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CONGRATULATE YOURSELF AND THE TINUBU GOVERNMENT, MY EXPATRIATE BOSS TOLD ME THIS MORNING, ABOUT HOW THE FOREIGN INVESTORS WILL PACK THEIR LOAD AND LEAVE NIGERIA IF THINGS CONTINUED LIKE THIS _______ MEANWHILE ALL OF YOU ARE BREEDER'S, SERIOUS CRIME ACTIVITY IS ON THE WAY ______AS YOU NIGERIAN CITIZEN LOVE BAD PEOPLE COMING TO GOVERN YOU AND YOUR LOVE ONE

That's not bad... The only question remains: do we have the internal production capacity and self-sufficiency to cushion this??!

If yes, then this is good news.

From the perspective of Healthcare, this is already looking Catastrophic!

I wonder how much the following go for now or will go for later:

1. Augmentin Products and other essential drugs which we obviously don't produce here.
2. Inhalers (for Asthmatics)
3. Supplements
4. Laboratory Materials and Reagents
Etc...

mrvitalis:

The problem with APC is instead of focusing on promoting export they are focusing on preventing import

That's so 1800s economics

The theory of comparative advantage rules the world

You think China can't farm corn and soy? But import it?
You think China can't farm meats? But import?

You think America can't build chips?

Lmaooo Una go learn

Obi was here giving you guys free knowledge no body took it seriously

wetin obi know

Ikaeniyan0:
If importation have reduce, why is the naira still freely falling against the dollar.

I know the lifting of the ban on some items will make the naira fall at the official window.

Is exportation increased?


Naira will start appreciating when will start export far more than we import.

How will that possible? We must start producing what people from outside would be buying from us for us to get more dollars.

Can we produce them? It will be very difficult because of heavy taxes, no electricity, insecurities and energy (petroleum) are too costly.

Ikaeniyan0:
It's you thats making the claim, it's not me.

And when the naira start strengthening against the dollar, the price of a litre of petrol will also start falling.

That will never happen

In the long run this tinubu method will favour the economy but many will be crushed before it arrives...it will favour home grown solutions to our problems. Only the political thieves..those who earn in dollars and ppl close to them will be able to purchase foreign goods...was just wandering if other viable alternatives exist..yeah...like tasking the rich increasing import duty on luxury good..imagine a 200 thousand dollars car with import duty of 3 million dollars no body go bring am enter the country and we will conserve our foreign exchange anybody dat can afford it has some explanations to make.

Kukutente23:
Wonderful!!
Agbado economists now believe importation is evil.
This guys are fuçking clueless Zombies.
Just look at them up there condemning importation as if it's not a part of trade.
One wonders which schools these clowns attended.
Even secondary school economics should cure this cluelessness

this brings back the memory of this topic in economics "Trade", which is divided into 2 category (home trade & foreign trade)
home trade- trade within one's country.
foreign trade -trade between 2 or more countries.

I kept wondering why this administration is making international trade(buying from other countries) looks like abomination

is commerce and economics a joke to apc ni

forgiveness:
The imoprters should source for produts made in Nigeria and export. The same way they travel abroad to source for product to import to Nigeria.

Don't tell me Nigeria doesn't produce anything. Go to Aba alone and see how shoes, bags, belts are made in larger scales though they can request producers to improve the quality of their products then export to other African countries and as far as the Pacific countries. Don't forget Lagos and also Kano are also producing the same.

Open warehouses and shops in these countries to market and sell these products.

These process is tedious and demands strategic consistent marketing and advertising in those countries but the benefit supercedes the pains.

The same way Hyundai, Samsung, Toyota even Pep stores from South African go to other countries to advertise their products and make money for their countries.

The problem with importers, is the urge to make quick money without hard labor.

Mind you, there are other products prodced in Nigeria here. Adire, Aso Oke, Ankara, Innoson, Nord, Electric cables, Nigerian foods, plastic chairs, etc. You can add to the list.

