₦airaland Forum

tot:
Even the western countries import what they can't produce.

As part of the Brexit analysis, it was shown that the UK produces roughly 60% of the food it consumes. Of the remaining 40%, about three-quarters is imported directly from the European Union, including a lot of fresh fruit &vegetables, and the remaining 10% from the rest of the world. This is for a population of ~60 million, not to mention Nigeria which has triple that.

Who are Buhari's economic advisers? Na wa!

Pistotita:
I don't know why people aren't happy with this action of Mr. President. To me, it's a good move. If he doesn't do this, we will keep importing everything. At least, we need to move to producing over 80% of the food we consume. He is not saying he is banning it, but just not making it attractive so it can force us to go into local production.

blackpanda:
Sir we are not in 1976. This is 2019. Check your calendar

Area4Area:
Anambra already has a variety of rice that wasn't produced before, other states already have.
You can google up the production

The law of supply and demand determines in an economy

daddytime:
Lol...


Nice submission....

Been following the ex deputy governor of CBN's analysis even on sunrise daily this morning.

However, the FG should be addressing the herdsmen-farmers clashes before even attempting at broaching this idea in the first place.

If the above is resolved, trust me...the attraction to foreign food where we have Boku alternatives will be the sole preserve of the rich like in so many other aspects of life.

The ban won't even be necessary because poor man sabi advise himself to mind wet in him shikini money fit afford.

Some people are being unnecessary emotional in their responses here without properly understanding the issue at hand.

I do not agree with Buhari on all issues but that won't affect my sense of reasoning or judgment.

He isn't banning the importation of food...the FG just won't be encouraging it at the expense of our local farmers by providing them forex as an incentive.

If as a businessman, you found your niche and clientele in the foreign food market, what the government is encouraging you to do is to source your forex indep3ndently, get your imports and satisfy your foreign-food hungry market while making a kill.

I'm even trying to take a note of the number of imported food items I consume on a weekly.

The truth is, Nigeria has been living a fake life. Don't tell me about a dollar being 185 or something. All those were purely artificial and unsustainable.

As much as it hurts, we are just beginning to get real with our original 'level' and the best we can do is meandering our ways out of the economic quagmire brought upon by years of waste and economic rape.

This is the real life.

We must go through these hardships to begin to build the foundation for an economy we all dream of.

It can never be gotten on a platter except we want to continue living in denials as in the past.

Area4Area:
I asked for a link and not any hear say

Pistotita:
I'm trying to understand you. Where did you read that Mr. President banned importation of food. Maybe selected food are banned like palm oil which is justified. Did you read he banned importation of most food?

SillyMods:
Disgraceful youths.

Buhari has proved to be wiser and smarter than our so-called economists who know nothing about practicals but theory.

Many times Buhari has floored them on economics matter:

1. During the debate to fully float the Naira against the president's position not to do so, Buhari was eventually proved correct by attaining exchange rate stability without floating the currency.

2. PMB, against noise and wailing banned access to 42 items including toothpicks to save dollars. Today, most of those items are locally produced thereby creating local jobs and increasing wealth for the entrepreneurs who took adantage.

This time, the best president in Nigeria's history says that in a bid to encourage local food producers and make them competitive, the CBN should not provide dollars to food importers. Wailers and wailing zombies are masturbating and bringing up voodoo economics to tell us why it is wrong for the president to say/do so. Please tell us how best to encourage local production if not by making them more competitive? How can people produce locally if the imported goods remain cheap or slightly dearer?

Una no get sense I swear. And this senseless thinking is being led by a wannabe presidential candidate who was a deputy governor of CBN when GEJ sacked Sanusi. The idiot stood by GEJ. He was also alive when Jona the fisherman was ordering Emefiele to release billions of dollars for looting (in the name of fighting insurgency) but kept quiet.

IPOBites and sense are words and their opposite.

You want Nigeria to be like China, Korea, Japan, etc, but you don't want to take the hard decisions! Hypocrites and unpatriotic souls.

Wendybrown:
It's good to know that there are some people that actually still thinks and understands this things.

wellmax:
Rubbish.

Obj banned importation of fruit juice, we all cried and shouted. Today we have several fruit juice companies in Nigeria. You hardly attend a party and see foreign juices. From Chi to Dansa, they have dominated the market providing jobs and helping to grow the economy.

Nigeria learn to feed yourselves.

