Okay, I think I need to read a lot of history regarding many countries because I have found out that I am lacking behind in that area. From what I have heard so far I think it is a good place to be.
Is it really bad for a Country to import most of its goods?
- Thread starter IB D
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- #22
The price of sachet water has more than doubled over the past few months. You can't even talk about foodstuffs. It takes a lot to eat a good meal in Nigeria as it stands. And when you factor in the cost of importing goods, then we are finished.
I think the major reason why the price of products keep on skyrocketing is that a lot of things are imported. There are some certain things that shouldn't be imported into the country instead local companies should produce them.
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- #24
When a country depends on importation to feed itself, it is a bad omen. And the funny part is that the best lands for agriculture is in Africa. But we have not been able to organize ourselves around it. We still import food.
I think that is actually very bad. Exporting raw materials and importing finished product from that particular raw material will actually make the country to go into deficit in the future. It does not make sense in my own opinion.
