Eniitankorede:




NNPC is the only sole importer of petroleum products. It was during Jonathan era that every crook was importing or stealing our money.

lansile:
This is less than one-chance, this is half-chance. No import restriction? Alright, keep your dangerous ambition to yourself oo. Without import restriction we will be nothing but a vulnerable country as all kinds of business e.g drugs can flow anyhow.

ElSudani:


China produces more than six million tonnes of cassava every year. That is not bad for a country that doesn't eat cassava as much as we do. I did mention weather and soil if you care to read my reply to you.
Rice is a staple in the Chinese diet and they produce it more than any other country in the world. If Nigerians want to eat rice as well and they have the weather and the soil to support it the smart thing to do is to grow it themselves, unless you are trying to tell me rice cannot be successfully grown in Nigeria. That of course will be a lie.

tctrills:

You are so wrong. Let me reverse your question. If you are Apple and you want to set up an Iphone factory in Africa. Would you prefer a country we zero import duties, where you can bring in parts, tools, machinery and other needful things without cost. Or would you choose a country where your production cost would be increased by import duties?

baretalk:

We have a single forex rate listed by all banks and regulated forex dealers, the multiple rates is caused by non regulated forex dealers. What you are talking about is superficial. The real issue when it comes to earning foreign exchange is exporting more, period. This is the balance of payments theory, this is the bottom line, you keep importing you won't earn foreign exchange, you buy more. Obi uses technicalities and ambiguity to deceive you half learned people. These BDC operators won't flood the market with dollars, if we don't earn dollars as a nation, how will the operators get dollars to sell?

They don't print dolars, the other way is foreign receipts, foreign exchange sent in by Nigerians abroad. You can't blame anyone for the unregulated foreign exchange black market dealers, they have been there, though I agree they should be shut down, everyone knows the black market causes the multiple rates, but eliminating this won't increase the naira, it will only give us a single rate. Am talking of earning foreign exchange, you only do that through exports, or by foreign exchange sent in by Nigerians abroad. Stopping black market operators won't increase the value of the naira. You contradict yourself like Obi saying exporters will flood the market, but at the same time supporting removing importation restrictions. Obi can only deceive half baked people like you. We need importation restrictions and more exports to increase our currency value. No wonder obi got a Pass not too sound.

Perfectbeing:
Answer my question first. As a Nigerian would you produce or you'd import?

Kasssandra:


I am criticising his plan to librealize the forex market from the word go. It sounds nice, but the fact is, we are not earning enough forex, beofre we even talk about corruption, stealing of crude, and round tripping theft.

Plus it is going to take a while for us to be a producing nation for export...and i mean manufactured goods.

Finally, one way we can earn more forex is by removing subsides on petrol and power. Which you obidients mostly do not want (Obi wants it).

Eriokanmi:
I differ cos I'm an exporter. You can only be in our shoes to understand this man's policies. Otherwise, it would just be like someone talking jargon to you.

tctrills:

You are wrong. Nigeria even with non mechanized farming is number one in cassava production. On the other hand, our government has invested so much into rice with only negative result. It Nigeria would export cassava and other crops we easily produce and in return import rice and wheat without import duty, it's a win win for the Nigerian people.

ElSudani:


Wrong about what? That cassava can do well even in poor soil? I didn't say Nigeria is not the leading producer of cassava in the world. But not every crop is as hardy as cassava which you can do well in poor soil and with little care.
Rice production is not exactly like growing cassava.

tctrills:

We need both. We can't do without both. The iPhone is not produced in the US.

ATLIEN2027:
Promises, Promises, promises..
MOFO just making promises left and right. Shit he couldn't do in 8 years as Governor but now promising do it all.
Pandora pathological liar Obi tuary must think that we are as brainless and clueless as his Zombidient followers.

Barryseal:

Good on China if they produce cassava but still doesn't negate my point. Countries have competitive edge in certain agro product. Unless you want to believe Nigeria can be self sufficient in every product, which will be wrong and myopic.
For me, if we had edge in rice cultivation, imported rice with the logistics therein and tax shouldn't cost x2 lesser than home grown rice. It doesn't make economic sense to enrich a few rice farmers to the detriment of the entire country.

Perfectbeing:
Even if Tinubu brings out a more superior economic plan (of which producing agbado and cassava is one of them) you'd still not support him.

Perfectbeing:
IPhone is produced in China. Did China restricted their import before dem dey where dem dey now?

