturally, I'll have more patronage and BUA will be compelled by their loss of patronage to me, to reduce their price to flow with the market.

Ordinarily, that's how it should be. But this is Nigeria and this move has the potential to backfire. I spent an entire night reading and researching on it.

6 Likes

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by truthfinder319: 3:33pm On Oct 15, 2023
Children of hate are confused. To support Kojoli Siddiq Atiku or Pandora Gregory who could not submit his BA 3rd class degree. BAT is God-made
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by truthfinder319: 3:34pm On Oct 15, 2023
Children of hate are confused. To support Kojoli Siddiq Atiku or Pandora Gregory who could not submit his BA 3rd class degree. BAT is God-made


KillIgbohoN0W:
By Bamidele Ogunwusi



Source: Independent
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Incredible128: 3:37pm On Oct 15, 2023
So who would generate the forex for the importation of these products? Abi should we start printing dollars too? Are we stable in production of these local products? Don't you think local industries would close because they won't be able to match the "cheap" prices of these imported products?
gabbytabby:
He wanted to grow internal production so this is a good idea but it should not have lasted for so long.

Most countries who use this only use it for not more than 2 years to give a headstart to their industries but the right time to reverse is as soon as the FG stopped the essentially subsidising foreign exchange transactions and transfers.

Thank you PBAT Nigeria go better. On your mandate we stand.

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by LandMann: 3:38pm On Oct 15, 2023
Seefinish:
The same party that banned those products is the same party that lift the ban.
APC has nothing good to offer the country.
The two presidents INEC forced on us from APC don't have traceable ancestry and educational qualifications.

Same party but different presidents from different ethnic groups that have different views on governance.

Buhari used Emiefele the fool to ban those items in other to create wealth for northerners and poverty for southerners

1 Like

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Saintinoo(m): 3:38pm On Oct 15, 2023
lordm:
Still don't understand. Put it in layman's term. Will it make cement cheaper?

No sir it will not, they only allowed the importers of those items to source dollar from the official market, not much will change, in fact, it is expected that dollar becomes more scarce and goods become more expensive.
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by nerdjared: 3:39pm On Oct 15, 2023
1 step forward 11 steps backward
APC propaganda gonment
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Karleb(m): 3:40pm On Oct 15, 2023
I am ready to bet that this will change nothing.

All these paper policies that only has negative effect.
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Brownbetsport24: 3:41pm On Oct 15, 2023
Can our local card will now be working on AliExpress?
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by victorclean(f): 3:42pm On Oct 15, 2023
On point anyway. Anything that will make food to be cheap is welcomed.

They also open Cotonou border
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Czartrips(m): 3:42pm On Oct 15, 2023
On paper this looks good but lets take a critical look at the implementation as with other policies this government has announced. Do u think impoters will be able to source forex from bank? Where will bank get forex from and even if forex is available in the bank, will the bank personnel make the dollar available or decide to do business with it as we saw the banka doing business with the naira earlier this year..

The implications of this policy will only drive more demand to parallel market and that will only make the dollar price to rise..
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by RightToReject(m): 3:42pm On Oct 15, 2023
It's not going to help naira against the dollar; in fact, the negative effect will outweigh the positive effect by all indices.

Abolishing domiciliary account, and paying recipients of foreign remittance in dollar, will go a long way to help naira. A country like ours that has always been having a deficit in balance of payment has no business encouraging or enabling private and corporate entities to operate domiciliary accounts. Banks are the major beneficiaries under the current arrangement.
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by SeaTrade(m): 3:42pm On Oct 15, 2023
ednut1:
Exchange rate will only get worse . Point 5 is nothing but a lie. Why will i import inputs then come face high cost of power, bad roads for logistics etc. i will simply import the finished goods which will kill local production
You already have machinery, structure on ground.
You just don't up and leave.
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by lordm(m): 3:45pm On Oct 15, 2023
Saintinoo:


