₦airaland Forum

Yet our data generators/BMC agents say stock market confidence is highest under their book-cooking Oga.

FreeStuffsNG:
This will be very cost effective for the farmers,
improve their crop output and give them a higher profit margin

your job is to be optimistic about whatever the APC govt does or says.

Tinubu: We will, we will....
FreeStuffNG: yes, you always will...

We will, we will...
Nice promises. Fearful realities.

What kind of news is this? Profit or revenue?

Never eaten such. It looks sacrificial though.

FreeStuffsNG:
Started what again? Abeg it's too early to remind Nigerians of the locust years of HE Goodluck Jonathan.

dormant projects used to loot.

A drop in the ocean.

FreeStuffsNG:
He is in a world of his own and talking to himself when the ground has shifted under his feet

11,000 souls perished, mostly defencelss babies, children and women, at his order and he still thinks anyone is listening to him after he has been told to stop the killings yet he refused. Smh

It's already a month of continous bombarding, draining military stockpiles yet no victory and he is being drawn into a long war with increasing isolation of his people in a global village with most flights in and out of his country cancelled, Isreali he ordered to leave Southern Israel yet to return to their houses, schools closed, Hezbollah striking and disrupting lives in Northern Israel etc. There's something he is not telling himself, he is winning a battle not the war.

US is supplying both Ukraine and Israel with arms largely built from supplies from China,
Indonesia and Russia, these 3 countries that dominate the supply chains of the materials used in manufacturing arms have placed controls on supply. They will draw him into a long war like Ukraine and drain him until they will now hit back at him.

Unfortunately, it will be from within his own people who will see the futility in his strategy. Hamas is supposed to be a 5,000 to 15,000 brigade, it's strange that despite repeated bombings, air strikes, tanks, hundreds of thousands of Isreal soldiers etc, for a whole month, IDF still cannot pronounce victory yet the Hamas are not ghosts.

When I watched the release of the two hostages last week, I saw the Hamas fighters, they are so confident that I kept wondering if these are people in same Gaza Isreal has been bombing for weeks. So who are the Isreal politicians deceiving? Check my signature for free stuffs!

Release babies being held hostages instead of your dry epistle of broken heart. If not for the causation of no harming the captives, I am sure Gaza will be a ABOKI scrap scavenger heaven by now.

Blue3k:
What do you think competitive advantage means? Nigeria not only produces the most it has highest production per hectare. The cost is affected by things other than it's supply. This is why Nigeria isn't a huge exporter despite it huge production.

Things unique to Nigeria. That makes us have no competitive advantage as you posited.
As for the other aspects like cost of production or yield per hectare, I won't spend too much energy on those, I believe you must have seen what am talking about.

With the way we are setup in Nigeria, we can hardly have any competitive advantage in anything. Largest producer doesn't mean you have it cheapest. Our beaf/cow milk cost is one of the worlds lowest if not the lowest, but if we attempt to scale up based the current nomadic template of herders, it will only mean more crops of farmers and their blood sacrificed. That is a good example of low production cost, but no competitive advantage. We just sacrificing crops to have cheap beaf.

Blue3k:
Yams and cassava are staple foods Nigeria has a competitive advantage in production. Nigeria is the world's largest yam producer. The country lacks on the export side because transportation and storage requirements.

Compare the cost of those crops in Côte d' voire to ours and see if we still have a competitive edge in yam and cassava production. Being worlds largest producer doesn't translate to having a competitive advantage in something. Yams are far cheaper in ivory coast. It is like saying Nigeria is an economic giant because of GDP size but ignoring per capita poverty indices that exposes low living standard.

By the way, my understanding of competitive advantage in production is summarized in the cost of producing that thing. If I can produce something cheaper then I have competitive e advantage in its production. Yours seem to be about the country that's the largest producer without factoring in whether the volume produced can cover half of local demand. Mind you, demand is dictated by supply level for now.

Why not? If we have enough dollar to drive down prices and local goods to discourage dollar demand, it can go better.

Blue3k:
He admitted Nigeria doesn't have the competitive advantage without noticing. Other countries get much better yields. Getting 2 tons per hectare is very low. The most productive countries get 10 tons per hectare. The average should be around 5.

