Bobloco:
What happened to our “world's largest rice pyramids,” made with a million bags of rice, by the last Administration

What happened to the CBN anchor borrowers programme

An economist, Mr Fasan called the rice pyramids a glorification of subsistence farming.

Just like the groundnut pyramids, the nation has to start pouring resources into crops it has competitive advantage in. Nigerian rice will always be more more expensive than the imported variant. If not for the protectionist wall, Nigeria's rice production would collapse but it is artificially supported by it.

Nigeria even has its own rice variant which is actually better than the imported variant nutritionally-the Ofada and Abakaliki rice. Nigerians should be encouraged to eat it more. That is one reason why there's a rush for it.

Abakaliki rice, if all stones and debris are removed should also be well promoted and the price is actually competitive, with or without a tariff wall.

lexylaw40:
are you happy with the way the north is dominating food production in Nigeria by using their cows to come destroy every farm in the South plus the brutal killing of the southern farmers. And moreover the little rice they are able to produce is simply not enough for over 250 million Nigerians. Causing food inflation

Food production is not a North and South thing. The North is better at food production. Admitting such isn't the end of the world.

It also indicates that the South is actually more advanced.

Again, it is not a North and South thing.

The goal of Nigerian becoming self sufficient in rice production is simply bad economics but it won't go away.

Nigeria if it wanted to can produce enough rice to feed the world. The only thing stopping the country is that it lacks the competitive advantage in rice production to achieve that goal. That is why imported rice is cheaper than the locally produced one.

Nigeria should instead focus on crops it has competitive advantage in such as plantain, yams, cassava, cocoa, avocado and so on. Nigeria's productivity in these crops is poor when compared to countries like Ghana and Ivory Coast. because undue attention is given to rice

Buhari should be arrested for scamming us with the story of Rice pyramid.
I forgot ,who will arrest him sef. Apc is evil.

This government is gradually liberalizing trade.

Xxxxtentacion2:
Tinubu is leading us to the promiseland...
insha allah we thank God we dodged the bullet Peter Obi and landed on the nuclear bomb Tinubu

Someone is importing and you are happy of being led to a promised land when you should already be exporting. We are truly a consuming nation and never a productive one.

Wouldn’t it be better if they use the already fertile land we have to produce the rice? No. It’s cheaper to import compared to doing land preparation and the final processing of harvested rice yet the budget for importing is the same as producing the rice Nigeria, and this can be continued till we get tired of producing, but no, those in charge have more to profit from it than what is there for Nigerians hence the adoption of importing.

You are here celebrating cowardice. We are truly as good or as bad as those leading us.

Nigeria Rice miller are just too devilishly evil, why should a locally produce product should be astronomical high, that is why I support rice importation

HenryWilliams:


What happens to the local rice farmers?
The ones govt banned foreign rice for?
The ones that produce low quality rice that's more expensive than imported rice.
Isn't this a failure of the rice ban?
You banned imported rice to make locally processed ones thrive. They failed to deliver and made rice over 60k per 50kg. Something that was 9k several years back.

Nigeria Rice miller are just too devilishly evil, why should a locally produce product should be astronomical high, that is why I support rice importation

HenryWilliams:

What happens to the local rice farmers?
The ones govt banned foreign rice for?
The ones that produce low quality rice that's more expensive than imported rice.
Isn't this a failure of the rice ban?
You banned imported rice to make locally processed ones thrive. They failed to deliver and made rice over 60k per 50kg. Something that was 9k several years back.

Nigeria Rice miller are just too devilishly evil, why should a locally produce product should be astronomical high, that is why I support rice importation

Solsix:

It's true u don't need your brains to support APC.

The guy is actually right. Read this report, Northern farmers met Buhari and promised to subsidize the price of rice through local production. After they got the money, they did something else

https://www.google.com/amp/s/punchng.com/farmer-hails-cbn-for-lifting-forex-ban-on-rice-importation/%3famp

PoliteActivist:




IMPORTER not exporter mumus. It's a bad thing. A very bad thing!!

https://www.google.com/amp/s/punchng.com/farmer-hails-cbn-for-lifting-forex-ban-on-rice-importation/%3famp

Akwamkpuruamu:


Are we talking of exporting or self sufficiency? Are we in any competition? Produce fess for ur citizens. Nigeria climate is good for rice

They had 8 years to prove themselves, how much is Nigerian rice in market today?

Xxxxtentacion2:
Tinubu is leading us to the promiseland...
insha allah we thank God we dodged the bullet Peter Obi and landed on the nuclear bomb Tinubu

Mumu, wetin u sabi

I no too like Tinubu for all the TINIBULATION wey im dey make us suffer but for this idea of importing rice,I don dey like am small small.
Inshort,let him import any food importable make food berekete for market. That will bring down the cost of living. Nobody should tell me about protecting our industries and economy strengthening. Our local manufacturers are very much greedy.
Abeg Baba T, open all borders. More importations please.

