₦airaland Forum

rvp20182:
What was rice prize before Buhari local production.. last year we were talking 10K - then it went 20k..now we are talking 42K

What Asian rice is 5k naira?

rvp20182:
Simple - open the rice market - Benin smugglers will sell at that - after importing it.

You nigerians are true bonobos.

Ever heard of somoene who has blockaded their imports - and is exporting the same thing.

What kind of logic is that

What Asian rice is 5k naira? Answer, don't run away from my question.

rvp20182:
Why would someone buy expensive Nigeria rice? Why? When Asia rice is going for less almost 5K Naira? Are you guys abnormal.

What Asian rice is going for 5k naira? How many kg?

obaaderemi:
We should start thinking of exporting rice to the hungry nation of Kenya. Our rice production keeps going up every year. Some pained monkey will still come here and say it's fake.

If Lagos rice mill comes up and serves Lagos at least (the highest population), then we await Dangote rice mill and an even bigger one in Katsina I think by a Katsina business man, then it's shikena. Price would definitely become at most 25k everywhere.

Another one again, rice galore .

The 160-ton a day rice mill completed by Nigerian business woman, Fatimah Binta Bello in Kano . FBB will also be expanding production as demand for rice increases. Rice paddy is in high demand by mills these days , which in turn will create additional income for farmers

Nigeria to begin export of rice

The Rice Farmers Association of Nigeria (RIFAN) and the Tiamin Rice Company have signed a Memorandum of Understanding (MoU) for the processing and sale of rice domestically and abroad.

This information was disclosed on Wednesday in Abuja by Mr Aliyu Ibrahim, the company’s deputy managing director.

Aliyu said the initiative was aimed at the cultivation of quality rice paddy by RIFAN while Tiamin processes and packages with state-of-the-art milling technology for sale locally and internationally, particularly to Egypt.

He said the MoU would be operational for two years. It was signed at the company’s 600-metric tonnes per hour capacity mill in Bauchi State. 

“RIFAN and Tiamin share a common agenda in the area of rice farming and milling. This is to ensure a sustainable supply chain management of rice under a partnership that seeks to produce, mill and package processed rice of the highest quality for export and local trading.”“With a combined capacity of 920 tonnes per hour from its two mills in Kano and Bauchi states, Tiamin Rice is one of the largest producers of rice in Nigeria,” Aliyu said.

Making rice available: According to Aliyu, the company also has a 10,000-hectare rice farm in Udubo, Bauchi State. He said large-scale wet and dry season farming takes place on the farm with state-of-the-art agricultural machinery.

rvp20182:
The zoo is weaning herself from oil by force.

"Nigeria is now ranked as Africa's fourth-largest oil producer behind Libya, Angola, and Algeria", according to Oxford Economics Africa, citing IEA data, as Nigeria output estimated at 1m barrels in October

These are big falls in oil production in both Angola and Nigeria over the last decade and a worrying trend. Sets a big challenge for governments that have to start taxing their people rather than use tax revenues from commodities. The temptation is naturally to borrow instead

This is temporary, Nigeria should be top place again this month. Back to number one position.
Bookmark this post and remind me again first week of December.

Mkenya2019:
The important thing is that TIME. The big cost remember is borne by Africans buying shitty locally produced things very expensively.

If you mean rice, local Nigerian rice is no longer as shitty as it used to be (at least to an extent) because there's a growing competition and rice mills are springing up everywhere.
Nigerian rice was supposed to be expensive or close to 20k naira in 2014, but imports were subsidised for some stuff because those were the days of high oil production as well as high oil prices. Hence Government could make food cheap. Also I don't think rice is that cheap anywhere in the world.
How much is 50kg bag of rice in Kenya?

Mkenya2019:
My problem is that Nigeria protectionism is a repeat of the failed import substitution policies that Africa did in 60s/70s/80s. The only difference as far as I can see now is that private sector or Dangotes are one getting protected - previously it was SOEs.

Nearly all developed Countries began from US to Asia protected their infant industries but they had a very strict timelines; rice farmers need to know that it's favour consumers are doing them buying expensive local rice that maybe of poor quality; and they have to work hard to produce high quality cheap rice.

What I dont understand for example is why cement became more expensive locally and there is no end of sight when Dangote should compete with cheap imports?

Kenya has had the same issues - there is always cry to protect local farmers or industries - from competition - but I am glad now Ruto is very clear - you either compete or die.

