NewStats: 3,262,274 , 8,176,696 topics. Date: Sunday, 01 June 2025 at 05:10 PM x6k1x

freshvine:
Urchin talking about killing industries and businesses yet the country lack sufficient power supply to drive that sector.

Liberalisation of the economy is key

I am sure, you know nothing about industrial areas or maybe you lack exposure

Fyi, Industrial areas in Nigeria have 24/7 electricity.

Some of the companies there, have their own independent power stations.

thebosstrevor1:


Buhari didn't close importation.

We are not uk or US who have a large industrial base.

We can not compete with china or the EU if they start to export all their goods into Nigeria. It will kill local businesses

Buhari partially closed importation but if you say otherwise I will leave you with your assertion. Peace

No matter what they said against obi ..

We the good people of Southsouth and Southwest will never vote for a bokoharam ticket..

freshvine:
Urchin talking about killing industries and businesses yet the country lack sufficient power supply to drive that sector.

Liberalisation of the economy is key

LOL how did obi liberate anambra state if he could not give anambra steady power supply to stabilize the sector or encourage local productivity, how then do you think he can do this on a national level?

SHINJA:
No matter what they said against obi ..

We the good people of Southsouth and Southwest will never vote for a bokoharam ticket..

speak for yourself..south south is locked for atiku.

goodmike7:


speak for yourself..south south is locked for atiku.

Lols....

Better return that money atiku give uuu

thebosstrevor1:


I am sure, you know nothing about industrial areas or maybe you lack exposure

Fyi, Industrial areas in Nigeria have 24/7 electricity.

Some of the companies there, have their own independent power stations.

I have been following your write ups and responses but the above is not entirely true. I happen to live close to an industrial area in lagos which has about 4 leading productiion companies in Nigeria base in Lagod..I do not see any steady power supply there. They run on gen,,I am talking about companies in ikeja..

SHINJA:


Lols....

Better return that money atiku give uuu

Foolish people only those ing obi are not paid, others are paid or rented crowd.

I was wondering too, I think it’ll be counterproductive. Finally we know who the real zombies are. Anyways, it’s theoretical Economics, till he gets the chance to implement it (if at all).

goodmike7:


Foolish people only those ing obi are not paid, others are paid or rented crowd.

Small boi...keep crying..

My vote and the votes of Southsouth and Southwest belongs to obi...

Mrfixitt:
Buhari partially closed importation but if you say otherwise I will leave you with your assertion. Peace

Buhari closed land borders not importation of important raw materials.

thebosstrevor1:


You know nothing.

"Well firstly I didn't write it for you . I wrote it for someone who might want to understand what obi said

I dare you or any tinubu er to challenge obi policy .. buhari 7 years is a full proof that protectionist economic policies never work ...I dare you counter my points. ..pick any product as your case study ...I dare you@.

Someone said the above to you earlier and you tried to bluff your way out of it.

What is the purpose of being an economic arm chair analyst when you cannot figure around simple questions being thrown at you?

Utter idiots.

The biggest exporting nations are also the biggest importing nations.

The real question is what are you importing?

You need some level of imports to activate critical sectors of the economy.

You need some level of imports to bring down the price of goods and services.

Buhari closed down the border and people are suffering like hell.
He has opened it now, and yet there was no gain except endless suffering.

Peter obi is not that stupid.

If we can export $300b worth of goods every year.

Importing $100b worth of goods is nothing.

The real problem is that we are not exporting much because there is no real production.

China imports more in dollar than the whole of Africa combined.

Most of it are in grains, oil and gas,e.t.c.

But they export far more too.

thebosstrevor1:


I am sure, you know nothing about industrial areas or maybe you lack exposure

Fyi, Industrial areas in Nigeria have 24/7 electricity.

Some of the companies there, have their own independent power stations.

Low mentality. Because they're industrial clusters in Ogun and Lagos you conclude Nigeria is sufficient.

Nigeria is bigger than you think. Power generation is insufficient to drive industrial revolution.

Alluding to your argument that industries provide their independent power, have you factored the inflationary pressures on goods and services since it'll cost more to run private power generation?

If we can activate the economy to the point where we can export $60b worth of leather products alone in one year.

I don't think importing $10b worth of rice and fishes to crash down the prices of food in the market is a problem.

People are suffering. We need imports to bring down the price of food, but we need to export far far more.
That is the sweet spot.

freshvine:


Low mentality. Because they're industrial clusters in Ogun and Lagos you conclude Nigeria is sufficient.

Nigeria is bigger than you think. Power generation is insufficient to drive industrial revolution.

Alluding to your argument that industries provide their independent power, have you factored the inflationary pressures on goods and services since it'll cost more to run private power generation?

Stop typing rubbish

There are lot of industrial areas all over Nigeria but lagos and ogun state happens to have the highest concentration of industries because of the state government policies fo attract fdi and closeness to market.

What then are you talking about inflationary pressures because it cost more to run private power generation.

Fyi, production is even more cheaper when you have your own power generating stations. Go ask dangote, wampco, honeywell and co how they have been able to make their product cheaper for the average joe on the street.

Guys let's argue with tact and set politics aside, it's our tomorrow we are discussing here,

There are items that are prohibited like ammunitions etc while there are items CBN excluded from official FX market as they expect we have comparative advantage to produce those items in Nigeria which should create jobs etc

These restrictions doesn't mean the items are not imported, its just that you source your FX in the parallel market. These exclusion is pushing more people to the parallel market and causing wider gap in the FX market between official rate and parallel rate (note also we have revenue problem from theft of oil and reduction of remittance of FX to FG by NNPC). Also with the importer/exporter window (I&E) created by CBN to regulate exporters sale of FX, most exporters feel shortchanged and that they could get better if they sell in the parallel market, so most of them involve in racketeering for better value, this is further putting pressure on the Naira.

