₦airaland Forum

izzou:
When I newly started working in a bank, I was in the Retail loan team; We usually approve loan application from the branches.

The bank was always willing to give loans to civil servants in NW and NE, than any other region. Their salary is always up to date. But you'll see inconsistencies in the Southern payments.

It's pathetic! How person go work, you no go pay am?

monerozi5590:
Does what you wrote even make sense to you.

1. What do you think is responsible for the crash in price of some of those commodities?

2. This is not only affecting farmers, it is affecting Agro Tech Companies and some financial institutions

3. When the worth of the value of your inputs is higher than the worth of your outputs. That's a loss. Their financial statement ain't looking good at all

4. Let's say farmer A . Maize farmer collected inputs worth 5 million and after harvest he couldn't even recover half of the loan. What do you think will happen to the farmer, the company and all?

I don't want to go into details and all, that thread raumdeuter shared summarized everything.

I know you are a good Nigerian citizen and want the best for Nigeria and our farmers. So, when you go to the market and a bag of rice is sold for ₦55,000, pay ₦80,000 for yours and explain your reason that you don't want Nigeria to experience inflation
Thank you.

MorataFC:
Prior to the removal of the fuel subsidy, or let's say in December 2022,a bag of rice sold for between ₦28,000 and ₦35,000.
By December 2024, that same bag was selling for ₦88,000–₦90,000, an increase of over 200%.

Similarly, 100kg of maize, which sold for ₦13,000–₦17,000 in 2022, had risen to ₦65,000–₦70,000 by 2024, representing a staggering 330–400% increase.
So, what caused this? It was just greed among some farmers. With the borders closed, and considering Nigeria’s population of over 200 million, even if all farmers quadrupled their current output, we still wouldn’t meet national demand. Knowing this, some farmers took advantage of the shortages, especially in rice and maize and they increased prices.
Today, many in the north have become billionaires almost overnight. That’s pure profiteering.

Between 2023 and 2024, almost half of poultry farms closed (I will provide you with the links) due to the high cost of production. Maize, an essential feed ingredient, became unaffordable, leaving farmers with little to no profit.
Many in our WhatsApp groups for the Remo zones, Ogun State Chapter, and the combined Ogun-Ibadan group were openly lamenting this crisis, many left the country while many put their farms for sales.

Thankfully, the federal government intervened in July 2024 by declaring a 150-day duty-free window to import maize. This move helped stabilize prices and allowed previously closed poultry farms to reopen. So the prices of food reduction we have now start from that move, It shows the immediate impact that access to affordable food inputs can have.

The truth is, Nigeria is not yet self-sufficient in food production. With over 200 million people, stopping food imports entirely is unrealistic. Doing so would only lead to hunger and more profiteering for farmers.
How many of our farmers are mechanized ones?
So we can't produce half of what we eat daily.

As for concerns that imports might negatively impact the economy, it works like a chain reaction, when essential items are affordable, it positively affects the cost and production of other goods, and farm products.
When the raw material is affordable the end product will also be affordable , I don't know how this is hard for you to understand .
Food availability at a cheaper price is the best thing to happen for common man.

I know you are a good Nigerian citizen and want the best for Nigeria and our farmers. So, when you go to the market and a bag of rice is sold for ₦55,000, pay ₦80,000 for yours and explain your reason that you don't want Nigeria to experience inflation
Thank you.


The link👇👇👇

Over 50% of poultry farms in Nigeria shut down in 2023: PAN

https://gazettengr.com/over-50-of-poultry-farms-in-nigeria-shut-down-in-2023-pan/

Up to 50% of poultry farmers in Nigeria have closed their shops – Poultry Association
https://nairametrics.com/2024/01/26/up-to-50-of-poultry-farmers-in-nigeria-have-closed-their-shops-poultry-association/

More than half of Nigeria’s poultry farms close amid national crisis
https://www.thenationalnews.com/world/2024/03/13/more-than-half-of-nigerias-poultry-farms-close-amid-national-crisis/

Poultry farmers say over 30% of their business shut down in 6 months across Nigeria
https://nairametrics.com/2024/07/03/poultry-farmers-say-over-30-of-their-business-shut-down-in-6-months-across-nigeria/

MorataFC:
Prior to the removal of the fuel subsidy, or let's say in December 2022,a bag of rice sold for between ₦28,000 and ₦35,000.
By December 2024, that same bag was selling for ₦88,000–₦90,000, an increase of over 200%.

