We just have to be sincere with ourselves in this country. Too much deceit and hypocrisy. Buhari has not done anything about the herders and farmers clash . Farmers input in agricultural production is seriously on the decline due to incessant attacks. We are still practicing more of subsistence farming in which participants have decreased. So where is the increase in food production.

tot:
Even the western countries import what they can't produce.

As part of the Brexit analysis, it was shown that the UK produces roughly 60% of the food it consumes. Of the remaining 40%, about three-quarters is imported directly from the European Union, including a lot of fresh fruit &vegetables, and the remaining 10% from the rest of the world. This is for a population of ~60 million, not to mention Nigeria which has triple that.

Who are Buhari's economic advisers? Na wa!

The UK has no large land mass and labor is expensive. That is why they import food

Kfed4ril:


Zombie need I remind you that 2 years ago you lord and Saviour withdrew $1b from the ECA to fight insurgency. My brother what is the result??

Need I remind you that at a point under GEJ, Boko Haram controlled a landmass more than Anambra, Imo and Ekiti states combined, not anymore

If Buhari get headache now e go run go UK like before to treat himself.


All the millions of pounds dem spend for I’m treating why not spend that money I. Naija hospital and upgrade facilities?

Kenturkey048:
bros see wetin u dey write...well,I expect nothing less from buhari followers..let's just wait to see the cost of foreign rice in two months time...like if them give you abakaliki rice or afada ,you go chop am...people thinking through their anus.......

Look at you insulting someone making sense and you displaying yourself, most of you do not realize that you eat local rice from those bukas you patronise.
Rice importers ceased to be given forex some years back and price of rice dropped from about 22k to about 14k today because of higher local production

It is people like you who hate Nigeria, you want everything imported but if I ask you what you personally produce and export to generate forex, nothing.

I am always a supporter of indigenous production.
It is the pathway to development.

But under buhari, it is not as simple as that. Herdsmen are murdering farmers, and there is high insecurity. And nothing is being done.
How exactly are you to create that kind of food output?
Even the crops that manage to grow are devoured by cows grazing indiscriminately.
Where then is the stability to make any kind of economic impact?

If it was during the time of akinwunmi adeshina, it would have been the obvious move.

quickly:


Even America import food. u ban this but provide FX for HAJJ??

America is the largest exporter of food in the world, she can import what doesn't produce, that's allowed

majamajic:


Dubai and USA do import food items , why has it not destroyed their economy ? make me to understand this please

You are not dubai and USA. You dont have the economy of dubai and USA. You dont have their wealth, neither do u export anything other than oil. Agriculture accounts for more than 70% of our economy, its not something we should mortgage out ok

Lionsbet:
Two-weeks old Techno Spark 3 for sale, with carton, recipe and charger.



Price is 30k.



No Hassle!



Location- Ilorin



Fast buyer needed, no time to waste.

10k

descartes400:


If the Embolden happens, due to the high cost, people will be forced to go for the local version of the said food products which will then encourage more local production, job creation etc. When importers of such food products realizes people are no longer patronizing the imported products due to high cost, they will be forced to channel their funds to produce locally or invest in local companies

Its a good policy!

---

lol... Most of you don't get it.... Banning forex will indirectly strengthen black market...

The rice that was banned... How many local rice is sold today in open market... Just one and people will either buy 1 cup of foreign rice than to buy 3 cups of local rice... And I dont blame them... Our local rice is indeed local... If u remember when dangote said... A country that has Benin Republic will never survive economically... U guys fail to grasp what he meant... Anything you ban in the open market is available in the black market.. And once the price skyrocket... The result is inflation.. Even the so-called local production will even be higher which is a good thing but In a long run people will prefer to buy foreign when they cant differ the price.

SillyMods:
Disgraceful youths.

Buhari has proved to be wiser and smarter than our so-called economists who know nothing about practicals but theory.

Many times Buhari has floored them on economics matter:

1. During the debate to fully float the Naira against the president's position not to do so, Buhari was eventually proved correct by attaining exchange rate stability without floating the currency.

2. PMB, against noise and wailing banned access to 42 items including toothpicks to save dollars. Today, most of those items are locally produced thereby creating local jobs and increasing wealth for the entrepreneurs who took adantage.

