₦airaland Forum

Adolfnigeria:
the CBN is not sincere. Even on the official market, the CBN is not supplying dollars. Banks have stopped giving PTA - so why this move ? Its just propaganda.

They are either positioning for another round of devaluation or trying to fight inflation.

Rice produced in india, china, bangladesh and thailand is way cheaper than that produced in Nigeria.

Short term gain, long term pain. Because no doubt these industry will collapse in Nigeria vis a vis the textile industry. Make una chop enjoy rice ----

So far the Government keep on supporting local Rice farmers genuinely, they will be able to compete

It looks so disgusting, I can never eat it

Boakai is giving weah a good run, but I see weah eventually winning

Taylor94:
If you hear a Yoruba man saying one Nigeria



It’s all because of oil



Bloody parasites

I don't understand, is the minsiter a Yoruba man?

Hope the minister is not lying sha

Penguin2:
Why are there so many errors on Tinubu’s certificate?

Do we have any precedence?

Anyone with similar errors at CSU?

Or is Tinubu the first and last?

Lol

Funny questions

KanwuliaExtra:
YES OOOOOOOOOOOOOOOO!!!!
No work today o! It is FREAKY FRIDAY!
I am sooooo off and on my bed with some goooooooooooooooood food and drinks!

No baffling today!

My car is parked jeje!!!❤️

Lots of food to watch “AGBADO KING KONG” movie.🤣

Would ya like some chicken or steak?😛😋😛😋

I hope YOUR TIEFNUBU is fine?
Abi he is waiting for the FBI FILES TO DROP FIRST? :

You can not be living abroad, and always have the time to waste on Flimsy things on Nairaland

Kukutente23:
Bros stop disgracing yourself $0.2 and $0.20 mean the same thing. Why are you allowing yourself to be confused by common zero.

So answer the question. Which Asian country sells rice per kg for $0.2

Is 1 Kobo the same as 10 Kobo?

Kukutente23:
This is primary school mathematics o
Fractions and Decimals

Which country sells rice less than 0.2/kg in Asia

There's no where in my post I claim a kg of rice is sold for $0.2, so I don't know where you got your price from.

Kukutente23:
Dey play
The market indices do not support your claim
Just don't abandon this moniker for another in a few days

Why will I do so?

I will quote you in november when price fall

Kukutente23:
Which country is that?
What is the difference between 0.2 and 0.20

$0.2 is not the same thing as $0.20

Importers can even buy rice from Asia for less than $0.20/kg

BBC no b Arise TV

Penguin2:
If not, why would BBC concentrate only on whether the diploma was forged or not, and ignore other discrepancies?

They ignored the fact that the certificate from Southwest College has Female on it.

Tinubu admission letter was address to a male not a female. Does discrepancies are human error

plaindealer:
What is the meaning of this ignorant and illiterate nonsense sef....

He's in a lot of pains and confuse

KanwuliaExtra:
NA BBC GIVE THE DEPOSITION?

Like MALDONADO STATED. . . .THE FINDINGS CANNOT BE CHALLENGED ANYWHERE.

Supreme court lies loading. . .

ONLY BBC. . . WASHINGTON POST NKO?

FBI files loading jare!!!!

No matter how pained you are, Tinubu will rule Nigeria till 2027, recontest and win.

I know you're not happy about it, but there's nothing you can do about it.

Kukutente23:
Which country are you getting 0.2/kg from? You're beginning to manufacture data
Prices will not fall in November. Our forex is a mess. You're looking at pre-2015 when we had a healthy forex. Right now $1=N1000
The only saving grace is if imported rice becomes duty free or smuggling of rice becomes attractive. As far as official line is concerned, there's no way you're going to get rice cheaper than it is.
The best you can hope for is stability of the price.

Imported rice will be cheaper than rice from the northern part, you will see in few days time.

Kukutente23:
Which country are you getting 0.2/kg from?

I said $0.20/kg not $0.2/kg as you claim. Importers can get it as low as $0.10-$0.15/kg from some Asian countries sef


If the importers buy dollar from the CBN, they will buy at about #770/$

So make the calculations yourself.

