₦airaland Forum

EzeNri:
Story.

Has poverty reduced then in the North? Go and research about Nominal value of money.

Northern poverty index has much to do with high population but Northerners have more employable chances than any region in Nigeria with Agriculture as the major employer of labour.
I can't be so dumb to always read research made on social media instead of collecting actual data.

Coronabirus:
Northern poverty index has much to do with high population but Northerners have more employable chances than any region in Nigeria with Agriculture as the major employer of labour.
I can't be so dumb to always read research made on social media instead of collecting actual data.

You are very correct

wwwihy:
But it worked for Japan, China and USA, Germany and South Korea. what are you saying.it is presently working for UK

Which book did u read that one ...I dare u to drop a quote

Usa , south Korea ,japan have always been the stranded for open economy

China was miserable under closed economy ...faced hunger and poverty ..they only begane to develop after opening up

StaffofOrayan:
When Trump was against NOI nobody really understood, but as usual with blacks, we would only realize it when it's too late.

Ok tell us what you and Trump saw? Anotuer conspiracy story right?

NOI is only advocating against some crazy import bans that has shot demand up as well as price.

JohnBullMySon:
Ok tell us what you and Trump saw? Anotuer conspiracy story right?

NOI is only advocating against some crazy import bans that has shot demand up as well as price.

If you have reached your conclusion, what else are you asking about?

I am very certain NOI never used the words "import dependent" it is Agbakoba interpretation of what she said.

Lol.

She is just doing what she didn't finish while she was the Coordinating minister of the economy in Nigeria.

People were praising her and cursing those of us against her.

You see now?

It's obvious she's a puppet of the white supremacist Western world.

Someone that destroyed Nigeria's economy under Jonathan.

Thank God, Agbakoba SAN is not from a different ethnic group.

Shior!

Coronabirus:
Northern poverty index has much to do with high population but Northerners have more employable chances than any region in Nigeria with Agriculture as the major employer of labour.
I can't be so dumb to always read research made on social media instead of collecting actual data.

I am only interested in your claim that Northern rice farmers are better off now than Jonathanian ear.

I want to know how you arrive at that.

wwwihy:
You are very correct

I always say it that NBS always falsify data in favor of SW.
Imagine claiming SW has lower employment rate than NW.
These guys are VERY CONFUSED.

EzeNri:
I am only interested in your claim that Northern rice farmers are better off now than Jonathanian ear.

I want to know how you arrive at that.

We are better off, we no longer import rice now due to import substitution policy of Buhari Administration

wwwihy:
They are better off, we no longer import rice now due to import substitution policy of Buhari Administration

How did the policy made them better off?
I am still waiting for you to tell me how Buhari ban on rice import made the local farmers better off

EzeNri:
I am only interested in your claim that Northern rice farmers are better off now than Jonathanian ear.

I want to know how you arrive at that.

]What a Bleep! During GEJ time farmers used to sell their rice less than 12k/bag but now they sell it at 24-30k/bag, their financial capacity grow, thy produce more rice now. I'm talking about my people, my friendsthatI very well know not ghost, bro. This rice farming is the best thing that bring money now in 3 month only.

AGBAKOBA IS RIGHT.

EzeNri:
I am a trained Economist and I understand the dangers of a closed economy.

Since Buhari shit down the borders, tell me how it has affected the common man and general price level?

So a trained Economist is okay with Nigeria's import dependent nature? Don't you know how many industries have died due to importation and the fact that we can't compete with the Chinese and Indians?

You all should stop throwing grammar and face reality, there is no nation in this world that imports 90% of what they consume and still progresses, if I'm lying, list two.

We must learn to balance import and export, not advising us to continue with massive importation. THINK!!!!!!!!!!

Chanchit:
NOI knows what shes saying. Don't get carried away when Agbakoba says government is making 12b daily. have you asked who is paying the 12b? It is you and I. The rice we buy for 200 naira before they locked border now costs more than double the amount. Nigeria produces beans and it remains expensive. This same Nigeria is seeking EU to pass our beans fit for consumption in Europe. They are yet to pass it fit because of the chemical we use in preserving our beans. Now let's assume every country wants the grow what they eat or use, who will buy our crude oil , Cocoa, Cement and what ever we produce. As far as I'm concerned, if we can't compete with international selling price, lets leave rice. we produce Yam, maize, tomato, vegetables, onions etc effortlessly. Let's face them. We can't produce all.

