₦airaland Forum

Nukilia:
Signing the agreement will lead to a total collapse of the Nigerian economy. The only business that will survive is marketing, sales men everywhere and industrial growth will be a thing of the past.

zuchyblink:
It is as if Nigeria is going to run a closed economy because we can hardly compete with the countries that signed the free trade pact. Our products will be highly taxed in other African countries. Other products from other African countries will take over the position of dangote, innoson etc because cheaper cement and cheaper cars are going to come from other African countries. Investors will run away from Nigeria so that they can be able to access the bigger market. I stand to be corrected.

EternalTruths:
Let's cut the chase through a simple question


Just imagine Kenya cars of #250,000 entering Nigeria against Innoson cars of #1,000,000.

Do you think Innoson will be able to sell again in a country filled with poor people.?

Do you think Innoson will be able to create more jobs if his industry close down.?

baby124:
That’s too much free trade Biko. All these African countries that let any toxic thing come in from Europe and Asia. They need to first deal with border porosity and standard of goods before they talk about free trade. We also have enough insecurity in our country to deal with. Not to talk of a potential bunch of terrorists using Morocco and Egypt and Mali as a gateway. I am glad we didn’t sign.

zuchyblink:
It is as if Nigeria is going to run a closed economy because we can hardly compete with the countries that signed the free trade pact. Our products will be highly taxed in other African countries. Other products from other African countries will take over the position of dangote, innoson etc because cheaper cement and cheaper cars are going to come from other African countries. Investors will run away from Nigeria so that they can be able to access the bigger market. I stand to be corrected.

theenchanter:
Lie.

OfficialAPCNig:
Nigeria will be better off. #Int'lEconomics

Anyway, I just responded to that in a comment above.

deomelo:
Nigeria controls 40 % of the trading transactions in West Africa.

deomelo:
Many countries in West Africa still depends on our industrial output/export and we earn more from Agric than what many of thee countries earn in total.

zuchyblink:
It is as if Nigeria is going to run a closed economy because we can hardly compete with the countries that signed the free trade pact. Our products will be highly taxed in other African countries. Other products from other African countries will take over the position of dangote, innoson etc because cheaper cement and cheaper cars are going to come from other African countries. Investors will run away from Nigeria so that they can be able to access the bigger market. I stand to be corrected.

OfficialAPCNig:
I will recommend any text book on:

International Economics

Advanced Macro Economics

Wealth of Nation by Adam Smith

Structure of Nigerian Economy

Economic History of China.

Buhari just denied you access to 1.2 billion consumer market.

theenchanter:
deomelo:

[b]Nigeria controls 40 % of the trading transactions in West Africa.[/b]of course it is, don't forget Nigeria alone is 50% of west Africa.
By d way, I only countered ur claim that west African nations depend on our industrial output and we earn more from agric than what they earn in total, as quoted below. which is a blatant lie.
deomelo:

Many countries in West Africa still depends on our industrial output/export and we earn more from Agric than what many of thee countries earn in total.

EternalTruths:
I searched but I didn't see you answer.

Can you give me your answer to this questions below



Just imagine Kenya cars of #250,000 entering Nigeria against Innoson cars of #1,000,000.

Do you think Innoson will be able to sell again in a country filled with poor people.?

Do you think Innoson will be able to create more jobs if his industry close down.?

deomelo:
Why not articulate your objections instead of "empty" quoting my quotes.

OfficialAPCNig:
The fact we don't have doesn't mean we don't have the capacity.

Do you now see why I said you are as dumb as Buhari?

Stop being stupid, there are a lot of franchise businesses in Nigeria. It is not just the francophone countries.

I don't blame you. I blame the school you graduated from

Have you heard of Factor Equalisation, do you understand what Repercussion Effect is in Economics?

With this common market now, there will be 2 mega markets in Africa, AU's 1.2 billion Mega Market and Nigeria's 180 Million market. Which market do you think Investors would love to access?

We would conquered Africa if our 180 Million market can access that 1.2 billion market. Foreign Investors would use Nigeria as a base to access that AU market.

zuchyblink:
It is as if Nigeria is going to run a closed economy because we can hardly compete with the countries that signed the free trade pact. Our products will be highly taxed in other African countries. Other products from other African countries will take over the position of dangote, innoson etc because cheaper cement and cheaper cars are going to come from other African countries. Investors will run away from Nigeria so that they can be able to access the bigger market. I stand to be corrected.

