₦airaland Forum

Lol.. my friend don’t be ridiculous and clever by half! You think you’re talking to kids here.

What do you mean by ‘stored’ many bags. Oga you were HOARDING Foodstuffs meant to be sold at the right time to make good turnover for you.. Instead you lots were Greedy as many Nigerian farmers/business men have been.

Greed “killed” most farmers/business men business.. they thought of themselves rather than the people.

I’m not saying storage/hoarding is bad.. But when done so long at DETRIMENT OF people is Bad

I don’t pity these hoarders

sirchim:
If you understand what he meant you are smart. Many of us stored many bags of grains, hoping to sell and make our profits. But today, it has crashed putting many of us into debts. As I am typing this, my bro is in a debt of #54M. OBI is RIGHT, our business is being frustrated by the government, that made food stuffs gone so high, due to bad economy. And today, it has crashed, such that it has put many of us into debts.

Ramanto:
I remember how this guy supported naira scarcity that year just because he wanted to gain power. He can never disappoint me

This was when I concluded that the opposition in 2023 are nothing but opportunists who don’t give a hoot about the Nigerian masses.

Exactly! The mischievous dude was trying to sugarcoat it. I also told him same.. it’s pure HOARDING. Greedy people.

aieromon:
This is called hoarding Sir. It is a selfish motive.

https://x.com/Naija_farmers/status/2018962212325327200

one day one day thunder go fire this rat voice

Shut up loser !!

Ofemannnu:
Armchair economist

Àti armchair o, àti tabletop economist, Tinubu has no clue how to run the economy beyond balablu announcements to excite his clueless followers.

Gajagojo:
If supply is high and prices are low,start exports.

Add value make onion powder, garlic pepper, ginger powder,
Indomie , Nigerian Malta, Guinness, and many more are successful exports to UK

Indomie carton of 40 is £12 to £15 in UK

ABI! but Nigerians generally don't think.

anonimi:
If prices go lower than the cost of production then why wouldn’t you cut your losses and move your remaining money into another business line, thereby making food scarce and expensive in due course

How is that rocket science?

Do you know better than this former AfDB president, who won the World Food prize for his excellent work in PDP’s administration to boost food production?

I think your are not thinking this through —if prices fall as a results of cheaper alternatives and you decide to close your operations. There’s no way your absence can lead to scarcity since you didn’t cause the initial reduction in prices. You get? If imports are cheaper than local productions then we will simply imports because that increases disposable income of the people.

[quote author=Slytiger post=138612657]"The drop of food prices in the market has killed our farmers" - Peter Obi

The drop of food prices in the market has killed our farmers. It has put them into more poverty.

— Peter Obi

pic.twitter.com/J2CuJzxCnY

— High Chief Lawrence Igbins Okoro (@HighChiefOkoro) February 28, 2026

watched the very short online video and the dude talking in that video was rambling on with his effeminate voice and disjointed speech. Effective communication is key and this dude who desperately wants to be a President did say CLEARLY that food prices are cheap from "imported foods" BUT that's NOT TRUE. I was surprised while watching a recent AIT video on farmers in Borno and Yobe States and food inflation has dropped significantly due to the Governments giving out free tractors and improved seedlings to the farmers who turned out bumper harvests. Food prices have indeed dropped in several Northern Nigeria States due to State and Federal Government interventions.

The Southern Nigeria States are the ones I have doubts about due to the effect of multiple LEVIES demanded from commodities traders and food dealers while transporting foods from the North to the South. The greedy hoarders of food items too especially in the Southern Nigeria States have to be totally eliminated with the governments offering more modern silos, and post-harvest preservation techniques. Period.

lionshare:
I think your are not thinking this through —if prices fall as a results of cheaper alternatives and you decide to close your operations. There’s no way your absence can lead to scarcity since you didn’t cause the initial reduction in prices. You get?

If imports are cheaper than local productions then we will simply imports because that increases disposable income of the people.

