9jaRealist's Posts
Nairaland Forum › 9jaRealist's Profile › 9jaRealist's Posts
1 2 3 4 5 6 7 8 ... 246 247 248 249 250 251 252 253 254 (of 376 pages)
They tried sha (and credit to Fashola for providing state funds for it)... But frankly those items will fall apart in a few years unless properly PRESERVED. They should ENCASE all of those items (shoes, clothes, instruments, etc.)... And the "artiste" that made that statute should be publicly whipped at the Shrine! ![]() > |
Wettoid123:Next time, just fill in "00000" (which indicates a non-US or Canadian resident)... Nigeria does NOT have actual "zip" codes, but (like the UK) it has postal codes (which is the same concept). Of course in Nigeria, even postal codes are rarely (if ever) used. > |
frankdudus: chapatti:Thanks guys, but +234 is not a "zip code" for any state or city whatsoever.... +234 is Nigeria's international calling code (just as +01 is for the US and +44 for the UK). Meanwhile, next time you get a form that asks for a zip code, simply use "00000"... That normally indicates that the filer is not resident in the US or Canada, and is processed thus. > |
Tonnyray:Distasteful, Disgusting, Disgraceful and Despicable... ![]() > |
daddytime:And one day, it will chop you and yours...smh > |
mamajj17:Nope! They do not... Just a DIFFERENT mode. BTW, bet that "simple" designer dress probably cost more than most folks make in a year. > |
Fvckmoderators:GTB is listed on the London Stock Exchange... Their accounts thus have to comply with the BEST international standards. > |
zakim:The customers should run their businesses the way the better banks are run... Instead many of them use their so-called "businesses" as their personal piggy-bank. > |
Ayam not understanding... Why is she referring to "annual leave"? Is she a government employee? > |
maasoap:It does... Rice is not just about farmers, but the entire value chain that gets it to your table... Just the cost of running generators by millers (not to even mention poor logistics) renders local rice price uncompetitive. Like I noted elsewhere, we have to HONESTLY ask ourselves how rice produced on the other side of the world (often with relatively more expensive labor) and then shipped halfway across the globe still manages to cost SIGNIFICANTLY LOWER than locally-produced rice (stone and all). > |
allthingsgood: ![]() Dude, I will not roll in the gutter of crude and uncouth personal insults with you... It merely betrays a lack of substantive argument and a poor and crude upbringing. > |
maasoap:There is not... Nigeria is now Africa’s leading rice producer (having overtaken Egypt in about 2017), but we are still way short of local demand. Accordingly, even this government grants rice import licenses to some of Nigeria’s biggest local consumers (so long as they show evidence of serious investment in local production), including Olams, Stallion Group and Dangote Foods. This policy will not substantively affect domestic production (that has already been well on the increase and will keep increasing), but rather it will simply INCREASE PRICES of both domestic and imported rice (as we have already seen) for different reasons (the former because of increased demand in an efficient market, and the latter because of the transference of higher tariffs onto prices to the consumer), therefore further IMPOVERISHING POOR NIGERIAN CONSUMERS IN THE WORLD’S CAPITAL OF EXTREME POVERTY! Inflation has already risen from 11.01% to 11.24% in the last month (according to the inflation statistics released by the NBS yesterday), SOLELY on account of increases in the food price index. It will only get WORSE in the Ember months. As for official price controls (which would be the practical effect of price determination by government marketing boards), our own national experience (not the World Bank’s or the IMF’s) have already shown us that it works to DIS-INCENTIVIZE production and deter investment. > |
