₦airaland Forum

fortune1968:
leave am.wailers get sense ?

Zombie, you get brain?

-Lord

fortune1968:
wailer ,how does this justify jona ineptitude.? pmb should have known everything in a day ? truly u be EKPA !

Fool! Was PMB sworn in yesterday? It has been 7 months already. Ewu!

-Lord

themilanway:
NL is seriously messed up with kids these days,I thought I was having a decent convo with a sound and mature mind.

Kindly get off my mention.

Thanks

I am not at your level. You have comprehension problems so it is clear discussing with you is like pouring water into a basket. Purely worthless.

Nonsense!

-Lord

1freshdude:
You and your likes should shove your lame 8explanations up your arse! GEJ antecedents shows that he is an unintelligent, low life, incompetent and corrupt bastard! How do you even begin to tell people that a man who siphoned money meant for Arms procurement is innocent of this ordinary rice scam? even when it is obvious that the beneficiaries of this bazaar are his political accolades? People should learn to shut their trap when they have nothing meaningful to say. You guys are shameless and unintelligent!
Businessmen take advantage of government policies in every clime but this was no taking advantage of the situation, this was outright fraud! And they always succeed in Nigeria because people that are supposed to be leading us purposely refuse to do there due diligence, and use their friends to divert communal resource,yet rats like you come up here to defend them. Look at the coys on the write up, all of them where affiliated to the past thief's.

Dasukigate should remove all doubts on what GEJ and his many thieves did!

Your foolishness knows no bound. If you say Dasukigate should remove all doubts, then the lie propagated by PMB that he doesn't know what subsidy means while campaigning only to pay subsidy after becoming president should mean that he is a dishonest dullard who reason with his an.us.

You on the other hand are worthless. Look at the thrash you called a reply. You can't even comprehend an article. Otondo!

-Lord

themilanway:
Your brain obviously needs some formating.

"Intent was wrong"but"write up was okay"Aren't you contradicting yourself dullapo?

Don't blame me for using terms you can't understand. Blame your father for not sending you to a good school.

Lying Liar!

-Lord

kevade:
I totally agree actors like the attorney general of the federation, Kate in a state governor, etc.
The write up has shown how our common wealth is being channelled to a thieving few while sabotaging legitimate long term plans that would guarantee the nations rice production development.
They bragged with pseudo achievements in this sector and every other sector of our economy. Politicising every sound policy it comes up with. Throwing figures of their spending without proper procedures, how in Heavens sake will it work.
My friend stop the sentiments and dwell on the issues. These guys have continued to drag us backwards for every supposed lrap.
The last administration was a sham.

If that is all you got from the article, then you are a lost cause. In fact, educating you is a sin, because it will have no impact on you.

Zombie!

-Lord

themilanway:
So Premium times is now an APC paper?Where were you and your goons when they reported Boko haram killed over 100 soldiers?
I guess the writers intent wasn't"wrong"then.Talk of double standard.

Show me where I said categorically that Premium Times is an APC paper in my reply? Na Sango go specially create the thunder wen go fire you.

I said "the intent was wrong". And I also said the "writeup was okay". The controversy may have been injected to spark interest rather than for political reasons. Next time, comprehend before replying.

-Lord

Una no dey tire sef?

-Lord

omohayek:
Guess what? I do think it's also a terrible tool which is almost always misused by politicians to reward their followers and relatives with public funds. Isn't awarding inflated contracts one of the most common forms of corruption in Nigerian politics?



And who gets to set those terms? Do you think successful countries are built on politicians awarding contracts on favorable terms to their cronies and kinsmen? Because that's what you have today in Nigeria.



You must be joking. Nigeria doesn't even register as a blip on the radar screen in terms of manufacturing of anything whatsoever, let alone cars. The key car manufacturers in the world are the USA, Germany, Japan and South Korea, and they didn't get to where they are by Nigerian-style tariff manipulation.



