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Nairaland Forum / Nairaland / General / Politics / Border Closure: 98 Firms Relocate, Others Lose Millions (49355 Views)
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Re: Border Closure: 98 Firms Relocate, Others Lose Millions by FarahAideed: 4:21pm On Oct 30, 2019 |
NGpatriot: You will relocate this year in Jesus Name |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by helinues: 4:24pm On Oct 30, 2019 |
FarahAideed: I get am before no be property.. I am not underrating your efforts oo.. But stop exaggerating things.. Keep things low and watch out for the outcome... We are not doing bad in life... Still a learner though All the best 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by fishbone11(m): 4:25pm On Oct 30, 2019 |
Were these firms into illegal smuggling? Lie in the pit of hell 2 Likes 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by CoolAmbience(m): 4:25pm On Oct 30, 2019 |
eTECTIV: Big lie! Didn't the said companies see these other countries before choosing to site their businesses here? How does border closure affect them that much when they are producing within Africa's largest market? Please, tell me those things that come from other neighbouring countries that can't be sourced here for their production activities? 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by americaninja1: 4:26pm On Oct 30, 2019 |
Eteka1:Dunlop Nigeria Plc and Michelin had relocated to Ghana. Patterson Zochonis (PZ) is also planning to relocate to Ghana, even as Cadbury Nigeria Plc, Unilever and the International Institute of Tropical Agriculture (IITA) this year, sacked sizeable number of their workers over reported high cost of production, decaying infrastructure.I will prefer to have my industry in an enabling environment where i can get access to my raw material at a cheaper rate through seaport. Togo doesnt have oil or gas they survive on importation to enable industries an access to their imported raw materials. U dont know aw economy work. Like what Sheik of UAE said Lets Build it first and they will surely come. What are we building? So u think Nigeria population is an asset to the industry, population dat 70% is surviving on less than a dollar per day. I rather go 4 20people with money than 10,000 with nothing. |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Afamed: 4:27pm On Oct 30, 2019 |
FarahAideed:Yet you failed to mention the company names for the second time. I am not half baked like you 1 Like |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Afamed: 4:29pm On Oct 30, 2019 |
americaninja1:Did Dunlop relocate to Ghana during APC regime or PDP regime? 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by FarahAideed: 4:30pm On Oct 30, 2019 |
Afamed: The ONUS lies on you Buharist to prove no firms left not me . |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by aribs(m): 4:30pm On Oct 30, 2019 |
Yeah right ! 98 phantom good -for -nothing companies (if they actually existed) which were set up to trade in smuggled goods? Nigeria does not need these types of businesses. We need businesses that would invest in growing the production base , not leeching off it 2 Likes 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Afamed: 4:32pm On Oct 30, 2019 |
FarahAideed:You are also a gay. Onus lies on you to prove to us that you are not a gay. 2 Likes 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by americaninja1: 4:32pm On Oct 30, 2019 |
Afamed:Aint talking about party or politics here , we talking about economics. Industries can move anytime any day if the environment is not favoring them. |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by nokatakata: 4:33pm On Oct 30, 2019 |
lol 98 audio firms.... why can't they import their products legally? Una never start 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by FarahAideed: 4:35pm On Oct 30, 2019 |
Afamed: ?? What's going on here ? |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Afamed: 4:35pm On Oct 30, 2019 |
americaninja1: Below is a list of some of the big companies/organisations that folded up between 1999 and 2015 when PDP was in charge: Osogbo Steel Rolling Company NITEL Nigerian Airways NICOMTEX Kaduna Textile Mill Ltd Peugeot Assembly Plant Leyland Motors Nigerian Shipping Company Bacita Sugar Company Union Dicon Michelin Dunlop Nigerchin Jebba Paper Mill Iwopin Paper Mill Anamco Volkswagen No one knows the number of smaller companies that went under and the number of big ones that would have been added to this inglorious list if they had continue especially whrn oil price fell as low as $29 per barrel. Can you forward the list of those that closed during PMB regime 2015 till date? 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by NovusHomo(m): 4:36pm On Oct 30, 2019 |
