₦airaland Forum

The Average snake rearer is one. How did they fare under Buhari when he served? This man built schools and named after himself.

After killing settlers and taking over, the government steps in to build the aggressor schools and amenities. Wonderment.

Russia in fustration and wickedness will throw it all at Ukraine. I expect another one from Ukraine. Another format of maybe, using minuscule drones (palm size) to ignite things.

helinues:
We are dealing with stack illiterate opposition in Nigeria

That background building can never be Nigeria

and why not? Is it that Nigerian builders dont have the brains or no landlord can choose that as a prefered design?

If the actual distance is 750km and the old route is less than 760km, what is the benefit of this road? Except i am missing something crucial, they say the new route will take 7 hours but the old one thats only 5km longer is taking 13 hours. If it was a rail route now, i will understand. Na waa ooo.

I am the real biological son of Dangote. No hush money sef. One day na one day. Lol.

Sucker for embezzlement.

It was same under Buhari.

IyfeNamikaze:
where?

jakpa road.

Bro Yekini is a politician and not a leader or economist.

Borrowing to build inflated and useless projects is the real issue and just the borrowing.

Sheuns:
Nigeria’s petrol price should naturally be lower than any nation that’s not producing crude.

but not 55% of neighbours.

flokii:
Importation destroys any economy that isn't producing anything for itself and for exports.. the Igbos especially wrecked our economy with their container on high sea and importation mentality. It's the singular reason there are many jobless graduates in Nigeria today, industry sector collapse, zero technological advancements as Nigerians now rely on China and likes to produce the gadgets and all other things consumed in the country.

It's a shame that we have people who still think upside down in this present day and time.

does abok1 produce radios and flashlights

mrvitalis:
So you mean a trade deficit of less than 20 billion dollars from 2015 till now is what develued naira by 90% even when diaspora remittance is over 25 billion dollars per year?

naira was hitherto subsidized and has since been floated so other major factors too contributed. Dont forget looting has same effect as trade deficit but is hardly accounted for because of the hidden nature.

OOOKEWALE:
Your critique presents a compelling challenge to Nigeria's prevailing sentiment that imports are inherently harmful to the economy. You argue convincingly that the real economic killer isn't importation itself, but rather Nigeria's failure to develop robust export capabilities. When a country imposes import restrictions on goods it cannot competitively produce - like wheat, steel, or turkey - it simply forces citizens to pay higher prices for inferior local alternatives, effectively lowering living standards. This misguided protectionism is particularly evident in cases like Ajaokuta Steel, where Nigeria persists with import duties despite the facility's well-documented inefficiencies, thereby handicapping downstream industries that rely on affordable steel inputs.

The hypocrisy in Nigeria's trade policies becomes especially glaring in sectors like textiles. While the government imposes import duties on finished fabrics to "protect local industry," it simultaneously restricts cotton imports, driving up costs for domestic textile manufacturers in places like Aba. This contradictory approach prevents Nigerian producers from competing globally with textile powerhouses like Turkey or Bangladesh. You rightly point out that successful export nations understand a fundamental truth: to export finished goods competitively, a country often needs to import raw materials or components. The examples of China and Germany demonstrate how being import-dependent in certain sectors can actually fuel export growth in others.

Your argument suggests Nigeria needs a complete overhaul of its economic policy approach. Rather than blanket import restrictions, the government should implement targeted reforms - eliminating duties on goods Nigeria cannot produce efficiently while strategically supporting sectors with genuine competitive potential, like rice production. The current system, which often serves the interests of rent-seeking elites rather than the broader economy, reflects poor governance more than sound economic thinking. Your frustration with these policies is entirely justified, as they prioritize political expediency over the economic welfare of the nation and its citizens. The solution lies not in demonizing imports, but in developing coherent industrial strategies that recognize Nigeria's actual comparative advantages while participating smartly in global supply chains.

You are going in circles trying to avoid our overall lack of competitive edge in anything. Only things the world hasnt showed interest in, like cassava and yam, are things we top production charts of and appear to be competitive in.

mrvitalis:
Do you know how a currency loses value?

Lets start from there

they do so primarily by trade deficits. All other means are second.

Progressives by mouth but retrogressives by action.

If you are good, you can make above N10k a day. It depends on th range of issues you can resolve for people.

All because of oyel money.

Putin be desperately attacking Ukrainian civillians. What happened to the make shift military of a demilitarised Ukraine?

What about alcohol tax distribution.

Reason for demolition?

99Blues:
Osimhen is too big for arsenal, maybe Chelsea imagine osimhen in this Chelsea team with cole palmer behind him
Fire

goatwan yarn.

TUANKU:
Believing the fallacy that "all men are created equal".

indeed created equal but for varying purposes thus many talents.

State capture.

guobe:
It is a big achievement as more Ghanians will stay back in Ghana to make it grow with lesser brain drain.

thats untrue. You are just assuming it. Nigerians are not running away because $1 goes for N1,700. They run away because they can earn in dollar and when converted gives them what they cannot earn within Nigeria.

Obaaderemi2:
You can buy Ghanaian yam and palm oil in supermarkets in Europe and America. Why is it difficult for Nigeria to do same?

Useless leaders is the answer. They have destroyed everything. Even export is not easy. They will fustrate you.

Single digit is not an achievement in anyway.

Imcompetence that is. Who programmed the AI?

The info is biased. Devaluation took place in between.

Audio.