Kasssandra:


And what is his superior economy plan?

Especially as he is a member of a party that has made a hash of the economy in the last 8 years?

tctrills:

Actually, China has some of the biggest free trade zones in the world. Most of their industries are in the free trade zones. Also, China has multiple free trade agreements with many nations. Infact China would love to have free trade agreements with every single country.

Perfectbeing:
Producing agbado and cassava is much more better than removing import restrictions.

tctrills:

Not really, we have been producing Agbado and cassava for more than 100 years now and things keep getting worse.

Perfectbeing:
Did China became where they are today by opening up her borders as a dumping ground for the world?

Perfectbeing:
We've not produced to the extent Tinubu envisioned.

nlfpmod:

This right here would reduce cost of import’s, balance our ever increasing exchange rate, encourage manufacturing and bring in foreign investments.

Udo diri gi de de OBI !!!!!

https://twitter.com/PeterObi/status/1577948213998493701

tctrills:

You use funny words, dumping ground. Actually China was literally the worlds dumping ground less than 8 years ago. Waste and refuse from Europe and America used to be exported to china.

But then, Nigeria always had import duties. How did it grow our industries. We currently have more failed industry than anywhere in Africa.
You don't need to go to China for examples we here in Nigeria have import duties and we see it has not grown our industries.

tctrills:

It doesn't matter, we are number 1 in cassava in the world.

ElSudani:


I didn't say Nigeria can be self sufficient in every crop. But yes, Nigeria can be self sufficient in rice production and even have a lot for export.

Perfectbeing:
IPhone is produced in China. Did China restricted their import before dem dey where dem dey now?

FreeStuffsNG:
Typical container economy ideology.smh.

I am not surprised at all. Someone already predicted this about HE Obi because Obi needs to keep importing foreign goods for his import business and supermarkets.


Little wonder he has nothing tangible to use to campaign for his 8 years in office as Anambra governor.


For the uncouth Igbo youths defending container economy,please go and look at the export side, if you see the export side of non-oil sector of Nigeria and where they come from in Nigeria ehn, you will never consider Igbo container economy as progress and never wish Igbo continues to be a dumping ground.

Check our foreign direct investments(FDI) too( screenshots of leading fdi states for both Q1 and Q2 2022 are below) and you will not see any SE states at the top 2 so these container economy is not it at all and not progress in the absence of FDI.

While SE is taking containers, Lagos,alone takes over 70% the FDI in billions! Apart from Anambra which is still very very low due to this container economy mentality and insecurity, all other SE states attracted zero fdi so far this year

Below is jiust the agricultural sector alone, watch cocoa from the SW and Sesame from the North with Jigawa the highest producer, doing multiple times the other agric ptoducts and bringing in forex into Nigeria and not destroying the environment or bringing in toxic contents.

I completely disagree with your suggestion that container economy is what Igboland needs.

Top priority for SE, and I agree with Prof. Soludo , is responsible parenting because most parents in Igboland have abandoned their responsibility of raising disciplined, respectful, educated and Godfearing patriotic children, these children currently litter the social media space for ipob terrorist group and jails in Nigeria and all over the world, followed by peace in Igboland un order to stop the shedding of blood of innocent patriotic Nigerians then investment especially from other tribes and foreigners so Igboland can attract investments and talents from other places like the SW does excellently.

Asiwaju Tinubu alone brought in multibillion dollars investment into Lagos and his successors built on it.
check my signature for free stuffs!

Perfectbeing:
A woman makes over N5 billion yearly from cassava alone every year.

tctrills:

Do you know why the iphone is produced in China? All components of the iphone come in to China duty free.
The chips come in from south Korea and Taiwan, the precision equipment comes in from Germany. The design comes from the US.
The batteries run on Cobalt from Congo. All these come in duty free.

Perfectbeing:
China locked her economy for 30 years. Today China is competing with America for World power.

Guy, don't try to justify what PO said. Deep down you know he floped with that statement.

Perfectbeing:
China locked her economy for 30 years. Today China is competing with America for World power.

Guy, don't try to justify what PO said. Deep down you know he floped with that statement.

Perfectbeing:
Those were the import goods needed to boost China's production which even Nigeria does today. When Buhari locked rice import, it didn't affect fertilisers, agricultural implements, viable seeds.

Peter Obi said he will remove all import restrictions. Meaning even rice, Cassandra, fertilizers, sugar etc that we're now producing will be affected.. Nigeria will become a dumping ground for everything.