Importers should upgrade and stop looking for fast money.

What can you produce?

CodeTemplar:
Cargoes takes 45 days to arrive and therefore can't change rate of arrival because of dollar in 2 weeks.

It is called projection.
The business world knows where value is and where value will be lost well, well in advance and acts/adjusts accordingly.
Don't worry the present economy will elevate everyone's thinking and hopefully into some sort of competence.

erico2k2:

What can you produce?

even thou we have limited finish goods for onward export to earn forex, what about the huge raw materials we have here, natural resources included.

but all those greedy politicians has make it look like it is must for Nigerians to face untold hardship.

Oxtertee:


even thou we have limited finish goods for onward export to earn forex, what about the huge raw materials we have here, natural resources included.

but all those greedy politicians has make it look like it is must for Nigerians to face untold hardship.

That question was meant for you as a Nigerian. As you can't be telling others what to do with their money

Tinubu is a god sent he has reduced gridlock in our seaports

Bobloco:
It has never been this worst

BAT is doing well, thank God no one can blame GEJ. any more.

The government knows the obstacles but they won't do it.

mrvitalis:

The problem with APC is instead of focusing on promoting export they are focusing on preventing import

That's so 1800s economics

The theory of comparative advantage rules the world

You think China can't farm corn and soy? But import it?
You think China can't farm meats? But import?

You think America can't build chips?

Lmaooo Una go learn

Obi was here giving you guys free knowledge no body took it seriously

The theory of comparative advantage according to Ricardo is a scam that favours only developed and industrialised countries. Nigeria produces mainly agricultural products/crude oil and needs to protect its infant industries and economy from being a dumping ground for cheap imported Chinese goods. The almighty USA and Germany were once against the theory before they became industrialised

Ikaeniyan0:
If importation have reduce, why is the naira still freely falling against the dollar.

I know the lifting of the ban on some items will make the naira fall at the official window.

The ban won’t have any effect on the Naira present free fall. This is because politicians are the ones mopping up all the Naira they loot in government,exchange & domicile in dollars to hold value .

Which importer will buy dollars at #1200 per dollar? How will he make profit also considering the fact that even import duty at the ports were increased also plus 7.5% vat .

Until we hold our leaders/ Politicians accountable, The Economy will remain in shambles. Peace ✌️

forgiveness:
The imoprters should source for produts made in Nigeria and export. The same way they travel abroad to source for product to import to Nigeria.

Don't tell me Nigeria doesn't produce anything. Go to Aba alone and see how shoes, bags, belts are made in larger scales though they can request producers to improve the quality of their products then export to other African countries and as far as the Pacific countries. Don't forget Lagos and also Kano are also producing the same.

Open warehouses and shops in these countries to market and sell these products.

These process is tedious and demands strategic consistent marketing and advertising in those countries but the benefit supercedes the pains.

The same way Hyundai, Samsung, Toyota even Pep stores from South African go to other countries to advertise their products and make money for their countries.

The problem with importers, is the urge to make quick money without hard labor.

Mind you, there are other products prodced in Nigeria here. Adire, Aso Oke, Ankara, Innoson, Nord, Electric cables, Nigerian foods, plastic chairs, etc. You can add to the list.

Importers should upgrade and stop looking for fast money.

you are a clown 🤡

Bobloco:
It has never been this worst

Smart countries will take advantage of the slump in imports to increase local production of exportss, but it will take committed leadership and dedicated people

erico2k2:

What can you produce?

Nigeria produces Groundnut, palm oil, gold, Cassava, Crude Oil, and Supply Ships.

The country has the capabilities to be a steel, refined oil, petrochemical, Aluminium, automobile and ship producer in less than 3 years if it had a committed leader that wasn't interested in stealing oil resources.

