₦airaland Forum

NASS is all bark no bite and the ministers know it.

Mac2016:
Dumbfounded on our lack of vision. So this has to take pains to imagine the formation of joint patrol force?
So disheartening

Lol what were you expecting to happen? The FG gave their demands yo reopen border a week ago.

the judge said, “My docket is not going to be a waiting room for the prosecution. I will give you one more adjournment. If nothing happens on the next date, I will strike it out.”

I agree with this sentiment. Why waste the courts time and tax payers money. There's no need for an indefinite adornment. Nigeria and the UK have an extradition treaty. I dont see why they'd deny extradition of Diezani anyway.

Front page: Lalasticlala mynd44

Lol they're not affraid of lpsing seats ti challangers or recall. I'm not surprised by their behavior.

bigboyk:
No nation is an island. No matter which way you look at it, international trade is very important. Tight security should be established at the borders. Nice one.

The Nigerian government knows closing the borders is a dumb long term play. Custom investing in more technology and e border are steps in the right direction. The next issue to address are tariffs and oil subsidies.

According to him, “The partners are mobilising about $ 450 million in investment to attain the complete turn-around programme. A complete automation of the activities of the NCS within 12 months will boost revenue and eliminate all forms of sharp practices in the system.”

they would ensure people crossing their borders would display travel documents recognized by the Economic Community of West African States regional bloc.

Lol weren't you guys doing this the past 20 years. Government workers are paid to look busy.

There's a dialectical difference between the languages. It's like asking difference between mandarin and Cantonese languages.

It's interesting how people groups so closure together geographically speak differently. Im sure this interesting topic for linguists.

Lol wasn't this falana's advice? It's what Nigeria does deal with terrorists. Nigeria's other demands still have to be addressed. The packaging requirements countries wont be a hard sell. Demanding them to dismantle wearhouses along the Nigerian border will be. Im guess the Federal government wants them 20km away from the border.

Falana advised the Federal Government to “urgently dialogue with Nigeria’s neighbouring countries to jointly fight the menace of smuggling, which necessitated the border closure by Nigeria.”

Source

By Camillus Eboh

ABUJA (Reuters) - Nigeria and neighboring countries Benin and Niger have agreed to set up a joint border patrol force to tackle smuggling between the West African countries, they said in a communique on Thursday.

Foreign ministers from the three countries met to discuss smuggling following a decision by regional giant Nigeria, which has Africa's largest economy and biggest population, to close its land borders to trade until at least Jan. 31, 2020.

Nigeria launched a partial border closure in August to tackle smuggling of rice and other goods. And last month the head of customs confirmed that all trade via land borders had been halted indefinitely.

The joint communique from the meeting in Nigeria's capital, Abuja, said the Benin and Niger delegations had appealed for the immediate re-opening of Nigeria's borders.

The concerns were noted and the delegates agreed on the "establishment of a joint border patrol team comprising the police, customs, immigration, navy and state security services of the three countries", the communique said.

The force will hold its first meeting in Abuja on Nov. 25 and 26 and will later advise on the re-opening of the borders.

The delegates also agreed that the ministers of finance and trade from the countries would set up a committee to promote intra-regional trade, and said they would ensure people crossing their borders would display travel documents recognized by the Economic Community of West African States regional bloc.

Since taking office in 2015, Nigerian President Muhammadu Buhari has introduced policies aimed at curbing imports and smuggling, to boost local production.

Despite being Africa's top crude oil producer, Nigeria imports most of its refined fuel due to the moribund state of its refineries.

Some 10-20% of Nigerian fuel is then smuggled to neighboring countries, according to the Major Oil Marketers Association of Nigeria, as gasoline is heavily subsidized in the country and prices are higher in neighboring countries.

In July, Nigeria signed up to the African Continental Free Trade Area, a project to create a $3.4 trillion economic bloc, despite its fears that it could be flooded with cheap goods from competitive neighbors.

Source: https://www.reuters.com/article/us-nigeria-trade/nigeria-to-form-border-force-with-neighbors-benin-and-niger-to-fight-smuggling-idUSKBN1XO2JD

It was further gathered that the SEDC bill which also seeks the establishment of a governing board for the commission which shall include one person from other geopolitical zones in the country, was passed by the Eight Senate but failed to receive presidential assent.

