Jimi24:


Chevron is leaving Nigeria because of border closure?. That is what they told you?. I am weeping for you

b3llo:
Nigeria must be great again. Border closure will help our local manufacturing industry and farmers will have where to sell their products conveniently.

voltron14:


Why did you run away from the thread where I proved Jonathan disbursed 100 billion Naira to herdsmen?

FarahAideed:



So if you are "million richer " you will not tolerate anyone talking to U anyhow ... Baba whether you like it or not I have seen money , cars I have given out ( not tokunboh oo), scholarship I have paid , charity I have done , Baba since I was about 25 years old there is no day I have had less a million naira to spend as I please anyday ..take it from me and by this time next year I will be a Billionaire in Naira and in 5 years a billionaire in dollars and there is nothing you can do about it Sir ..

oldtruth:


Smiles... Porter 5 forces Have you managed a business before? Which large market opportunity are you talkiing about with loss on transit? Goods being bought and becoming useless at origin? Keep it up

Empredboy:
LAGOS – As the impact of the closure of Nigerian land borders continues to bite, more than 98 firms operating in the country have relocated to other countries in West Africa in the past three weeks, while others have lost millions of naira and are near collapse.

Comrade Saviour Iche, the national president of the Association of Micro-Entrepreneurs of Nigeria (AMEN), made the disclosure while speaking at a press conference in Lagos at the weekend.

He stated the said the companies moved to other countries because of the negative impact the border closure was having on their businesses, adding that many others will follow suit if the situation persist.

He said that operating environment in other countries in west Africa are better, adding that governments of other countries offer incentives and support to entrepreneurs.

He said the closure of the borders has had some positive effect like increased revenue for the government, but argued that the negative impact was greater on the general economy.

According to him, there are many Nigerian businesses that export their goods and services across Nigerian borders, adding that most of these companies are losing millions of naira on a daily basis.

Iche disclosed that many of them have reduced their operations and their number of workers, adding that if the situation continues, many of them will close shop soon.

https://www.independent.ng/border-closure-98-firms-relocate-others-lose-millions/?fbclid=IwAR3mTW7Mb8pnzStjx9YU89kEBHEV2CR3fgq6YYyJ63tv7aD2i6WBCH75e7A

isthatso:

stop looking for excuses and complaining all the time, consider the price increase/lack of rice your national sacrifice and see what happens

Wallace2107:
mennnnn u are so unenlightened! Hewww

niyisky:
You people will just sit in a corner and fabricate lies, just to discredit the government. Hate! I guess...98 firms without names, industry sectors etc...is easy to just relocate a business like that?

Haters, I hail una!

FrLukas:


Emeka, you need to change your mindset. Sometimes, even our perceived enemies can be right, after all, a broken clock tells the correct time twice in a day.

Do away with that mentality that Buhari is the source and origin of your problems.

geosegun:


Young man, this is the best policy so far. China did same for 30yrs before its confidence enough to open her borders. You have to have the capacity to feed yourself before nourishing others. If the FG did not do this, the farmers will continue to loose and will never be encouraged to make enough investment.
I know someone ready to invest about $200,000 into rice farming.

Atleast more than 10 people will be readily employed form the start and still counting. Why do you think he has the confidence to sink $200k, because he knew the market was there and is favourable and he was still thinking of expanding further as soon as production kick start. Within 2yrs more than 50 people would have been employed. Now think 9f the multiplication effects this bring. Talk of someone who's investing $2.8m, now in two years can you imagine the number of employment that will generate?

Forget about sentiment, if we dont decide to make agriculture a very lucrative sector, people like you will continue to surffer and you will still come here and start shouting the government is not doing just enough to encourage employment generation. There is great market for Nigeria in Nigeria. When we are developed the production and technology to.march other countries the we can open our Borders to favourably compete. That's the way to go young, man.