President Bola Tinubu as Minister of Petroleum Resources appointed Heineken Lokpobiri as the Minister of State for Petroleum Resources (Oil) and Ekperikpe Ekpo as Minister of State for Petroleum Resources (Gas) in August 2023. They replaced Timipre Sylva who took over the Ministerial portfolio in August 2019.

forgiveness:
The imoprters should source for produts made in Nigeria and export. The same way they travel abroad to source for product to import to Nigeria.

Don't tell me Nigeria doesn't produce anything. Go to Aba alone and see how shoes, bags, belts are made in larger scales though they can request producers to improve the quality of their products then export to other African countries and as far as the Pacific countries. Don't forget Lagos and also Kano are also producing the same.

Open warehouses and shops in these countries to market and sell these products.

These process is tedious and demands strategic consistent marketing and advertising in those countries but the benefit supercedes the pains.

The same way Hyundai, Samsung, Toyota even Pep stores from South African go to other countries to advertise their products and make money for their countries.

The problem with importers, is the urge to make quick money without hard labor.

Mind you, there are other products prodced in Nigeria here. Adire, Aso Oke, Ankara, Innoson, Nord, Electric cables, Nigerian foods, plastic chairs, etc. You can add to the list.

Importers should upgrade and stop looking for fast money.

Seems like u don't understand the economic rule of demand and supply... u think u can just export anything without demand ...u think other countries are like us that are unserious in production... they can only buy what they can't produce ... even as powerful the Chinese economy is , they are really struggling to find buyers for their products like their cars and phones , reason they dump those products in poor African nations ... u think if u go to usa or Germany or Brazil, u will see Chinese cars or phones... Nigeria is a big market for China cos we have money to buy their products at the same time they know we are stupid and can't manage our economy, reason they are having a field day here .... the only think that we can produce that will be in high demand are produce like oil, lithium, gold ( if its of quality) , coal is already heading to its last days as a serious mineral... bitumen to an extent , but again, how much quantity can we produce and how's the quality .... what u should be talking about is how we can reduce import , so that the demand in dollar reduces ...

Ikaeniyan0:
People importing unnecessary things will keep their naira instead exchanging it to dollar and importing an unnecessary thing.

You sure say you get Certificate.

Read what you wrote up there & listen to your self

Omo eru

maxkia:


You sure say you get Certificate.

Read what you wrote up there & listen to your self

Omo eru

Kindly explain what's wrong with what I write the smart one

mrvitalis:

The problem with APC is instead of focusing on promoting export they are focusing on preventing import

That's so 1800s economics

The theory of comparative advantage rules the world

You think China can't farm corn and soy? But import it?
You think China can't farm meats? But import?

You think America can't build chips?

Lmaooo Una go learn

Obi was here giving you guys free knowledge no body took it seriously

What will Obi do differently to boost the so called exports you've been screaming about?
You want to export finished goods and sell to who?What will you or Obi even export?
How long will it take you?
Where will the forex to use to import heavy duty machines your sudden industrialisation projects will need come from if you don't manage imports via substitution?
You think you'll just wake up overnight and start exporting and go and break years of acquired capacity and industry relationships and even lines of credit with giants because one fool who don't even own a viable business is saying so right?
Obi is just a good Orator but a serious dunderhead and calamity that Nigerians chose to pass on and I respect them for that,
Tinubu was the best amongst all three but your hunger driven tribalism and basic depravity can't let you see that because you actually need to be comfortable enough and roll with technocrats and doers to be truly enlightened,which you can't be caught dead in those circles.

sulaak:


Nigeria produces Groundnut, palm oil, gold, Cassava, Crude Oil, and Supply Ships.

