Imagine if GEJ had done this?
Can BAT shutdown OANDO owned by Tinubus for collecting billions in $$ and selling fuel at prevailing market prices?
Can he shutdown Heyden Energy owned Gov Dapo Abiodun for collecting $$$ bn in subsidy and selling fuel at prevailing market prices??

Tonididdyx:

Unku firstly me and you nor dey share country.
I don't know tinibu or Peter.
Na simple business address I dared you to post, you don dey wave

Ezi ná ulò gi bu ùnkwu.
Gbo gbo family yi ni nku
Gidan ubanka, shi ne unku

Drop your phone number make I visit you.

nlfpmod:


Atedo Peterside

Previous thread https://www.nairaland.com/8002490/fg-seals-off-sahad-store#128482783

Criminal minded investors are not wanted

castiello:


Most of you investors are greedy wicked and non patriotic all you care about is money. You don’t have the country at heart even the Bible recommended you to find the prosperity of Jerusalem and nigeria is our Jerusalem all those who seek her prosperity will prosper I am a service provider and it’s on record I am the most considerate provider in my domain and I am contented and happy with my decent profit

You have the country at heart and you voted for BAT. This is where it has brought us. You protested during Jonathan's regime when bag of rice was 8k. Now that's 77k, you've all gone back to your shells and you come here to talk about domain?

tony0806:


Ezi ná ulò gi bu ùnkwu.
Gbo gbo family yi ni nku
Gidan ubanka, shi ne unku

Drop your phone number make I visit you.

I like men of their words... Clearly you're a chicken.
Nobody said don't make profit crookedly but don't rub it in people's faces because people are angry.
Enjoy your share of the spoils...!....bevause laidlis, I get people wey need that your warehouse address badly b4

No capping!

004gist:


If government continues like this then in few month's to come prices will triple the more.
There are wholesalers who supplies retailers from the their warehouses.
They stocked this warehouse in millions and sell to market women little by little.
Attacking this people is like attacking the supply chain. Nigerians will pay for this in few months to come from now

Apt.
It doesn't even make sense but many people not having an understanding of how things work are quick to support the government which is just a very short term benefit.

When we all should hold government accountable and make them get to work.

BennyDGreat:


You really don't know what's happening.

Those people who government claim are 'hoarding' are business people into storage business.

They are not the problem.
The problem is politicians leaders that have refused to work on the insecurity problem making farmers run from the farms. That's the true problem.

They are the problem, is it the farmer that will grow cement for you, or cooking Gas. These people are creating artificial scarcity in order to increase prices

Very Useless people. As long as it affects them, they will be swift to speak out.

Lovenorth:
Shut up if you don't have reasonable thing to say. There are a lot of useless people in Nigeria

mrrandomguy:
I won't be surprised if all this challenges Nigeria is facing is sponsored by these bankers. Peter Obi himself is a banker.

Not even only him, political oppositions are responsible for it. It is a strategy they plan to ride on to power come 2027.

But the question is, do these politicians pity the masses that are affected at all.

Lanre1st:


They are the problem, is it the farmer that will grow cement for you, or cooking Gas. These people are creating artificial scarcity in order to increase prices

Let me explain something to you:

These people with these warehouses have been in business for a long time, doing this storage business.

The scarcity of food isn't caused by the warehouses.
It's caused by lack of enough farmers on the farm due to insecurity.

What you call artificial scarcity is people doing their normal storage business. It's the scarcity of food that's driving the cost upwards not the warehouse owners.

That storage business in itself is risky especially when farmers are in full operation. Their stored produce may not yield much profit.

BennyDGreat:


Let me explain something to you:

These people with these warehouses have been in business for a long time, doing this storage business.

The scarcity of food isn't caused by the warehouses.
It's caused by lack of enough farmers on the farm due to insecurity.

What you call artificial scarcity is people doing their normal storage business. It's the scarcity of food that's driving the cost upwards not the warehouse owners.

That storage business in itself is risky especially when farmers are in full operation. Their stored produce may not yield much profit.

Ok listen if you want to hear.

Storage is for excess of food, not when it's never enough. Since there is shortage of it in the country now, this is the best time for them to sell.

Politicians are stupid, hoarding goods to cause problems in the name of storage, the same thing with hoarding of dollars to cause scarcity. 2027 is still far, they should let citizens live

nlfpmod:


Atedo Peterside

Previous thread https://www.nairaland.com/8002490/fg-seals-off-sahad-store#128482783

The government is diverting the attention of the simple.minded to think that anybody other than the government is responsible for the hardship. Economoc Commentors, journalist, and even the very impoverished people crying out loud of hardship. They say the hungry people wailing for food and frusterted about the economy are demarketing the country. They are making victims people whose business is struggling and have become uncertain due to the very policy the govt deployed,

It still baffles me how anybody can believe this and fall for it.. What has the govt done to help the people. Can someone tell me?? Anything to ease the suffering of people.