No sir it will not, they only allowed the importers of those items to source dollar from the official market, not much will change, in fact, it is expected that dollar becomes more scarce and goods become more expensive.
na WA o. thank you. this country ehn
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Eriokanmi: 3:45pm On Oct 15, 2023
Op, this is so unrealistic There's shortage of fx as we speak. The official rate was traded at around 640 naira to a dollar when the policy was first reeled out and every trader hailed the policy. They even said our stocks rose sharply thereafter and termed it TINUBUUUUL.. They claimed rates would first go up and later come down, has it happened? They also said the policy idea was to enable the wide btw the official and black market to become close...has this happeked ? Do you know how much dollar is today? Why has the rate gone up so sharply? The reason is simple...more buyers are shopping for a scarce product. Now that more traders are going to join, what do you think wouid happen to the dollar?

Except the CBN allocates fx and clears the backlogs they're owing commercial banks, the situation wouid only get worse. The CBN was supposed to have cleared the backlogs since 14th of September. Approved BDCs should be allowed to trade too, with close monitoring. This was what Jonathan did and both the official and back market rates were almost same at a point. What are they waiting for? These guys are jokers
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by oyeb15: 3:45pm On Oct 15, 2023
They should make food available
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by InvertedHammer: 3:45pm On Oct 15, 2023
/

The only thing the CBN can do now is to fight to stabilize naira around N1000/$. But that's an onerous task. The only way to stabilize naira is to increase productivity and shun IMF and World Bank temporarily. 4 key things to turn Nigeria around:
Electricity, Refinery, Security, Roads.

Textbook economics is a mere chase of shadows.

/

1 Like

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Khyrvxjzy: 3:50pm On Oct 15, 2023
Seefinish:
The same party that banned those products is the same party that lift the ban.
APC has nothing good to offer the country.
The two presidents INEC forced on us from APC don't have traceable ancestry and educational qualifications.

government is a continuous exercise

anyway no ibo man will be president
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Khyrvxjzy: 3:51pm On Oct 15, 2023
KillIgbohoN0W:
By Bamidele Ogunwusi



Source: Independent


summarize it in layman

1 Like

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Khyrvxjzy: 3:56pm On Oct 15, 2023
blabulu2000:
is the definition of Settler colonialism and the "Lebensraum" project of the Zikist Igbos over the rest of Nigeria most especially Yorubaland.

They tell you to join them to k:ill Yoruba political leaders in order to create a new Nigeria but replace them with who? Igbos of course!
For every Gbajabiamila you remove, they will be replaced by one kenechukwu Osuji.

They are ready to burn down Nigeria than to stop their morbid, rabid and toxic obsession for political power in Yorubaland at all cost.

While Ahmadu Bello and Obafemi Awolowo were advocating for regional or confederal Nigeria, Zik was advocating for a unitarist constitution and system of government before 1960. Azikwe wanted his people to rule Yorubaland badly that he was ready to create chaos in Nigeria to achieve that.

Till today, the sons of Zik still publicly cvrse Awolowo for stopping their patriarch from Igbonizing YORUBALAND. What Zik could not achieve by becoming the premier of Yorubaland, he started implementing it through federal power. He used his power in the federal government to start appointing Igbos as the Vice chancellors of universities in Lagos and Ibadan. The railway corporations in the West was heavily igbonized and federal offices in the Western region was filled with Azikiwe's kinsmen. Imagine what this ma:d man would have done if he had access to the keys of the treasury in the western region? The chaos Azikwe created in Yorubaland was so much to the extent that Awolowo had to start building a Yoruba university from the scratch currently called Obafemi Awolowo University in Ile Ife.

Those who assasinated Aare Ladoke Akintola at the political capital of YORUBALAND in Ibadan, so that they can pave way for the current unitary system of government that has ravaged the lives of ethnic nationalities within Nigeria are currently scheming at every elections on how to take over political offices and power from Yoruba people in Yorubaland.

This is the definition of evil. While their current leader Peter Obi who is nothing but a empty nu:isnace continues to incite anarchy against the president of Nigeria who is a Yoruba man, another local Peter Obi like Kenechukwu Osuji is scheming to replace Femi Gbajabiamila. All their lives, they have always coveted anything the Yoruba people have or possess. Our land, our waters, resources, our culture, our heritage, our economic space, political space and even our dressings should be theirs by lies, propaganda or hiding under one Nigeria.