The country has the capabilities to be a steel, refined oil, petrochemical, Aluminium, automobile and ship producer in less than 3 years if it had a committed leader that wasn't interested in stealing oil resources.

we are not talking about what Nigeria can produce, Im talking about what you as an individual produce cos this is what its all about

SeaTrade:
What will Obi do differently to boost the so called exports you've been screaming about?
You want to export finished goods and sell to who?What will you or Obi even export?
How long will it take you?
Where will the forex to use to import heavy duty machines your sudden industrialisation projects will need come from if you don't manage imports via substitution?
You think you'll just wake up overnight and start exporting and go and break years of acquired capacity and industry relationships and even lines of credit with giants because one fool who don't even own a viable business is saying so right?
Obi is just a good Orator but a serious dunderhead and calamity that Nigerians chose to pass on and I respect them for that,
Tinubu was the best amongst all three but your hunger driven tribalism and basic depravity can't let you see that because you actually need to be comfortable and roll with technocrats to be truly enlightened,which you can't be caught dead in those circles.

Look we should all forget obi ,obj pmb etc. the man on the Hot Seat is Tinibu, he is in charge an head, so he is to blame and he is responsible for anything that goes good or bad simple,,If he knows he cant sort it let him step down for those who feel they can,

SeaTrade:
What will Obi do differently to boost the so called exports you've been screaming about?
You want to export finished goods and sell to who?What will you or Obi even export?
How long will it take you?
Where will the forex to use to import heavy duty machines your sudden industrialisation projects will need come from if you don't manage imports via substitution?
You think you'll just wake up overnight and start exporting and go and break years of acquired capacity and industry relationships and even lines of credit with giants because one fool who don't even own a viable business is saying so right?
Obi is just a good Orator but a serious dunderhead and calamity that Nigerians chose to pass on and I respect them for that,
Tinubu was the best amongst all three but your hunger driven tribalism and basic depravity can't let you see that because you actually need to be comfortable and roll with technocrats to be truly enlightened,which you can't be caught dead in those circles.

I was ready to debate you... But when you said Tinubu was the best? U mean same man that avoided interviews? Fumbled at any given opportunity


The bolded is typical of your type you project your type how you behave unto others

erico2k2:

Look we should all forget obi ,obj pmb etc. the man on the Hot Seat is Tinibu, he is in charge an head, so he is to blame and he is responsible for anything that goes good or bad simple,,If he knows he cant sort it let him step down for those who feel they can,

Every step Tinubu has taken so far is a step in the right direction with long-term results,
Give the man time.
And as for the depreciation in the parallel market,in time to come all the steps he's taking now will make them obsolete in the Nigerian fx scene.

mrvitalis:

Nigerian importation was never the issue in fact we need to import more for things to be cheaper

The issue is we don't export enough

We didn't export enough during Obasanjo, GEJ, Buhari still it wasn't this bad.
I think someone or group of persons are intentionally making it fall this bad, so that they can bring dollars into the country and buy up huge properties, leaving almost nothing for the poor

mrvitalis:

I was ready to debate you... But when you said Tinubu was the best? U mean same man that avoided interviews? Fumbled at any given opportunity


The bolded is typical of your type you project your type how you behave unto others

Oh trust me,I wasn't up for debate with you,
Just wanted to put your emptiness in its rightful place.
Tinubu's personality or charisma shouldn't be a determinant for what he can achieve,
Have you seen Mike Adenuga coming on TV for any bickering or interview before?
Can your empty obi build a tenth of what he's built?
Personalities and character differ and shouldn't be a progress determinant, even though I don't expect you to know this as its clearly above your pay grade.
Real achievers don't need media frenzies, their actions are all that matters.

/

Every election, they package one rubbish human being and sell to Nigerians.

Knowing the penchant for Nigerians to self-sabotage, the gimmick always worked.

People like FFK that packaged the nonsense have retreated to their shells to continue enjoying their lives while the basket of gullible are left to wither away in penury.

/

SeaTrade:
Every step Tinubu has taken so far is a step in the right direction with long-term results,
Give the man time.
And as for the depreciation in the parallel market,in time to come all the steps he's taking now will make them obsolete in the Nigerian fx scene.

No time to give chance ahah well itis favouring us abroad. just so you know 1 pound
is now N1500