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Nairaland Forum / Nairaland / General / Business / Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. (956 Views)
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Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by YourNemesis: 2:21pm On Sep 21, 2019 |
Nigeria: Border Closure - West African CFA Franc Crashes [img]http:///65535/48768973733_5b25dd0204_b.jpg[/img]https://allafrica.com/stories/201909190056.html FOD, puskin, dominique, naijacutee, Mynd44, Lalasticlala, Seun |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by YourNemesis: 2:23pm On Sep 21, 2019 |
These countries are hell bent on flooding the Nigerian market with imported foreign rice... even resorting to smuggling through the waterways? That is some real desperation. They had better develop an alternative economy rather than depending on smuggling in of contraband produce and smuggling out of hydrocarbons from Nigeria to make a living! 1 Like |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by 2special(m): 2:29pm On Sep 21, 2019 |
Who are those importing rice and other banned products from these countries.... Nigerian |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by Jay5mie: 2:30pm On Sep 21, 2019 |
Are you kidding me |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by scholes0(m): 2:40pm On Sep 21, 2019 |
2special: Which is exactly why the government closed off the border. Some of the items being smuggled shouldn't even be smuggled if Nigeria was functioning at even 30% the ideal... Imagine smuggling Sugar, Vegetable oils and Macaroni through the border. I just laugh. But In my opinion this is just a short term solution to the issue, and it would need deeper structural reforms both economic and otherwise to make any long lasting changes to the issue of smuggling. We can blame our neighbors all we wan't but the truth is that Nigeria itself has got to get its house in order. 1 Like |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by Bouncingbabyboy(m): 2:45pm On Sep 21, 2019 |
Under Jona a thousand naira was 3k cfa....wake me up when it gets to 3k under Baba
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Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by scholes0(m): 3:06pm On Sep 21, 2019 |
Bouncingbabyboy: And under Jona, Crude oil prices was closer to $100 per barrel... stop talking out of context and set bitter politics aside for once in your life. Oh wait...I forgot ! This is Nairaland, where most people don't understand micro or macro economics but tie everything to the person or party occupying the executive position at any given time. 1 Like |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by Bouncingbabyboy(m): 3:13pm On Sep 21, 2019 |
scholes0:Buharis policies killed the naira.....Mr economist weh no sabi anywhere except him father compound |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by YourNemesis: 4:52pm On Sep 21, 2019 |
Bouncingbabyboy: Don’t be daft Buharis policies is more or less negligible in the grand scheme/ longer term. It is verg easy to blame Bubari for everything, but the truth is that fiscal policies can only be properly managed by the right economic term in the shorter term. I guess Buhari is also managing Angola, Gabon, Venezuela and Canada whose currencies have all massively depreciated since the oil price crash. Mr smart man hold fish tail. 1 Like |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by Bouncingbabyboy(m): 5:16pm On Sep 21, 2019 |
YourNemesis:Buhari is the only president to take us into Recession twice (1) as a general (2) as a president.....bros are you thinking with your armpit?? 1 Like |
Re: Nigeria Border Closure - West African CFA Value Crashes As Rice Prices Soar. by cooooooks(m): 10:44am On Sep 22, 2019 |
If they did this to strongarm these countries into supporting some policies, I would be surprised at the cunning and bad faith. However, I don't think Mr President does 3D chess. |
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