Akwamkpuruamu:


They are mopping up your produce. Farmers can't go to farm because of insecurity and high cost of apric inputs. The little they produce, neighbours come and buy it off.

Ask Bulaba to subsidise agric inputs

finishmatter:
Exactly. This is actually one of d benefits of devaluation.

Civetcat:
“Our food products are the cheapest around the neighbourhood,” Senator Kyari declared.

So produce more . This is exactly what the policy is supposed to do. More exports means more forex and the inability of farmers from neighbouring to compete on price . Kick this one out already

Opinedecandid:
Nice from them.
Posterity will vindicate them for speaking up.

Civetcat:
“Our food products are the cheapest around the neighbourhood,” Senator Kyari declared.

So produce more . This is exactly what the policy is supposed to do. More exports means more forex and the inability of farmers from neighbouring to compete on price . Kick this one out already

a4cube:
Story.

Codes151:
It’s now I know northerners know nothing about economy.

How does economy worsen or fall due to subsidy removal?

How does floating of naira destroy economy. ??

Make una Dey read before commenting.

Floating of naira should not be this devastating unless there are people hoarding foreign currencies.

Maybe if you guys start putting value to things in naira we won’t be so dependent on dollars that you don’t know how them Dey print am

christejames:
They should resign if they don't want to join our Tinubu in teaching Peter Obi and his supporters a bitter lesson

Codes151:
It’s now I know northerners know nothing about economy.

How does economy worsen or fall due to subsidy removal?

How does floating of naira destroy economy. ??

Make una Dey read before commenting.

Floating of naira should not be this devastating unless there are people hoarding foreign currencies.

Maybe if you guys start putting value to things in naira we won’t be so dependent on dollars that you don’t know how them Dey print am

dre11:


https://tribuneonlineng.com/budget-agriculture-ministers-fault-subsidy-removal-floating-of-naira/

christejames:
They should resign if they don't want to join our Tinubu in teaching Peter Obi and his supporters a bitter lesson

christejames:
They should resign if they don't want to join our Tinubu in teaching Peter Obi and his supporters a bitter lesson

falconey:



Who them be? Where is my two by two?


Northerners get mind o, you fault your president policies? A Government you are currently part of

advanceDNA:


Baba...na u no understand Nigeria economy..
Two problem with this country is that We are a nation dangerously reliant on imports and the government is heavily stealing our foreign earnings

Mention anything goods in Nigeria....including what we produce here and I will show u one or two stages of the production chain that is dependent on imports(dollar)

. Even our local farming rely on fertilizers that is imported.. in 2022 alone Nigeria imported over 300 million dollars worth of fertilizers....

Immediately the government stopped subsidizing the naira... I.e floating it...the naira went to its original value....and importers of foods and other goods we use started bringing goods at expensive rate ...

Manufactures who rely on imported materials in their supply chain also add to increase cost of goods...e.g bread, local rice, chicken, eggs

Go to countries like Kuwait and Oman...they don't produce anything like Nigeria and use imported good alot.. but they use their foreign earnings tru crude oil to stabilize their exchange rate to the same unit as pounds....there by helping their importers to bring in food at cheaper rate..

Imagine the exchange rate being 1naira to one pound....things will be cheap...Thats how Oman's currency is...

No nation should live without subsidy of major goods ......it's how the government help to manage price....and not let the economy go haywire..

Azerbaijan, Georgia, Tunisia even pays subsidy on flour...to keep price of bread, burgers pizza and bread related food at the minimum...

Baba..we are too heavily dependent on imports... Once u significantly fvck with exchange rate like it's happening now.....it will cause problem...we are not ready for floating...

The bad part is they clueless clowns floated the naira and expecting the economy to fix itself.....they ddnt channel the money they saved to subsidize other raw materials that will promote local manufacturers to produce goods we need......


... Dey are playing or they are just wicked...

surgical:
please endeavour to send your children to school so they won't be like you

DeepSight:


Devaluation is suicide for an import dependent economy.

Maobichek:


Hahahaaa! Are you dam serious here? Of a truth, I'm not against removal of subsidy but floating Naira at the same time is wickedness, evil, devilish and uncalled for.

Codes151:
that’s what I mean in summary.

Floating the naira or subsidy should not ruin us like this.

Rather it’s the lack of indigenous businesses and wickedness of some. We are importing unnecessary

Civetcat:
“Our food products are the cheapest around the neighbourhood,” Senator Kyari declared.

So produce more . This is exactly what the policy is supposed to do. More exports means more forex and the inability of farmers from neighbouring to compete on price . Kick this one out already

a4cube:
In a sane country its either they are sacked or they resign since the policy is not in tandem with their vision.

They president don't have balls to sack and they are integrity challenged to resign.

What we have now is executive officers that are not on the same page.

Two northern ministers. Are you thinking what I am thinking?

Codes151:
that’s what I mean in summary.

Floating the naira or subsidy should not ruin us like this.

Rather it’s the lack of indigenous businesses and wickedness of some. We are importing unnecessary

finishmatter:


Not entirely true. It has positive n negative outcomes