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Nairaland Forum / Nairaland / General / Business / FG To Ban Foreign Goods That Have Local Substitutes (6904 Views)
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FG To Ban Foreign Goods That Have Local Substitutes by mukina2: 10:07am On Jul 18, 2012 |
The Federal Government has made clear in no uncertain terms it impending policy reform that will see ban on imports of goods that have foreign substitutes. http://businessnews.com.ng/2012/07/18/fg-to-ban-foreign-goods-that-have-local-substitutes/?utm_source=&utm_medium=twitter&utm_campaign=fg-to-ban-foreign-goods-that-have-local-substitutes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Seun(m): 11:07am On Jul 18, 2012 |
This is bad Economics. Most foreign goods and services have local substitutes: - European Premier League (Nigerian Premier League) - Calculators (Locally printed 4 figure tables) - Guns used by the police and Army (locally made bows and arrows, cutlass) - Wheat Flour (Garri & Cassava Flour) - Peak/Dano Milk (Cowbell & Jago Powders) - Aeroplanes (locally-made Canoes and Innoson Bus) - Laptops by Apple, HP, Dell (expensive locally assembled laptops with inferior specs). - Facebook (Nairaland) - Google (Nairaland Search) If you were actually to ban all foreign goods with local substitutes, you'd be banning just about everything Nigerians need and love. Nigerians will be miserable. It's madness. It's not even politically feasible. If the government pursues such a policy, the end result is that the government will end up banning goods that are produced locally by the friends of the people in government. Political donors, basically. This short-sighted policy is a recipe for institutionalizing crony capitalism. 12 Likes 1 Share |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Nobody: 11:12am On Jul 18, 2012 |
I "laughter". . . 2 Likes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by feelamong(m): 11:12am On Jul 18, 2012 |
This is long Overdue!!! |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Caracta(f): 11:37am On Jul 18, 2012 |
@Seun, do you really think it's bad economics? Don't you think it will help promote our local industries? Methinks we just need to work on our domestic products and respect them 1 Like |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Okijajuju1(m): 11:53am On Jul 18, 2012 |
Seun: This is bad Economics. Most foreign goods and services have local substitutes: GBAM!!! |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Nobody: 12:17pm On Jul 18, 2012 |
What is clueless, pathetic and has no sense of direction? |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Nobody: 12:21pm On Jul 18, 2012 |
Seun: This is bad Economics. Most foreign goods and services have local substitutes:Seun you are making a jest of yourself by such assertions. Every developed countries in the world understand the importance of closing the borders against foreign goods that have local subsitutes. Is premier League goods ? Seun. learn to differentiate between goods and services. If we have Dangote Cement and other local cements companies, like Ibeto, why must we import cement? Must we import noodles when we have Indomie and others ? Why import Chinese and Turkish furniture when we have local factories. Spare us ignorance and reason before you misyarn. 13 Likes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Freiburger(m): 12:21pm On Jul 18, 2012 |
Seun: This is bad Economics. Most foreign goods and services have local substitutes:lolzzzz |
Re: FG To Ban Foreign Goods That Have Local Substitutes by alaoeri: 12:24pm On Jul 18, 2012 |
Like cassava flour for wheat flour so cassava bread go full ground. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by lafile(m): 12:24pm On Jul 18, 2012 |
The average person knows a good substitute when he sees one. If the locally produced item is of the same quality as the imported one, we will buy local. However the local option is either of a much lower quality or is more expensive. My two kobo. 4 Likes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Freiburger(m): 12:24pm On Jul 18, 2012 |
@ Topic, even the richiest and most powerful nation in world still imports goods that have local substitutes. I cant understand this government ideology. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Nobody: 12:25pm On Jul 18, 2012 |
@Seun, is this a joke? coz nairaland search is powered by google o! 4 Likes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by ismhab(m): 12:26pm On Jul 18, 2012 |
FRESH AIR. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by ifihearam: 12:27pm On Jul 18, 2012 |
