₦airaland Forum

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

Kobojunkie:
IBB lied to you and me back then about what SAP was all about. Yes, he succeeded in hoodwinking Nigerians all while he looted the country blind on the back of his SAP-is-to-blame campaigns. Look at the list below to see that even 40 years later, the very same set of reforms are needed in Nigeria even today.

Also note, Obasanjo successfully implemented the list before during the last 4 years of his time in office and every Nigerian you ask would tell yo that they enjoyed that period. So, if anyone tells you these reforms are the reason why you are suffering today, that person is lying to you.

Roger3D:
■ Obassanjo didn't 'fully' implement any of these reforms.
■ Also who told you it was the same thing IBB tried selling in 1986?
■ We don't don't need these World bank /IMF reforms. We need to get rid of wastage, corruption and mismanagement.
■ Which developing country has ever implemented their reforms and has succeeded in turning around the fortunes of it's people? NONE

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?7

Please if you have answers, kindly respond...

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

MadPolitician:
Lets look at it this way; how many people are involved in rice farming in Nigeria?? Up to 100k citizens? What do they do with their excess profits? Build factories and industries? No! Create morw high paying jobs? I'm not seeing it. Or marry new wives, then go to upper and lesser hajj, maybe then buy new cars and mansions

Compare that with this;

How many people consume rice in Nigeria? Obviously, hundreds of millions of people . Its a staple that is eaten by almost every healthy Nigerian on a daily basis. That means hundreds of millions of consumers and thousands of retailers and wholesalers.

So, for how long will the government contineu to caliberate economic policies that only carter to the well being of a few thousand greedy farmers , while millions of citizens go hungry? They don't even pay taxes! I mean the socalled farmers. They just grab grab grab and grab.

And if all they do is to buy foreign commodities and properties abroad with their profits, such behaviour still instigates capital flight. If the rice farmers are not willing to drastically reduce their prices, the border should be thrown wide open for big rice imports. We should all not die because we want to help some ruthless rice farners.

Mayflowa:
In economics, that is not the only thing that drives price up. Cartel can quickly drive price up. If they all agree to sell at a price by forming a union, price will never go down

004gist:
■ Nigerians vote a nonsense leader who inflict pain then turn around to accuse traders n now farmers...

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

tensazangetsu20:
There are no economic reforms going on. Reforms should make your lives better and not worst. Do you think citizens of other countries will stand by while their lives get worst and their government claims they are reforming the economy. Nigeria is dead and buried under tinubu. I only pity children being born in Nigeria because the future is super bleak

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

MT:
Do you know what is going on in a country called ....... ARGENTINA ?

Freetech:
Simple answer

Nigeria population is less productive and more than available resources.

While Thailand was using their land and God given rain to plant rice Nigeria is busy doing nothing, but importing

Your question should be is Nigeria so lazy that it can't feed herself
Ask your economic teacher a bout demand and supply

When demand is more than supply price must go up.

Originakalokalo:
This is not time for politics..


Everyone should stand up and tell this people the truth.

mekussa:
Hasn't anyone considered the facts that the FG and (likely) some states are buying up the available rice to either share as palliative or sell for 40k?
We are in the rice planting season which means no new stock in the market. Too much money chasing too few goods will ALWAYS result in price inflation anytime, any day.

Add in low yields this year and insecurity, you'll get your answer.
I just hope this years floods came with a conscience if not, we're on a VERY LONG THING

flokii:
It's the wickedness of Nigerians you're witnessing.. Our people always want to take advantage of any situation to make excessive gains for themselves. Rice that shouldn't cost more than 45 - 50k due to concessions of FG (import duty waiver) is what some are selling for 90 - 105k.

This is why it will be very hard for the black man to develop.

Those causing this hardship by inflating prices of food items and other commodities are the same people you see in mosques praying 100 times a day, same people in the front row in churches dancing and doing all sort so people will assume they are pure and holy.

Originakalokalo:
Please, I am a bit confused...Why is the bag of Rice 97,000 and why does it keep increasing?

What is the government doing to arrest this?

Are they aware?

Is this caused by greedy farmers? Low supply? Bad policies?

Rice apart, where is the import duty removal on food?

Why is food becoming a commodity so expensive that a common man cannot afford it?

Please if you have answers, kindly respond...

Kobojunkie:
Abacha did no such thing! He simply sat back and continued where IBB stopped after he, IBB, rolled back many of the SAP reforms he had initially played with — I suspect he did it to get at IMF loans. But with the oil windfalls, rolled back the reforms... removal of fuel subsidies, devaluation of the Naira, the selling off of state-owned businesses, etc.

Paramount01:
Na waoo,you people's thinking sha,are you aware tax has been removed from rice and the rest?

ceejayluv:
■ And All that was 'nothing'?

Originakalokalo:
At this point, I think opening the border should be top priority.

advanceDNA:
Unless the Federal government unfloats the currency ..rice will become 200k before the ens of 2025......

Even great China doesn't run a free floating currency.....even the United states subsidizes petrol..........but Nigeria that runs a heavily import-reliant economy thought it will be okay to float it's naira...
.....all for what?? To return IMFs money so that they can have more allowance to borrow for the rulling class to live in luxury....
. In summary...the masses are paying heavily for excesses of the government... If u can get out of Nigeria......get the fvck out because it will only get worse

Blazetrailer:
Told people this more than a year back(around August 2023), then bag of rice was just about 48k. It is now double and it is getting worse. They dont know the damage he has done ti the econonmy yet.
Get out now if and when you can

Originakalokalo:
At this point, I think opening the border should be top priority.