₦airaland Forum

You sound violent. Is your generator or parambulator refusing to start. Northern Nigeria aka muslims drink tea - from sudan. We want them to drink best tea from kenya. You can continue drinking bitter roots.

And 1.6B is a lot of money in agri sector. The multiplier effect is nothing compared to OIL (which benefits Dangote alone). 1.6B spread to 600,000 farmers has huge impact on rural poverty.

samorobo:
Nonsense,Nigeria doesn’t drink that much tea. The fact that the entire west African region which is probably the most populated on the continent has that paltry figure of $1.6bn is enough to tell you that your tea is worthless to us. You are wasting your time,there is no market for you here.

So no export. Basically everything internal except for Dangote.

obaaderemi:
Don't be silly. It's not about export alone. Nigeria's internal market is huge. Look at the top 10 companies on our stock exchange. At least 4 of them are manufacturing companies, in fact the first one is a manufacturing company.

Can we see the first 10 companies on the Nairobi stock exchange and how many of them are manufacturing companies and their market capitalization?

Dangote Cement, BUA cement, BUA foods and Nestle Foods.

West Africa Tea Market Size, Share & Growthhttps://www.alliedmarketresearch.com › west-africa-tea-...
The West Africa tea market size was valued at $1.6 billion in 2019, and is projected to reach $2.6 billion by 2027, registering a CAGR of 8.5% from 2021.

I checked few days ago - and I see Nigeria imports lots of tea - from Sudan, egypt and name it.

All those countries buy Kenya bulk tea - pack it - and send it to West Africa - making more money than us.

With Ruto on board - we want to double farmers earning - by going directly to suc markets.

AfriqueDuZuid:
not in west Africa

Ghana should take lessons before they default.
>>President Ruto's hinting at the issuance of a domestic dollar denominated bond. Looks like GOK has finally realised just how much is being held in dollar denominated accounts locally (foreign currency deposits at Kes 904 billion as at July) & wishes to tap into this pot

Focus on the value-chain - not long useless excitment - that is all Dangote will get - about 1-2B dollars from refining crude. Anything else is ignorancy. Opportunity Cost of not exporting - is equal to the forex- you'll "save".

GeneralDae:
No. But at least everything is now within our control. We can do as we like, that is more important to me.

Four days ago....

Square Pharmaceuticals of Bangladesh is pumping $74 million into a new manufacturing facility in Kenya as Africa continues to attract more production interest.

Square expects the plant will produce more than 2 billion tablets and capsules annually when it opens early next year, making it the largest pharma manufacturing operation in East and Central Africa, the publication allAfrica reported. The facility, located on a 15-acre site near Nairobi, will produce malarial and diabetes drugs as well as other unspecified medicines.

The plant is slated to be operational by early next year and generate about 500 jobs for skilled and unskilled workers.

"Square's investment to Kenya has come with a potential to transform a pharmaceutical import dependent country to a net exporter of pharmaceuticals soon," Tapan Chowdhury, managing director of Square, told allAfrica.

samorobo:
Kenya in that mix is a joke. You manufacture nothing - like absolutely nothing.
Pls stick to tourism and stop embarrassing yourself.

So NNPC will forfeit world market prize to sell Dangote at sweatheart prize?

GeneralDae:
Even if he buys in dollars that would be NNPC buying in dollars from Dangote within Nigeria and not international oil firms.
Rest. Your arguements on this have not been stable.

Dangote will sell at sweatheart price?

GeneralDae:
Nigeria importing at world market price and then additionally paying subsidy on the imports.

Nobody has yet to see Made In Nigeria outside Nigeria. Maybe youre busy internally with generators. Otherwise - African trade remains centred on the three countries that have an appreciable manufacturing base — South Africa, Kenya and Egypt.

obaaderemi:
Nigeria is already more industrialized than Tanzania and Kenya.

How is fuel susbidy linked to this?

GeneralDae:
Plus 12 billion dollars on subsidy that is always rising.

samorobo:
Wipe your tears, dangote refinery is a fortune about to be unlocked.
For starters we are not competing for drilling allocated or limited national amount of raw crude for export but we are competing on the international space for sell refined oil with other big oil companies.

And yes it’s will provide 250,000 jobs for nigerians and not Indians. Stop saying stupid things to feel better about your self and your zoo. At this point you can’t even hide how envious abd pessimistic you are.

