obongitiad:


You get sense bros

martineverest:
Nigeria has the largest economy in Africa and is the main target of this treaty..if Nigeria is part of it.many African nations with free trade treaty will china (say Ghana or Cameroon)will allow china to fill their economy with Chinese products and they will be shipped to Nigeria and those products will be tagged 'made in Ghana's instead of china... this will disrupt Nigeria manufacturing sector and slow. down our local companies and china will benefit more and kill the African economy

MobilityExpress:


I know a south African girl that buys her hair extensions from Nigeria. True story No wonder dem Southies are vexing. Some Naija people don dey run their town for them.

erico2k2:

The o ne wey pain me pass be say white men come discover new way to eat okro, them dey fry am with flower now Okro don add money

martineverest:
Nigeria has the largest economy in Africa and is the main target of this treaty..if Nigeria is part of it.many African nations with free trade treaty will china (say Ghana or Cameroon)will allow china to fill their economy with Chinese products and they will be shipped to Nigeria and those products will be tagged 'made in Ghana's instead of china... this will disrupt Nigeria manufacturing sector and slow. down our local companies and China will benefit more and kill the African economy

erico2k2:

Erm stick to one part of an argument so I can respond appropriately. Now, are we talking about the EU or Africa??

MobilityExpress:


Chai , na we dey colonize them now. We are the new colonial masters of the world. We have use 'Zanku legwork' to capture oyinbo cities

Ferdinandu:
You don't even have a point to back up your assertion. What I wrote up there is clear and concise to anybody

erico2k2:

Even now as we dey talk nah our Guinness dem dey drink Nigeria Guinness cos E dey high man pass their own

MobilityExpress:


An economically independent Nigeria is a threat to the world powers. That is why they keep creating new ways of destroying our currency and using the enabler saboteurs in government to achieve it. Imagine for about 4 years now, 1 dollar has been over 300 naira back to back. And our government is still sleeping. Smh!

erico2k2:

Please name one thing that is restricted from coming to Nigeria from China direct

hisgrace090:



And we will have more than 50 countries to dump ours too.

Think of it.

Jaqenhghar:

Which freedom of movement? Is it not under the same ECOWas that you have banned importation of cars?

martineverest:
I aren't getting it....the Chinese goods are usually levied with import duties..when they are tagged with 'made in African country' those goods become duty free...who will lose?

wasi9ice:
Why are you guys contradicting each other,,
People like us who don't understand the meaning of this post, how do we learn,,,,,,,,,,,, my question is,, by refusing to sign, are we on the wrong or the right part??

erico2k2:

Buhari ke? what does he know? you think this got to do with nama?Leave this to the ministry of trade and investment

erico2k2:

Trade has been exported, manpower was exported, go to the streets of SA and see how Nigerians are gradually taking over their retails, why do you think the ordinary men in the streets of SA kicked against Nigerians??
Some times we have to see beyond our nose!

magicminister:
People are ignorant.


Nigeria has the largest economy in Africa,
Some of The largest manufacturers and will stand to gain the most if we join the agreement.

Our people are very innovative but Nigeria is a very very limited market. Allowing our manufacturers to sell to over 1.2 billion people is definitely better than just 200 million (estimated Nigerian population).

We are pass the opportunity of our lifetime.


Most of us already source foreign made goods in Europe, China and America. Just imagine if we brought all that money back to Africa? Africa is the hardest continent to trade in and we need to soften things up else we will remain perpetually poor!!

Other countries should be worried about us not the other way round. The decision to abstain from signing the agreement is to favor a very very few billionaire manufacturers in Nigeria whom do not want any competition or want to improve the quality of their product. Competition is good... no continent or country has ever flourished without the zeal to out do their competitors.

United States wouldn’t be United States if it wasn’t for WWII and the impending doom from Germany if they didn’t sit up.

Canada, Mexico and United States have free trade agreement and even though USA is the largest economy, it’s greatly benefitting... let’s participate and if it doesn’t make us richer in 10 years, let’s pull out.

erico2k2:

So what incentives are they Chinese getting in them country from which the duty free is going to originate from ? and cant Nigeria give such?And let me also add, do you know of anywhere else that the Chinese manufacture outside of China for profits?
Let me tell you one thing, the advantage China has is mass production with cheap labour. They export Goods and fewer services.
So my guy this theory nor work cos we go to China to buy goods, they don't beg us to come!

tymicjay77:

