₦airaland Forum

descarado:
In a layman's term. Allow the market to regulate itself.

All things being equal, as long as we have the right amount of export to counter import,naira will bounce back under 2 yrs.

Export will never be able to counter import if importing things becomes too easy.

Let me ask you a question..

If you could produce a phone and you could also import to sell it for similar amount, which would you do? Consider the fact that you'd have to pay your workers and you'd also pay taxes and consider also the fact that you'd pay import duties.
Which would you do? Be honest with yourself..

Barryseal:
At what cost? Most Nigerians can't afford that local rice anymore as the price have quadrupled since the ban.

Rice increment is a small price to pay for getting to eat local rice.

Today Nigerians are still able to eat rice despite the increment.

You should be able to look at the end (the big pictire) and not just the beginning. Cheap rice was killing local rice farming.

Today, Nigeria is the biggest rice producer of rice in Africa. Millions of rice farmers are now richer compared to when rice was 9k. That is the big picture you should look at and not the price of rice.

ppogba:
The major mistake most literate Nigerians are making is that they are over- rating some of this aspirants and in fact most people in position of authority.
Take away PAs, SSA and the lots from most of them, you will discover how empty they are.

At the campaign period, a wise candidate will talk less especially if it has to do with the economy and security.

Truth is as an outsider a bit far from. the corridor of power, the more you look, the less you see. It is when you mount the saddle that you will know wosop.

That's how I was just shaking my head when I watched the video of when Peter Obi was saying how Nigeria can generation N1.3 trilion to give ASUU in one month. He was calculating how much oil Nigeria loses in one day. He started calculating how much Nigeria would make per day if those oil was being stolen.

The guy makes Nigeria problem looks easy to solve. In his mind when you're the President and you have full control over the police, military and finance of Nigeria, you would be able to solve every problem.

ppogba:
The major mistake most literate Nigerians are making is that they are over- rating some of this aspirants and in fact most people in position of authority.
Take away PAs, SSA and the lots from most of them, you will discover how empty they are.

At the campaign period, a wise candidate will talk less especially if it has to do with the economy and security.

Truth is as an outsider a bit far from. the corridor of power, the more you look, the less you see. It is when you mount the saddle that you will know wosop.

That's what I keep telling people.. Most people, especially the Obidients think that Nigeria will become an Eldorado if Peter Obi wins.
They think insecurity, kidnapping and banditry will stop.

Most of them think like children. I remember when I was a child. I use to think my father can stop every form of harm from happening to me. His presence alone makes me feel safe. But now that I'm older, I realize he's only human and he too can get harmed.

Nigerians need to grow up.

hegelian:
These are the right question ask him not turning everything to tribal and silly tantrums like people do.. He posed a good solution but with several holes to exploit.. The question should be how will he block those holes.. That is the whole point of interviewing contestants to help them formulate and think deeper that usual.. But here we just do silly jokes and tribal fights.. Thumbs up to you sir for asking the right questions

There's no whole to block there. That's like trying to block the cloud from bringing down rain.
If imports are restricted, the economy will go down in one year. Yes, things will become cheaper but people won't even have the money to buy the cheap things.

Peter Obi really goofed there. That is enough to stop every local manufacturer to stop supporting him. That's if they're wise enough.

seunmsg:
Once importation becomes free for all in a country that urgently needs to scale up local manufacturing, how do we then become a productive economy? Where will the forex for the payment of this unrestricted importation comes from? By the time this Obi guy is done with our economy, Naira will be exchanging for N10,000 to $1. Buhari would be a child’s play compared to this dunce they are packaging for us.

Guy, it is easy to know someone that just pour what what he crammed. Peter Obviously just poured out what he crammed. He's actually a dunce.

dyera:
That is where you are wrong. The current policy of Buhari will only help exporters especially of Agric product, it work against local production.

Peter Obi's proposed policy will make it easier for local manufacturers that need to import raw materials abroad.

Buhari was too dumb to realize that by blocking importers of goods, he is also blocking importers of raw materials for production.

Fool. When Buhari banned importation of rice, did he ban importation of fertilizers and agricultural equipments needed to farm rice?
Is Nigeria not the biggest producer of rice in Nigeria today?

