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Nairaland Forum / Nairaland / General / Politics / Border Reopening Will Cripple Nigeria’s Economy, Rep Warns (16700 Views)
Border Reopening: FG Gets $1.3 Billion Funding For Rail Link To Niger Republic / Political Parties Say Withdrawal Limits Will Cripple Campaign Funding / ‘N50,000 Minimum Wage Will Cripple Nigeria Economy’ - Olorunnimbe Farukanmi (2) (3) (4)
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Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by adenigga(m): 3:57am On Apr 11 |
The Chairman, House of Representatives Committee on Information, National Orientation, Ethics and Values, Olusola Fatoba, has canvassed support for the manufacturing sector to discourage imports and boost the country’s economy.Source: https://punchng.com/Border-reopening-will-cripple-Nigeria’s-economy-Rep-warns 3 Likes 5 Shares
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Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by IVORY2009(m): 4:17am On Apr 11 |
Government in Nigeria can not control the prices of goods and services, despite having price regulatory agencies in place by the same govt, this is unfair to the masses. 80 Likes 5 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Juliusganduje: 4:19am On Apr 11 |
Foolish and devilish imp. He is not feeling the hardship Because of the loot in his possession. 169 Likes 7 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by DatNiggaDaz: 4:25am On Apr 11 |
Padded budgets & bullet proof cars will not Court jesters 83 Likes 2 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Apus: 4:29am On Apr 11 |
Nigeria defies economic principles. Buhari closed Nigeria's border for almost eight years leading to shortage in consumable goods and increase in prices of these goods, part of which we're still suffering till today. Imported goods even became cheaper in most cases. Truth is, we're yet to attain self-sufficiency, until we deal with power and energy problems as well as security. 130 Likes 6 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Towncrier007(m): 4:37am On Apr 11 |
It will not,he is concerned because he has businesses that will be affected , not that he cares 124 Likes 4 Shares
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Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by mytime24(f): 5:04am On Apr 11 |
Patriotic rep😂 Bt stealing nja money will'nt cripple nja economy 🤔 38 Likes 1 Share |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by NaijaCowFarm: 5:10am On Apr 11 |
Why are we still buying foreign-made SUVs for Rep members? Tinubu should stop patronizing foreign doctors, afterall we have doctors at home, both native and orthodox doctors. 75 Likes 7 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Racoon(m): 5:17am On Apr 11 |
Have the border closure done any good to the Nigerian economy before? Same place where companies are folding up due to unfeasible government policies? Yet these stupid lawmakers are going abroad for health tourism, buying foreign cars and all manner of nonsense. Open the damned border. 77 Likes 5 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by helinues: 5:20am On Apr 11 |
Air and sea borders are not closed 95 Likes 3 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by omowolewa: 5:24am On Apr 11 |
When the Nigerian Manufacturers are holding Nigerians to ransom. They produce and sell to international market at the price they want, but Nigerian cannot import as they like forcing prices up They used CBN dollar to support Agric and rice production for Nigerians all for the Nigerian rice Paddy to flood AfroMarket, same with maize Gas plant was sold at cheapest price just to encourage production for Nigerians, when it started producing we were told theu need to do international market first or we buy St international price. If you fear importation, I know you will fear AI. Trust me these have come to stay 8 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Savedday2: 5:30am On Apr 11 |
But Nigeria economy is already crippled nah or which other economy is he talking about? If you know the amount of poverty is the land erh! To me, any policy that will make life easier for the people, is very welcome. 11 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Googledotcom: 5:44am On Apr 11 |
The ediot Rep said "let us endure" his brain need serious checking. 37 Likes 1 Share |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by nedu666: 5:50am On Apr 11 |
But northern borders are open, that one is not going to cripple the economy The suv, constituency allowance, huge salary he is collecting will not cripple the economy 20 Likes 1 Share |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by CaveAdullam: 6:05am On Apr 11 |
The article and concern of the rep are everything that can't make a country experience economic prosperity. Opening your borders will reduce the price of goods and services. Because there will be inflow from many sources who intend to capture your market. Even many of the indigenous citizens can see it as an opportunity to act as wholesalers, retailers, or distributors of such goods. Opening your border allows your citizens to focus on the absolute or comparative advantage of goods and services. Rather than try to reinvent the wheel, they can focus on goods and services they have higher powers compared to other countries. By opening your border and allowing the free flow of goods and services, that both import and export, you make life easy for the common man because producers will compete for them by lowering their prices. If the citizens can get their basic needs met they can focus on other things like innovation, invention, and