So, the Dollar is now hovering around 420 Naira and the pound, N530!
I do not pretend to be an authority on
the Economy, but as a passionate Nigerian, I can say WE (government
included) all are the reason why the forex costs this much....
Let’s put aside some of the reasons we
demand so much foreign currency in Nigeria. We have crude oil but sell
it internationally, while importing the end products (that’s like having
a palm kernel tree in your compound while ordering banga for your one
akwu from overseas).
There’s also the case of Nigerians
getting an education overseas because the quality of education in
Nigeria is believed to be substandard and not globally competitive.
We have an appetite for all things
foreign; clothes, shoes etc, going to India, America for medical
treatment, holidaying in Seychelles, the Maldives over Akodo or Badagry
etc.
Now I do not blame people who fall into
the categories stated above; how, and on what, a person spends their
earnings is personal and very subjective. However, I write this article
in a bid to appeal to as many people as possible on the benefits of
promoting PRODUCED in Nigeria goods and foodstuff.
Let me share a fun but serious fact. All
the APC “Change” brooms were imported from other West African countries
and not sourced locally. Even the many PDP umbrellas were imported from
China. I wish I had verifiable data on how much the Asian markets grew
as a result of the tee shirts, wrappers, kerosene stoves and the myriad
of souvenirs procured by the political parties during last year’s
election.
Why are we helping every other countries
economy and killing ours? We import frozen chicken and even garri from
Cotonou! Why do the foreign brands get better concession than homegrown
brands such as Ebeano Supermarket, Ouch, Tinubu and Aba market tailors
and cobblers etc?
There was a time when imported rice was a
delicacy that was enjoyed only on Sunday afternoon or when you went to
parties and the locally grown rice was handpicked at home and enjoyed
more regularly. Now, imported rice is the most commonly eaten staple in
Nigeria. When clueless about an appropriate gift to give a benefactor,
we just send them bags of imported rice.
According to Nigeria’s Minister of Agriculture, Audu Ogbeh, Nigeria imports $1trillion worth of foodstuff annually. Think of this $1tr as our investment with no returns in China, Cotonou, South Africa and a few other countries. Think about how much we could have ploughed back into the economy – if we enabled our farmers and bought even just half of it from local farmers in Nigeria. The average farmer will not make his money and repatriate it overseas; he’ll put it back into this economy and more people will benefit from it.
According to Nigeria’s Minister of Agriculture, Audu Ogbeh, Nigeria imports $1trillion worth of foodstuff annually. Think of this $1tr as our investment with no returns in China, Cotonou, South Africa and a few other countries. Think about how much we could have ploughed back into the economy – if we enabled our farmers and bought even just half of it from local farmers in Nigeria. The average farmer will not make his money and repatriate it overseas; he’ll put it back into this economy and more people will benefit from it.
Nigerians, do you realise that every
time you take your money and purchase that imported cereal or detergent,
you are helping to grow the foreign country and not yours? Agreed, the
quality of the locally produced say cornflakes can’t be compared to the
foreign one, but do you know that you can demand the quality you desire
from Nasco and the likes if you paid right. If Nasco earned the same
1,500 that you spent on that imported cornflakes, don’t you think they
will be in a position to deliver the same quality or even better? It
will be sad if Nasco goes moribund as the Vegfru Company in Gombe did.
Do you know that by buying local
produce, even Boko Horam and the Niger Delta militants might drop the
arms and go into farming? #possibilitiesareendless #youneverknow
Now I’m not saying don’t buy imported,
all I’m saying is if there’s a local substitute, PLEASE go for it. Your
constant demand for local produce will help the economy and improve
everybody’s purchasing power.
There are so many dairy farms in the
North, yet we buy imported yoghurt. Can our dairy farms not cater to our
yoghurt needs and a portion of our milk and cheese needs? So you like
peaches in your Yoghurt, can we please attempt to cultivate the peaches
in Cross River or Jos? If not, by all means let’s import the peaches
from abroad. The honey from Kaduna is darker and has more sediments than
the oboe oyinbo one; can we teach the farmers ways to filter and remove
the sediments and bottle it in mason jars and not plastic? This way, it
can appeal to Nigerians with refined tastes and an eye for imported
packaging.
Why are we allowing the foreign
supermarket chains sell and we buy frozen French fries, frozen
vegetables that have flown days and weeks to get to us. Can Plateau and
Makurdi not meet that need, even 50%? Are FIRO and IITA not able to get
us the variety that freezes well? By the way, yet another fact, Nigeria
imports over N60b worth of French Fries annually!
This is the time to get the rails working.
This is the time to build that tree that will give shade to future generations.
This is the time to engage the over 3000 people who have lost their jobs in banking, aviation, the hundreds of thousands of youth who are unemployed.
This is the time for citizens to go into agriculture, this is the time for government to give citizens reasonable concessions and incentives to farmers producing for the domestic market by making subsidies, land, tractors, seedlings, cooling vans, storage facilities, grants etc This is the time to enable them produce for the nation.
This is the time to build that tree that will give shade to future generations.
This is the time to engage the over 3000 people who have lost their jobs in banking, aviation, the hundreds of thousands of youth who are unemployed.
This is the time for citizens to go into agriculture, this is the time for government to give citizens reasonable concessions and incentives to farmers producing for the domestic market by making subsidies, land, tractors, seedlings, cooling vans, storage facilities, grants etc This is the time to enable them produce for the nation.
A large portion of our 160 million
people need to be employed and feed; every farmer can decide to target
100,000 people. This dependence on foreign goods has to be brought to a
minimum!
Permit me to digress. A few months back
Kenya destroyed a very large stock pile of ivory that were seized from
poachers over the years. President Kenyatta said people had advised that
instead of burning the Ivory in his bid to deter poachers, Kenya should
have sold the tusks and developed herself from the proceeds. I
personally think he made a good decision by burning the Ivory because
when every ivory producing animal has been killed, what will happen to
Kenya’s tourism industry. And that is why we as Nigerians must think of
the long term impact of our actions.
Let government pass and ENFORCE the laws that mandates only items which cannot grow in Nigeria be imported. Let citizens boycott foreign ingredients that can be produced and stocked locally. Let government give incentives to citizens who own farms that cater to the local market.
Let government pass and ENFORCE the laws that mandates only items which cannot grow in Nigeria be imported. Let citizens boycott foreign ingredients that can be produced and stocked locally. Let government give incentives to citizens who own farms that cater to the local market.
We cannot control, or influence the
looters of the national treasury who steal our monies and keep them in
overseas accounts – inadvertently developing the overseas countries with
their deposits; but, we can ensure that our personal hard-earned monies
are kept in the system to improve our lives as citizens. This starts
with buying as local as possible.
The change we are looking for starts
with us as individuals (paraphrasing Gandhi). Let’s not wait for the
Dollar to hit 1,000 Naira before we start doing things right. Let us
make Nigeria great again.
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