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BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 10:37am On Aug 04, 2016
kraftykc:
Do u imagine innoson and other manufacturers do not import too? or are their products assembled all parts 100% fabricated here in Nigeria? My uncle is a manufacturer and nearly lost his business because he sent for components to be crafted in Germany due to the specialist specifications, if the items didn't arrive on time it would be a different story today.

Every country on earth imports!! Yes we do a lot more than we should but this is not the way to solve the situation. What about drugs for cancer etc and hospital perishables that are all imported? Wicked suddenly develop cancer research centers with 50 years of experience and corporate practice and stop importing drugshuh


This President is hell bent on destroying his own goodwill again....
My Oga,
I agree with you that all country rely on importation but the difference is what they import.
A country should import Raw Material not Finished Goods
It is much cheaper to import raw material (Compare much much we sell our crude oil and
the amount we pay for the end product; Petrol, Diesel, Gas, etc
)
That is the reason Dangote & Innoson are surviving in the business.

The policy to increase import duties is a strategic one
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 10:30am On Aug 04, 2016
charlove:
and the masses should starve to death because na copy
and paste u go do for school abi
Educated fellows understood my point
PoliticsRe: Al-Barnawi: "Kill Christians, Target Churches Not Mosque" by NameChecker: 10:22am On Aug 04, 2016
ok
SportsRe: Mia & Ava Mikel Obi In New PhotosMikel Obi's Grown Twin Daughters by NameChecker: 10:16am On Aug 04, 2016
imohkk:
its no longer mikel but michael... world people una no go change?
Nothing like Michael!
The name died in 2003
He only changed the name from
John Obi Mikel to
Mikel John Obi

Sauce grin :- http://punchng.com/mikel-changes-name/

BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 4:31pm On Aug 03, 2016
[quote author=peak115 post=48154910][/quote]You made my day
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 4:25pm On Aug 03, 2016
saintneo:
Your theory is play but how realistic is it.

If a country wants to decrease importation of processed goods so as to improve local production, then it should support production of such goods in the country:
1. By providing electricity 24/7.
2. By providing grants for innovation.
3. By enabling opportunities for certified international manufacturers to operate their facilities in the country.
None has been done by the present regime.

Does Nigeria produce:
Car components in Nigeria?
LCD TV?
LCD TV screens?
NO!

Most of these importers import goods that we don't have the facility to produce. This is just a deliberate attempt by the government to milk the citizens and frustrate the business of importers.

On a personal note, I am working on introducing an electronic product in Nigeria, I have designed and constructed it, but most components were imported. Consequently, my product will suffer from this duty hike and patronage from potential customers will be low because I would like to cover my cost of production and make profit as well.

Basic economics theory will surely fail.
If a ban is placed on importation,
Foreign investors will be forced to invest in Nigeria.
They will begin to manufacture their initially imported product in Nigeria.
Just as Nokia, Samsung and Nissan are currently doing.
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 4:17pm On Aug 03, 2016
Love Machine:
Which politicians convoy have you seen them drive the made in Nigeria innoson cars?
Of a truth, they don't
But since they are not the market to patronize Innoson, It's no problem.
All the politicians in Nigeria can buy the numbers of vehicles one transporter
will buy.
Example:- Peace Mass Transit alone operates over 2000 buses
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 4:11pm On Aug 03, 2016
AyaSunday:
Good point but you didn't finish it well.
Have you thought of RAW MATERIALS for local production?
Almost all aspects of production in Nigeria has an imported raw material in it.
Nigeria does not have all the raw materials for production so this post above will only keep increasing the cost of finished goods locally.
I respect your display of maturity in quoting me, unlike those who are born to curse and abuse.

There are Raw Materials in Nigeria, but Untapped
Google "location of raw material in Nigeria" and you will be shocked.
The only issue is that we are scared of investing in them
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 4:07pm On Aug 03, 2016
Akosa007:
I bliv you inherited your stupidity, how can u discourage importation when you have no economy development blueprint? What happens to improving our technology background, which definitely you have to import before we can start doing ours. Do you know the level of poverty in Nigeria now? Compared to just 2years ago? Please if you don't have better things to say just sharapppp! Misguided youth, dancing to APC change musik, your eyes would soon open, just like Fr mbaka.
Am sorry
I don't respond to people who insult.
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 3:16pm On Aug 03, 2016
MadCow1:
Obiano must be laffing.. grin