Why bother unless you have veto proof majority or amended bill to his liking. What's different about this bill?

Righteousness89:
Doing all These will be nice.

But Will not stop Fires from happening..

The Human mind is limited to wat it is given..

In this case, Do as instructed!!

Righteousness89:
The Truth is that the Government can do nothing about it..

Fires can and will happen it's best to be prepared. Do your prayers just make sure you implement practical solutions. You pretending there's nothing that can be done is wrong.

Righteousness89:
Okay! What should they do about this...

Implement fire codes to reduce chances of disasters happening. Anyone that fails to abide by them gets fined.

• Smoke alarms in the building
• sprinkler system in building along with fire exitingusers.
• occupancy limits
• city needs install fire hydrants for fire fighters if they haven't already. Etc

bonaventure777:
Where can I download it

I dont know. Im streaming it on Netflix.

You mean like the other thousands of inmates.

rurouni kenshin. Season 2 is really good. I decided to rewatch show after 10 years. I'll read the manga afterwards to see the canon ending.

grandstar:
2 millionaires squaring out. Was this necessary?

It was for their fans who wanted a rematch. Im sure this is about entertainment and glory for them. I'll check this one out. I heard last fight was a disappointment.

Yeah its in Brussels. Last time I checked the guy in charge Mario Draghi.

Correction Germany.

0monnak0da:
I think you are misusing the pronoun YOU
They are not my policies

What have I done?

Is this personal for you
The policies you are talking about are a secret revealed only to you

You didn't spend an hour proclaiming the virtues of protectionist polices? The policies you advocate for are being practiced the results are clear.

0monnak0da:
Governments do not create wealth people do,entrepreneurial people with some grounding or aptitude for manufacturing technology and business cooperation.

It was not a random occurrence. The Chinese had a strategy that goes back to when they lost Hong Kong. They realized that they had been sleeping for centuries. A country that was once the greatest nation on earth long before America existed took the wrong historical corner and Europe overtook and bullied them. They recount this period as a period of Humiliation and so they prioritized educations with an emphasis of skill acquisition and industrialization. Now They make their own guns and bullets and that is not open to "Free Trade" >.
In order for Nigeria to rise to the top we will necessarily annoy some people

Let us think our own thoughts and stop regurgitating the Western narative. West Africa can be rich JUST by trading within

What we lack is entrepreneurs and CAPITAL

Where are the African Banks lending at 1% in dollars like US and EU banks Those American companies when they enter Africa have no competition against small players who can only borrow at 20%?? That is an institutionalized border that is not physically visible.
If the rest of ECOWAS want us to be their America they should make the Naira the reserve currency and move capital to Nigeria.
If Afric

It's your policies if you dont ecourage investment dont blame populace. If you dont want to you'll stagnate like your currently doing. Foreigners are willing to FDI under right conditions. You're free to practice bad policies and blsme west.

The naira is a trash currency. Nigeria could sell it's oil in naira any day it wants to. Dont blame ECOWAS for wanting to hold on currency that loses value same by 10% each year. Lol Nigeria even wants to abandon naira for Eco currency but I doubt they will.

0monnak0da:
Your military spending matrix is discredited.
China and its people are very different from Indian people in terms of work ethic and entrepreneurial character. I assume you are handicapped by poor knowledge of history of China and its people.
The success of Chinese entrepreneurs is evidenced in Singapore, Taiwan, Malaysia and Hong Kong
China grew as a result of protectionist policies which countries like the USA are now trying to push back against not because they followed IMF prescriptions of subscribed to phantom free trade ideology. China allowed investments on its own terms often with "technology transfer stipulations" Nigeria has not wised up to that and that is why after 50 years Julius Berger still uses white engineers whereas China enforced technology transfer vigorously
US navy helps everyone in general? I do not see how it helps us. Bombing Libya is something we continue to pay a huge price for while US companies snap up oil blocs. That is part of Trade. It has always been it is just more sophisticated

You haven't debunked anything. I guess we'll just have disagree. Yeah all those countries rank pretty high on economic freedom index aswell. Policy matters along with work ethic. I dont discount that. The chinese didnt start progressing till the abandoned communist policies. They used state industries and mixed it with FDI investments.

