₦airaland Forum

Diablo666:
Good development. its time to look inwards and build our economy with our own resources just like China did. the temporary hardship is a sacrifice we must make for a long term permanent enjoyment.
God bless pmb
God bless FRN

ace05:
My dear, do not just mention China, they sent their best and brightest all around the world and when they had spent about a decade, they came back home. It took over 2 decades of closed boarder with this imported knowledge for them to become what they are. So has 'PMB' (sic) done any of such? The sooner Nigerians understand true governance the better.

Chukzyfcb:
Mr man abeg keep kwayet. Look at nigerians GDP, its technically in recession. U know why? Because the so called manufacturers are finding it hard to cope. Forex increase, high loan rates, high duty rate is killing them.
Even the phone you used to type this rubbish, is it made in nigeria? Look around yur room where you lay to spit this gibberish. Point out ten things in your room that is made in Nigeria. You people just harp on export export like its A B C.
How many things do we export, Mr man take your time there o! A country that can't produce pencil. No vex me this afternun.

NameChecker:
The disadvantages of import:
1.Foreign goods are substituting the domestic goods' markets，so the domestic industries (Innoson & Co) are eliminated.
2.Trade deficit will cause the currency devaluation, inflation (Nigeria's Current Problem).
3.The importing of important industries will lose the influence by importing country.

If you still don't understand that the increment is a deliberate measure to discourage importation,
then you know nothing, I repeat, nothing.

***Culled from ECO 101***

Diablo666:
Please where did you get your statistics from that most of the factories have shut down? cos from what I am seeing, more industries are being built daily most especially in the agro-allied sector. From the production of the crops to the manufacturing of the needed machines. I have seen physically the made in benue tractors. The only masterstroke left is for the government to find a lasting solution to the power deficiency.
Have you read the dangote's story. making of Africa's richest man? in his words “I was into importation, until I realised that I would make much more profit locally producing same things I import“. And thats how he became who is is today. Those importers should take up the challenge and start manufacturing same things they import and I bet you, It will be a win-win for everyone

Trailblazer1:
Buhari was an evil sent by God to restore our lost sense and bring us closer to Him.
In times like this, you have no other option than to seek succor and solace in God.
I have renewed my relationship WITH God in other to survive this present evil called BUHARI

segcymoor:
OK oo...........

ba7man:
You're free to sit down in your poverty, scream and curse Buhari, complain about the economy while you gnash your teeth and pour ashes on your head.

I just made contacts with suppliers of what I need......don't have time for people without vision.

Trailblazer1:
Buhari was an evil sent by God to restore our lost sense and bring us closer to Him.
In times like this, you have no other option than to seek succor and solace in God.
I have renewed my relationship WITH God in other to survive this present evil called BUHARI

NameChecker:
The disadvantages of import:
1.Foreign goods are substituting the domestic goods' markets，so the domestic industries (Innoson & Co) are eliminated.
2.Trade deficit will cause the currency devaluation, inflation (Nigeria's Current Problem).
3.The importing of important industries will lose the influence by importing country.

If you still don't understand that the increment is a deliberate measure to discourage importation,
then you know nothing, I repeat, nothing.

***Culled from ECO 101***

Xano:
Interesting post.
Made-in-Nigeria products are produced by imported items.

It would be good for you and others have a rethink.

A large quantity of necessary parts was just delayed by a corporation because of just increased import duty.

ephi123:
Local production without stable electricity. Pray tell, how is that supposed to work ehn?

aloeman15:
Of all the people to use as an example, you choose dangote?
A man who's connected to his eyeballs? Whose entire family and community is made up of the cream of northern society?!
You think exporting mere firewood- not timber o!- is a joke?
Who will loan you money to acquire commercial quantities of your target item- at what interest rate? Where will you store, how will you transport, how much insurance will you pay?
All of this of course, with the assumption that you had a firm supply contract in the first place.
Even the european ban on our beans was extended. Or you think our local manufacturers don't know that there's an export market?
The same govt that can't process crude has the audacity to tell us to export finished goods? Or you're not aware that crude products cost over 90% of our import bill WHICH IS WHY THERE,S NO FOREX FOR OTHER ESSENTIAL IMPORTS? Or you think you'll survive if we stop the importation of wheat, salt, sugar and petrol?
Better take your childish logic to your fellow children.