The problem is that, these Zikists don't know when to stop. That is why any sane and right thinking individual will understand that the biggest beneficiaries of the current unitary system of government are Igbos. This is because it gives unfettered access to the economic and political spaces of other ethnic nations outside their ethnic space. The same people who quickly formed ESN against "Fulanis" because of the protection of the political and economic space in Igboland will tell you 1000 and 1 reasons why kenechukwu must be Governor of Lagos state and why Shinedu must be the senator of Ogun state.

The ethnic minorities talkless of the Hausa-Fulanis will not condone this evil in their midst.

Nigeria is an ethnically heterogeneous country made up of different Geopolitical zones and the Southwest will not be the victim of the machinations and Zionist settler colonialist agenda of Zikist Igbos who sponsor constant Yoruba hate on social media and orthodox media in Nigeria.

All Yorubas within the Southwest and outside the Southwest of Nigeria should come together to see the evil that is unfolding once again in YORUBALAND.

We are dealing with a group who believe that their roadmap to political power in Nigeria is to deyorubanize Yoruba states and space by capturing political power from the Indigenous Yoruba population by lies, subterfuge, uncontrolled migration, unitary system of government or by cloning themselves into Yoruba politics by adopting Yoruba names


chai even we both hate this people
your own hatred long like your writing

e no need na
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Lightorder: 3:57pm On Oct 15, 2023
blabulu2000:
is the definition of Settler colonialism and the "Lebensraum" project of the Zikist Igbos over the rest of Nigeria most especially Yorubaland.

They tell you to join them to k:ill Yoruba political leaders in order to create a new Nigeria but replace them with who? Igbos of course!
For every Gbajabiamila you remove, they will be replaced by one kenechukwu Osuji.

They are ready to burn down Nigeria than to stop their morbid, rabid and toxic obsession for political power in Yorubaland at all cost.

While Ahmadu Bello and Obafemi Awolowo were advocating for regional or confederal Nigeria, Zik was advocating for a unitarist constitution and system of government before 1960. Azikwe wanted his people to rule Yorubaland badly that he was ready to create chaos in Nigeria to achieve that.

Till today, the sons of Zik still publicly cvrse Awolowo for stopping their patriarch from Igbonizing YORUBALAND. What Zik could not achieve by becoming the premier of Yorubaland, he started implementing it through federal power. He used his power in the federal government to start appointing Igbos as the Vice chancellors of universities in Lagos and Ibadan. The railway corporations in the West was heavily igbonized and federal offices in the Western region was filled with Azikiwe's kinsmen. Imagine what this ma:d man would have done if he had access to the keys of the treasury in the western region? The chaos Azikwe created in Yorubaland was so much to the extent that Awolowo had to start building a Yoruba university from the scratch currently called Obafemi Awolowo University in Ile Ife.

Those who assasinated Aare Ladoke Akintola at the political capital of YORUBALAND in Ibadan, so that they can pave way for the current unitary system of government that has ravaged the lives of ethnic nationalities within Nigeria are currently scheming at every elections on how to take over political offices and power from Yoruba people in Yorubaland.

This is the definition of evil. While their current leader Peter Obi who is nothing but a empty nu:isnace continues to incite anarchy against the president of Nigeria who is a Yoruba man, another local Peter Obi like Kenechukwu Osuji is scheming to replace Femi Gbajabiamila. All their lives, they have always coveted anything the Yoruba people have or possess. Our land, our waters, resources, our culture, our heritage, our economic space, political space and even our dressings should be theirs by lies, propaganda or hiding under one Nigeria.

The problem is that, these Zikists don't know when to stop. That is why any sane and right thinking individual will understand that the biggest beneficiaries of the current unitary system of government are Igbos. This is because it gives unfettered access to the economic and political spaces of other ethnic nations outside their ethnic space. The same people who quickly formed ESN against "Fulanis" because of the protection of the political and economic space in Igboland will tell you 1000 and 1 reasons why kenechukwu must be Governor of Lagos state and why Shinedu must be the senator of Ogun state.

