India government has established over 100 rice mills and agro manufacturing factories to subsidize food prices

Despite sanctions from the West, The russian populace is still standing because they plant and produce the grains they eat and the Russian government still subsidized the grains for its citizens and the European union is still suffering the after effect ever since Russia banned food exports

Why cant a country like Nigeria have the same? , Nigeria has more population than Russia or are they people holding down this country as a result of sabotage

The IMOTA rice mill has been sabotaged to not produce its full capacity, they barely produce enough to sell

We need revolution

This is getting annoying and irritating at the same time.
Nigeria has rice meals.
Then even if we had 100000 rice meals,you think rice will now become 30k or even 50k?
So long as the naira remains devalued and continues plummeting,so long will price of not just rice,,but every other item sold in Nigeria,produced here or imported be high!
Let me give you another practical example;Dangote and the pH may soon start production and make Nigeria self sufficient in fuel;you think then fuel will sell for less than 650?
Infact,fuel price will likely reach 800-900 when these refineries come on stream because they will tell you that the production cost is high due to the exchange rate and even at that,that if fuel is sold at less than the 700,800 or whatever,it will be smuggled to other African countries because it's will be cheaper for them due to our badtardized naira

There are 200 rice mills in the country brother…

The largest is BUA.

Nigeria is the biggest rice producer in Africa by a country mile.

Nigeria is not ready for anything. A cesspool of corruption.... There was a time federal govt or so brought farm equipments and they were all packed in one nddc complex, to be loaned/shared to farmers. None of those things were loaned. They were shared amongst themselves.

seborrhic:
This is getting annoying and irritating at the same time.
Nigeria has rice meals.
Then even if we had 100000 rice meals,you think rice will now become 30k or even 50k?
So long as the naira remains devalued and continues plummeting,so long will price of not just rice,,but every other item sold in Nigeria,produced here or imported be high!
Let me give you another practical example;Dangote and the pH may soon start production and make Nigeria self sufficient in fuel;you think then fuel will sell for less than 650?
Infact,fuel price will likely reach 800-900 when these refineries come on stream because they will tell you that the production cost is high due to the exchange rate and even at that,that if fuel is sold at less than the 700,800 or whatever,it will be smuggled to other African countries because it's will be cheaper for them due to our badtardized naira

They don't know how important exchange rate is....they think countries that ensure their exchange rate is low are stupid.... Oman and Kuwait use their foreign earnings on crude oil to hedge their currency to be on the same level as pounds/dollar so that imported goods can be fairly affordable....

It's only in Nigeria that we have clowns for rulers think they can embezzle their foreign and local earnings but floating the currency and remove all subsidy will automatically fix the economy seamlessly...

Apc is the evil cankerworm eating Nigeria...

They propagate thick propaganda to keep looting this

None of its presidents or candidates are nationalists..

Nigeria means nothing to them.. but looting looting and looting

For 12 nothing has been right .. and they still don’t care but keep blaming PDP..

Imagine if Apc acn or Cpc that won 99 elections.. by now .. Nigeria will be struggling with Zimbabwe or Venezuela

While some thick skull fools will be on media go type and hype the evil

Thank God Nigerians atleast witness good governance.., and good life.. before 2015

advanceDNA:


They don't know how important exchange rate is....they think countries that ensure their exchange rate is low are stupid.... Oman and Kuwait use their foreign earnings on crude oil to hedge their currency to be on the same level as pounds/dollar so that imported goods can be fairly affordable....

It's only in Nigeria that we have clowns for rulers think they can embezzle their foreign and local earnings but floating the currency and remove all subsidy will automatically fix the economy seamlessly...

Infact the thing is tiring.
The other day,one dindirin was saying if Nigeria can grow our foods,then things would be cheaper,that's it's because we import most of the food we eat that prices are high.
I now cited yam,garri, beans, plantain,infact all unprocessed,agricultural foods we eat,including rice are grown in Nigeria,so why hasn't made them cheaper?
Infact the difference in price of 50kg imported and local rice is about 2-3k!Despite the fact you have to pay duty on imported rice,transport it through ship from abroad,paying export duty at country of origin,then import duty and custom charges in Nigeria,then still transport it in costly trucks from seaport to warehouses.
Yet you only buy a big bag at just 3k difference!!
It's the exchange rate,stupid.
Nigerians are even still relatively enjoying.By the time the true foreign exchange reflective price for fuel is used and fuel sells for 1000-1200 is when they will know if they would continue starving to death in silence or take the bulls by the horns and depose this corrupt, incompetent,satanic government.

