₦airaland Forum

BlocksNG:
balablu is just waking up, nkan ti baje already.

BlocksNG:
Nigeria currupt system won't allow me to, no hope for common man.

Krankhead:
Continue wailing and crying. All your mated are making good use of the system

Kewtt:
That common man is the problem with Nigeria

KennethOkonkwo:
It's not that easy!
Economics is not jus 2+2=4


I pray you become president one day!

edogu:
Let's hope it will translate to reduction of prices of imported goods.

kingi777:
Meaning customs are part of the reason for highcost of things in Nigeria.

PressMyButton:
You're a joke, a very big joke. You guys just sit behind your phone spewing trash. Would you rather we encourage excessive importation at the detriment of the naira?, knowing the much lower the custom rate, the more pressure on the dollar. At this point, we can't afford too low custom rate while stabilizing the naira, else it will be counter-productive.

commoditiesnig:
Good point! We need to do more export than import

PressMyButton:
You're a joke, a very big joke. You guys just sit behind your phone spewing trash. Would you rather we encourage excessive importation at the detriment of the naira?, knowing the much lower the custom rate, the more pressure on the dollar. At this point, we can't afford too low custom rate while stabilizing the naira, else it will be counter-productive.

ogaontop:
You've come again with your upside-down economics, when it was at the peaks, what and what did we produce and export?
See, till today, there is no substitution for those things we import! More production companies are even closing up due to high costs and unfavourable policies.
Finally, bookmark this, before ending May, the custom duty will go below N1,000.
You did prove you're more economist than the CBN governor and the economic team!
The increase in the duty is more of revenue generation. Customs has generated about 1.5 trillion in the first quarter of the year!! More than 10% of the budget is being funded by the Customs.

shuttox:
It is still high

735i:
The effort should be on completely removing export bottlenecks.
What you don't realize is that it's easier to import into Nigeria than it is to export out of Nigeria.
Also, in reality, customs shouldn't be focused on generating revenue. How can a gatekeeper be charged with generating revenue?

Easywrite:
Thats common sense reduction. Dollar is falling, it should reflect across the economy including custom charges.

PressMyButton:
You're a joke, a very big joke. You guys just sit behind your phone spewing trash. Would you rather we encourage excessive importation at the detriment of the naira?, knowing the much lower the custom rate, the more pressure on the dollar. At this point, we can't afford too low custom rate while stabilizing the naira, else it will be counter-productive.

PressMyButton:
You're an illiterate, an economy that is battling with forex shortages, inflation, must control importation and that's what CBN is doing.

PressMyButton:
You're a joke, a very big joke. You guys just sit behind your phone spewing trash. Would you rather we encourage excessive importation at the detriment of the naira?, knowing the much lower the custom rate, the more pressure on the dollar. At this point, we can't afford too low custom rate while stabilizing the naira, else it will be counter-productive.