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Nairaland Forum / Nairaland / General / Business / CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices (23429 Views)
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Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Originalsly: 5:15pm On Mar 20 |
With all the cows roaming and ravaging farms ... why must milk or milk products be imported? .... don't these cows produce milk? |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by BABAawoo47: 5:26pm On Mar 20 |
mohbadliveson:he met dollar at 700 black market and 450 official. Bro doubled that and youre saying welldone |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by 9gerian: 5:32pm On Mar 20 |
This is what happens with every government initiative. The beneficiaries simply take it as their time to game the system to make abnormal profits. This is why the government must get involved through public private partnerships to control exploitation that is pervasive in this part of the world. DIVINEEVIDENCE: 1 Like |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Salubata(m): 5:33pm On Mar 20 |
Government will not rear diary cattle for you, fish, poultry and neither will they force you to. That's ur responsibility as citizen. Stop putting the blame on government. When we have surplus of these, we all going to smile. Or what's your responsibility as citizen? Ask yourself bonechamberlain: |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by chloride6: 5:33pm On Mar 20 |
Didn’t the remove all 43 banned items? So why is being unbanned again? |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Procashtips(m): 5:37pm On Mar 20 |
bonechamberlain: Previous government wanted us to start looking inward This one came, scattered everything, now wants us to return back to depending on importation for everything. 2 steps forward 20 steps backward What a country. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Apel147(m): 5:41pm On Mar 20 |
This one is amongst those pained with northerners achievements 😜😜😜😜 is dangote the only northern so loved to be receiving favours from govt to govt? Your Hypocrisy stinks 🤣🤣🤣 Zwooks: |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Tchuks1: 6:12pm On Mar 20 |
tolue42: You can't achieve much from our local production because of many factors. A farmer who have toiled, then expecting harvest, all of a sudden, he suffers loss due to herdsmen feeding their cows on his farm. What do you expect. Many production company are spending more due to light issue. How do you expect their product to be cheap. Most of raw materials for production are imported and dollar is needed. The cost still goes high. Its not easy. Government need to first of all tackle insecurity and other options 1 Like |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by PARADIZEPRIEST: 6:31pm On Mar 20 |
GOD BLESS CARDOSO |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by soccerlite: 6:36pm On Mar 20 |
REDshouse: Stop setting yourself on fire to make apc/tinubu warm Use your brain |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by soccerlite: 6:38pm On Mar 20 |
budaatum: Importation creates more jobs |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by soccerlite: 6:39pm On Mar 20 |
Tchuks1: https://punchng.com/reign-of-terror-165-farmers-killed-march-farms-deserted-as-bandits-demand-n3bn/ |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Taich(m): 6:45pm On Mar 20 |
MrGerald: No it wasn't a contraband, just that the banks/CBN will not approve your form M, so importers have to source fx from black market, this was before the floating of the Naira. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Taich(m): 6:48pm On Mar 20 |
Nbote:. it was a blanket cover, no company was enjoying any incentive for importation of dairy product. if you have evidence of a company that was exempted please show me. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by adaugo59216: 6:49pm On Mar 20 |
Why floating the naira. APC economic policies ain't straight forwardWhy floating the naira. APC economic policies ain't straight forward... |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by budaatum: 7:01pm On Mar 20 |
soccerlite: Really? Where? |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by safarifarms(m): 7:02pm On Mar 20 |
Didi2d:You are funny. How do you expect it to become cheap when you have refused to join in investing in rice production? The idea was to encourage more people to invest or farm rice. And off course the reduction of supply was going to make the price go up and the expectation would be that as the price goes up then more people would get interested and get involved. If enough people got involved and there is excess production, of course the price would have crashed. It may not get as low as when importations was done, but the price would have been low. But Nigerians including you would not take advantage of the opportunity but prefer to complain. Many are cashing out and would continue to cash out. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by alphaNomega: 7:31pm On Mar 20 |
Salubata: you can not be asking someone his responsibility as a citizen when his government has been irresponsible. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by searchng4love: 7:33pm On Mar 20 |
TrackerSK:Olodo, it wasn't me. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by yommen: 7:45pm On Mar 20 |
Nbote: Won't PiToobi benefit from it? ? ?!!! |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by aniblue(m): 7:46pm On Mar 20 |
Good job, Kindly do same to cement. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by yommen: 7:49pm On Mar 20 |
budaatum: Guy! How many people are employed in the rice industry in Nigeria to justify the 80k price and make 200 Million people suffer? Sincerely, there is no justification in that. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by bonechamberlain(m): 7:57pm On Mar 20 |
Salubata:so you expect Nigerians to put their scarce resources in a very harsh and dangerous business environment where criminals can wake up one morning to destroy years of labour or where one "politician" can influence government policy to favour only him and his cronies. Whatever way you look at it, it is the duty of the government to provide a business friendly environment, security, stable and open policy for all that would enable businesses to thrive. I would not be the one to do that and the government have failed in all. 1 Like |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by bonechamberlain(m): 7:59pm On Mar 20 |
easzypeaszy:so are you now importing rice. You didn't even understand the post, you just eager to criticize. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by carl90(m): 8:28pm On Mar 20 |
We don't really have much local producers of milk and other dairy products in the country. How many companies manufacture quality milk and other dairy products in the country? There is Chi Limited (Chivita hollandia ), Friesland (Peak milk),Dano milk producers, Promasidor(Cowbell),etc. Not that much. So this measure is very much expected. Of which, it should be a temporary measure. Government should still focus on empowering more local businesses to go into dairy production. Local production still remain key. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by soccerlite: 8:42pm On Mar 20 |
budaatum: Yes in nigeria |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by grandstar(m): 8:55pm On Mar 20 |
Nbote: There's nothing even wrong with importing. What's wrong is when you do not export. 1 Like |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by grandstar(m): 9:08pm On Mar 20 |
Salubata: Nigeria lacks any competitive and comparative advantage in producing these things. To achieve self sufficiency in them would take decades and the equivalent of billions of dollars. It's like asking a fat man to be a sprinter. Such would be better off for shot put or discuss throwing. As a sprinter, he would always pass the finish line but will never win. Countries do best when they pour resources in areas they have competitive and comparative advantage. If the money poured wasted on rice had been pumped into agricultural products the country excelled at, the nation's exports would have increased by at least $5bn, if not up to $10bn. Sheabutter and sesame seed have been estimated could each yield $2bn if fully exploited. As Pat Utomi, import substitution policies don't work. They have failed to indisrialize the country. 1 Like |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Salubata(m): 9:21pm On Mar 20 |
We're all Government. We share the blame together. You can't lag behind in your own duty as citizen and be blaming Government about theirs alphaNomega: |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by Salubata(m): 9:40pm On Mar 20 |
Tell me, is there no friendly Business environment in Agriculture sector especially diary cattle u made mention of. What move have you made so far? Stop putting the blame on Government, do your part, TAKE RESPONSIBILITY bonechamberlain: |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by alphaNomega: 9:43pm On Mar 20 |
Salubata:in nigeria, I am my own government. I provide my own basic necessities to survive no matter how modest it is. all government does is to trick me into paying them more money for services not rendered. |
Re: CBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices by bonechamberlain(m): 10:00pm On Mar 20 |
Salubata:there is a friendly business environment in agriculture especially diary cattle, that's why the FG recently opened the doors to import diary product. |
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