Stop this argument supporting importation of tooth pick. It makes u sound like an illiterate in basic economics.
take a look at this https://www.youtube.com/watch?v=o_nPzMt0KW4 That alone is costing me roughly 18 to 20 million to set up in PH cos bamboo is almost free there.Now tell howlong would it take me to brake even selling at N200 a pack?? As you can see, Im not just talking Im actually putting my money where my mouth is.So from a Business point of view cant you see how this is dificult?if I invest my N20M in importing , I get to make more money
SATOH: Take your lazy a$s to youtube and type "how to make toothpick". Nowadays nobody want to make research on their own.
DOnt get rude, I have already spent more than N15 million of my money building a toothpick production line, lazzy YOUTHS like you who can not wipe thier backside will come here and type rubbish, you dont even have a clue look here this is your so called you-tube, there are SEVEN MACHINES HERE in this factory,DONT YOU NOW LOOK EXTREMELY STUPID
This is the wood toothpick machine Automated (cost 39 Million to install last year)
AntiWailer: import and export argument is a no brainer that needs no stressing.
When you compare UK importing tooth pick to Nigeria, i actually wonder.
Apart from crude oil, can you point our major source of Forex ? but u want to compare with UK that export.
The top exports of the United Kingdom are Cars, Gold, Crude Petroleum, Refined Petroleum and Packaged Medicaments etc. in tens of billions of dollars.
wrong, you got it all wrong, the major export of the UK are 1. Financial Services 2 Arms. 3 Medicine. they Import Oil, cos fracking is now expensive, we actually import more Europe cars .cars are not exported as much as %5, WHERE YOU MAKE THING IS LESS IMPORTANT THAN WHERE YOU CONSUME THINGS, cos thats where you make the money.
AntiWailer: Nope. Ironically, thinking out of the box should mean alternative to IMPORT.
There should be embargo on some importation.
If there was no policy to stop importation of cement back then, cement will be one of the things we spend dollar on.
It as initially expensive but how much is a bag of Cement now ?
Dangote is even in other African countries already with the same cement from here.
You cnt open your border for every nonsense to be imported and not hope to have dollar shortage some day.
it is not science it is actually common sense if one understand the basics.
For argument sake,
if we make 200 billion dollars from selling oil every month and we need 250 billion dollars to import everything including something as ridiculous as tooth pick, you dnt have to be a professor to know the impact of the dollar deficit in the economy.
Plz answer your own question, HOWMUCH IS BAG OF CEMENT NOW JUST SO YOU KNOW.%80 of fruet and verg get imported into the UK.tootpick is imported too. the ones made in teh Uk are more expenssive than teh ones imported
SATOH: Mr Man, stop misleading people. Check youtube and see for yourself how toothpick is made. It's a very simple process. I don't know the 5 machines you are talking about. Just looking for some bloody excuse.
Plz send me the link, Im waiting before i tell you waht I really think of you, go on then GO ON
AntiWailer: So importing tooth pick is good for the economy ?
Don't worry. import everything and expect miracle.
Source another millions of dollar FX to bring in tooth pick. When Naira becomes 1thousand to a dollar, you will wake up.
Min of 500k is chicken change if all the money The likes of Fayose and co stole is invested in that space. we are talking about less pressure on the dollar, more jobs etc.
well Im steering you to think out of the box, the reasons the FG is giving us a cause of shortage for forex ad mare hoax if you invest N10M just to produce tooth pick, how many years do you think you will brake even? and you will end up selling one pack for N5k who will buy it? dont this tell you we should allow market forces to dictate for us instead of applying science where there is no science?
woodcook: What foreign investors fear most is not being able to repatriate profits as at when do and this is the biggest undoing of the present administration.
yep and thats waht is happening in Nigeria, forex scarce
Bevista: Unfortunately, this does not tell the whole story. I would like to know the Import and Export component of such trade. If trade has gone down because Nigerians are IMPORTING less from China now and beginning to look inwards for self-sufficiency, then I think it is a positive rather than negative. --- If the Chinese wants more trade, let them send money this way.
Nah it might also mean we have found more cheaper and less stressful countries to do biz with, ie Turkey,Malaysia and India
Is it that we have stopped importing tooth pick and other useless things ?
There was never a trade balance so if the trade decline that much, it might be good for the economy.
