₦airaland Forum

If at all there is reduction, i think it is because FG imported 100s of thousands of bags recently

Biodun556:
If at all there is reduction, i think it is because FG imported 100s of thousands of bags recently

Such a bad thing, if true.

Saga16:
Such a bad thing, if true.

why is it a bad thing

RealLordZeus:
why is it a bad thing

I'm being sarcastic.

Saga16:
Such a bad thing, if true.

It is not bad, it is done to force rice farmers to reduce price

We've always read it online but a visit to the market always say otherwise.

Let's hope it's true this time

Biodun556:
If at all there is reduction, i think it is because FG imported 100s of thousands of bags recently

Nigeria shall be free from the bondage of international conspiracy. Tinubu refuses to introduce price control, insisting on market forces by increasing the supply side of the economy to force down the prices and it’s now yielding dividends.
Dangote has crashed the ex- depot price of pms to deal a crushing blow on the major marketers for their insistence on continued importation of refined petroleum products, despite local alternatives.

Adblg0610:
Nigeria shall be free from the bondage of international conspiracy. Tinubu refuses to introduce price control, insisting on market forces by increasing the supply side of the economy to force down the prices and it’s now yielding dividends.
Dangote has crashed the ex- depot price of pms to deal a crushing blow on the major marketers for their insistence on continued importation of refined petroleum products, despite local alternatives.

It is also aimed at dealing with dangote, if not petrol would have been 1500 per liter

saintmm:
We've always read it online but a visit to the market always say otherwise.

Let's hope it's true this time

A derica of rice that goes for 1400 last month is now 1k in lagos.

Paint rubber of rice before was 6500 but 5000

Paint of beans in December was 9k-13k but now is 4500-9k.

Price in sabo ikorodu market lagos.

Bobodee09:
A derica of rice that goes for 1400 last month is now 1k in lagos.

Paint rubber of rice before was 6500 but 5000

Paint of beans in December was 9k-13k but now is 4500-9k.

Price in sabo ikorodu market lagos.

True

Still 1,200 in my area. Still high but it has reduced

Adblg0610:
Nigeria shall be free from the bondage of international conspiracy. Tinubu refuses to introduce price control, insisting on market forces by increasing the supply side of the economy to force down the prices and it’s now yielding dividends.
Dangote has crashed the ex- depot price of pms to deal a crushing blow on the major marketers for their insistence on continued importation of refined petroleum products, despite local alternatives.

Importation of PMS by oil marketers is good for Nigerians so as to kill off dangote's monopolistic tendencies in oil sector. If not so the same thing that happens with cement will happen with PMS.

Adblg0610:
Nigeria shall be free from the bondage of international conspiracy. Tinubu refuses to introduce price control, insisting on market forces by increasing the supply side of the economy to force down the prices and it’s now yielding dividends.
Dangote has crashed the ex- depot price of pms to deal a crushing blow on the major marketers for their insistence on continued importation of refined petroleum products, despite local alternatives.

They will always blame others for their calamitous economic decisions

seunowa:
Importation of PMS by oil marketers is good for Nigerians so as to kill off dangote's monopolistic tendencies in oil sector. If not so the same thing that happens with cement will happen with PMS.

Yes

Dangote pressured Tinubu to stop importation but he blatantly refused

saintmm:
We've always read it online but a visit to the market always say otherwise.

Let's hope it's true this time

Saint, abeg dash me something let me eat🙏

Saga16:
Such a bad thing, if true.

How is it a bad thing? Anything to alleviate hunger is good

Bobodee09:
A derica of rice that goes for 1400 last month is now 1k in lagos.

Paint rubber of rice before was 6500 but 5000

Paint of beans in December was 9k-13k but now is 4500-9k.

Price in sabo ikorodu market lagos.

I don't live in Lagos and people living in the city I live can relate.

Biodun556:
If at all there is reduction, i think it is because FG imported 100s of thousands of bags recently

Hehehe e don enter “if at all ?”

On ya mandate jare stop talking nonsense

Biodun556:
If at all there is reduction, i think it is because FG imported 100s of thousands of bags recently

You APC workers are just extraordinarily daft that makes you think that every Nigerian is like you too.

Price of rice is still very high as usual.

Biodun556:
Yes

Dangote pressured Tinubu to stop importation but he blatantly refused

Stop the lies na.

Everywhere in Nigeria rice is still very costly

Adblg0610:
Nigeria shall be free from the bondage of international conspiracy. Tinubu refuses to introduce price control, insisting on market forces by increasing the supply side of the economy to force down the prices and it’s now yielding dividends.
Dangote has crashed the ex- depot price of pms to deal a crushing blow on the major marketers for their insistence on continued importation of refined petroleum products, despite local alternatives.

What you're saying is contradictory.

Do you think Dangote is crashing the prices of his refined products because of me and you? It's because of stiff competition from imported products.

Import bans cause more damage than good. Countries do best when they focus resources on areas they have competitive or comparative advantage.

Dangote prefers protected markets so he can make obscene profits.

If he went into lithium or gold mining, he would make a killing and also generate massive amounts of foreign exchange as well.