If you ask me,na who i go ask

seborrhic:

Infact the thing is tiring.
The other day,one dindirin was saying if Nigeria can grow our foods,then things would be cheaper,that's it's because we import most of the food we eat that prices are high.
I now cited yam,garri, beans, plantain,infact all unprocessed,agricultural foods we eat,including rice are grown in Nigeria,so why hasn't made them cheaper?
Infact the difference in price of 50kg imported and local rice is about 2-3k!Despite the fact you have to pay duty on imported rice,transport it through ship from abroad,paying export duty at country of origin,then import duty and custom charges in Nigeria,then still transport it in costly trucks from seaport to warehouses.
Yet you only buy a big bag at just 3k difference!!
It's the exchange rate,stupid.
Nigerians are even still relatively enjoying.By the time the true foreign exchange reflective price for fuel is used and fuel sells for 1000-1200 is when they will know if they would continue starving to death in silence or take the bulls by the horns and depose this corrupt, incompetent,satanic government.

You dey talk like mumu. Talking like you know everything. Calling people stupid because you think you knows what you are talking about, but alas, you are the stupid one here. Vietnam dong for instance, is useless, 1 dollar is 24,500 dong. But still, Vietnam is 64% cheaper than the united states. You think is because of exchange rate things are getting harder and harder? Well that's because that is what they want you to believe. I won't argue more with you, because it might seems like a waste.

advanceDNA:


They don't know how important exchange rate is....they think countries that ensure their exchange rate is low are stupid.... Oman and Kuwait use their foreign earnings on crude oil to hedge their currency to be on the same level as pounds/dollar so that imported goods can be fairly affordable....

It's only in Nigeria that we have clowns for rulers think they can embezzle their foreign and local earnings but floating the currency and remove all subsidy will automatically fix the economy seamlessly...

Oman and kuwait have about 4.5 million people each

Oman produces 1.2m barrels per day. Kuwait about 4 million

That means that per capita their income is far far higher than nigeria with 200 million people and oil production less than 2million bpd.

Thats why they can do those things and nigeria cannot.

Davidblen:
India government has established over 100 rice mills and agro manufacturing factories to subsidize food prices

Despite sanctions from the West, The russian populace is still standing because they plant and produce the grains they eat and the Russian government still subsidized the grains for its citizens and the European union is still suffering the after effect ever since Russia banned food exports

Why cant a country like Nigeria have the same? , Nigeria has more population than Russia or are they people holding down this country as a result of sabotage

The IMOTA rice mill has been sabotaged to not produce its full capacity, they barely produce enough to sell

We need revolution

Do you know Nigeria is the largest rice producer in Africa? There's a lot of rice mills in Nigeria especially in the north.

Jamestown123:
You dey talk like mumu. Talking like you know everything. Calling people stupid because you think you knows what you are talking about, but alas, you are the stupid one here. Vietnam dong for instance, is useless, 1 dollar is 24,500 dong. But still, Vietnam is 64% cheaper than the united states. You think is because of exchange rate things are getting harder and harder? Well that's because that is what they want you to believe. I won't argue more with you, because it might seems like a waste.

Stupidity personified. You reason with your anus

Jamestown123:
You dey talk like mumu. Talking like you know everything. Calling people stupid because you think you knows what you are talking about, but alas, you are the stupid one here. Vietnam dong for instance, is useless, 1 dollar is 24,500 dong. But still, Vietnam is 64% cheaper than the united states. You think is because of exchange rate things are getting harder and harder? Well that's because that is what they want you to believe. I won't argue more with you, because it might seems like a waste.

Mumu man, Xchange rate is the reason things are hard.

nairalanda1:


Oman and kuwait have about 4.5 million people each

Oman produces 1.2m barrels per day. Kuwait about 4 million

That means that per capita their income is far far higher than nigeria with 200 million people and oil production less than 2million bpd.

Thats why they can do those things and nigeria cannot.

Here we go with this population nonsense.... Do u even know what u are saying...Do u want to share the money among 200million pple??

Hedging ur currency is like paying subsidy..
U don't have to make it 1naira = 1 pound..

