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Benin Republic Traders Lament As Nigeria Closes Border - Business (2) - Nairaland

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Re: Benin Republic Traders Lament As Nigeria Closes Border by NigeriaIsDoomed: 10:56pm On Oct 23, 2019
Just30 hunger will kill you soon grin grin ;Dstewpid Gaynain zoo republik

2 Likes

Re: Benin Republic Traders Lament As Nigeria Closes Border by luluosas(m): 10:57pm On Oct 23, 2019
Good
Re: Benin Republic Traders Lament As Nigeria Closes Border by NLSavage: 10:57pm On Oct 23, 2019
isthatso:


when local producers start producing more, because they dont face competition from illegal imports, the price will come down, eat yam or beans in the mean time...you won't die!!
is that so?
Re: Benin Republic Traders Lament As Nigeria Closes Border by Multiplier7(m): 10:58pm On Oct 23, 2019
Border remains closed.

Buhari have lost the key self.

9 Likes 2 Shares

Re: Benin Republic Traders Lament As Nigeria Closes Border by slowice(m): 11:02pm On Oct 23, 2019
But local rice is no where to be found. Here in phc the two most popular local rice companies re olam and wacot owners of mama pride and big bull but as I speak they ve not sold a bag to buyers for over a month now thereby creating scarcity and forcing the price to go as high as 21k in the market. So where is the local rice?
Re: Benin Republic Traders Lament As Nigeria Closes Border by Advancedman(m): 11:03pm On Oct 23, 2019
olujastro:
Is it not shameful to them that smuggling of illegal goods into Nigeria constitutes 20% of Benin's GDP??
They should develop their local economy once and for all.
Most of their graduates are employed in the smuggling-into-Nigeria sector instead of in standard companies or offices.
After leeching on Nigeria for decades, these smaller countries still have the guts to disrespect us.
Nonsense saboteurs!


Did you say 20% it's 50%

8 Likes 1 Share

Re: Benin Republic Traders Lament As Nigeria Closes Border by jonnyjustcome22: 11:04pm On Oct 23, 2019
Closure of border is welcome idea but government should work on the price of local a bag is sold at 20k and i know by December is going up. U don't want masses to eat rice again food for the common.

2 Likes

Re: Benin Republic Traders Lament As Nigeria Closes Border by Advancedman(m): 11:05pm On Oct 23, 2019
slowice:
But local rice is no where to be found. Here in phc the two most popular local rice companies re olam and wacot owners of mama pride and big bull but as I speak they ve not sold a bag to buyers for over a month now thereby creating scarcity and forcing the price to go as high as 21k in the market. So where is the local rice?

Invade their company with police and SON, TUC etc

2 Likes

Re: Benin Republic Traders Lament As Nigeria Closes Border by greypencils: 11:05pm On Oct 23, 2019
isthatso:


when local producers start producing more, because they dont face competition from illegal imports, the price will come down, eat yam or beans in the mean time...you won't die!!
shey! Or better still, go into rice farming and make some money for yourself, the market is there.

3 Likes

Re: Benin Republic Traders Lament As Nigeria Closes Border by olujastro: 11:06pm On Oct 23, 2019
Advancedman:



Did you say 20% it's 50%
It's about 20% according to World Bank figures.
Re: Benin Republic Traders Lament As Nigeria Closes Border by ashly197(m): 11:07pm On Oct 23, 2019
Hard Truth has been told, all the idiotic pigs of biafra have avoided the treat

3 Likes 1 Share

Re: Benin Republic Traders Lament As Nigeria Closes Border by theenchanter: 11:07pm On Oct 23, 2019
X
Re: Benin Republic Traders Lament As Nigeria Closes Border by DSDLIVEREPORT: 11:08pm On Oct 23, 2019
Is PMB from Cotonou? The man relocating is a Benin Republic Sir and he is not a smuggler but an innocent trader
Wickedtruths:
“In no time, I will be relocating to my village to look for alternative means of survival since the market is becoming unfavourable daily,” Conde said.

Lol

Buhari is sending smugglers and their accomplices back to the village o!
Re: Benin Republic Traders Lament As Nigeria Closes Border by donprinyo(m): 11:12pm On Oct 23, 2019
Wicked nigerians
Re: Benin Republic Traders Lament As Nigeria Closes Border by CanadaOrBust: 11:16pm On Oct 23, 2019
GIANT OF AFRICA. Anger her at your own risk

I feel for the struggling poor folks though

2 Likes

Re: Benin Republic Traders Lament As Nigeria Closes Border by Wickedtruths: 11:20pm On Oct 23, 2019
DSDLIVEREPORT:
Is PMB from Cotonou? The man relocating is a Benin Republic Sir and he is not a smuggler but an innocent trader

Do you know the meaning of an accomplice? Innocent trader selling to smugglers.

4 Likes

Re: Benin Republic Traders Lament As Nigeria Closes Border by Topmaike007(m): 11:24pm On Oct 23, 2019
Yemike:
I think the border should remain closed for the economic benefit of our dear nation.
The traders shouldn't complain cuz before rice there are other food products that people do eat and it also serves as some set of people's source of income. Rice came, get them out of business/change their business plan.
I was told that people only eat rice during Xmas in those days.
All these wailing Wailer's should just find another country to be depositing their garbages.

