₦airaland Forum

Fiscus105:
With higher prices, what has my nation done with the money? Does it beneficial to masses or political elites?

Let it crash to $20 or below. If there is no more money in the nation's pocket, maybe politicians too would learn how to tighten their belts, it's not only masses that should tighten their belts.

ebexofficial:
Let the price of fuel crash too in reflection

nairalanda1:
We need more than just dangote refinery now, honestly

arsenal33:
bring back subsidy?

nairalanda1:
Oil prices fall, so does the petrol price

But the low oil price means....DEFICIT LOADING.

APC...and Tinubu, congrats on not diversifying the economy. You will know the vagaries of the low oil price.

Dutch disease.

Saao:
Good, he's showing Nigeria government how to do business. Adjust prices when u need to.

koning:
Dividends of fuel subsidy removal.

They should use it to bring down the price of foodstuffs and encourage Dangote to sell fuel for N500 or less a liter.

allthingsgood:
Smh
Try to understand economics sir
Trade surplus is not is not money in the bank

Estello:
https://x.com/DOlusegun/status/1909954260889985447?t=VZIMpLKh_N9fzEMZbUiHWA&s=19[/quote]Can this illiterates compare that peanuts to the loans they loans they borrowed in 2024

TossTos:
Traoré is stopping foreigners from coming to their country to extract their resources while ours is celebrating their coming and still want more of them ..

Catapault:
What debt?

Foreign investors = debt in your head?

Dude....

kennyz247:
A welcome idea

Rapture4real:
That's good

dederocs:
It's all about demand and supply, balance of payments, don't be an educated slowpoke...I said so we can pay for their products in naira, and they pay us in their local currency for what they buy from us. The point is, if we pay them with naira, we don't have to go buy dollars and pay, the buying and demanding of dollars by Nigerian importers and Nigerian government to pay off payments, and coupled with trading and hoarding of dollars by greedy Nigerians is why naira keep falling against the dollar, and as our economy expands and transaction expand this gap will continue, because we are demanding way too much dollars to make payment, let us cut out the dollar as much as we can and pay in naira, this is the crux of my submission.

WeirdAlien:
No sense!
The day African leaders wake up and realise the reason the continent is poor is because we export raw materials instead of finished products (which we now buy back), all these western countries will start begging us for money to survive.
Our leaders would rather find "foreign investors" to come and buy our natural resources for cheap price for 100 years!
And some accursed individuals will still come here and praise them for bringing FDI.

Advancedman:
The government should call other Nigerians with means and give them two of these business while Dangote stock to one, instead of suppressing others for one man.

dederocs:
Yes local production also helps in boosting nation's currency, and in the interim producers like Dangote must sell at an affordable price to the people, government must work with industrialists who monopolise an industry (due to scale and capacity), through tax concessions or other infrastructural support, so cost of production will be lower for the industrialists, to sell cheaper to Nigerians.

The governing political class should know that the wealth of the nation is to benefit the people, democracy is by the people, for the people and of the people, the people must eat and enjoy national revenue, inflows and wealth through either subsidies, public/private partnerships, welfare packages such as housing, affordable transportation etc, the public wealth and revenue is not for politicians, it is to be enjoyed by all of the citizens as is obtainable overseas.

If the people have no disposal income it will be hard for the economy to grow... restaurants will be empty, bars will be empty, shops will be empty, hotels will be empty, people will only be concerned about eating, this will shrink employment rate, small businesses won't grow or open, taxes and economic buoyancy will also shrink, government must ensure fuel, electricity, cement, transportation and housing are affordable, this is the only way to boost investment, savings and growth.

We hear Nigeria is making more money yet people are hungry are groaning in the land, this is a great evil.

We must increase the value of naira, this is the sure way to get us out of this mess, by encouraging home industries and entering trade agreements with countries, to pay with local currency for goods and services exchanged.

oluxy:
You guys should keep deceiving yourself with dangote ways of giving hope to Nigerian by buying this sympathy and support with fancy and sweet words.

Cement has since been in Nigeria, what is the price now?

Before the commencement of his mighty petro chemical factory, he said full will go as low as 400-500, the price still 980-1200.

Now he wants to achieve another one, they are here with cheap and sweet words to cajole people again, I'm not in for anyone for now.

Suuuru:
Reduce the price of your present product now.

Kingbuhari:
1 bag of 50kg dangote cement in Nigeria 10,000 naira

1 bag 50kg of cement in Dubai
10 AED about 4300 naira



Nigeria dangote is our problem

Pacesetter123:
Before minimum wage,how much was a bag of cement?

Bwanasaraw:
The reporter was very crafty about it.

We already know from childhood that US imports bonny light crude oil from Nigeria.

Groundnut pyramid in the North is gone, Palm oil and Cassava in the South is not even enough for local consumption.

DaddyCoool:
That's what it amounts to. US market is virtually open while countries like Nigeria and China slap tariffs on imports

Brushstrokes20:
Odoriferous baboon😂😂🤣🤣😁
SIP SOME SNIPER AND END YOUR DOOMED, MISERABLE LIFE 😜

Brushstrokes20:
Bring it on... Useless baaaastarrrd of a thousand fathers 😜😜😎

Newsmills:
He should produce whatever for the north,somebody is tired of this dang(erous)ote and mass impoverishment of the county council called naijeriyah.

Pacesetter123:
Self-sufficient kiiii you dia!
With cement price of 12k a bag that you are exploiting the poor masses?

mankan2k7:
How much is your cement?

xpressionx:
Nice,but as usual,your price will not make the products affordable.

Let nobody allow you have monopoly anywhere so the prices can be competitive

Vision101:
Not poor. It's because of the devaluation. The capital base has been eroded. That's why they are recapitalising.

Basicend:
One of the major issue is the devaluation of the naira.

Their worths were reduced by almost 300%.

Brushstrokes20:
Cursed cretin😜
Rest in PIECES 👌