₦airaland Forum

LydayBobo:
Am a die hard fan of PMB but am beginning to think he should be head of EFCC than GCFR. He should please listen to the masses.

LydayBobo:
Am a die hard fan of PMB but am beginning to think he should be head of EFCC than GCFR. He should please listen to the masses.

NameChecker:
If a ban is placed on importation, Foreign investors will be forced to invest in Nigeria. They will begin to manufacture their initially imported product in Nigeria. Just as Nokia, Samsung and Nissan are currently doing.

osile2012:
[size=18pt]You can Rate PMB... [/size]

Keneking:
This government has failed the economy woefully

sleek16:
This Government is a disaster.

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:
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:
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:
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:
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:
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***

kkboy:
Better. It's a duty call for all to stop importation, and start petronizing made in Nigerian goods and services

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:
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:
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:
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***

charlsecy:
What does Nigeria produce at commercial quantity?

Sacluxpaint:
And what measures have been put in place to support local industries? The fuel we buy is still imported, if you like do a thesis on all the economics you know, this govt has no vision or mission planned.

kkboy:
Better. It's a duty call for all to stop importation, and start petronizing made in Nigerian goods and services

charlove:
and the masses should starve to death because na copy
and paste u go do for school abi

kraftykc:
Do u imagine innoson and other manufacturers do not import too? or are their products assembled all parts 100% fabricated here in Nigeria? My uncle is a manufacturer and nearly lost his business because he sent for components to be crafted in Germany due to the specialist specifications, if the items didn't arrive on time it would be a different story today.

Every country on earth imports!! Yes we do a lot more than we should but this is not the way to solve the situation. What about drugs for cancer etc and hospital perishables that are all imported? Wicked suddenly develop cancer research centers with 50 years of experience and corporate practice and stop importing drugs


This President is hell bent on destroying his own goodwill again....

repogirl:
Mr fake economist.... this move will bring about more harm than good, just watch. They have only killed small businesses but large importers will still bring their goods into the country and inflation will thrive.

You don't suddenly wake up and put these restrictions when you haven't put other things in place for the affected people to fall back on.

When fundermental infrastructure is provided, industries will naturally spring up and gradually people will be weaned off patronising imported goods. Or if the government likes, they can then impose restrictions only after the system is sustainable.

Take Dangote industries as an example. It didnt appear overnight, it grew and now it is one of the largest in Africa. Were there no imported goods when Dangote was starting out? Did that affect his industry developing into what it is today?

Put the right things in place and diversification will happen.

dotedote:
What alternatives have you here in Nigeria for products like BMWs and the likes? Innosons my foot.

NameChecker:
My Oga,
I agree with you that all country rely on importation but the difference is what they import.
A country should import Raw Material not Finished Goods
It is much cheaper to import raw material (Compare much much we sell our crude oil and
the amount we pay for the end product; Petrol, Diesel, Gas, etc)
That is the reason Dangote & Innoson are surviving in the business.

The policy to increase import duties is a strategic one