This time, the best president in Nigeria's history says that in a bid to encourage local food producers and make them competitive, the CBN should not provide dollars to food importers. Wailers and wailing zombies are masturbating and bringing up voodoo economics to tell us why it is wrong for the president to say/do so. Please tell us how best to encourage local production if not by making them more competitive? How can people produce locally if the imported goods remain cheap or slightly dearer?

Una no get sense I swear. And this senseless thinking is being led by a wannabe presidential candidate who was a deputy governor of CBN when GEJ sacked Sanusi. The idiot stood by GEJ. He was also alive when Jona the fisherman was ordering Emefiele to release billions of dollars for looting (in the name of fighting insurgency) but kept quiet.

IPOBites and sense are words and their opposite.

You want Nigeria to be like China, Korea, Japan, etc, but you don't want to take the hard decisions! Hypocrites and unpatriotic souls.

Beautiful nonsense.

Do you know the food imported between US and China?

Blue3k:
People are weird on this forum. If you tell them the naira is overvalued and we should not be pouring billions on defending it they'll shout. If the government wants to ban everything under sun they celebrate.

Na so, if the FG allows the naira to float as it did some time ago and the naira went above 500 to a dollar, you'd be the first to insult the FG as usual

Area4Area:
Na so, if the FG allows the naira to float as it did some time ago and the naira went above 500 to a dollar, you'd be the first to insult the FG as usual

Speak for yourself. I been saying it's the best idea to float the currency and get rid off the dumb multiple exchange rates. Burn through the forex abd ban everything if that's what yall want.

The Central Bank of Nigeria sold a whopping $36.6 billion in forex in 2018 according to a report released during the week on its website. This compares to $15.8 billion sold in 2017, a whopping 130% rise.

blackpanda:


You are not dubai and USA. You dont have the economy of dubai and USA. You dont have their wealth, neither do u export anything other than oil. Agriculture accounts for more than 70% of our economy, its not something we should mortgage out ok

sir but in 1976 Dubai came to borrow money from Nigeria , and in 1979 US dollar is equal to Naira , are u aware of all these ?

UK does not provide foreign currency at subsidised rate for its people to buy abroad the subsidy is given to its local farmers.

Same thing is advocated by President Buhari.Make Una stop spreading misinformation.

tot:
Even the western countries import what they can't produce.

As part of the Brexit analysis, it was shown that the UK produces roughly 60% of the food it consumes. Of the remaining 40%, about three-quarters is imported directly from the European Union, including a lot of fresh fruit &vegetables, and the remaining 10% from the rest of the world. This is for a population of ~60 million, not to mention Nigeria which has triple that.

Who are Buhari's economic advisers? Na wa!

Even if he says we should go back to farm using ancient hoes and cutlass instead of tractors his government doesn't support farmers with his Fulani herdsmen brothers no allow farming their cows go chop all the planted crops,and you will get killed for complaining or kidnapped for ransom if you look good either way bubu most be high on an expired weed.Cos he is getting expired inspiration from whatever he is smoking

Kenturkey048:
okay...I want anything good that would improve the standard of our country sha....anyways ,let's just hope and pray...let's also not forget,Nigerians are impatient...we go still tussle for foreign rice even if the cost na 50k per bag....just the way obasanjo's ban on rice did mor harm than good....

For every policy made, there are winners and losers. It's either the president uses force and step on toes, or he finds a way to compensate losers before things work well. Losers will not just stand by and watch their sources of income closed. Even drug barons fight gallantly to protect their source of income. Hope you get me.

Pistotita:
I don't know why people aren't happy with this action of Mr. President. To me, it's a good move. If he doesn't do this, we will keep importing everything. At least, we need to move to producing over 80% of the food we consume. He is not saying he is banning it, but just not making it attractive so it can force us to go into local production.

Other countries like Germany that did this started producing enough food, then banned importation to reduce food price and grow economy.. we were not producing nearly enough for Lagos alone and he is banning

majamajic:


Dubai and USA do import food items , why has it not destroyed their economy ? make me to understand this please

The US is the largest exporter of agricultural produce in the world and only imports what they can't produce sufficiently

Dubai is situated in the desert build has enough dollars to cover for whatever imports it wants

Nigeria does not have that, at least for now

How can you take such a decision when the security of the county you’re meant to be presiding over is on its lowest ebb?