Once it completed it’s over for the Continent,you will be lucky to see our trails - we are zooming off with unimaginable speed. Pls stay scared. Thanks

14 percent of 11B in 2016 is what I see

Just40:
Take er

https://www.ceicdata.com/en/ghana/exports/gh-exports--of-goods-exports-manufactures

I know you like to make empty noise but not everything is about noise... Crazy boy

Always mad cow put the source

Just40:
The data says otherwise
Ghana manufacturing sector is bigger than yours ... It was less focused on export 15 years but all of that has changed.

Manufactured goods export stands at 20% of Ghana 24 billion total export

Another billion from freight saving. Just dont get overexcited. Dangote will sell you fuel at premium...way more expensive than importing. That is granted

Fourpockets:
You're also forgetting the logistics behind importing

A billion dollars. That is value-added you get from refining fuel.

Fourpockets:
You keep talking about us loosing Forex, while forgetting that we are loosing Forex already by importing refined oil

Theories.
Reality - in COMESA - Kenya is second after Egypt in manufactured finished good export.
You can have low electricity, low labour cost,
But if they are stupid and lazy like you - they aint getting nothing done.
Kenya workers have Africa biggest HCI
So manufacturers know they will be profitable here.

Kazikazi:
You are in the same levels with Ghana. Nothing you manufacture which can real make you shout like that. Your manufacturing industry is still in its infant stage. The only countries I believe can real make it in this game of industrialization is Tz,Egypt or Ethiopia.
kenya? No.
You have many issues which won't make u a manufacturing powerhouse.

Some of the things which your kenya and these other nations you busy argue with will struggle about are these..

Availability of cheap and reliable power
High labour costs
Lack of robust agriculture
High levels of government corruption

I can mention here tonnes and tonnes of reasons why u won't make it,but I chose those 4 big reasons why it will be hard for kenya and other African nations to enter into a real manufacturing business. Out of those 4 readons,kenya fails on all of them.Tz passes on almost all of them,so as Egypt and somehow Ethiopia. But the rest of you,bye bye,manufacturing have left you.Try something else.

I am never hateful
First you are not meeting your OPEC quotas.
2ndly you will lose forex when some crude is diverted from export to Dangote.
Right now you're doing 1.3-1.5M bpd - if Dangote takes 650,000 - you will have to reduce export by half.

Now two scenarios
1) You increase oil production - meet OPEC and then have more for Dangote - then you will BENEFIT
2) You dont - you only benefit from value addition of refining crude - that about a billion dollars - which Dangote is keen to capture.

Prospect of increasing oil production are remote - you're dropping in year when oil is at 140 dollars per barrel - meaning you have big problems

Fourpockets:
Just stop being hateful for a minute and you'll understand:
- Nigeria exports oil and imports refined oil which demands scarce FX.
- This refinery will make Nigeria to stop importing the refined oil and intact, Nigeria will become a net exporter of refined oil which will give give us the much needed FX.
- At the end of the day, Nigeria will export the excess crude that we produce which the refinery can't finish refinering in a day. And also export the excess refined crude that Nigerians can't finish consuming in a day which is over 100,000 barrels of refined oil.

Something tell me you're a Ugand or Tanzania type of market with very limited manufacturing.
Already you're ordering batteries.
Your manufacturing is where kenya was 30yrs or more ago

https://www.youtube.com/watch?v=MnZzjWMWISk

Just40:
kid be logical... Of course you know that even that half a million dollar market won't go to just you especially when Unilever is producing here.

All of Kenya export are of no use to Ghana... So you will have to start producing things that better serves Ghana needs

Half a million dollars is a good place to start - Send us the cane rats.

Just40:
you have to trade something worth while than tea...

It has no value here

Unless you're going to increase oil production otherwise the export will fall by almost the same amount that import will fall; cost of refining is 3-5 dollars a barrel. That is what you'll save plus other petroleum products if Dangote goes into that.

In short dont get over-excited - the value chain from crude processing is not a game changer. If we use 5 dollars times 560K*360K days = you're talking about 1 billion dollars savings. That 1 billion dollars is what Dangote is targetting - maybe he will be making 500M dollars profit per year - and Nigeria will get jobs - not sure how many - maybe 1,000 people - majority will be Indians

But it sure will eliminate the national shame of being only OPEC country to also buy refined fuel.

