₦airaland Forum

grandstar:
I am Nigerian.

There's so much empty bragging by some Nigerians but the problem is primary a poor understanding of economics. The guys bragging represent a small percentage though. Most Nigerians condemn the border closure except you're a rice farmer making obscene profits from Nigerians paying through the nose for their grain.

They fail to see that closing the borders primarily to stop the smuggling in of rice is counterproductive. Nigeria does not even have comparative advantage in rice production. A ban on its importation or high tariff walls is the wrong way to go. You're better off importing the things you lack comparative advantage in.

The president has a very poor understanding of economics. Worse, he refuses to listen to experts. All he has been doing since assuming power is to borrow to the heavens money to build projects here and there to stimulate the economy. This isn't working as some of his crude policies, such as the border closure has scared off foreign investments into the country.

Thegoodone13:
Benin Republic has a population of 12 million people. But it is the worlds 5th importer of rice. In 2018, it imported rice worth US$996m.*

*Benin is also world's largest importer of _used_ _cars_ and __second_ - _hand_ _clothing_ . All with a population of 12m people.*
*DO YOU WONDER HOW?.........*
*Don't!*

*98.2% of these imports into Benin are only on transit; their final destination is _NIGERIA_ !*
*Nigeria is world's largest consumer of used cars and second hand clothing, and is also Africa's largest consumer of Asian grown rice.*

*The problem here is that all these imported goods attract appropriate import duty and trade tax, which are paid to the Beninoise Government while the goods are thence SMUGGLED into Nigeria WITHOUT ANY PAYMENT to the Nigerian Government and, thereby, adding zero value to the Nigerian economy!*
*Sadly, THIS IS ALL DONE BY NIGERIANS!*

*Granted, ECOWAS/CEDEAO charter allows for free trade between member states, but _on_ _goods_ _produced_ _in_ _member_ _countries_ , and NOT on imports from other economic blocs.*

*Where foreign goods are transiting through a member country, and ending up in another member country, the ECOWAS charter stipulates that the country of transit MAY collect a token trade tax, and its Customs officials should then escort the goods to the border of the importing country and hand it over to the Customs officials of the importing country!*
*But what we see in the case of Benin Republic is that it collects _CUSTOMS_ _DUTY_ plus _TRADE_ _TAX_ , and then allows the goods to pass through its hinterland for onward smuggle into Nigeria!*

*This is a clear violation of ECOWAS statutes and no nation can condone such costly infraction.*

*Nigeria has tolerated this nonsense from Benin for far too long and it is time to stop the malpractice if we want Nigeria's economy to grow.*
*(Therefore, whoever cries foul because we have closed our borders to smugglers while we're putting our act together, IS AN ENEMY OF NIGERIA!)*

*Nigeria makes up about 74% of ECOWAS population and about 71% of its economy. It is ECOWAS that needs Nigeria and not the other way round!*

ANY RELATIONSHIP BETWEEN MEMBER COUNTRIES MUST BE BASED ON EXTANT REGULATIONS!

MUMUdom:
You don’t realize Ghana is speaking for the rest of west Africa? Ghana’s economy is growing rapaciously at 8%, the highest in Africa but Ghana has an obligation to speak for all the remaining countries in West Africa. Fuckeduppedness Ghana hasn’t ruled out closing its borders to nigerian goods and services. That is a real possibility if this nonsense continue beyond Christmas.

But can nigeria keep their border closed beyond Christmas? Two things could happen. The price of a bag of rice could double, triple or even quadruple by Christmas secondly, Nigeria’s generator-powered economy will enter into recession again in early 2020 . Those are real possibilities. When these scenarios happen, don’t come back here and say I am a prophet. Fuckeduppedness

psychologygh:
go and feed your 200 million poverty capital of the world citizens. Do you know the meaning of trade.It goes two ways.Did you listen to the man.Ghana will rather block trades with Nigeria and rather trade with Dubai and Europe.Already trade among West African ECOWAS members is the lowest in the world. Ghana exports gold,timber,oil,manufactured products, etc worth 17 billion dollars and out of it,just 80 million dollars goes to Nigeria. So how does a few loss not even loss cos the products can be sold to Europe and China.How does 80 million dollars feed Ghana. Tell me.It's your own people that will suffer cos you can't trade among all these countries again and no imports and exports for them thus businesses and jobs collapsing in Nigeria. Food and goods more than double in prices and majority of your people can't afford such high inflated living.You can't even feed yourself thus closing all your borders to starve yourselves and you're ignorantly shouting that you feed Africa.Despicable words.

angelusbrut:
Hello fellow Nairalanders,
Please I was invited for interview @ Prime sources limited, please who knows them,I have goggled the address, tried calling their number on the website but all the numbers are not going through.

Please help as I will be traveling from PHC which is very far and the cost implication is high.

I applied as a financial controller

Kindly assist with any information

yetunde444:
Viral Video shows two First Bank Staff Having S e x In Toilet(Video)


reported that 2 bank staff were caught having an ‘i*timate moment’ in a Toilet after work hours over the weekend.

Download Their Video Here

JIDECAC:
CRIME DOES NOT PAY

afroniger:
contd.



Mynd44, Lalasticlala, OAM4J

IKON360:
Ten years ago I was using the first nokia torch I think 105 or so, the sad phone didn't even have Bounce or Snake xnezia, only radio and night call were the fun things on that phone for me to enjoy.
So tell us, what phone or phones you were using 10 years ago.

henrydadon:
Brain teaser

GOFRONT:
Why are they calling this Billionaires a GOAT??..... Dem be una mate??

essentialone:
Hi Friends,

Let us begin to mention the worst companies to work for in Nigeria and list your reasons or experience.

We learn by learning.

emmakingfix22:
What an excellent winning on our yesterday fixed games, Big congratulations to our old and new subscribers that bought and play the game.
Today is another chance for you on sure fixed game on correct score,
Don't be Left out.
Odds Available only for Interested Personnel
Call / WhatsApp on the number showing below
No free no after serious minded people only

Tobyarab:
Abia, Imo, Enugu no try at all. Tofa ke.

Stingman:
Why not open your own website...?

Why do you people love to live in an environment where injustice, inequality, evil, wickedness reign..Just because you are gaining from the rot as Nigeria is currently configured...? If you advise them to open a section where injustice to people across the country is debated, I can assure that people will end up being in one page as fairness to all will be agreed on...and that will drastically reduce the tribal banters...