₦airaland Forum

N160m divided by N30k is some 5000.
5,000 minimum wages to buy cars to govern the people. That's clearly wastage.

Lol. Go where?

Celebrate but when they hit Hama's you guys start inciting the whole flat-earth inhabitants to war.

In a case like this, it may make sense to bulk buy assets for the participants. For example keke napep or tractors. Why take your N500,000 and be looking for extra 500k to buy keke whennyoy can buy together from India and get it cheaper at around 500k each?

Stupid article. Even though wike is a wicked person, Satan means adversary. When he was in PDP, APC was his adversary and now he is in APC, PDP is his Satan. Use of english.

Waoh!
Using rumour of dollar inflow to scare sellers and BCDs.

mikeapollo:
The power generated by Dangote would be for his companies, not for the national grid.
Let's stop making excuses for the failure of a federal government that collects virtually all revenue accruable to the nation but is unable to deliver anything meaningful.

Mr man. Open your eyes and comprehend things before replying.

grandstar:
You want the country to go back to its vomit.

The reason why countries export is to have money to pay for its imports.

Imports aren't killing the country. It is the country's inability to export.

Ability to make things is engineering. The problem here is not engineering but economics.

First, when you ban this or ban that, it is not as much as you're encouraging local production. What you're really doing is disrupting the very efficient supply chain that that makes companies competitive and thrive.

For instance, you mention milk. You want Nestle to source milk locally. Are you for real?
If Nestle needs 10,000mt of milk locally, which Nigerian company can supply it? None. It will take decades and billions of dollars for the country to reach the level it would take to meet such demand.

You want to tax imported petrol or refined product? The local refiners will gouge Nigerians like Dangote and Bua have done. That is what protectionism does. Nigerians got a very raw deal from the cement ban that just made 2 men billionaires. An import duty of 5% on refined oil is enough. More importantly, their primary market should be overseas and not local. The nation needs to export refined oil.

There are a million and one products to produce. To do best, countries should focus on where they have comparative advantage. That is what makes countries wealthy and not when you have to even manufacture toothpicks. That is why countries that open up their markets to foreign imports do best. It compels them to focus on areas they have comparative advantage. Also, imports fuel economic growth.

For instance, in the EU, there's zero percent import duty amongst members. Due to this, Germany can not wake up one morning and ban the importation of clothing from France with complaints it is affecting local producers. Germany manufacturers are forced to produce products it has comparative advantage in.

One would say Germany has opened up its $4.4 trillion economy to the EU, what does it gain in return? It gains unfettered access to the $18.25 trillion EU.

That is why the British economy is suffering today. Adjustment to Brexit has been painful. It does not have free access to the EU market again. Many companies started manufacturing in the UK to gain access to the EU economy. Now that it is gone, many want to leave and none want to come in. Also, EU companies exporting to the UK are facing difficulties.

You and the person you replied to said many things that are valid but not practical or the best.

Taking the aspect about comparative advantage for example. In Nigeria, we have one of the best cocoa in the world and we all know cocoa only thrives in areas around the earth's equator, so our position on the earth's surface cements our status as a cocoa giant. What have we been able to make of cocoa? If I must answer that, very little yet we have comparative advantage in its production.

I saw one programme on NTA some years back and a top cocoa producer was invited in that episode. I think Tuesday Insight or something like that was the programme. In that episode, he shared insight into some of the challenges they faced in making the most of cocoa. One that stuck with me was the issue of extortion from task forces as cocoa was moving from Ondo through Ogun to Lagos for export. He then specifically claimed one has to go through about 19 task forces who come with various demands.
Now with such an extortionists system in place, how do we ever fulfil our cocoa potential?
Mind you, this person isn't trying to process the cocoa into final consumer products o. That will probably involve more steps like machinery imports, technical employees, power supply, imports of other complementary raw materials.

Now chocolate industry is worth around $100billion globally from research and if we control 22% of the choicest raw material of chocolate, it means we have potential to corner 22% of the global market. But what do we have? The normal Nigerian story of not knowing what to do with valuable raw materials other than desperate exportation that is beleaguered with corruption, extortion and leakages.

Comparative advantage to us, is just a textbook idea that our internal problems(corruption) will never let us really enjoy. Until we match learning with character and attitude, we are just rationalizing textbook concepts as solutions to issues. The Europeans had functional societies that allows production take place first before extortion comes(mafia system), ours is the reverse.

MXrep:
While igbos see political offices as "come and work" Yorubas see it as "come and chop".