Depending how you interpret the phrase, competitive advantage, I don't thing you understood my post. I am aware Egypt is averaging 10 tonnes. My point is what other crop can Nigerians cultivate better than rice that is key staple food?
I throw the challenge to you openly. The moniker you supporting, that's mouthing competitive advantage, couldnt provide any other crops we have competitive advantage in.

blowjohn:
This one wey e resemble cerelac like this

By the way, is it the same thing as 'cuscus' or kuskus'?

it is more of a babyfood thing than a rice alternative. Though they call it poor man's rice, it isn't as sweet as rice or as satisfying as rice. It offers more in termsmof nutritional spread but is still inferior to rice in terms of staple food.

grandstar:
My Jesus is lord! 10 tons. Even if Nigeria achieve 5 tons that would be something.

These people never learn. How will you advise people in this day and age to go into farming as though it is the antidote to country's economic malaise?

Czech republic which is about 15 years (my guess) behind economies such as that of fellow EU member states like Belgium or Austria exports $181bn worth of goods.

RepoMan007

lol. The way you and your clique of textbook economists cling unto unworkable ideas is nothing less than stunning. I used the lower value of 2 tonnes for my illustration because most farmers around are subsistence farmers who do it to get by.
If you will be honest about your textbook ideas and do a little bit of research, you will quickly see there are Nigerians achieving close to 10 tonnes a hectare but very few. You will also realize many are afraid of GMO and so willingly embrace low yielding varieties. Mechanization is also an issue. Irrigation(lack of it) is another.
Thee are issues that can be overcome and bring most farmers closer to Egypt's 10 tonne per hectare like Olams and few other major farms are achieving.
I cannot see how any of the above amounts to lack of competitive advantage when you consider the place of rice in food preference table of Nigerians. Getting a meagre 2 tonnes per hectare is to me far better than 1.5 tonne of corn(arguably, the best next stable to rice) per heectare.

It seems to me you are more interested in winning a debate than being realistic and reasonable about issues leading to low productivity of rice by local farmers.

We haven't talked about the issue of taxes too o. Levies by third parties like thugs who extort them or bandits.

MindHacker9009:
What Can A CS Degree Holder Program that a self-taught cannot do?

What can a surgeon do that a quack cannot do?

grandstar:
Stop telling people to go back to the farms. It is archaic.

Look at what these tiny nations are accomplishing

Israel's with 9.5 million people: exports $188bn imports: $108bn
Switzerland 8.63 million people: Exports $488bn Imports: 291bn
Netherlands: 17.5million people: Exports: 719bn Imports: $454bn

If Nigeria wanted, we can produce enough rice to feed the globe but lack comparative advantage.

That is why there's practically a ban on the importation of the product. Nigerians are now compelled to pay more for rice than they should otherwise do because locally produced rice is costly.

Sheabutter, sesame seed, cocoa, cashew nuts and so on. Please note that a country having comparative advantage in one product today does mean you can't lose it tomorrow.

For instance, many enterprises that used to purchase products from China are now buying it from other countries due to rising labor costs in China that have forced an increase in the price of Chinese made goods.

Maybe it is hunger that isnt archaic in your twisted logic of winning debates by any means.

Stop using facts for illogical arguments. All your redundant facts are already known to me. You are just argumentative for no reason. Comparative advantage mean something that works out better economically and even that rice you are talking down has a lot more advantage than any other food in Nigeria. Even more than corn. You still didn't answer my question about what we have comparative advantage in.
The issue is not the rice itself but the superior varieties with lower yield we love to plant and low mechanization/poor planting practices. Pronouncing that as lack of comparative advantage is nothing more than erroneous rationalization of textbook concepts. Are you telling me the output of Olam(Nigeria's largest rice farm) is low too also? The farm is mechanized.

In a country where middlemen work in groups and are known to regulate prices, can we attribute those to lack of comparative advantage on the end product. The way you guys leave reality to spew textbook jargons just to sound knowlegeable is something else.

grandstar:
We could do better in cocoa but not enough money is being poured into it. Rather, the country focuses on rice.

More importantly, the biggest problem our exports have is high cost of loans. This discourages not only increase in agricultural production but movement up the value chain.

Nigeria has only grabbed the low hanging fruit. For the country to move up the value chain from semi-processing commodities to even a final product such as chocolate, affordable credit is needed. It would be great if companies can borrow money at 8% for instance. It would lead to an investment boom.

The high cost of credit is why nigerian businesses prefer trading.

Also, it is a myth that producing cocoa gives you a comparative advantage in making chocolate.

I have noticed that the countries that do best in chocolate are those with a very high per capita consumption of it like Switzerland and Belgium.

A country like Turkey which produce chocolate do so for the low end of the market.