To compete regionally, continentally and globally - means working on your productivity & competitiveness - and it can be done. Any protection should be time bound - and then gov has to be strong enough to allow competition.

Your policy looks good on paper but it is unrealistic for African countries generally because of our low productivity. First we need to restrict competition and look inwards for a time like USA and China did, after that we say to the world: Let's play the game boys.
Don't get me wrong, imports are not bad but we should first be productive to an extent. Nigeria, Egypt, South Africa imports a lot.

Mkenya2019:
Then allow competition because the loser is million of Nigeria consumers; and winner if any are few farmers;

You are confused about something here. You don't allow competition when you haven't even started the game properly.

Buhari only closed the border after a few years of supporting rice farming in Nigeria because the populace would not magically begin to buy Nigerian rice due to the fact we weren't
top of our game then as well as a mental slavery of many of our people (false disdain of anything local).

Also, and most problematic, we have too many traders who love the importation business so much. We also have Benin republic whose economy at the the time depended so much on this Nigerian huge appetite for rice as well as imports from Thailand.

When rice farming began to grow locally, Benin Republic was a big problem to us, and the borders had to be closed at that time to regulate the import of rice (not completely ban imports). Now many more rice mills have risen in Nigeria since that time and there are many projects which began but were slowed down due to COVID-19. If we are importing 90% of our rice like we used to do before and there was no policy regulation to help investors and local farmers, those investors may not have been motivated enough to build today.

If we didn't kill the habit that made us over-rely on Thailand for rice in 2014, by now we would be licking our wounds because Thailand and India ( world biggest exporters) may restrict rice exports next year making it much more expensive.

Not everything must go according to the textbooks.

Mkenya2019:
Why do you think Nigeria farmers cannot compete with Asian and other farmers in farming of all things?

Who says they can't compete?

Mkenya2019:
The only thing he has done is to make rice unaffordable to many
When it was being imported/smuggled - it was 12,000 naira - if I can recall
Now it's 42,000 naira or I heard.

You cannot grow local economy by Dangote type of closing the borders.banning imports - and making Nigeria SUFFER.

That is rigging the economy for a FEW so million can suffer - Nigeria poverty has gone through the roof.

Grow the economy by increasing the productivity and competitiveness of Nigeria.

Ask yourselves why Asians are producing rice cheaply - DO NOT BLOCK ASIA imports.

Invest in what they do - 5 times fertilize application, better husbandry, GMOS and such.

Buhari has been a disaster for everyone except Dangotes.

Closing the borders and banning imports in order to grow rice farming is one of the best policies of Buhari. Another one is banning the use of cryptocurrency in Banks. Temporal ban of twitter (for more than 7 months) may have been a crazy one though.
We Africans need a little dose of Buharism sometimes.

obaaderemi:
How did Buhari destroy Nigeria? Some of his policies failed and some are commendable. He did a lot of work on infrastructure, train, roads, ports, etc. His strides in agriculture will be felt for long. Nigeria's GDP didn't falter under him. Revenue went up under him.

He got it wrong completely with insurgency but a lesser country would have been completely overrun by now. He made horrible mistakes with the foreign exchange stuff as well. But overall he has his merits, as well as demerits. Just like any other African leaders.

On certificates, Sakanjawhatever also has his issues. No one is sure if he had his certificates or not. So?

Buhari actually has a certificate that could be said to be equivalent to a masters degree today. Most people just follow the crowd and hearsay, they don't know what they are talking about.

While answering “A Request for Graduation Information for Muhammadu Buhari”, Kerr replied: “Nigerian Colonel Muhammadu Buhari is a graduate of the US Army War College Class of 1980 and earned a US Army War College diploma. Note: The Army War College first awarded Master’s Degree to the class of 2000”.
Kerr also sent a copy of the statement to the Public Affairs Office, 122, Forbes Avenue, Carlisle, PA 17013-5234.

https://freedomonline.com.ng/u-s-war-college-buhari-got-our-diploma-in-1980/

Mkenya2019:
Yardua was old and sickly.
Jonathan use to raise the profile of Nigeria just like Obasanjo.
Buhari is just a fulani cow in Aso Rock
Nigeria should have a president that can project it's ambition to be African giant.
Jonathan did that despite being more of an acting president.

Buhari has totally destroyed Nigeria international profile. Thank goodness Obasanjo is still alive. Nobody would even remember Nigeria exist in Africa as sleepy Buhari cannot address goats...heck they ate his primary certificate when he attempted

You don't even know what you're talking about

popizaino:
Yea the irony........i remembered one of them specifically told me on the other thread that i was poor for complaining about how expensive Ghana was only for Hollywood actor to share in my frustration.

