billyG:

Look broa economics don't teach u how to make money it teaches u how to manage scarce resources.Enteprenuership does.

biafranation:


Afonja demon...wicked divisive creature. We Ibibio and our brothers Igbos target Yorubas like you so you know.

chuksanambra:
The way Akwa Ibom people are dealing with criminals these days ehn, Í just hope they're not targeting Igbos. Cos anytime people claim to be fighting criminals, innocent Igbo hustlers are the target.

silastemplar:
mexico has the sixth largets electronics market and the second largest exporter to america. More automobiles are produced in mexico than any other North american country. coming to Nigeria, i cant say i have followed all that free trade story closely but shehu sanis point makes sense. I doubt pmb has totally turned his back on the deal though, definitely if there is reason to change his position he sure will. i also know baba can be slow

billyG:

Mr renowned economist how have Nigeria & d rest of Africa benefited from all d agreements they sign in d past?

silastemplar:
but you miss out the main point in shehu sanis statement ' African countries do not produce locally' other trade deals you mentioned were between countries that produce locally .

jomoh:


My brother I beg to differ.

Why is Russia not part of the EU?
why is Donald trump pulling out of most trade agreements?

Simple answer= POPULATION and WEALTH

Russia has the population and purchasing power that can make the country a dumping ground for everything produced in other small European countries. Making their country’s industries vulnerable to unfavorable competitions.

Same with US. Donald trump is pulling out of trade agreements and telling the companies that if they want to sell to the US market, they should come into the country and produce in the country. Even Canada and Mexico are not left out.

Nigeria is like the US and RUSSIA. We have the population and purchasing power to buy all what the other African “produce”(import from other countries). The question is do they have the purchasing power to buy what we are producing.

When you have the kind of population Nigeria has you don’t rush into trade agreements.

Currently nine countries (Russia, Belarus, Ukraine, Moldova, Tajikistan, Armenia, Kazakhstan, Kyrgyzstan, and Uzbekistan) from the Commonwealth of Independent States (CIS) ratified a Free Trade Agreement (FTA), which provides the free movement of goods within the territory of the member states. However, the ongoing conflict between Russia and Ukraine has resulted in a severe disruption of trade between the two countries.
https://www.export.gov/article?id=Russia-Trade-Agreements

Conservative Leader Andrew Scheer is opening a new front in his party’s fight against the revamped NAFTA deal, saying he would have done better than Justin Trudeau.

The United States is measuring its success in the newly revised North American Free Trade Agreement by what it gained, Scheer tweeted Sunday. The Liberal government, on the other hand, is defining its achievement by what it didn’t give up.

https://www.theglobeandmail.com/politics/article-conservatives-would-have-negotiated-a-better-usmca-deal-for-canadians/

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.

By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it.
I have never known much good done by those who affected to trade for the public good.

- Adam Smit

The philosophy of protectionism is a philosophy of war.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

- Ludwig von Mises

gare:


As far as I am concerned they are masquerades, Pretending to be patriots, supporting thieves to earn so little.

ogunnoikitaiwo:
..its u that don't know enything about economic and am very sure u no but bcus of tribalism u thinks is good...what animals kingdom u belong to,kingdom's of no commercial value.. don't u no buy import Good's dey w also attach armed weapons to it terrorist w rise..and ur next generation w continued suffered for it...since u re not useful for ur generation only ranting talk rubbish social media..

Mynd44:

You are the bad student of Economics.

While NAFTA is good for countries like Mexico, America does not really gain from NAFTA Because it just means Mexico with cheaper labor and cheaper production process can dump finished goods into the American markers. Economic trade agreements like this simply opens up your country and puts you at risk.

What does Nigeria produce that we want to send to Kenya or Namibia?

In reverse, what stop china from setting up a poultry in say Ethiopia and flood our markets with cheap eggs and birds thereby driving our local manufacturers out of business?

Have you asked yourself why Morocco is so desperate to get into ECOWAS? It is because Nigerja is the largest market and they want it.

billyG:
Tufiakwa!Obasanjo & Atiku is trying to sell Nigeria to Economic imperialist.

olaolulazio:
I know Atiku will sign that shiiit..

Buhari is a wise man.... wiser than Obj, Saraki and even u Sani

MajorJeffery:
Have you forgotten that Trump called Buhari "SIR" and we all know know what that means. Okay in case you don't know, by calling him SIR, Trump respects and fears Buhari. If you don't believe me, ask Garba Mohammed.