Nigeria joining the trade is not good for her manufacturing industries that are still striving to survive. The following are the disadvantages if Nigeria should join such trade.
1.other countries with import duties that are very low will serve as shipping depot for goods that intend coming to Nigeria, this will make Nigerian carry d burden of paying high price to goods without even receiving any import duties on such goods
2.most companies will look for countries with attractive tax n raw materials site ,thereby the little companies we have in Nigeria will migrate off Nigeria.. Hence loss of jobs n poverty will increase
3.presently Nigeria does not export any goods non raw materials. Hence all other countries will only benefit from Nigeria while Nigeria and her struggling manufacturing industries crumble
4.developed countries patronizing Nigeria will be adulterated, since dey now have many choice to take their finished product to..hence sources of revenue will decrease.
4.price of goods will be very expensive, especially manufactured goods.cos their are much demand than supply... If u know ur economics u know what I meant.
Reasons why Nigeria shouldn't be part of the trade...most especially with d bad leaders we have in this country...

martineverest:
Ur level of reasoning is low.....didn't u see where I mentioned DUTY FREE AND import duties

magicminister:
People are ignorant.


Nigeria has the largest economy in Africa,
Some of The largest manufacturers and will stand to gain the most if we join the agreement.

Our people are very innovative but Nigeria is a very very limited market. Allowing our manufacturers to sell to over 1.2 billion people is definitely better than just 200 million (estimated Nigerian population).

We are pass the opportunity of our lifetime.


Most of us already source foreign made goods in Europe, China and America. Just imagine if we brought all that money back to Africa? Africa is the hardest continent to trade in and we need to soften things up else we will remain perpetually poor!!

Other countries should be worried about us not the other way round. The decision to abstain from signing the agreement is to favor a very very few billionaire manufacturers in Nigeria whom do not want any competition or want to improve the quality of their product. Competition is good... no continent or country has ever flourished without the zeal to out do their competitors.

United States wouldn’t be United States if it wasn’t for WWII and the impending doom from Germany if they didn’t sit up.

Canada, Mexico and United States have free trade agreement and even though USA is the largest economy, it’s greatly benefitting... let’s participate and if it doesn’t make us richer in 10 years, let’s pull out.

erico2k2:

I understand when people do not have arguments they result to colourful remarks, but don't worry I'm immune to this, what sense did you make up there or you trying to throw big words into an argument which needs none of that?
My major question to yo is this, What is that thing that will make China to dump their goods in the next country and export it to Nigeria duty-free? what is that thing since you said it please name ur suggestion? This was the simple question I asked

naijaguy123456:

52 out of the continent’s 55 countries have signed the free trade agreement with the exception of Benin, Eritrea, and Nigeria due to concerns raised by local businesses. Nigeria’s failure to sign the agreement was due to concerns raised by its manufacturing association which says the AfCFTA would have a negative impact on its members.


Nigeria will regret this big time. There is so much to gain from being a partner to this agreement.

The pact aims to boost intra-African trade by making Africa a single market of 1.2 billion people and a cumulative GDP over $3.4 trillion. The UN Economic Commission for Africa (UNECA) estimates that the implementation of the agreement could increase intra-African trade by 52% by 2022 (compared with trade levels in 2010) and double the share of intra-African trade (currently around 13% of Africa’s exports) by the start of the next decade.

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martineverest:
all products coming into naija (From Africa or any where)are taxed(import duty)...with this treaty,all products manufactured In. Africa by africans won't be taxed anymore.china will take advantage of this by shipping their own products to a certain African nation and then tag it ' made in Africa's to avoid import duties...their gooda will become cheaper than locally made ones,thus killing out economy


I'm sorry for the insult

erico2k2:

Importation fru land border was banned

Jaqenhghar:

The land border is shared with who? Europeans?

MikeBetty:
Have You Think Of The Other Side Of It. Nigeria Stand To Gain Much Than We Will Loose. First Movement Barrier That Hinders Some Of Our Entreprenurs From Penetrating The International Mrkts Will Be Gone. Secondly The Stand To Export Their Produce To Some African Countries Freely. Thirdly Nigerian Population Is Increasing By Day, It Will Help Nigerians To Expand Out Of Nigerian Enclave.

erico2k2:

No worries re insult
Now check this, we already have such agreements as free trade as in ECOWAS, the east Africans do as well. This has been in place in ages hence ECOWAS.So let us reason here, you say China was going to ship its goods to a certain African Country lets say Somalia as it's in the Indian Ocean close to Asia, what do you think is the incentive Somalia would give China that would make them chose Somalia over Nigeria? cos last I checked China won't be part of this deal signed by African nations.

martineverest:
u aren't getting me....Somalia will never be the target.cos their economy is miniature.nigeria is the main target cos it's the largest market, highest potentials and largest economy in Africa and also Nigeria has loopholes compared to RSA and Egypt.