lielbree:
I weep for my country. Ghana dose not import rice. They are blacks like us..,

What's wrong with us??

agabusta:
What now happens to all the efforts to stimulate local production of rice??

Nigeria and policy somersaults eh.

Well, some short term advantage will accrue from this:
-cheaper rice


Long term disadvantages
-pressures on naira will continue as people continue sourcing for scarce foreign exchange for rice imports.
-if the local production is not well protected and nourished, this new directive can kill off the production.

SnowJay92:


Are you certain there was substantial investment in rice farming? Last I checked the govt never lifted a finger with regards to that.

Grundig:
I've got mixed feelings about this. But, most importantly, there'd be rice, CHEAP RICE this December. Shouldn't be more than 12k per bag.

donphilopus:


You're the dull@rd here Mr Man. Buhari didn't tighten security at the borders because imported rice were harmful for consumption. What they said was that, as a result of the ban of rice, importers were importing rice with coffins and mixing rice with other harmful substances so they could evade arrest at the border.

Try and use your brain next time. You don't just rush to term the President a dull@rd at any given opportunity.

anonimi:


You can't marry until you have:

- a car
- a house
- a 6 figure salary

Does that sound reasonable or stupid


www.nairaland.com/attachments/3504410_internet_jpeg8efe841e125b21f5a740dc528a146d09

agabusta:
What now happens to all the efforts to stimulate local production of rice??

Nigeria and policy somersaults eh.

Well, some short term advantage will accrue from this:
-cheaper rice


Long term disadvantages
-pressures on naira will continue as people continue sourcing for scarce foreign exchange for rice imports.
-if the local production is not well protected and nourished, this new directive can kill off the production.

booblacain:


Just last year rice was sold for 7k, you expect to buy rice for 12k in December and you call it cheap. See what they are doing to you people.

BerryBlaster:
We are so vulnerable in this country. Did anybody bother checking the date of this news?  Publish Date: Oct 7 2015 6:57PM

donphilopus:


You're the dull@rd here Mr Man. Buhari didn't tighten security at the borders because imported rice were harmful for consumption. What they said was that, as a result of the ban of rice, importers were importing rice with coffins and mixing rice with other harmful substances so they could evade arrest at the border.

Try and use your brain next time. You don't just rush to term the President a dull@rd at any given opportunity.

chigoizie7:


Please explain what u meant by, govt never lifted a finger with regards to what.

As for being certain that there was substantial investment in rice farming? Well, I know of Anambra,( so much investment, even though it will not cater for all our consumptions) ebonyi also, even kogi , it might not be enough,yes, but instead of encouraging them to do more, or making others who has not invested in it to go in owing to the evidence of profitability in the venture, but all govt can do is to bring competitions for them, (pikin Wey never begin walk, u wan make him be run, not just run but to compete in the olympics).

The FG reason for lifting the ban was not about sufficient investment in the rice production venture, but their inability to apprehend and catch smugglers operating at the borders. ( they were all like, since we can't catch these people bringing in this rice, let us lift ban on it,at least make we the collect small change from them) but they are myopic, because all our neighbours does not produce all those types of Taiwan or Spanish rice ( they are all imported into those countries and duty and other levies or taxes paid to those governments but it is we the Nigerians that will bear the final cost) if it is about sufficiency, they would have unbanned it, open the ports, earn revenue for FG and even checkmate on the conditions and durability of the products. But no, they want cheap money only aimed at killing the local manufactures.

If customs were doing their jobs well, those banned rice even the so called poisoned rice can never find its way near Naija borders.

idesylvester:
So wat do u think... get married while leaving under d bridge... or plan ur wedin wen u mum n dad still feeds u.. bro r u thinkin wit ur d*ck.. mind u,car is nt compulsory

chigoizie7:
Damn it.

Maybe I am the only one seeing this in another angle.

1. Nigerians so much love "IMPORTED GOODS".

2. FG banned the importation of rice.

As a result of 2, many people invested in rice businesses ( cultivation of local rice in large quantity and milling in local industries)

3. Many people started investing in rice cultivation and so on, so as to take the advantage to make more money, create employment, and even ease up a bit the demand for fx (fx being sourced for the importations of this very goods).