Yeah. Henessey's substitute is alomo bitter or ogidiga 2 Likes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Nobody: 12:28pm On Jul 18, 2012 |
iv4fb: @Seun, is this a joke? coz nairaland serach is powered by google o! Do a nairaland search on sarcasm |
Re: FG To Ban Foreign Goods That Have Local Substitutes by alaoeri: 12:29pm On Jul 18, 2012 |
Billyonaire: Seun you are making a jest of yourself by such assertions. Every developed countries in the world understand the importance of closing the borders against foreign goods that have local subsitutes. Is premier League goods ? Seun. learn to differentiate between goods and services. If we have Dangote Cement and other local cements companies, like Ibeto, why must we import cement? Must we import noodles when we have Indomie and others ? Why import Chinese and Turkish furniture when we have local factories. Spare us ignorance and reason before you misyarn.In that case u should stop wearing all those designers of yours and start patronising Aba made. 4 Likes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by betterbest: 12:31pm On Jul 18, 2012 |
Good development, but the question is...re u gonna make our local goods much better than the foreign goods? cox we re tired of imitation....dont start what you cant finish cox a bag beginning makes a bad ending... |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Afam4eva(m): 12:32pm On Jul 18, 2012 |
Ina as much as i want local goods to do well and be patronized, i think people should be given the opportunity to choose what they want. The best the ministry of trade can do is to put in measures that will ensure the patronage of Nigerian goods without people being forced. 3 Likes |
Re: FG To Ban Foreign Goods That Have Local Substitutes by grandstar(m): 12:33pm On Jul 18, 2012 |
This is very very bad economics. Countries do not grow rich by producing goods, they grow rich by focusing resources on area where they have comparative advantage. Free trade as always been best! The largest economy in the world is the world market. For instance, the power consumption of the office equipments in California alone is 6,000MW. that is more than our current power generation. What we ban will simply be smuggled inside turning what is a legitimate business into a criminal one. The EU has open borders within its members and that is why it thrives. Export and not import substitution is the key to growth. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Joey82(m): 12:33pm On Jul 18, 2012 |
This Aganga guy sef, I know he wears italian shoes yet we have Aba made. Hw abt the bilateral trade agreements nigeria signed with other countries? sure it also includes importing items with local subs na. maybe instead of importing toothpicks, we'll use brooms as subs instead of importing lighters, we can resort to cracking stones |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Nobody: 12:34pm On Jul 18, 2012 |
Good move by the government in my opinion if only the issues crippling local manufacture can be dealt with once and for all. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by megxo(m): 12:35pm On Jul 18, 2012 |
SimonAndal: What is clueless, pathetic and has no sense of direction?NIGERIAN GOVT. unkul, is ma ansa correkt 1 Like |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Eltonluigi(m): 12:36pm On Jul 18, 2012 |
There is no way I'm givin' up my Listerine mouthrinse for any other locally produced Hydrogen peroxide out there #NoWay. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Euroclydon(m): 12:38pm On Jul 18, 2012 |
This is not a problem ma people...Leadership by example wuld hav to come to play abi no be so? |
Re: FG To Ban Foreign Goods That Have Local Substitutes by greall1: 12:39pm On Jul 18, 2012 |
Obasanjo try such a thing before. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by megxo(m): 12:41pm On Jul 18, 2012 |
greall1: Obasanjo try such a thing before.on toothpick n cotton bud ba |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Nobody: 12:41pm On Jul 18, 2012 |
Long overdue,theu should staryt from somewhere and then see how it progresses. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by DExplorer1: 12:42pm On Jul 18, 2012 |
@POST: Good move by the government. It will help in massive growth of local products and hence provide more employment. |
Re: FG To Ban Foreign Goods That Have Local Substitutes by Freiburger(m): 12:44pm On Jul 18, 2012 |
A country that can't guarantee a stable electricity suppy thinking of industrial revolution, inflation will surpass, i ve always have this horror vision that this government's plan is bankrupting the country as soon as possible. |
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