Nukilia:
You're smart! The main problem is that the Chinese will exploit the opportunity and flood our market with cheap goods, leading to a systematic collapse of our local industries

Nukilia:
You're smart! The main problem is that the Chinese will exploit the opportunity and flood our market with cheap goods, leading to a systematic collapse of our local industries

deomelo:
Other African countries don't manufacture cars to send to Nigeria and we don't have to export cement from Nigeria, Dangote produces cement from other African countries and he can export cement from there to other African countries and still send profits back to Nigeria.

deomelo:
To start with, not joining the pact has nothing to do with export, but more about preventing dumping, cheap imports and protecting our local economy.

Stay on topic and quit bringing up irrelevant argument.

theenchanter:
no, it's not like that, Nigeria can regulate everything that comes into d country in order to encourage local production.

China won't exploit d opportunity.

Nukilia:
The game plan is bigger than what you are looking at, we are within the master plan of the Chinese and Europeans for Africa....

AreaFada2:
So you are not aware that dumping is only possible because other countries can produce cheaper than us because they have electricity and better economic policies? If my good quality made in Nigeria toothpick pack is 100 Naira why would I buy same from Burkina Faso for 180 Naira?

You touted Buhari's better economic policies and once all that is rubbushed both historically and contemporarily it is suddenly off topic? A favourite zombie method. They want to hear only praise songs of Buhari. Not the truth.

Incessant closure of companies and massive job losses do not fit into Lai Mohammed deception agenda.

zuchyblink:
what of other companies that don't have factories outside Nigeria? It simply means innoson cannot supply his cars to other African countries or his auto parts. It is going to encourage him to set up a factory outside Nigeria

deomelo:
America is the world's largest economy and they have 24/7 electricity and they are still blocking dumping so what's your point exactly.?

Cheap goods from destined for Nigeria won't be coming from any of the African countries you mentioned, but from China and repackaged in poor African countries as countries of origin and not China. This is what we are trying to avoid.


Typical ignorant and unintelligent ipob with sad and pathetic anti Nigerian mentality.mentality.

deomelo:
America is the world's largest economy and they have 24/7 electricity and they are still blocking dumping so what's your point exactly.?

Cheap goods from destined for Nigeria won't be coming from any of the African countries you mentioned, but from China and repackaged in poor African countries as countries of origin and not China. This is what we are trying to avoid.


Typical ignorant and unintelligent ipob with sad and pathetic anti Nigerian mentality.mentality.

deomelo:
America is the world's largest economy and they have 24/7 electricity and they are still blocking dumping so what's your point exactly.?

Cheap goods from destined for Nigeria won't be coming from any of the African countries you mentioned, but from China and repackaged in poor African countries as countries of origin and not China. This is what we are trying to avoid.


Typical ignorant and unintelligent ipob with sad and pathetic anti Nigerian mentality.mentality.

Articul8:
To an extent i think refusal to sign it should help protect out own local industries. That will enable us monitor, control and check the inflow of products coming into our market.
However,in this century,no country is economically self sufficient.

AreaFada2:
Your problem is ignorance and tribalism. Anybody who disagrees with you warped idea is suddenly Igbo.
Why does China have to repackage in other countries when they already have direct access and able to flout imbecilic policies.

Is the yuan-Naira currency swap going to make Chinese goods cheaper in Nigeria already. A Nigerian leader who runs abroad for months to treat "anaemia" and "hale & hearty" disease using undeclared public funds while innocent Nigerian kids die of incurable diseases is the archenemy of Nigeria.
Not a citizen who laments our inability to dominate the market of other African countries while claiming giant of Africa.

Your ignorance prevents you from knowing that the large domestic market of a huge affluent population gives USA the leverage to dictate to other countries.
I earn hard currency and invested in farming in Nigeria.

Until herdsmen prevented workers from going to farm. I do not have to as I can enjoy my life where I am. How do you contribute to Nigeria meaningfully Mr Lover of Nigeria?

deomelo:
And the largest market and buying population in Africa doesn't and won't have such leverage?

Look at you negating your own argument with your own ignorant argument.

Typical ipob upside down mentality.