₦airaland Forum

Gboss247:
Crashes the price when the government you voted into power is devaluing the naira

So the value of the naira is why cement in Nigeria is almost double international price even when labour in Nigeria is the cheapest?

lawani:
So the value of the naira is why cement in Nigeria is almost double international price even when labour in Nigeria is the cheapest?

International prices? The prices of cement and other commodities speculated for profit making without seeing the product

Gboss247:
International prices? The prices of cement and other commodities speculated for profit making without seeing the product

India and China are selling for less than 65 dollars and Iran is selling at 31 dollars per tonne and labor is cheaper in Nigeria than in all those countries. Nigeria is like 108 dollars. US is like 100 dollars but labor is very expensive in the USA

Crude naira allocation or not, I thought it is illegal to carry out a business in a country rejecting the country's currency. Equally illegal to trade in a foreign currency. What now happens to the law? Why is the federal government selling locally in a foreign currency? Is the Nigerian government subjugating the law?

lawani:
India and China are selling for less than 65 dollars and Iran is selling at 31 dollars per tonne and labor is cheaper in Nigeria than in all those countries. Nigeria is like 108 dollars. US is like 100 dollars but labor is very expensive in the USA

All the subsidies by paid US, India, Chinese government looks like a joke to you!

Gboss247:
All the subsidies by paid US, India, Chinese government looks like a joke to you!

Do you realize the difference between 65 and 108 or between 31 and 108? So you need half of your revenue as subsidy in order to be competitive,? That is what the numbers say. I believe there are sharp practices even in India and China because if not for labor costs the USA will sell the same price as Iran