If the Igbo's were a tenth as upright as you portray here, the whole of igbo land will be Eldorado paradise by now. Same too for all tribes championed by ethnic bigots like yourself.

OkpaNsukkaisBae:
So says buhari strongest supporter

....with a traditional title from Katsina to go with it.

Arrangee death. Who never live with una na I'm go believe this useless news.

AuschwitzPrefec:
It's over.


Focus on Biafra or wait till 2027.

What is Biafra?

Gained N10.00 to N1310.00

Sun5ie:
What are there benefits?
Waste of time, waste of money to create a Polo , waste of energy ,nothing else. In the next two weeks now who know them nobody🤷💁

BMC recruits. Been battling prospect of job loss and are excited.

Good riddance. One curse affecting us is abuse of purpose. Polytechnics have their own purpose which is different from universities but envy, jealousy and covetousness is ravaging people that they can't think straight anymore. Upgrade ko, update ni.

HND and bachelor’s degrees are not the same though they have similarities. Both are valuable. Claims of superiority or inferiority are also misplaced. Trade certificates, professional craftsmanship qualifications and polytechnic education originated to drive industrialisation by combining practical and technical training with academic grounding to provide skilled technicians for factories, mechanised farms, and offices, and social services infrastructure.

BMC agenda

Blame past admin for imminent poor performance.
Wait for Dangote to refine then take credit via propaganda.
Loot loot loot.
Blame hoarders for forex debacle.
Keep Obi Atiku on defensive always.

According to Jesus, demons of only offer wickedness. It is wicked wickeder wickedest.

Demonic party. Their performance was far worse than that of the party they took over from, but they destroyed the electoral process just to remain in power and do what exactly?
To also rule Nigeria in the name of political career.

Dangote will soon generate more power for his industries than our grid can take at once.

Heffalump:
I see the naira appreciating to N1,500 for a dollar in the next one week.

despreciate abi appreciate?

Fifty steps back and one forward.

Xscape1993:
Nigeria is a corrupt and fraudulent country is my lesson. We are too full of tribal, religion and political sentiments. Nigeria is not a serious country. Majority of Nigerians just love sufferings. Nigeria, China, India and UAE were called developing countries some years ago, but look at the development gaps between Nigeria and these countries. What a big pity on some Nigerians that are blinded with agberoism, toutism, certificate forgerism and baronism and fraudulentism!

so true. We have been developing for decades yet we are still not developed.
Propaganda is not development walahi.

Fewer services and longer messages.
Less crowding issues.

Internally by tax or by borrowing or by printing?

Lol. Gajaban rewards loyalty. Look at keyamo and co. As long as those ijebu & Lagosians helped him remain relevant between '07 and '23 he is rewarding and trusting his Lagos team.

Gentino:
Have you forgotten that Nigeria is a hypocritical nation? Those whose region is putting Nigeria into this present mess are not complaining even though it's affecting them also. Nigeria is just a case of "my evil is better than your evil".

Sectionalism and tribalism have finished Nigeria irredeemably.

I remember how they cried for GEJ to make way. A worse situation didn't provoke a tenth ofghat reaction in 2019 or 2023 polls. It is a case of monkey im no fine but im mama like am.

Tinubu is like past leaders. He is playing politics with sensitive issues but doest put all the blame on him. Relocation for OP is still a gamble. If only the country was secure enough, I would have suggested you change business into where over 60% of Nigerians spend their money, food, but the jungle is on full throttle and if you escape kidnappers, herdsmen, touts, robbers, pest, high way robbers, flooding, the police can still hold you to ransom and extort you. What a country!

The day importers start bringing in dried/fried meat from abroad is the day Fulani herders declare all out war on us.

God bless you. They named me an Emefiele apololgist after I tried pointing out that Naira strength has little to do with CBN governor, now they all gone silent.

spacechuks:
What of the North East Development Commission, where are they getting their funding from?

Oil money or tax payers money

NEDC is a fraud perpetrated by Fulani elites. It should neither be ND oil nor Nigerian tax even if they must get their NEDC.

taylor88:
I want to challenge all the Yorubas to stumble into the Hausa pages on social media and tackle them boldly for openly criticizing Tinubu



Yorubas y’all can do this to wipe out this shame and narratives of Yorubas are scared of Hausas



Prove the world wrong by not leaving Arewa to attack IPOB and obi



For once face Arewa one on one



Your time starts now

Social Media politician. I hail o.