₦airaland Forum

obyno82:
if you cannot be deveived why didn't your APC adopt your advice? again you just composed beautiful nonsense.

Am not in APC, I don't support them as a party, I can only like some of their members for their qualities.

Remove that orderly from that man, a real Pastor don't need orderlies, I know a lot of pastors without police security.

Yahaya Bello, think of economic prosperity of kogi state and Nigeria, join in the legacy to make Nigeria a production hub. Dangote is a Nigerian, he have capacity, work with him. This will open up the entire kogi state, property price will go up, hotels, lodge, restaurant, bars will spring up, more visitors will come into kogi, Kogi youths will gain gainful employment, have money, invest and the state's economy and IGR grows, and Nigeria's GDP will increase. Think Nigeria, not about selfish interest. Do it for the good of all, it's by creating wealth and prosperity for Kogi people by opening up the state's economy.

Kogi state government can not run it, government is bad in running business, Ajaokuta steel, NNPC are examples, leave it for the business men and entrepreneurs, just give them support and incentives.

Give am small change, he go follow devil

Nigerians see what your governors do with your money, right in front of your eyes.

Padi padi government while the people are used to settle scores.

Standard organization must ensure every products coming into Nigeria is assessed, made to pass through quality control, verified and tested, to ensure quality. This is why SON standard organization is in existence, with so much money being spent on it by government, they must work closely with NAFDAC, I know NAFDAC will have the equipments for testing consumables, so people don't get poisoned. Shop owners must be enlightened, they must be penalties for selling expired or fake products, shop owners too must ensure what they sell, does not harm Nigerians, this is their responsibility, they are obliged and liable on this.

Of course, na his brother, we know them, they support their people senselessly, even still supporting Nnamdi Kanu, but Nigerians are wiser than them.

quote author=truthfinder319 post=117335119]Yes IPiOB generation. What did APGA and PDP achieve in Anambra State ?[/quote]I thought Psquare had sense, but sadly they are Ipobians, talking dumb is in their genetics. Bigots are uncivilized people, and these guys are not civilized, that is why they have not raised any artiste, they destroyed Cynthia Morgan and May D's career. Selfish people.

amaham:
slowpoke, since APC has halted most imports, has naira stopped falling. Olodo

Mumu the reason naira has not risen, is because our export still has not met or passed our imports yet, Buhari tried to stop rice coming into Nigeria, that helped a bit, but we are still importing way too much of our basic utilities, restrict imports of basic stuff we produce here. Our aggregate import volume keeps increasing yearly due to inflation and population growth, Nigeria is an import based economy, we must change that. Economic policies takes a while to reflect and we need to keep limiting imports to offset the balance of payments deficit, until then our currency will keep falling, restrictions on rice is a good step, but we need to boost local production of other commodities to close the deficit. You people are container shop owners, your senses are limited. Obi is dull, he wants to destroy our economy, under Obi naira will be 1500 naira to a dollar. Obi and mostly igbos are importers, they don't care about growing the economy only care about their pockets. Greedy people. Obi wants to boost his importation business and make money off the destruction of our economy.

Imports don't create jobs, production and manufacturing do.

NwekereNdoki:
Lol.. Na you no smart.

So how will you produce? or u think say production na only agricultural produce?

If someone wants to maybe produce cars or electronics components can the person get all the materials in Nigeria that you are now restricting import?

I a sure, he will decide what to allow and what not to allow as is always the case.

But comming here to say anything import is bad is u being smart by half

Now I see you people are dumb. If you are into car production you can get parts from all over and assemble here. You Ipobians heads are flat so your brain matter is not complete. My point is any nation will avoid importing things it can adequately produce or have, or things that are not really needed, of course if it's needed or important and we can't produce it we import. Your problems are half education, I will stop arguing with you people, seems you people are really dumb, the other Ipobian the last time we were debating dey show me bank receipts

Peter can't win, he is dumb. Of course we will allow car components because it pays us to assemble cars here rather than importing the entire cars, please stop arguing like kids, think before you argue, and stop making me repeat myself. Import restrictions are important on stuff we can produce and have the ability to produce, and on things we don't need, to reduce capital flight and plunging of our currency. Seems you people don't know the meaning of restrictions, restrictions means limiting. We need to limit what we import, and import those things we have no comparative advantage producing, or things we need that we don't have, and avoid importing basic things we can produce, like rice, basic food stuffs and other stuff we can adequately produce. Luxury cars etc, and goods, should have a high import tax rate on them, this is also an import control or restriction measure.

Phoney artiste wey never help anyone, stingy like Peter Obi. See your mates olamide and Davido dey raise up young artistes into multi millionaire and super stars, psquare na bigotry everywhere dem dey promote.

