Newmanluckyman:
... Then if our govt, economic experts and pundits can't understand that "conundrum" you rightly mentioned then one can significantly draw conclusions that high or increase in our external reserves haven't benefitted the masses. This position will hold until we are able to unravel the mysteries surrounding that "conundrum".

seguno2:


Who imposed the very high tariffs?
Who was president in 2013?
Who?


https://gain.fas.usda.gov/Recent%20GAIN%20Publications/Nigeria%20Begins%20Implementation%20of%20Rice%20Levy%20Increase%20_Lagos_Nigeria_1-25-2013.pdf

rusher14:


You simply wish to conclude on a simple economic strategy even against all known outcomes.

The common man cannot depend on a single product for sale to the rest of the world whilst depending on the others for every other thing, yet expects the local currency to prevail against others. Would never work.

APCmyheart:
Are you trying to infect my PC with trojan? what nonsense source is that....

WHat is the essense of give law and not implementing it, What have we been eating between that 2013 and 2015 is it local rice? Oga shut up...

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY

seguno2:


The source is from the US government. The ones who made your PC possible in the first place.



Implementation is a gradual process.
Was that why your Buhari tried to reverse the ban in October 2015 before he was pressured to change his mind?

Newmanluckyman:
... This position will hold if other mono economies are on equal footing with Nigeria. Briefly compare Saudi Arabia, Russia,Iraq,Iran which are mono economies with Nigeria both in terms of each countries external reserves, inflation rate,unemployment figures, pumping price, poverty level and standard of living. Whilst we can't account for our increase in external reserves vis-a-vis those aforementioned indices, those countries can and have added meaning to the lives of its citizens notwithstanding we are all mono economies. So what went wrong?

rusher14:


Monoeconomy but different payloads.

Analogy -

Eloho and Efe.

Eloho is a security guard with Chevron.

Efe is a security guard with Zenon oil.

Please tell me if their kids would likely attend the same school.

The population of Saudi Arabia = 28 million

The population of Nigeria. = 160 million

Oil production per day Saudi Arabia = 10 million

Oil production per day Nigeria = 2.2 million (peak)

Neighbours Saudi Arabia. = Egypt, Iran, Iraq, Oman, Bahrain


Neighbours Nigeria = Benin, Chad, Cameroon, Niger.

Put things in perspective. Selling one product would never suffice for the most populous black nation considering we don't even run a monopoly of the commodity.

pensil:
Insults are the arguments of those in the wrong - Jean Jacques Rousseau. when 'be clever' isn't clever, hope is lost
[
quote author=BeClever post=52288926]


Fools like you are deaf when SGF turned a grass cutter...
When DSS has something to say about Magu. .

You couldn't even ask what up to 75% and 100% of 2015 and 2016 respective budget allocations were used on since recession induced hunger made you to start using TF Kunu as stew on your queue-to-purchase Lake rice..

Okoko!

APCmyheart:



Must you import then, Why not invest your money locally... you are one of Nigeria problem always want to import foreign goods..

before we depend on Foreign rice from Thailand, But PMB ban importation of rice so we can also start farming and today Nigerians are eating locally made rice did anyone died of eating the rice? Did you know how many billion will circulate around with that initiatives?

DropShot:

Some of you think there is magic to make Naira strong against the dollar. Perhaps you think PMB could print some dollars to replenish our foreign reserves that was looted by GEJ and his cronies.

2sexynet:
you are not serious mr man. Was it not APC that said they will make $1 =1naira?

Or was my dead grand mother that said those?

DropShot:

Give me the link to that lie of promising to make a naira equal $1. If you can prove APC/Buhari said it, I will pay you N20k today.

But remember to show me in the news report where it was specifically said.

Some of you are too naive and immature to differentiate between authentic news and sensational news.

2sexynet:

http://dailypost.ng/2015/03/23/i-will-make-naira-equal-in-value-to-dollar-buhari/