360command:
you know the answer already.. even though Nigeria consumes more rice than Benin rep, but where those rice comes from is Benin due to Nigeria banning rice imports on rice.. so this is why Benin is the 6th largest importer of rice..


There is a similar scenario which happened in 2010.. Cote d'ivoire is the world largest importerexporter of cocoa but when their war or civil violence came up in 2010, Ghana became the largest producerexporter of cocoa. It is not that Ghana planted or harvested or produced more cocoa but ivorians smuggled their cocoa out into Ghana just to importexport it..

Area4Area:
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

vaxx1:
i never wanted to comment on this topic, but you pen down something worth replying. you show knowledge of the subject but a flaw understanding.

benefiting of protectionist theory is only temporal, if those nation decide to fight back, it will not be of interest to Nigeria. or you are not aware this countries too can fight back? Nigeria export to those countries too.

The benefit simply ends once benin and Niger republic begin to retaliate by erecting their own protectionis, in the long term, trade protectionism weakens the industry. Without competition, companies within the industry have no need to innovate. in the long run, nigeria domestic product will decline in quality. It will be lower quality and still be expensive than what foreign competitors will have produce.

valentinenw:

What goes up must come down as long as the borders remain closed. Bag of rice that costs 3-5k to produce per bag will become he next oil well

Olasty:


Will you keep quiet

Area4Area:
Most of you don't understand things.

The FG didn't ban importation of rice, it only placed it among goods that importers won't be given subsidized dollars to import. So they must source for their dollars in the open market.

The FG increased the tariffs and duties on imported rice through our ports, this was to discourage imports and encourage local production by farmers thereby creating wealth and jobs for those into rice production.

Importers seeing that importing through neighbouring countries and smuggling into Nigeria was cheaper decided to go for that option.

Who loses or gains?
Loss

Loss of tariffs and duties to our neighbours,
Low price of imported rice discourages local farmers from expanding production,
Unemployment.

Gains

Asian rice farmers smile to the bank, they make more money and pay taxes to their home governments, more employment too,
Our neighbours make money as well because of the tariffs and duties Nigerian importers pay,

Developed countries like Switzerland and even Japan still have some form of restrictions on imports of agricultural produce because they want to boost production and help their farmers, why can't Nigeria do same?

Any serious rice importer should import through our ports, pay normal tariffs and duties and sell. I personally would wish that foreign rice to go as high as 50k, if you can't afford it then go for local, if you don't like it, other sources of carbohydrate are available an
d if you are not satisfied, DRINK WATER.

BlackfireX:





Is only rice importation you see blind barthemeus

Can you swear that the cloth you are wearing right now is local fabrics,what of your footwears


Come no let me swear for your already dilapidated porous life mbok.

stinflame:


Light can't be cut off,agreement and price you pay for daming a flowing river

Tvegas:


What a poor and defeatist mindset. Why dont you fix the corruption issue?

chikitobabe:

But has Nigeria arrived to that level of self sufficiency?

joseph1832:
Lol. I want to believe you're aware that law doesn't apply to Nigeria.

valentinenw:

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

joseph1832:
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.

Kennydoc:

Which river? Does River Niger pass through Benin, Togo and Ghana?

Iamgrey5:
Good !

How can Benin Republic with a population of 16millon become the sixth largest importer of rice in the world and the largest importer of rice in Africa.

Sometimes I doubt anything like Pan-africanism ever existed.

Yet, the president of Benin wants Nigeria to open its borders for further exploitation.

https://www.worldatlas.com/articles/the-largest-rice-importers-in-the-world.html

teepain:


The government should be encouraged to even tighten the importation noose more.

Even if it will be more expensive in short term, Nigerians will gain more in the long run.

When Nigerians wear foreign clothes, drink foreign wines, eat imported food, it baffles me when they complain about unemployment.

For every grain of imported rice Nigerians actually provide employment for input sellers, agric engineers, extension works, marketers, supply chain experts, warehouse owners, transportation companies of the exporting countries.

China closed their border for more than 10 years and within that period they learn to produce whatever they needed, it was tough for them but then they are reaping the fruits of their sacrifices today.

Sensiblerealist:
All these measures would have been perfect if there were no or very few saboteurs in the system. Let them buy the most advanced gadgets in the world and place them everywhere, it will still not stop the personnel that gain from smuggling activities in turning the blind eye or simply engaging actively for financial rewards.
E.g, are there no cameras at our airports, yet we are are travelling, it is right under this cameras that airport personnel take bribes or force you to give them even when you have nothing to hide in the fear of being delayed and missing your flight.
I don't know how,where or when we will make things right in our dear nation

fyneguy:


Are they still forcing people to bribe them at the airports? I have not experienced that lately.

prince2pac:
Good


contact us now for the best of imported Turkish furniture

midolian:
bro, this is not theory. It's practical. Locally produced rice for now will be very expensive because we don't have enough to go round and Nigeria being a country filled with corrupt and opportunistic people will experience a hike in the price of the available little.

Now imagine the Federal Government leaving the borders closed for another 3years,...lemme remind you that any business that brings in good money in Nigeria will be 'flooded' till the business crashes or becomes less profitable. What I am trying to say here is that, with the kind of money farmers will make during this period of border closure will encourage many more people go into farming...and before you know it, there will be more than enough to go round...and before you know it, farmers will be struggling to get people to buy their own...

Bro, this is beyond corrupt Nigerians. It's a natural thing. The price will crash.

BlackfireX:
Mumu govt

Jaideyone:
you are a slowpoke

maybachmusic:
Please all borders for medical tourism should also be closed


Let aso rocks clinics be turned to john hopkins

You can decieve zpmbies but not us

vaxx1:
i never wanted to comment on this topic, but you pen down something worth replying. you show knowledge of the subject but a flaw understanding.

benefiting of protectionist theory is only temporal, if those nation decide to fight back, it will not be of interest to Nigeria. or you are not aware this countries too can fight back? Nigeria export to those countries too.

The benefit simply ends once benin and Niger republic begin to retaliate by erecting their own protectionis, in the long term, trade protectionism weakens the industry. Without competition, companies within the industry have no need to innovate. in the long run, nigeria domestic product will decline in quality. It will be lower quality and still be expensive than what foreign competitors will have produce.

chikitobabe:

But has Nigeria arrived to that level of self sufficiency?

fyneguy:


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.

GrossPrice:


Read "The elephant and the dragon: the rise of India and China"

Then return and edit or redact this nonsense you wrote.

Lazy youth ... keep dreaming of overnight success... Last last you go dey alright

SirWhiteFish:
Nigeria actually supply electricity to different countries Benin and Niger and others

ORIENTATION101:
Nigeria still supply Togo, benin
and Niger electricity till date and they re heavily owing Nigeria.
Ghana too is heavily owing Nigeria for Gas supply .

https://thenationonlineng.net/nigeria-raises-concerns-electricity-debts-owed-benin-togo/

ORIENTATION101:
Very Good Nigeria is not doing Big Brother again. You neighboring countries have been milking us since.

The importers in your countries pays billions of dollars annually to ur respective government on rice duties. then smuggle the rice freely to Nigeria to sell and still make money without paying tax. What nonsense.

Buhari please cut of Benin,ghana,Togo,niger lights their debts is too much. Nigeria cannot be giving light freely when we citizens re paying high fees to enjoy power.

No more economic Big Brother again period