Your absence will lead to reduced supply in the market, not so?

How will perpetual imports affect your exchange rate and spiral into inflation?

Have you seen someone eat his amala and he still has it in front of him on the table

Obi farmers too buy food, and affordable food has positive effects on other sectors, if food is cheap, other things too will be affordable and Nigerians will have more funds to save, for investment and capital mobilisation. Every Nigerian benefits from low prices of food, everyone eats different varieties of foods.

Obi the last time you were asking the government to allow import to reduce food prices. Wayo man

I did not know a lot of Nigerians are this poorly educated.

It's called food security. That's why some countries will even buy from farmers and destroy in other to assure of next years production.

1. There is nothing like food hoarding in a free market. The market is unregulated, so people who store food must lower prices if they donot see enough buyers otherwise they make losses from spoilt food. Those people who buy and store food are providing a service, that ensures the food is available in off harvest season. They have one year to sell off what they stored, so demand determines prices, not hoarding.

2. The current sustained harsh economy since the last 3 years of Tinubu, has forced a lot of people back to the farm as last resort. That's one half of the reason why you are having an increased harvest forcing down prices. People are currently harvesting cassava with no buyers in the villages, and its a big problem.

3. In a desperate move to try an cushion the ill thougth polices of subsidy removal, electric power cost hike, currency devaluation and now increasing tax burden, the fire brigade approach of encouraging food imports was adopted by this government. An indirect food subsidy. In the last two years, this has caused massive losses to those who normally store foods for off harvest season consumption. Most are not storing anything this time. Meaning that production that should go into storage, are currently on sale, hence prices are crashing!

What does this mean?

1. Yes you are buying food cheap now, you will buy them way more costlier than usual later in the year, even with the Govt. Imports as the supply will be way less than last year's due to no storage.

2. You will buy food even costlier in next years harvest, as less people will bother farming with the losses and wastage they incured this year.

3. In the medium term, you will become dependent on imported food as most farmers will pull out of the farming sector. Your food will become more dollar dependent, and every little change of exchange rate will impact your feeding.


Note; The increased food produce has nothing to do with any deliberate action of this government of posturing. Rather, it is a direct human response to hardship. So the government has no plans or infrastructure to absorb and preserve the excess production, now that they have killed off the middlemen who usually provide less than ideal, informal but highly essential storage.

This is a classical case of dumping in Economics, except that its not being done by a foreign government, but by your own government for political expediency, but will kill off your farming sector in the medium term.

Good... I suspect Obi also hoarded, you guys can give it to one nursing school and make it look like a gift.

sirchim:
Na your yeye govt make am expensive, not me. If na lie, bring the price during GEJ, BULLHARI'S and THIEFNIBU'S tenure, let's analyze it, considering their policy and their economy.

I still find it funny when people follows obi. All he does is to demarkert the country. Give us your plan for nigeria but instead you just open open talk nonsense.

GerogeI:
I did not know a lot of Nigerians are this poorly educated.

It's called food security. That's why some countries will even buy from farmers and destroy in other to assure of next years production.

1. There is nothing like food hoarding in a free market. The market is unregulated, so people who store food must lower prices if they donot see enough buyers otherwise they make losses from split food. Those people who buy and store food are providing a service, that ensures the food is available in off harvest season. They have one year to sell off what they stored, so demand determines prices, not hoarding.

2. The current sustained harsh economy since the last 3 years of Tinubu, has forced a lot of people back to the farm as last resort. That's one halsf of the reason why you are having an increased harvest forcing down prices. People are currently harvesting cassava with no buyers in the villages, and uts a big problem.

3. It a desperate move to try an cushion the ill thougth polices of subsidyremoval, power cost hike, currency devaluation and now increasing tax burden, the fire brigade approach of encouraging food imports was adopted by this government. An indirect food subsidy. In the last two years, this has caused massive losses to those normally store foods for off harvest season consumption. Most are not storing anything this time. Meaning that production that should go into storage, are currently on sale, hence prices are crashing!