Similarly, 100kg of maize, which sold for ₦13,000–₦17,000 in 2022, had risen to ₦65,000–₦70,000 by 2024, representing a staggering 330–400% increase.
So, what caused this? It was just greed among some farmers. With the borders closed, and considering Nigeria’s population of over 200 million, even if all farmers quadrupled their current output, we still wouldn’t meet national demand. Knowing this, some farmers took advantage of the shortages, especially in rice and maize and they increased prices.
Today, many in the north have become billionaires almost overnight. That’s pure profiteering.

Between 2023 and 2024, almost half of poultry farms closed (I will provide you with the links) due to the high cost of production. Maize, an essential feed ingredient, became unaffordable, leaving farmers with little to no profit.
Many in our WhatsApp groups for the Remo zones, Ogun State Chapter, and the combined Ogun-Ibadan group were openly lamenting this crisis, many left the country while many put their farms for sales.

Thankfully, the federal government intervened in July 2024 by declaring a 150-day duty-free window to import maize. This move helped stabilize prices and allowed previously closed poultry farms to reopen. So the prices of food reduction we have now start from that move, It shows the immediate impact that access to affordable food inputs can have.

The truth is, Nigeria is not yet self-sufficient in food production. With over 200 million people, stopping food imports entirely is unrealistic. Doing so would only lead to hunger and more profiteering for farmers.
How many of our farmers are mechanized ones?
So we can't produce half of what we eat daily.

As for concerns that imports might negatively impact the economy, it works like a chain reaction, when essential items are affordable, it positively affects the cost and production of other goods, and farm products.
When the raw material is affordable the end product will also be affordable , I don't know how this is hard for you to understand .
Food availability at a cheaper price is the best thing to happen for common man.

I know you are a good Nigerian citizen and want the best for Nigeria and our farmers. So, when you go to the market and a bag of rice is sold for ₦55,000, pay ₦80,000 for yours and explain your reason that you don't want Nigeria to experience inflation
Thank you.


The link👇👇👇

Over 50% of poultry farms in Nigeria shut down in 2023: PAN

https://gazettengr.com/over-50-of-poultry-farms-in-nigeria-shut-down-in-2023-pan/

Up to 50% of poultry farmers in Nigeria have closed their shops – Poultry Association
https://nairametrics.com/2024/01/26/up-to-50-of-poultry-farmers-in-nigeria-have-closed-their-shops-poultry-association/

More than half of Nigeria’s poultry farms close amid national crisis
https://www.thenationalnews.com/world/2024/03/13/more-than-half-of-nigerias-poultry-farms-close-amid-national-crisis/

Poultry farmers say over 30% of their business shut down in 6 months across Nigeria
https://nairametrics.com/2024/07/03/poultry-farmers-say-over-30-of-their-business-shut-down-in-6-months-across-nigeria/

Just as the name implies this thread is meant for all Discussions be it sports, politics, music, business or otherwise.



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izzou:
MorataFC

monerozi5590:
Lemme tell you something. There's nothing like greed here. Inputs and other cost of production keeps increasing. DAP fertilizer was 50/60k for 50kg like 2 years ago but now is about a 100k for same kg. For a smale scale maize farmer, he will pay for labour in In-Season and during harvest. During harvest, he will pay for labour like plucking, threshing, winnowing, bagging and all of that. The cost of producing maize keeps increasing. Factor in all of these things and you will see is a big loss on the farmers and all with the crash in price.

You can't import your way out of food insecurity because it is counter productive and it will fall flat. Think about the future and how this will affect us as a nation. Serious hunger because production will be very very low.

here is what Adesina and Sanusi have to say about this.

For the record the price of chicken feed didn't drop, rather it is increasing.

MorataFC:
1 + 1 will always equal 2.
That is essentially the argument Sanusi and Adesina are making, and from a purely economic theory , they are 100% correct.

