The Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$.

This is coming barely three weeks after the rate was increased from N757/$ to N783/$.

The PUNCH reported in November, that the exchange rate for cargo clearance was raised from N757 per dollar to N783 per dollar, representing a 3.4 per cent increase.

However, our correspondent observed on Thursday that the new rate has reflected on the portal of the Nigeria Customs Service.

Bobloco:
Every single day, Tinubu's calamitous economic policies keep moving millions of Nigerians into poverty

femisplash:

Look at that, cargo clearance. Y'all turned the country into a dump site with all kinds of junks being wasted on dollars, shameless wailers. During the election, they were screaming "from consumption to production" yet they are the biggest culprits of importation. Crying over another man's currency than to strengthen the local currency.

femisplash:

Look at that, cargo clearance. Y'all turned the country into a dump site with all kinds of junks being wasted on dollars, shameless wailers. During the election, they were screaming "from consumption to production" yet they are the biggest culprits of importation. Crying over another man's currency than to strengthen the local currency.

Bobloco:


What are you producing

Tell one single thing you produce

jmoore:

The device you used to post this was imported.
The petrol they use to run generators were you pay to charge your device was imported.

Your Tinubu is borrowing another man's currency.

You are 'accusing' a particular set for importing. Do you know how much FG generates from import duty?

Dey babablu dey go.

femisplash:

College kids in Asian countries cobble together the phones imported, you look for dollars to bring these phones while college kids get paid, aren't you shameless?. it is corrupt and minds like you that had deliberately sabotaged the refineries so they could keep importing fuel. No nation develops with 90% import dependency. This lazy and greedy mentality has to stop.

femisplash:

Look at that, cargo clearance. Y'all turned the country into a dump site with all kinds of junks being wasted on dollars, shameless wailers. During the election, they were screaming "from consumption to production" yet they are the biggest culprits of importation. Crying over another man's currency than to strengthen the local currency.

femisplash:

College kids in Asian countries cobble together the phones imported, you look for dollars to bring these phones while college kids get paid, aren't you shameless?. it is corrupt and minds like you that had deliberately sabotaged the refineries so they could keep importing fuel. No nation develops with 90% import dependency. This lazy and greedy mentality has to stop.

jmoore:

Ode! December don reach. Where is the portharcourt refinery as promised by your APC?

ambale:

What efforts have the current government put into developing local production
Making importation difficult will only jack up prices more
Abi una no dey live this country ni?

femisplash:

College kids in Asian countries cobble together the phones imported, you look for dollars to bring these phones while college kids get paid, aren't you shameless?. it is corrupt and minds like you that had deliberately sabotaged the refineries so they could keep importing fuel. No nation develops with 90% import dependency. This lazy and greedy mentality has to stop.

femisplash:

College kids in Asian countries cobble together the phones imported, you look for dollars to bring these phones while college kids get paid, aren't you shameless?. it is corrupt and minds like you that had deliberately sabotaged the refineries so they could keep importing fuel. No nation develops with 90% import dependency. This lazy and greedy mentality has to stop.

Nonny95:


Mûmu

What have you produced in this life?

Let me not even talk about your kids of you have any.

Bobloco:


What are you producing

Tell one single thing you produce

femisplash:

With the rage within me, if i had the power, i'd lock up everyone of you importing fake fabrics from China to destroy indigenous fabric business. wicked souls.

femisplash:

Look at that, cargo clearance. Y'all turned the country into a dump site with all kinds of junks being wasted on dollars, shameless wailers. During the election, they were screaming "from consumption to production" yet they are the biggest culprits of importation. Crying over another man's currency than to strengthen the local currency.

Kukutente23:

Stop capping trash. Nigeria export more than we import

femisplash:

Trade surplus(in value) where 82% of exports remains petroleum oil, same ol' same.

nedu666:



Let's start with you
What do you produce?

grandstar:


The only way the Naira can be strengthened is for the CBN to raise interest rates. This will immediaty be beneficial.

In the long run, only an export or perish policy will make the Naira soar in value. Note: Too strong a Naira will harm export competitiveness.

Buy locally made goods will not improve the Naira value. You can even go furthe and successfully ban the importation of all goods services and the Naira's value won't rise. It may actually depreciate.