₦airaland Forum

shortgun:
They are still playing politics of propaganda.
BUA chairman should provide contact of his warehouse or store where Nigerians will buy 50kg rice for 60k.
Rice is still selling for over 80k.
Nonsense

Go to booku in lagos

JKisOK:
Man who promised Tinubu that cement will sell for N3,500. Now cement is N10,200.

Promise and fail.

Believe BUA at your own peril.

I bought 58k at bouku

Emeskhalifa:
I am not against crashing it, but hope you know that's like taking away business from some people

But the typical Nigerian is very wicked. They are opportunists. They like taking advantage. I don't pity them when things like this happen

Mushmush:
Rice, beans, flour, spaghetti etc

Is it BUA that is responsible for making the prices to fall?

Menclothing1:
Go to booku in lagos

what is booku?

Proudlyngwa:
Why should they go after the hoarders.
Only competition can stop hoarding, not going after someone who used his money to do whatever he likes

This one used his own money and smartness.

lexy2014:
what is booku?

Super market

lexy2014:
Is it BUA that is responsible for making the prices to fall?

He is part of it. The man is a patriotic Nigerian

tasalanoni:
It takes irreversible madness to support Tinubu and anything APC but I'll attempt to educate you a little on this particular issue.
The recent drop in prices got absolutely nothing to do with your dead local policy of duty waiver. It was largely the result of international forces in the rice trade, especially India. Before now, India enacted a 20% duty on rice exports in a bid to discourage exports and ensure local sufficiency. This policy combined with the weak Naira made imports into Nigeria very unattractive. Coupled with our local production insufficiency, prices skyrocketed. Last year, the monsoon season made India and several other rice producing countries witness very high yields that hadn't been seen in nearly a decade, and consequently, prices crashed. To protect local farmers and stabilize prices, Indian lifted the 20% duty on exports and Nigeria took advantage of the waiver and flooded the market. But it's a shortlived respite because India has re-enacted the duty. Expect prices to start soaring again in the coming months.

Thanks for the information but let's enjoy the low prices while it last. There is hope for Nigeria even with this APC government. It's not all gloomy.

shortgun:
They are still playing politics of propaganda.
BUA chairman should provide contact of his warehouse or store where Nigerians will buy 50kg rice for 60k.
Rice is still selling for over 80k.
Nonsense

A bag is 65k here, as at last week it was 62k bro

advanceDNA:
.......farmers are running heavy cost in production of crops including transporting of their proceeds, electricity cost involved in turning paddy rice to edible grains, and other over head cost which has risen 5 times
..then one government will wake up and say they want to fix price.... Price fixing doesn't work without subsidy of one or more part of the supply chain of a good or service

farmers this ,, farmers that,, this is almost 13yrs now since Buhari closed the borders to encourage the so called farmers? what did we get? high inflation and gross exploitation... let them allow importation biko!!! business is all about competition

Vikto17:
farmers this ,, farmers that,, this is almost 13yrs now since Buhari closed the borders to encourage the so called farmers? what did we get? high inflation and gross exploitation... let them allow importation biko!!! business is all about competition

I'm talking about price control...u are talking importation... Tinubu has already destroyed the naira and made fuel dangerously expensive, the two things driving price of goods.... So importation won't save us either because that is heavily dependent on exchange rate