Chukzyfcb:
I laugh at people like you with poor foresight. Because you export you think you are now an O.G., a baller a shot caller. After making money from your export bizness. Shey you'll come back with naira abi
- buy a car , a foreign one at that ?
- you'll hope to build a house , the materials like roofing sheets are produced in naija abi?
- you'll do some shopping right? Get the latest suit or jeans with materials gotten in 9ja
- your children will go to school with a stable school fees all year round abi
- you'll buy food stuffs like Rice @ a stable price in yur crib huh?
- You will go out to drink beer or wine with your pals them, that's made in naija abi
Gerrara here mehn..........Your country is FUC..KING IMPORT DEPENDENT. At the end of the day, your purchasing power will be gradually eroded if your abroad suppliers don't pay higher for your product.
FG has no clue how to generate revenue other than increase taxes which will be passed onto us in the final goods & you are here talking about exporting leather belt,lool #this nigga amaze me. You think it won't affect you, wait till you hit the market to buy stuffs. #awon economist

ayoolanr:
Lazy thinking! Extremely lazy and typical of the black man!

Diablo666:
Good development. its time to look inwards and build our economy with our own resources just like China did. the temporary hardship is a sacrifice we must make for a long term permanent enjoyment.
God bless pmb
God bless FRN

ba7man:
Didn't bother reading your lamentations.

Don't have time for small minded pessimists without vision or direction in life.

FxDuke:
Look inward? fire!
how do you expect masses to look inward and build?
in an economy where an individual will by accident or chance step into the political arena, and before you say Jack Robinson
He has moved 50billion naira?
and to cap it all, unfortunately you will still manage to find ZOMBIES and WAILERS somehow
worshiping and hailing such an individual!
the move is ill conceived!
certain infrastructure has to be put in place, before such a move is even considered!

Akosa007:
I bliv you inherited your stupidity, how can u discourage importation when you have no economy development blueprint? What happens to improving our technology background, which definitely you have to import before we can start doing ours. Do you know the level of poverty in Nigeria now? Compared to just 2years ago? Please if you don't have better things to say just sharapppp! Misguided youth, dancing to APC change musik, your eyes would soon open, just like Fr mbaka.

AyaSunday:
Good point but you didn't finish it well.
Have you thought of RAW MATERIALS for local production?
Almost all aspects of production in Nigeria has an imported raw material in it.
Nigeria does not have all the raw materials for production so this post above will only keep increasing the cost of finished goods locally.

NameChecker:
The disadvantages of import:
1.Foreign goods are substituting the domestic goods' markets，so the domestic industries (Innoson & Co) are eliminated.
2.Trade deficit will cause the currency devaluation, inflation (Nigeria's Current Problem).
3.The importing of important industries will lose the influence by importing country.

If you still don't understand that the increment is a deliberate measure to discourage importation,
then you know nothing, I repeat, nothing.

***Culled from ECO 101***

NameChecker:
I think the issue is policy somersault. If we want to discourage import then we should continue with this trend. Am just worried that after this govt another will encourage import thereby destroying the foundation that might have been laid for local production.

Whether apc, pdp or labour party, I think we should be consistent.





The disadvantages of import:
1.Foreign goods are substituting the domestic goods' markets，so the domestic industries (Innoson & Co) are eliminated.
2.Trade deficit will cause the currency devaluation, inflation (Nigeria's Current Problem).
3.The importing of important industries will lose the influence by importing country.

If you still don't understand that the increment is a deliberate measure to discourage importation,
then you know nothing, I repeat, nothing.

***Culled from ECO 101***

Love Machine:
Which politicians convoy have you seen them drive the made in Nigeria innoson cars?

Diablo666:
Good development. its time to look inwards and build our economy with our own resources just like China did. the temporary hardship is a sacrifice we must make for a long term permanent enjoyment.
God bless pmb
God bless FRN