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Nairaland Forum / Nairaland / General / Politics / Border Closure: Benin, Niger Economies Under Pressure (58341 Views)
FG Tells Togo, Benin, Niger To Pay Electricity Bills / Nigeria Meets Benin, Niger Over Border Closure / IMF Says Border Closure Negatively Impacting Benin, Niger Republics (2) (3) (4)
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Re: Border Closure: Benin, Niger Economies Under Pressure by Area4Area: 6:15pm On Sep 15, 2019 |
360command:Nigeria never banned the importation of rice through our ports, the FG only stopped banks from giving importers of rice cheap dollars and increased the tariffs and duties paid at our ports, this was to encourage local production and employment and discourage imports. That example of Ghana and the ivory coast doesn't hold here, look for another analogy |
Re: Border Closure: Benin, Niger Economies Under Pressure by 360command: 6:18pm On Sep 15, 2019 |
Area4Area:thanks for the correction.. 1 Like |
Re: Border Closure: Benin, Niger Economies Under Pressure by Area4Area: 6:22pm On Sep 15, 2019 |
vaxx1:If the rice was cultivated and produced in Benin and Niger, that would be a different issue but a situation where they import the rice just for it to be smuggled and dumped into Nigeria is a no no. They make their money from tariffs and duties and we end up with nothing 2 Likes |
Re: Border Closure: Benin, Niger Economies Under Pressure by joseph1832(m): 6:53pm On Sep 15, 2019 |
valentinenw:Lol. I want to believe you're aware that law doesn't apply to Nigeria. |
Re: Border Closure: Benin, Niger Economies Under Pressure by goldman777: 7:11pm On Sep 15, 2019 |
Olasty:That's what you should advice yourself bloody nimwit |
Re: Border Closure: Benin, Niger Economies Under Pressure by chikitobabe(f): 7:21pm On Sep 15, 2019 |
Area4Area:But has Nigeria arrived to that level of self sufficiency? |
Re: Border Closure: Benin, Niger Economies Under Pressure by Jaideyone(m): 8:04pm On Sep 15, 2019 |
BlackfireX:you are a slowpoke |
Re: Border Closure: Benin, Niger Economies Under Pressure by Kennydoc(m): 8:18pm On Sep 15, 2019 |
stinflame: Which river? Does River Niger pass through Benin, Togo and Ghana? |
Re: Border Closure: Benin, Niger Economies Under Pressure by pawesome(m): 8:47pm On Sep 15, 2019 |
Tvegas:its not the mindset.. Is what am seeing.. Rice is still been imported only that to tip and get transportation has become more difficult hence the increase in price. No matter how it goes, daily hia in the north, Rice is been imported.. The closure of the border is meant for the west but not for the north. Think ahead. You guys are always on social network and listen to news and educated. Down hia they know nothing hence attention isn't on them so they can do it on a low and no one will have a clue except them. Think of words to use to satisfy yourself but hia in the north, things are happening |
Re: Border Closure: Benin, Niger Economies Under Pressure by Area4Area: 8:57pm On Sep 15, 2019 |
chikitobabe:You must not arrive to a level of self sufficiency before acting to protecting yourself, most developed countries in the world today applied it at one time or the other to protect their farmers, keep jobs and protect their economies. Japan for example still places high tariffs on rice imports till date and the price is one of the most expensive in the world, this was even after the US tried to squeeze it into accepting uncontrolled imports from the US. |
Re: Border Closure: Benin, Niger Economies Under Pressure by valentinenw(f): 9:30pm On Sep 15, 2019 |
joseph1832: Over apply sef, the telecoms industry is a perfect example. It will be very high in the beginning, but later, people will be begging Nigerians to buy for 8k. Then, I believe we or naira can gain value |
Re: Border Closure: Benin, Niger Economies Under Pressure by joseph1832(m): 10:09pm On Sep 15, 2019 |
valentinenw:the telecom industry is just the only example you have to offer. What about oil and gas, agriculture, textile, manufacturing etc? All in all, what goes up doesn't always come down as long as the Nigerian factor is involve. |
Re: Border Closure: Benin, Niger Economies Under Pressure by valentinenw(f): 11:46pm On Sep 15, 2019 |
joseph1832: The global oil and gas market is another example, when saudi and usa began to flood the market with excess oil the market crashed from $140 - $28. The Nigerian oil market is immune to these fluctuations due to govt subsidy. Agric local market hasn't been given a run for its money due to the massive competition from smuggled foreign imports hence the meagre local farmers can't dictate the price, they simply flow with the imported ones. The textile industry can't be rated because we don't grow cotton here in Nigeria in commercial scale because dirt cheap fabrics from as low as #1k for 5yards have flooded the market from the neighbouring countries. Aba is still struggling with linen production against imported linen, yeah your zippers, linen, buttons are imported Manufacturing hmmmmmm, I'm into manufacturing and I can say categorically that 70% of all raw materials I use in my field is imported from China and the rest, we mainly do assembly here in Nigeria. Sometimes we make sales with lower than projected profits cus when we get to the market, the prices have gone up a notch or two, do we disappoint scarce clients ? No, What about the times the goods are scarce cus fresh container hasn't landed So are we manufacturing ? No, we buy parts from about 2 - 4 countries and assemble them in nigeria and claim they are made in Nigeria. When the border closes, 180million people will be forced to solve the lacking things, naturally prices will be high but as more people enter the industry, newer cost effective techniques are implemented and competition strives, prices will crash. Nigeria's market isn't responsive because of the foreign influence in the market, when Nigerian demand speaks, a foreign supply answers, the foreigners are not affected by Nigerian competition because if Nigeria won't buy from them, they simply look elsewhere, only demand in their country can make them adjust prices. But if foreign supply is cut off or reduced to the barest minimum, when Nigerian demand speaks, the Nigerian supply will have to answer and it will keep getting louder until it matches and even over shadows the Nigerian demand and then, we begin to export . But first, we have to remove the foreign influence and let the Nigerian supply flex its muscles 3 Likes |
