Immatex:

Let's keep the deceit going untill the Country collapses on us all.

Anyone saying anything is working under this oppressive regime should continue, they deserve no response.

FarahAideed:
And yet cost of everything is doubling by the day ? Have some shame I gather you are even almost forty years old and still doing this thing where you have to lick the ass of despicable tyrant to survive

Rossinkipp:


What an ignorant, illitreate way to view developments.

That manufacturers have just started moving towards local sourcing of raw material sdoes not mean the pricse of everything would drop the next day.

Damn illiterate!

FarahAideed:


Yiu are the illiterate free loader that has not done an honest day work in your life ... your useless Buhari can't even refine petrol that needs only a heat source to do and you are here talking of raw materials

Rossinkipp:


What does Buhari refining petrol have to do with Nigerian manufacturers sourcing raw materials locally?

Dumb and dumber.

FarahAideed:


I will feed your generation for 200 years

Rossinkipp:


On the internet, even an ant can claim to be Elon Musk.

You don't sound prosperous at all.

FarahAideed:



But I am.super rich ..I have nothing to prove to you ...well back to to the topic : Nigerias easiest raw material to process is crude oil , all u need is a heat source and a fractional distillation column ( I know your 65 trying to always survive IQ can never know that) but yet Buhari can't achieve that so how is he going solve others ..he can't even solve electricity that is a local issue....I feel a lot of pity for men like your that have to lick ass just to survive . I know that you even have a wife plus kids and this is how you plan to survive them ? Dude wake up ...

Rossinkipp:


For people like you, nothing short of the govt knocking on your door and dumping a billion naira or more will do.

But the truth is the slow process of building an economy relates to news such as this development.

More manufacturers forced to look inwards for raw materials means more employment for the people, and also means less capital flight via importation, meaning more money in local circulation.

Hope your head can digest all that.

Immatex:


You lie my friend. Only illiterates will believe your bullshit.

Stop saying Manufacturers as though you know a thing about manufacturing. What the hell do you know about procurement and sourcing? What do you know about economy of scale?

Your denial of the obvious, your wishful thinking and blind loyalty is stupidity and foolishness.

All manufacturing sectors in Nigeria are either shutting down production lines or down-scaling production leading hundreds of job losses and you have the temperity to speak of local sourcing.

You even have no shame in using power as your example.

See guy, I can't stress myself on a failed state, arguing with persons like you.

Rossinkipp:


So, are you disputing what the ThisDay report is stating?

You do know that it is THEIR report, which was gathered by speaking to industry stakeholders, that is the source of this thread?

So, we should ignore their work and research and believe YOU, some non-entity with a stinking attitude?

I think not.

Immatex:


Story. Time will tell.

And for your sake, read reliable financial report and business magazines not some quarkery of newspapers.

Rossinkipp:


What an ignorant, illiterate way to view this development.

That manufacturers have just began moving towards the local sourcing of raw materials does not mean the price of everything would drop the next day. Or the same week or month.

Damn illiterate!

SmartPolician:


Oga, you don't even know the meaning of an illiterate An illiterate is someone who can neither read nor write. The last time I checked, the dude you replied can read and write.

To the topic, it's difficult to defend this government and there's nothing cheering about being a Nigerian at this time. A country of over 60 years with 200 million is struggling with 5k megawatts of electricity and the government would prefer to borrow to build railways. SMH

According to your definition of Buharinomics, the scarcity of USD compelled manufacturers to source raw materials inwards and you consider that a policy of this government that works? How funny!

FYI, it's the inability of this government to keep naira from depreciating that compelled those companies to look inwards, meaning that they are frustrated. A government policy works where there's a calculated, long-term strategy to make it work. Six years later, I have yet to see any sweeping reforms that have changed the lots of ordinary Nigerians.

The money Buhari is spending to fix railways should have gone to power to significantly reduce the cost of production. He's building railways, yet the prices of commodities are hitting the rooftops. Lastly, the railway is just means of ensuring that north-bound imported goods make their way from Lagos port to northern Nigeria. Fortunately, the SW is a beneficiary.

Until there's devolution of power (something we call restructuring), we are just wasting our time in Nigeria.

Rossinkipp:


Kindly list these special publications. ThisDay is a respected Nigerian newspaper, and has been so since before your daddy was born.

Immatex:


Read about your country's economy from reliable sources not from the bias or brown envelope Journalism practiced here:

https://www.bloomberg.com/news/articles/2021-08-16/nigeria-s-bank-of-industry-plans-883-million-global-bond-sale

https://www.bloomberg.com/news/articles/2021-06-15/nigeria-s-cratering-economy-may-become-africa-s-biggest-threat

https://www.washingtonpost.com/business/three-reasons-to-be-worriedabout-africas-progress/2021/08/13/4601e0c2-fc0d-11eb-911c-524bc8b68f17_story.html

Then visit https://www.nigerianstat.gov.ng/

We won't succeed in Nigeria by prayer and wishes. We can only grow when we put the right people in office and allow them develop the right system to deliver a robust economy.

I am yet to see what has worked about this economy for over 5 years now. So defending this regime will continue to be a tough job for you.