Lazy youths always looking for ways to make Nigeria a crime ridden society. End EFCC, end police, end army, lol, then you will have a jungle not a country.

author=Barryseal post=117331665]
You're too emotive. Where did I mention Buhari? You make it really difficult to engage you.[/quote]You talked about closing borders, it's Buhari that did that, and yes that was a good measure, Nigeria rice production has really boosted and that saves us billions yearly. When we can produce rice, why import it. I think I have enlightened you enough, just go through my posts slowly and learn.

Kasssandra:
I'm going to be honest, and say that this means we would have dollars flowing out of the country...meaning at the end, the value of the naira would crash heavily.

The dollar restrictions we have, as harsh as they are...are why we are not exchanging N5000 for one dollar today...and I am not exagerrating. It may sound cool at first, but the truth is, we are not earning enough dollars to liberalise the market yet.

I know a lot of people like the idea, because we want to go back to the days when we could spend over 500 dollars in a month. But until I see a concrete plan on how we are going to earn more dollars from Obi...and no, I don't want to hear that Obi taking power in Abuja means that we would suddenly get an income of 100 bn dollars a month....and it has to be a plan that involves total removal of subsides...because that is where most of our forex goes...and heavy enforcement of taxation.ie raising our tax to gdp raito to 50% or more.......I'm afraid this plan is wishful thinking. If not a plan to cause severe forex shortage, and inflation, and the naira looking like Zim dollars....

For once, Obi is wrong.


(P.S This does not mean you or i should vote for tinubu or atiku...).

Of what good is a president that won't develop our economy, and further crash our currency. Even a kid in secondary school knows too much imports reduce currency value and shrink economy, causing inflation.

Ever since Obi started talking,, he has not been able to xonvinyme and state methodically how he will transom the economy. Obi's followers is dumbing him down. They are like "obi even you are dumb and clueless, we support you" hell no, we don't need a dull president.

uote author=Barryseal post=117331222]
Enlighten me, closing the borders for instance, do you call it ban or restriction?[/quote]You are obsessed with Buhari,I don't give a Bleep about any politician, am telling you economics. The topic is what am responding to, Obi said imports restrictions should be removed, this will flood our market with unwanted goods and reduce our currency value more, we won't be able to create jobs for our youths if foreign goods flood our market, because our local industries won't see space to sell and grow.

Barryseal:
I stopped reading when you asked I go back to school to learn English. You lack Basic online etiquette for further engagement. Bye

If you don't know the difference between baning and restrictions of imports, then it seems you have no idea what it's all about. You don't really understand it. Don't let sentiments becloud your reasoning. Obi gaffes a lot, he is not as smart as he fakes it to be. Too many contradictions. He is against import restrictions and he supports increasing import taxes, increasing import taxes on goods your nation can adequately produce or don't really need, is a direct import restriction measure.

quote author=Barryseal post=117329324]
Oga in this 21 century, you can't isolate yourself from global business by banning importation. You raise import taxes and encourage local production just like Trump did.
Fund your education sector and research institutions to reverse engineer and localize machines and equipments. The import duties you tax on imported products can be used to fund business ideas just like the Tony Elumelu foundation.

We are in the 21st century. You need smart leaders who will think outside the box for goodness sake.[/quote]Go back to school and learn English, restrictions is different from ban, restrictions means, not allowing things we can produce come into Nigeria, and increasing quality control, not just allowing things we don't need inside. A nation's earnings must be more than his expenditure to other nations, and this can be done by increasing export and restrictions on unecessary imports. Nigeria has been importing too much, too much of what we don't need we are spending money on. When trump came in, he imposed a lot of import restrictions, and this boosted employment for Americans as home industries produce and sell more. We should concern ourselves with Nigeria and Nigerians first. Utilizing monetary and fiscal policies to give home industries an advantage is what every nation does. Especially a nation like Nigeria who can not really compete on production, we must protect home industries to grow, provide Nigerians jobs, expand the economy, export and earn foreign exchange, this is the trajectory we should be heading.

Raising import taxes is part of import restrictions!

See why I called you people half baked

Don't you know too much importation causes inflation?

Too much cash in circulation without much production activity, just spending, money ain't spreading, we are not expanding.

Tinubu stronger than his critics.

obyno82:
Oga you are the one not smart. What is sliding the value of the naira is the multiple fx rate that has created a big market for speculators. Remove import restrictions and harmonize fx rate to a single rate and remove fx restrictions meaning that other FX BDC operators can come into the market and flood it with FX and also exporters can sell fx to banks and others at favorable rates thereby in the long run crashing the value of the dollar against Naira further strenghtening the new currency. This was what Zambia did and it strengthened the currency in two years.

