₦airaland Forum

Brendaniel:
Peter Obi will sanitize the Police

SLAP44:
Those who killed Gulak know his whole itinerary. They are his close political friends who see him as a threat to their ambitions in the North.

Police liking everything to IPOB is a desperate measure to sound like they know anything, ask them to investigate the slaughter of over 25,000 northerners in the North, and they will go deaf and dumb.

Nigeria's current government is a laughable caricature of what a government should be.

Zikojukwu:
This should be addressed to INEC and the destructive cabals in Aso Rock who maybe afraid of power change. It's obvious Nigerians have settled for Obi but the evil cabal who hold the country ransom will be fought to a standstill to free the caged country and make Nigeria progress.
Obi is a Nigeria's project, not Igbos alone.

CaptainAyub:
Many national assembly members will quickly defeat to Labour Party immediately Peter Obi wins

syntekelite:
Hmm and how do you preserve it for a year?? Wont it get spoilt??

bayplus:
Your claim is partly true. The 3.58usd dollar you used is faulty.

There are so many layers involved in the business.

Before 2020, ginger was selling for as high as 50k per bag of 40kg. Many ginger farmers made good money

After Covid, the international price of most agricultural commodities crashed.

And since then it has been going up and down. Samething for sesame seeds, Hibiscus flower etc.

The prices usually react to law of demand and supply. From your presentation, it started as higher as N34,000 because many (including politicians) created artificial demands. Just to hoard their ill gotten money against the change of old currency.

When the politicians were done buying. The real buyer cannot afford the 34000 threshold anymore, when there are no buyers, the prices will naturally come down regardless of emotions.

Hibiscus flower and Sesame seeds too have gone down by 40%.

The international market this year is very cold to agro commodities all over the world. Not peculiar to nigeria.

Back to your analysis of the so called huge profit.

Most often, the quality we buy from you is not the quality required outside the country.

Sometimes you will need to buy 30tons from Kaduna and after proper cleaning, the real ginger will be 22tons.

8tons will comprises of mouldy, insect infested, or tiny parts. Sometimes pure wastes like stones, sticks, chicken or goat faeces and many other foreign matters delibaretely included to increase the weight will all account for the 8tons.

Now, we all know how much is diesel per litre. Usually you will move the goods to your warehouse mostly outside kaduna because of insecurity (depending on where your warehouse is located) the least i know is about N450,000 to N550,000 if it is kano or neighbouring states.

A truckload of ginger from any northern part be it Kaduna or Kano to the seaport starts from N1,000,000 and above.

Getting your goods to through the seaport is a different story. 4months after the farmers have collected their money, the exporters are still figuring out how to ship the ginger out. You pay many unofficial bribes running into millions.
Then you will pay the custom agents and port charges and most important thousands of dollars as freight to the shipping line.

The farmers sell to local dealers, who also sell to major dealers who now sells to the exporters, the exporters do the re-cleaning for the ginger to meet export standard befor he can sell to foreign buyers, unlike before the foreign buyers no longer trust nigerians, they insist they will pay only when the cargo arrive their country and the quality is satisfactory. Now 7months after buying, the exporter has not gotten back his investment much less profit. If per chance, there is any problem with the quality, he may lose everything because the buyer may decline payment and ask that the cargo be returned to the origin.

Now the foreign buyer sells to local but wholesale buyers in foreign country who then sell to the retail buyer or supermarket who sells at $3.58usd.

If you checked the different stages of the of differnt buyers adding their margins and several costs involved. You will realise the margin is not as huge as the writer wants us to believe. I can understand he is ignorance of the true sitiation.

Sometimes exporters lose serious money. Many i know have burnt their fingers in the business because of several challenges associated with doing business in nigeria including attacks by bandits.

Every business have their lows and highs. Those who cannot bear the heat are advised to leave the kitchen. No buyers who have genuine orders will deliberately refused to buy.

If the writer remove the emotion, he/she will realise it is purely business issue.

Right now, some of us bought the Ginger at 34000 and the price has crashed to 19000 now meanwhile somw foreign buyers too have direct contact with the farmers. Some indians and chinese are all over the markets buying at 19000/40kg. Those cargoes we bought earlier at 34000 are still in our warehouse, we have over 100tons of that, we have lost money already because we will compete with those who have bought at 15000 and are still buying now at 19000. How then can we make profit? Such is the risky nature of agro commodities.

I did this to enlighten others who may be in the writers shoes.

I come in piece

samuelkid192:
Do both, you can do masters and use your free time to learn programming, learning programming wount cost u anything, videos and materials full everywhere bro...
Do both ASAP

peepydelano:
This shameless man called Obi will just be forcefully fixing himself where he’s not invited. E go shock am with the tiny votes he go get come 2023. Igbos are not destined to rule, they have no business with power, it’s the reason God gifted them with the knowledge of business and that should be enough for them. Igbos should stay away from anything Power, they are not good with it.

GuyWise101:
Nna mehnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

Obi is the next president, quote me anywhere

Obasanjo and Adebanjo seriously wants to see an Igbo president in their lifetime

NigerianAngelo:
The guy should join LP. If you have access to him, tell him. This is Igbo time.

indigenous234:
I have seen very stupid people but none like you.... The whole country is queueing behind a Peter Obi for not just a better Nigeria which is POssible but to institute a shift from the money politics we have now in Nigeria and also to truly give the power to the people. An Obi presidency is a win for Nigeria and Nigerians. How you have missed that is simply a reflection of your person.

One thing I have come to know for sure, those that try to make Obi look like Atiku and Tinubu are all trying to give themselves a path to their BATism and confirmation.

A New and Better Nigeria is POssible

Antyislam:
If not that some people are foolish, how can you campaign for Tinubu as a president after Buhari , that will be total distruction of the country, the country will just colaps. Tinubu must be rejected by all means