The Ooni of Ife, Oba Enitan Adeyeye Ogunwusi Ojaja II, has expressed his displeasure with the actions of Nigerians who always crave foreign- made products. He disclosed this in an interview with Television Continental in his palace on Tuesday. According to the Ooni, excessive love for foreign- made products is harming the Nigerian economy and putting pressure on foreign exchange. The monarch cited an example of some industrious Igbo businessmen friends who produce goods here and brand them ‘Made in China’, ‘Made in Taiwan’, because Nigerians would not buy them if they were branded ‘Made in Nigeria’. Ooni Ogunwusi said he had always been a lover of made-in-Nigeria products, revealing that at least 60 per cent of his clothing was always Nigerian made at any point in time. Also, he said his love for Nigeria-made products made him transport most of the furniture in his palace from his factory in Lagos. He called on Nigerians to embrace made in Nigeria products because it is the best way to revive our ailing economy. Before his ascension to the throne, the Ooni was an accomplished businessman with business interests in property development and other areas.

www.theheraldng.com/foreign-made-products-harming-nigerias-economy-ooni-ife/

Please help me ask Ooni if Ife:





1. "How Many Locally Made Shoes Does He Has??


2. Does He Eat Locally Made Rice??


3. Does He Have Any Of IVM(Innoson Vehicle Manufacturers) or Their Likes On His Fleet Of Cars??

BeeBeeOoh:
Please help me ask Ooni If He's Wearing Aba made shoes or any locally made shoe??

his clothes looks locally made oh

BeeBeeOoh:
Please help me ask Ooni if Ife:





1. "How Many Locally Made Shoes Does He Has??

You don't know the way to his palace?

2. Does He Eat Locally Made Rice??

You yourself, are you eating locally sourced rice? Are you not buying imported rice from madam phino's stores? If you are a lady, the wig and braids you bought, was it from Nigeria?

3. Does He Have Any Of IVM(Innoson Vehicle Manufacturers) or Their Likes On His Fleet Of Cars??

When did IVM starts manufacturing vehicles? Is Innoson manufucturing Luxury cars? Even you yourself, have you sold your car(that's if you have any) and replaced that with Innoson?
Hypocrite

While I respect the Ooni's role as the paramount Oba of the Yoruba people, I think he should be more circumspect about making such announcements in the future, as economics is clearly not his strong suite. There is nothing wrong with liking imports, and the whole reason for exporting anything is to be able to afford imports in the first place. Taken to its logical conclusion, restriction of imports leads either to mercantilism https://en.wikipedia.org/wiki/Mercantilism#Criticisms or autarkyhttps://en.wikipedia.org/wiki/Autarky, neither of which has ever been shown to lead to a high standard of living (ask the North Koreans).

Nigeria's problem is not that people like foreign goods, but that the only means they have for buying said goods is by exporting unrefined crude oil, a commodity which has never been more readily available than it is today, and with huge amounts more set to come on the international market in the next few years.

Awareness.... lol. New mayor in town.

The locals shld just step up thier games that's all we need. The product will sell itself.

omohayek:
While I respect the Ooni's role as the paramount Oba of the Yoruba people, I think he should be more circumspect about making such announcements in the future, as economics is clearly not his strong suite. There is nothing wrong with liking imports, and the whole reason for exporting anything is to be able to afford imports in the first place. Taken to its logical conclusion, restriction of imports leads either to mercantilism https://en.wikipedia.org/wiki/Mercantilism#Criticisms or autarkyhttps://en.wikipedia.org/wiki/Autarky, neither of which has ever been shown to lead to a high standard of living (ask the North Koreans).

Nigeria's problem is not that people like foreign goods, but that the only means they have for buying said goods is by exporting unrefined crude oil, a commodity which has never been more readily available than it is today, and with huge amounts more set to come on the international market in the next few years.

China took the macatilist route, dats why they rose so fast

basilo101:

China took the macatilist route, dats why they rose so fast

Wrong. Take a look at the graph on this page - http://wits.worldbank.org/CountryProfile/en/Country/CHN/Year/2014/Summary

The same page also information on how China rates in terms of tarrifs and barriers to trade. China's trade-weighted tariff average for 2014 was just 4.74%.