OriginalBank
OriginalBank

@DBankrichards

9 Tweets 8 reads Oct 05, 2022
I am beginning to see why people agitate in Nigeria! Even abroad people o!
Most people don't follow good news! They can't link good to good!
They base their judgement on immediate gain.
Someone says;" how can I buy a loaf of bread at 1k when it was formerly N300
(Thread)
(2) when you tell people that the impact of COVID and the war has affected bread 🍞, they won't believe it. Even if you explain till tomorrow, people like Rufai of Arise Tv will open his one sided mouth and talk as if he is a wheat farmer.
So, why is bread costly?
(3) There is this particular wheat 🌾 that is used in making fine bread called Hard red spring wheat or Dark Northern Spring wheat (DNS) and is considered by many to be a specialty class, due to its strong gluten characteristics and high protein content.
(4) These unique production qualities enable end users to produce fine breads, hard rolls and bagels.
Unfortunately this wheat is only grown in the US, see the link below.
But they have been importing DNS why the sudden price hike?
uswheat.org
(5) This is where you have to really see the impact of the war, US demand alone is high that their farmers can't meet up talk less of Nigeria. So, if Nigeria sees this wheat at all, it will definitely be expensive!!!
Another thing is can we grow this wheat here?
(6) Lecturers and Researchers have found a substitute in cassava!
Simple cassava o!
But it needs to be produced massively.
This is where H.E Bola Tinubu will come in, he is actually seeing the future! He actually mentioned cassava production and refining!
(7) But you people won't see that perspective with him. No matter what you think, the good thing is to first refine our cassava, there will be competition and prices will eventually fall.
Your supposed PDP + LP candidates haven't seen this perspective.
(8) Currently in Lagos, a lady is refining cassava into pasta, that's a tremendous achievement, we can move into bread supply chain. CBN is ready for this kind of investment.
We understand the inflation rate, that's why Lagos state Governor increased salary
(9) Let your state Governors do the same.
Imo state Governor just yesterday gave out free medical treatment to Imo state workers. The trend is changing and people should learn to adjust.
END...
@KemPatriot @Mr_JAGs @toluogunlesi @VictorDonJer @StFreakingKezy @g_makuachukwu3

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