Over twice the cost in U.S?? Is this true or this guy is just capping? cos no matter how expensive Ghana is, that doesn't look likely.

This is the Nigeria without electricity.

Nigerian Robot Firm in Abuja.

Uniccon Group engineers working on Omeife, a 6-foot humanoid built in Abuja, Nigeria's capital city. Image source: Uniccon Group

Omeife, a 6-foot humanoid built as a female Igbo character that understands and speaks eight different languages,

https://techcabal.com/2022/11/04/inside-omeife-africas-first-humanoid/

rvp2018:
The best way to know which country manufacture (truly) - leave what your lying NBS stats body does - is to check 1) taxation and 2) very easily who import finished manufactured goods. That is best way to counter-check. Large manufacturing meaning VAT and such kind of taxes would baloon. This why countries try to become manufacturing giant - because it easy to tax goods, employees etc,

Granted - let us look at who import and export FINISHED Manufactured goods. This you cannot just lie in - because another country has to confirm.

It would be similar to we export 600M dollars worth of aircraft and ships to Namibia

Import is not the problem. Even South Africa and Egypt imports more than Nigeria.
These three countries import the most but produce the most as well.
No African country is a giant yet in terms of manufacture of finished goods (South Africa
doing the most here) and Kenya is definitely not close.

Wuoche:
Yet Nigeria remain the poorest nation in Africa.

Nigerian poverty rate is said to be 40%. Kenyan poverty rate is around 35%.

obaaderemi:
Thanks, mate. I've always suspected this. Even Ghana with a smaller population is ahead of Kenya here in dollar terms!
I live in Nigeria and I Know how much manufactured goods made in Nigeria I see on the shelves of major shops. It's not heavy manufacturing in the real sense but there's almost a Nigerian version of all the foreign goods here. They're small factories everywhere. How a Kenyan could compare Kenyan manufacturing to Nigeria's is beyond me. It's madness.

Nasco alone will be a major company in Kenya.

The thing is Nigeria have small businesses scattered around. I did my service in Anambra, I don't think I saw too many companies but virtually almost everyone there has a small/ medium business, they are either trading or doing small scale manufacturing. Some of these people are counted as unemployed as though they are idle when they are just underemployed.
There are just over 90 million smes in Africa and Nigeria has over 45 million of them.

There are 90 million SMEs (Small and Medium Scale Enterprises) in Africa, forty five (45) of those are in Nigeria. If Nigeria could have 50% of SMEs in Africa even though our population is just 18% and GDP is 18% of the whole of Africa’s GDP, it does tell you that entrepreneurship is a comparative advantage for Nigeria''.

https://www.africanews.com/2021/02/04/africa-s-manufacturing-sector-in-2021-business-africa/

rvp20182:
Mindless ranting.Which bank did Kenya gov acquire and why would it even do that.If a bank in Kenya get into problem, central bank closes it, protect stakeholder money and is promptly sold to other banks.There are many such small banks in Kenya..and more getting license.Kenya and Ghana debt crisis did not start with COVID.It was already a problem.Kenya started to dial down and got into imf program as soon as it was available.Ghana delayed, continued to borrow and is now crushing. Debt market are not interested in long stories about dust..they want money in gov coffers.Kenya economy generates 21 billion annually in revenue.Its 115 billion dollars economy as of last year... likely to hit 120 billion this year.Ghana you're dead if imf doesn't come in quick. Kenya will always confound primitive extractive economies like Ghana and Nigeria wondering how we have build all these stuff with tea and coffee...no we use our brains.. human capital..the western world don't have any gold or diamond or oil...they invest in their human capital ..you take refuge in natural resources and crushes every three years

If SouthKoreans say they use their brains and don't depend on natural resources, the claim is verified from the amount of manufacturing companies they have and what they produce. It can also be verified from the value of their biggest exports.
We check, and your biggest production and exports are Tea/Flowers. What is the value of your manufactured goods compared to Ghana and Tanzania for instance?

rvp20182:
Tiles is something Uganda type countries celebrate..not Kenya.Dont lie to yourself Kenya is industrial giant in sub Sahara with most of our manufacturing companies operating regionally..only south Africa and Egypt are bigger..plus say Morocco.

Yet your manufacturing output is 7.9 Billion dollars.