Let's focus on the real problem. Who has enough money to buy enough food. By the time they finish selling what they have, what will be left, if current economic hardship persist.

Farmer can't go back to farm, and the country is dependent on import and fx is at a runaway rate. Think, how will clamping down on these folks help the situation. Another case of tackling the obvious symptoms and leaving the root cause.

Can the foreign investors accept hoarding in their own countries. Hoarding of essential food items is a crime in any country

lexy2014:


but you claimed that

1. if that is your take, is Dangote doing anything different from the people that you are happy that their businesses are being sealed by the government?

2. how is the Nigerian economy 50% Dangote?

3. how did you arrive at your 50%?

4. you did not answer my question....why did the government not crackdown on banks even after accusing them of hoarding dollars?

Whatever you say sir leave Dangote out of it.
Remind me again who is the second largest employer of labour in Nigeria.

His refinery is about to kick start INJECTIONS into our country.
Something no government has been able to do, all their refineries have ended up with LEAKAGES.


The house you are currently typing from I can bet it was built with Dangote cement.
Should we mention the food you eat too? Who dey make am?
And you somehow think such a man would be subject to policies like a farmer keeping tin tomato in warehouse.

Bros don't ask me about any 50% o

ViceGovernor:

Whatever you say sir leave Dangote out of it.
Remind me again who is the second largest employer of labour in Nigeria.

His refinery is about to kick start INJECTIONS into our country.
Something no government has been able to do, all their refineries have ended up with LEAKAGES.


The house you are currently typing from I can bet it was built with Dangote cement.
Should we mention the food you eat too? Who dey make am?
And you somehow think such a man would be subject to policies like a farmer keeping tin tomato in warehouse.

Bros don't ask me about any 50% o

thats not what I asked. you have not answered my questions. kindly answer as enumerated.

you claimed that

ViceGovernor:

But the prices of food is at an all time high.....never in the history of Nigeria has food been this expensive since it's about profit for them why are those hoarders still keeping food in warehouses.

They are the ones jacking up the price because of excess greed.
It's a good thing government is stepping in now.

1. if that is your take, is Dangote doing anything different from the people that you are happy that their businesses are being sealed by the government?

2. how is the Nigerian economy 50% Dangote?

3. how did you arrive at your 50%?

4. you did not answer my question....why did the government not crackdown on banks even after accusing them of hoarding dollars?

Lol ,very soon this man will start chasing market women to snatch their basket of tomatoes .

What is the meaning of hoarding?
If someone buys a warehouse load of food and stores for his own use whenever and however he deems fit, I don't think that's hoarding.
But if food stuff meant for public consumption is hidden and stored for a few peoples selfish interest then that should be purnished.

Tonididdyx:


I like men of their words... Clearly you're a chicken.
Nobody said don't make profit crookedly but don't rub it in people's faces because people are angry.
Enjoy your share of the spoils...!....bevause laidlis, I get people wey need that your warehouse address badly b4

No capping!

Drop your contact Mr. Man

No too much talk.

Uyi168:
...
Nigeria government will leave real issues and be chasing shadows..

The problem was never availability, rather affordability..

Stabilize the Naira
Encourage agriculture
Improve security..

Small small,we will get there..

That is what is still missing in Tinubu's govt
As long as politicians and the governors' Monthly allocation has crossed Trillion naira, the naira cannot be stable, these people are the major buyers of forex, how many businesses can survive importing raw materials at N1537 to a dollar, sell in naira and make profit?

Tackling insecurity and the implementation of massive mechanise Agriculture are the two surest ways to get Nigeria out of the woods.

Dollar may reach N2000 before easter if care is not taken, the neighbouring countries are no longer interested in farming because the food is ridicoulusly cheap in Nigeria now at N2,500 to 1000cfa!

mrrandomguy:
I won't be surprised if all this challenges Nigeria is facing is sponsored by these bankers. Peter Obi himself is a banker.

No be trader again

albert2512:


Bro, this food scarcity is due to hoarding by politicians. They initially were buying every single grain found in Nigeria through agent and export it directly to Niger, Cameroon etc too recover their money with the intention of blackmailing the government. Customs cracked down on them and they started storing it up. Government is trying to hit at something, let stop bringing ideal case scenario. The targets are not 1 or 2 trucks stores but huge storage. Everybody should open up and start selling. Nobody is losing.