We have a single forex rate listed by all banks and regulated forex dealers, the multiple rates is caused by non regulated forex dealers. What you are talking about is superficial. The real issue when it comes to earning foreign exchange is exporting more, period. This is the balance of payments theory, this is the bottom line, you keep importing you won't earn foreign exchange, you buy more. Obi uses technicalities and ambiguity to deceive you half learned people. These BDC operators won't flood the market with dollars, if we don't earn dollars as a nation, how will the operators get dollars to sell?

They don't print dolars, the other way is foreign receipts, foreign exchange sent in by Nigerians abroad. You can't blame anyone for the unregulated foreign exchange black market dealers, they have been there, though I agree they should be shut down, everyone knows the black market causes the multiple rates, but eliminating this won't increase the naira, it will only give us a single rate. Am talking of earning foreign exchange, you only do that through exports, or by foreign exchange sent in by Nigerians abroad. Stopping black market operators won't increase the value of the naira. You contradict yourself like Obi saying exporters will flood the market, but at the same time supporting removing importation restrictions. Obi can only deceive half baked people like you. We need importation restrictions and more exports to increase our currency value. No wonder obi got a Pass not too sound.

author=socialmediaman post=117328515]

Peter Obi has the least baggage out of all 3 major contenders if elected President. Vote wisely and hold him accountable[/quote]I mean Obi does not know how to develop an economy, unemployment and falling of the naira is one of our biggest problems now, we need someone to expand economic productivity, halt inflation, increase exports and reduce imports by using monetary and fiscal policies.

Barryseal:
With the padlock on our economy and import restrictions as it is, we have more companies packing up and international airlines suspending flights to Nigeria.

The way to true prosperity is creating production units, manufacturing, processing of agro based products and natural resources to finished products and exporting. Importing enriches only the importer business man, clearing agent, and customs, but when you encourage investment and production, you prosper the nation and earn foreign exchange. Nigeria is worlds largest importer of champagne, rice etc, we have been importing, that is what killed our currency and economy. When we took IMF loans and had to follow their instructions on free trade and open borders, our naira started crashing. Obi is not smart enough.

socialmediaman:
Allow people to import and tax them a lot of money to make imports more expensive. Invest more money on local production.

Random nairalander calling O I ignorant. SMH

I mean obi contradicts himself, with one mouth he said he will make Nigeria a production economy, with another mouth he said he will remove restrictions on import.

we all are random, even Obi, because he has not helped anyone. Simple and clear, you can't grow your economy, create job and create opportunities by being a buying economy. This container mentality of igbos is what obi wants to use in Nigeria's advanced economy. Obi can talk a lot but he really can not make us prosper. Listen to him talk, he is not smart. How can you earn foreign exchange by importing?

When you import you have to buy dollars to pay, in the international market, this will keep devaluing our currency against dollar. Obi is a one eyed man, he is good for blind Igbos but dull to be Nigeria president. Only a lame will support what obi says.

socialmediaman:
That's the right thing to do.

Don't restrict them, tax imports higher, and invest the money from the tax on local production

That's what any sane government will do!

There must be restrictions in imports, no matter how you tax imports, if you don't restrict it, it destroys economy, increasing taxes is a form of restriction of imports too, but in some cases government can place a restriction of the amount of certain goods allowed into the country. A buying economy can't provide jobs and multiplier effects. Obi is quite ignorant of economics. Obi just want to appease his importer brothers, but imports destroy our economy. We must look into production and selling not buying. Obi contradicts himself, if you allow unrestricted imports, how will you turn Nigeria to a production economy?

27Pushing30:
basically you are saying further NAIRA DEVELUATION will work? lmaoooooo.

So once the currency free floats and is totally dependent on our balance of trade... make i see how much dollars your naira go buy.

These people including Obi are quite uninformed, it's all about balance of payments. If you don't export more you earn less foreign exchange, and your currency value won't increase, remove importation restrictions, then Nigeria will return to being a dumping ground.

Mr Obi import restrictions is important to build home industries. Encourage production and export, earn foreign exchange. This man is truly clueless, no sense in what he says. Too much importation is why our naira is falling.

Why is it hard for obi supporters to leave sentiments aside for once, and think normally. Must he spell it out for them to know?

Why are you bothered about a private citizen?

Bother about your governors.

ote author=AdamuKD post=117314146]Stop spreading fake news. From the color of the water u will not that it's not in the East. East water dey always dey red zombie
This is Tilumbus Lagos that he created !![/quote]Is that not Anambra's state governor asking for relief from federal government?

No good canals and drainages.