Every country also has corruption, robbery, rape and murder, but that doesn't mean these are good things. Most try to reduce the incidence of such things, but in Nigeria we cheer greedy politicians as they attempt to cheat us by interfering in markets, just because they say their policies are on our behalf.




Why, because you don't understand it? Tell that to Hong Kong, which has had such a thing for most of its history. Tell it to the World Trade Organization, which has negotiated several rounds of treaties towards this same "unreasonable" goal.



And instead of trying to fight it, we should therefore surrender to it? Why fight robbery and rape either? After all, they will always be with us.



No, the question is that politicians are allowed to award quotas and subsidies to friends at all: this is precisely what is called "corruption" in civilized countries. The difference between Nigeria and better run countries is that instead of just shrugging their shoulders and saying "that's life", citizens of less corrupt countries get outraged and either go out on the streets to protest, or introduce recall initiatives to throw the crooks out of office. We need to stop making excuses for our thieving political class, even if they come from the same tribe or party as we do.

Finally, no offense, but it's clear that you don't have any idea of how free trade works, or why protectionism is such an awful idea. As a corrective, I suggest you read Frederic Bastiat's "Candlemakers Petition."

http://fee.org/freeman/the-candlemakers-petition/

No politician will ever be able to outdo the wisdom of the market in deciding how to allocate resources - let alone Nigeria's political class of thieves and senile ex-soldiers, hardly any of whom have ever run any business under conditions of fair competition in their entire lives.

The US government awards contracts. That is the world's largest government. Every economy in the EU awards contracts. And you think it is a terrible tool? Are you nuts?

Are you saying, you do not know about the local auto assemblies in Nigeria?

The WTO has never issued any directive towards a uniform tariff for all goods. All goods are not priced the same, they do not have the same supply and demand dynamics and are not influenced by the same factors.

Study the romance between the Department of Defense in the US and Lockheed Martin. Do you know it is legal in Nigeria, the US, and elsewhere for businesses to lobby members of the parliament to do their bidding? How do you suppose the masses overturn that?

Free trade may work in certain scenarios, but it is not a perfect solution. Don't put the cart before the horse. Work on accountability, then we can talk about ending nepotism. For as long as businesses and wealthy businessmen keep sponsoring politicians, the politicians will keep pushing things the way of the businesses. Asking for any different is asking for utopia.

First things first. Address accountability. Let the nation be on its feet. Then we can target nepotism. The West did not become this high and mighty in one day. They followed a natural growth process. We too must not delude ourselves to think that we can jump the gun.

-Lord

2016AD:
I did not vote because I registered when I was a student, i have changed location.

Please do not commit any crime. We are in a draconian regime. The security forces have zero respect for rule of law.

Anyways, to your question. Try to find any business around you like agribusiness that is into exportation and see if you can secure employment in the industry. Business is booming for them.

-Lord

Jokay07:
if the money that were looted in 6 years reign of Gej administration were properly used, things would have been far better for you and I

As much as I want to argue this with you. I will allow you to say whatever you feel like.

The point is, PMB should do something about the economy soon, or APC should start looking for another presidential flag-bearer come 2019. The blames on GEJ should stop. 6 months of honeymoon done reach una. Get down to work.

-Lord

2016AD:
I am not really a politician or an economist, and I have been legit, 4 years without a job. But everybody has a break point.

I am neither APC or PDP, and I know the country is in a mess, but my livelihood is threatened at the moment.

With no job in sight, I ventured into mini importation, now what happens from January 1st? Aliexpress escrow services will be useless to us in Nigeria, how can I buy goods with western union when it can be a scam? The escrow service was really helping us. Cash transactions were threats.

How about the cashless policy?

Anyways, my people, I don't know what to do now, because the little things I buy and sell, if I can't do such transactions again, this will be the death of my little business. People say graduates should create jobs, NEPA frustrated my first business, CBN is frustrating this one now.

It is saddening because I am 30 this year, with nothing to show for it... I think I'm at the point where I will be willing to do anything.

Someone should please beg CBN for us. I am just a man who no one listens to.

Help.