This shows clearly that the politicians are extremely corrupt. They don't know the purpose or reason why they were made leaders, only embezzlement and Looting fill their brain. One of the reasons naira is tanking.

PHIPEX:
Very shameful. Thos is the worst I never thought will happen.

When are they going to crackdown on Dangote cement for the hike in price?

When will they crack down on flourmill, Indomie factory and all the multinational FMCGs whose product's prices have trippled in recent months?

Very shameful of whoever is leading the so called crackdown. Its the height of economic ignorance. If production of any goods is surplus, the price will drop. You don't go about chasing poor men who used their hard earned money to buy their goods

My friend,

Rapid devaluation of naira led to high costs of production, which in turn lead to high prices of goods and services

This rapid devaluation also lead to the very high inflation of 30%

Kapish? Una dey hear? Do you understand?

In some countries in Africa the prices of goods and services has been almost the same ever since 2004 because the value of thier currency have been well maintained in a stable manner by their prudent govt.

Hording food while your country men and women are hungry is a criminal offence..

Warehouses are where they should go, not stores. Some people misunderstood the assignment or it's a political hit job. Warehouses should be busted eminent domain style and market value compensation paid to owners. The govts need to put out bounty on information on goods hoarded. And yes the govt can do that if your goods was allowed to clear on time after they got import licenses to bring food to the country for consumers. The same food mafias are responsible for blocking other people from getting the import license and will have their agents pour water on rice and sugar that people who are not in their clique bring to the country.

The dollar accounts in banks too should be converted to Naira with immediate effect, we will go back to dollar accounts when the country gets out of the ditch it's in.

Of course! It is an act of war everywhere.
It's a form of food blockade.

idealogical:
Hording food while your country men and women are hungry is a criminal offence..

tony0806:
100% correct.

As a business man that chose to invest in foodstuffs just like ANY OTHER BUSINESS MAN. When price of foodstuffs were low, I used my hard earned money to buy them in bags and stored. And when prices are higher, I bring them out to sell.

And you open your dirty mouth to say i am "hoarding"? Come to my ware house let me tell you something first!

Thieves!

Why would you hoard when you can as well sell on the current market price, take your gain and go back for another trip of business. But you will prefer to hoard so as to create artificial scarcity. Are you not greedy so? Are you not wicked? Does wickedness not run in your blood? Please be human for once and stop being demonic.

idealogical:
Hording food while your country men and women are hungry is a criminal offence..

no leave them o,
This regime talk say Nigeria must run a perfect subsidy-less capitalist system driven by market forces of demand and supply in the midst of frightening large-scale corruption, ultra low salaries and wages made more useless by near hyperinflation and devaluation.

So why dem dey intervene now?

ycat:
Warehouses are where they should go, not stores. Some people misunderstood the assignment or it's a political hit job. Warehouses should be busted eminent domain style and market value compensation paid to owners. The govts need to put out bounty on information on goods hoarded. And yes the govt can do that if your goods was allowed to clear on time after they got import licenses to bring food to the country for consumers. The same food mafias are responsible for blocking other people from getting the import license and will have their agents pour water on rice and sugar that people who are not in their clique bring to the country.

The dollar accounts in banks too should be converted to Naira with immediate effect, we will go back to dollar accounts when the country gets out of the ditch it's in.

I don't know why all these people in Government don't want to do their work. They are just dragging their feet. It is painful that those elected don't really understand why they are in government. They think they are just there to enrich themselves, fill their pockets with wealth and riches of the nation.

Agbegbaorogboye:

These zombies will never cease to amaize me
Just few weeks back y'all were accusing Nigerians if not exporting enough as the reason for fall in naira value
Today it's to stop every form of food export as the solution to the spiralling inflation


Zombies una so dis one

What did you know empty skull , the export is illegal because most of the transactions do not pass through the bank, and illegal export has no positive impact on the economy . It's a black market don't you know that Nigeria has the largest black market in the world. Black market only enrich the few and that's why these big men sponsor banditry to divert the attention of the government and crrate fair among the locals to exploit them

Most Nigerians are very wicked.

badoh:

Trash as usual.

Dollar is headed towards 2k

Na so una use build Lagos?

WorkaholicB:

Why would you hoard when you can as well sell on the current market price, take your gain and go back for another trip of business. But you will prefer to hoard so as to create artificial scarcity. Are you not greedy so? Are you not wicked? Does wickedness not run in your blood? Please be human for once and stop being demonic.

You can't detect for me when to sell MY PRODUCTS. Then after I sell mine because of scarcity, how do I restock? At what price will I buy the new stocks? You're already demonic for putting your eyes on my product because of scarcity. It's called holy/spiritual greediness