I am going to take you up on tooth pick,Im fed up with the likes of you accusing people of importing tooth pick, do you know howmuch it cost to produce one can of toothpick? do you know the investment needed? do you know you need up to 5 machines to produce one strand of tootch pick? each of these machine will cost you minn N500K? do you think this is funny
Truth234: The trade relations between Nigeria and China declined in 2016 to a record low, according to the Chinese Ambassador to Nigeria, Zhou Pingjian.
According to the Ambassador, Nigeria-China trade relations was $15 billion in 2015, but has since dropped to $3.1 billion in 2016. Pushing Nigeria down to fourth position from the second largest Africa-China trade partner.
Pingjian, who visited the House of Representatives Committee on Nigeria-China Relations said “Nigeria-China trade is declining fast. Nigeria used to be China’s number two trade partner in Africa, but it’s now number four.”
He however expressed confidence that the situation can be improved upon with focus and implementation of policy agreements reached by the two countries and commended Nigeria for supporting the ‘One China Policy’. “We need to follow up on the outcomes of the Forum of China-Africa Cooperation summit and President Muhammad Buhari’s state visit to China in April last year”, he said.
The ambassador disclosed that one of the fall-outs of the president’s visit was the construction of the Agricultural Training Centre in Bwari, Abuja by CGCOC to assist Nigeria’s diversification efforts.
Pingjian said with over $139 billion Foreign Direct Investment, China is interested and ready to expand investment in Nigeria and urged the government to create enabling environment for investors to come in.
“As Chinese ambassador to Nigeria, I wish a small part of the $139 billion could come to Nigeria”, he said, adding that as an ambassador he was willing to facilitate it.
Pingjian reiterated China’s commitment to Nigeria’s economic revival and as well as readiness to support the nation’s economic diversification efforts.
Similarly, CGCOC Group Managing Director, Ye Shuijin who called for improved security in the country, noted that Chinese firms in Nigeria were ready to make greater contribution to the socio-economic development of the country.
Shuijin, who also doubled as Chairman of the China Chamber of Commerce in Nigeria expressed the need for the establishment of a Strategic Master Plan by Nigeria and China to fast track industrialisation of the country.
“We have more than 20 industrial zones in Nigeria, we have funds abroad that can be brought into Nigeria for investment but it has to be strategically done”, he said.
The MD disclosed that in 2008 CGCOC ventured into mechanised farming in Wara, Kebbi State and today the company is one of the leading producers of rice accounting for about 50 per cent of rice production in Nigeria.
SIlly, why wont it decline, when you guys make it vertually impossible for Nigerians to go and trade in Chima without spending arm and leg.Make it easy in such a way that once I have my cash I can get my Biz Visa to go and do my Biz and come back,why do I need an invite from a coy in china to get your Biz viz from Nigeria
AngelicBeing: Hajj mufutau, dont worry, we know your money is clean , erico2k2 is holding your file, Egunmogaji & FastShipping, after investigation we will close the case and let the 3 of you go, but meanwhile, let erico2k2 finish his un-cover investigations, we are tired of hearing kobo-kobo build and yet we see 100 Million Dollars mansions displayed on here. Lol
AngelicBeing: Hian, l have forwarded your name & Egunmogaji to EFCC to investigate both of you because you keep saying kobo-kobo business and you and Egunmogaji are building mansions in Nigeria discreetly,it has been established that you and Egunmogaji have spent over 100 Million Dollars in your mansions in Nigeria, EFCC promised to give me 10% for telling them about the 2 of you, meanwhile @lastpage, l will start following your footsteps by coloring my write-ups/ post
I have recieved teh Intel from EFCC, we are just waiting for a whistle blower
emmanuelpopson: I have the pictures taken while plying the road during my NYSC sometime last year..the road is a death trap..the agbor- abavo section is an eye sore as we had to navigate in muddy waters as if you are in a swamp..only God saves you from high way robbers if you pass the road by night..this Has been long overdue.. pls fix this road ASAP..
I wont pass that rd even if i was paid, that road is too lonely
Robbin7: Please NL my dad just disowned my elder brother because he came back home after 6:30pm on the day of his matric. This is the 5th of my siblings that my dad is sending away. I'm confused, I hate to think this trend may continue please friends advise me on what to do. Legal and candid advices please.