SillyMods:
Disgraceful youths.

Buhari has proved to be wiser and smarter than our so-called economists who know nothing about practicals but theory.

Many times Buhari has floored them on economics matter:

1. During the debate to fully float the Naira against the president's position not to do so, Buhari was eventually proved correct by attaining exchange rate stability without floating the currency.

2. PMB, against noise and wailing banned access to 42 items including toothpicks to save dollars. Today, most of those items are locally produced thereby creating local jobs and increasing wealth for the entrepreneurs who took adantage.

This time, the best president in Nigeria's history says that in a bid to encourage local food producers and make them competitive, the CBN should not provide dollars to food importers. Wailers and wailing zombies are masturbating and bringing up voodoo economics to tell us why it is wrong for the president to say/do so. Please tell us how best to encourage local production if not by making them more competitive? How can people produce locally if the imported goods remain cheap or slightly dearer?

Una no get sense I swear. And this senseless thinking is being led by a wannabe presidential candidate who was a deputy governor of CBN when GEJ sacked Sanusi. The idiot stood by GEJ. He was also alive when Jona the fisherman was ordering Emefiele to release billions of dollars for looting (in the name of fighting insurgency) but kept quiet.

IPOBites and sense are words and their opposite.

You want Nigeria to be like China, Korea, Japan, etc, but you don't want to take the hard decisions! Hypocrites and unpatriotic souls.

tot:
Even the western countries import what they can't produce.

As part of the Brexit analysis, it was shown that the UK produces roughly 60% of the food it consumes. Of the remaining 40%, about three-quarters is imported directly from the European Union, including a lot of fresh fruit &vegetables, and the remaining 10% from the rest of the world. This is for a population of ~60 million, not to mention Nigeria which has triple that.

Who are Buhari's economic advisers? Na wa!

Area4Area:
Look at you insulting someone making sense and you displaying yourself, most of you do not realize that you eat local rice from those bukas you patronise.
Rice importers ceased to be given forex some years back and price of rice dropped from about 22k to about 14k today because of higher local production

It is people like you who hate Nigeria, you want everything imported but if I ask you what you personally produce and export to generate forex, nothing.

SillyMods:
Disgraceful youths.

Buhari has proved to be wiser and smarter than our so-called economists who know nothing about practicals but theory.

Many times Buhari has floored them on economics matter:

1. During the debate to fully float the Naira against the president's position not to do so, Buhari was eventually proved correct by attaining exchange rate stability without floating the currency.

2. PMB, against noise and wailing banned access to 42 items including toothpicks to save dollars. Today, most of those items are locally produced thereby creating local jobs and increasing wealth for the entrepreneurs who took adantage.

This time, the best president in Nigeria's history says that in a bid to encourage local food producers and make them competitive, the CBN should not provide dollars to food importers. Wailers and wailing zombies are masturbating and bringing up voodoo economics to tell us why it is wrong for the president to say/do so. Please tell us how best to encourage local production if not by making them more competitive? How can people produce locally if the imported goods remain cheap or slightly dearer?

Una no get sense I swear. And this senseless thinking is being led by a wannabe presidential candidate who was a deputy governor of CBN when GEJ sacked Sanusi. The idiot stood by GEJ. He was also alive when Jona the fisherman was ordering Emefiele to release billions of dollars for looting (in the name of fighting insurgency) but kept quiet.

IPOBites and sense are words and their opposite.

You want Nigeria to be like China, Korea, Japan, etc, but you don't want to take the hard decisions! Hypocrites and unpatriotic souls.

hisgrace090:
There's hardly a country that doese not import food they're not sufficient to.

Lionsbet:
Two-weeks old Techno Spark 3 for sale, with carton, recipe and charger.



Price is 30k.



No Hassle!



Location- Ilorin



Fast buyer needed, no time to waste.

tot:
Even the western countries import what they can't produce.

As part of the Brexit analysis, it was shown that the UK produces roughly 60% of the food it consumes. Of the remaining 40%, about three-quarters is imported directly from the European Union, including a lot of fresh fruit &vegetables, and the remaining 10% from the rest of the world. This is for a population of ~60 million, not to mention Nigeria which has triple that.

Who are Buhari's economic advisers? Na wa!