[quote author=sulaak post=118394670][/quote]

He has done more damage to Nigeria, irreparable damage.

I don't think so.

Debt is a problem if your national income is shrinking to $30 billion as the national budget for a country of 210 million people is a disgrace. Bloated government agencies, nepotism and corruption are the root cause. Why has the government failed to recoup the $64 billion that the IOC owes the country? Why isn't the MDA remitting funds to the treasury? Why isn't NLNG remitting funds to the government?

Yeah if we block the loopholes and improve gas infrastructures, do more tax reforms, we would get more revenues. Buhari has been improving our non oil tax revenues, ease of doing business, etc. The corruption in NNPC should definitely be checked.

Nigeria is an oil-rich and gas-rich country in 2015, the country was exporting 1.8 million barrels/day in 2013, it was 2.5 b/d the target was 3 million b/d, yet Buhari, the minister of petroleum has reduced the export to 700k b/d. Why aren't the refineries working its now 7.5 years?

Nigeria is an oil rich country but in 2015, 27 states were bankrupt and had to be bailed out. Current production is 1 million bpd.

onuman:
Even a FOOL in the USA would not accept such amount of money from another person and bank the money without asking or knowing the source of the money.

Tinubu knew that the money were proceeds from drug trafficking.

If you are a finance firm accepting savings for investments, would you ask for the source of wealth of all your clients?

Shaytun:
which enemy?

Non-state actor or state actor?

The five major reason for banditry and kidnapping in nigeria are:

Poverty
Proliferation of Arms in the Sahel
Instability in chad, Niger and Burkina Faso
Climate change
Inadequacy of our security agency
Religion

What of the possibility of foreign financing?

rvp20182:
You peak power is 3000MW but you out-manufacture South Africa 40,000MW - some of the nonsense you Nigerian believe. You import almost everything save for agro-processing or a semblance of it.

You are the one who says Dangote cement and other locally manufactured cement are expensive at 4000 naira. Why do you think they are 4000 naira? Part of the reason is because majority of these firms produce their own power.

onuman:
Even a secondary school student of today can easily understand that the letter purportedly sent from the US embassy in Nigeria was forged.

But in 2003, Tinubu was in the opposition. PDP was in power and wanted to nail him in order to get Lagos. Why would PDP then forge the document or allow Tinubu succeed in doing that under their watch?
Don't forget, PDP themselves decided to pursue the matter and were in charge of it.

Shaytun:
Why not?

They need to tell us how they are going to solve it, what’s their solution.

We need to know which candidate favour a community policing or state policing or keeping more power to federal.

How do you intend to solve banditry? Will you form a regional task force to deal with the bandit coming from burkina faso?

What’s your plan for the border?Are you going to construct a border wall like trump? Or reorganize a task force to be stationed at the Zamfara border?

What’s your plan for the police? They need to tell us these things

I think their manifestos explains all of these already. For banditry coming from outside as well as the border control, you have to be more careful because you may not fully know your enemies who are outside.

Shaytun:
Tinubu does have a track record on infrastructural delivery.

But what I’m most concerned about now is security, and none of the presidential aspirant have given or provided any real solution.

They are all just being vague about it, and that’s why I hate our journalist and newsmen, this are the question they are suppose to be asking, they are suppose to be discussing each candidate manifestos.

Instead they are going about involving themselves in political witch hunting and publishing irrelevant stories.

But what I’m most concerned about now is security, and none of the presidential aspirant have given or provided any real solution.

I don't think you'll expect them to reveal their detailed plans on security. Just an overview is appropriate.

TheGoodJoe:
By the way, you can't open series of accounts for drug dealers, setup a corporation for them and claim innocent. It can fly when telling people but come on, when it came to forfeiting the money, Tinubu had no cover.

That forfeiture is proof that he was involved in moving drug money. Not involved in the direct sales but he accepted by not making a claim that he moved Drug money.

That makes him ineligible to run for president.

If you are are a financial consulting company, you may not always know the line of business of your clients. Isn't that a possibility?

TheGoodJoe:

It is already explained in the documentary that the cases cost a lot of money and the government loses tax money financially but following these cases. Imagine spending millions on drug cases to rescue a few millions.

That was why the forfeiture deal worked in BAT's favor.

Forfeiture deal that allows him pay only 25%??

TheGoodJoe:

If there was a plea deal on the table for Hushpuppi to forfeit $20 million and walk away, he would gladly jump at it.

Why would America be willing to go with such a plea deal in the first place?