₦airaland Forum

Nigerian Textile Factories May Close After Import Ban Lifted
By Editors: [bn:PRSN=1] Philip Sanders [] - Dec 1, 2010 11:38 AM GMT
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Business ExchangeBuzz up!DiggPrint Email .The Nigerian government’s decision to lift a ban on imported textiles will lead to the closure of factories in the West African nation, the Nigerian Textile Manufacturers Association said.

“We cannot compete with imported textiles under the current business environment,” Jaiyeola Olarewaju, director general of the association, said in a phone interview today. “If within one year the market is saturated with imported textiles, local industries will have problems selling and many of them will certainly close down.”

The number of textile factories operating in Nigeria has already fallen to 25 from 124 in 1996, while the number of workers in the industry has slumped to 24,000 from 130,000, according to Olarewaju. He attributed the decline to the smuggling of cheap textiles from abroad, which the local industry is unable to compete against because of higher costs.

Nigeria imposed a ban on imported textiles in 2003. On Nov. 29, Finance Minister Olusegun Aganga announced that the ban on goods including textiles, furniture and beverages, will be replaced with tariffs of between 10 percent and 20 percent.

Can u see forurself, imagine how many ppl would be thrown into the unemployment market again and some ppl are yarning its good for Nigeria

Goldenmeda:
uhmmmmmmmmmm fifty thousand dollars for transport fare, america by road, u na don c maga.

really funny ohhh, sometimes Nigerians lets their emotions or love for somebody or something affect their sense of judgement.

And come to think of it, it is good for employment because most of this companies are not producing at full capacaity due to  loadss of cost they incure. Reducing coporation tax  would in a way reduce cost.

if u ppl think of the huge cost this companies are incurring in doing business in Nigeria, den u would see the neccecity. But first of all if that is to be done, den they would need to enforce tax and make the system transparent because loads of companies dont pay tax in Nigeria

lol!!! se demm, if it was jonathan that wrote this one on facebook u ppl go dey haill and haill!!!,

lol, i cnt laugh enough, $50,000 as transport fare?, in a country wer the avergae man doesnt even earn up to that in a year and some ppl are saying its just a gift?, if it wer to be IBB or Atiku now we would all be shouting,  , close to  or even 7million naira, we are joking in that country and even on this nairaland
People should not get me wrong ohh, im not saying its a bribe but $50,000 as transport fare wer the country is running deficits?

Sunday, November 28, 2010
Speaker of the House of Representatives, Rt. Hon. Dimeji Bankole, has said that investigation by the National Assembly revealed that ministries, departments and agencies (MDSs) of the Federal Government did not remit N3 trillion collected by them as revenue to the treasury.
The Speaker stated this in Benin while delivering the 35/36th Convocation Lecture of the University of Benin. According to the him, the renewed commitment of the National Assembly to oversight activities with respect to tracking and monitoring of budget implementation, has led to the recovery of over N750 billion unspent funds in two years.

“Before now, such discoveries and re-channeling of the unspent funds for the good people was unheard of,” Bankole said, adding that the National Assembly maintains that the rule of law, which is one of the tenets of democracy, must be followed.

Quoting the 2010 UNDP Human Development Index, which ranked Nigeria 142 in the Low Human Development Category out of 169 countries surveyed globally, the Speaker observed that with a reservoir of highly talented and resourceful persons, the country has no business being identified with nations on UNDP Low Human Development Category. He therefore solicited for investment in education, saying that the nation stood to benefit from positive development of increased investment in education.

“It is a known fact that without quality research, which results in improvement in Science and Technological inventions, we cannot solve the multi-faceted problems of development currently starring Nigeria in the face,” the Speaker said. Bankole, while disclosing that the electoral reforms initiated by the National Assembly were targeted at greater transparency and credibility of elections, called on Nigerian youths to refuse to be used for rigging and political violence by self serving politicians.

He advocated for a return to the practice of fiscal federalism as the basis for speedy development of the country, pointing out that a situation where Councils and some States become active only after they return from the Federation Accounts Allocation Committee meeting in Abuja was not sustainable. Bankole said the current efforts of President Goodluck Jonathan, especially in the areas of power supply, critical infrastructure and electoral reforms, have combined to commence the process of laying a solid foundation for sustainable national development.