Myde4naija:
mr president only said they will not provide forex for food importers, is that too much to understand?

francisbarrack:
what's d last price

faridasr:
10k

Rosskiki:
MY BROTHER, MAY THE ALMIGHTY GOD BLESS YOU AND YOUR FAMILY FOR THIS COMMENT.

Especially the final remark (in bold).

I keep telling people that our biggest problem as a nation is the unwillingness to sacrifice our current comforts for future success.

Do you know that 35 years ago, Nigeria's roads were filled with Mercedes, Peugeot, Mazda, BMW, and other foreign vehicles. In China, the streets were filled with....bicycles.

Not because the Chinese did not know where to find or how to import or find BMW and Mercedes.

Their govt simply banned/imposed ridiculously high tariffs on foreign car imports.

The result? Bicycles became the most readily available mode of transport.

Not even motorbikes or Okada. Bicycles.

Streets were packed with fully grown, educated men in suits riding to work on thousands of bicycles in Beijing, Shanghai, Guandzhou etc.

What happened next? Car production exploded.. Today China makes cars in millions per year, and still can't even satisfy its domestic market.

Their car industry today is worth hundreds of billions of dollars.

Nigerians, take note.

daddytime:
Lol...


Nice submission....

Been following the ex deputy governor of CBN's analysis even on sunrise daily this morning.

However, the FG should be addressing the herdsmen-farmers clashes before even attempting at broaching this idea in the first place.

If the above is resolved, trust me...the attraction to foreign food where we have Boku alternatives will be the sole preserve of the rich like in so many other aspects of life.

The ban won't even be necessary because poor man sabi advise himself to mind wet in him shikini money fit afford.

Some people are being unnecessary emotional in their responses here without properly understanding the issue at hand.

I do not agree with Buhari on all issues but that won't affect my sense of reasoning or judgment.

He isn't banning the importation of food...the FG just won't be encouraging it at the expense of our local farmers by providing them forex as an incentive.

If as a businessman, you found your niche and clientele in the foreign food market, what the government is encouraging you to do is to source your forex indep3ndently, get your imports and satisfy your foreign-food hungry market while making a kill.

I'm even trying to take a note of the number of imported food items I consume on a weekly.

The truth is, Nigeria has been living a fake life. Don't tell me about a dollar being 185 or something. All those were purely artificial and unsustainable.

As much as it hurts, we are just beginning to get real with our original 'level' and the best we can do is meandering our ways out of the economic quagmire brought upon by years of waste and economic rape.

This is the real life.

We must go through these hardships to begin to build the foundation for an economy we all dream of.

It can never be gotten on a platter except we want to continue living in denials as in the past.

Rosskiki:
MY BROTHER, MAY THE ALMIGHTY GOD BLESS YOU AND YOUR FAMILY FOR THIS COMMENT.

Especially the final remark (in bold).

I keep telling people that our biggest problem as a nation is the unwillingness to sacrifice our current comforts for future success.

Do you know that 35 years ago, Nigeria's roads were filled with Mercedes, Peugeot, Mazda, BMW, and other foreign vehicles. In China, the streets were filled with....bicycles.

Not because the Chinese did not know where to find or how to import or find BMW and Mercedes.

Their govt simply banned/imposed ridiculously high tariffs on foreign car imports.

The result? Bicycles became the most readily available mode of transport.

Not even motorbikes or Okada. Bicycles.

Streets were packed with fully grown, educated men in suits riding to work on thousands of bicycles in Beijing, Shanghai, Guandzhou etc.

What happened next? Car production exploded.. Today China makes cars in millions per year, and still can't even satisfy its domestic market.

Their car industry today is worth hundreds of billions of dollars.

Nigerians, take note.

Lionsbet:
28k
08127730452

miketayo:
importation of rice . stop acting ignorant joor

Wendybrown:
Many just do not understand this things. Developed countries are not consuming countries but rather productive countries and that's exactly what this man is trying to do. it's a step at a time.

Myde4naija:
If you know the only business sense you have is to import food please search else where for your forex and stop dipping your filty hand into our hard earned foreign exchange. Abeg, Biko, ejoo, yankuri.

ibechris:
The simple thing is the fact that our president does not understand "comparative advantage. And most painful is that,America is the highest producer of beef and milk in the world yet they still import more from China and Brazil to cushion the deficit.

Similarly,China is one of the biggest producer of soybeans in the world and still the biggest importer of soybeans in the world.

Meaning no country is self sufficient in every thing.
Buhari is a national headache.