So they now grow crude oil? Cocoa doesn't grow in every terrain, Cement raw materials aren't found everywhere, so how can a nation get all these at once?

Importing everything we consume will impoverish us, Let's take the oil industry for example, we had to opportunity to generate billions of dollars from the sector by fixing our refineries and expanding on inbuilt capacity, we could also have flooded the West African market with our refined produce, but instead, Asians and Europeans are dominating despite us being rich in oil and gas.

Think of the millions of jobs that would have been created should we have 5 functional refineries (We already have the west African market to dominate), think of the improved standards of living etc. With importation, only few benefits at the detriment of millions of people.

Reason this out.

EzeNri:
You need help then.

You need deliverance

Efewestern:
So they now grow crude oil? Cocoa doesn't grow in every terrain, Cement raw materials aren't found everywhere, so how can a nation get all these at once?

Importing everything we consume will impoverish us, Let's take the oil industry for example, we had to opportunity to generate billions of dollars from the sector by fixing our refineries and expanding on inbuilt capacity, we could also have flooded the West African market with our refined produce, but instead, Asians and Europeans are dominating despite us being rich in oil and gas.

Think of the millions of jobs that would have been created should we have 5 functional refineries (We already have the west African market to dominate), think of the improved standards of living etc. With importation, only few benefits at the detriment of millions of people.

Reason this out.

Efe, you don't need to argue with people like him. They're one of the beneficiaries of what got us where we're and they will do anything to protect their interest.

Efewestern:
So a trained Economist is okay with Nigeria's import dependent nature? Don't you know how many industries have died due to importation and the fact that we can't compete with the Chinese and Indians?

You all should stop throwing grammar and face reality, there is no nation in this world that imports 90% of what they consume and still progresses, if I'm lying, list two.

We must learn to balance import and export, not advising us to continue with massive importation. THINK!!!!!!!!!!

He is simply a trained Idiot to put africans in poverty

Both are right depending on the perspective you look at it, Naomi is right, Nigeria needs to boost trade with the world just like dubai did to get the world to invest, Agbakoba is right Nigeria needs to boost local production and businesses to improve employment and productivity..

The meeting point is how these 2 parallel needs can be used to define a trade policy. How we can get more trade with the outside world and increase local businesses

chamboy:
He is simply a trained Idiot to put africans in poverty

We have few thinkers, forget about the degrees and whatever title we may have acquired in life, if we can't think properly, these certificates are useless.

Free trade will be beneficial to Africans only after we have fixed some sectors of the economy and we can compete fairly with others, believe me, once the Asians starts flooding our market with cheap goods, every local manufacturers will be pushed out of business, this will lead to more people out of job, which indirectly creates more poor homes.

Does it even make sense that Nigeria, an oil producing state imports fuel from non oil producing states? When we say policies should be made to fix these issues, these trained individuals will come out, saying how importing cheap fuel is beneficial to Nigerians.

I'm yet to see a nation that imports 90% of what they consume and still manages to progress.

Efewestern:
So they now grow crude oil? Cocoa doesn't grow in every terrain, Cement raw materials aren't found everywhere, so how can a nation get all these at once?

Importing everything we consume will impoverish us, Let's take the oil industry for example, we had to opportunity to generate billions of dollars from the sector by fixing our refineries and expanding on inbuilt capacity, we could also have flooded the West African market with our refined produce, but instead, Asians and Europeans are dominating despite us being rich in oil and gas.

Think of the millions of jobs that would have been created should we have 5 functional refineries (We already have the west African market to dominate), think of the improved standards of living etc. With importation, only few benefits at the detriment of millions of people.

Reason this out.

You don't understand what you replied. Crude oil is part of what we are supposed to be exporting. With Cocoa, we export cement already. But things like rice and other petty products are also to be allowed in, while we can also export yam, sweet potato, onions and others. This life is give and take.

Government is supposed to face our refineries, since we have cocoa, they should look into that too. That's the best way to make more from what we have, not closing borders against things we can't produce conveniently.