What does this mean?

1. Yes you are buying food cheap now, you will buy them way more costlier than usual later in the year, even with the Govt. Imports as the supply will be way less than last year's due to no storage.

2. You will buy food even costlier in next years harvest, as less people will bother farming with the losses and wastage they incured this year.

3. In the medium term, you will become dependent on imported food as most farmers will pull out of the farming sector. You food will become more dollar dependent, and every little change of exchange rate will impact your feeding.


Note; The increased food produce has nothing to do with any deliberate action of this government of posturing. Rather, is a direct human response to hardship. So the government has no plans or infrastructure to absorb and preserve the excess production, now that they have killed off the middlemen.

This is a classical case of dumping in Economics, except that its not being done by a foreign government, but by your own government for political expediency, but will kill off your farming sector in the medium term.

GerogeI

Nice write up. I truly commend your reasoning.

Please let me also try to address the issues you put forth, with my small level.

1. Food security
Nigeria has enough land to feed itself. Really. Whoever tells you otherwise is a liar. The challenge is the people to farm.

2. Hoarding
There are hoarders and middle men. My own sister in law makes more profits on each bag of sold garri, from Ilorin to resell in Lagos, than the cassava farmers and all the women making the garri.

Remove people like her and you get a stable system/process flow in place.

3. People going back to the farm and producing excess.
This is what would solve the issue (1) you highlighted.

4. Food to be in storage currently being sold.
This is how it used to be. It's the excess that should be in storage. It doesn't make sense to store what is not enough normally.

5. Fewer people will go into farming next year and thereafter.
This would never happen in Nigeria. Farming is mad lucrative. The value chain is being disrupted by rent seekers in the mode of middle men and hoarders.

6. Farming sector will die.
Now, I laugh.

loveth360:
Making farmers to be poor,Is that the solution?


Reasonable government will help the farmers to make food cheaper.


Many ways to achieve that.

No b unah dey shout when Buhari close Boarder??

Chai!

Hypocrite!

Tareq1105:
I can't believe Obi said it. If he actually said it, then he's not worthy to be a leader going by all he's said about food inflation before now.

In all honesty, obi is not intelligent. When they ask him questions just look at the ways he answers. A times he gives inaccurate statistics after telling lies. He is so desperate

What government should crash even more than food is cement. Cement is now the new gold for Dangote, BUA, Lafarge and other idiots. They are exploiting and 'raping' us like mad. Government should act like YarAdua did in 2008 and crash the cement. Shelter like food is a basic necessity of life

So the masses should die of hunger? Se I go ever vote for u again like this?

GerogeI:
I did not know a lot of Nigerians are this poorly educated.

It's called food security. That's why some countries will even buy from farmers and destroy in other to assure of next years production.

1. There is nothing like food hoarding in a free market. The market is unregulated, so people who store food must lower prices if they donot see enough buyers otherwise they make losses from spoilt food. Those people who buy and store food are providing a service, that ensures the food is available in off harvest season. They have one year to sell off what they stored, so demand determines prices, not hoarding.

2. The current sustained harsh economy since the last 3 years of Tinubu, has forced a lot of people back to the farm as last resort. That's one half of the reason why you are having an increased harvest forcing down prices. People are currently harvesting cassava with no buyers in the villages, and its a big problem.

3. In a desperate move to try an cushion the ill thougth polices of subsidy removal, electric power cost hike, currency devaluation and now increasing tax burden, the fire brigade approach of encouraging food imports was adopted by this government. An indirect food subsidy. In the last two years, this has caused massive losses to those who normally store foods for off harvest season consumption. Most are not storing anything this time. Meaning that production that should go into storage, are currently on sale, hence prices are crashing!

What does this mean?

1. Yes you are buying food cheap now, you will buy them way more costlier than usual later in the year, even with the Govt. Imports as the supply will be way less than last year's due to no storage.