Eriokanmi:
You're nothing but an olodo.

I'm an importer. I also export . Each time I'm paid in dollars on goods exported, I'd need to change the dollar to naira to pay salaries , sort overheads, etc. Then, depending on your capacity, you need to source loan to buy some materials needed to produce locally for export. In this case, the naira loan sourced would now be exchanged for dollar to buy those raw materials. I'd noq buy at black market or bdc rate. Invariably, there's no much gain when dollars are paid for goods sold overseas cos we're still going to get more dollars locally to buy materials overseas.

The problem I have with you urchins is, you're too emotional and most of you lack the right knowledge tackle pertinent issues. Liberate yourself please. Stop behaving like an illiterate.

Don't be foolish. If everyone finds it easy to import goods (eg rice) who would want to waste his time to own a rice farm?

hegelian:
That is the right thing to do sir.. I hope whoever win the election implement this.. Don't restrict import, instead tax it and use the tax to uplift local production from sme loan and real industrial loan and support.. It's really not recket science..

When there wasn't restriction on rice importation, how did local rice farmers faired in Nigeria?

socialmediaman:
Peter Obi has the least baggage out of all 3 major contenders if elected President. Vote wisely and hold him accountable

You foolish people think you'd be able to hold him accountable if he becomes President? Kids are what you guys are. Little kids.

sisisioge:
Thank you o....they should hear. One would think this present government will invest in real economist as opposed to politicians manning the country economy.

Even if they want us to start enlarging local production,sebi they would have created the means for that before restricting the importation....I can't believe what Buhari did to rice....the guy is unbelievable! Now cassava and other previously locally produced products are mimicking import prices
of other foods . Awon werey. Enough of Ribbish....Peter Obi for president o....even though I know Tinubu no go green. The guy na hailing don!

If Buhari hadn't done that to rice, Nigeria would have fallen. Learn to look at the bigger picture.

When rice was cheap, it was destroying the economy slowly.

asanausana91:
Today local rice is all over nigeria because of the restrictions on foreign rice. How will your local production survive if you are importing everything. Obi is confused. Anyways, what do I expect from a 3rd class student.

The average Nigeria don't mind buying rice N1k even though it is slowly killing the economy. All they care about is cheap food. Nigerians are the most myopic people you can see anywhere.

socialmediaman:
It's your gang of political thieves that have refused to invest in local production that are the problem, not the importers. Atiku's generators will not be prospering if the President invests money on stable electricity, and that's why your older thieving politicians are fighting Peter Obi

Do you realize that Peter Obi (just like Atiku) is also part of the political gang of thieves that have refused to invest in local production?

Peter Obi is one of Nigeria's biggest importer of goods that can easily be produced in Nigeria.

asanausana91:
and this foolish Obi is telling his zombiedients that he will change Nigeria from consumption to production country.
Obi is a dangerous terrorist,he is confused.
How can you get your country to produce if there are no restrictions on import

Actually Obi just confirmed that he's an Igbo agenda.

Peter Obi said he'd remove import restrictions. Who are the biggest importers in Nigeria? Do the maths.

Peter Obi just wants to be President for only Igbos.

DanielPat01:
Well, Peter Obi will do more if he eventually becomes the president of Nigeria. This I know for sure.

I also want to use the opportunity to pass this message to those who have decided to be #Obidient & #Yusuful to their unborn generation.

While pointing out Tinubu errors we should focus more on Atiku. As the Tally stands now Atiku is one the major contender because most Northerners would rather vote Atiku than vote Obi if they are not voting Tinubu.

I know this for sure as someone that lives in FCT Currently. Atiku got more red flags as Tinubu so I see no reason any sensible person should vote him.

But I will begin with the JAGA JAGA BANDIT first.

The Tinubu some Tribal bigots are supporting have been silent all this while regarding several Fulani herders attack in his region just to clinch the presidential ticket of APC. Not only that, still picked a northern Muslim who hates restructuring with passion.

I actually watched him LIVE on AIT say it and I quote;

"I don't believe in Restructuring, Restructuring my foot, To hell with restructuring." ~ Shettima

Atiku on the other hand deleted his tweet about Deborah death and denied ever being responsible for the tweet all for the presidential ticket of PDP plus possible massive vote from his people. Which I know is going to happen if we don't start giving them reasons why they shouldn't.