Lol you say it's phantom when you western countries tormenting you practice it. The current protectionists polices have failed to bring high growth or reduce unemployment. Im sure it's because the government hadn't doubled down.

Global shipping lanes being protected means ships are safe. The oil blocks are given by your country. As you said improvished state agencies dont work.

vaxx2:
America has the best most enviable economy. yet it import. more than export despite trump protectionism trade policy.

Lol even Nigeria has exports more than it imports. It's hardly brought up.

0monnak0da:
Your point has been discredited it is not true . Military spending does not correlate with might.
My point was a simple one the US uses its military might to further its economic interest. You did not address that. Rather you went off at a tangent talking about military spending
Did Japan become number two economy by military might. Did China overtake Japan by military might.
No they used the advantage of their size and their disciplined people

I do not know why the US want to build a wall ,I only know the purported reasons that they publish and claim. Nigeria has not stopped goods and services either there is a crisis and that would soon be resolved. There is no apples and oranges.
The US and Mexico have Customs and technology checks we do not. I understand that there is a proposal that everything crossing the border for trade should be containerized which is good.
There is nothing different between what we are doing and what the US is doing in international law. The tactics and technology may differ but they are the same
Actually the US breaches WTO rules and WTO rules are NOT Free trade rules according to your definition.
Perhaps you cannot get your head around how the use of sanctions can be used as a tactic to improve the chances of US businessmen especially when the greatest competition is coming from the sanctioned parties.

Like I said the US tactics may not be as blunt as border closures but they are ultimately protectionist and pervade virtually every industry
How do we explain the pressure on the UK not to adopt Huawei technology?

Guy, Wake up, do not sleep

A study of the locations of French and American military assets across Africa should tell you that competitiveness is a consequence of military might and alliance as well as not having powerful enemies

You didnt discredit anything. The spending and economy are roughly similar. The millitary spending fact came into picture when you disputed point.

The US economic competitiveness in Africa isn't a result of military dominance. It's African trade dominance is more about aid and assistance programs plus friendly relations pre and post cold war. Yes the USA uses navy to police global shipping lanes but that helps everyone in general.

China got big by liberalization economy and allowing investment. India and Russia wont catch up to japan anytime soon because they wont implement necessary policies.

There is a difference between open and closed land borders vs wall. Sanctions and tarriffs are similar tools. WTO does facilitate free trade and gives agreed upon rules their are acceptions as stated on website. USMCA, EU and other similar organizations also count.

Sanctions dont benefit US interest all the time. Cheaper energy prices help out our trading partners and ourselves in case of Iran. USA only went back on deal to help Israel. China is military rival of the US. It doesn't make sense to allow them to technology that csn have backdoor.

0monnak0da:
What exactly is your point?
I mentioned the role of military in enforcing economic interests and you asserted that military might is determined by economic power essentially.
I have brought in examples to discredit your warped assertion. That is done and dusted
Instead of accepting that you are wrong your are rambling?
Individually Germany,UK France and Italy are wealthier than Russia. Without US backup all of them combined would struggle in a conflict against Russia. Saudi Arabia with all its spending cannot defend itself. If you want to debate that then create a thread
Here we are discussing the role of border closure in enforcing our interests? In America they are talking of building a wall so what is the big deal.
Everyone is engaged in protectionism so stop this delusion that protectionism is something vulgar or obscene.
Protectionism is an excellent tool in the hands of those who know how to use it
The conflict between The US and the EU , or with China is all about that.
The US took the EU to tribunal recently which tells us everyone cheats on WTO rules and there is little the WTO can do.ultimately it comes down to what power the aggrieved party has.
The US has the power to tell countries do not trade with Iran or else...

A study of the locations of French and American military assets across Africa should tell you that competitiveness is a consequence of military might and alliance as well as not having powerful enemies

My point is dont be a weird. You can't bring up the subject the get your knickers in twist when I respond to point. You said their economic competitiveness is based on military. I said its the opposite. China overtook US and France.