DO nothing, tell ur bro to chill and take life serious and prove ur Dad wrong.
chukzyfcbb: forget what you read on the news. someone I know ran to the bank to source for dollars few weeks ago...pta purpose actually for her to travel abroad. the bank kept playing her telling her no dollars at the moment, she kept going at it for a while until she got frustrated and bought from the black market. This news is just for formality sake, there is no forex anywhere for individuals either pta or whatever except you and the bank manager are in good terms
Now.that's the gospel truth.only those who don't have any biz with forex think this is some sort of good news .
- better than buying from black market - submit all your documents, marriage certificate, passport, yellow card, admission letters, WAEC/GCE/NECO others, scratch cards & pin etc - fund your account - get tally sorry telex number and
samfibby: Oil price responsible for the degradation of the Naira is a fallacy and a hoax mixed together. Kenya doesn't export crude oil but its currency is way stable than ours. Destruction of economic fundamental that is supposed to drive our economy has been totally eroded out of ignorance and gross incompetence in the last two to three years. Our economic problem is basic but we/govt of the day haa turn a blind eye to it and instead rely on flip flop economic policies. For a country that has its potentials immersed in the deep waters of globalization, those who have been saddled with responsibility of managing this economy have no clue to reversing our fortunes and would rather engage in blame game rather than get down to do the job. It should baffle any Nigerian how we drove away massive FDI which is largely contributed by foreign investors only to approach the same investors via finacial monetary bodies for loans. The truth is that our policy makers have no clue on how to end the continuous free fall of the nation's currency.
Exactly, you nailed it, .The sooner we let teh FG know the blame game is up the better.Oil this Oil that. FG should try sell crude publicly in nigeria and see how we refine. there are shte loads of policies to impliment to fastgrow NG.
mindtricks: #IStandwithBuhari mega rallies being held as against #IStandwithNigeria proves you wrong bro. Those dissenting voices are still yelling Sai Baba rather than Sai Good Governance!
Dont just stay here and type, try it in a petrol station nationwide, when you are buying petrol scream sia BABA, and come tell me the result, take a pic of your eyes as well as proof
ooshinibos: remember its the ideology of radical Islam that needs to be wiped out ...killing the militants is solving half the issue , there loads of other militants ready to fill their gaps
The Ideology can only be wiped out by costodians of the faith . Now who are they?? Are they not the Imams and Co ?
winj3: Common sense Advocate without commonsense, 20% of Nigeria's budgets used up by him and his friends at NASS. start Common sense @charity begins at home or NASS!
If he tries that EFCC will B on his case a non existent hotel in Dubai would be linked to his name b4 U know it he has been removed both PDP and APC will unite to fight him .
ayobamiakinrind: Dollar scarcity isn't caused by negative policies that shrunk the economy, drove FDIs away, right? Only crude oil led to dollar scarcity? You're very wrong, no matter how resourceful a nation is, without proper management, this is what you end up with. Companies are relocating to Ghana and you're here seeing only crude oil as if that's all there is.
Thank God someone else is seeing what I am seeing . Everyone I speak to seems to be buying this oil price shift craap as reason for high forex scarcity .
segzie2012: If we dont start to think outside the box then USD,Pounds & EURO will continue to go Up...
we should get alternatives for all these imported product, that is when we will all make the other currencies idle and useless....
say no to Hollandia milk - get Fura milk(fresh) Say no to imported designers - use Nigerian Ankara to make Shirts, jerseys. Say no to Stallion rice - get kebbi rice
This is the idealogy being sold to us as Nigerians . All those things you listed there are done in the west so that's not our problems. Corruption is number one then proper thinking is 2 then good policies is3
But they are still strongly supporting Buhari and they are still shouting Sai Baba
Abeg, who knows the native doctor who prepared that juju for Buhari ??
This is why i gave up on Nigerians, we don't care about hunger or the condition of the economy because the President is from our region or tribe
The Northern part of Nigeria has produced 5 Nigerian Presidents but they are still the poorest and the most underdeveloped tribe in the world, they would rather die of hunger than see the presidency leave their tribe
I disagree with you ine this **no one shouts Sia Baba no more
Business › Re: Nigeria-china Trade Declines By 79% In 2016 by erico2k2(m): 12:09pm On Feb 19, 2017
