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Nairaland Forum / Nairaland / General / Politics / Border Closure: Benin, Niger Economies Under Pressure (58807 Views)
FG Tells Togo, Benin, Niger To Pay Electricity Bills / Nigeria Meets Benin, Niger Over Border Closure / IMF Says Border Closure Negatively Impacting Benin, Niger Republics (2) (3) (4)
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Re: Border Closure: Benin, Niger Economies Under Pressure by prince2pac(m): 3:17pm On Sep 15, 2019 |
Youthleader22: Nawao bros na hustle I de hustle abeg... Some people still patronize em |
Re: Border Closure: Benin, Niger Economies Under Pressure by madenigga(m): 3:18pm On Sep 15, 2019 |
BlackfireX:Stop speaking like a village man. Intelligence is not by literacy, if u want to think like this go to your village square and do it with your fellow villagers |
Re: Border Closure: Benin, Niger Economies Under Pressure by joseph1832(m): 3:21pm On Sep 15, 2019 |
ornicus:I see. My boss and mentor is among the top echelon in DPR. Dude thought me everything I know. |
Re: Border Closure: Benin, Niger Economies Under Pressure by madenigga(m): 3:22pm On Sep 15, 2019 |
galantjoe:If u know u ain't that smart, there's no need voicing out your opinion in a forum like this, you are only disgracing yourself |
Re: Border Closure: Benin, Niger Economies Under Pressure by Nobody: 3:23pm On Sep 15, 2019 |
joseph1832: i no go lie - great to work in DPR. you get paid for doing absolutely nothing. sitting around in depots and terminals and oil rigs in the guise of monitoring - and being paid for it to boot |
Re: Border Closure: Benin, Niger Economies Under Pressure by madenigga(m): 3:26pm On Sep 15, 2019 |
VEE2010:Just imagine this, Niger with its small population being 6th in world's largest importers of rice. Does that not tell you anything? They import the rice massively then smuggle them all into Nigeria, where does that happen 1 Like
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Re: Border Closure: Benin, Niger Economies Under Pressure by chikitobabe(f): 3:27pm On Sep 15, 2019 |
The Government knws Nigerian has not gotten to a level of self sufficiency, why close the boarder.? They would hv used it to generate money for the country by placing import charges on goods brought in frm there. Out right closure has led to inflation and it's all on the common man. What does this government actually want us to do.everyday Nigeria is sinking deeper into mess and we only see there achievements on the media.no good road,no transparency in govt.nothing is working at all. Honestly without God on our side....Nigeria is heading to a colossal doom. |
Re: Border Closure: Benin, Niger Economies Under Pressure by Sterope(f): 3:33pm On Sep 15, 2019 |
You cannot compare imported juice and furniture to rice. ornicus: |
Re: Border Closure: Benin, Niger Economies Under Pressure by madenigga(m): 3:33pm On Sep 15, 2019 |
urahara:So your solution to solving the problem is flooding our country with foreign cement? |
Re: Border Closure: Benin, Niger Economies Under Pressure by joseph1832(m): 3:34pm On Sep 15, 2019 |
ornicus:You're talking about getting paid? Bro you forget about the side hustle, which of course pay more than normal hustle. |
Re: Border Closure: Benin, Niger Economies Under Pressure by Nobody: 3:35pm On Sep 15, 2019 |
Sterope: Obj did the same with furniture and imported juice, and the economy is better off for this. Of course rice is a staple food, so one may argue that this is different. |
Re: Border Closure: Benin, Niger Economies Under Pressure by okewumi: 3:36pm On Sep 15, 2019 |
27Pushing30: To buttress your point I went to Onitsha market and they said #1700 for a kilo of Turkey. I went to life chicken stand and l bought one #1,700. In fact, the second time l went there, l bought two layers for #3000. Anybody that patronise Onitsha market can testify. The rate at which people are buying life chicken is booming and by so doing, our agricultural sector (poultry) is growing. More will get jobs in that sector and revenue to government. There are villages in Anambra state (Anaku, Omoh, ifite Oguari, Omasi, Adani). These communities grow local rice and the COST of a bag is #6,000. In fact coscharis motor just installed rice factory at Anaku and l saw the news on nairaland some days back. Just imagine if we have more investors in rice sector, and good railway system, many people will be employed (mechanised) and their won't be need to stay in city. With good rail, they can transport at low cost yo any part of Nigeria Dangote said sometimes that you can never havea porous border like we have in Nigeria and you expect our economy to survive. He knows what he is saying. Benin republic is number 6 on the chart or countries that import rice in the world. A population of 11.6million 4 Likes |