It’s a good decision.. but wrong timing... tackle security/ farmer and herders clashes


Delete Fulani terrorists and you’d see farmers begin to go back to their farms joyfully

tot:
Even the western countries import what they can't produce.

As part of the Brexit analysis, it was shown that the UK produces roughly 60% of the food it consumes. Of the remaining 40%, about three-quarters is imported directly from the European Union, including a lot of fresh fruit &vegetables, and the remaining 10% from the rest of the world. This is for a population of ~60 million, not to mention Nigeria which has triple that.

Who are Buhari's economic advisers? Na wa!

Read the report well, he didn't stop importation of food at all. He stop the selling of forex to them to import, he said they should go and find their forex and import

Area4Area:
The US is the largest exporter of agricultural produce in the world and only imports what they can't produce sufficiently

Dubai is situated in the desert build has enough dollars to cover for whatever imports it wants

Nigeria does not have that, at least for now

are I aware that Dubai came to borrow Nigeria , a big boy then , Nigeria replied them that nothing good can come out of your desert land and how u wan pay us back ?

so why are now telling me Dubai is bigger economy than Nigeria , meanwhile Dubai contributes only one percentage of UAE Oil,

why don't u believe that our leaders are clueless as from 1976 till date , same mistake

SillyMods:
Disgraceful youths.

Buhari has proved to be wiser and smarter than our so-called economists who know nothing about practicals but theory.

Many times Buhari has floored them on economics matter:

1. During the debate to fully float the Naira against the president's position not to do so, Buhari was eventually proved correct by attaining exchange rate stability without floating the currency.

2. PMB, against noise and wailing banned access to 42 items including toothpicks to save dollars. Today, most of those items are locally produced thereby creating local jobs and increasing wealth for the entrepreneurs who took adantage.

This time, the best president in Nigeria's history says that in a bid to encourage local food producers and make them competitive, the CBN should not provide dollars to food importers. Wailers and wailing zombies are masturbating and bringing up voodoo economics to tell us why it is wrong for the president to say/do so. Please tell us how best to encourage local production if not by making them more competitive? How can people produce locally if the imported goods remain cheap or slightly dearer?

Una no get sense I swear. And this senseless thinking is being led by a wannabe presidential candidate who was a deputy governor of CBN when GEJ sacked Sanusi. The idiot stood by GEJ. He was also alive when Jona the fisherman was ordering Emefiele to release billions of dollars for looting (in the name of fighting insurgency) but kept quiet.

IPOBites and sense are words and their opposite.

You want Nigeria to be like China, Korea, Japan, etc, but you don't want to take the hard decisions! Hypocrites and unpatriotic souls.

You didn't need to mention ipob or attack the igbo members tribe at the end of your write up
. They deserve respect your comment brokers the rule 2 of this forum amongst others

Tribal bashing, Inciting comment , and derailing thread

Mynd44 Seun lalasticlala OAM4J

*

SillyMods:
Disgraceful youths.

Buhari has proved to be wiser and smarter than our so-called economists who know nothing about practicals but theory.

Many times Buhari has floored them on economics matter:

1. During the debate to fully float the Naira against the president's position not to do so, Buhari was eventually proved correct by attaining exchange rate stability without floating the currency.

2. PMB, against noise and wailing banned access to 42 items including toothpicks to save dollars. Today, most of those items are locally produced thereby creating local jobs and increasing wealth for the entrepreneurs who took adantage.

This time, the best president in Nigeria's history says that in a bid to encourage local food producers and make them competitive, the CBN should not provide dollars to food importers. Wailers and wailing zombies are masturbating and bringing up voodoo economics to tell us why it is wrong for the president to say/do so. Please tell us how best to encourage local production if not by making them more competitive? How can people produce locally if the imported goods remain cheap or slightly dearer?

Una no get sense I swear. And this senseless thinking is being led by a wannabe presidential candidate who was a deputy governor of CBN when GEJ sacked Sanusi. The idiot stood by GEJ. He was also alive when Jona the fisherman was ordering Emefiele to release billions of dollars for looting (in the name of fighting insurgency) but kept quiet.

IPOBites and sense are words and their opposite.

You want Nigeria to be like China, Korea, Japan, etc, but you don't want to take the hard decisions! Hypocrites and unpatriotic souls.