Nigeria however isn't doing badly with cocoa. The nation produces Milo, Bournvita, Ovaltine and so on. Many of them are even exported outside Nigeria to West and Central Africa in lorry loads.

You like rationalizing textbook theories more than being realistic and practical.

Rice yield in Nigeria averages 2 tonne per hectare. That's 2000 kg per 10,000 sqm.
Instead of comparative advantage theories, implore any hungry man out there to farm a quarter of an acre and have at least 10 bags of rice to fall back to.
If I may ask, what do we(Nigerians) have comparative advantage in?

grandstar:
This makes sense rather than be pouring money into rice, a product the country lacks comparative advantage in.

you don come o.
How is cocoa doing? Something we have all the advantage in and not just comparative advantage?

stuffs2002:
The Pandora criminal called Obi is the king of wastage. Go to Anambra and see how much damage he did to the economy of Anambra

you are replying to your assumptions Mr man.

God1000:
Angelina jolie is an upstanding woman with a conscience, the man should not expect her to behave like him.

This Israel-Hamas war has expose a lot of people, divided friends and families, but I will always say the truth and stand with the oppressed, killing innocent Palestinians under the guise of fighting Hamas is a serious war crime and crime against humanity, how can any sane person support the bombing of hospitals, schools, churches, mosques and refugee camps

Generations of families are being wiped out right in front of our eyes and some religious bigots are rejoicing, Arab leaders are cowards for doing absolutely nothing to help Palestinians.

Those of you insulting other people for calling out Israel should desist from such unholy act

If I will not make heaven for saying the truth, then so be it

@uploaded picture, Putin who invaded Ukraine to denazify people and protect Rus ethnic people has been silent on calls for killing of Jews in parts of Russia. How about that?

pdppower:
He is full of Godly wisdom because he supports killing of innocent children, women and defenceless Palestinians.
If Boko Haram throws bomb into America, the next thing is for America to destroy the whole of Northern Nigeria, abi.


Ironically the Jews you support against the Palestinians actually hate you Christians.

there is a difference between throwing a bomb into a place and going in there to massacre people prepared for weeks of battle and with about a dozen groups(terrorists and nations) on standby cheering and ready to join the massacre.

God1000:
Angelina jolie is an upstanding woman with a conscience, the man should not expect her to behave like him.

This Israel-Hamas war has expose a lot of people, divided friends and families, but I will always say the truth and stand with the oppressed, killing innocent Palestinians under the guise of fighting Hamas is a serious war crime and crime against humanity, how can any sane person support the bombing of hospitals, schools, churches, mosques and refugee camps

Generation of families are being wiped out right in front of our eyes and some religious bigots are rejoicing.

Those of you insulting other people for calling out Israel should desist from such unholy act

If I will not make heaven for saying the truth, then so be it

you talk about bombings of churches, schools and hospitals but the terrorists are the majority in those locations and have been pictured attacking from the windows o the hospital building. What kind of civilians refuses to leave a war zoneand still attacks one side in the war when chanced?

This is a war of two spiritual kingdoms, Light vs Darkness, expressed in physical form through spirits in bodies. One God created the heavens and earth and that's very clear. Another kingdom is represented by one Arab guy who doesn't know the shape of the earth his god created. Doesn't know the compositions or the map of the land on earth.

nairalanda1:
Ghana ,Niger, South Africa have working refineries because they sell fuel at a profit.

hmmmm...
So how are the refineries refining what we subsidize making their own profit?

stuffs2002:
Na lie.. Rufai Oseni is a biased jornalist with hatred for APC and Tinubu. He showed his support for Peter Obi and that is not how a journalist should behave.

Rufai Oseni will ask questions and still be preventing his guests from answering the questions.
A journalist should always be neutral.

Anyone who hates wastage and corruption always ends up being hated by ruling parties. APC and Rufai Oseni is no different.

Great!

Yoruba and cultural banditry.

Uprightness100:
That’s why the UN must be dissolved!

Amir T.

you mean the beast?

The Arabs are in Europe and driving Jews back to Israel through their hate and assault. The need all Jews in few geographical locations so they can concentrate their resources more.

Cheap fuel for many years. Subsidized dollar for some years. Toll free roads I hardly use.

LeoDeKing:
Rwanda is now visa free, anyone interested can switch please.

No time for inanities.

Extreme stupidity is a choice.

Lastmankc:
The waste side,rank number 1 in infidelity

and the use of children spirit to do sacrifice on witchcraft altars. Even swapping of glory after using.