madridguy:
[s][/s]

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

ifyalways:

Thank you.

I would be interested in stocking up my foodstuff warehouse with the local rice if only any of them can point me to where to buy it.

Foreign rice is been rebagged during political rallies and presented as local rice.

wirinet:
It is annoying when supposedly educated men talk like vulcanisers. Is reno saying he did not offer or pass economics 101 in school?

Is renowned omokri saying he has not heard of such terms like inflation rate, revenue profile, population rate, exchange rate, etc?

What was the revenue profile of Nigeria during president Jonathan's time and what is the revenue profile now? How did the CBN keep the naira down during Jonathan's period? It is by auctioning dollars twice every week. Now where is the Buhari administration going to get the dollars to keep the naira low now? Reno and his supporters can help by exporting something and earning dollars. It will help in meeting some dollar demand by dollar hungry Nigerians.

Nigeria has an average inflation rate of 12% - 14%, if Reno does not understand what this means, I will explain. It means prices of goods and services are expecting to increase an average of 12 - 15% every year. This means prices of all goods including rice is expected to double every 7 to 8 years.

If we were to follow Reno 's logic, then Abacha was a superstar compared to Jonathan. During Abacha's period petrol was N11 per litre, dollar was about N30 per dollar and rice was less than N500 per bag.

I am not saying Buhari is performing well, but Reno and his party should learn to criticise intellectually instead of talking like garage touts.

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Edelweiss44:



With people like you and @madridguy roaming a part of this planet called Nigeria, I'm not surprised we have a nepotistic, clueless, blood-sucker of "dogs & baboons" as President. Tell me what type of "high oil price" causes such kind of inflation and job losses as we have seen under Buhari since he took over? Who are you trying to deceive?

There have only been two countries I know of in recent years that suffered the kind of inflation and loss of jobs we have seen under Buhari - those two countries are;
1) Zimbabwe
2) Venezuela

Guess what? both countries suffered these things as a direct result of government policies! Zimbabwe's Mugabe decided to attack white farmers and redistribute their farms to black people, forgetting that those white farmers were the backbone of the economy. After effect? The economy crashed and a roll of tissue paper became more valuable than $1,000,000 Zimbabwean dollars.

In Venezuela, the government decided to impose regulations they felt would further consolidate their socialist ideologies, and guess what? The economy crashed and people are dying of malnutrition and starvation now in Venezuela.

Anybody who claims Nigeria's economic problems under Buhari was caused by low oil prices is either a chronic liar or an ignoramus! How much is oil price now? within the past few weeks, oil price has remained within the $60 - $80 per barrel price range. At its lowest price within the last 3years, oil has stayed above $20 per barrel, and it didn't stay that low for more than a few weeks before heading back to $40 and above.

When Obasanjo took over in 1999, oil price was low. it was so low to the point where it even dropped to $11 per barrel at a time. Throughout all of Obasanjo's 8 years in government, not once did oil hit above $80 per barrel. in fact, most of the time, they were using $30 something to $40 something per barrel as oil price benchmark for the budgets, yet we were not hearing Obasanjo whine and complain that he couldn't accomplish much because of LOW OIL PRICES.

IN THE MIDST OF THE SUPPOSED LOW OIL PRICES THROUGHOUT OBASANJO'S TENURE, HE EXECUTED A LOT OF PROJECTS WE COULD SEE EVEN WITH CORRUPTION STILL GOING ON. IN THE MIDST OF THE LOW OIL PRICES UNDER OBASANJO, HE CLEARED OFF NIGERIA'S FOREIGN DEBT THAT WAS OVER $30 BILLION!

OBASANJO ACCOMPLISHED ALL THESE WITH LOWER OIL PRICES THAN TODAY AND CORRUPTION STILL HAPPENING IN NIGERIA, SO PLEASE EXPLAIN TO ME WHY WE HAVE THIS LEVEL OF INFLATION AND DECADENCE IN OUR ECONOMY WITH BUHARI SUPPOSEDLY "FIGHTING CORRUPTION"?

ONLY PEOPLE WHO DON'T REASON WILL KNOW ALL OF THESE FACTS AND STILL BE SHOUTING SAI Baba upandan!

AlPeter:
i think you need that advise more. Read below i think you need that advise more

otuekong1:
Your Zombeism Is Incurable,for The Records Rice Re Evolution Started From Jonathan Through Akinwunmi Adeshina,fertilizers Was Given To Farmers Directly Free Of Charge,so Was Pesticides And Seedlings Supplied,grow Up

Mynd44:

We are not where we want to be in rice production but we are making progress in that line. Look at Kebbi state, Anambra State and Sokoto state where rice cultivation has been optimized. The jobs created, the wealth distributed, the FOREX we are saving.

The economy will be better for it. If you want to crash the price of cars today, simply open your borders, remove duties and watch the price fall but what happens to people like Innoson? Prices of commodies can be cheap but it does the economy no good

truenaijaworld:
Reno Omokri via his twitter handle remembered the vice president, Prof Yemi Osinbajo that for the five years Former President Goodluck Jonathan destroyed Nigeria, A 50kg bag of rice was sold for 8,000 Naira.

Remember that for the 5 years Jonathan ‘destroyed’ Nigeria
50kg bag of rice was ₦8000
Fuel was ₦87
$1 was ₦150 (₦199 in 2015)
Lagos-Abuja air fare was ₦10,000
A bottle of Coke was ₦60
A tin of Peak milk was ₦80
₦18,000 minimum wage was equal to $120

https://mobile.twitter.com/renoomokri/status/979465749445083136

Mynd44:

You might want to ask what Lake rice is.

