The same people clamouring for local manufacturing will not for a second patronize locally produced goods.

SmartyPants:


Lol. Which Economics 101. A country that hypothetically does not import anything will never need fx. A country that doesn't need fx will have a stable currency and low inflation. A country with a stable currency and low inflation will not see mass layoffs.

I don't know where you learned your own Economics 101.

A developing country must go through an industrialization phase or it will never develop. There are ways to manage the transition through fiscal and monetary policies

There's no way a country can survive without importing.

Again, no country is independent.

Importation can be strictly monitored, but no eliminated.

Even local manufacturing firms use chemicals that need to be imported.

Use your brain.

MrPOTUS:




There's no way a country can survive without importing.

Again, no country is independent.

Importation can be strictly monitored, but no eliminated.

Even local manufacturing firms use chemicals that need to be imported.

Use your brain.

Yeah, I suspected my usage of the word "hypothetical" would fly over the heads of the numerous dunces that litter this site so I'll take the blame for that one. My bad.

I was illustrating, using a simplified scenario, how restricting imports strengthens the naira and thereby saves jobs not advocating for a total ban on imports. Got it?

TajuDEENaMao:

It's obvious you can't read and assimilate

No Taj, it's obvious education holds no promise for you. Are you in school? Drop out now and use the money elsewhere.

MrPOTUS:




There's no way a country can survive without importing.

Again, no country is independent.

Importation can be strictly monitored, but no eliminated.

Even local manufacturing firms use chemicals that need to be imported.

Use your brain.

What about a situation of importing what can easily be produced in Nigeria, instead of government helping the poor youths and bringing value to naira they preferred unnecessary importations

We have strong workforce in Nigeria considering the population but govt ignored the youths and chose printing money and importation as survival means, now onyibo don tire to Dey see our useless naira cos they have it plenty

SmartyPants:


Lol. Which Economics 101. A country that hypothetically does not import anything will never need fx. A country that doesn't need fx will have a stable currency and low inflation. A country with a stable currency and low inflation will not see mass layoffs.

I don't know where you learned your own Economics 101.

A developing country must go through an industrialization phase or it will never develop. There are ways to manage the transition through fiscal and monetary policies

Is there any signs in this country to show that we are on a stealthy path to industrialization? Zero power, high tax, high inflation, high unemployment, insecurity etc. How do you industrialise under these conditions?

TajuDEENaMao:


https://punchng.com/manufacturers-may-sack-workers-as-naira-loses-39/?amp

The shege just Dey start, even in the face of all these problems and challenges some fools will still want to defend their political oppressors calling themselves government, thunder mixed with Amadioha fire all of una wey dey support bad government

Akwamkpuruamu:


Is there any signs in this country to show that we are on a stealthy path to industrialization? Zero power, high tax, high inflation, high unemployment, insecurity etc. How do you industrialise under these conditions?

No doubt Nigeria is on a very difficult path at the moment but industrialization remains the only solution. That suggests that a serious government should settle down and address these issues one after the other starting with insecurity.

obinna58:

What about a situation of importing what can easily be produced in Nigeria, instead of government helping the poor youths and bringing value to naira they preferred unnecessary importations

We have strong workforce in Nigeria considering the population but govt ignored the youths and chose printing money and importation as survival means, now onyibo don tire to Dey see our useless naira cos they have it plenty

Naso we see am o bro.

D politicians are not intentional about fixing this country.

justtoodark:


none of them has a solution to what we caused ourselves....

better vote somebody that understand this messy game....
tinubu was the best choice and already had a resume as former lagos governor that everybody want to move to today....

So people running to Abuja now is because of What and who?

Until we follow the china way,we will continue to deteriorate as a nation, until we learn to send the imf and world bank packing from our lives,we will never grow,until we decide to sit down and decide how to run our economy in the best economical way that will be beneficial to ourselves,we are destined for doom.
We Nigerians and African nation and most developing nations have foolishly and cowardly refused to do away with the adoption of a racist currency (dollar) as their king currency,they have continued to tie themselves down with slave loans and they seriously think that they would ever be able to break free from it.