niyisky: Let them go! If the only business they engage in is selling SMUGGLED GOODS, I say LET THEM GO!.They don't belong in this country. |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Afamed: 4:36pm On Oct 30, 2019 |
FarahAideed:Hypocrite, you are asking me? |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by kema01(m): 4:38pm On Oct 30, 2019 |
Big lie from d botoom of HELL. another Fake news... Where are dey lolocating to when d market for their finished goods is in Nigeria. What are their names (firms). |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by AkpaAmu99: 4:40pm On Oct 30, 2019 |
[s] helinues:[/s] |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by voltron14: 4:41pm On Oct 30, 2019 |
FarahAideed: Why did you run away from the thread where I proved Jonathan disbursed 100 billion Naira to herdsmen? 1 Like |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Olaa: 4:44pm On Oct 30, 2019 |
Na so e easy to relocate a company? Ee de rora Maa paro . So within 2-3 months you can relocate your business? Chai Empredboy: 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by vaxx: 4:45pm On Oct 30, 2019 |
isthatso:You people mention China to defend the closure of the border as if China and Nigeria are having the same economic fundamental model or all economic principle are equal in both nation. China was never poorly industrialized like Nigeria, it has history that is over 1000 years old as an empire, only India and Persia has the same historical advantage. China alongside India was once the economy power house of the world and China again is on the track to repeat history again. When China closes his economy , over 52 billion dollar remittance of Chinese citizens working abroad are flowing in to the economy and this is was the cash used in developing the industrial sector of China. how much those Nigerians working abroad make? when/ where can Nigerians outsource money for his development without working and dealing with other country? |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by AkpaAmu99: 4:45pm On Oct 30, 2019 |
[s] helinues:[/s] |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by AkpaAmu99: 4:46pm On Oct 30, 2019 |
[s] helinues:[/s] |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by swuftz: 4:48pm On Oct 30, 2019 |
niyisky: But you should have guess from the name of the leader. All the firms are located in the Far Eastern region of the Risen Sun. No need to list them. 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by NGpatriot: 4:49pm On Oct 30, 2019 |
FarahAideed: I can not leave Nigeria because I love my country and I'm not a bitter and Nigeria hating ipob like you. Abeg leave. 1 Like 1 Share |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Nobody: 4:49pm On Oct 30, 2019 |
Melonny: Smiles... Porter 5 forces Have you managed a business before? Which large market opportunity are you talkiing about with loss on transit? Goods being bought and becoming useless at origin? Keep it up |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Jimi24: 4:58pm On Oct 30, 2019 |
Wallade: Its not just a thought. It is fact. Anchor Borrower Program loan defaults are high. The higher prices will push more educated people and financially literate people unto rice farming. Aside from this, with high rice prices, people will partially shift to substitutes like yams, millet and cassava products. Those substitutes' prices will go up.and more people will invest in farming and its value chain. This border closure will transform Nigerian economy. The people that will lose are the people that gained during PDP - lazy, city dwelling, middle class office workers. Unless they invest in.agro allied sector through crowd funding or direct participation |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by tegrianonigltd(m): 4:59pm On Oct 30, 2019 |
niyisky: Other neighboring countries have 24hours light, na them still let Nigeria no get |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by adenigga(m): 5:01pm On Oct 30, 2019 |
chriskosherbal: My Brother, don't be surprised that those 98 firms he was referring to might be a big time receivers of smuggled rice, poultry & vegetable oil. So, border closure will surely hit them. |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by AkpaAmu99: 5:01pm On Oct 30, 2019 |
[s] helinues:[/s] |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by Dagrace01(m): 5:07pm On Oct 30, 2019 |
So the consumers followed them too abi? You think we are fools, the market is here and any company that leave, leaves at their own peril |
Re: Border Closure: 98 Firms Relocate, Others Lose Millions by TommyAnthem(m): 5:11pm On Oct 30, 2019 |
Relocating from a very large market to a small one, is there any economic sence in that? you are just writing rubbish. F.Y.I, I am not an APC member but I am in total support of the economic policy of the government over the closure of our land borders. I ATE LOCAL RICE TODAY, VERY DELICIOUS! 1 Like |
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