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Nairaland Forum / Nairaland / General / Politics / Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods (2929 Views)
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Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by Jostoman: 9:08pm On Nov 08, 2021 |
BlackfireX:go and sit down |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by leofab(f): 10:38pm On Nov 08, 2021 |
dasparrow:thank you.. Animal spokesman.. |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by SeniorGee(m): 2:17am On Nov 09, 2021 |
vedaxcool: I can tell you for free that 90% of the goods (rice included) that imported through the Beninois ports are made by Nigerians since it's cheaper for them to do business from there. Your government frustrates every legit business 1 Like |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by CraigMorrison: 3:48am On Nov 09, 2021 |
flokii: Don't mind him Na Buhari Media Boy. Watch how he disappear and won't be able to find any coherent response for this 1 Like |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by mmanwuijele: 10:05am On Nov 09, 2021 |
Blue3k: Lol can the zoo afford to do so? Guy, Zimbabwean dollars is stronger than Naira. The Zoo called Nigeria is finished and the gworo eating cow from Daura sealed it. |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by Ovamboland(m): 3:25pm On Nov 09, 2021 |
flokii: 7k not possible, a bag of 50kg rice in Thailand, one of largest exporter of rice is over 20k, how can Niger that buys from them have it at 7k equivalent? You are just making Nigerians long for non existent price relief. |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by zanshi: 4:20pm On Nov 09, 2021 |
The problem with Buhari regime is that they don't know to communicate business policies, that was why few months to him resuming office, there was massive capital flight which put pressure on our small forex reserve, amongst other factors. I was part of the people who crossed the border 2019 when we found out that there was going to be a "2 months border closure" and that the border was going to be closed because of the increase in smuggling activites of drugs like Tramadol. A lot of people who trade around the border were awaiting for the re-opening of the border only for them to say turn around after 2 weeks and say border was going to be restricted for the export and import of certain goods and there was panic in the market. Back in Uni, we all studied something called "Backward integration" if you want to produce something locally which you import, you need to do your research and make investment that will not only allow you to produce cheaply but also at a comparative advantage. We all know rice import is costing Nigeria a lot of $$$ and we need to engage communicate with Nigerian farmers on how we can 2x our local output and also invest in value chain that can guarantee economics on scale in that regard. But what did Buhari's regime do "Ban, outlaw, cancel, nullify". One thing Nigerian market dosen't like is uncertainity and panic that will put more pressure on inflation and the middle class. My 2cents 1 Like |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by gabolak(m): 4:31pm On Nov 09, 2021 |
Tit for tat |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by Ovamboland(m): 5:18pm On Nov 09, 2021 |
dasparrow: What are they retaliating for ? Closing the border or leaving the northern borders open. Bigotry has eaten deep into some souls |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by Ovamboland(m): 5:20pm On Nov 09, 2021 |
vedaxcool: It's really exasperating, and these are the ones who think they are competent. 1 Like |
Re: Benin Republic Customs Retaliate,imposes N9m Per Nigerian Truck On Transit Goods by Ikea81: 5:43pm On Nov 09, 2021 |
vedaxcool: Imagine someone preferring to route goods through another country than his own...make the Nigerian ports clearing seamless, stop the corruption and stop blaming Benin. The real saboteur is Nigerian Government. 1 Like |
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