Who did you vote for?

vedaxcool:

Try harder. Attack the message, not the messenger.

I have a thick skin, you dimwit.

-Lord

omohayek:
It is a terrible policy, as it attempts to give politicians the power to choose winners and losers, distorting market signals while providing opportunities for theft. Taken to its logical conclusion, policies that try to favor domestic producers over foreign ones lead to autarky, which is not working so well for the North Koreans last I heard.

A better policy (irrespective of administration) is to have a low and uniform tariff across all goods and services, without giving politicians any discretionary power whatsoever over who gets to sell what at which price, or any scope to provide subsidies of any sort.

This is like awarding contracts, unless you believe awarding contracts is a terrible policy too. The government has its terms, if the prospective contractor meets the terms, he or she gets the contracts.

You fail to see that a similar policy was enforced in the local auto industry and it has been working fine (pending any untoward revelations). In the auto industry, the import duty of used cars was increased to 70% and the import duty of imported new cars also got a raise. However, the importation of knocked parts was reduced to encourage car manufacturers to set-up assembly plants here.

Now we have Nissan, Hyundai and a host of others including Peugeot (that has been around) making giant strides. At the moment, tens of manufacturers including Toyota and Mercedes and registered interest in entering the Nigerian auto market.

Every nation enforces policies to discourage foreign imports for goods that can be produced in the country. Rice can be produced in Nigeria, but we are not self-sufficient now. There may be other policies that could be used to achieve the end-point of reduced rice import and increased domestic production, I am no economist, but do not suggest that the policy by the GEJ administration is even remotely terrible.

Your suggestion also has a loop hole. You cannot have a uniform tariff across all goods. It defies reason. Politicians will always have discretionary power, there is no way to avoid that. After all, it is the business men that fund the campaigns of the politicians, so the politicians have to return the favor when they get to power.

What Nigeria needs is accountability. The question is not that politicians awarded the quota to their businessmen friends, the problem is that they did so with total disregard of the rules they themselves had set. That is the fraud and a major accountability problem. If you make rules, then follow them.

-Lord

cramjones:
What sort of fooolish name is Lord? How ridiculous!

-CramJones

When someone of your caliber ignores the message to attack the messenger, I do not expect the man you voted to do any better.

-Lord

omohayek:
No, the problem is that import substitution schemes are not good policy, even if they look good to laymen without economic literacy. Putting aside the fact that even a corruption-free scheme would still hurt consumers more than it would benefit rice growers, any time politicians are given an opportunity to tamper with trade, they are also provided with a new means to enrich themselves through corrupt practices. Under a free-trade regime, there would be no room for subsidies, import licenses and other such invitations to corruption.

The strange thing about political interference with markets in Nigeria is that the Nigerian masses never learn that these interventions are never to their benefit. One would think most Nigerians would be aware by now that the only parts of the economy that work properly are exactly those bits where the politicians have least influence.

With all due respect, it is a good policy. In saner climes, fraud still occurs but on a very reduced scale.

Maybe you did not understand the policy. But the government sought to favor those that invest in local rice production with reduced import duty to encourage them to build Nigeria's rice production capacity, while those that did not invest got high import duty to discourage them from importing without investing in local rice production. What would you rather the GEJ administration did?

-Lord

vedaxcool:
lalasticala come and see anothrr fraud package and delivered by the gej regime.

When we tell wailers they worship a criminal as hero they say he is the best thing that happened to them.

Another IDIOT spotted. Did you read the article?

Read my earlier reply. https://www.nairaland.com/2815372/massive-fraud-nigeria-n117billion-rice#41212484.

NONSENSE!!!