You create the thread since you keep bringing it up. Lol you really can't help yourself. Lol I showed u the chart showing how economic might and spending roughly correlate. Its just like how you tried to deny inflation rate in 70s. The millitary of world were also had strong economies backing them. There's no debating that.

USA created the wall to stop illegal immigration not to stop trade. Goods and services still move back and forth. You doing apples and oranges comparison.

The USA follows wto rules. Sanctions are predicated on treaties and economic might. The USA cant go war with all those nations.

urahara:
The dude you are arguing with seems like a nutjob.If he has his way he would turn Nigeria to North Korea.

If these guys feel so strongly about IMF and foreign powers they should reject foreign aid and loans. That's the real dependency people should worry about. Who everypays the piper calls the tune. Trade and investment is a good thing.

0monnak0da:
Hahaha.
You cannot help talking off point.
This thread is not about military and you take the time to highlight military spend. How much data does that consume. That is not long winded.

If you want to discuss the relationship between economics and might start a thread the fact is not a direct function of military spending. There are so many other factors involved
We cannot talk of trade being more or less "free" without defining what "free" means otherwise each time you cough up a new assertion you just shift the goal post. I honestly do not know what you mean by free before you can say it is freer than it has ever been.
There certainly is MORE trade than there has ever been. I would argue that it is LESS free than it has ever been
By free do you mean the existence of the WTO, or are you talking about its effectiveness or the degree of compliance of members?
I can see you have swallowed a lot of western dogma without really thinking things through.
Does Africa benefit from trading with stronger countries Is the trade free?
We hear multimillion even billion dollar fines against multinationals in the US sometimes even for things they did in Nigeria like with Halliburton e.g
How much did we fine Pfizer for poisoning our people in Kano
How much have we dared fine any multinational for polluting our environment or for the numerous corrupt practices . Who paid a dime for the Halliburton scandal
The truth is that we dare not. Governments have been overthrown for less.
What is happening in Venezuela today is the other side of FREE TRADE
Now the American oil companies are cleaning up in Iraq and Libya
They can do the same to us very easily considering the level of discontent.
What are they doing in Niger Republic.??

You brought up military topic points first. Did you not want me to respond to it? Take your own advice about starting new thread. Lol the funniest part is you're still talking off topic subject's yourself. I guess you cant help yourself.

Africa benefits from trade with stronger nations. Nigeria has options to trade more with poor neighbors but intra African trade still below 10 percent.

Free trade is the moving goods and services with little no restrictions or trade barriers. I think the existence of WTO good in general. It does help facilitate trade amongst nations. I'll just have disagree with trae being less free than its ever been.

You already said impovished governments dont enforce rules. If that's case accept your lumps until you're ready to regulate.

0monnak0da:
Make your comments more intelligible

Military might and economic might do not follow any set pattern in history that allow for the kind of assertion you are making. We have seen countless permutations
Russia is far from the number 2 economy.
The richest countries in the Middle East are not the strongest. In fact they are clients of the US whom they pay and have always paid to defend them.
Israel one of the strongest is far from the richest in the region. In 1973 when Israel defeated the Arabs its economy was nothing to shout about
Spare us the opinionated assertions and stick to "RICE" and the Free Trade.
I do not think you have a vision in your mind when you talk of Free Trade if you are talking of WTO. This is the barest minimum of an internationally agreed level of Tariffs. In reality countries trade anywhere in a wide spectrum between WTO tariff regimes or zero tariff regimes such as exist in the EU. Even if trade is "Free" it must be measured with systems in place for inspection,verification and revenue collection.
Once you have a world order in which different nations or groupings of nations offer one another preferential terms then the market is distorted and there is nothing free about the whole system just like if some traders can buy dollars at CBN rate and other have to go to the black market. In such a regime there is no free trade

The EU Custom Union.
The Custom Union implies that participants have input,oversight and confidence in the professionalism and integrity of the Customs arrangement in partner countries. Many Nigerians in the UK like to bleach and import creams that are banned from Cameroon to the UK .If they find another EU country is easier for bringing in these creams they would import to that country because once in that country they are in the EU.
In the case of the Rice situation a lot of the duty collected in Benin on rice would have been remitted to a partner country if it was the EU. We do not have such agreements in ECOWAS

Nigerian Customs should be allowed an office in the port at Benin. If the Rice imported was destined for Nigeria then it must be clear and transparent and the duty should acrue to Nigeria while Benin charges for use of the ports.