Re: Border Closure: Benin, Niger Economies Under Pressure by slimthugchimee2(m): 3:54pm On Sep 15, 2019 |
ornicus: What happened to rice here? The border is closed Why did she enter another country to buy rice While the borders are closed To me customs are just doing their job On a normal she would have been arrested for that 1 Like |
Re: Border Closure: Benin, Niger Economies Under Pressure by Nobody: 4:01pm On Sep 15, 2019 |
slimthugchimee2: nigerians find it so hard to read sarcasm |
Re: Border Closure: Benin, Niger Economies Under Pressure by thedio(m): 4:06pm On Sep 15, 2019 |
midolian:Nice one bro,u spoke my mind. Nigerians will only feel the impact for a year or less after which the rice will be sold like garri in our local market cos a villager who does not av money to polish his rice will process it locally and carry it to the nearest market.In 2009 when I was serving in patigi local govt area of Kwara State i eat local rice for 12month at a very low price.infact ppl from that area eat rice as swallow and semi liquid food cos they av it in excess 2 Likes 1 Share |
Re: Border Closure: Benin, Niger Economies Under Pressure by Youthleader22(m): 4:07pm On Sep 15, 2019 |
prince2pac: No be lie. God bless your hustle bro |
Re: Border Closure: Benin, Niger Economies Under Pressure by JerryGent1983: 4:28pm On Sep 15, 2019 |
Let me just ship in my own point closing of the borders to me it's not the best option rather putting more security measures right now Nigeria and Nigerians businesses is suffering it.... Do you know how much Nigeria and Nigerians businesses are losing on daily basis in that effect....well it's left for them to decide what is my own there |
Re: Border Closure: Benin, Niger Economies Under Pressure by valentinenw(f): 5:08pm On Sep 15, 2019 |
madenigga: We give them electricity so that they won't dam it in their oil country before it reaches Nigeria, if they do, the mighty rivers that generate thousands of megawatts will scarcely have enough current to drown a playing child |
Re: Border Closure: Benin, Niger Economies Under Pressure by valentinenw(f): 5:23pm On Sep 15, 2019 |
I'm a complete southerner with roots in the 3 geopolitical zones, a PDP supporter and a strong buhari critic (I wrote his name in small letters on purpose). However, this is the best thing buhari has ever done in his life that is good and if I don't admit it out of hatred, I become a hypocrite... The govt has been very vocal about supporting agriculture but who wants to do dirty farm work when there's KPMG and Shell oil? -If govt increase tariff, the rice smugglers won't pay, -If the govt destroys or seizes the foreign rice in the market, it's the local market women who will be affected cus they have paid for the goods. -As long as there's foreign rice in the market, people (me included) will keep paying 5k extra to buy imported rice so even if we wait for 15yrs, our local rice market won't grow. -I wish buhari will close this border till 2023 and I might consider voting Tinubu (Lol, no jokes though) - Yes local rice will shoot up from maybe 12k to 18 or even 20k cus we Nigerians are very greedy by nature but we can be rest assured that someone in Nigeria is paying tax from that money and as long as the border is closed, the person will patronize another Nigerian who will patronize another Nigerian who will finally patronize me. - The best part is that due to our greedy nature, many Nigerians will rush into rice production and crash the market within the next 2 - 5yrs and bag of rice will be sold for 5-8k. - I am certain this will happen cus we are very stingy people that don't send face, even if it's our bff that's selling rice at 16k, if we see another person selling for 8 - 10k, we are ready to end that friendship or buy by proxy from the competition till our bff won't have a choice than to bring down the price to compete -Meanwhile, at least 50k to 1m Nigerians are guaranteed jobs not just in the agric industry, it's a ripple effect. Take the current benefit the closure of shoprite is having on our local supermarkets, it's the same thing. 4 Likes |
Re: Border Closure: Benin, Niger Economies Under Pressure by Just30: 5:23pm On Sep 15, 2019 |
SirWhiteFish:from where ? |
Re: Border Closure: Benin, Niger Economies Under Pressure by Just30: 5:26pm On Sep 15, 2019 |
ORIENTATION101:Nigeria electricity lines do not even extend to Benin Let alone Togo and Ghana. why ,now electricity is transmitted through the air? 1 Like 1 Share |
Re: Border Closure: Benin, Niger Economies Under Pressure by prince2pac(m): 5:28pm On Sep 15, 2019 |
Youthleader22: God bless you too bro... Wetin man go do kwanu |
Re: Border Closure: Benin, Niger Economies Under Pressure by isnovic(m): 5:33pm On Sep 15, 2019 |