Efewestern:
We have few thinkers, forget about the degrees and whatever title we may have acquired in life, if we can't think properly, these certificates are useless.

Free trade will be beneficial to Africans only after we have fixed some sectors of the economy and we can compete fairly with others, believe me, once the Asians starts flooding our market with cheap goods, every local manufacturers will be pushed out of business, this will lead to more people out of job, which indirectly creates more poor homes.

Does it even make sense that Nigeria, an oil producing state imports fuel from non oil producing states? When we say policies should be made to fix these issues, these trained individuals will come out, saying how importing cheap fuel is beneficial to Nigerians.

I'm yet to see a nation that imports 90% of what they consume and still manages to progress.

i think these people need more than education. Maybe we should start slapping them.

Chanchit:
You don't understand what you replied. Crude oil is part of what we are supposed to be exporting. With Cocoa, we export cement already. But things like rice and other petty products are also to be allowed in, while we can also export yam, sweet potato, onions and others. This life is give and take.

Government is supposed to face our refineries, since we have cocoa, they should look into that too. That's the best way to make more from what we have, not closing borders against things we can't produce conveniently.

dude, we can start from small. China did it, why cant we do it. Because white ppl haf confused us that we can't

The major problem with nigeria is that we dont have enough economy that traps our naira. Simply put, when a nigerian spends 10,000 Naira at least 8000 of that money is going out nigeria.

Efewestern:
So a trained Economist is okay with Nigeria's import dependent nature? Don't you know how many industries have died due to importation and the fact that we can't compete with the Chinese and Indians?

Weak ones will die and strong ones will become stronger employing and adding to the economy more than what local ones would possible achieve.

Example is the liberalisation of the telecom sector. NITEL died and stronger companies rose.

We don't need weak and incompetent local companies littering our economic space.

PHCN and NNPC need to die like NITEL for this country to move forward.

Do you know why it will be near impossible to invade SA by land?

They have a strong private military sector and the largest in the world.

Do you know in the US, individuals can set up prisons and lease to the government?

That is why they have one of the best correctional services in the world.

International economics will tell you to import every thing you cannot produce with comparative cost advantage and produce only those you can.

As an Economist my advice has always been simple.

Don't waste state resources producing any thing you cannot produce sufficiently. Import them and redirect state resources into those sectors you can produce sufficiently for yourself and the international market.

Efewestern:
You all should stop throwing grammar and face reality, there is no nation in this world that imports 90% of what they consume and still progresses, if I'm lying, list two.

Once you balance your trade, there is no harm in doing that. Just don't waste state resources on goods you don't have comparative advantage until you develops them.

Efewestern:
We must learn to balance import and export, not advising us to continue with massive importation. THINK!!!!!!!!!!

opening the border for food to flow in will crash the rising cost of food.

This means you will have extra money to pursue other priorities and it also means more disposable income for the country.

I am a Keynesian Economist to the core and we believe that one of the surest way to grow an economy is by increasing Aggregate Demand.

A nation cant achieve this with a lean disposable income.

We have comparative advantage in fuel production but we are importing them. This is an example of a bad import.

But there is nothing wrong in importing them if external investors can source forex externally to flood the market with those imported fuel.

The imported fuels competiting with our locally produced ones will forced fuel prices down.

More wins for us and the economy.

chamboy:
The major problem with nigeria is that we dont have enough economy that traps our naira. Simply put, when a nigerian spends 10,000 Naira at least 8000 of that money is going out nigeria.

Hence the need for local production of goods and services. If we produce half of the things we consume in Nigeria.... unemployment will be at 5% and naira to Dollar will be very strong, standard of living will improve.

EzeNri:
Weak ones will die and strong ones will become stronger employing and adding to the economy more than what local ones would possible achieve.

Example is the liberalisation of the telecom sector. NITEL died and stronger companies rose.

We don't need weak and incompetent local companies littering our economic space.

PHCN and NNPC need to die like NITEL for this country to move forward.

Do you know why it will be near impossible to invade SA by land?

They have a strong private military sector and the largest in the world.

Do you know in the US, individuals can set up prisons and lease to the government?

That is why they have one of the best correctional services in the world.

International economics will tell you to import every thing you cannot produce with comparative cost advantage and produce only those you can.

