₦airaland Forum

FreeStuffsNG:
That's not how it's assessed. If you want to know, download the NBS Reports to confirm. China has a comparative advantage in manufacturing because of her huge population and cheap labor so it's not fair to limit your assessment to just finished products on supermarket shelves.

So I see all these countries ahead of China as destination for Nigerian exports. So how come all our imports are from China?
What, for example, do we import from Spain, our top destination?

FreeStuffsNG:
US trade with Nigeria has been shrinking over the years. Our money spinners are the trades with China, E.U , India and Africa. Whoever is hyping trade with US is wasting time. We should increase our trade with our good customers.

Just say our import from China is enormous, does Nigeria export goods to china

dometome:
Bro! I am into that line in my small way ok? I do that for a living, once the government put more tariff on imported goods, we increase the price. No emotions attached, No need to hate Trump. No be him tell una to destroy una own economy

Nigeria tariff on USA products hasn't changed since it was implemented I think since 2014/15. Now tell me why imported goods have witness price increase despite unchanged tariff?

LordBiden:
Salam the chief trump butt licker.

Your master trump is on the track to sending the US economy into recession.

As of yesterday over 6 trillion dollars wiped out from stock market.

His MAGA slogan will soon change to "Make Americans cry again" by the time cost of living start biting as a result of retaliatory tariffs.

Do you have nay idea how much tariff Nigeria charges on imported cars from the USA alone

FreeStuffsNG:
Just download the NBS Reports to get the details. This is why most of you need to brace up for the seriousness it takes to run government. If you run down those in government and you are ignorant of what is going on, the people in government will not take your inputs seriously because they will easily see through your ignorance.





That's not how it's assessed. If you want to know, download the NBS Reports to confirm. China has a comparative advantage in manufacturing because of her huge population and cheap labor so it's not fair to limit your assessment to just finished products on supermarket shelves.

Sir, you are the one ignorant and don't know what you talking about. I did the check you requested. The ratio is 50 to 1. See below

.

LordBiden:
Salam the chief trump butt licker.

Your master trump is on the track to sending the US economy into recession.

As of yesterday over 6 trillion dollars wiped out from stock market.

His MAGA slogan will soon change to "Make Americans cry again" by the time cost of living start biting as a result of retaliatory tariffs.

6 trillion in computer or in liquid cash or fiscal cash?

You people are bothering yourselves......left to Tinubu if the tarrifs provide more opportunities for him to tax Nigerians more, amd for him to collect 10% of that like Alpha Beta, he is happiest.

DaddyCoool:
Sir, you are the one ignorant and don't know what you talking about. I did the check you requested. The ratio is 50 to 1. See below

Smh. That's not NBS Reports.

By this your obvious knowledge gap, at least you can now get my point that you have not diligently applied yourself on real economic data knowledge.

Let me help you. You will need to visit the NBS website, download the reports and tables then read.

Omofaye99:
Nigeria tariff on USA products hasn't changed since it was implemented I think since 2014/15. Now tell me why imported goods have witness price increase despite unchanged tariff?

so no be the same Nigeria yme and you dey? So ll these inflation, you no see am? Custom said they made i believe 10 trillion or so last year. Bro!

dometome:
so no be the same Nigeria yme and you dey? So ll these inflation, you no see am? Custom said they made i believe 10 trillion or so last year. Bro!

What are we discussing exactly? Tariff or inflation? I already argue that tariff is not the main cause of inflation in Nigeria with the point I made in my previous replies.

Asonaijaaso:
This is a chance for Tinubu's trade ministers to approach countries with high tariffs like china

To come and establish manufacturing companies under Nigerian Proxies to lower their tariffs

Nigeria has unlimited space, cheaper labor than China and seaport to transport to America.

We are still working on 24hours power supply though.

make dem kidnap all of them abi.

FreeStuffsNG:
Smh. That's not NBS Reports.

By this your obvious knowledge gap, at least you can now get my point that you have not diligently applied yourself on real economic data knowledge.

Let me help you. You will need to visit the NBS website, download the reports and tables then read.

Sir you sound full of it. This is from NBS.
See it again below sir

Omofaye99:
What are we discussing exactly? Tariff or inflation? I already argue that tariff is not the main cause of inflation in Nigeria with the point I made in my previous replies.

Prices go up right? Too much money chasing too few goods and services, abi no be so? Na wa oh!

dometome:
Prices go up right? Too much money chasing too few goods and services, abi no be so? Na wa oh!

We would rather pray it out as usual

DaddyCoool:
Sir you sound full of it. This is from NBS.
See it again below sir

Smh. There's no point educating you on this anymore.

femi4:
We would rather pray it out as usual

FreeStuffsNG:
US trade with Nigeria has been shrinking over the years. Our money spinners are the trades with China, E.U , India and Africa. Whoever is hyping trade with US is wasting time. We should increase our trade with our good customers.

We have drug barrons destroying relationship with India , In future when they ban Nigerians and reduce Nigerian goods ,like U.A.E. THE USELESS Developers shout Tinubu has caused it .

Money na water , only the kind of human being doing fake products ,impacting the health of Nigerians and export drugs to other countries can make these type of statements.

dometome:
Prices go up right? Too much money chasing too few goods and services, abi no be so? Na wa oh!

We were not discussing demand pull inflation as to your initial summation.

Omofaye99:
We were not discussing demand pull inflation as to your initial summation.

Look, I am not studying the thing, I am in it, it is what provides my daily bread ok? Customs said it last year, in fact they were gloating about, that they made 10 trillion Naira or so last year, but what they did not tell Nigerians is that they taxed people more, which ended up making the goods far more expensive than they already should be. You no dey watch news?

FreeStuffsNG:
Smh. There's no point educating you on this anymore.

You educating me sir?? I told you Nigerian
export to Spain is about 50 times the import from Spain. You said it was not from NBS, that it had to be from NBS, when infact it WAS from NBS!!!

SalamRushdie:
Instead of compelling your govt to immediately reduce it's high import tarriffs you are writing epistle ...Nigerias import tarriffs are too high and they are an extortionist tax on Nigerians .. Reduce Taffiff to 15 percent and Trump reduces his own to 7.5 and everyone smiles

you dont even know the foundation, the minimum is 10%. , countries with 10% tarriff on Us import will still pay 10 tariffs on us export.

mrvitalis:
Nigeria is the only country that bans product they don't have substitute for

Tell me why is there a ban in frozen turkey? Do we have any substantial turkey industry?

Why is there a ban in stock fish? Is there any stock fish in our waters?

Why should there be any tariffs on wheat

Why should we ban fish like Titus and kote? Even shawa... We have no local substitute


Our economic policy makes no sense

You want to grow poultry industry but u ban mazie import, worst soya bean import

The first rule of macro economics is you can't produce everything.... Pick the ones you can produce efficiently and import the rest


People are just suffering for nothing

Global price for a ton of chicken is 700 dollars... Nigerian produce at 2500 dollars yet it's an industry u think u can compete?

Well said

FreeStuffsNG:
US trade with Nigeria has been shrinking over the years. Our money spinners are the trades with China, E.U , India and Africa. Whoever is hyping trade with US is wasting time. We should increase our trade with our good customers.

Deep insights.