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Nairaland Forum / Nairaland / General / Business / FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives (30663 Views)
Budget: FG Raises Non-oil GDP Projection To N104tn / FG Slashes Import Duties On 115 Items / Government Raises Import Duties On Consumable, Luxury Goods (2) (3) (4)
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Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Mibellconsult: 8:27am On Jan 03, 2017 |
GoggleB: I'm extremely disappointed in you, This man lack wisdom. This is another hardship year for Some Nigerians. Let me educate you and your president. We have poor supporting system to grow in Local production, We can not succeed in Rice farming because we can not even feed our nation with garri produced from our cassava. Our years of experience in Agriculture made us realized that we can not do without importation. Fertilizer, herbicides, Urea, NPk and more are increasing every day. So what are you expecting from our harvest? Men farmers will enjoy but those who don't farm will suffer because there will be serious hardship and no good income. How many people can afford a new car? Even politicians are purchasing tokunbo. Let me tell you how far we are now, 1 naira is 480 while Bitcoin market is 380k to 410k... Where are we heading? I pray God should remove this man and put a business to rule us. Cheers 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:27am On Jan 03, 2017 |
curvilicious: Its sad . Really really sad ...Nigerians are just too dull 2 Likes |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by grandstar(m): 8:27am On Jan 03, 2017 |
VictorRomanov: Import substitution policies do not work. Google is your friend. 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:30am On Jan 03, 2017 |
GoggleB: Use ur brain dude use Ur brain use Ur brain please use Ur brain |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:32am On Jan 03, 2017 |
VictorRomanov: What's you alternative to to Arthemeter and Lumenfantrine that is critical for the treatment of malaria in Nigeria ? I need Ur answer 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:34am On Jan 03, 2017 |
Toketimt: So buying a second hand car is now a privilege ....you need to start using Ur head 2 Likes |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by jericco1(m): 8:35am On Jan 03, 2017 |
mehn person no go chop foreign rice again? me don tire for local rice o |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:37am On Jan 03, 2017 |
Delonn: What has this got to do with the rich ...did you see that antimalarial and antibiotics are affected? 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by onatisi(m): 8:37am On Jan 03, 2017 |
idupaul:Pls forgive my ignorance. But you mean there are no drug manufacturing companies in Nigeria? Because I think this policy is geared towards help the local production of drugs |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by mayorchelsea(m): 8:41am On Jan 03, 2017 |
sometimes this government puts the cart before the horse.This should have been done instead of the outright ban. 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Toketimt: 8:42am On Jan 03, 2017 |
Profayo: The post u qouted is not ambiguous but self explanatory unlike this. Read it again and get ur answers. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by malele(m): 8:43am On Jan 03, 2017 |
12inches1: God bless bless you for this analysis, this country is finished, you can imagine people in this forum supporting ban of something th country cant produce in the next 30yrs. Nigerian citizens atimes is the cause of what happens in this country 3 Likes |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:44am On Jan 03, 2017 |
onatisi: There are a few but they really don't manufacture but just cake ,it means they import the powders and just cake them into tablets ..Most of them you hear of like Fidson are just mega importers, first Buhari should make electricity available and give them time to pick up before all this nonsense ..The only thing going to happen is that prices of drug will increase and fake drugs will have to flood the market once again ..This was the same thing Buhari did in 1984 that made Fake drugs flood the Nigerian market for year till Dora Akunyili came and made a difference 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Toketimt: 8:45am On Jan 03, 2017 |
passyhansome: I feel u but that is majorly because of the greed of my country men. The policy is a necessity. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Allergic(m): 8:45am On Jan 03, 2017 |
My people, are Tokunbo cars luxury good? |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by ollyruffy: 8:46am On Jan 03, 2017 |
This policy is just to get revenue without considering its effect on the masses. You pay 18k minimum wage. No power, road, adequate local production, no control of quality and standard of what is being produced, then you ban importation. This is just putting the cart before the horse. Importation of goods and services must be discouraged but we need to ensure adequate and quality local alternative first. This is same style of leadership the country has been since 1960 and nothing to show for it. Buhari should continue, 2019 will soon be here. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:48am On Jan 03, 2017 |
Toketimt: I am sorry you have a very shallow mind 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by onatisi(m): 8:48am On Jan 03, 2017 |
