JuanDeDios:

I've seen the figures. We produce 25%. We eat a lot of it, so we don't export 25%. But we're still the largest player as far as that commodity goes - so we can still go for it.

JuanDeDios:

How does using the cassava to commodify the naira amount to "building our currency around" it or stop you from using it for other things? Is it either or?

And what's "economic feasibility"? You're out of our depth.

Taylor92:
I now see why Tinubu was avoiding interviews because he’s so empty upstairs

Tinubu should just leave presidency and venture into farming

I’ve never seen a useless & clueless adult like Tinubu

Imagine the mockery?

How Cassava wan bring solution to this country in coma

I spit on the head of everyone who supported this imbecilee

nlfpmod:

https://www.youtube.com/watch?v=MTZYenx9g2g

A Nigerian journalist was filmed in a viral video giving out advice to President Bola Tinubu as he was heading out of a meeting.

The man who identified himself as Ayodeji Bakare, asked President Bola Tinubu to “use cassava in the commodification of the Naira”.

Ejimeh269:
That journalist is making whole lot of sense but illiterates here are making mockery of him......if only the president could just listen and invite him to share more light how it will work. We need all hands to be on desk to solve Nigeria FX problem.

twilliamx:

rex21:


Economic feasibility: the degree to which the economic advantages of something to be made, done, or achieved are greater than the economic costs.
Say every country agrees to this plan, how much will it generate, less than 0.5bn.
Now, we have to agree to pay china in yuan, US in dollar, etc. Whether they use our cassava, we must get their own currency to pay them for whatever we get from them. Remember that we are largely consumers than producers.


Who'll loose out economically (economic feasibility)

Chokehold:
Nor be lie, he campaigned so much with cassava, eba, ewa and agbado. That's a good call coming from a very loyal supporter.

For those of you who don't know what commodification means; It simply means, using cassava, its end products as well as byproducts as a form of commodity trading/export to generate revenue. This will alllso help straighten the already depleting foreign reserves as well as reign in strong values for the naira as the government won't need to pay make currency exchange for goods desired because cassava can be used for payment. Agbado can also be commodified

rex21:

So, what is stopping us from requesting for the naira in exchange for our cassava ??
Look at the figures i googled, how true are they ??

JuanDeDios:

What are you talking about? So the US has to get Venezuelan currency anytime oil is paid for in dollars? We're talking about China sourcing naira to pay for cassava - no, we don't give them yuan in return.

Do you know how much Malaysia was making from palm oil in the 70's? Zero dollar. How much they're making today? Google it (you know a thing or two about googling). You're ignoring the vast opportunities for expansion that exist cassava since the world is trying desperately to run away from fossil fuel and looking for the likes of ethanol. And 0.5 or how much you say it is currently isn't nothing - since there is no cost to commodifying the naira using cassava.

TheGoodJoe:


You can't gain from such without massive investment. No matter the program you have, you need capital to get to the end users. In Nigeria, our political system makes a large chunk of our resources end at the tables of politicians. That is why nothing works. Not that there are no products to export and trade for revenue.

Biola67:

Pa ara eh ( kill yourself) . He’s your president till 2031

TheGoodJoe:


You can't gain from such without massive investment. No matter the program you have, you need capital to get to the end users. In Nigeria, our political system makes a large chunk of our resources end at the tables of politicians. That is why nothing works. Not that there are no products to export and trade for revenue.

zoghys:


Pele ooo, garri bandit

Chetas81:
so casava can be solution to Nigeria problem,is anything really wrong with the Nigerian youth of nowadays

rex21:

I dont understand your first paragraph, do rephrase.
The demand for cassava is very very low. Its not something that makes sense economically. Comparing cassava to palm oil is very hilarious. What is the total world revenue from cassava ??

emmanuelbrown26:

U hv to differentiate BTW Nigerian youths and vagabonds from South West

JuanDeDios:

Understanding comes with reading to understand. Read what I wrote, and then read what you wrote in response in bolded. You don't understand, so you're repeating yourself and raising a point I already admitted and responded to.

Holluwhakemmy:
Allow him to crying that's what he's destiny for here on nairaland

rex21:

I'm not sure you understood what you wrote yourself. If the total cassava 'economy' is very small, what do we stand to gain even if we control 100% of it ??

lawani:


Nigeria do not produce enough cassava for local consumption not to talk of export. Export is negligible but Nigeria us the largest producer on Earth but it is staple food here and China wants it for piggery feed. Cassava can replace flour for bread and Indomie. It can be used for many things but the price will have to drop for China to be able to afford it for piggery feed. If we double production, it can still be consumed in Nigeria. It is however not a forex earner. Forex earners are remittances, oil, Nollywood, cocoa, and tens of others. Cassava is not been exported much. It does not account for significant forex but it is a major sector in the local economy

Chibuzoripob:
The suffer wet don KILL Ur family finish.U go CRY well

rex21:

So where does the problem lie and how do we derive a solution. Because i know that this stupid commodify nonsense is just hullabaloo

JuanDeDios:

Hmm. Read what I wrote again. This time s.l.o.w.l.y.

Ok, let me simplify it further, using numbering.
1. International trade in cassava is a small market today (In fact, we're not currently growing it as an export commodity, as most of what we grow is consumed here. Something important happened in the cassava industry in 2002 that told me a lot about that sector, but I won't bother you with that.).
2. But huge opportunities exist for its GROWTH.
3. Number 2 is true especially because the world is hungry for bioethanol, as it's running away from fossil fuel.
4. If 2 is true and there's money to be made, people will go into it, we will scale up production the way Malaysia scaled up palm oil.
5. Other countries too.

I expect you to come back and repeat the same you've already raised 3 times and received a response to - before and above.

#Okbye

JuanDeDios:

Hmm. Read what I wrote again. This time s.l.o.w.l.y.

Ok, let me simplify it further, using numbering.
1. International trade in cassava is a small market today (In fact, we're not currently growing it as an export commodity, as most of what we grow is consumed here. Something important happened in the cassava industry in 2002 that told me a lot about that sector, but I won't bother you with that.).
2. But huge opportunities exist for its GROWTH.
3. Number 2 is true especially because the world is hungry for bioethanol, as it's running away from fossil fuel.
4. If 2 is true and there's money to be made, people will go into it, we will scale up production the way Malaysia scaled up palm oil.
5. Other countries too.

I expect you to come back and repeat the same you've already raised 3 times and received a response to - before and above.

#Okbye

IamOrei:


Tinubu empty upstairs?
i dnt care abt ur level of education but i can bet with anything that u are not as intelligent as that man.
only an unintelligent being will call that man clueless