-Lord

cramjones:
A lot of intelligence financial houses in the UK and US predict that the Naira will stabilize at about N350 to a dollar in about 5 months, assuming the following remains, which it is likely to:
1. Oil price remains at $37 - $45/barrell
2. Foreign investors still remain out of stock market (for those that don't know there has been over 70% pull out of foreign investors from the Nigerian stock market)
3. If PMB borrows $10 billion to at least pay the FGN wage bill and embark on capital projects.
4. If the unrest in the North-East, South-East and parts of the middle belt like Kwara remains.
My advice is that whatever Naira you have, go and buy dollars, and only change when you want to use it. [s]GEJ's administration massive looting and mismangement has put our country at the brink[/s] and it is time to wear you thinking caps, lest you become poorer with a useless naira.
-CramJones

And the inaction and detrimental policies of the PMB administration have crippled the country's economy.

Keep blaming GEJ, 2016 will be the year of recession, 2017 will be the year of stabilization, by 2018 the economy will only be recovering and APC will start looking for money to contest the elections. Come 2019, Nigerians will be fed up, and I wonder if your excuse of GEJ's looting will save PMB.

-Lord

SLIDEwaxie:
this is not the fault of Jonathan...the guy didn't really understand the corruption in Nigeria.

The only thing I hated abt him is his deaf ears and inaction towards glaring corruption cases. The policies were good, but he didn't follow up a bit...

May God grant buhari the power to kill the bastards

Follow up a bit?

Is he the one to follow up? The EFCC and ICPC, are they not independent bodies? What about the regulatory agencies? Is he also the person heading all of them? Why did their respective heads not ensure that the policies were enforced and fraud were eliminated. Was it GEJ that informed them to let corruption thrive?

I remember the Odua scandal and how the woman was protected by GEJ, so I'm not saying GEJ was perfect. But PMB is no different. Why is everybody silent about the role of Sanusi and Emefiele in Dasukigate? Or that Femi Adesina as Editor received money (although it has now been returned)? Why are they not still lambasted if they are not protected by PMB.

As I said, the status quo remains. After Buharigate, the mills of Dasukigate has gone worringly silent. When you point a finger at someone, four figures are pointing back at you.

-Lord

themilanway:
You are quick to term it"media black mail"because it didn't suit your agenda or some of the names you were expecting to be there weren't included.

Shut up if you don't have any reasonable thing to type.

Is it not media blackmail?

Did you not notice how the electronically controlled zombies jumped on the thread to scream anti-GEJ sentiments, without reading the article, like he was the one that managed the companies or oversaw the selection process?

It was an okay writeup but the intent was wrong especially when you look at the title. Why did the writer not say "Rice Mafia orchestrate massive fraud in Nigeria N117b rice import quota scheme"? Rather than use "massive fraud" to suggest that the whole scheme was ridden with fraud whereas only the marketers and their cronies defrauded Nigerians.

GEJ did his job of formulating good policies. The Minister of Agriculture did his best to ensure the policies were enforced. And saboteurs in the ministry that are still employed in the ministry under PMB's government today sabotaged the policy. These same people will likely sabotage PMB's policies too, like is evident with the fuel subsidy scandal.

As long as people like you and those I quoted earlier on continue to reason like jelly fishes, nothing meaningful will happen in Nigeria.

-Lord

coldsummer:
[size=18pt]All these loot in billions. How would the country survive.
Go will judge Okonjo sanusi, emefele Jonathan.
What sort of useless animals are these. [/size]

okeyglm:
jonathan is a thief.

Ijaya123:
GEJ ineptitude government practically brought this nation to its knees...and we are still struggling to get up.
May God help PMB.

aieromon:
Oh what a shame!
The scams are rolling in one after the other. To think that Madam Coordinating Minister of the Economy was being paid in $$$ makes it even more shameful.
Good job Premium Times......

9jatriot:
Agriculture and rise production? One area the last administration has been bragging about?
Hmmm, na wa.

CaliOsi:
Thank God the Otuoke man is gone (didn't mention anybody's name o). The thieves named here would be taught a bitter lesson soon, i trust my able presido.

IDIOTS!!!

Did you guys read the article?

