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Mark Essien Aug 23
A country like Nigeria requires tariffs to develop. The rest of the world is so far advanced that there is no way local entrepreneurs will catch up. It will be cheaper to import than to build locally for a long time to come.
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Mark Essien
For some things (e.g basic foodstuff), it is better to import - because people need to eat. But for other things - e.g Orange Juice or Paper, import should have a 50% tax at least, that gradually gets reduced over a 30 year period.
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Adinya Aug 23
Replying to @markessien
I don't know that encouraging importation of basic foodstuff is in our best interest. It will kill the local producer.
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Mark Essien Aug 23
Replying to @MrUji
Basic food is one of the most important things. The cost of that show be as low as possible
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layinka Aug 23
Replying to @markessien
As long as we ave ineffective systems in place & political patronage is still d order of d day,d importers will just keep gamin d system, we'l only be paying to make some pple rich,nothin will change,some pple will still keep gettin dollars at 2015 price n bribig not to pay d tax
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Tolu Lawson Aug 23
Replying to @markessien
You think misallocating capital by keeping ineffectual businesses alive by shielding them from competition and impoverishing your populace by making them pay more for goods will lead to prosperity?
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Dogzy Ado Aug 23
Replying to @markessien
China announces it will impose tariffs on $75 billion worth of U.S. imports in retaliation for duty hikes the U.S. pledged to slap on Chinese imports. The move comes just as Pres. Trump is preparing to meet world leaders to discuss
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Dogzy Ado Aug 23
Replying to @markessien
Food?? And when the producers refuse to sell to you just to force you to accept a policy eg gay marriage?? What would you do? Go on hunger break as a nation. What a brutal way of taking oneself to the slaughter
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