Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows - Business (2)

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Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows - Business (2) - Nairaland

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Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Solidex(m): 7:57am On Feb 22

Agriculture is also what I think is the way forward but, the government of the day seems uninterested in tackling the core issues. They are more engrossed in dishing out unrealistic palliative policies that has no long term impact on the masses. There policies are inconsistent, unreliable, unrealistic, dubious and unsustainable.
It is very obvious they are not ready to change narrative, rather what they are doing is mere window dressing.
If farmers are given more confidence to go back to various farmlands by improving on their security, providing them with the required incentives and setting up strutures for the processing and transportation of their crops, I believe a lot will change in the nearest future.
Nothing has been done to improve on our domestic productivity. The national grid collapse every now and then, yet we haven't seen any commitment from our government to solve this problem.
All we have seen in recent times is is bullying innocent traders and business men to reduce price at the detriment of lossing thier profit.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by malali: 7:59am On Feb 22

Acidosis:

Lol

We have over 150 institutions already, offering agricultural courses.

The question is what do you have for them upon graduation? Most of these people will end up selling Ankara and bags on WhatsApp. Some end up in the bank.

You are absolutely right !! There needs to be national orientation that farming is not a bad profession.
Government should lease 1000 Acres from states that have land and hire these people as government farm workers to manage and run the place, and slowly sell it to private firms. Or get them to bid and facilitate from the beginning. These ventures will pay for themselves and even make profit. Start mega poultries, give tax waivers and import waivers to these start ups and when they start making profit after a couple of years you start taxing them.

1 Like

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by malali: 8:02am On Feb 22

willi926:

Will the Bandits and herdsmen allow them plant there crop and harvest them in peace

Even the Bandits and herdsmen are feeling the heat now. Are they not Nigerians ? Are bandits and herdsmen buying petrol in another country ?
Is the cost of living better for Mr Bandit ? If Bandit is dying of hunger, I am sure they will leave the farmers alone. These Bandit issue can be solved at the grassroots.

The village heads, and the smaller communities know who these people are, Bandit no be spirit.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by malali: 8:05am On Feb 22

nairalanda1:

Most people go to colleges and universities of agric to get the paper qualification, not to actually set up a farm...

If government incentivizes the graduates, they will go to the farm. If Billionaires start emerging from the farming sector.
A lot of people will go to the farms. China buys land in Africa just to come and farm and export it back to China, because its more affordable that way.
But we the Africans dont want to farm, everybody wants a job they can sit behind a desk and wear a tie.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by malali: 8:07am On Feb 22

chopnaira:

Same in Canada too. The interest rate on lending is currently very high and it seems Canada escaped recession by whiskers. It's not out of the threats of recession yet as that would depend on how fast the bank of Canada can adjust it's monetary policy.

Exactly !!
The nigerian government needs to let them know its all over the world. Nigerians case is worse because they chose these recessionary times to remove 2 subsidies at the same time !!

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by godofuck231: 8:12am On Feb 22

Nigerians decided not to function now the rich and colonials enslaving them are now realising the true fact , without Africa europe will starve

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Gboom: 8:24am On Feb 22

atobs4real:
They have bringing UK into this recession now.
They want to tell us that UK is also going through this mess

You no dey watch CNN, BBC, Sky News?

Japan is also in recession.

The Nigerian problem is that people are not sincere both in government and we the governed

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by idanone(m): 8:27am On Feb 22

malali:
The whole world is slowing. A lot of over leveraged businesses are folding up.

The US interests rate is at an all time high about 8%. The UK interests rate is also high, So is Australia, Japan etc

Very few business can borrow money and guarantee and interest greater than 8% to pay back.

So a lot of multinationals are cutting back, its time for Nigeria to look inwards, cheaper food, cheaper housing.

Government should look for people who are agriculturally minded in crops and animal husbandry, send them to brazil and China on scholarship(3-6 months), Let them learn how these people mass produce crops and animals. Then come back to Nigeria and assist them to set up huge Farms and animal produce.

We have over 30 accredited colleges of agriculture in Nigeria, graduating students every year. Food security should not be a problem.

that is one of the things I thought tinubu would have done.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by AbuTwins: 8:29am On Feb 22

malali:

If we are not producing enough to move with current times, probably not good.
Nigeria needs to be able to export crops and animals.