2. You will buy food even costlier in next years harvest, as less people will bother farming with the losses and wastage they incured this year.

3. In the medium term, you will become dependent on imported food as most farmers will pull out of the farming sector. Your food will become more dollar dependent, and every little change of exchange rate will impact your feeding.


Note; The increased food produce has nothing to do with any deliberate action of this government of posturing. Rather, it is a direct human response to hardship. So the government has no plans or infrastructure to absorb and preserve the excess production, now that they have killed off the middlemen who usually provide less than ideal, informal but highly essential storage.

This is a classical case of dumping in Economics, except that its not being done by a foreign government, but by your own government for political expediency, but will kill off your farming sector in the medium term.

You are explaining to slaves who love their chains o😅

mankan2k7:
So the masses should die of hunger? Se I go ever vote for u again like this?

Like you voted for him b4?🤣🤣

Macphenson:
That headline is misleading. Listen to Peter Obi and understand that the Person that wrote the headline is mischievous.

Peter Obi was mak8ng reference to basic foods being imported, which have automatically killed farming. Manufacturing houses have been turned to warehouses of imported foods which is not a good one for the country.
In line with his consistent slogan, he said he would move the country from consumption to Production. Now we are importing basic foods we should plant that simply means we have killed farming and farmer's business in Nigeria.

Of course it will come with serious consequences.

People up there can't comprehend. They don't even have data to listen to Peter Obi.

Mr listener, please tell us farm produced that are imported that make farmer poorer?

DMCY:
This one go just dey open his mouth waaa…
So we the masses should continue paying ridiculous prices, yea?

Or those farmers didn’t do us bad too when they increased food prices before?
Make Una dey play good opposition jhare, it’s not every time he should talk abeg!.

OBI is not an intelligent fellow.
If one ask now what he will do differently, he will be blabbing.

This is too costly error from obi. It's like he doesn't know where to belong, just opening his mouth at every issue without thinking.
Before you say good is too high and blame the government, now the price is down you are still crying.

[quote author=Slytiger post=138612657]"The drop of food prices in the market has killed our farmers" - Peter Obi

The drop of food prices in the market has killed our farmers. It has put them into more poverty.

— Peter Obi

pic.twitter.com/J2CuJzxCnY

— High Chief Lawrence Igbins Okoro (@HighChiefOkoro) February 28, 2026

farmers (many of whom are greedy) will inflate prices despite government subsidies, loans, ban on importation and other polices to make farming more viable to the detriment of the masses.

The case of rice especially under Buhari is an easy example.

[quote author=sirchim post=138613374]If you understand what he meant you are smart. Many of us stored many bags of grains, hoping to sell and make our profits. But today, it has crashed putting many of us into debts. As I am typing this, my bro is in a debt of #54M. OBI is RIGHT, our business is being frustrated by the government, that made food stuffs gone so high, due to bad economy. And today, it has crashed, such that it has put many of us into debts.[/quo. And you will never recover from that Deb

Obi is wuked oh. He no go better for am . So you want high price of food, you wan kill us? Thank God for Asiwaju ooooo.

Shey e' ngboro lenu asinwin?

Na this one wan rule Nigeria?

He needs to be arrested because of this sho sho sho, must you make your self relevant where you are not needed

loveth360:
Making farmers to be poor,Is that the solution?


Reasonable government will help the farmers to make food cheaper.


Many ways to achieve that.

Government should help farmers while they export their harvest out of the country. Selfish farmers want to eat their cake and atill have it

loveth360:
Making farmers to be poor,Is that the solution?


Reasonable government will help the farmers to make food cheaper.


Many ways to achieve that.

Make food cheaper as how... Even during the anchor borrower by Buhari regime, we know how they harvest rice in Nigeria smuggle it o Niger Republic... And then import it as a foreign Rice... Another is that can they feed the country capital No... If you think that the government should stop importing cheap food stuff into the country then ready for the real hunger... It better for few to suffer for many rather than many to suffer for the few..