Dis Guy:
LAGOS — THE Federal Government has reviewed the bar on used vehicles otherwise known as Tokunbo by increasing the age limit from 10 years to 15 years.

Similarly, textile materials fabric, embroidered garments and other printed materials that were banned before now have also been removed from the prohibition list[/b]A circular from the office of the Minister of Finance stated that President Goodluck Jonathan approved the removal of furniture from the prohibition list but with a 20 per cent import duty and 20 per cent levy.

The circular with reference number BD.12237/S.403/VOL.1/206 and dated November 19, 2010 has also been sent to the relevant agencies which include the Nigeria Customs Service and the three destination inspection services providers— Cotecna, SGS and Globalscan.

[b]The circular entitled: “Revision of schedule three-import prohibition list (trade) of the 2008-2012 Common External Tariff (CET)” and signed by the Minister of Finance, Mr Olusegun Aganga, is to take effect this month.

Part of the Circular reads: “This is to confirm that Mr President has granted approval for the under listed products to be removed from the import prohibition list.

“Furthermore, Mr President has approved an import duty rate of 10% plus 10% levy on health and energy drinks which has been excluded from the import prohibition and extension of the age of used motor vehicles to be imported into the country from the 10 years to 15 years from the year of manufacture”

What do you think? Good or Bad!

What happened to protecting our local textile industry?, cars fine but the textiles aint just write

some ppl crack me upp, ask urself one question, if it wer u would u admit it, dats just the simple question

we all know diss, its stale newss, NEXT??

fine der are both rogues, lets not forget one fact , he is simply saying the TRUTH, obj would have rot in jail

Barely 24 hours after receiving a political blow, ex-Vice-President Atiku Abubakar on Friday hit ex-President Olusegun Obasanjo over the loss of the South-West by the Peoples Democratic Party (PDP).

He also said: “We too dey laugh ooo!” over the victory of Rauf Aregbesola at the Court of Appeal, Ibadan division.

He asked the leadership of the PDP to put the blame of its dilemma in the South-West at the doorsteps of Obasanjo.

He added that with the victory of the Action Congress of Nigeria (ACN) in the South West, it was time for Obasanjo to retire to his “huge fortune in Ota,” instead of making a “fool of himself”

Atiku made his position known in a statement in Abuja through his Campaign Organisation.

He said the Court of Appeal, Ibadan division’s declaration of the candidate of ACN, Rauf Aregbesola, was a “consequence of Chief Olusegun Obasanjo’s mismanagement of the PDP in the entire South West.

The statement said: “We are reaping the consequences of Obasanjo’s gross mismanagement of not only the PDP in the South West, but the entire country. We too dey laugh ooo!

“Obasanjo should just get out of the party so that we can rebuild the party we formed. All Obasanjo had done in his South West zone was to tear down the party, cause divisions and force out credible and loyal party members,” the statement said.


http://tribune.com.ng/sat/index.php/news/2608-osun-atiku-mocks-obasanjo.html

i dnt kno ohh, may be wrong but i think its all porpaganda for 2011, aw come all of a sudden diz people are now winning election petitions in the court, y now?

lol!!, lagos LAWMAKERS, LAWMAKERS, thats the legislative nt the executive!!!!!!!!!!!!

6-0

lol!!!, all i can do is laugh, he claims to have to been loyal to umaru, fine no one is disputing that but have we thought of what caused the friction btw obj and atiku?, objs greed of third term,I dont seee how that is  not being loyal. He csaid atiku has house abroad  and all that, let us ask Mr Goodluck, all the money  patience stole while u wer  governor of bayelsa, what did u use it for, u claim ur children are not abroad, wht has that got to do with good governance~?  if u have ur money send ur child abroad simple, many politicians children are schooling in jand even some members of his cabinet have got children oveer here so ders no point  in that.
Im not trying to exonorate  atiku or paint jonathan bad , but the fact is that  he should not try to make himslef look good or feeel like hes not part of them or he doesnt do the things they do up der?, ders no point in all these, neither will it win the primaries for him