Atiku A man that has one of the biggest generator company in Nigeria (Mikano Generators) can't and won't give maximum effort to fixing electricity in Nigeria. That is if he even makes attempt at all. We can't be fooled.

And you tell me this set of people (Atiku & Tinubu) won't dance to the to tone of major Northern cabals and Islamic scholars that believes Nigeria belongs to the North and the North alone.

Funny thing is most Tinubu supporters haven't yet realised that Tinubu is just a placeholder for Shettima. Just in case anything happens.

Shettima carrying out Tinubu duties/responsibilities now is a clear indication that Shettima is a placeholder for him (Tinubu). Shettima A terrorist apologist and sympathizer would be the one ruling us all if APC eventually wins come 2023. Mark this day.

Peter Obi is the only candidate that has been weighed, checked and scanned and haven't been found wanting. Fully tested and trusted. He is not a saint, yes, but the best among all.

"PETER OBI is not desperate to rule Nigerians but desperate to rescue Nigerians." Get the point. His commitment and dedication to Anambra state when he was a governor proofs it all. (A no nonsense man with zero tolerance for corruption).

Vote Peter Gregory Obi for; accountability, speedy execution of government projects, maximum security, and many more. P.O is the only presidential candidate that would release the names of the sponsors of Boko Boys and make sure they are dealt with. Atiku and Tinubu will never do it.

The ball is in your court well meaning Nigerians. If we don't get it right now. We suffer for another 8 years. Move from being on the fence to jumping into Obi bandwagon. You won't regret it.

Vote Wisely Nigerians.

Can you see how foolish you are? You said Atiku, the owner of Mikano cannot and would not give maximum effort to solve electricity issue. Then what about Peter Obi that imports virtually almost every consumer goods to Nigeria? Would he give maximum effort to turn Nigeria to a producing Nation. Would he kill his major source of income (importation)?
Just yesterday, he's saying he will remove importation restriction. Meaning, he will make it easier to importantly things into the country.

So that's the man you wanna support? Even Innocent Chukwuma will be against him for what he just said.

Throwback:
Who else has noticed that a lot of empty vessels always fight logic and embrace idiocy using the worn-out statement highlighted above?

A case of "you cannot refute my lie that I insist must be true".

They either use that phrase or "since the Government have denied this, then it must be true."

N3TRAL:
A voice note isn't my problem.

My problem is that a presidential candidate wants to remove import restrictions in Nigeria.

Like what the Bleep?

Within 2 months of such stupid policy the dollar reserve in the central bank will be empty.

Millions of employees will lose their jobs.

Even people that produce biscuit will close their factories.

It's scary in this e-commerce era where I can order for 1 million crates of eggs abroad, 200,000 cartons of frozen chicken online, and throw poultry farmers into joblessness.

Nigeria will suffer the worst balance of payment deficit ever known to humanity.

Wow. Just wow!

I wonder how people still can't see how empty Peter Obi is.

For the first time, Peter Obi didn't tell a lie. He will actually do this thing if he becomes President.
Even Innocent Chukwuma will be against him now.

obyrich:
No.

It's obvious

Roger3D:
I thought I was the only one to observe that from his statement. The vast majority of importers in Nigeria are Ibos like him who produce nothing locally but use Nigeria as a dumping ground for substandard Chinese goods to the detriment of our local economy. He's probably echoing the thoughts of his western neo-liberal masters who granted him audience in America yesterday. A vote for Peter Obi is a vote for economic enslavement. I remain DISOBIDIENT.

Even Innocent Chukwuma would hate Peter Obi now.

Racoon:
Liberate the gateways. Not the senseless, impactless and useless economic blockades the APC govt placed on the lucrative southern borders with attendant huge economic loss sometime back while the northern fringes were just leeways for terrorists to freely stroll in and do more damages.

Nigeria case is an import and a oil-mono-economy dependent nation because local production are not sufficient enough to meet local consumption demand.

And what did the senseless blockade Buhari government imposed on the borders yielded? Did local production increased or saved Nigeria from the present food inflation and insecurity nationwide especially with the insecurity menace on farmers?