It can hedge it to a fair amount of as 200naira=1 pounds and we have the oil to do it..we just embezzle all our foreign earnings..using it for unimportant things

Are u forgetting this was what obasanjo did during his time...?? We had enough foreign reserve, we ddnt have this huge debt...and we could pay subsidy and still hedge the naira...

We had 180million pple in 2010..and we still bought big camry muscle for 1.8M....its almost 8M now

Baba...population should not make a nation remove total support for the exchange rate....

..where is the money they removed now from oil and the exchange rate.? Its all stolen...they keep deceiving u pple with population.... Corruption is the first and last problem..not population

Catapault:
There are 200 rice mills in the country brother…

The largest is BUA.

Nigeria is the biggest rice producer in Africa by a country mile.

Stop being deceived. You don't produce enough to feed half your population. And this is after your government spent over 500 billion and the price of rice went 10x

We can't because it does not benefit the political elites.
Whatever won't have an enormous benefit to the political class won't come easy

nairalanda1:


Oman and kuwait have about 4.5 million people each

Oman produces 1.2m barrels per day. Kuwait about 4 million

That means that per capita their income is far far higher than nigeria with 200 million people and oil production less than 2million bpd.

Thats why they can do those things and nigeria cannot.

We don't have an oil problem, we have bad governance and corruption.

advanceDNA:


Here we go with this population nonsense.... Do u even know what u are saying...Do u want to share the money among 200million pple??

Hedging ur currency is like paying subsidy..
U don't have to make it 1naira = 1 pound..

It can hedge it to a fair amount of as 200naira=1 pounds and we have the oil to do it..we just embezzle all our foreign earnings..using it for unimportant things

Are u forgetting this was what obasanjo did during his time...?? We had enough foreign reserve, we ddnt have this huge debt...and we could pay subsidy and still hedge the naira...

We had 180million pple in 2010..and we still bought big camry muscle for 1.8M....its almost 8M

Baba...population should not make a nation remove total support for the exchange rate....

..where is the money they removed now from oil and the exchange rate.? Its all stolen...they keep deceiving u pple with population.... Corruption is the first and last problem..not population

No, you don't get me.

What i am saying is simple. Oil money is not enough for us.

That is why since independence we should have diversifed our economy.

Infact, that shows you how much apc has failed self.

I.am also showing you not all oil producers are equal. Unless your population is small enough you cannot make a living from oyel.


At the end, we have a lot of natural resources that if we play our cards right can make us richer than kuwait and oman

Too bad we have a goverment that worships oil right now.

tctrills:

We don't have an oil problem, we have bad governance and corruption.

True, but 1.8 m barrels revenue is not going to sustain a population of 220 million people.

That's why we have a largely governance problem. A governent that does nothing about our other numerous resources or even idistrial growth and development

nairalanda1:

No, you don't get me.

What i am saying is simple. Oil money is not enough for us.

Baba stop it ...which oil is not enough.... It's management....when u are sharing common wealth....u don't share it per head.... U put into things a lot of pple will benefit from....

Baba... ..go to Algeria, Georgia, Azerbaijan, etc..these countries use their small foreign earnings to pay small subsidy on wheat flour... Please go and read the sense in that move

U cannot remove all the support u give to ur goods and services and not cause collapse... Subsidy payment is not a bad thing...and no nation should say it cannot pay it at all..
It's how common wealth is manage and price is controlled by government on common goods

nairalanda1:

That is why since independence we should have diversifed our economy.

Bros... .diversify all u want ..that doesn't mean u should totally float currency ....we are not yet the united states... Let's not behave like united states

For example, Brazil is a great exporting nation....they still import thousands of goods .....we are not ready for complete currency floating ....that's why we are here now in this mess.... That Nigeria don't have enough foreign earnings to support the naira is a bunch of lies they tell you....

nairalanda1:

At the end, we have a lot of natural resources that if we play our cards right can make us richer than kuwait and oman

Oga we are already richer than Oman and Kuwait... Na thief too much for nigeria

Davidblen:
India government has established over 100 rice mills and agro manufacturing factories to subsidize food prices

Despite sanctions from the West, The russian populace is still standing because they plant and produce the grains they eat and the Russian government still subsidized the grains for its citizens and the European union is still suffering the after effect ever since Russia banned food exports

Why cant a country like Nigeria have the same? , Nigeria has more population than Russia or are they people holding down this country as a result of sabotage

The IMOTA rice mill has been sabotaged to not produce its full capacity, they barely produce enough to sell

We need revolution

If only Rice mills and Agricultural industries can be built with tribalism and ethnicity, Nigeria would have had many.

nairalanda1:


True, but 1.8 m barrels revenue is not going to sustain a population of 220 million people.