SmartyPants:


No doubt Nigeria is on a very difficult path at the moment but industrialization remains the only solution. That suggests that a serious government should settle down and address these issues one after the other starting with insecurity.

Do we have a serious government now? One that is saddled with brazen corruption. One that wants the citizens to sacre but they are feeding fat. Does it worth it?

Someone who openly said “na statistics we go chop?”

And mofos who claim to be educated went ahead to vote him in as the leader, i pity for this country

smh

cassette:



Console yourself all you want, but your family is relishing in anguish and deep poverty, nothing would change the fact that bad decisions have consequences!!

Tinubu is a far better presidential candidate compared to Obi, if you like kill yourself because of my unbiased opinion.

opamoses1:
Local manufacturing is the way to go to rid the country on the dependence on dollars.

The floating of the naira to get it's real value is showing that the naira is a terrible currency that has been padded by the government for too long... Get rid of importers of things that can be easily manufactured in the country.

Have you ever visited a factory before that you're suggesting that the government should get rid of importers?

Take for instance a plastic producing factory. They would need chemicals and raw materials which would be mixed and put into the machine. Those chemicals are not locally produced. so even though the company is producing plastics here in Nigeria, they're still importing the chemicals they would need for production to continue.

Also we have the issue of Diesel which is over a thousand naira per liter. And if you must know, these factories run 24hours. They have morning and night shift staffs.

So with our epileptic power supply, and dwindling Naira, how do you propose they sustain production by running their Diesel powered plants continuously for a 30day calendar month without accumulating losses?

Even the USA that hosts the world's largest industries still import certain raw materials for their industries.

The truth is running a manufacturing business in Nigeria is almost becoming a non-profitable venture.

Odogwuzack:


Tinubu is a far better presidential candidate compared to Obi, if you like kill yourself because of my unbiased opinion.

lol enjoy the hardship you have brought upon yourself and your household , of course no need to ask you to kill yourself, I know by the time Tinubu finishes with you, you won’t even survive it, I’d bookmark your comment and keep reminding you !

justtoodark:


none of them has a solution to what we caused ourselves....

better vote somebody that understand this messy game....
tinubu was the best choice and already had a resume as former lagos governor that everybody want to move to today....

Very funny....when he left as Lagos State Governor, what was the percentage of those that moved there.

Remember.... people migrating to Lagos State is not because the government is working but because the State has so many catchment pit to strive in Businesses and it is the duty of those migrating there to find the means and targeted places ....never the Government ...

Dude OK let's assume that Tinubu was the best among the 3 candidates(ceo). But reality here is staring you in the face that's your firm its crashing,all the indexes n data are pointing to a collapse will you still stick to the "best candidate". In football we see where managers are sack under a month,the manager was their best candidate.
When you analyse situations u strip of emotions n sentiment u deal with the data because data don't lie humans can only manipulate them

Odogwuzack:


Tinubu is a far better presidential candidate compared to Obi, if you like kill yourself because of my unbiased opinion.

SmartyPants:


Lol. Which Economics 101. A country that hypothetically does not import anything will never need fx. A country that doesn't need fx will have a stable currency and low inflation. A country with a stable currency and low inflation will not see mass layoffs.

I don't know where you learned your own Economics 101.

A developing country must go through an industrialization phase or it will never develop. There are ways to manage the transition through fiscal and monetary policies

U cannot do away with importation, supply chains and raw materials is crucial... and with the poor exchange rate, can ur products compete?

Nazgul:

Have you ever visited a factory before that you're suggesting that the government should get rid of importers?

Take for instance a plastic producing factory. They would need chemicals and raw materials which would be mixed and put into the machine. Those chemicals are not locally produced. so even though the company is producing plastics here in Nigeria, they're still importing the chemicals they would need for production to continue.