I don't fancy rice tho'. If everybody can be like me rice would have been extinct.
Ewa lo le shey.
àti bugan

1 Like

Re: Benin Republic Traders Lament As Nigeria Closes Border by Nobody: 11:24pm On Oct 23, 2019
NLSavage:
is that so?
we hope so that's the theory but this is Nigeria! In sane environments, the producers will take advantage to increase production and efficiency but I wont be surprised if our producers decide to increase only price ..no extra production. We shall see, this is an opportunity to invest knowing they have the market to themselves.

2 Likes

Re: Benin Republic Traders Lament As Nigeria Closes Border by DSDLIVEREPORT: 11:31pm On Oct 23, 2019
You call Legitimate traders selling legitimate wares accomplices?
Haba Bros? Is smugglers written on the forehead of the buyers?
Check well bro
Wickedtruths:


Do you know the meaning of an accomplice? Innocent trader selling to smugglers.

Re: Benin Republic Traders Lament As Nigeria Closes Border by Izzymore(m): 11:39pm On Oct 23, 2019
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Re: Benin Republic Traders Lament As Nigeria Closes Border by ZAWs: 11:40pm On Oct 23, 2019
Is Nigeria the only country in Africa?
What's all this na
Re: Benin Republic Traders Lament As Nigeria Closes Border by Wickedtruths: 11:42pm On Oct 23, 2019
DSDLIVEREPORT:
You call Legitimate traders selling legitimate wares accomplices?
Haba Bros? Is smugglers written on the forehead of the buyers?
Check well bro

Okay, he's not an accomplice, he's an importer, exporter, forwarder and transmitter.

1 Like

Re: Benin Republic Traders Lament As Nigeria Closes Border by InvertedHammer: 11:54pm On Oct 23, 2019
/
A great country like US understands the power in trade. There is an on-going trade war between US and China.

I support PMB fully on this one. Wield power if you have it else it becomes a waste.

/

6 Likes 1 Share

Re: Benin Republic Traders Lament As Nigeria Closes Border by greenalwaz: 12:21am On Oct 24, 2019
Tflex01:
ENOUGH IS ENOUGH

*Benin Republic has a population of 12 million people. But it is the worlds 5th importer of rice. In 2018, it imported rice worth US$996m.*

*Benin is also world's largest importer of _used_ _cars_ and __second_ - _hand_ _clothing_ . All with a population of 12m people.
DO YOU WONDER HOW??

*98.2% of these imports into Benin are only on transit; their final destination is _NIGERIA_ !*
*Nigeria is world's largest consumer of used cars and second hand clothing, and is also Africa's largest consumer of Asian grown rice.*

*The problem here is that all these imported goods attract appropriate import duty and trade tax, which are paid to the Beninoise Government while the goods are thence SMUGGLED into Nigeria WITHOUT ANY PAYMENT to the Nigerian Government and, thereby, adding zero value to the Nigerian economy!*
*Sadly, THIS IS ALL DONE BY NIGERIANS!*


*Granted, ECOWAS/CEDEAO charter allows for free trade between member states, but _on_ _goods_ _produced_ _in_ _member_ _countries_ , and NOT on imports from other economic blocs.*

*Where foreign goods are transiting through a member country, and ending up in another member country, the ECOWAS charter stipulates that the country of transit MAY collect a token trade tax, and its Customs officials should then escort the goods to the border of the importing country and hand it over to the Customs officials of the importing country!*
*But what we see in the case of Benin Republic is that it collects _CUSTOMS_ _DUTY_ plus _TRADE_ _TAX_ , and then allows the goods to pass through its hinterland for onward smuggle into Nigeria!*

*This is a clear violation of ECOWAS statutes and no nation can condone such costly infraction.*

*Nigeria has tolerated this nonsense from Benin for far too long and it is time to stop the malpractice if we want Nigeria's economy to grow.*
*(Therefore, whoever cries foul because we have closed our borders to smugglers while we're putting our act together, IS AN ENEMY OF NIGERIA!)*

*Nigeria makes up about 74% of ECOWAS population and about 71% of its economy. It is ECOWAS that needs Nigeria and not the other way round!*

ANY RELATIONSHIP BETWEEN MEMBER COUNTRIES MUST BE BASED ON EXTANT REGULATIONS!
Well said

1 Like

Re: Benin Republic Traders Lament As Nigeria Closes Border by opiraxy(m): 12:45am On Oct 24, 2019
The best time to invest
handsomeyinka:
God Bless Nigeria

1 Like

Re: Benin Republic Traders Lament As Nigeria Closes Border by ken6488(m): 12:46am On Oct 24, 2019
border remains closed
Re: Benin Republic Traders Lament As Nigeria Closes Border by iukpe: 2:00am On Oct 24, 2019
Buhari has extended his hands to other countries, wahala.
Make dem follow see wetin we see for 4years now.

1 Like

Re: Benin Republic Traders Lament As Nigeria Closes Border by handsomeyinka(m): 2:40am On Oct 24, 2019
opiraxy:
The best time to invest
Yes bro...
Re: Benin Republic Traders Lament As Nigeria Closes Border by Funjosh(m): 2:46am On Oct 24, 2019
This same Benin people do use Nigerians do shakara whenever they come to buy in Pau market, while Nigerians start begging them to sell for them, so they can be this sober undecided

1 Like 1 Share

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