Paretomaster1:


Enemies of the nation, na una go still dey shout when the value of Naira keep nosediving.

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

Oblitz:
Better. They should free rice too

Oblitz:
Better. They should free rice too

Oblitz:
Better. They should free rice too

WorldRichest:
Emilokan maa ba ise re lo, ise re maa nte wa l’orun, Emilokan maa ba ‘se re lo


You cannot compare a Certified Accountant with a useless Army General who couldn’t even secure the nation

Essenza01:


How?

Are the cars not still shipped from same country its shipped now?.. would the duty not be same as paid now?

It's only increases smuggling.

MT:


Then you won't be in a position to blame the govt if a dollar is exchanged for 2000 naira. Opening the borders put too much pressure on the naira. In a simpler term, too much naira will be chasing dollars, and naira will keep losing value.

Every great nations on earth depend less on import. There is a reason for it.

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

malali:


There is no reason we should import a grain of rice.
Same people that want dollar to come down to 160 naira
These are the same people that want to import rice, toothpick and matches.

ThierryJay:


Are cars and rice from Benin republic priced in USD? If no, how would opening the border then increase the demand for dollar?

tollyboy5:

For the past eight years how many rice have you grown?

tollyboy5:

For the past eight years how many rice have you grown?

MT:


No they are not. Nigeria currency will lose value against the Cefa, which is not good for the country as well. Import dependent nation will NEVER grow. This is micro economics.

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

ojun50:
No be to buy motor, na to they fuel am. Of late now holdup no dey too day road again

Inception:
Prices of cars are set to crash

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

Idaytesj29:


What do people really want?

MT:


No they are not. Nigeria currency will lose value against the Cefa, which is not good for the country as well. Import dependent nation will NEVER grow. This is micro economics.

Dotherightthing:


I have NEVER seen a rice farm in my life!

Nigeria is NOT good in rice-production!!

pedel:
You think importing food for consumption is good for our economy?
A country of over 200,000,000 people importing rice despite having land and manpower to grow our own food.
Spending forex to import what we can grow is one of the reasons our currency is devalued.

Dotherightthing:


I have NEVER seen a rice farm in my life!

Nigeria is NOT good in rice-production!!

eldoradoxx:
Let's not talk out of patriotism driven ignorance of how thinks actually work. You restrict importation of items you have comparative advantage in it's local production and import things that you don't easily produce at competitive price compared to your neighbors. Do we import cassava, corn, yam, beans, millet, pepper, okro, the list is endless. The answer is no, why? Because it is cheaper to produce it here than import it. Do we say the same as rice for instance? We don't have comparative advantage locally farming rice. Thailand can produce all of Africa's rice need at a give away price. Before Nigeria banned foreign rice, a 50kg of Thailand long grain well polished rice went for as low as #9-12k, while Nigerian locally produced rice went as low as #5 to 6k per 50k.
Buhari being not knowledgeable in anything was misled that banning foreign rice was the solution, he banned foreign rice so that local rice can sell. But because our local rice is not sufficient to meet demand due tod monopoly conferred on it by a sick government, local rice is now over 35k for 50kg while across the border where there is no restrictions on importation, Thai rice which is far better than our local nonsense rice hovers around #12-15k per 50kg.
All that FG needs to do to reduce food price is allow rice come in to introduce competition between it and local rice. Which ever is better and cheaper win the market,. meanwhile don't give forex to rice importers