₦airaland Forum

dominique:
This won't go on for more than a month before glut, spoilage and loss of revenue comes biting them



They're doing it to crash prices of foodstuff in the north. Northerners believe foods being transported down south is responsible for the hike in foodstuff prices in the north. Now some of their states have banned sending foodstuff to the south. My meatseller customer said the abattoir now rations meat sold to meatsellers because they've not been receiving cows like before. Nothing like 1k meat in the market again o.

Grains can last months, though not same perishables.

Time for someone to head north and start a fried meat business. You buy kill, cook and fry to preserve, then slowly "ship" it out of the north. Lol.

Sharon805010:
See as this one dey defend nonsense 😀

that's the reality of Nigeria o.

Flashy and expensive things always come like that.
The OP didn't show us enough of the inside or let see the main equipments.

Can tankers leaving the south too be blocked to crash petrol price?

I see balance in the Anambra own. Not fancy but participant likely won't be hungry and be crying or start looting the systems(mouse, keyboard, ram, and HDD).

The Lagos own is typical Lagos stuff. Picturesque. Flashy. Costly, and very likely Ineffective(I pray I am wrong about the last).

Tinubu is more concerned about ruling Africa.

CilicMarin:
The easiest job in Nigeria is being a Governor. You practically wait for the Federal Government for everything.

Why are the states not having strategic food reserves? What have the states done with the increased Federal allocations since the removal of the fuel subsidy?
What have they done to tackle insecurities in their different states?
Nothing....
Everybody waits for majic from Abuja..

Yeye idioots.

that how Nigeria was structures from inception. To raid the rich minority and spend the resources together. The governors are just representatives of that people in that system.
Every state has a grain reserve but none is filled. They cry if they don't get allocation to spend.

See the man that want to defend democracy in west Africa(ECOWAS). He can't manage one tenth of his country. They assume doing highly lootable projects under PPP is good governance.
This man should be kicked out please. If the man just slip enter ordinary coma for a week, there will be mad jubilation across Nigeria. More than the one of Atlanta 96 plus abacha demise put together.

Audio intervention.
Na headline we go chop?

I was going to open a thread about "what our loans were used for" during the week. Seems you have beat me to it already.

Even Anchor Borrower repayment is largely being threatened by insecurity. Who will go and pay back millions in the hard economy where they can loot it?

They just claim the money was used to pay ransom. Lodge a phony police report to back it up in case of court matter. Lobatan.

Gerrard59:
Good!

Then, you lots deserve Tinubu. Una go sweat tire!

voters deserve him most. Smiles

EreluRoz:
It is well, the asiwaju I know is excellent with governance but I can't really say what's happening.

Hmm something tells me the opposition are attacking him spiritually to fail

Excellence with governance you say. Look at Lagos agbero situation and say that crap again.

Vegetables too tasted inflation.

Looks much though.

Malroux:
Direct your question to Tinubu. He will surely answer you.

Now you have used tinubu's name, go and have a nice day. Your day is made.

They kidnap the breadwinner then expect his people to rally round and pay huge ransom hastily. Is that a good kidnap strategy?

Okay.

Gerrard59:
No mention of the destructive activities of Fulani herdsmen who are have slaughtered people across the country and their farmlands.

You people are not ready to tell the truth. I won't be surprised you campaigned and voted for Buhari in 2015. It is so glaring.

it takes a PVC to cast a vote.

Keep fishing.

Sandy kuli-kuli.
Soda.
Salt.
Seasoning cubes.
Rubber band.
Sweets and candy.

Renewed hope.

These people are only united against Jews and not hunger. Arabs are great.

He he he.

Egg 150

Chicken 4500

Chicken feed to the rescue.

hakeemhakeem:
Enter forest starts to produce papper na,we all left farming.we haven't seen anything.

everyone wants to work in office.
90% of what we need are not produced in offices.
Transport, food, communication, healthcare, education, consumables.

A point will come it will be better to plant 500 pawpaws or banana trees than to be lamenting endlessly.