Cmeo:I AGREE there is the possible upside of collecting duties on shipped imports... But that extra cost will be passed on to consumers, and still does not resolve the issues burdening local production. Government should work for all ordinary Nigerians, rather than simply adding time strained burden of poor Nigerian consumers in the world’s capital of extreme poverty. Accordingly, instead of taking ill-advised actions that will increase prices (either because there are fewer products in the market or because imports are attracting duties that are simply tagged onto consumer prices), what a serious and thinking government should have done is to tackle the real issues burdening local production, including but not limited to, poor seedlings and poor yields, input, irrigation, storage, logistics, road, rail and internal waterways infrastructure to ensure more timely and efficient transportation of products (we currently lose anywhere from an estimated 40% to 60% of harvested products before they reach market, depending on the produce). Sadly, the government has elected to pursue cosmetic POPULISM (either due to ignorance or sophistry)... But these “kick-the-can-down-the-road” actions are not only INEFFECTIVE but will actually HURT the economy further as POVERTY increases. > |
![]() |
allthingsgood:Duh! There’s inflation RIGHT NOW (11.24% if you believe the govt)... Thus, unless interest on your savings account is above 12% the value of your money is ERODING even as you are reading this. Sadly, a reason that Nigeria remains a Third World toilet... Is there are too many folks like you (in and out of govt) who think the basic laws of economics and finance do not apply in Nigeria! SMH > |
maasoap:Because, no thanks to your government’s ill-advised border closure... There’s fewer rice in the market, and also there are no alternatives (ie, foreign rice). > |
wacuc0:Sadly, that’s UNLIKELY to be the case... ![]() If local rice today was better than it was 10 years ago... It’s because local producers were COMPETING against foreign rice imports. By closing the border, the govt has created a CAPTIVE market for local rice... The problem with captive markets (with we consumers as effectively PRISONERS) is that there’s no competition and no incentive to improve. > |
Tenses:But between now and the “next planting season” (assuming no floods or other disaster)... POOR NIGERIAN CONSUMERS IN THE WORLD’S CAPITAL OF EXTREME POVERTY WILL HAVE TO PAY HIGHER PRICES (since there’s less rice). > |
Aderewah:Go to some of these old buildings in our villages and you will see carved stools and tables there (when they could easily have just settled for utilitarian plain chairs and tables). That’s innate/inbred art appreciation, it does not necessarily have to involve the Mona Lisa or a Van Gogh. PS: ‘Tutu’ was actually painted in the 1970s, not the 1980s. > |
Njeps:Meant to write “NOT blocking the drains in the first place”. > |
We have a structural problem.... But we are trying to use a cosmetic approach to bamboozle folks instead of working to resolve the REAL issues. Let examine the underlying structural issues that this cosmetic border closing does absolutely NOTHING to resolve, and why NIGERIA has some of the world’s HIGHEST costs of production and why we still rely on imports for even some of the products that we produce in relative abundance. Let’s start, for example, with tomatoes (since it’s what has kick-started this discourse). Nigeria is actually Africa’s leading producer (and among the world’s leading producers) of tomatoes, but we lose at least 40% of our harvests (some estimates put our losses as high as 60+%) before it gets to market on account of a lack of storage and preservation infrastructure and terrible roads and poor logistics. Closing the border does NOTHING to resolve this. It merely results in POOR NIGERIAN CONSUMERS IN THE WORLD’S CAPITAL OF EXTREME POVERTY having to pay HIGHER prices since without the Benin Republic imports, there’ll now be FEWER tomatoes in the market. Now, let’s look at rice. It may surprise some to learn that Nigeria is actually Africa’s leading producer of rice, having overtaken Egypt in 2017 or thereabouts, but we are still short of meeting local market demand from entirely domestic production (either because our population keeps growing or our taste keeps changing, not surprisingly in tandem with increased urbanization). Accordingly, without importation, we merely replicate the situation with tomatoes - that is, POOR NIGERIAN CONSUMERS IN THE WORLD’S CAPITAL OF EXTREME POVERTY having to pay HIGHER prices because without supplementing local production with imports, we are left with FEWER rice in the same local market. Meanwhile, we have to HONESTLY ask ourselves how rice produced on the other side of the world (often with relatively more expensive labor) and then shipped halfway across the globe still manages to cost SIGNIFICANTLY LOWER than locally-produced rice (stone and all). REALITY (and as my moniker