Re: Border Closure: Benin, Niger Economies Under Pressure by Okoroawusa: 1:12am On Sep 16, 2019 |
Kennydoc:Am surprised that you don't know... How old are you again? |
Re: Border Closure: Benin, Niger Economies Under Pressure by justtoodark: 3:00am On Sep 16, 2019 |
Iamgrey5: Pan-africanism is a hoax.... it never happened.... its everybody for themselve.... 1 Like |
Re: Border Closure: Benin, Niger Economies Under Pressure by fyneguy: 3:57am On Sep 16, 2019 |
teepain: Japan did the same. They mandated every family to cultivate cotton and invested the proceed on infrastructural and human capital development. |
Re: Border Closure: Benin, Niger Economies Under Pressure by fyneguy: 4:02am On Sep 16, 2019 |
Sensiblerealist: Are they still forcing people to bribe them at the airports? I have not experienced that lately. |
Re: Border Closure: Benin, Niger Economies Under Pressure by Sensiblerealist: 6:29am On Sep 16, 2019 |
Aswear, they are still into that business. They will always look for a way or just simply do what I call "coerced pleading" fyneguy: |
Re: Border Closure: Benin, Niger Economies Under Pressure by Susu888(m): 8:22am On Sep 16, 2019 |
Nice one. Let Benin and Niger choke on the rice they imported... fvking leeches. |
Re: Border Closure: Benin, Niger Economies Under Pressure by writeprof(m): 9:43am On Sep 16, 2019 |
prince2pac: Irony! Discourage importation! Patronise Nigerian furniture makers. they are one of the best in the world! |
Re: Border Closure: Benin, Niger Economies Under Pressure by Folksyharry(m): 10:31am On Sep 16, 2019 |
midolian: This move by FG is long overdue. It's clear we have the capacity to grow enough rice to feed this nation. It may be uncomfortable at beginning but it will get better in the long run 2 Likes 1 Share |
Re: Border Closure: Benin, Niger Economies Under Pressure by adekolaelect(m): 10:43am On Sep 16, 2019 |
BlackfireX:
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Re: Border Closure: Benin, Niger Economies Under Pressure by BlackfireX: 11:05am On Sep 16, 2019 |
Re: Border Closure: Benin, Niger Economies Under Pressure by jude79(m): 11:06am On Sep 16, 2019 |
maybachmusic:I believe you are right not to trust this government, their antecedent bears witness to their selective implementation of any policy they generate. l have no problem with stopping rice importation, but everything has to start from the top, using the eg you mentioned above as starting pt. So we can only believe when we see same rule applies for everybody. Say NO to medical tourism and other obnoxious atrocities committed by the most corrupt tyrannical regime this country has ever experienced. 2ndly, we want proof, as in authentic proof that the whole rice prepared and consumed in the villa are locally cultivated rice |
Re: Border Closure: Benin, Niger Economies Under Pressure by Cooltm77(m): 11:19am On Sep 16, 2019 |
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Re: Border Closure: Benin, Niger Economies Under Pressure by fyneguy: 9:20pm On Sep 16, 2019 |
vaxx1: Balance of Payment (BoP) from Nigeria to neighbouring countries is much higher than theirs to Nigeria. We won't lose much to them if they fight back. Government is only saying they should stop using their countries as transit locations for smuggling. |
Re: Border Closure: Benin, Niger Economies Under Pressure by fyneguy: 9:25pm On Sep 16, 2019 |
chikitobabe: We have the capacity to achieve that now. Many rice mills are ready. We will rapidly attain self-sufficiency when many people see the business case now, and go into local production. |
Re: Border Closure: Benin, Niger Economies Under Pressure by delpee(f): 10:33pm On Sep 16, 2019 |
fyneguy: True. Our local rice is sweeter, fresher and more nutritious. It's healthier than the over processed, chemically preserved ten year old rice that we prefer to import because it's cheaper. |
Re: Border Closure: Benin, Niger Economies Under Pressure by MeeLan: 2:53pm On Sep 17, 2019 |
GrossPrice:unfortunately, you read mine and yet didn't understand it, so how did u understand the book u are asking me to read? I simply said, the custums is corrupt and it should be fixed. But here you are insulting without understanding. If smuggling is the issue, cut out smuggling cos the smugglers and their internal collaborators are patiently waiting for border to open, u can't close it for long, so do the right thing. U hear me now? Mr. Reader! |
Re: Border Closure: Benin, Niger Economies Under Pressure by Just30: 2:32pm On Sep 20, 2019 |
SirWhiteFish:the only country that nigeria supply 20MW of electricity to is niger |
Re: Border Closure: Benin, Niger Economies Under Pressure by Just30: 2:34pm On Sep 20, 2019 |
ORIENTATION101:the only country that TOgo receive electricity from is Ghana i dont no much about Benin though |
Re: Border Closure: Benin, Niger Economies Under Pressure by MuguYaro: 7:36pm On Nov 05, 2019 |
ORIENTATION101: Don’t be silly, you don’t export electricity to neither Ghana or Togo 1 Like 1 Share |
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