4. Investors have invested, purchase of lands, setting up machineries and are patiently waiting for cultivation time (many who invested in rice are saying that their produce will be ready by December).

5.all of a sudden, FG, just lifts ban on importation of same rice.

IMPLICATIONS.

1. What will be the fate of all those that ventured into rice farming and all that? I guess the market will no longer be favourable to them ( Nigerians love anything FOREIGN).

2. From what I read up there. It says that restrictions are on land/boarders" which means, it is allowed for Nigerians to import rice into countries like Benin republic, chad and even Niger, pay customs duty to their ports, pay all tax associated with importation in their country, clear the goods,(all these money is going into the coffers of the respective countries). And then brings it into Nigeria via the boarders and then still pay (who will bear the cost of all these spendings? I guess, the final consumers). Now who is cheating who and who is fooling who?

3. What if the market is not favourable to those who invested in rice farming, thereby making them loose or unable to recover the money spent. Do we still think these people will remain in business or fold up? ( govt is meant to create an enabling environment to investors who are investing en mass for the 1st timeM at least to boost their confidence in the govt).


To me, I think this is lack of govt policy( make a strong policy and stand my it.

To me, many people will not want to invest in Naija because of their lack of strong and firm policies,( they can twist and change anytime) what investors need is being steady with your policies. I think this will affect Naija in other sectors or areas.




In as much as it will ease some pains on the immediate , but what about long run?

It does not make sense to me, u told me to stand in the rain for some time to enable u fix the roof of my house properly, I accepted to, having in mind that it will be fixed properly so that it will last me a long time, but half way into the repairs, u asked me to come that u will fix it anyhow for me to stay for the mean time( u didn't do it properly, which means it will still spoil soon).




Anyways, I might be very wrong, but this is what I thought.

We have been enduring for some time, why not beg us to remain steadfast? As there is light at the end of the tunnel? It shows that they lacked the will power to stand to their words. No economy survives with policy and counter policies.

donphilopus:
You're the dull@rd here Mr Man. Buhari didn't tighten security at the borders because imported rice were harmful for consumption. What they said was that, as a result of the ban of rice, importers were importing rice with coffins and [b]mixing rice with other harmful substance[/b]s so they could evade arrest at the border.

Try and use your brain next time. You don't just rush to term the President a dull@rd at any given opportunity.

chigoizie7:


Please explain what u meant by, govt never lifted a finger with regards to what.

As for being certain that there was substantial investment in rice farming? Well, I know of Anambra,( so much investment, even though it will not cater for all our consumptions) ebonyi also, even kogi , it might not be enough,yes, but instead of encouraging them to do more, or making others who has not invested in it to go in owing to the evidence of profitability in the venture, but all govt can do is to bring competitions for them, (pikin Wey never begin walk, u wan make him be run, not just run but to compete in the olympics).

The FG reason for lifting the ban was not about sufficient investment in the rice production venture, but their inability to apprehend and catch smugglers operating at the borders. ( they were all like, since we can't catch these people bringing in this rice, let us lift ban on it,at least make we the collect small change from them) but they are myopic, because all our neighbours does not produce all those types of Taiwan or Spanish rice ( they are all imported into those countries and duty and other levies or taxes paid to those governments but it is we the Nigerians that will bear the final cost) if it is about sufficiency, they would have unbanned it, open the ports, earn revenue for FG and even checkmate on the conditions and durability of the products. But no, they want cheap money only aimed at killing the local manufactures.

If customs were doing their jobs well, those banned rice even the so called poisoned rice can never find its way near Naija borders.

chigoizie7:
Damn it.

Maybe I am the only one seeing this in another angle.

1. Nigerians so much love "IMPORTED GOODS".

2. FG banned the importation of rice.

As a result of 2, many people invested in rice businesses ( cultivation of local rice in large quantity and milling in local industries)

3. Many people started investing in rice cultivation and so on, so as to take the advantage to make more money, create employment, and even ease up a bit the demand for fx (fx being sourced for the importations of this very goods).