This is what annoys me reallyy, ppl see the real issues and comment with centiment all because it has to do with jonathan. Rubbish, in as much as hes a good leader but im sorry this is not the solution, the universitites on ground are they functionning well, most employers are complanning that Nigerian graduates are not employable yet all we can do is establish more universities. Make the present institutions work, sort the issue of stikes out, fund theses univeritites. Wer are they even going to get the human capital to teach in those unis?, most of them have left the country for better career oppurtunites outside the country. In my uni here alone there are bout 6 nigerian lecturers. Its easy to establish uni but how do u maintain them wen the present ones are not functionning properly. Another issue is that most Nigerians dont even believe in the issue of government university, dey are going private. Its meant to be about making the present institutions funtion properly.

we see y he wants him back in 2011

lol, i laugh wen ppl say this has made things easy for jonathan, only if some of u knew the meaning of concensus candidate, d north did not want der votes in the primaries to be split among 4 northner candidates. Hence bring one person and we all support him, nd i dnt seee how dis has made things easy for jonathan, God forbid if atiku finally gets the pdp ticket , pdp has lost 2011 unless they rig the election. And as for jonathan decamping?, nahh OBJ still got his back thoo, d truth is dat we can never saii, u kno 9ja politicians, say one thing do d other

Former minister of the Federal Capital Territory (FC T), Mallam Nasir El-Rufai has finally opened up on the reasons behind the frustrating power situation in the country, saying but for the stop order by former President, the late Umaru Yar'Adua on power projects commissioned by former President Olusegun Obasanjo, power stability would have been achieved in the country by now.
Speaking in an exclusive interview in Lagos, El-Rufai said former President Olusegun Obasanjo had contracted out the construction of nine power plants after the breaking up of NEPA in 2005.

El-Rufai said Obasanjo had a strategic plan to provide power for the country and awarded contracts for nine power plants, two in Papalanto and Omotosho and seven in the Niger-Delta.

He said: "These plans were on going and not until 2005 that Obasanjo finally raised interest leading to the passing of power projects bill and NEPA was broken into 17 companies. He equally began to licence private operators.

"I did it in BPE before I left. NEPA was split into six generating companies, one transmission and 11 distribution companies and in Lagos there are two distribution companies.

"In 2005, we broke NEPA down to 17 companies. Nigeria Electricity Commission had been established to issue licences. The only thing that was left to kick start private sector investment in the sector was to raise the tariff to about 400 per cent but again election was around the corner. The presidency under Obasanjo was not ready to do so and lose the election.

"So it was not done; instead, President Obasanjo decided because we had built up the excess crude account to billions of dollars, and paid up our debt by 2005, with up to $5 billion in the Excess Crude Account (ECA).

"To further power the country, we proposed that the ECA be used to build more power stations. So while more power stations were contracted to be built, two in the south-west, the Papalanto and Omotosho, and seven in the Niger-Delta because they use gas.

"The idea was because Nigeria burns the equivalent of 28,000 megawatts of gas that can be converted to electricity every day then, I don't know about now. We burn the gas which if harnessed we can generate 28,000 megawatt of electricity daily.

"So government said instead of flaring this gas, why not build power stations for interest of the country. The contracts were given; GE Corporation, General Electric, the largest turbine manufacturers in the US got the seven Niger Delta power stations, the Chinese got the two others in the south-west. Work began on a large scale then, we had elections, late President Yar'Adua came and said no, stop and every thing collapsed.

"Now, Yar'Adua is dead, so I never got the chance to ask him what happened to the speed of power provision in the country.

"The question that has continued to worry me and some meaningful Nigerians is who in this country advised Yar'Adua to stop all on going power schemes? My question is based on which reason whatsoever?

"To me I believe that there is nothing we need in this country more than power.

"Late President Yar'Adua stopped the entire power projects. President Yar'Adua, a PDP governor that became President stopped a PDP President's project.

"Up till today as we speak, I don't know what Yar'Adua considered because every effort of Obasanjo's government was to complete the power projects by December 2007.

"Now as we speak, I'm sure the prices have doubled. I give you this as an example of why our electricity problems are still continuing unabated.

