Yes. That's because you refused to TAKE RESPONSIBILITY. ..

All u do is to trade blame.

TAKE RESPONSIBILITY.

If there were to be excesses of this produce, FG wouldn't be seeking alternative outside

bonechamberlain:
there is a friendly business environment in agriculture especially diary cattle, that's why the FG recently opened the doors to import diary product.

Taich:


No it wasn't a contraband, just that the banks/CBN will not approve your form M, so importers have to source fx from black market, this was before the floating of the Naira.

Yea I know it's not contraband, but restrictions caused the scarcity and high cost of the product

Artscollection:
Open seme abeg

So that you will continue your smuggling.

Vision101:

So that you will continue your smuggling.

It is better than looting the nation's treasury so focus on those looters

Artscollection:


It is better than looting the nation's treasury so focus on those looters

Both are economic saboteurs

yommen:


Guy! How many people are employed in the rice industry in Nigeria to justify the 80k price and make 200 Million people suffer? Sincerely, there is no justification in that.

How does the number of people employed in any industry justify the price of what that industry produces?

And what is the farmer of rices' business whether you suffer or not?

soccerlite:


Yes in nigeria

What jobs do importation create in Nigeria?

Another policy summersault from the demonic party, APC.

Salubata:
Yes. That's because you refused to TAKE RESPONSIBILITY. ..

All u do is to trade blame.

TAKE RESPONSIBILITY.

If there were to be excesses of this produce, FG wouldn't be seeking alternative outside

hope you have started producing Mr responsibility.

You are a legend .. 😂 lolYou are a legend .. 😂 lol...

MrGerald:
Yea I know it's not contraband, but restrictions caused the scarcity and high cost of the product

.

No the maths is not adding up. Before now, to process Form M in Cbn was roughly 500 to a dollar while black market was at 700, that means to import Dairy product you have to go to the black market at 700 where as it would have been cheaper through the banks if not for the ban. But now that the exchange rate in the bank and black market are same, how can it help to reduce the price if Cbn is processing form M for dairy import? Infact it will even be more expensive when you factor in the bureaucracy involved in obtaining form M.

budaatum:


What jobs do importation create in Nigeria?

You should know

budaatum:


Why would they employ when you don't pay enough for the crops they grow?

The real issue is that we are backward in agricultural technology. We are still depending largely on peasant farmers in this modern age.

Taich:
.

No the maths is not adding up. Before now, to process Form M in Cbn was roughly 500 to a dollar while black market was at 700, that means to import Dairy product you have to go to the black market at 700 where as it would have been cheaper through the banks if not for the ban. But now that the exchange rate in the bank and black market are same, how can it help to reduce the price if Cbn is processing form M for dairy import? Infact it will even be more expensive when you factor in the bureaucracy involved in obtaining form M.

If you're using form m standard you're not getting it, most of the importers would get fx from bm and then direct their goods to neighboring countries like Benin port for cheaper duty then into the country. Those who depend on fg and CBN, form m at that rate cantcrash the price, forget abt their talk

BABAawoo47:
he met dollar at 700 black market and 450 official. Bro doubled that and youre saying welldone