I mean how is the curriculum in all our colleges of agriculture?

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Verbtips(m): 8:30am On Feb 22

I can only believe when
$500=1500naira

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by cococandy(f): 8:39am On Feb 22

Great idea. But they cannot guarantee the safety of these farmers.
and tribalism won’t let us call a spade a spade

malali:
.

Government should look for people who are agriculturally minded in crops and animal husbandry, send them to brazil and China on scholarship(3-6 months), Let them learn how these people mass produce crops and animals. Then come back to Nigeria and assist them to set up huge Farms and animal produce.

We have over 100 accredited college courses of agriculture in Nigeria, graduating students every year. Food security should not be a problem.

1 Like

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Igbek76: 8:39am On Feb 22

atobs4real:
They have bringing UK into this recession now.
They want to tell us that UK is also going through this mess

See one of the idiots?

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by malali: 8:44am On Feb 22

cococandy:
Great idea. But they cannot guarantee the safety of these farmers.
and tribalism won’t let us call a spade a spade

Do you think the bandits are not feeling the economic pinch ?
If bandits come to abuja, will the senators run away ?
If bandits come to aso rock will the president flee abroad ?

We need to address these bandit problem, are there people benefitting from the chaos financially ?
Security votes in billions are given to these states to combat banditry ? We will never stop having bandits .....when there is a reward system in place.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by oilyngbati(m): 8:53am On Feb 22

Faposky95:
When the North invited the Igbo to join their purported protests, what did Ohaneze say...?!
You see, being intertwined in this contraption is enough reason to want out.
UK, US, JAPAN.....who else have low trades with us......
The Igbo would have seen this and instead of invest in cows... sought a deal to have NIGERIA be the N in BRINCS.......??!!!!
Unfortunately, our leadership gawks at any given time T

Typical ipob

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by worksmart(m): 9:04am On Feb 22

UK economy may be slowing because trade with Nigeria is dropping.
Nigerians cannot spend what we usually do on imports because of our destroyed economy.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Acidosis(m): 9:05am On Feb 22

malali:

You are absolutely right !! There needs to be national orientation that farming is not a bad profession.
Government should lease 1000 Acres from states that have land and hire these people as government farm workers to manage and run the place, and slowly sell it to private firms. Or get them to bid and facilitate from the beginning. These ventures will pay for themselves and even make profit. Start mega poultries, give tax waivers and import waivers to these start ups and when they start making profit after a couple of years you start taxing them.

I have never been a fan of "sending people to the farm." Nobody will listen to you. Agriculture right now is very unattractive to many graduates. Folks who studied agric courses spent 5 years in school; they're not going to go through that stress only to end up with miserable and insecure jobs with peasant pay.

To make agric attractive, we need to move away from peasant farming to modern day practices. Lets get local and international investors to invest in that sector. If Tony Elumelu or the Adelekes, Otedolas and Dangotes decide to invest in that sector, graduates will apply in their numbers.

We can't abandon that sector to the "Kamorus" looking for 35k earners and hope that people who spent 5 years studying Agricultural economics and extension in FUTA will send their CVS. They won't. I'll rather burn my certificates than pick up a h.oe and cutlass too. We must evolve and make that sector attractive.

We don't have to send 100,000 graduates to the farm. This sort of schemes have consistently failed over the years. Till tomorrow, it will continue to fail.

We only need two or three serious investors to look into the sector. We didn't have to send graduates to the Niger Delta to explore oil. All we needed to do was attract the likes of Shell. So why are we trying to send broke people to the farm with some miserable loans and empowerment? To do what?

1 Like

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by malali: 9:13am On Feb 22

Acidosis:

I have never been a fan of "sending people to the farm." Nobody will listen to you. Agriculture right now is very unattractive to many graduates. Folks who studied agric courses spent 5 years in school; they're not going to go through that stress only to end up with miserable and insecure jobs with peasant pay.

To make agric attractive, we need to move away from peasant farming to modern day practices. Lets get local and international investors to invest in that sector. If Tony Elumelu or the Adelekes, Otedolas and Dangotes decide to invest in that sector, graduates will apply in their numbers.