"If you go back to previous government you will see what somebody started and a President came and said stop. Policy inconsistency is our major drawback in this country

"If today, President Goodluck Jonathan assembles a sound technical team and give them the authority and an open cheque to power this nation; Nigeria can stop having power outages in three to five years. Quote me that I said it is possible. It can be done," he said.

dis is wht r talking boutt, not some bloody homo films

Ola-Ray:
The time last I checked YOU DONT SPEAK FOR AFRICANS unless if your name is Jomo Kenyattah or Nkrumah

see dis guy ohh, tell me which show me an african dat doeasnt watch nollywood movies and I will direct u to thousands that do watch.

Sisi_Kill:
What I'm about to say is sooo off topic and totally random and I apologize in advance for it.

I don't mean to pick on you but I've always wondered this about people who write in short hand or text speak as it is fondly known. . . If you can write JUSTIFICATION and HOMOSEXUALITY what harm is there in adding the remaining two or three word which makes DERS. . . THERE'S, DIS. . . THIS and DEN. . . THEN? Also do you realize SONGZZ actually add more letters to the normal SONGS? So what exactly is the rationale for this kind of writing? That's a rhetorical question by the way.



@ Topic
Hmmm, for the first time, I have no opinion on something Nollywood. Guess it's time for my annual medical check up.

too much chatting, nd ders no short 4orm 4 does words!!!, as long as i dnt us it in my examzz or official letterzz or workk, i'll be fineee

Ola-Ray:
I recon you should go back home, off your dress walk atleast 500 miles away from civilisation into the jungle bare in mind you be eating from leaves look for a mud hut and stay there

rubbishh, we are nt asking u to start another sessions of abuses er young man, we r asking u to bare u mind, dats wht i did. If u dnt like it jogg on, rather dan displaying ur immaturity

nd besides my main question is dat wht is d use of the movie, whts is the moral justification, aw does it entertain us as africans,

ders always a simple solution, like dey wer banning songzz den, dis could also be banned, ders no moral justification for this movie, wht are ppl going to gain from it, whts d story line, gay and homosexuality, its unafrican, der are many ways to imrove the industry dan producing such films

binhozie:
Chai. . .
Look at the highlighted and colored paragraphs
Emphasized 3 times!!!
Cheap Propaganda
Former militants helped my foooooooooooooooooooooooooot!!!!!!!!!

at least a Nigerian is reasonning and able to distingusih between propaganda and real issues

nobody is going anywere, we will suffer and njoy 2geda!!!!!!!!one nigeriaaa!!!!

TewMuch:
I am still trying to believe this story and wrap my head around the fact that citizens PAID, to do a test for a job.A government job? Refunds are in order and the boss of the NDLEA should be fired!This is a terrible SHAME.It should not be overlooked.

dis is 9ja mehn, nothing like refund, its paid nd paid forever

fstranger:
I have never been to the North. Like you said, there is nothing there. So why should I go there? Be content with your 18th century lifestyle. Cattle rearing can't be that bad. Atleast, you can always chew gworo for stress relief.Ciao!

cap28:
Im sorry bro but you dont know what you're talking about the US DOES WANT THE WORLD TO ADOPT the capitalist economic model because that is the economic model that has enabled the US to become the richest nation on the planet, it has also helped the US in its expansionist adventures abroad.  

The idea that capitalism can only operate successfully where according to you there is the right balance of welfare systems and progressive tax is laughable because in a capitalist economy the aim is to maximise profit not to assist the poor or weak.  Capitalism is all about downsizing in order to generate profit not the other way around!!!

Your example of Brazil is a joke!! Brazil is one of the most inequitable countries in the world BECAUSE it pracitices an undiluted capitalist system (just like nigeria) capitalism THRIVES in such economies, that is why major corporations and multinationals flock there to do business - becuase of its dirt cheap labour. As a matter of fact the Brazilian elite who are white upper middle class STILL control the Brazilian economy irrespective of the protestations of Lula and other pseudo socialists.  there is no welfare system, no safety net for the poor hence the high crime rate.  Prostitution is also a national export, many of the young women resort to prostitution as the only way out of a life of abject poverty and misery.  

