₦airaland Forum

lonelydora:
H
No name calling bro. Just being sarcastic.

modsfucker:
Is that the diversification they've been talking about? It's ok... Giving a farmer less than a million naira loan and you think that can make a difference.... Who told you that they don't have that amount in their pockets?

Firefire:
Please who in Edo received the N518 Million, I presume OshiOmole?

I think for clarity sake, CBN should publish the names of beneficiaries, ASAP.

todayboy:
They want to share Nigeria money to northern farmers

When CBN start giving loan

Buhari is a failure

Firefire:
Please who in Edo received the N518 Million, I presume OshiOmole?

I think for clarity sake, CBN should publish the names of beneficiaries, ASAP.

Rick9:
So dis country get money like this.

Icecomrade:
Where is the list of beneficiaries?

Lies everywhere

anonimi:
Good move by our president as he builds on the excellent work of the previous administration in agriculture.
Kudos.
Way to go.



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OBALORLA:
Teach us how to fish instead of giving us fish every time.
Successive governments have tried this trick of handling out loans to farmers… bla bla bla but they seem not to be yielding any fruitful results.
Though not so grounded in govt and its policies but the truth is Nigerians have too many problems to cater for and at the same time, this set of people love to live largely irrespective of their income bracket. We like parties and show off a lot. These habits and more will make the management of funds very hard. Hence, making the loans go into the drain within 3-5 years (the average time for a startup to close up) and they are back to square 1.

Since we have the capacity according to this statement “look at rice for instance, 28 out of 36 states can produce rice …” why not have at least 3 stations in these states where farmers can be advised to bring in their harvests. Where the government can pay for them instantly (after testing their edibility), sell to the public at lower prices.
Let’s take rice for the sake of this illustration:
If on the average, the selling price of farmers for a bag of rice is #10,000 the farmers can bring it to any of these 3 centres where the rice can be tested then the government can then buy it from them for #11,000.
This will bring about excess profit for the farmers, thereby giving them natural ginger to work harder since more bags means more excess profits. It will also reduce the risk which the public will be exposed to, since it must have been tested.

On the other hand, these bags of rice should be sold to the public at #8,000, hence creating incentives for buying not just rice but locally manufactured rice.

What has happened here is the simple producer surplus of 1,000 and consumer surplus of 2,000. i.e #3,000 to be borne by the government which the loans they plan on giving out to farmers can be used in servicing.


Doing the above will:
Increase the faith of the people for the government.
Increase our patronage for domestically produced goods.
Reduce the rate at which we demand for dollars.
Encourage graduates to go into agriculture since they know there is a trusted customer “the government”
The list is endless

Within time, it will get to a point where supply might want to exceed demand; we can then now start thinking about resurrecting our lost pyramids. From where we can then start exporting firstly to neighboring African countries given our “big brother” status. But countries such as these ones: www.nairaland.com/3340941/top-poorest-countries-world-2016 should be donated to as gifts.


…Only the fed can think right
In case I have just typed rubbish, please blame it on
- I’m yet to take breakfast.

bashydemy:
You mean tha last administration that owe #65billion for fertilizer?

anonimi:
Government, like business, is a going concern that owes and is OWED money at any point in time.
#FreeEducation.
Thank me later.

bashydemy:
Lol you are failure, You fail your entire generation with that nonsense you type up there.

Nothing the Govt will do that will satisfy you lots even if your state was given the highest from the loan... Ogun kill all wailers and enemies of the country.

bashydemy:
Oh.. same with #600billion marketers money?

Beside how much debt did OBJ left for the Yaradua/GEJ administration?

Obasanjo shared $74million Halliburton bribe, Okiro Panel says: • OBJ also pocketed another $5 million with PDP • Interim Panel report disappeared in Aso Rock
MAY 18, 2010

President Olusegun Obasanjo, who led Nigeria from 1999-2000, during which time he swore to fight corruption in the country, obtained considerable helpings of the infamous Haliburton bribe money, the Special Investigation Panel headed by Inspector-General of Police, Mike Okiro, has declared in an interim report.


More from: http://saharareporters.com/2010/05/18/obasanjo-shared-74million-halliburton-bribe-okiro-panel-says-%E2%80%A2-obj-also-pocketed-another

anonimi:
You mean how much did Ebola Owu LEAVE for Yar'Adua federal administration?
You should go and research that and tell us with credible links as your All ProgreTHIEF Criminals, APC party people are only about LIES, propaganda and fake stories.
Meanwhile you may need to ask for a refund from your English teacher and get a new one so you stop shooting and throwing grammatical grenades all over nairaland.
I guess only illiterates flock together with their illiterate leader looter.



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bashydemy:
OMG do you need an invisible slap to reset your brain? I ask about debt and you talking about Halliburton bribe.. Abeg how much debt did Yaradua or GEJ paid when they get into office? I mean like PMB is doing now? If you can be honest with yourself you will know PMB have been paying all debt left by GEJ..


About my typing you want me to start consulting dictionary before i reply comments on here? I SMH sometimes for most of you guys that look into blunders on here.. Wetin concern me. Am replying anonimi, Do i need an oxford?

anonimi:
Yes, you need a dictionary.
Actually you need a teacher.
Cheers.

modsfucker:
Is that the diversification they've been talking about? It's ok... Giving a farmer less than a million naira loan and you think that can make a difference.... Who told you that they don't have that amount in their pockets?