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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 (5056 Views)
Nigeria's Foreign Trade Rises 14.3% In Q1 2021 - NBS / Nigeria’s GDP Grows 2.38% In Fourth Quarter Of 2018 / National Assembly Increases 2018 Budget To N9.1trn (dailytrust) (2) (3) (4)
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by iamJ(m): 4:56pm On Mar 09, 2021 |
Godarz:increasing fuel price and electricity will increase the price of all commodities If government can find a way to exert price control and still encourage production maybe but e go hard either way 1 Like |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by Cryptomillion: 5:06pm On Mar 09, 2021 |
Oh |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by tunapawizzy: 5:19pm On Mar 09, 2021 |
what is the point of telling us foreign trade grew from 8.38 to 9.12trn$ when import deficit was 2.74trn$ in Q4, in Q3 it was 2.39trn$ ........ |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by tunapawizzy: 5:22pm On Mar 09, 2021 |
Chinenyeisreal:rubbish stat... in Q4 2020 we imported much more than we exported by 2.74trn$ in the earlier quarter Q3 we did better it was 2.3 sumtin...... na real decline in terms of productivity of a nation |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by deept(m): 5:25pm On Mar 09, 2021 |
Coldie: There is a NGN2.73 trillion deficit meaning what we import is 2.73 trillion naira more than we export. That is extra 2.73 trillion naira we potentially need to change to dollars to be able to buy goods from abroad and since dollars is mostly used in international trade, Nigeria needs to source approximately 5 billion USD. And since we cannot print usd, we need to source it from somewhere: borrow or foreign reserves which have their implications. The available usd is not available to go round and so this is where demand and supply comes to play. Those who have dollars will sell to the highest bidder therefore price of dollars go up. If we exported more than we import, there will be excess dollars in the market and supply will outweigh demand and what will happen, prices will drop. So what we need to do is produce more and import less |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by wellmax(m): 5:37pm On Mar 09, 2021 |
Godarz: Whao, people who have sense still dey this forum. This is what I tried effortlessly to tell some folks the other day. The more we want freebies, the more we drag our nation backward. 1 Like |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by tunapawizzy: 6:24pm On Mar 09, 2021 |
Godarz:u have a good point o but e no easy like that...Nigeria is beyond lagos n abuja.......how many people can afford the effect of 300N fuel....meanwhile when people cannot feed they will resort to crime...even at the current price, lots of employed people are struggling......if this governement is sincere and up to the task, the economics of business in Nigeria is attractive for investors to come in. just give them security n stable policy, no be say president go wake up one morning collect Ikechukwu license give Adamu |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by Nobody: 6:26pm On Mar 09, 2021 |
tunapawizzy: The problem is investors won't come in if price controls prevent them from making a profit Also Niger is poorer than us , yet fuel costs N350 there. Thus they have the profits to keep their single refinery running 1 Like |
Re: Nigeria’s Foreign Trade Jumps To N9.12 Trillion In Fourth Quarter Of 2020 by michoim(m): 6:33pm On Mar 09, 2021 |
Good news |
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