I have seen British officials at the Eurotunnel check in in Belgium and France. There is that level of cooperation between EU countries
We do not have such confidence in the ECOWAS region and we should . Our borders are just too long to leave unmanned and going forward we need to move our soldiers out of the towns to the border areas to bloc

Lol I guess you just can't help being long winded oh well. If there's parts of my comment you font understand just highlight it.

You don't know the top militaries also have strong economies that support them. Its takes money to fund you military and R&. Russia spend 3rd most on military. There's other factors to military strength definitely but like geography, Experience and man power but economic might is big factor. That's why Saudis cant buy a good military and struggle tobest Yemen.

Your points doesn't negate the fact trade is free today than in the past. Its like saying you don't free market because its not completely laissez-faire. You measure thing on scale not on religious absolutes.

0monnak0da:
When did the world move toward Free trade?
That is a delusion.
Who defines Free Trade and makes the rules?
We are talking about agriculture yes and a simple Google search will reveal the billions of dollars used by the EU, USA and China to subsidize their farmers. So we could argue agriculture has "No hope of success" as you put it in those countries without subsidies
"Free trade" is a good slogan when you are winning when you are not the story changes as we see now with the US and China.
In 1898 China lost Hong Kong to the UK because they refused to let their people buy and smoke British opium.
The British turned up in China with their gunboats and China was forced to cede Hong Kong for 99 years. In a similar vein the Europeans decided to colonize Africa because we did not allow Free Trade.That same formula works today just like it did 100 years ago
.As Fela said "my brother make you no follow book look am and go your way"
Free Trade is not a virtue it is a slogan used by rich nations to further their interests

Please be honest and stop misrepresenting me
The Naira was very stable in the 70s and we never had double digit inflation. I never said 70s were "rosey".
Fact is in the 70s we did not need IMF money and IMF never imposed conditions on us
because we did not owe them. The IMF as a lender is a lender to those who have bad credit worthiness.
I suggest you read Steigliz's book on inequality.
There are very few if any countries that have done well following IMF policies.
The issue is not liberalization of economy but of the financial sector
America's military is powered by more than its economic might. According to your logic how come Russia is the number two military when it is not even in the top 7 economies. Why is Saudi not a great military.
The reality is the US won the World War 2 and since then the dollar became the World reserve currency.
Nigerians going to China had to buy dollars when their business had nothing to do with US. India buying Nigerian oil had to buy dollars.
This has meant for decades that capital is domiciled in US banks and the US effectively enjoys arbitrage on most of the trading going on in the world.
Now countries are waking up to that.
The US using its military and economic might engineers a world trade order that is in its best interest. That is normal behaviour. What is strange is when folk like you are deluded into believing that the World Trade is Free Trade.

If you really believe all the rhetoric about Free Trade then you are still a learner.
There is nothing like Free trade . What you have is a World order dominated by America and the EU and other countries who obey can participate. If you do not obey they destroy your economy .
This we have seen in Iran, Venezuela, Sudan Zimbabwe etc
There is always a reason for excluding some sectors from free trade e.g security and this is reinforced by Western notions and philosophy on so called intellectual property.


Free trade indeed and virtually all the major internet businesses are American. All commodities are priced in US dollars
When Huawei appears set for phenomenal growth the US government steps in and tries to kill it
There is no free trade in military secrets/equipment and other technologies that allow some countries to dominate others
Even in food many farmers in the EU and US are not competitive if they opened their markets
America can wake up one day and say if you trade with Iran we sanction you?

As far as agriculture is concerned . There is nothing like free trade. Countries have and cite food production as more than economics but a matter of national security

Make your comments more concise.

You're asking when did the world move towards more free trade when you're alive to see ECOWAS, WTO, and EU? We already agreed it's not an absolute. Compare the world to 50 years ago.