However, the real question is this,can that theory work in Nigeria, where we are not self-sufficient in food production?
Let me illustrate with a simple example.
Assume Lagos has just 3 loaves of bread for 25 people, while Aba has 10,000 loaves for 100 people, but we are restricted to go to Aba to bring bread for people in Lagos, what do you think will happen to bread seller in Lagos?
Profiteering.
Prices will skyrocket because scarcity gives sellers power.
That, is what has happened in Nigeria over the last 3 years.

Maybe you be Abroadian and you don't stay in Nigeria , because
Between September 2023 and March 2025, hunger was widespread. You could barely walk a kilometer without seeing people begging for money just to feed their families.
Now that food prices are easing slightly, some people are calling it a “bad policy.”

How can reducing hunger be a bad policy?

The truth is simple, you cannot plan an economy on empty stomachs.
A hungry man is an angry man. It is only when people are reasonably fed and stable that long-term economic planning can make sense.
Na statistics we go chop?

Look at Thailand for example. With a population of about 70 million, Thailand produces roughly 23 million tonnes of rice annually. Nigeria, with an estimated population of over 200 million, produces less than 7 million tonnes, yet our annual consumption is estimated at 11–12 million tonnes.
So the critical question remains,
Where is the shortfall supposed to come from?

Until Nigeria addresses food sufficiency and production at scale, applying textbook economic theories without considering local realities will continue to produce hardship rather than prosperity.

KingTom:
There's a man in Cross River state here who defied the odds in 2011 and and flew the flag of Tinubu's ACN winning elections in the state National Assembly and effectively giving a huge middle finger to the then Governor, Imoke, it had never been done before in the states history it became 23 PDP assembl members and 1 ACN member rather than the normal 24. Ironically when the merger was complete and it became APC, the party instead decided to reward PDP decampees with juicy positions, leaving the man behind. I asked him personally why it was so and he just replied 'that's politics'

liveLongNprospa:
Be like Trump Don miss yarn for this NATO Frontline talk.
UK PM has kukuma gotten angry

monerozi5590:
I am very much in Northern Nigeria. I am in the Agricultural Sector.

Quick fix doesn't solve a problem. With quick fix, you are creating more problems in the future.

What happened if they stop importation of those commodities?

Do you think importation will continue forever?

What do you think will happen to our local producers, the farmers?

Theflint1:
We all know why you're shouting

TemporaryHansel:
Sometimes, politics can be a risky game.
You'll pave the way, only for another person that didn't know how things came to be to be enjoying more than you.

TemporaryHansel:
Give what belongs to Caesar to Caesar. Nato is a mere barking puppy without the United States.

TemporaryHansel:
Give what belongs to Caesar to Caesar. Nato is a mere barking puppy without the United States.

KingTom:
See your Verydarkman

KingTom:
The earlier you realise that unlike your guy, this dwarf's fans are there for the music and not giveaway and handouts, in 2025 your boy made history by becoming the first Nigerian artiste to chop 18 million stream deduction because he wan chase Wiz records now his 2025 album sits in the 60s of our charts while 2024 albums are in the top 20.

izzou:
Thank you

No matter how his song dey sweet, I can never stan him again if I was an FC.

All he needed to do was bring her back to life. Instead, baba still dey hype himself for night.

The poor girl dey do video with gnashing of teeth.

FC gbakwo oku there!

Sportsweb:
CAP. Na em VDM ratels de bully them online. Story

"Electricians are now working with NEPA, they will somehow convince you to do a bypass but before you know it NEPA people will show up and give you a fine of up to 1.5 million, they have a percentage in it" pic.twitter.com/AkvREfQFCM

— ÓMÒÉLÉRÍNJÁRÉ (@omoelerinjare) January 23, 2026

Amoto94:
Morata you mentioned the production capacity of Thailand but you didn't mention that their farmers have been supported over the years to reach such milestone? To achieve food security we have to support our farmers with farm inputs and storage facilities to prevent post-harvest loss, anything short of this is cosmetic surgery

"Electricians are now working with NEPA, they will somehow convince you to do a bypass but before you know it NEPA people will show up and give you a fine of up to 1.5 million, they have a percentage in it" pic.twitter.com/AkvREfQFCM

— ÓMÒÉLÉRÍNJÁRÉ (@omoelerinjare) January 23, 2026

KingTom:
Na greed dem dey feed on our greed. If no be greed wetin go make you do bypass in the first place 😂🤷🏾‍♂️