The ethnic minorities talkless of the Hausa-Fulanis will not condone this evil in their midst.

Nigeria is an ethnically heterogeneous country made up of different Geopolitical zones and the Southwest will not be the victim of the machinations and Zionist settler colonialist agenda of Zikist Igbos who sponsor constant Yoruba hate on social media and orthodox media in Nigeria.

All Yorubas within the Southwest and outside the Southwest of Nigeria should come together to see the evil that is unfolding once again in YORUBALAND.

We are dealing with a group who believe that their roadmap to political power in Nigeria is to deyorubanize Yoruba states and space by capturing political power from the Indigenous Yoruba population by lies, subterfuge, uncontrolled migration, unitary system of government or by cloning themselves into Yoruba politics by adopting Yoruba names
you keep wasting your youthful energy, doing nonsense
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by drealcivilceno(m): 3:57pm On Oct 15, 2023
blabulu2000:
is the definition of Settler colonialism and the "Lebensraum" project of the Zikist Igbos over the rest of Nigeria most especially Yorubaland.

They tell you to join them to k:ill Yoruba political leaders in order to create a new Nigeria but replace them with who? Igbos of course!
For every Gbajabiamila you remove, they will be replaced by one kenechukwu Osuji.

They are ready to burn down Nigeria than to stop their morbid, rabid and toxic obsession for political power in Yorubaland at all cost.

While Ahmadu Bello and Obafemi Awolowo were advocating for regional or confederal Nigeria, Zik was advocating for a unitarist constitution and system of government before 1960. Azikwe wanted his people to rule Yorubaland badly that he was ready to create chaos in Nigeria to achieve that.

Till today, the sons of Zik still publicly cvrse Awolowo for stopping their patriarch from Igbonizing YORUBALAND. What Zik could not achieve by becoming the premier of Yorubaland, he started implementing it through federal power. He used his power in the federal government to start appointing Igbos as the Vice chancellors of universities in Lagos and Ibadan. The railway corporations in the West was heavily igbonized and federal offices in the Western region was filled with Azikiwe's kinsmen. Imagine what this ma:d man would have done if he had access to the keys of the treasury in the western region? The chaos Azikwe created in Yorubaland was so much to the extent that Awolowo had to start building a Yoruba university from the scratch currently called Obafemi Awolowo University in Ile Ife.

Those who assasinated Aare Ladoke Akintola at the political capital of YORUBALAND in Ibadan, so that they can pave way for the current unitary system of government that has ravaged the lives of ethnic nationalities within Nigeria are currently scheming at every elections on how to take over political offices and power from Yoruba people in Yorubaland.

This is the definition of evil. While their current leader Peter Obi who is nothing but a empty nu:isnace continues to incite anarchy against the president of Nigeria who is a Yoruba man, another local Peter Obi like Kenechukwu Osuji is scheming to replace Femi Gbajabiamila. All their lives, they have always coveted anything the Yoruba people have or possess. Our land, our waters, resources, our culture, our heritage, our economic space, political space and even our dressings should be theirs by lies, propaganda or hiding under one Nigeria.

The problem is that, these Zikists don't know when to stop. That is why any sane and right thinking individual will understand that the biggest beneficiaries of the current unitary system of government are Igbos. This is because it gives unfettered access to the economic and political spaces of other ethnic nations outside their ethnic space. The same people who quickly formed ESN against "Fulanis" because of the protection of the political and economic space in Igboland will tell you 1000 and 1 reasons why kenechukwu must be Governor of Lagos state and why Shinedu must be the senator of Ogun state.

The ethnic minorities talkless of the Hausa-Fulanis will not condone this evil in their midst.

Nigeria is an ethnically heterogeneous country made up of different Geopolitical zones and the Southwest will not be the victim of the machinations and Zionist settler colonialist agenda of Zikist Igbos who sponsor constant Yoruba hate on social media and orthodox media in Nigeria.