Sources within the Ministry of Industry, Trade and Investment told this reporter that the then Minister of Agriculture, Dr. Akinwunmi Adesina, by-passed the inter-ministerial committee in the selection of beneficiaries and commensurate import quota. Mr. Akinwunmi, now President of the African Development Bank (ADB), was Chairman of the inter-ministerial committee and took key decisions as the arrowhead of President Jonathan’s much-vaunted Agriculture Transformation Agenda.

Mr. Akinwunmi was easily outwitted by merchants and politicians who did not want a change in status quo, and were known to have resisted such in the past, industry insiders said.

Although the turf is different, the strategy is the same. The same way Nigeria’s oil refineries were put in comatose to pave way for massive and lucrative import of refined petroleum products, the same way entrenched interests known in the industry as Rice Mafia, are sabotaging local rice production to sustain the rice import business.

In the final analysis, the rice policy was scuttled to serve everything but national interest. Companies who have no investment in the rice value chain were granted quota. These companies in turn sold the quota to other importers who already had vessels on the sea.

The sellers of quota made huge profits without any investments in Nigeria’s local rice production and indeed did so without taking risk or lifting a finger.

EKPA!!!

Was it GEJ that told the companies not to fulfill their end of the bargain? Is the PMB government not still maintaining the illicit rice quota 6 months into the government? Is it not the same thing that is happening with fuel subsidy? Did the PMB government not pay the fraudulent marketers N400b a few weeks back.

You guys are the evil in Nigeria. POT calling KETTLE black. HYPOCRITES!!!

-Lord

K.

You are asking the wrong questions. Nigerians voted PMB because they felt he was better than GEJ. All PMB has to do is prove that he is better than GEJ. As of today, the 21st of December, 2015, he has failed to prove so. It is why people are clamoring for GEJ to come back.

If I were to reply your questions, this will turn into a party affair, but elections are over, PMB should justify the votes he received. Simple!!!

-Lord

The number of days will be like some people's jamb (utme) score.
-Lord

I think the rating should be between -10 and 10.

kITATITA:
I disagree. Now the President is in charge and in control of governance. Then we didn't know which of the Presidents was in charge; Finance, Petroleum, NSA, Mr. Fix-it, PEJ or GEJ.

As a zombie, will you agree to anything anti-PMB?

Mustafa made a valid point, and you still found a way to rope GEJ into it. Does the acronym GEJ make you high?

-Lord

chinedu1nig:
Oga are you a machine manufacturer or importer? whats the problem with people for heaven sake. please, ban was placed on finished products like what we can produce in Nigeria not what we cannot produce.

We are not talking about ban. We are talking about buying. Right now, buying is very difficult because dollar-denominated transactions are highly restricted. Do you follow??

-Lord

Everyone that is part of the Miss Nigeria contingent should drop their international passports at the immigration office on returning. They should not be allowed to go outside of Nigeria for any reason.

Which ethnic traditional attire is that? Someone should tell me!

-Lord

All these kids given PVCs to vote. Stop lamenting. Everything that has advantages has disadvantages.

Stick to your change. Wailing form don finish. If you want to buy, bring dollars, we no dey take naira again because it's worth sh.it now.

-Lord

After the reggae play the blues. I have been sharing the news with those I know who purchase dollars denominated products and voted APC.

With that said, it is an austerity measure that will be effaced mid or late next year. Till then, na management tins.

-Lord

repogirl:
How will they pay for the machines when dollars are scarce?

Importers are owing their suppliers abroad

Banks are owing MasterCard and Co. Dollars

That is the exact reason CBN came up with this policy, because there is no dollar to offset debts.
Then you say people should import machines and pay with what? Naira?

E tire me for these guys I swear. If people with access to the Internet, who should be educated and informed can reason like this, how much more the average people on the street without the privilege.

chinedu1nig:
Read before you comment... connect your mouth to your brain idiot... did you read anywhere ban is placed importation of machines?
this is a welcome policy except your family is into illegal business..

Nedu, no provoke me this afternoon.

So you did not read that CBN has reduced the amount of dollars they sell to BDCs? With the restrictions on dollar transactions how will the manufacturers pay for importation of high net-worth machines?

-Lord