indicates, I’m a hard-nosed realist) is closing land borders does absolutely NOTHING to redress why we have some of the world’s HIGHEST costs of production, not only in respect of rice but with many other products. Our farmers still rely on mostly poor seedlings and poor farming methods, and thus we have probably the LOWEST yield per hectare in most of the developing world. In addition, we are lacking in irrigation infrastructure, and thus not only are we still compelled to rely on the somewhat unpredictable fortunes of “the rains” but are also stuck with seasonal farming instead of year-round farming (which is why we are Africa’s largest producer of maize, and among the world’s leading producers but PARADOXICALLY also one of the world’s leading importers of maize - because for more than half of the calendar year, we neither plant nor harvest corn). Of course, already discussed the issue of poor/non-available storage facilities as well as poor roads and other transportation/logistic infrastructure, that constrains getting products to the market TIMELY AND COST-EFFECTIVELY. Accordingly, if this government was really serious about sound economic policy and development, it would help farmers with improved seedlings for better yields, with irrigation infrastructure to drive year-round farming, proper storage facilities including cold storage for perishables (such as these tomatoes), much better road transportation and logistics infrastructure, necessary market and pricing intelligence/information, in addition of course to better agricultural financing and insurance, among others. Even if some misguided policy makers in Abuja erroneously believe that the border closure is an optimal means to encourage local production (not sure why, but the cluelessness and incompetence in Abuja can never be overestimated), there would still be a LAG TIME for local producers to cultivate, harvest and mill (in the case of rice) their products before even getting to market, so why a SUDDEN closure which simply results in FEWER products in the market. Sadly, Nigeria has become like the proverbial farmer whose farm is on fire and instead of fighting the fire, he busies himself with chasing bush rats fleeing said fire. Thus, instead of addressing structural issues that impede local production and productivity, we merely place an additional layer of effective ‘taxation’ (an Incompetence Tax, if you will) on POOR NIGERIAN CONSUMERS IN THE WORLD’S CAPITAL OF EXTREME POVERTY by DECREASING the quantity (perhaps even quality) of goods available to them and thus invariably condemn them to HIGHER PRICES for fewer goods (and choices). So, let’s be clear about this - the closure of the land borders is an ill-advised resort to cheap cosmetic POPULISM (in derogation of sound economic policy) that bedazzles the gullible but which does absolutely NOTHING to address/redress our structural issues! After, Mr. Buhari drives even more Nigerians quicker into POVERTY, we’ll still be at Square One! > |
Skyfornia: Ferdinandu: Cmeo:But the land borders remaining closed does not mean foreign rice imports are prohibited... It merely means that the RICHER rent-seekers who can import via sea will enjoy the MONOPOLY to import (while small traders lose out). > |
> Abegi, let’s get one thing clear that many comments on this matter seemingly fail to fully grasp... THE ONLY THING THAT’S HAPPENED IS THAT SOME LAND BORDERS HAVE BEEN CLOSED. THERE ARE NO NEW IMPORT BANS! What this means is that you can still import tomatoes, rice and everything you want to... But instead of small traders importing these, it will now be the MONOPOLY of rent-seekers who can afford to ship these items! > |
1stbest:Probably not... But you can take it along and check/discuss. There will be scores of collectors, appraisers and artists. Good luck! > |
greenguy:Whomever currently owns the art piece being sold... However, his son runs the Ben Enwonwu Foundation (which probably owns some of his pieces). > |
1stbest:November 1-3 at the Federal Palace Hotel in VI... > |
aolawale025: preshdoh: solmusdesigns:There are VERY STRICT investment guidelines... Because these are essentially people’s live savings. For instance, only a very small percentage can be invested in equities (in the stock market)... Accordingly, most of these funds ends up in Sovereign Bonds, treasury bills, etc., with high-yields and sovereign guarantees. > |
1 2 3 4 5 6 7 8 ... 246 247 248 249 250 251 252 253 254 (of 376 pages)