All Yorubas within the Southwest and outside the Southwest of Nigeria should come together to see the evil that is unfolding once again in YORUBALAND.

We are dealing with a group who believe that their roadmap to political power in Nigeria is to deyorubanize Yoruba states and space by capturing political power from the Indigenous Yoruba population by lies, subterfuge, uncontrolled migration, unitary system of government or by cloning themselves into Yoruba politics by adopting Yoruba names

WHAT THE F*** IS THIS
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by fortune1968: 3:59pm On Oct 15, 2023
JagabanB:

Somehow a Nigerian thinks governance is about party, the party doesn't decide what happens, the individual called the president does.
INEC didn't force them on Nigerians, they won election that ur candidate lost.
Nîgeriàns made their choice and their choice is not your candidate.
Leave them alone with their ignorance and mischief.

2 Likes 1 Share

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by IyaTola: 4:02pm On Oct 15, 2023
lordm:
Still don't understand. Put it in layman's term. Will it make cement cheaper?
Yes, as they would flood the market.

1 Like

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by peculiar2233: 4:04pm On Oct 15, 2023
JagabanB:

Somehow a Nigerian thinks governance is about party, the party doesn't decide what happens, the individual called the president does.
INEC didn't force them on Nigerians, they won election that ur candidate lost.
Nîgeriàns made their choice and their choice is not your candidate.
Hope you are already buying your own products at cheaper rate. Oponu
Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by IyaTola: 4:07pm On Oct 15, 2023
Khyrvxjzy:



summarize it in layman
Those items would reduce as the prices in the market as the flood Nigeria market in coming months

1 Like

Re: What You Need To Know About CBN’s Lifting Forex Restriction On 43 Items by Nerdnextdoor: 4:07pm On Oct 15, 2023
ON POINT!!!
Dogalmighty17:
Believe the rubbish above at your peril. What business does the cbn have with the parallel market? The parallel market exists simply as a result of the failure of the CBN to make dollars available so people have to source for dollars elsewhere. The simple truth is that Nigeria is not earning enough dollars. The profligacy and wastefulness of the Jonathan and Buhari government is beginning to catch up with us.

The billions of dollars being stolen from this country has brought Nigeria to its knees. Instead of addressing the thieves, the APC and PDP rather chose to embark on borrowing mindlessly. These loans have to be paid back and serviced in dollars. Presently 96% of Nigerias earnings are channeled into debt servicing. Which useless and stupid CBN governor has been in charge for the past 12 years? That fool Emiefele.

There is nothing the CBN can do now. The present CBN governor is very senseless with this poorly thought out policy. There are better ways to seek harmonization of both the parallel and official market. In the first place, it is even wrong that selling of currency is even a business. That is a very fundamental failure for any Central Bank.
If the CBN can't guarantee availability of dollars in the official market then this policy is as useless as it comes. The parallel market only responds to the official market. The dollar didn't cross 1000 naira until Tinubu came up with a supposed harmonization policy. We all see what a disaster that has become.

BUHARI WAS AN ILLITERATE WITH HIS IMPORT RESTRICTION POLICIES. HE KILLED NIGERIA.

Every economy has things it produces cheaper than other countries. So it is advisable to dwell on what you can cheaply produce and import what another country can produce cheaper. Import restriction policies are failed policies. Nigeria will never be able to produce rice cheaper than India and Thailand can. Restricting imports only forces the prices of inadequate local supply to rise. Just as we have seen local rice do. Multiply this scenario across a number of other sectors and then you understand what damage Buhari really did.

The ban on poultry importation pushed so many people into poultry business. This created a huge demand for poultry feed that the feed making companies in Nigeria still can't meet with. The result, high price of feeds, which leads to high price of birds and eggs at the point of sale. The present price of a crate of eggs is twice what it was at the end of Jonathans tenure.

Nigeria has too many built-in economic efficiencies. We do not have the knowledge base for tertiary industries and secondary even. We can't drive a 21st century economy primarily on subsistence industry. Government can't keep paying lip service to science and technology and expect things should change. It is far easier to steal and which is what our political class have done and keep doing. I have nothing but utter contempt for them.

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