Also we have the issue of Diesel which is over a thousand naira per liter. And if you must know, these factories run 24hours. They have morning and night shift staffs.

So with our epileptic power supply, and dwindling Naira, how do you propose they sustain production by running their Diesel powered plants continuously for a 30day calendar month without accumulating losses?

Even the USA that hosts the world's largest industries still import certain raw materials for their industries.

The truth is running a successful manufacturing business in Nigeria is almost becoming a non-profitable venture.

Well said....
Manufacturing in Nigeria will face difficult times ahead....

Blazebond:
Until we follow the china way,we will continue to deteriorate as a nation, until we learn to send the imf and world bank packing from our lives,we will never grow,until we decide to sit down and decide how to run our economy in the best economical way that will be beneficial to ourselves,we are destined for doom.
We Nigerians and African nation and most developing nations have foolishly and cowardly refused to do away with the adoption of a racist currency (dollar) as their king currency,they have continued to tie themselves down with slave loans and they seriously think that they would ever be able to break free from it.

Oga shut ur mouth if u don't know what to say....what has imf, world bank and dollar got to do with this topic, China is one of the largest holders of USD, what are u talking about, if u ditch imf and world bank, what alternatives are there? The NDB by brics is still at infancy, chinese loans have helped but how far will it go...we need multiple options and u are talking about ditching imf, shut ur mouth

Minsk24:

U cannot do away with importation, supply chains and raw materials is crucial... and with the poor exchange rate, can ur products compete?

There's a reason the word hypothetical is in italics sir. It's a simplified example to make a point about the relationship between importation, currency strength, and employment.

Never imagined any mortal could be worse than buhari
# the shyyythole from fry pan to FIRE 🔥🔥🚩🚩💯

CodeTemplar:
Gradually, the consequences of not building local manufacture grounds up is revealed. Over the years, the preferred way to be an industrialist is to import highly processed raw materials then do little packaging.
Only import substitution can save the Naira value now.

Also, the consequence of Nigerian companies having to import capital & loans. They should be generating capital from the country. Very silly entrepreneurs.

Also government should clamour less for FDI, so we have to bother less about having a stable exchange rate.

cassette:


lol enjoy the hardship you have brought upon yourself and your household , of course no need to ask you to kill yourself, I know by the time Tinubu finishes with you, you won’t even survive it, I’d bookmark your comment and keep reminding you !

Tinubu is far better than Obi. If another election is held today, Tinubu will still win.

koondog:


Those are mostly afonjaa. I must tell you, afonjaa have one of the worst IQ I've ever seen. They don't reason like normal human beings. Most of them cannot barely eat a full meal day, yet they are comfortable with this government because it's their tribe.

Seun Mynd44 Fergie001 Mukina2 Dominique and other pro Igbo mods on NL...

This comment has been on this page for hours... Hope you won't ban anybody that gives reasonable reply to this?

Been self employed is the way to go. Though it's not for everyone. Imagine getting sacked.

Iamanoited:
NAIRA IS NIGERIA SOVEREIGNTY AND MUST BE VALUED AND PROTECTED.
GOVERNMENT MUST LISTEN TO MAN'S COMPLAINTS ON LOCAL INDUSTRIES, PRODUCTS PRICING AND GENERAL INFLATION..

How has the sovereignty put food on your table?? Unless you're part of the political family

Teymanhenry:

The FG is the main importer of goods. Imagine, after building the dangote refinery. Next we hear was Dangote refinery is importing crude oil. Same crude oil we have in Nigeria

.

Odogwuzack:


Tinubu is far better than Obi. If another election is held today, Tinubu will still win.

I agree, but you are suffering more than you did last year, and if Tinubu still wins you would still suffer some more !! At least you are enjoying the consequences of your dumb decisions!!