idupaul:now I understand your point |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by malele(m): 8:48am On Jan 03, 2017 |
curvilicious: Am tired of this country, it seems we have the most stupid populace in this world, can u imagine people supporting this move from FG? A country that infrastructure is zero? |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by creepsyme(f): 8:50am On Jan 03, 2017 |
ckmayoca:my thinking as well. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Toketimt: 8:52am On Jan 03, 2017 |
12inches1: U Av lumped up so many issues however because of time I will not be able to attend to is the way I would love it however will just stress these two things and leave out issues this thread isn't brought up to address. 1) as against what u said, a car is a luxury. As long as we can't agree on this foundation, it's a lost cause going ahead with u. 2) over there in US where. Claim u reside, does substantial revenue of ur govt there doesn't come from people's sweat in form of tax? If it is, why are you averse to ur own government taxing heavily luxury goods? There is no perfect policy anywhere, it has never been formulated. This isn't an exception. If u realise this, u won't find it difficult to understand that govt has good intentions. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Toketimt: 8:53am On Jan 03, 2017 |
idupaul: Am sorry ur daftness is worldclass. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:54am On Jan 03, 2017 |
Toketimt: Put your mind to use dude . You can't see beyond your short nose |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Saintp(m): 8:54am On Jan 03, 2017 |
We don't even have a national plan on industrialization. I agree with higher duties for yacht, SUV and the real luxury items. However it is just plain stupidity to increase duties on consumables at this time except the govt wants to increase the suffering of Nigerians. Who told those idiots that the few local alternatives can meet demand and competitive cost? Do you know that made in Nigeria products are much more expensive than imported items? The govt needs to do the first thing first, fix power and other infrastructures and everything will start fall into place instead of increasing the hardship in the guise of supporting local production. We can follow Chinese model, China had a 10 year industrial plan, they started with rebuilding their infrastructure from scratch, invested in science and technology simultaneously and at the end of their 10 year road map, they had all it takes to become self sufficient then the next 10 year plan was to become an export hub and today we have seen it all. Top class infrastructures, science and technology is what would spur local production not tariff hikes. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Saintp(m): 8:55am On Jan 03, 2017 |
We don't even have a national plan on industrialization. I agree with higher duties for yacht, SUV and the real luxury items. However it is just plain stupidity to increase duties on consumables at this time except the govt wants to increase the suffering of Nigerians. Who told those idiots that the few local alternatives can meet demand at competitive cost? Do you know that made in Nigeria products are much more expensive than imported items? The govt needs to do the first thing first, fix power and other infrastructures and everything will start fall into place instead of increasing the hardship in the guise of supporting local production. We can follow Chinese model, China had a 10 year industrial plan, they started with rebuilding their infrastructure from scratch, invested in science and technology simultaneously and at the end of their 10 year road map, they had all it takes to become self sufficient then the next 10 year plan was to become an export hub and today we have seen it all. Top class infrastructures, science and technology is what would spur local production not tariff hikes. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by malele(m): 8:56am On Jan 03, 2017 |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by prof12(m): 8:56am On Jan 03, 2017 |
malele: Every developed nation in the world today took the same drastic decision to ban or raise the import duty on many goods that they can produce locally. You can not wait until you have everything in place before you take decisions . And moreover, no goods are banned from importation. 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by idupaul: 8:56am On Jan 03, 2017 |
Toketimt: You still don't even know how the US got so rich and you want to spew nonsense ...Just another empty Nigerian certificate hunter .T 1 Like |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Toketimt: 8:56am On Jan 03, 2017 |
idupaul: U lack comprehension skills. What u read plainly stated that Tokunbo cars are luxury goods. The op that post was directed to is among the privilege considering what he stated. Stop being stupidd |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Toketimt: 8:58am On Jan 03, 2017 |
idupaul: So in ur daft state, it's a must Nigeria must thread the Path of the US for it to succeed and be rich right? Oponu. |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by REDshouse(m): 8:59am On Jan 03, 2017 |
Profayo:you can patronise the locals and herberlist for that....agbo iba to be precise |
Re: FG Raises Import Duties On Luxury Goods, Food Items That Have Local Alternatives by Toketimt: 8:59am On Jan 03, 2017 |
malele: Simply because I chose not to thread ur path of foolishness right. |
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