Sakpa can disorient jakpa and anti-jakpa plans.

AreaFada2:
But we already import a lot of food. Imagine all the rice. Do we drain foreign reserve to further import? We will lose more credit worthiness and put the Naira under more pressure.

It would seem doing anything in 9ja is fraught with serious problems: bureaucracy, red tape, corruption, lazy and incompetent officials. The climate is unconducive for investment.

People like me have invested in agric before during GEJ govt. Herdsmen and bandits later came in the past few years and have driven workers away workers and farms burnt down. Insecurity is a BIG issue.

We need a pan-African approach to tackling hunger. Then a regional currency that one country cannot just devalue anyhow. It has downsides as individual countries cannot react to economic changes quickly, but policies tend to be more sound when multi-national. No need for forex to import food from Gambia or Senegal or Niger anymore.

If not for corruption, Taraba, Kwara, Oyo, Niger and other states with massive agric land could lease land to other states to farm and sell to people in their states, fill up state silos/stores to control food prices. Rice, corn, beans and others can be harvested in a few months.

By the way, doesn't FG have food stores for strategic food security?

we are also importing petrol and subsidizing it with many billions of dollars already. Completely hands off petrol and use a fraction of the subsidy to import food.

Food reserves are low so need food and not empty silos.

Private businesses being threatened. If they hoard and inflate, you too should hoard your own if you have any.

Franklyspeakin:
Confused government. Is it not the same price of dollars they use in importing the parts for their machine. Or is it not the increased diesel they use in manning their machines

how often do they import machine?
Should import of machine that experience 50% increase be used to justify increase of 100% in cost when there are other unchanged inputs like labour, raw materials?

Keep justifying greed you hear?

SAP(Structural Adjustment...) was suppose to a subtle form of restructuring since we all know northerners who the current structure favours won't like to drop it. It failed then because the free oil largesse was threatened.
SAP stands a better chance now.

Bushel of rice...jumped...from 21k to 31k

The headline made me laugh. Reminds men of how Chinese kung fu movies depict growth of a child. They jump as a kid and land as an adult.

Scammer have low conscience level.

So Osun and Ondo are more expensive than Delta and Edo?

AreaFada2:
Whichever method you use to calculate naira-dollar ratio, you will most likely end of up between 1200 and 2300 plus. So, whatever the true value, the scope for volatility is large, especially when we claim to have a floating rate, when in fact it has been a fixed rate that was poorly managed. Remember we have a non-convertible currency that reduces it as a store of value. And all the mindless quantitative easing/money printing. It has not resulted in improved economic activities as it did in many Western countries.

Of course, all the 78 trillion cannot be pursuing dollars but fact is a lot of money is out there seeking to buy dollars as a better store of value to hoard or to pay for import. We are still import dependent. Even petrol is imported.

Not only governors, even successful individuals will seek to shield their cash from devaluation by converting to dollars and hoard or pay into dom accounts. Remember dollar racketeering too. Banks get the money from CBN auction and don't pass it on to genuine importers but to their friends and BDCs/mallams to sell at a considerable mark-up.

Of course a lot of the money pursuing dollars are proceeds from corrupt practices.

Like I said, too much anomalies and poor policies.

@bold part, the mindless printing of money ought to have been tied to real output that can translate goods.

Instead of handing idle or barely working civil servants salary from such money, they should have worked with manufacturers of food. Give them 20-30% of the printed cash and tell them there is a guaranteed buyer waiting for 3 times their average output at harvest price of last year. That will make them work harder than ever before and deliver a record breaking harvest that can be sold to earn forex, used to settle civil servants or used to buffer the market via national strategic grain reserve. InsteAd they handed the governors who went straight to the forex market. The last place any sane economics want to take printed cash to.

The sensible thing to do at this moment is import of food to curb short term hunger and aggressive production drive to boost GDP in medium and long term. Dry season farming is good but not enough.

Baking no longer as profitable?