research. Any economy regulated by the government makes both imports and exports difficult. The result is hardship. The people favored are government businessmen and their friends and families. It gives room to monopoly. It makes local manufacturing and production difficult. The function of government is to check for standards and quality and maybe bail out in tough economic situations. By the way, those difficult economic conditions are a result of useless government policies. The free market is what built, America, China, Singapore, etc. Allow the market to decide what will happen in the economy. Give it a free chance. The free market creates more prosperity than anyone can think of. Greed and exploitation in the free market is a fallacy. A fallacy we've all swallowed as truth. When there's competition, which is a result of the free market, there can't be an unnecessary hike in price. See Air Peace and other airlines. Again we don't also consider the cost of production. We only see the price and start shouting "greed and exploitation". However, in a free market, a capitalist market, every manufacturer will maneuver costs to ensure that the price for goods is on the same par with similar goods in the market. Or better still switch to another form of business to avoid loss. Nigeria should open its border. Reduce the amount of import charges. Reduce tax rate. And the economy will grow. There was no country when they were poor that closed her border that ever prospered. No country on earth. No one. Thanks. 35 Likes 6 Shares |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by bigdammyj: 6:06am On Apr 11 |
Noted. |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Nawa4nl: 6:11am On Apr 11 |
The border is only closed in the south. In the North its open. Buhari closed the border to kill igbo business 1 Like |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by atobs4real(m): 6:15am On Apr 11 |
There is hunger in the land. Boarder opening wi hell reduced a lot of items 1 Like |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Inspirer1: 6:15am On Apr 11 |
For Agricultural produce: What has been the benefit of all the FG interventions to farmers, especially up north, if everything seems so expensive especially when prices of the imported food products goes up. I believe anyone, trader or farmer that is receiving govt intervention should not sell like those not receiving. Would it not be better for govt to fix roads, education, the health sector or electricity that will benefit all rather than giving interventions that we won't see the comparative advantages? For instance, we have bought Nigerian rice from Benue that the vendor said its neat,, even showed us pix (fake) of a neat handful lot of rice, she also said no stone, no black stuffs etc, but it's the direct opposite on first cook of the rice, felt so sad and disappointed. Called her to complain, she later admitted, but why the deciet? We have sent the remaining to her paying waybill twice and till this morning she's yet to refund our money after several weeks. If the Nigerian produced own are as good and as affordable, only very few will go for the imported ones if at all there will be. 7 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by atobs4real(m): 6:16am On Apr 11 |
There is hunger in the land. Boarder opening wi hell reduced a lot of items Most of our local producers are evil. All they say is Na Emilokan dey now 6 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Elidrisy20: 6:16am On Apr 11 |
Which economy? Thunder strike your mouth 4 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by omokab: 6:21am On Apr 11 |
DatNiggaDaz:why can't he advocate for home made car from innosin motor instead of the one they bought 140m from oversea . No one is saying they should open border for all commodities of goods but items like rice and few goods will bring down the prices of other goods in the MKT. 5 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Nairalander321: 6:23am On Apr 11 |
But Northern borders are opened. Smh 1 Like |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Apprentice360: 6:24am On Apr 11 |
May sanpona strike that your stinking mouth 4 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Akwamkpuruamu: 6:25am On Apr 11 |
Tunda faya this man. Which economy? Inflation and food insecurity is high and you are their, trying to enrich customs guys the more. They should open d damn border and collect their excise duties 3 Likes |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Akwamkpuruamu: 6:26am On Apr 11 |
helinues: Maybe you will import cars through Air |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by helinues: 6:29am On Apr 11 |
Akwamkpuruamu: Hahaha, how about cargo airplanes? |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by Newton1045: 6:37am On Apr 11 |
Slap that man |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by WorldRichest: 6:40am On Apr 11 |
Western borders or Eastern leaders, because Northern borders have always been opened. Na Ogun go kee una Mama there |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by ivandragon: 6:40am On Apr 11 |
Lol. When you have excess, especially when that excess is provided for you without stress, it is easy to tell others to be patient. Anyway, Hon. made a bit of sense. But there has to be a balance between opening or closing borders. Governments at all levels need to do more to tap and develop the local economic potentials of each area. |
Re: Border Reopening Will Cripple Nigeria’s Economy, Rep Warns by WorldRichest: 6:43am On Apr 11 |
Nawa4nl: Igbo victim mentality again? 2 Likes |
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