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.

BoldBrainz:


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.

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

kokakola:
This is a step in the right direction if they have plans for the Economy and Local industries in their short and long term plans.
The last administration failed with their policy by putting the cart before the horse and with selfish policies. I hope going forward we'll get things right, irrespective of who is in power.

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.

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.

Penguin2:
Placing FX restrictions on these products was well intentioned but I guess other variables made it become unattainable for now.

The CBN is therefore right to lift the restriction for now so that the importers of those items will not be putting pressure in the black market which adds pressure to the Naira.

It’s an intricate situation really.

Artiiclebeast:
Rigmarolic trial and error government and CBN.

Suppose they've struggled to meet the FOREX demands despite these initially exempted 43 items. How do they intend to meet the demand with these extra 43 coming on board to pile pressure on the never-available FOREX further?

Voodoo economists playing ping pong with the economy and lives of the citizens under the direct supervision of their slave masters at BRETTON WOODS (IMF, WORLD BANK, etc).

Mark this comment.

They'll still reverse this decision and re-ban these items.

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

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.

IyaTola:
You too pessimistic jare

IyaTola:
Those items would reduce as the prices in the market as the flood Nigeria market in coming months

Dogalmighty17:


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.

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

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.

SeaTrade:
You already have machinery, structure on ground.
You just don't up and leave.

ednut1:
many manufacturing companies in Nigeria have packed up their machinery. They simply import and rebag

lordm:
Still don't understand. Put it in layman's term. Will it make cement cheaper?