The USA trying to renegotiate trade deals with China. China engages in intellectual property theft and breaks WTO rules. These are some of reason for disputes.

Military might is powererd by economic might. That's always been a fact all through history. Russia remains one of the top militaries because they spend alot compared to neighbors. They retained some streghth from their Soviet union days. The also have have a few geographic advantages that make them powerful.

It's weird how 3rd world nations always want a system that doesn't work. Most of the countries mentioned already had bad domestic policy that limited economy. The other issue is sanctions but sanctions don't kill economy's.

I already gave you consumer inflation chart from world bank/imf source. If you disagree present one from Nigeria.

BeachTime:
that's why I suggested the option of either 1 or 2 kids , makes more sense than 1 child policy . I think Nigeria can only develop on the right path through discipline. At this point Nigeria requires an unbiased and visionary dictator to turn things around .

Ok you answered question you didn't look up effects it had on China. China ended up jave millioms more males than females. A one or two child policy will lead to demographic problems in future. If you want to copy any countries example go with Singapore.

I dont get why you guys like dictatorships so much. Do you want these visionary dictators force abortion on population they disagree?

0monnak0da:
I don't know where you got the notion that this thread is about being "competitive" or what the definition of competitive is.
Domestic agencies do not work in impoverished nations
I am not saying it is right or wrong. I don't see it as a question of right or wrong it is acting in one's best interest. That is what nations doing whilst spouting rhetoric about competitiveness.
To pretend that international trade is about competitiveness and fairness is foolish in the extreme.
A study of the locations of French and American military assets across Africa should tell you that competitiveness is a consequence of military might and alliance as well as not having powerful enemies
You say Nigeria has to get inflation under control which tells me you really do not understand what is going on. It will be impossible to control inflation without any local manufacturing. Why is Nigeria's inflation such a problem these days? It wasn't in the 70s.


Nigeria has relative to population negligible manufacturing capacity and high unemployment which means we have to import what we consume . When the exchange rate is accelerating then there would always be "imported" inflation . A good example of that would be seen in imported petrol and the cost change when the Naira was devalued from 2015/
Imported inflation is out of our control
[b]The other thing is Western nations used the IMF force Nigeria to liberalise the financial sector "so that capital could flow in".
The down side was they had to commit to allowing it to flow both ways which meant billions of dollars could flee the country in days as we saw in 2015. Most of the capital from the West is portfolio Money not money bringing in plants and machines.[b] This sort of money is brought by Western businesses borrowing from their Central Banks at 0% and then bringing it to Nigeria to buy Treasury bills and other instruments in Nigeria at 13% .
As long as that regime is in place inflation can NEVER go away. In fact you can say that they are exporting inflation to us and importing jobs from us .
International trade favours the strong.
Having a big market does cut it if a nation is focussed. China has proven that

I get the notion about it being competitive because mechanization in agriculture is factor in that. There topic here applies to any agricultural product. It doesn't mean Nigeria has comparative advantage in everything but it does help. It about competitiveness do you subsidize industries that have no hope of success? There's a reason the world moved more towards free trade than protectionism.

America's military is powered by its economic might.

Inflation has always been an issue. The 70s weren't rosey like you want me to believe. I already addressed manufacturing. The naira is artificially high anyway. (Inflation chart below)

You seem bitter about IMF asking you liberalize economy to grow. It's weird for you demand FDI then get mad when foreigners when recoup their capital. You know it after 2014 when FDI shrunk. You'll just have to settle portfolio investments until foreigners want invest. If Ghana can get Toyota to build assembly plant its not impossible for Nigeria.

There's plenty of small nations that do well. A strong robust economy is matter of policies. China didn't get to where it at without foreigners investing in the free trade zones in the 70's.

0monnak0da:
Everything in life has pros and cons, nothing is perfect.