That's why we have a largely governance problem. A governent that does nothing about our other numerous resources or even idistrial growth and development

First, let them stop stealing the little we have. Then let them improve on our oil capacity. We used to drill 2.2 million barrels but out capacity keeps falling. Then increase our refining capacity. Only these few suggestions will go a long way before we even talk about other resources

tctrills:

First, let them stop stealing the little we have. Then let them improve on our oil capacity. We used to drill 2.2 million barrels but out capacity keeps falling. Then increase our refining capacity. Only these few suggestions will go a long way before we even talk about other resources

1.Stealing has to stop. I think that my comment does not mean I deny stealing is happening.

2.Even if we increase production, and we should also do refining....we still need to diversify away from oil. Having 80% of our revenue coming from oil is not a recipie for economic success.

(Saying that does not mean I back the government, you know).

Jamestown123:
You dey talk like mumu. Talking like you know everything. Calling people stupid because you think you knows what you are talking about, but alas, you are the stupid one here. Vietnam dong for instance, is useless,[b] 1 dollar is 24,500 dong. But still, Vietnam is 64% cheaper than the united state[/b]s. You think is because of exchange rate things are getting harder and harder?

You ended up making a mighty,heavy f ool of yourself.
Of course things would be far cheaper if you are using dollar to buy stuff.
Infact using dollar conversion rate,things are still extremely cheap in Nigeria and prices should still go up.
Secondly,minimum wage in Vietnam is almost $200=₦300,000!
Minimum wage in Nigeria is ₦30k!!
So if a Nigerian is paid 300k as minimum wage,he/she would be living in comfort with the current price of things.
I can therefore see that you are not only dumb,but confused at the same time and don't know anything about the topic you delved into.

advanceDNA:

Baba stop it ...which oil is not enough.... It's management....when u are sharing common wealth....u don't share it per head.... U put into things a lot of pple will benefit from....

Baba... ..go to Algeria, Georgia, Azerbaijan, etc..these countries use their small foreign earnings to pay small subsidy on wheat flour... Please go and read the sense in that move

Algeria...1.7 million barrels, a diversified economy, 40 m people
Gerogia: diversified economy, don't rely only on oil
Azerbajan: diversified economy, again not oil reliant.

U cannot remove all the support u give to ur goods and services and not cause collapse... Subsidy payment is not a bad thing...and no nation should say it cannot pay it at all..
It's how common wealth is manage and price is controlled by government on common goods

Well, with debt eating 99% of our revenue as at May 28th 2023, any sane person would have cut subsidy

PLus sane countries

1.Pay for subsides by taxes...which is not possible in Nigeria with less than 20% of our income comming from taxes

2.Pay for subsides by taxes...which is not possible in NIgeria with less than 30% of taxable population paying tax to the federal government

Yes, corruption exists and makes things worse.

3.Pay to the producer, not cut prices below production cost and pay a subsidy that cannot cover the cost.

DId I mention we have most of our income being eaten by debt.

YES IT WAS APC FAULT...and as someone who has never voted for them, I blame them for it

But as you can see the milk has been split. We got to clean it up and start over. (Sadly the cleaners don't know what they are doing..ie govt).

Bros... .diversify all u want ..that doesn't mean u should totally float currency ....we are not yet the united states... Let's not behave like united states

For example, Brazil is a great exporting nation....they still import thousands of goods .....we are not ready for complete currency floating ....that's why we are here now in this mess.... That Nigeria don't have enough foreign earnings to support the naira is a bunch of lies they tell you....

Brazil also runs a diversified economy and exports enough to import...plus where did I say that imports have to stop?

Oga we are already richer than Oman and Kuwait... Na thief too much for nigeria

We are, once we use our resources other than oil, we will be. Which is kind of my point.

(Plus at 1.7 m barrels per day, we no reach Kuwait's 4.5 m barrles per day




You miss what I am saying because it does not jibe with your thought process. And because i support subsidy removal...which I did since 2011 by the way.

There's nothing that NIGERIA CAN'T CRIMINALIZE. We are all SABOTEURS.

nairalanda1:



You miss what I am saying because it does not jibe with your thought process. And because i support subsidy removal...which I did since 2011 by the way.