We can't abandon that sector to the "Kamorus" looking for 35k earners and hope that people who spent 5 years studying Agricultural economics and extension in FUTA will send their CVS. They won't. I'll rather burn my certificates than pick up a h.oe and cutlass too. We must evolve and make that sector attractive.

We don't have to send 100,000 graduates to the farm. This sort of schemes have consistently failed over the years. Till tomorrow, it will continue to fail.

We only need two or three serious investors to look into the sector. We didn't have to send graduates to the Niger Delta to explore oil. All we needed to do was attract the likes of Shell. So why are we trying to send broke people to the farm with some miserable loans and empowerment? To do what?

I have always been an advocate for the governement to saddle all the people with oil wells and monopoly businesses to also venture into large scale farming. You cannot just take oil well license and the people from your state cannot afford corn or yam in the market and you have 3 houses in France. When you can finance a farm that will profit enough to pay for itself and hire 1000 Nigerians to work there.

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Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Quebec91(m): 9:25am On Feb 22

willi926:

Will the Bandits and herdsmen allow them plant there crop and harvest them in peace

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by cococandy(f): 9:39am On Feb 22

I agree

malali:

We need to address these bandit problem, are there people benefitting from the chaos financially ?
Security votes in billions are given to these states to combat banditry ? We will never stop having bandits .....when there is a reward system in place.

1 Like

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Artscollection: 9:47am On Feb 22

They are using the hungry media to shift their goal post. Even with recession they are living fine

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Akamon(m): 10:03am On Feb 22

The remittance from UK is artificial. Most remittances are student remittance for round tripping.
They send dollar back home, convert it to Naira, use the CBN trade system to pay their school fees.
The remaining balance is used to buy dollar back into their dollar account or invest it back home.
While others is for Aboki forex trading

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Jamestown123: 10:37am On Feb 22

malali:
The whole world is slowing. A lot of over leveraged businesses are folding up.

The US interests rate is at an all time high about 8%. The UK interests rate is also high, So is Australia, Japan etc

Very few business can borrow money and guarantee and interest greater than 8% to pay back.

So a lot of multinationals are cutting back, its time for Nigeria to look inwards, cheaper food, cheaper housing.

Government should look for people who are agriculturally minded in crops and animal husbandry, send them to brazil and China on scholarship(3-6 months), Let them learn how these people mass produce crops and animals.

All those billionaires with Oil wells and those Oligarchs with Monopolies should also run farms to assist their communities. They should contribute their quota, Nigeria cannot abandon farming to the poor rural people and share the lucrative businesses licenses amongst the elites.

We have over 100 accredited college courses of agriculture in Nigeria.

This has been my opinion since the on set. We can't leave agriculture to only people in the villages. Government need to give money to any big firms ready to farm in a large quantity.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Fearurcreeator: 10:39am On Feb 22

Agbegbaorogboye:

This is an uncharitable thing to say

Okay na... Many of them no choose agric write jamb se

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Fearurcreeator: 10:40am On Feb 22

willi926:

😂. How would I know. But wat I know is that those herdsmen are one of the farmer problems in this country

To some part

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Faposky95: 11:08am On Feb 22

oilyngbati:
Typical ipob

here, a like...!!!
...like the kids we taught to take criticism as a way of humans even when we were kids

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by Juju70(m): 11:50am On Feb 22

But pounds still standa gidigba! Which levels?

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by franktech(m): 12:45pm On Feb 22

People do not send money to nigeria again because it will devalue within a week. Clueless people that voted this government will sheepishly believe the writeup.

Re: Remittances, Trade With Nigeria Seen Dropping As UK Economy Slows by JagabanB: 6:27pm On Feb 22

malali:

The world has developed farming tactics, that we dont have in Nigeria.
The farmers in Nigeria are mainly local, Science and technology has changed a lot.
There are hybrids, pesticide resistant seeds,
A lot has changed. We need to learn these new technologies and come and implement them.

You think we don't have those hybrids, pesticide resistant seeds here in Nigeria?
LOL.
Have u visited those institutions dedicated to agriculture?
Have u worked with agriculture oriented companies in Nigeria?
Have u worked with farmers?
U will realize we have them here in Nigeria, the funds to make to function on a large scale is what is needed critically.

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