YOur statement about america wanting countries to adopt democracy rather than capitalism is quite frankly the funniest thing i have ever heard in my life.

America is an imperialist power, it wages war on countries who refuse to bow to its economic model aka the washington consensus, IT DOESNT CARE ABOUT DEMOCRACY, its own system of govt is not democratic, ALL AMERICA CARES ABOUT IS GLOBAL DOMINATION OF WORLD MARKETS IN ORDER TO MAKE PROFIT.

America's last defence budget for 2010/11 was $1 trillion USD.  Why do you think they spend so much money on "defence" ?

America uses its enormous military advantage to intervene in countries all over the world that are not following its capitalist economic model and it forces stubborn nations into compliance - read up on what the US did to former Panamanian president Torrijos, Nasser of Egypt, Salazar of Portugal, Manley of Jamaica and Allende of Chile.

All of the above leaders were trying to implement economic policies which promoted wealth redistribution, land reform which would benefit ordinary working people as opposed to members of the elite.

Any govt which strives for wealth redistribution or attempts to use economic surpluses to benefit the masses soon finds themselves on the receiving end of america's aggression.

A free market system or capitalist economy guarantees limitless exploitation of weaker nations.

Look at nigeria, we are practicing an undiluted capitalist system in which workers have no rights, the poor are treated like sh.it, there are no environmental regulations to ensure accountablity, this is why shell and other multinationals flock to nigeria and this is why nigeria has never been on the receviing end of american aggression.  we are doing everythign they tell us to do.

People keep talking about China as if life there is heaven, have you taken the time to speak to any chinese people and find out how they live, many of them work back to back shifts in order to keep their heads above water, yes the corporations are amassing a fortune, but what is life like for the ordinary man on the street, as for India, i don t know if you know this but 45% of their children suffer from malnutrition.

Everything falls under the rule of law and Government intervention  through policy implementation. But u see Nigeria is a country were we take a lot of things for granted. Take the Niger Delta issue for instance I am pretty sure there are loads of laws and policy concerning oil exploration drilling and oil spillages but they are never implemented, all this oil companies get away with all sort of attrocites why because they know nothing will happen so one is going to call them to book and the government know they are not accountable to anyone dat is why a senator would recieve all his salary and benefits but the man working for Nitel may not even get paid in 6months

We have all been talking capitalisim this and that socialisim bla blaa, How do we now relate this to the situation of our country, u see moset of us have the knowledge and idea but we are just talking. In the case of Nigeria, if everything is left in the hands of the free market its is going to be disatrous like we have seen in recent time. The the oil industyr for instance, it is left in the hands of the free market but even with government intervention, there are still loads of externaliites arising from oil exploration in the Niger delta( spillages etc) and yet the government has refused to do nothing about it, policies are not being implemented properly hence the need for the "RULE OF LAW", take a look at USA for instance and the BP Spillage, this thing happens everyday in Nigeria yet the system turns its eye away from it, left to the free market they wouldnt cleam it up because the know that no one is going to bother them and it also adds to their numerous cost of doing business. There are so many sectors in Nigeria that are left in the hands of the free market and loads of externalities arise from it due to lack of implementation of policies on the part of the Government e,g (Health Sector, if u dnt av ur money no treatment, the transport sector even education)To me i feel capitalism is the way forward but there has to be d right enviroment and there has to be some form of planning and government control to avoid these externalities

Evil Brain:
Also funny was when he was listing all the coups he's been involved in and how with practice, he and his partners had been gradually improving their technique.

Jan 1966:  Very bloody
Jun 1966:  Very bloody
1975:        Bloodless
1976:        Moderately Bloody
1984:        Bloodless
1985:        Bloodless

As you can see except for the 1976 failed coup (IBB sided against the coup plotters on that one) there is a definite trend towards bloodlessness.

You will also note that all the coups IBB helped to execute were successful and all the coups he didn't help to plan (except Nzeogwu's in 1966 and Abacha's soft coup against Shonekan) failed.

The man is a coup-plotting legend!

wetin person dey find for military if in no intelligent, all i can sai is dat he had the oppurtunity to change so many things den, he bleeped upp, hes time is gone, say no more