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Nairaland Forum / Nairaland / General / Politics / Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers (1018 Views)
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Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by chopnaira: 8:46pm On Feb 21 |
I was reading his previous release, and I was like wtf. This man wants Nigeria to continue importing all sorts of rubbish into the country. Well, he is one of the biggest importer of finished products produced in other countries into Nigeria. |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by Vischy: 9:20pm On Feb 21 |
chopnaira: Peter Obi is not an importer and he's saying it for the sake of the masses because importers will simply pass down high cost of goods to the people as import duty keeps increasing. See it these way, each time there's increase of price of products, it's because of increased import duty. It's simple like ABC .... 1 Like 1 Share |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by 9jatriot(m): 9:33pm On Feb 21 |
No sir, it is you and PO that do not get it. The ideal thing is to have a stabilized currency which will in turn affect the custom rate. But if the exchange rate moves from 1500 to 1600, the 'consumption to production' man is suggesting that custom should deliberating keep their rate low so that he and his fellow importers can benefit. If you as a common Nigerian says this, I will okay with it as it will help make life easy for us since we are an import nation, but for a 'consumption to production' man to make this kind of suggestion shows that he was all about rhetorics with his 'consumption to production' mantra. BlueRayDick: |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by 9jatriot(m): 9:35pm On Feb 21 |
No sir, it is you and PO that do not get it. The ideal thing is to have a stabilized currency which will in turn affect the custom rate. But if the exchange rate moves from 1500 to 1600, the 'consumption to production' man is suggesting that custom should deliberating keep their rate low so that he and his fellow importers can benefit. If you as a common Nigerian says this, I will okay with it as it will help make life easy for us since we are an import nation, but for a 'consumption to production' man to make this kind of suggestion shows that he was all about rhetorics with his 'consumption to production' mantra. Will what you are trying to explain also work for exporters? would you also agree that CBN should give you 1500 when by the time your vendor pays you and the exchange rate is now 2000? BlueRayDick: |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by BlueRayDick: 9:42pm On Feb 21 |
9jatriot: I see u have closed ur mind to learning and deliberately set ur mind to missing the point. I wish u Goodluck in ur propagandist agenda 2 Likes |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by BeninRefugees: 9:49pm On Feb 21 |
BlueRayDick: You get strength o People that defended Buhari here 8 years ya arguing with smh 1 Like 1 Share |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by BeninRefugees: 9:51pm On Feb 21 |
BrodaBenad: 😂😂😂 1 Like |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by Vischy: 10:13pm On Feb 21 |
BeninRefugees: Aswer those APC supporters are lost in world of oblivion, nothing can change them again. It's like pouring water on a rock 1 Like |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by 9jatriot(m): 10:16pm On Feb 21 |
Not just that, the "consumption to production" man is tactfully asking for a special exchange rate for importers chopnaira: |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by Ofunaofu: 10:16pm On Feb 21 |
yarimo: I pity you yarimo |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by 9jatriot(m): 5:08pm On Mar 05 |
Now that CBN has reduced the custom rate, going by your argument, as an importer, which of these amounts would you rather pay? Going your argument and that of Obi, it means custom has a right to charge N1,630.159/$ from those who have already opened their Form M at that rate. Obi made that argument hoping that the dollar will continue to increase so as to be seen as supporting his fellow importers, I wonder if he is going to insist on this line of argument now that naira seems to be appreciating.
BlueRayDick: |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by BlueRayDick: 5:23pm On Mar 05 |
9jatriot: Just look at u struggling to still understand a simple concept almost 3 weeks after. Obi argued against the indiscriminate increase in the customs duty rate. Now FG has listened and reduced the rate. Instead of u to just take the L that Obi actually made sense with his complaint & FG acted on it u are here trying to further confuse urself by claiming hoped exchange rate will continue to increase. Who do u like this ? The reduction in import duty FX rate favours every importer whether Dangote , Otedola, Elizade motors, Coscharis Motors, The animal feed manufacturer, traders and even u that buys finished products. |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by 9jatriot(m): 5:33pm On Mar 05 |
First of all answer what I asked you and not try to change your goal post. In the message I quoted, you clearly said that Obi was advocating that what ever amount used to open the Form M should be what the importer is charged when the goods arrive. So if form M is raised at 1500 and CBN later increases it to 1600, the importer should still pay the 1500.... Now the counter argument is that if the CBN or custom reduces it to 1400, do you still agree that the importer should pay 1500 or the new 1400? That is the question/ And no, they did not reduce it because of Obi, rates were increased according to prevailing rates and have also been reduced close to the prevailing market rate. A low import rate favors all importers including the names you called and the populace because of price reduction, but exporters will wish it goes higher, so that is not the argument at all. BlueRayDick: |
Re: Peter Obi Makes U Turn on Production, Advocates Subsidy For Importers by BlueRayDick: 5:59pm On Mar 05 |
9jatriot: If after almost 3 weeks u still don't understand the point Obi made ; I don't think I should be wasting my time trying to explain it over and over again. My advise to u; share what Obi posted with a serious 100level or 200 level student in any Nigerian university and let him break it down for u. Person advocate for an end to constant increase in import duty rate ; u drag am. FG knowing the implication of the continued increase have acceded to the plea and have reduced the rate . Now u are here wanting to drag him again. Smh 😂 U don't even know how confused u appear right now |
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