As an Economist my advice has always been simple.

Don't waste state resources producing any thing you cannot produce sufficiently. Import them and redirect state resources into those sectors you can produce sufficiently for yourself and the international market.


Once you balance your trade, there is no harm in doing that. Just don't waste state resources on goods you don't have comparative advantage until you develops them.

opening the border for food to flow in will crash the rising cost of food.

This means you will have extra money to pursue other priorities and it also means more disposable income for the country.

I am a Keynesian Economist to the core and we believe that one of the surest way to grow an economy is by increasing Aggregate Demand.

A nation cant achieve this with a lean disposable income.

We have comparative advantage in fuel production but we are importing them. This is an example of a bad import.

But there is nothing wrong in importing them if external investors can source forex externally to flood the market with those imported fuel.

The imported fuels competiting with our locally produced ones will forced fuel prices down.

More wins for us and the economy.

You are not a well trained economist.... you said we should import to crash prices and also increase aggregate demand. You are increasing aggregate demand for goods not produce in your country, how does that help citizens in terms of unemployment, strong naira , productivity and standard of living?
Where do you get money to import? How will it affect already existing local industries? What will be our balance of trade and payments.

Do you know how much reserves we are saving with local production of cement and now Rice? Do you know how many are employed in cement and rice productive and local milling ? Imagine all these are replicated in other sectors.

Do you Know how much we will save and how many will be employed when we start to locally refine our crude oil that we consume?

EzeNri:
Weak ones will die and strong ones will become stronger employing and adding to the economy more than what local ones would possible achieve.

Example is the liberalisation of the telecom sector. NITEL died and stronger companies rose.

We don't need weak and incompetent local companies littering our economic space.

PHCN and NNPC need to die like NITEL for this country to move forward.

Do you know why it will be near impossible to invade SA by land?

They have a strong private military sector and the largest in the world.

Do you know in the US, individuals can set up prisons and lease to the government?

That is why they have one of the best correctional services in the world.

International economics will tell you to import every thing you cannot produce with comparative cost advantage and produce only those you can.

As an Economist my advice has always been simple.

Don't waste state resources producing any thing you cannot produce sufficiently. Import them and redirect state resources into those sectors you can produce sufficiently for yourself and the international market.


Once you balance your trade, there is no harm in doing that. Just don't waste state resources on goods you don't have comparative advantage until you develops them.

opening the border for food to flow in will crash the rising cost of food.

This means you will have extra money to pursue other priorities and it also means more disposable income for the country.

I am a Keynesian Economist to the core and we believe that one of the surest way to grow an economy is by increasing Aggregate Demand.

A nation cant achieve this with a lean disposable income.

We have comparative advantage in fuel production but we are importing them. This is an example of a bad import.

But there is nothing wrong in importing them if external investors can source forex externally to flood the market with those imported fuel.

The imported fuels competiting with our locally produced ones will forced fuel prices down.

More wins for us and the economy.

so much misleading information just like the church and Anglo-Saxon Educational system. You totally spilled rubbish on here. Total Rubbish

wwwihy:
You are not a well trained economist.... you said we should import to crash prices and also increase aggregate demand. You are increasing aggregate demand for goods not produce in your country, how does that help citizens in terms of unemployment, strong naira , productivity and standard of living?

imagine, how much time he spent typing that rubbish. He could have devoted that time to something productive. We have so many misleaders like this guy everywhere.

chamboy:
dude, we can start from small. China did it, why cant we do it. Because white ppl haf confused us that we can't

Starting from small is very good but with who? People that have no strategy? People that support banditry and terrorism? No, please. If they can earn our trust, we'll know why we are suffering.

wwwihy:
Hence the need for local production of goods and services. If we produce half of the things we consume in Nigeria.... unemployment will be at 5% and naira to Dollar will be very strong, standard of living will improve.

Some reason I give a bit of kudos to Buhari for Boycotting Rice, tomato and milk.

I rather spend my naira on Dangote, Innoson, than on some Chinese or Whiteman products

Chanchit:
Starting from small is very good but with who? People that have no strategy? People that support banditry and terrorism? No, please. If they can earn our trust, we'll know why we are suffering.

waste of time.