lalasticlala:


https://thenationonlineng.net/cbn-to-place-sugar-wheat-on-fx-restriction-lis/amp/

Pls describe the following in one word:

1. Buhari
2. This govt
3. CBN governor
4. The 9th senate.

Dangote hitting BUA

Monopoly

Open border and fx for me, shut it down when I'm done

Yankee101:
Dangote hitting BUA

how?

baralatie:

how?

Dangote accused BUA of bagging imported sugar

Yankee101:
Monopoly

Open border and fx for me, shut it down when I'm done

you guys are not getting the problem here!

cbn does not have enough forex to satisfy the import market?

monopoly in what area.sugar or wheat?

there are lots of players from dangote, flour mills,eagle mills,honey well and bua.
and they rely heavily on importation of ancillary goods to run their local assembly/production operations

Yankee101:

Dangote accessed BUA of bagging imported sugar

https://www.nairaland.com/6504418/more-photos-buas-sugar-plantation
this one?

MIKOLOWISKA:
to be replaced by what, hunger?

It is only the North that depends on 1 person to feed them. Let Dangote go and be selling his goods in Niger and Chad. SE will use Ibeto, SW will use Lafarge.

wristbangle:
Producing locally is more expensive than. Importing the same material. I don't blame those who import rather to produce here. Those in supply chain field will understand fully what I am saying.

Pls expatiate in this, as regards to Grains and Agriculture products pls.
Cos colleagues said the same thing about local Soya, maize as opposed to Foreign/imported Soya and Maize. Quality they said, was also better

Why

Bakrabas:
Is dangote a blessing or curse for Nigeria?

Click like if Dangote is a curse and share if he's blessing to Nigeria.

Dangote Is 70% of nigeria problem

Orlaoluwayimika:
Dangote sef still dey find money.

He dictates our economy no doubt and this is a sad one for a nation of close to 200m just a single person dictating our economy.

The effect of this is another increase in the price of regular food items.

Wheat being the Raw material for Flour and an increase in it is price would ve a bad effect on majority of the populace becos every common man's food price would increase from BREAD to Indomie.

We go hear wen before this admin ends

All these negativism is to what end? Government has not stopped anyone from entering the business. Dangote believes in Nigeria, that is why he is investing in Nigeria. Those Who believe in Nigeria Should invest in Nigeria.

Wickedfacts:


It is only the North that depends on 1 person to feed them. Let Dangote go and be selling his goods in Niger and Chad. SE will use Ibeto, SW will use Lafarge.

really
I don't hear them complaining when lokoja flooded and when beans was scarce and when tomato was scarce

Vicogrin:

Chai...be calming down o
and who told you I'm lazy??

do you have a Benet factory? If no, then you're lazy

MIKOLOWISKA:
do you have a Benet factory? If no, then you're lazy

Okay

Last week central bank announced that it has added sugar and wheat to its FX restriction list.

What does FX restrictions mean?

This means that federal government will no longer give dollar to individuals seeking the same for the purpose of importing wheat and sugar.

Can one import if you source for your own forex?

Yes you can, however by procedure the bank is required to get an approval from CBN before processing your form M. Accompanied also by an evidence to show you have your own forex in domiciliary account.


The implication of the addition
With the latest development, those who intend to import sugar and wheat into Nigeria will have to source for forex at the black market, which will make the price rise at the market because of the exchange rate.
The option left for them is to key into the backward integration policy of the federal government by investing in the local production of wheat and sugar.

Wickedfacts:


It is only the North that depends on 1 person to feed them. Let Dangote go and be selling his goods in Niger and Chad. SE will use Ibeto, SW will use Lafarge.

yet any small blockage by flood disease or Boko it is south that cries loudest. Think am