₦airaland Forum

Mrchippychappy:
Bro that's not the case. Crashing food prices when you have insecurity issues that led to the scarcity of food prices in the first place is not sustainable. What is basically happening here is that the FG are using the national reserves to balance out the actual price of the agricultural products so the sellers can at a rate that doesn't actually reflect the true cost of the product.

If for example a tuber of yam now sells for 3k due to insecurity and the FG covers N800 of that, the farmers can now sell for 2200, not because there's been an actual price reduction but because the FG covered for a substantial amount of that 3k.

It's a stop gap, it might help make food more accessible for a short time but it's not sustainable because the FG are taking funds directly from the national reserves and this would have to be replaced one way or the other (does the new 2026 tax policy ring any bells?) , Also that 3k tuber of yam would most likely sell for almost twice that price in 6 months to a year, as the Islamic terrorists destroy more farm lands and kill more farmers, meaning the FG would have to cover more cost for agricultural products which would in turn lead to more taxes on Nigerians ( remember the FG are not getting this money from thin air, they have to replenish the money they take out meaning more taxes OR request a loan from the IMF and to pay that loan we would need to raise money from somewhere, example...taxes!)

We could do this or, here's a thought, we could just crush the terrorists once and for all. And a first step towards doing this is by calling them terrorists and not bandits. Enough of the silly games

Mrchippychappy:
Bro that's not the case. Crashing food prices when you have insecurity issues that led to the scarcity of food prices in the first place is not sustainable. What is basically happening here is that the FG are using the national reserves to balance out the actual price of the agricultural products so the sellers can at a rate that doesn't actually reflect the true cost of the product.

If for example a tuber of yam now sells for 3k due to insecurity and the FG covers N800 of that, the farmers can now sell for 2200, not because there's been an actual price reduction but because the FG covered for a substantial amount of that 3k.

It's a stop gap, it might help make food more accessible for a short time but it's not sustainable because the FG are taking funds directly from the national reserves and this would have to be replaced one way or the other (does the new 2026 tax policy ring any bells?) , Also that 3k tuber of yam would most likely sell for almost twice that price in 6 months to a year, as the Islamic terrorists destroy more farm lands and kill more farmers, meaning the FG would have to cover more cost for agricultural products which would in turn lead to more taxes on Nigerians ( remember the FG are not getting this money from thin air, they have to replenish the money they take out meaning more taxes OR request a loan from the IMF and to pay that loan we would need to raise money from somewhere, example...taxes!)

We could do this or, here's a thought, we could just crush the terrorists once and for all. And a first step towards doing this is by calling them terrorists and not bandits. Enough of the silly games

yarimo:
Crashing food prices ADC are not happy, and the same ADC claiming they want to make Nigeria and Nigerians life better.

From ADC statement its clear they don't have any good intentions for Nigeria and Nigerians

anonimi:
How import waivers are crippling local rice mills

Rice millers have raised concerns over the federal government’s import duty waiver on rice, maize and sorghum, saying it is hurting their businesses.

This is just as the Nigeria Customs Service (NCS) said the waiver has caused food prices to drop.

https://dailytrust.com/how-import-waivers-are-crippling-local-rice-mills/

ChoCho54:
Propaganda and outright lies by APC is for the consumption of their laptop boys online.

But offline, these laptop boys are the worse hit by tinubumonics.

You flocked the market with imported food items which sold at cheaper rate without any consideration for local farmers and the inherent losses they'd incure, then went to town chanting hallelujah over a shortlived fit.

Kanixt:
ADC if giving power will be worse than APC.

Food prices are going down, but ADC not happy, they want local farmers to give them waiver for the middle men to keep on eating on masses.

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

Vision101:
You guys are funny 🤣. The same people that were not happy with Buhari for shutting boarders against food imports are again not happy that PBAT opened the boarders for food imports. See you people's life?

Mrchippychappy:
Bro that's not the case. Crashing food prices when you have insecurity issues that led to the scarcity of food prices in the first place is not sustainable. What is basically happening here is that the FG are using the national reserves to balance out the actual price of the agricultural products so the sellers can at a rate that doesn't actually reflect the true cost of the product.

If for example a tuber of yam now sells for 3k due to insecurity and the FG covers N800 of that, the farmers can now sell for 2200, not because there's been an actual price reduction but because the FG covered for a substantial amount of that 3k.

It's a stop gap, it might help make food more accessible for a short time but it's not sustainable because the FG are taking funds directly from the national reserves and this would have to be replaced one way or the other (does the new 2026 tax policy ring any bells?) , Also that 3k tuber of yam would most likely sell for almost twice that price in 6 months to a year, as the Islamic terrorists destroy more farm lands and kill more farmers, meaning the FG would have to cover more cost for agricultural products which would in turn lead to more taxes on Nigerians ( remember the FG are not getting this money from thin air, they have to replenish the money they take out meaning more taxes OR request a loan from the IMF and to pay that loan we would need to raise money from somewhere, example...taxes!)

We could do this or, here's a thought, we could just crush the terrorists once and for all. And a first step towards doing this is by calling them terrorists and not bandits. Enough of the silly games

treesun:
https://dailytrust.com/fg-manipulating-food-prices-for-political-gains-adc/

ChoCho54:
You and who?

Koshi soun jareh!

Mrchippychappy:
I don't think you understand how scarcity and demand works, go through my previous post again. You cannot teach them a lesson when you are paying a portion of the actual cost of a product in order to sell that product at a reduced price thereby giving the illusion that there's been a cost reduction. Its an unsustainable bubble that would burst sooner or later

Guestmale:
They prefer the prices to be going up,so that it will give them campaign selling points. Most politicians in Nigeria are not interested in Nigerians well being especially when they are in opposition.

muykem:
Please let celebrate and enjoying reduction now. We will still criticise the government if the price goes up again. Leave theory and face practical. Any manipulation to further crash food prices is welcome.

Spandy:
What do they really want? Price of food goes up they complain, price of food crashed they still complain.

The African Democratic Congress (ADC) has accused the federal government of dishonesty over its claims of increased local food production, arguing that widespread insecurity and the displacement of farmers—especially in northern Nigeria—make such assertions untrue.

Mrchippychappy:
I am not against this bro, hunger too much so if I see affordable food me sef go buy, I am only stating the obvious, this is not sustainable and we need to reclaim our farmlands and enforce security with brute force and ruthlessness our farmlands

yarimo:
Crashing food prices ADC are not happy, and the same ADC claiming they want to make Nigeria and Nigerians life better. From ADC statement its clear they don't have any good intentions for Nigeria and Nigerians

yarimo:
Crashing food prices ADC are not happy, and the same ADC claiming they want to make Nigeria and Nigerians life better. From ADC statement its clear they don't have any good intentions for Nigeria and Nigerians

Mrchippychappy:
If for example a tuber of yam now sells for 3k due to insecurity and the FG covers N800 of that, the farmers can now sell for 2200, not because there's been an actual price reduction but because the FG covered for a substantial amount of that 3k.
games

ObiPandora:
The national reserve you all claim Tinubu as looted is whwre he is taking money to subsidize yam in alaigbo ? You do una this thing ?!

adioolayi:
So, what's the business of a common man like me

They should continue the manipulation, so far the prices of the food are coming down and are affordable for me..

That's the koko.

I don't understand why ADC are not happy for the citizens that the prices are coming down..it was a policy that drove the prices up...if another strategy is driving the process downwards..why should this not be celebrated...when we actually abused them for driving the prices up


What exactly is ADC statement trying to achieve