His 5 Million Dollars Ugu and Bitter Leaf Exports can survive any tariff increases. grin
Na so o
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 3:14pm On Aug 03, 2016
ikiller:
your talking rubbish, what has the government done to encourage manufacturers locally? How many manufacturers do we have locally that can cater for the whole nation?
I don't respond to people who insult.
PoliticsRe: National Assembly 2016 Constituency Projects Allocation [infographic] by NameChecker: 2:57pm On Aug 03, 2016
ok
CrimeRe: Two Criminals Burnt By FUTO Students In Owerri [see Photos] by NameChecker: 2:53pm On Aug 03, 2016
digoster:
his matter is still in court.. or was he discharged and acquitted?
All I can say is this:- Find Out
But you will be shocked at your findings
BusinessRe: Duty Hike: "We Are Finished" - Importers, Agents by NameChecker: 2:35pm On Aug 03, 2016
AgentOrange:
What is this sai baba herdsman president turning this country into?
Crying everywhere. embarassed
Trailblazer1:
Buhari was an evil sent by God to restore our lost sense and bring us closer to Him.
In times like this, you have no other option than to seek succor and solace in God.
I have renewed my relationship WITH God in other to survive this present evil called BUHARI undecided
Keneking:
This government has failed the economy woefully cry
sleemfesh:
We have been Buharied. Chai.
repogirl:
Insensitive government.
It seems the goal is to create unemployment and destroy businesses. Very foolish government, in short.
The disadvantages of import:
1.Foreign goods are substituting the domestic goods' markets,so the domestic industries (Innoson & Co) are eliminated.
2.Trade deficit will cause the currency devaluation, inflation (Nigeria's Current Problem).
3.The importing of important industries will lose the influence by importing country.

If you still don't understand that the increment is a deliberate measure to discourage importation,
then you know nothing, I repeat, nothing.

***Culled from ECO 101***
CrimeRe: Two Criminals Burnt By FUTO Students In Owerri [see Photos] by NameChecker: 2:34pm On Aug 03, 2016
digoster:
any form of jungle justice is bad..
Why do we have law enforcement agencies?
Tell me what they have done concerning this man's case

Perhaps you don't know him . . . .
His name is Yinusa

CrimeRe: Two Criminals Burnt By FUTO Students In Owerri [see Photos] by NameChecker: 2:22pm On Aug 03, 2016
tommykiwi:
U r just contradicting urself, what is jungle justice without death?
Semi Jungle Justice

grin grin grin
PoliticsRe: Profile Of Olabiyi Durojaiye: NCC Chairman by NameChecker: 1:57pm On Aug 03, 2016
ok
PoliticsRe: Buhari Was Inexplicably Deaf On His Own Advice On How To Lead (newswatch,1989) by NameChecker: 1:11pm On Aug 03, 2016
koo
CelebritiesRe: Remembering Afrobeat Legend Fela Kuti: 1938-1997 by NameChecker: 12:41pm On Aug 03, 2016
Did anyone notice Femi in this picture?

CrimeRe: Abuja Notorious Fraudsters Arrested By Police (pic) by NameChecker: 11:55am On Aug 03, 2016
AbdulRahman Shuaibu - 21
Isiaku Maheed Zambuk - 47
Hassan Haruna - 35

TravelRe: Emirates Plane In ‘accident On Landing’ In Dubai by NameChecker: 11:48am On Aug 03, 2016
ok
BusinessRe: Man In Suit Selling Suya In Ikorodu, Lagos (photos) by NameChecker: 11:48am On Aug 03, 2016
Season Of Suit

HealthRe: New Killer Insect Alert by NameChecker: 9:52am On Aug 03, 2016
Stale News
CelebritiesRe: Throwback Photo Of Di'ja As A Young Girl by NameChecker: 9:50am On Aug 03, 2016
hmhh
CrimeRe: Two Criminals Burnt By FUTO Students In Owerri [see Photos] by NameChecker:
I support Jungle Justice grin
But not the ones involving death embarassed
PhonesRe: You've Been Charging Your Phone The Wrong Way by NameChecker: 9:47am On Aug 03, 2016
Hahahhhaha

CelebritiesRe: Toke Makinwa Supports Pastor Adeboye, Says Don't Marry A Man Without A Job by NameChecker: 9:32am On Aug 03, 2016
ok
PoliticsRe: EFCC Arraigns Abiodun Agbele On Fraud Charges Today by NameChecker: 9:13am On Aug 03, 2016
akilo1:
thief
Easy Na!
Wetin I steal from you?
PoliticsRe: EFCC Arraigns Abiodun Agbele On Fraud Charges Today by NameChecker: 9:02am On Aug 03, 2016
MadCow1:
Ayo Fayose.... This is called testing the Microphone.. grin grin grin
When the gbedu go land na?

grin
CelebritiesRe: Emma Nyra Flaunts Bare Tummy, Says Flat Tummy Tea Is The Key by NameChecker: 9:01am On Aug 03, 2016
ok
PoliticsRe: Presidency Plots To Remove Dogara, Others - Linus Okorie by NameChecker: 8:53am On Aug 03, 2016
ok

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