Bobloco:
What happened to our “world's largest rice pyramids,” made with a million bags of rice, by the last Administration

What happened to the CBN anchor borrowers programme

Nigeria happened to them bro!

No direction with polices in this country. Everything na cruise. Is this how will get the much needed Forex? I weep for naija.

luckyz4rea:


Someone is importing and you are happy of being led to a promised land when you should already be exporting. We are truly a consuming nation and never a productive one.

Wouldn’t it be better if they use the already fertile land we have to produce the rice? No. It’s cheaper to import compared to doing land preparation and the final processing of harvested rice yet the budget for importing is the same as producing the rice Nigeria, and this can be continued till we get tired of producing, but no, those in charge have more to profit from it than what is there for Nigerians hence the adoption of importing.

You are here celebrating cowardice. We are truly as good or as bad as those leading us.

There is nothing wrong in importation. It is actually good for an economy.

Nigeria imports rice principally because the country lacks competitive advantage in the production of rice. That means rice produced here will be sold higher than the international price. Because of this, government placed high tariff walls to deter importation or for be imported rice more expensive than the locally made one.

Economies flourish when they invest in things they have competitive or comparative advantage in or what I would call their calling.

Nigeria should instead focus on products like cashew nuts, shea butter, avocado and a host of others. Cambodia with a population barely a 10th of Nigeria produces 700,000 mt of cashew annually while Nigeria produces 100,000mt

Shea butter alone can bring the country as much as $2bn annually from its export. This will more than cover all the rice imported into the country.

Bobloco:
What happened to our “world's largest rice pyramids,” made with a million bags of rice, by the last Administration

What happened to the CBN anchor borrowers programme

All na scam....u don see am with ur eyez na

BUHARI EMEFELIE will riot in pot of Hilda

Mr man, what exactly is your problem? can't you reason 🤔

post=126988457:
Let us plant our own rice.

But wait o,
The last time we did that, did Nigerians buy it?

Charity begins at home

grandstar:


There is nothing wrong in importation. It is actually good for an economy.

Nigeria imports rice principally because the country lacks competitive advantage in the production of rice. That means rice produced here will be sold higher than the international price. Because of this, government placed high tariff walls to deter importation or for be imported rice more expensive than the locally made one.

Economies flourish when they invest in things they have competitive or comparative advantage in or what I would call their calling.

Nigeria should instead focus on products like cashew nuts, shea butter, avocado and a host of others. Cambodia with a population barely a 10th of Nigeria produces 700,000 mt of cashew annually while Nigeria produces 100,000mt

Shea butter alone can bring the country as much as $2bn annually from its export. This will more than cover all the rice imported into the country.

I agree with you 💯

grandstar:


There is nothing wrong in importation. It is actually good for an economy.

Nigeria imports rice principally because the country lacks competitive advantage in the production of rice. That means rice produced here will be sold higher than the international price. Because of this, government placed high tariff walls to deter importation or for be imported rice more expensive than the locally made one.

Economies flourish when they invest in things they have competitive or comparative advantage in or what I would call their calling.

Nigeria should instead focus on products like cashew nuts, shea butter, avocado and a host of others. Cambodia with a population barely a 10th of Nigeria produces 700,000 mt of cashew annually while Nigeria produces 100,000mt

Shea butter alone can bring the country as much as $2bn annually from its export. This will more than cover all the rice imported into the country.

Thank you for educating him🥰. To add to your assertion, during jonathan Obasanjo and yaradua regime, we import rice and our economy is stronger. Dollar is just 150. But buhari than ban it, see our economy now. We should never starve ourselves cos we think we can make a point

FG should open border for rice import

Bobloco:
What happened to our “world's largest rice pyramids,” made with a million bags of rice, by the last Administration

What happened to the CBN anchor borrowers programme

Tinubu have scraped all that programme since last month. Tinubu knows how to compromise. And that's a good trait , he wants a Liberal economy

Just imagine something we produce in our backyards we are still importing.

It should be the other way round but not importing..

donbrowser:


The guy is actually right. Read this report, Northern farmers met Buhari and promised to subsidize the price of rice through local production. After they got the money, they did something else

https://www.google.com/amp/s/punchng.com/farmer-hails-cbn-for-lifting-forex-ban-on-rice-importation/%3famp

Is that the reason for policy summersaults?? If the price is going up it means We have not produced enough. Anyway whatever the president and his team deem fit who am I??

Where is the world largest rice pyramid? All of you expecting naira to regain it's strength are in for a big joke.

I taught this is what the satanic burai administration was against.. where are all the rice pyramid he initiated??

And That oloriburiku manabbgrills Abu wetin Dem they call am support the last administration as if it's the best thing after slice bread and yet he still doing so in this tinubulatin