Kukutente23:
How? Check your calculations and exchange rate
The damage your APC has done is deep
And i hope you realise what is called a bag of rice is actually 50kg not 25kg. So check your calculations again

At $0.20/kg, a 50kg rice will only cost about $10 per bag

It will still be cheaper than rice from northern Nigeria.

By november when imported rice flood the market, you will see how prices will fall.

motymop:
Sir it doesn't work like that.

There are import duties on rice in nigeria.

Even if it cost 11 dollars for 25kg of rice. Dont forget importers will have to source expensive dollars in the black market

Import duties and corruption plus rice union price will make imported rice more expensive

Importers can now get dollars at the CBN rate.

If I calculate it base on CBN rate, a 25kg rice will only cost pata pata 9-10k

How much is the import duty and other expenses? The rice will still be cheaper than a 25kg rice from northern Nigeria.

Kukutente23:
That's less than our equal to $1

A 25kg of rice cost more than 40k, Importing rice from Asia is cheaper.

Saintinoo:
See how you are throwing fake data up down.

Share the real data with me

Kukutente23:
Yes. And same with Nigeria

A 25kg rice currently cost more than 40k in Nigeria.

Kukutente23:
China is actually a net importer of rice

Rice also cost within that range in Thailand and India

Solsix:
Have you ever thought about job losses? If these rice mill in Nigeria closes the resultant effects will much

Rice farmers have make lots of money in the last 8 years, let them compete with importers and is not as if the FG won't still be supporting them. The FG have lots of plans for them.

Saintinoo:
Do you know how much a Toyota car is sold in Japan? Or ford in US? You see it as greediness because you don't understand how these things work, government policies make these good expensive with other resulting effects I just mentioned above.

Import duties, imported inflation, other taxes, shipping cost. Go to any Igbo man shop at Alabama market and ask, they buy these goods at a very cheap rate in China, but will spend more than 250 percentage of the cost of that goods just to Bing it to their warehouse.

We are talking about rice here, not car or car part.

We shall see who's wrong in few days time

pat077:
does the I&E window have enough liquidity to meet all the demands?

We will know in few days

Saintinoo:
4. Higher Import duties: most people might think that that bringing in commodities like cement, rice and beef into the country will bring down the prices, many factors will still shoot up price, like higher import duties, clearing fees etc.

You haven't make your research well concerning this issue.

A kg of rice cost between $0.8-$1.5 per kg in china.

No matter what, a 25kg bag of rice from china will be cheaper than a 25kg rice produce in Nigeria.

If an importer buy a good quality of rice for $0.40 per kg, a 25kg rice will only cost about $11

No factor will make the rice sell more than 25k in Lagos except greediness

Luu40:
Does it mean that people can now freely import cement, rice and other items - like they are no longer on import prohibition list?

Yes

legitnow1:
TUCANO? TRUMP GAVE U A FLYING SNAIL, TO MAKE MONEY.


BEFORE TRUMP DID ANYBODY AGREE TO GIVE NIGERIA ANYTHING? NO!


U ARE VERY FUNNY.


SHAME NO THEY CATCH UNA?


GO AND SEE JETS AMERICA GIVE TO EGYPT FOR FREE.


THE BEST HELICOPTER NIGERIA HAVE WAS SOLD TO US BY RUSSIA.

Tucanos Is not the only American weapon Nigeria military is using. We have ordered for the Apache too and will start receiving them this year.

legitnow1:
THERE IS A VERY GOOD REASON AMERICANS WONT SELL OR GIVE NIGERIA ANY WEAPONS.

THEY KNOW THE END RESULT WILL BE GENOCIDE DUE TO TRIBALISM OR RELIGIOUS BIGOTRY.


HUTU AND TUTSI IN RWANDA ONLY HAD MACHET AND THE WEST REGRET NOT INTERVENING EARLY ENOUGH TO CONTROL THE MONKEY IN JUNGLE.


UMU ANIMAL!

The Nigerian Mlmilitary is using a lot of American weapons

Russians and Ukrainians that are killing themselves, are they Africans?

Gangster1ms:
Why the obsession with igbos all the time?

The guy accuse Taylor of being a Yoruba man and I corrected him that Taylor is an Igbo man.

So I don't understand the message you're trying to pass across