There a whole lot of local brands out there

emror4u:
No long talk, please just take your phone, go to your kitchen and take a picture of the lake Rice or any other local brand in your kitchen.. I need to clear my doubt.


Thanks

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Asowari:
and Nigerians are still not importing rice under these buhari/apc reign. how many jobs has this presented government created?

Mynd44:

You might want to ask what Lake rice is.

There a whole lot of local brands out there

Yusuf said more than 400,000 farmers from 19 participating states were being supported under the 2013/2014 dry season GES scheme.

He said: “The effort produced more than one million tonnes of rice during last year’s dry season farming with just over 200,000 farmers drawn from 10 states.

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

CoolAmbience:



Do the Maths yourself...

Rice import has dropped by about 40,000MT over the past two years...now, how many farmers do you need to produce enough rice to cover that?

There has been a surge in rice mills in Nigeria in the last three years, at least 15 of them: Umza Mills, Ashi Mills, Ebonyi Agro Mills, Quarra Mills, Labana Mills, Mikap Mills, Grain Rice Mills, Adani Mills, IRS Mills Etc, with many more almost being completed. Mind you, it is humans, in their hundreds, that work in these mills not spirits.

We have got the school feeding program supporting these productions. There are over 64,000 women in the school feeding program already.

Please, check facts before making this kind of statement.

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

Butterflyleo:
Why can't the youth of today simply think? Why do they go to school if they end up still foolishly believing anything they are told without analysing it properly?

Reno is simply saying a mega ton of nonsense. When a man fails to plan he plans to fail. Jonathan had no economic plan for Nigeria and was simply on a spending spree trying to deceptively keep our naira low through forex without knowing that he was simply piling up major problems in other sectors of the economy.

Even okonji iweala warned him about this and urged him to save but he would have none of it. Any leader with a short term plan is not fit to be a leader at all.

Buhari is working for the long term. There is something the whole world needs and can never do without and this is FOOD. Be you rich or poor you must eat and the worlds population is growing and this translated to even more need for food.

Oil can only get us so far as we are now seeing with the advent of electric cars and the gradual phasing out of petrol based vehicles. We will suffer if we do not diversify through looking inward and local production as against imports.

It may seem difficult at the initial stages but they say necessity is the mother of invention. Nobody desires a difference when all seems rosy. We all now get to work when all looks bad.

Our economy is experiencing a major shift in the right direction (if you ask me) and the process may be gradual but in the long run it is our best option.

The problem with Nigerians is our impatient nature and our lack of will to see anything through. If other notable countries can restrict a lot of imports, why should Nigerias case be any different?

China as highly populated as they are, seriously regulate imports and their economy is better for it as a lot of manufacturing now goes on within. Enough to fend for her teeming population. We are the largest African nation and we need to see that if we had continued throwing away things as we were doing in the days of Jonathan, one day we would have woken up and seen that Nigeria had been placed on OLX for sale as our economy would not longer be sustainable.

In the days before the oil boom we ONLY had agriculture and Nigeria was great and that was even the time our title (the giant of Africa) came about. Today we are being ridiculed by outsiders because we first ridiculed ourselves. The world needs Nigeria and we are placing ourself where we belong in the midst of nations that matter through buhari. I am not his fan but I am a fan of his dogged policies which I believe, when sustained will take us where we deserve as a people.

Reno is a clown and foolish for thinking the way he is thinking despite not living in Nigeria. The country he is in right now he should try and first find out how they became great and see if Nigeria is not towing the same path right now under buhari.

Mynd44 ignore all these economic saboteurs we have on nairaland who have pea for brains. I thank God for buhari as he has been sent for such a time as this. God bless Nigeria and the President.

Yyeske:
Your blame game and demonizing Buhari can't work here, let me ask you this question, a man earns 150k a month and can conveniently save 50k and use up the rest for the upkeep of his family, what do you think would happen to him when the company he works with invites him and gave him two options, either for him to be paid off or they can keep him but his salary would now be 30k. What do you think he would do if he decides to take the second option? Won't he cut back on some expenses and of course his family would suffer too? Don't you think that was what Nigeria went through from oil sale of over $100 per barrel to a point it sold around $30 per barrel? What would you have done differently if you were Buhari, I guess you'll definitely deplete our foreign reserve in order to keep the naira low and imports cheap too so as to make Nigerians happy and when you are done depleting it and no dollar to import, what do you do next? I guess you're start printing dollars.

Asowari:
and Nigerians are still not importing rice under these buhari/apc reign. how many jobs has this presented government created?

seguno2:


Oil price is higher now than it was in 2014!
So say something else please.

tinsel:
These Jonathan people need to keep quiet. The more they defend him, the more they put Jonathan in conflict with the government. Just keep quiet and every thing will die a natural death.

gloria34:
if only they know how much these increment affected people. painful part, minimum wage did not increase

obi58:


Complete balderdash. Why do people have such selective reasoning?

Have you forgotten so quickly the decision of the governor's forum to kick afainst the setup of the sovereign wealth funds?

Come on Bro. Let's try to be unbiased.

Mynd44:
Rice was 8,000 at what price? No job was created for local farmers and you were using FOREX you didnt have to make countries like Thailand richer.

With more rice farmers growing the product and more mills, the price can only come down but the money stays in Nigeria and create Nigerian jobs.

Reno and his silly nuggets

saaron:
Some people have been completely deceived by APC propaganda about rice importation. You think Nigeria under buhari is not importing massive tons of rice? Very soon you will see the truth.