Human nature is selfish in nature...go and look at countries and people shouting free trade agreements has been compromised. Those are the one benefiting from the open border irrespective of the damage it costs to the country. Even, the developed countries that shout the most through IMF? It is because their economy is strong enough to withstand competition. Nigeria will do same. When we are strong enough then we start advocating for free trade too. Dont be fooled young man. Hence Nigeria will never develop.

Let me know if you need more clarifications and examples.

americaninja1:
Dunlop Nigeria Plc and Michelin had relocated to Ghana. Patterson Zochonis (PZ) is also planning to relocate to Ghana, even as Cadbury Nigeria Plc, Unilever and the International Institute of Tropical Agriculture (IITA) this year, sacked sizeable number of their workers over reported high cost of production, decaying infrastructure.I will prefer to have my industry in an enabling environment where i can get access to my raw material at a cheaper rate through seaport. Togo doesnt have oil or gas they survive on importation to enable industries an access to their imported raw materials. U dont know aw economy work. Like what Sheik of UAE said Lets Build it first and they will surely come. What are we building? So u think Nigeria population is an asset to the industry, population dat 70% is surviving on less than a dollar per day. I rather go 4 20people with money than 10,000 with nothing.

Afamed:



Below is a list of some of the big companies/organisations that folded up between 1999 and 2015 when PDP was in charge:

Osogbo Steel Rolling Company
NITEL
Nigerian Airways
NICOMTEX
Kaduna Textile Mill Ltd
Peugeot Assembly Plant
Leyland Motors
Nigerian Shipping Company
Bacita Sugar Company
Union Dicon
Michelin
Dunlop
Nigerchin
Jebba Paper Mill
Iwopin Paper Mill
Anamco
Volkswagen

No one knows the number of smaller companies that went under and the number of big ones that would have been added to this inglorious list if they had continue especially whrn oil price fell as low as $29 per barrel.
Can you forward the list of those that closed during PMB regime 2015 till date?

niyisky:
You people will just sit in a corner and fabricate lies, just to discredit the government. Hate! I guess...98 firms without names, industry sectors etc...is easy to just relocate a business like that?

Haters, I hail una!

niyisky:
You people will just sit in a corner and fabricate lies, just to discredit the government. Hate! I guess...98 firms without names, industry sectors etc...is easy to just relocate a business like that?

Haters, I hail una!

americaninja1:
Dunlop Nigeria Plc and Michelin had relocated to Ghana. Patterson Zochonis (PZ) is also planning to relocate to Ghana, even as Cadbury Nigeria Plc, Unilever and the International Institute of Tropical Agriculture (IITA) this year, sacked sizeable number of their workers over reported high cost of production, decaying infrastructure.I will prefer to have my industry in an enabling environment where i can get access to my raw material at a cheaper rate through seaport. Togo doesnt have oil or gas they survive on importation to enable industries an access to their imported raw materials. U dont know aw economy work. Like what Sheik of UAE said Lets Build it first and they will surely come. What are we building? So u think Nigeria population is an asset to the industry, population dat 70% is surviving on less than a dollar per day. I rather go 4 20people with money than 10,000 with nothing.

Wallade:


I strongly believe border closure negates the functionality of free-market system and Nigeria's economy isn't self sustaining and has no immediate potential to sustain itself just yet. It has created artificial scarcity and food inflation especially because local farmers can't meet the local demand for rice and some other food. The farmers capacity should have been developed gradually till we get to level of sufficiency.

If my suspicions earlier stated are true, then government and CBN are trying to make Nigerians pay for the bad loans while they share the returns on the super profit with farmers.

Though I feel the neighbouring countries must respect the desire of the government of Nigeria to prevent smuggling, dumping of goods and protect economy. We must also encourage international trade for balance of payments.

Introvertedmarc:
If your goods is that important to the neighbouring country, use the SEA and adjust prices as neccessary.. same for the ones importing into Nigeria.

niyisky:
You people will just sit in a corner and fabricate lies, just to discredit the government. Hate! I guess...98 firms without names, industry sectors etc...is easy to just relocate a business like that?

Haters, I hail una!