Liberate the economic and provide security first, to encourage local and foreign investors that will boost the process and enhance food production to help us shift from local consumption to export.

Actually local production increased. Nigeria is now the biggest producer of rice in Africa.

Brendaniel:
The FG should fulfill their agreement...

Nobody can fulfill that agreement.
What they're asking for is almost Nigeria ten years national budget.

There are current 49 Federal Universities. ASUU say each of them should be given N1.5 trillion. That's over N73 trillion. By the time you add the share of State University, it will be over N100 trillion.

Nigeria 2022 budget is 17 trillion.

obyrich:
So Tinubu was the Governor of Lagos state in 2015?

Do you even read to understand?

peppermint7:
My own anger with this whole situation is that some foolish students who have been in their homes for the past five months wants to vote the clown that sold them this bad governance again.
Tufia
Any university student that votes tinubu is devilish

What about those university students that stayed home for 6 months when one of the presidential candidate was Governor?

Brendaniel:
When I see people supporting the FG against ASUU, I just shake my head, if only they know the future disaster that ASUU is fighting against, it might look selfish on their side now, but you will thank them for standing their grounds in future.

You think police extortion in Nigeria just started like that - It first started with FG's neglect on police

Have your read the 2009 agreement that ASUU signed with FG under late Yar Adua?

Part of the agreement dwelt on funding of universities where both parties agreed that each federal university should get at least N1.5 trillion while state universities should receive N3.6 million per student.

The agreement also had parts that asked the re-negotiation committee to ensure that at least 26 percent of Nigeria’s annual budget was allocated to education, and half of that allocation to universities.

Now tell me which FG can grant ASUU that?

mdntiri:
Fond of what?

Enter google and type "woman tortures maid, woman injured maid, woman burnt maid with iron etc" I bet you, the first google page will be about Igbo women.

Only one isn't desperate.

SlavaUkraini:
And you are leaving behind a Country where Kasim Shetimma's Boko Haram Boys can freely break into Kuje Prison and release their colleagues....

For more Bombing to take place

Buhari the Dullard, Tell us another Lie from Lai Mohammed's Playbook

He's also leaving a country where and advocate of a terrorist organization, who admitted he lives and eat with terrorists is contesting as a President.

The four candidates. Only one is not desperate.

obyrich:
Lol. The trolling started with Anambra. From Erosion to flood. Even the pictures of Peter Obi knee deep in flood has been your source of entertainment here. I was surprised to see Ekiti Governor inspecting a road ravaged by gully in Ekiti state recently.

Kogi is impassable at the moment. Everyone in Nigeria will suffer the effect.

Guy don't be a liar like Peter Obi.

You guys have been insulting Lagos due to flood since I can remember. My first Nairaland account was in 2015 and I remember reading posts and comments of you guys mocking Lagos and Tinubu whenever flood happened

mariahAngel:
You value education, and yet ASUU were striking upandan like thunder during your tenure.

I suggest you read the 2009 agreement ASUU made with Late Yar Adua.

Lemme school you a small part of it.

ASUU and FG agreed that FG should give all federal universities N1.5 trillion (remember there were over 40 federal universities in 2009. Today there are 49) and State Universities should be given N3.5 million per students (currently, there are 59 State Universities).

FG was also to allocate 28% of the National Budget to Education of which tertiary institutions will take half of the 28%.

Now tell me if Peter Obi (or whosoever your preferred candidate is) can pay that money to ASUU.

obyrich:
When it happened in Anambra I hope you read the reactions of your people on this platform? People who live in glass house should not throw stones. To understand me better go and read the thread on Anambra flood incident.

See yourself.. Ever since, even before Anambra flood, you guys always use to troll Languages cos of its flood issue.. Why are you now acting like the trolling started against Anambra?

donaldking100:
Poll conducted by A.P.C show him getting 72%.
Polls by P.D.P show him getting 72%.
Poll by boombag show him getting 72%.
Polls by arise TV show him getting 73%.
C.N.N call him most popular candidate.
Vote for obi, don't waste your vote on a sick man who isn't strong enough to face the daily rigors of running a massive country of 200 million.

Have you heard of the word, the silent majority?

On election day, you will understand what it means.