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Nairaland Forum / Nairaland / General / Agriculture / CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports (21115 Views)
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CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by lalasticlala(m): 1:35pm On Nov 27, 2020 |
The Cocoa Exporters Association of Nigeria has disclosed that 100,000 tons of cocoa beans are trapped at Nigerian ports due to a CBN documentation approval, which forces exporters to ensure that sales from export are repatriated to Nigeria. https://nairametrics.com/2020/11/27/100000-tons-of-cocoa-stranded-at-ports-due-to-cbn-documentation-cocoa-exporters/ 2 Likes 4 Shares
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Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Johnrake69: 1:36pm On Nov 27, 2020 |
This policy somersault from Emefiele and co will soon turn our economy to like that of Zimbabwe. 73 Likes 2 Shares |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by CNNN: 1:37pm On Nov 27, 2020 |
Nigeria and problem 12 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Nobody: 1:37pm On Nov 27, 2020 |
Nigeria my country! Fellow Nigerians, please never give up! Better days ahead! It is well. 15 Likes 2 Shares |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by todaynewsreview: 1:39pm On Nov 27, 2020 |
Hmmmmm "He added that the approval process could take as much as 40 days from CBN." 12 Likes 1 Share |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by King2019(m): 1:40pm On Nov 27, 2020 |
Not entirely necessary |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by chatinent: 1:40pm On Nov 27, 2020 |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by GIANTPLUSHUB: 1:42pm On Nov 27, 2020 |
Mheen! This policy doesn't look good. So, the farmer should repatriate the dollar to Nigeria while the government buys at cbn rate. Policy doesn't look good. 17 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Seun(m): 1:43pm On Nov 27, 2020 |
Why should a government that wants to diversify the economy and strengthen the naira, impose rules that will make exportation more difficult? 84 Likes 6 Shares |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Nobody: 1:46pm On Nov 27, 2020 |
Seun: Very Bad Policy This is similar to mutilating the genitals of one's spouse based on their actions which suggest infidelity instead of meaningful interaction and compromise to even confirm if the accusation is even true. It is true that Nigeria has a dollar deficit and an all time low dollar reserve but the government to ensure that dollars earned from exports are brought back to Nigeria must not act like a headless romantic partner and kill export businesses. At least even if the cocoa producers stock some of their dollars abroad, they will change a little of it to pay their employees and finance their production process to expand their companies. When the government blocks everything, there won't be even a little amount of dollars that the exporters would change to naira to pay their employees and expand their businesses which would not only make Nigeria's dollar shortage worse but would also cause the unemployment of those who work at such Cocoa production firms. 22 Likes 1 Share |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by CNNN: 1:48pm On Nov 27, 2020 |
Seun:You are absolutely right. The government is the problem. 15 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by slawormiir: 1:50pm On Nov 27, 2020 |
Damnnn niggarrrr Isoright |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Samsimple(m): 1:50pm On Nov 27, 2020 |
Na only dangote dey enjoy freedom from Nigeria government hand Check my signature 21 Likes 2 Shares |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Baybii: 1:51pm On Nov 27, 2020 |
Nawa oooo. Na until everybody for this country start to chop kernel and garri way dem go free us? Tufia. I shouldn't have been born here. Very very incompetent leaders! They want to push the whole nation into the dark era! 4 Likes 1 Share |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by noble71(m): 1:51pm On Nov 27, 2020 |
When this government is done with Nigerians Zimbabwe will be heaven compared with what will happen here. Always dissing out poor economic policies. 13 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by atobs4real(m): 1:51pm On Nov 27, 2020 |
what a sad news 3 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by 900warriorz: 1:51pm On Nov 27, 2020 |
This Policy will soon frustrate the efforts of local farmers and discourage the little exportation they do.. No be say Govt and the yeye CBN no dey benefit from am oo. But for their own reasons, they just wan show us say na their hand power dey. I dont even know the Policy implemented 7 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by AbijaJ: 1:51pm On Nov 27, 2020 |
Emefiele whhhyyyyyyyyy? 3 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Seniorwriter(m): 1:52pm On Nov 27, 2020 |
Always in the news for the wrong reasons what a monetary governor...worst ever.!!! Proactivity Leads To Productivity! ©Seniorwriter 3 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by BlueYep: 1:52pm On Nov 27, 2020 |
Oga o 1 Like |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Bheaut: 1:52pm On Nov 27, 2020 |
totally uncalled for 1 Like |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Ajibel(m): 1:52pm On Nov 27, 2020 |
Ease of doing business which Osinbajo is championing is in contrast with these CBN policies by Emefiele 8 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by ATEAMS: 1:53pm On Nov 27, 2020 |
It's well 1 Like |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Bornhato: 1:53pm On Nov 27, 2020 |
Nonsense 2 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by kennyflames(m): 1:53pm On Nov 27, 2020 |
confused people 2 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by PHijo(m): 1:53pm On Nov 27, 2020 |
Johnrake69: Zimbabwe will be like paradise! More like Venezuela. The primary issue is Buhari, not Emefiele. The CBN is overwhelmed. Both monetary and fiscal interventions have been left to them because the Buhari cabinet has failed to act. 5 Likes |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by Ladokp: 1:53pm On Nov 27, 2020 |
I don't get 1 Like |
Re: CBN Blocks Exportation Of Cocoa: 100,000 Tons Trapped In Ports by prince2pac(m): 1:53pm On Nov 27, 2020 |
Buhari wetin Una wan turn we kwantri into 1 Like |
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