Are there any of our trading partners that are not protectionist? When the US does "America First!¬ and sanctions nations left and right what do we call that? I could go on and on about America and G7 nations. Many people read a lot of theory without paying attention to what is really going on.
Protectionism takes other more aggressive but subtle forms such as subsidizing your farmers and thereby making your produce the most "competitive" and at the same time forcing poor countries to high interest rate regimes e,g in the EU they are talking negative interest rates whilst in Nigeria we have rates over 20%
How can Nigerian farmers ever compete without protectionism. The idea is that foreign companies should set up production in Nigeria. The country is too big to not have significant manufacturing capacity? This should create jobs to enable people buy what they produce
Without using crude techniques like border closure strong nations are able to domicile significant production in their countries while coming to Africa to cut down trees by the hundred and load them unprocessed unto containers for repatriation without permitting any value addition and thus exporting jobs without any plan for environmental replenishment and sustainability.

Sinple answer yes.

This who thread is about making farmers competitive. It can apply to any agricultural product. If you don't address production cost in Nigeria when it comed to power and tax rates and incentives you shouldn't expect manufacturing base to blossom. Being a large market alone doesn't cut it.

• You know export tariffs work if you want certain raw goods to be processed. (Wood example)

• Domestic agencies are supposed to regulate environment.

• Just because America does sanction doesn't mean its right. Trump also signed trade deal with Japan and USMCA to replace. NAFTA which hasn't been ratified by congress.

• the Eurozone going into negitive interests rate makes your debt more valuable. Nigeria has to get its inflation rate under control.

• Nigeria already has tariffs on certain goods that come in.

0monnak0da:
You use the word protectionism as if it is an obscenity.

What is wrong with it?

It causes goods to be expensive, can negatively effects other sectors of the economy and makes certain sectors uncompetitive. It's not an absolute good or evil. You just have to be careful about applying these policies.

Negative examples:
• Import ban on beef makes beef expensive for consumers.
• Domestic beef industry uncompetitive compared to foreign counterparts.
• Protectionism for cement industry makes home building more expensive in Nigeria.

vaxx2:
mechanization toward cocoa production is the way forward, paying adequate wages base on what cocoa beans reflected per market force is also another important duty of the goverment to ensure commitment and stability of the buisness. Ghana has a seven years quest to increase cocoa beans production to 1.5 million tonnes per annum from its present 900, 000 tonnes. adding 400 dollars per tonnes to each farmer cocoa beans is a good motivation. while encouraging chocolate consumption by making the enviroment friendly for such business is one. Ghana is pumping 600 million dollar into cocoa production. 5 million dollar from it so go into school feeding. Ghana student must consume chocolate drink, 7.5. million from it is going for cocoa tourism ( sensitization of people on the health benefit of cocoa and promotion of the local consumption while 2.5 million dollar will also be allocated as campaign to enter Asia maket. this is captured in the cocoaboard memo. the goverment have already approved the 600 million dollar. we hope the policy works in the right direction.

The funniest thing about Nigeria is they are not talking about Education, they are talking about employment and neither is anyone talking about technology, no one is even talking about oads, no one is talking about power. Nigerians are just shouting rice production, is that the only development Nigeria are clamouring for?If the commitment given to rice production can be given to education, unemployment, power. i surely belive Nigeria will change.

I understand you like protectionism for your cocoa farmers. You can't steadly increase the supply of cocoa beans then become surprised when price dips down. Ghana been going into debt to subsidize cocoa industry. The same attention is given to the processing which you know.

Entering the asia market and advertising chocolate consumption domestically is cool. The US dairy industry probably loves the got milk campaign and fact milk always served in school.

Due to the extra free input provided by the government, sometimes supported by NGOs and multinational corporations, farmers have not become poorer in Ghana. But the approach has led to huge debt for COCOBOD. For example, COCOBOD incurred GHc2 billion (US$367 million) debt for subsidising the price of cocoa for the year 2017.

Source

Thus COCOBOD needs an international markets price of at least US$2,400 per to to break even. Even though the ongoing migration towards commercialization of service and input costs, the tightening of internal running costs, and firming up of international market prices are combining to reduce the resultant annual deficit, it is still projected at about GHc1 billion for 2019.

Source

Nigerians talk about all those things. It's just not the hot topic this second on nairaland. The UBEC and fact Nigerian government subsidies school lunches is shows that. The FG should be worrying about its universities. The states and local governments are ones that should be doing bulk of work.