SeaTrade:
Many?
Then who are those having all the backlogs of fx the CBN is trying to clear?
Rebaggers or 40ft container traders?

and who told you everyone sources FX from Cbn. How are importers of spare parts, electronics or even frozen food doing it 😒

Same party, different personality.

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.

oluwasegun007:
All this items no go get impact until cars join the list

It is the changing of the narrative that is funny to me
They said they did not ban them from importation
They only delisted them from accessing forex.
Well
That explains why production locally was slow?

So this current administration is saying the last administration was lying importation ban items to boost local production.
Meaning all that rice noise was false

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

Bruhh, this write-up is the simplest of the simplest article that even a wheelbarrow pusher can understand.

unless you're an aboki shoemaker or aboki scavenger

Optimistic! May story change beyond the watery inputs.

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.

create your Biafra and let OBi be your president and make it like Dubai

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 influenced this your long diatribe ?

I don't see the place of this position in this particular topic about CBN FX policy

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.

Keep deceiving yourself

And wld the value of the Naira increase?

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

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

Keep deceiving yourself. Idleness is really a devil's workshop. I hope they are paying you else you are the biggest fool in the world.

Obagreatdatoye:
The lifting of the ban is a good one

will it make them cheaper?

Kennitrust:
will it make them cheaper?

Sure

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

Trash big trash .

Thats the point bro. The strategy outlasted it benefits and gave all the signs and indication to show that, but the Buhari govt was still-dead to simply reverse it!

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.

Will they be making the importation with naira

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.

abibun:
Will they be making the importation with naira

No. They won’t import with Naira but they can now approach CBN for dollars instead of going to black market which was adding to the pressure on the black market and making value of dollar to skyrocket.

Tribalism and religion is affecting us cos we're handling these things the wrong way. Nonetheless genuine love can cure our hatreds, prejudice, Hippocrates,ill mannered thoughts and unites us all. There's strength in UNITY,decided we will fall.

Bro, if CBN have enough dollars, I don't think people will opt to get it from black market.

Penguin2:

No. They won’t import with Naira but they can now approach CBN for dollars instead of going to black market which was adding to the pressure on the black market and making value of dollar to skyrocket.

Still asking.does it mean that these items will no longer be ceased by costoms.

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.

Banning cannot solve anything unless the fundamentals are put in place. That is what the previous admin should have addressed head on, but failed woefully.

Epileptic power, poor road network and then of course security should have been taken care of. How do you expect me to farm when killer herdsmen are breathing down my neck?

In the end it was still cheaper to source aboki dollars and then import.

𝑰𝒕'𝒔 𝒂 𝒘𝒆𝒍𝒄𝒐𝒎𝒆 𝒊𝒅𝒆𝒂,𝒄𝒂𝒖𝒔𝒆 𝒇𝒐𝒐𝒅 𝒑𝒓𝒊𝒄𝒆𝒔 𝒘𝒊𝒍𝒍 𝒄𝒐𝒎𝒆 𝒅𝒐𝒘𝒏 𝒕𝒐 𝒕𝒉𝒆 𝒄𝒐𝒎𝒎𝒐𝒏 𝒎𝒂𝒏. 𝑾𝒆 𝒂𝒓𝒆 𝒔𝒕𝒂𝒓𝒗𝒆𝒅!

abibun:
Bro, if CBN have enough dollars, I don't think people will opt to get it from black market.

Isn't that the point? CBN clearly doesn't have NEARLY enough dollars, so in the end people will still resort to black market

dexmond:
Nigerians should ask the government the following questions:

1. What happened to all the dollars that come into the country via crude oil sales? How does CBN handle it for the government?

2. When the formost economist Mr Boyo was alive, he spoke about how activities in the parallel market gets very active during FAAC allocation. These spike in the parallel market activities were usually driven by wholesale demand for dollar by politicians. The question is, what do politicians do with the dollars if not to store in Septic tanks or send it to offshore account.There should be a complete ban on BDC operations.

Nigerians should be asking these lines of questions.

Well said. In fact, most of these BDC's owners are politicians and top apex bank workers. Corruption

Penguin2:

No. They won’t import with Naira but they can now approach CBN for dollars instead of going to black market which was adding to the pressure on the black market and making value of dollar to skyrocket.

What an explanation!

So we now have surplus forex in CBN to take care of additional demand ?


Orisirisi

Larryndelaw:
create your Biafra and let OBi be your president and make it like Dubai

maluu don talk

We still get forex from sale of crude oil and the FG under Buhari/Emefiele still diverted a lot to the Bureau the change and benefited from arbitrage. That is always the problem corruption and saboteurs everywhere.

If we are true patriotic Nigerians we will buy Nigerian rice and chicken at least.

If you see this foreign chicken we were being sold often times it is rotten and they will put chemical to make it look like it is okay.

Incredible128:
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?

Nigerian government and inconsistent policy na 5 & 6

Shior. Running round in circles...
You banned forex for the products that can be produced in Nigeria but where is the electricity for mass production? Where are the safe roads for distribution? Safe farms from unknown gunmen?

Na una ban, na una unban. Will prices ever go back?

TrumpDonald2:

Keep deceiving yourself

I am not an Obi boy

Rowj:
please tell them, I stop to comment since I discovered that we always politicize everything we seems not to see good things coming from another party, tribe or religion,,,, so bad.

There's time for polîtics and time for governance, we can be divided on polîtics but united on governance, but in Nigeria, the masses politicize even the governance and they keep suffering from year to year.

Otolomo1:
Your
Son
Will
Not
Die
🧠🧠🧠

Makes no meaning actually.