4. Investors have invested, purchase of lands, setting up machineries and are patiently waiting for cultivation time (many who invested in rice are saying that their produce will be ready by December).

5.all of a sudden, FG, just lifts ban on importation of same rice.

IMPLICATIONS.

1. What will be the fate of all those that ventured into rice farming and all that? I guess the market will no longer be favourable to them ( Nigerians love anything FOREIGN).

2. From what I read up there. It says that restrictions are on land/boarders" which means, it is allowed for Nigerians to import rice into countries like Benin republic, chad and even Niger, pay customs duty to their ports, pay all tax associated with importation in their country, clear the goods,(all these money is going into the coffers of the respective countries). And then brings it into Nigeria via the boarders and then still pay (who will bear the cost of all these spendings? I guess, the final consumers). Now who is cheating who and who is fooling who?

3. What if the market is not favourable to those who invested in rice farming, thereby making them loose or unable to recover the money spent. Do we still think these people will remain in business or fold up? ( govt is meant to create an enabling environment to investors who are investing en mass for the 1st timeM at least to boost their confidence in the govt).


To me, I think this is lack of govt policy( make a strong policy and stand my it.

To me, many people will not want to invest in Naija because of their lack of strong and firm policies,( they can twist and change anytime) what investors need is being steady with your policies. I think this will affect Naija in other sectors or areas.




In as much as it will ease some pains on the immediate , but what about long run?

It does not make sense to me, u told me to stand in the rain for some time to enable u fix the roof of my house properly, I accepted to, having in mind that it will be fixed properly so that it will last me a long time, but half way into the repairs, u asked me to come that u will fix it anyhow for me to stay for the mean time( u didn't do it properly, which means it will still spoil soon).




Anyways, I might be very wrong, but this is what I thought.

We have been enduring for some time, why not beg us to remain steadfast? As there is light at the end of the tunnel? It shows that they lacked the will power to stand to their words. No economy survives with policy and counter policies.

anonimi:


So anyone who does not own a house is living under the bridge?
Anyone who does not earn a six-figure salary is being fed by mum and dad, right?
I thought you were redeemable. My mistake.


www.nairaland.com/attachments/3517331_image_jpeg9f360c5ab7736510df54c882e9dbf188

SnowJay92:
Firstly the ban on rice importation was rash, uncalculated and very ill-timed. You have a country of over a hundred and fifty million hungry people and you just ban importation without even as much as any plans to set up the farms, talk less of actually cultivating the farms,

Even after the banning has there being any bold move by the FG to stimulate local production? Or you believe just banning rice would do the magic?

Forgive me if I don't share your optimism, but have you been to any of the the states you mentioned above to see things for yourself or you're letting all these media imagemaking deceive you?

Luizkid:
the ban shouldn't have been in the first place cos we ain't ready, if u're familiar with seme border u'll know those customs men are just enriching themselves and intimidating poor market women yet d rice keeps coming in. This decision can never affect local production because if the quality is improved i see no reason to buy a bag of foreign rice for 15k wen i can get local rice for 7k

SnowJay92:


Firstly the ban on rice importation was rash, uncalculated and very ill-timed. You have a country of over a hundred and fifty million hungry people and you just ban importation without even as much as any plans to set up the farms, talk less of actually cultivating the farms,

Even after the banning has there being any bold move by the FG to stimulate local production? Or you believe just banning rice would do the magic?

Forgive me if I don't share your optimism, but have you been to any of the the states you mentioned above to see things for yourself or you're letting all these media imagemaking deceive you?

Melonny:
Well, the short term effects of this is the price per bag will reduce thus making per bag cheap and affordable but the local producers will suffer.. lifting the ban will encourage dumping which will give the local producers no chance (reduced market share)
We all understand the law of demand and supply..Not buying from local producers will lessen the demand for Naira and buying imported rice will demand more supply of Naira in exchange for the exporters home currency(hedging technique). More demand- high price while more supply- low price
Conclusion- Naira's value will weaken the more at the long run.

agabusta:


Abeg keep quiet. You people were the one screaming that his policies drove up the price of rice, now he has agreed to the pampering that the consumerist nation Nigeria wants and you are still wailing