Good move by the FG, but most importantly use this opportunity to clean up our system and stimulate local production through deliberate government policies otherwise this might just be an avenue for customs & immigration officers to make a killing through kickbacks. 1 Like |
Re: Border Closure: Benin, Niger Economies Under Pressure by Just30: 5:37pm On Sep 15, 2019 |
chloride6:actually you dont The West African power pull projected was implemented without Nigeria. Nigeria rejected joining. The west African power pull project was suggested by Ghana so that countries who have excess power can transmit their excesses to other countries who dont have enough power. |
Re: Border Closure: Benin, Niger Economies Under Pressure by Area4Area: 5:53pm On Sep 15, 2019 |
chikitobabe:Most of you don't understand things. The FG didn't ban importation of rice, it only placed it among goods that importers won't be given subsidized dollars to import. So they must source for their dollars in the open market. The FG increased the tariffs and duties on imported rice through our ports, this was to discourage imports and encourage local production by farmers thereby creating wealth and jobs for those into rice production. Importers seeing that importing through neighbouring countries and smuggling into Nigeria was cheaper decided to go for that option. Who loses or gains? Loss Loss of tariffs and duties to our neighbours, Low price of imported rice discourages local farmers from expanding production, Unemployment. Gains Asian rice farmers smile to the bank, they make more money and pay taxes to their home governments, more employment too, Our neighbours make money as well because of the tariffs and duties Nigerian importers pay, Developed countries like Switzerland and even Japan still have some form of restrictions on imports of agricultural produce because they want to boost production and help their farmers, why can't Nigeria do same? Any serious rice importer should import through our ports, pay normal tariffs and duties and sell. I personally would wish that foreign rice to go as high as 50k, if you can't afford it then go for local, if you don't like it, other sources of carbohydrate are available and if you are not satisfied, DRINK WATER. 1 Like |
Re: Border Closure: Benin, Niger Economies Under Pressure by thedio(m): 5:57pm On Sep 15, 2019 |
valentinenw:u understand the logic.if Buhari delay this action till next year or two yrs time,I won't av taken him serious cos another govt may come and open the border,the timing is right. 2 Likes |
Re: Border Closure: Benin, Niger Economies Under Pressure by FREELANCERSAMM: 5:59pm On Sep 15, 2019 |
ORIENTATION101: If you cut off those countries light, they will be forced to build a hydro dam along the river Niger which is Nigerians source of hydro power. .. � That's why Nigeria is selling em light in a subsidized price.. |
Re: Border Closure: Benin, Niger Economies Under Pressure by valentinenw(f): 6:04pm On Sep 15, 2019 |
joseph1832: What goes up must come down as long as the borders remain closed. Bag of rice that costs 3-5k to produce per bag will become he next oil well |
Re: Border Closure: Benin, Niger Economies Under Pressure by 360command: 6:06pm On Sep 15, 2019 |
Iamgrey5:you know the answer already.. even though Nigeria consumes more rice than Benin rep, but where those rice comes from is Benin due to Nigeria banning rice imports on rice.. so this is why Benin is the 6th largest importer of rice.. There is a similar scenario which happened in 2010.. Cote d'ivoire is the world largest importer of cocoa but when their war or civil violence came up in 2010, Ghana became the largest producer of cocoa. It is not that Ghana planted or harvested or produced more cocoa but ivorians smuggled their cocoa out into Ghana just to import it.. 1 Like |
Re: Border Closure: Benin, Niger Economies Under Pressure by vaxx1: 6:08pm On Sep 15, 2019 |
Area4Area:i never wanted to comment on this topic, but you pen down something worth replying. you show knowledge of the subject but a flaw understanding. benefiting of protectionist theory is only temporal, if those nation decide to fight back, it will not be of interest to Nigeria. or you are not aware this countries too can fight back? Nigeria export to those countries too. The benefit simply ends once benin and Niger republic begin to retaliate by erecting their own protectionis, in the long term, trade protectionism weakens the industry. Without competition, companies within the industry have no need to innovate. in the long run, nigeria domestic product will decline in quality. It will be lower quality and still be expensive than what foreign competitors will have produce. |
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