Fourpockets:
Nigeria's top imports... Refined petroleum products take almost 1/3 plastics not included.
And someone was arguing yesterday that a huge refinery would be a curse than a blessing
I'll say it again, in few years time we will start exporting avaition fuel to Kenya

I thought you were happy to host AFCTA? Not happy to trade?

Just40:
childish as usual

Ghanian company ordered for Tea. Tea is most consumed beverage after water in the entire planet.

AfriqueDuZuid:
That's what baffles me exporting tea to Ghana, Ghanaians are not tea or coffee drinkers.

Sense has left him

Kenya import of cocoa and cane rat is zero. Look for something to export to Kenya - even if it's kente dress - so far we have positive trade balance - batteries and tea

Just40:
Ghana total tea import is half a million dollars per year

Look for something else in your food debate

I mean this food exported on it's way to Accra now

vankelvin:
You mean you import food Or?

You alleged export to where? Niger and Chad

theenchanter:
ode, u really believe u export more food than Nigeria?

But we export more food - about 5B roughly

theenchanter:
since u want absolutely number rather than percentage, we spent roughly #1.9t or $2.7b. but Kenya spent ksh103b, which is roughly $834b.

Now, figure that we have 4x ur population and u get ur answer.

But for better understanding, our food import is 11% of our imports while urs is 16%.

It could the reason - seen those Nairobi street kids who inhale jet fuel and get high

gallivant:
It's way too early to be inebriated with generator fumes.

This cooperative is near my home. Stop promoting flea dirty markets of KANO - and embrace proper formal agriculture.

https://www.youtube.com/watch?v=QtiVBDW3u4M

Nigeria alone is a net agricultural importer of over $5 billion per year, while Angola, the DRC, and Somalia account for another $5 billion per year combined.Dec 14, 2020

Unpacking the misconceptions about Africa's food imports.
https://www.brookings.edu/blog/africa-in-focus/2020/12/14/unpacking-the-misconceptions-about-africas-food-imports/#:~:text=Nigeria%20alone%20is%20a%20net,%245%20billion%20per%20year%20combined.

In short - You are Africa BIGGEST importer in stuff you can grow - this LOWEST HANGING FRUIT - and of course WORLD

theenchanter:
u're not making sense, just filled with shitty perception passed as facts.

Or kenya KTDA - farmers cooperative with 600,000 small scale farmers that pays more than a billion dollars to farmer - and has made kenya world top black tea exporter. KTDA has more than 70 tea factories... KTDA are able to aggregate small 1 acre farmers into huge economies of scale, negotiate for large discounts, and benefit many


https://www.youtube.com/watch?v=VMtjjGeFpTM

Look at China - giant farmers cooperatives - for lessons.

All China Federation of Supply and Marketing Cooperatives (ACFSMC) is the apex organization of all supply and marketing cooperatives (SMCs) nationwide, and represent the largest cooperative organization in China. An important force in developing the rural economy, ACFSMC has played a major role in ensuring the supplies of agricultural means of production, activating circulation of farm produce, promoting industrial management of agriculture, and boosting the rural market. By the end of 2014, ACFSMC represents 32 provincial, 342 prefecture, 2377 county federations of SMCs, 20050 primary cooperatives, 19431 cooperative enterprises and 312 institutes at different levels, with totally 3.47 million employees.

Or India amul - Nigeira wont import milk - with all those cows - they would be exporting milk


https://www.youtube.com/watch?v=ctyiG0IrwBM

There is space for farmers market - but farmers, consumers and exporters - will benefit more if you formalize the sector. Nigeria with it's huge arable land would be exporter of agri products if it did that. Look at kenya with tiny slice of arable land.

The big difference kenya inherited a colonial formal agriculture sector that was built on cooperatives and grew it.

Nigeria can do this. India has Amul - the big dairy coop. China has ALL-CHINA FEDERATION OF SUPPLY AND MARKETING - cooperative - for it's farmers. Kenya has KTDA. Ghana has their Cocoa board. Etc. These are cooperatives that can grow the domestic market and even grow export market.

You can organize farmers into cooperatives. Dont celebrate flea markets. With formalized cooperative based smallholder farming - you will feed Nigeria - and the world.

GeneralDae:
Do you agree that formal Agriculture though it has more advantages, is sometimes not always the most optimised form of Agriculture as we have been made to believe especially given our African way of living?
A balanced mix of both is what I recommend with more of the agricultural sector formalized of course.