I ddnt miss anything...and stop this ur condescending way of dialogue... U jumped into my mentions quoting population as a reason why Nigeria can't help it's citizens...and i told u its a bunch of lies....
....
I shut u down with the fact that we had this huge population in era of obasanjo?? Ddnt we pay subsidy?? ..ddnt we peg the exchange rate??U conveniently dodged that point...

U now started working barrels of oil...we don't have to have same barrels of oil....the facts is we both have cheap foreign earnings...they use their better....we steal ours....thats the major problem.

. Everything Kuwait and Oman does we can do on a smaller scale....

U leaders removed all subsidy ..from oil , from exchange rate, etc..and used it to increase governors/state allocation....as in who does that.??... Should that be the next move... Governors that don't know more than using road and roundabout projects to steal money.....

Oga..U are just giving it corrupt and poor leaders excuses..

There's nothing that NIGERIA CAN'T CRIMINALIZE. We are all SABOTEURS.


LET TAA-TINUBU AKPABIO AND ARIWOOLA RELEASE FULL AUTONOMOUS POLICING RESOURCING AND ELECTIONEERING STATUSES TO OUR 36 CONSTITUTIONAL STATES NOW.

advanceDNA:



I ddnt miss anything...and stop this ur condescending way of dialogue... U jumped into my mentions quoting population as a reason why Nigeria can't help it's citizens...and i told u its a bunch of lies....
....
I shut u down with the fact that we had this huge population in era of obasanjo?? Ddnt we pay subsidy?? ..ddnt we peg the exchange rate??U conveniently dodged that point...

U now started working barrels of oil...we don't have to have same barrels of oil....the facts is we both have cheap foreign earnings...they use their better....we steal ours....thats the major problem.

. Everything Kuwait and Oman does we can do on a smaller scale....

U leaders removed all subsidy from , from exchange rate, etc..and used it to increase governors/state allocation....as in who does that.??... Should that be the next move... Governors that don't know more than using road and roundabout to steal money.....

Oga..U are just giving it corrupt and poor leaders excuses..

SO, saying we have not diversified our economy is excusing our leaders?


Im sorry to say, but that is the most riddiculous thing I have ever heard.

Oga, I did not vote for APC In 2015, and 2019 and 2023...expecially in 2023...because in 2015, they promised diversification, and by 2023, they had not diversifed.

Lack of diversification is why we are here today. And it is all APC's fault...

If you cannot see, sorry.

(FIN).

nazicartel:
Nigeria is not ready for anything. A cesspool of corruption.... There was a time federal govt or so brought farm equipments and they were all packed in one nddc complex, to be loaned/shared to farmers. None of those things were loaned. They were shared amongst themselves.

This is why I think, this government is wasting their time. The main reason why no policy will work is because, the adminstration use Loyal metric for compensation and not integrity metric.

Till Jesus comes, integrity metric will always win.

nairalanda1:



SO, saying we have not diversified our economy is excusing our leaders?


Im sorry to say, but that is the most riddiculous thing I have ever heard.

Oga, I did not vote for APC In 2015, and 2019 and 2023...expecially in 2023...because in 2015, they promised diversification, and by 2023, they had not diversifed.

Lack of diversification is why we are here today. And it is all APC's fault...

If you cannot see, sorry.

(FIN).

I'm saying weda u diversified or not ..these leaders are evil and will steal anyway... and we will still be where we are today....

I'm am saying not diversify is not why we are buying rice for 74k...one makrel fish for 2500, and crate of eggs for 4k....and bread for 2k...
A large change ..all in less than 1year.....

If u can't see that..then shove ur sorry up ur àss

advanceDNA:


I'm saying weda u diversified or not ..these leaders are evil and will steal anyway... and we will still be where we are today....

I'm am saying not diversify is not why we are buying rice for 74k...one makrel fish for 2500, and crate of eggs for 4k....and bread for 2k...
A large change ..all in less than 1year.....

If u can't see that..then shove ur sorry up ur àss

You are really really not seeing my point, and are busy busy projecting.

Anyway, that's the thing with most of you. You don't want to understand.

Well, keep on supporting PDP, and LP, and let them support APC. aS FOR ME

Whether you like it or not, corruption and an economy where 80% of the income is from oil is not a strong economy. APC Makes things worse. That high cost of rice is a symptom of bad governance.

Good night.