So by removing restrictions on importers and exporters, we expect the forces of demand and supply to take effect and halt the free fall of Naira.

However, questions we should ask PO is to show us his complete plan, how does he intends to increase our FX earnings to enable CBN defend the naira? How will he use tarriff to encourage local manufacturers?

Let's ask the right questions

thebosstrevor1:
Peter obi said he will remove forex and import restrictions.

Seems like peter obi wants to destroy Nigeria's local economy.

He wants to make us dependent on only import.

How then are we going to get forex if we only import goods not produce anything.

This man will kill Nigeria and then make it a dumping ground for imports, that also means high unemployment rate

Let's hear from your mentor candidate too. And compare.

thebosstrevor1:


You should be crying, if peter obi wants to remove restrictions on imports.

That means local manufacturers will automatically die off which means lot of people will be sacked.

How well is local manufacturing under APC? I would trust Obi's economics over any APC member

Mrfixitt:
No country in the universe which does not import. The problem is when your rate of importation as a nation is way higher than your export. Peter Obi is spot on

You want to do wuruwuru to the answer.

You know Obi is talking rubbish but you want to make it make sense by force.

thebosstrevor1:


Go to ogun state and other industrial areas in Nigeria, you will see the manufacturing industries we have.

Obi wants to totally kill them, not only that, he wants to also kill our agricultural system if he remove restrictions on import.

We are in for trouble. Obi shouldn't be voted into power.

Actually, industry remains the slowest growing sector of our GDP. The import duties have not improved imports.

CSTRR:
China imports more in dollar than the whole of Africa combined.

Most of it are in grains, oil and gas,e.t.c.

But they export far more too.

So what Obi intends to do MUST make sense.

thebosstrevor1:
Peter obi said he will remove forex and import restrictions.

Seems like peter obi wants to destroy Nigeria's local economy.

He wants to make us dependent on only import.

How then are we going to get forex if we only import goods not produce anything.

This man will kill Nigeria and then make it a dumping ground for imports, that also means high unemployment rate

You obviously do not understand the advantage of a free market economy but if you want to know, we can discuss

thebosstrevor1:

How then are we going to get forex if we only import goods not produce anything.

This man will kill Nigeria and then make it a dumping ground for imports, that also means high unemployment rate

lol tell me did the unemployment rate increase or decrease under Buhari's current import substitution policies? NBS stats show your solution not to be the answer. You guys have no shame just double down on failed policies.

thebosstrevor1:


Stop typing rubbish

There are lot of industrial areas all over Nigeria but lagos and ogun state happens to have the highest concentration of industries because of the state government policies fo attract fdi and closeness to market.

What then are you talking about inflationary pressures because it cost more to run private power generation.

Fyi, production is even more cheaper when you have your own power generating stations. Go ask dangote, wampco, honeywell and co how they have been able to make their product cheaper for the average joe on the street.

Bla bla nonsense. Tying beautiful nonsense.
Have you considered the value chain economic indicators? That Dangote run on diesel power to produce flour, he need gas to run logistics, the distribution chain need gas to power storage, the bread maker need gas to generate energy and the bread seller equally needs electricity to keep running his business.

Should all of this value chain be allowed to generate their own electricity will it not cause inflation on cost of bread?

mrvitalis:

There are better ways to do it

We have restrictions on foreign rice , are they not still flooding out markets ? Has the policy worked ? Nope
Solution ?.....remove the restrictions allow imports but introduce tariffs , traffic that would make smuggling the goods not worth it

Foreign rice is 40k now ......at cost around 15k in the international market so you Introduce a 150% tariffs on imported rice ....this means for each imported rice Nigeria makes 22k ...this would discourage smuggling

Then you use the 22k to sponsor research development ,seed development and helping local farmers produce at cheaper rate

this is quite dumb and extremely irrational. You're talking of smuggling here, an illegal activity, doesn't your brain tell you smugglers will still smuggle same rice and sale at the Normal market price, more gain for the smugglers and hardship for the masses . Penny wise pound foolish.

Are you employed?

thebosstrevor1:
Peter obi said he will remove forex and import restrictions.

Seems like peter obi wants to destroy Nigeria's local economy.

He wants to make us dependent on only import.

How then are we going to get forex if we only import goods not produce anything.

This man will kill Nigeria and then make it a dumping ground for imports, that also means high unemployment rate

Obi wey no get sense won kuku sell us

Realist12:
this is quite dumb and extremely irrational. You're talking of smuggling here, an illegal activity doesn't your brain tell you smugglers still smuggle same rice and sale at the Normal market price, more gain for the smugglers . Penny wise pound foolish.

The question you should have asked is why are they smuggling ? The answer is it's practically impossible to import foreign rice into Nigeria ...but there is demand people would find a way to supply it ..it's human nature

Nigeria loses revenue yet foreign rice floods the local market

thebosstrevor1:
Peter obi said he will remove forex and import restrictions.

Seems like peter obi wants to destroy Nigeria's local economy.

He wants to make us dependent on only import.

How then are we going to get forex if we only import goods not produce anything.

This man will kill Nigeria and then make it a dumping ground for imports, that also means high unemployment rate

An incompetent man can't smell the presidency. Don't worry yourself about the dumbo called Obi.