You didn't a to attack our ibo members tribe with your derogatory concluding remark

Tribal bashinf, Inciting comment, and derailing thread

Mynd44 Seun lalasticlala OAM4J

SillyMods:
Disgraceful youths.

Buhari has proved to be wiser and smarter than our so-called economists who know nothing about practicals but theory.

Many times Buhari has floored them on economics matter:

1. During the debate to fully float the Naira against the president's position not to do so, Buhari was eventually proved correct by attaining exchange rate stability without floating the currency.

2. PMB, against noise and wailing banned access to 42 items including toothpicks to save dollars. Today, most of those items are locally produced thereby creating local jobs and increasing wealth for the entrepreneurs who took adantage.

This time, the best president in Nigeria's history says that in a bid to encourage local food producers and make them competitive, the CBN should not provide dollars to food importers. Wailers and wailing zombies are masturbating and bringing up voodoo economics to tell us why it is wrong for the president to say/do so. Please tell us how best to encourage local production if not by making them more competitive? How can people produce locally if the imported goods remain cheap or slightly dearer?

Una no get sense I swear. And this senseless thinking is being led by a wannabe presidential candidate who was a deputy governor of CBN when GEJ sacked Sanusi. The idiot stood by GEJ. He was also alive when Jona the fisherman was ordering Emefiele to release billions of dollars for looting (in the name of fighting insurgency) but kept quiet.

IPOBites and sense are words and their opposite.

You want Nigeria to be like China, Korea, Japan, etc, but you don't want to take the hard decisions! Hypocrites and unpatriotic souls.

Typical BUHARIST, insults everybody with making any point.

Maket:
Said a nation not ready to feed itself but want the resources from the South South to continue feeding them.
He is doing this with good mind. He only needs good adviser that can go down to the grass root to mobilized for the food, bring in foreign investors and boooooooom our economy will be there at a better place.

According to u:
"He is doing this with good mind. He only needs good adviser".

Are u saying hasn't had "good advisers" all these years?

Otunba2004:
you're saying rubbish guy, look at the economy of Nigeria since the inception of this administration so for your mind we are doing well means you're not a realistic but mugun, ode munmun, can't you reason with your brain, buhari policy is working with this derailed economy? You must be stupid guy

That guy is not only stupid but insane

majamajic:


are I aware that Dubai came to borrow Nigeria , a big boy then , Nigeria replied them that nothing good can come out of your desert land and how u wan pay us back ?

so why are now telling me Dubai is bigger economy than Nigeria , meanwhile Dubai contributes only one percentage of UAE Oil,

why don't u believe that our leaders are clueless as from 1976 till date , same mistake

Please give me a link to when Dubai came begging Nigeria for money

Dubai does not have a bigger economy than Nigeria and her economy isn't dependent on oil like ours. Her economy depends instead on tourism, trade and real estate. They also have enough dollars to cover for their imports because of the low population unlike us.

Last point and I agree with that, our leaders even since independence have all been clueless, no doubt about that

Area4Area:
Look at you insulting someone making sense and you displaying yourself, most of you do not realize that you eat local rice from those bukas you patronise.
Rice importers ceased to be given forex some years back and price of rice dropped from about 22k to about 14k today because of higher local production

It is people like you who hate Nigeria, you want everything imported but if I ask you what you personally produce and export to generate forex, nothing.

How much is this "higher local production"? How much has that affected d consumption pattern of Nigerians?

SillyMods:

Reading only your first line tells everything I need to know about you - that is, you are very dumb.

Is not making govt dollars available to food importers same as banning those food items?

Dull thing, I didn't read the remaining jargon after your first line.

Spineless dimwit, I don't expect Lifeless Fc and their minions to read.

Maybe,if your Lifeless Fc captain read the Act establishing the CBN it will know that the financial institution is independent of his daft policies.

miketayo:


Other countries like Germany that did this started producing enough food, then banned importation to reduce food price and grow economy.. we were not producing nearly enough for Lagos alone and he is banning

I'm trying to understand you. Where did you read that Mr. President banned importation of food. Maybe selected food are banned like palm oil which is justified. Did you read he banned importation of most food?

lexy2014:


How much is this "higher local production"? How much has that affected d consumption pattern of Nigerians?

At least the average price of rice has reduced to about 14k and more farmers are making the money and producing more