Biodun556:
If at all there is reduction, i think it is because FG imported 100s of thousands of bags recently

I don't think so, I live at boarder area in Ogun State. The rate at which smugglers are smuggling rice through Cotonou, Imeko to Abeokuta is too much. As I am typing this, thousands of cars loaded with rice are heading towards randa, Lanfewa market in Abeokuta. Customs didn't stop them or cease any of their goods

SheikhMuniru:
I don't think so, I live at boarder area in Ogun State. The rate at which smugglers are smuggling rice through Cotonou, Imeko to Abeokuta is too much. As I am typing this, thousands of cars loaded with rice are heading towards randa, Lanfewa market in Abeokuta. Customs didn't stop them or cease any of their goods

Tinubu also ordered 200,000 thousand bags from Thailand recently

Hmm,
And dey say "what goes up in naija no dey come down"🤔

Biodun556:
Tinubu also ordered 200,000 thousand bags from Thailand recently

Has the 200,000 bags delivered to the country?

SheikhMuniru:
I don't think so, I live at boarder area in Ogun State. The rate at which smugglers are smuggling rice through Cotonou, Imeko to Abeokuta is too much. As I am typing this, thousands of cars loaded with rice are heading towards randa, Lanfewa market in Abeokuta. Customs didn't stop them or cease any of their goods

Actually, the Agric Minister said the FG did not carry out any large-scale rice imports. I suspect they’ve lifted the ban on land border imports, as rice seems cheaper around the border areas. By the way, the FG should leave no room for a monopoly in fuel supplies—fuel imports must continue, or we’ll end up with the cement situation. They also need to significantly reduce the import duty on cement, as it's much cheaper compared to local producers, in order to reduce input costs in housing.

seunowa:
Importation of PMS by oil marketers is good for Nigerians so as to kill off dangote's monopolistic tendencies in oil sector. If not so the same thing that happens with cement will happen with PMS.

Some of you go on and on about this "monopolistic tendency" like it isn't the vacuum created by the Federal government in fixing our local refineries that got us here where a single man can hold us by the jugular! Put the blame where it should and let Dangote be!

He is a business man and not a father Christmas! An African country invited him to come "monopolize" their petroleum sector recently because he is doing what a government should do!

If not for Dangote our local refineries that the likes of Obj and co told us were scrap and should be sold for dirt cheap won't be revived! So, he took the risk of investing in that sector and today we are better for it.

Marketers have been importing and we used to have fuel scarcity with the arbitrary price fixing by this marketers but today there's competition in that sector with the coming in of Dangote.

He could monopolise everything and somehow his tomato paste died before it started?

A quick run through a couple of village markets yesterday shows price of many things are still upbeat so all this reduction I don't know if it from a warehouse you people get them

Rebelutionary:
Some of you go on and on about this "monopolistic tendency" like it isn't the vacuum created by the Federal government in fixing our local refineries that got us here where a single man can hold us by the jugular! Put the blame where it should and let Dangote be!

He is a business man and not a father Christmas! An African country invited him to come "monopolize" their petroleum sector recently because he is doing what a government should do!

If not for Dangote our local refineries that the likes of Obj and co told us were scrap and should be sold for dirt cheap won't be revived! So, he took the risk of investing in that sector and today we are better for it.

Marketers have been importing and we used to have fuel scarcity with the arbitrary price fixing by this marketers but today there's competition in that sector with the coming in of Dangote.

He could monopolise everything and somehow his tomato paste died before it started?

Let me correct you on the notion that dangote's refinery resuscitated Nigeria local Refineries. That narrative is nothing but a big fat lie from the pit of hell. Dangote never did but reforms initiated by Federal government in the oil and gas sector such as passage of PIA and deregulation did.If federal government continues with the old systems in the oil and gas sector dangote refinery will never come to fruition and neither would Nigeria Refineries.

Also passed your blame to your saint Obasanjo and goodluck Jonathan who for many years intentionally left the Refineries moribund but resorted to spending billions in terms of dollars on turn around maintenance which never saw the light of day. What to happen to the money for the projects? Embezzled by the same governments.

Encomium must be given to Mohammed buhari and Bola Ahmed Tinubu for seeing the Refineries came to life. It is a landmark accomplishment for formulating policy frameworks that not only brought back life to our dead Refineries but also gave birth to enabled environment in the oil and gas sector which allowed for much investment and these give rise to dangote refinery and his likes. And in order not to undermine the gains, Federal government would need to ensure competition fosters among various stakeholders in the sector so as not to put the whole country energy security in the hands of one man who is monopolistic in nature

SalamRushdie:
A quick run through a couple of village markets yesterday shows price of many things are still upbeat so all this reduction I don't know if it from a warehouse you people get them

Which village market?

You know, all you ever do is complain.

Saga16:
Which village market?

You know, all you ever do is complain.

You cannot come here and say prices of food are crashing and I go to the village market and nothing reduced and yet you want to to keep quiet and praise y'all?

If the economy is good will I complain, if APC is performing instead of peddling lies will I complain?