5.5m

.

.

5.8m

Cmeo:


Why are those international companies shutting down production and switching to importation? It is because they see importation to be more profitable than production. But with the BAT government import rate that is making importations costlier, production companies will be producing creating jobs for Nigeria instead of importation that will create the job for another economy.

a govt that just lifted ban on the 41 items accessing forex cares about local production ?

DeLaRue:


You think so, but that's not the reality.

There is a pain point at which demand for many imported goods will fall fast. People will simply start buying less and less of them. Whether that pain point is at N1500, N1800, or N2000 to a dollar, I don't know.

But the CBN will have the data. They know. If N1500 doesn't stiffle imports to the level they want, I suspect the CBN will not mind seeing naira close to N2,000 to a dollar.

In some ways, it is to the credit of Mr Tinubu's administration that it is willing to follow this extremely tough path to redirect the economy from import-dependence to greater local production. For a politician facing election in just over 3 years to follow a path that may not show positive results for a few years, is truly brave.

The Nigerian economy was heading for the rocks after over 40 years of mismanagement. Tough decisions are needed to correct long term over dependence on imports.

That naira/dollar pain point is the point at which local production of certain goods starts becoming more viable than importing the same goods. This should translate to us producing more of what we need locally. This will lead to more job creation, less pressure on the naira, and a stronger, more balanced economy in the long term.

But this approach comes with a lot of economic pain initially, as the country is witnessing now.

That's the theory o.

Whether things happen in practice like I stated above is a different matter, because Nigeria's situation often defy economic theory.

can you hear yourself again pls .

You are aware of the avalanche of international companies winding down, manufacturing companies closing shops and switching their business model from production to importation due to the harsh business environment in the country .
No country survives in isolation , even advanced countries still have to import materials one way or the other that aids manufacturing process.

What are the alternatives? For instance , the local rice ( which is not rocket science to produce ) we grow is almost at par in price with imported rice, so where is the advantage in local production here .
Let’s not put the cart before the horse.

Paraman:
I was just laughing when the NSCDC also unveil their camouflage. Even the people wey dey quench fire get camouflage too

i Tire oo … na fire service camo burst my brain . I mean camo is meant to disguise a combat personal in a warfare
What is a fire service personal wearing a camo for ? To disguise in a inferno ?

pocohantas:


Yes it has dropped to N1380 thereabout.

for where ? Still bought @ 1450 today

How many cylinders?

Curious345:
Op stop smoking baboon shit

I swear , when I see Tiwa savage on the list I stopped reading . Tiwa worth $17billion dollars ?

Omo naija don cast sha .. 10m for Nigerian used cat

Why do sellers feel if they mentioned that a car in the market was used by a lady automatically the value should be up there ?
I am careful once I hear this because by stats most women don’t bother to note little signs their vehicles give them and just keep using it until it damages something else or even do regular servicing unless when “Oga” drives the vehicle and starts noticing the plenty noise in the vehicle legs .

Oluboh:
Additions..

3D drawings as accomplishments?

Sleek

3.5m

What’s . The title. On the property

7m

.

Sharp ride update us with more pics of the interior pls

Sharp ride

6m

E

Price ?

Vehicle location

Can you deliver to lagos?

Manual or auto ?

Sleek

3.5m

Location

6m

5.5m

.