Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,150,620 members, 7,809,286 topics. Date: Friday, 26 April 2024 at 07:17 AM |
Nairaland Forum / Nairaland / General / Business / Onitsha, The Commercial Capital Of West Africa (53975 Views)
Children Playing At The Premises Of Onitsha Mall / ECOWAS To Implement Common Currency In West Africa – Official / Onitsha The Largest Business City In Afica! How True Is This (2) (3) (4)
(1) (2) (3) ... (9) (10) (11) (12) (13) (14) (Reply) (Go Down)
Re: Onitsha, The Commercial Capital Of West Africa by kettykin: 1:58pm On Aug 02, 2012 |
aribisala0: here is the Data your requested for and i sincerely hope this will assuage all your doubts about the Business prowess of Igbo and of Onitsha if only Nigeria was a real country people would rather be flying to Onitsha rather than to Dubai to do thier shopping and business. FMCG in Nigeria “For all the challenges of the Nigerian market, if companies do not have a Nigeria strategy they do not really have an Africa strategy” (Graham Mackay,CEO, SAB Miller, 2009) Nigeriahas a significant future-success-story. As Africa’s largest consumer market, the country has a population of about 158 million people. This number is set to double by 2050 to 326 million. There are eight “anchor” cities in Nigeria with populations above 1 million each. This development shows the huge potential for future investment and consumption activity. Also the numbers of the FMCG sector are formidable. The whole sector grew 10 percent between 2000 and 2010. The contribution from FMCG spending to GDP grew enormously over the 10 years from 13 percent to 24.3 percent. Nigerians aged between 16 and 65 reportedly have $100 billion to spend (due to per capita income). Even though there is a huge potential, there are risks and weaknesses, which have to be taken into consideration. Nigeria ranks 133 from 183 in the ease of doing business index. This is a result of different factors like electricity, contracts, permits and tax issues. Also corruption has to be understood before entering the market. The most important aspect while thinking about doing business in Nigeria is “informal trade”. According to our own research, 87 percent of the trading in Nigeria happens in informal markets, even with Shoprite, Spar and other supermarket chains entering the country. One of the biggest places for informal trade is the Onitsha market, consisting of 12 specialised markets with 50,000 shops and an FMCG trade volume of $1.5 billion. Most of West Africa is served by this or other similar markets. http://www.africanbusinessreview.co.za/money_matters/how-to-enter-nigerias-booming-consumer-market |
Re: Onitsha, The Commercial Capital Of West Africa by aribisala0(m): 2:40pm On Aug 02, 2012 |
kettykin: Your so called "data" cites Onitsha as "ONE" of the biggest but doe not tell us THE biggest or the 2nd or 3rd or 4th.This is a mere fraction of the data requested. Onitsha market sells more than FMCG so the volume of trade in Onitsha Market must be quite a lot more presumably.What is lacking is data about other markets According to your "data" about 1/4 of GDP was spent on FMCG and GDP is about $200 billion so 1/4 is $50 billion of which $1.5billion was spent in Onitsha = 3% . Where was the other 97% spent ?? I think your remark(bOLDED) is quite stupid and insulting to me! I have never doubted nor challenged Igbo sagacity or otherwise anywhere here. Either you are being deliberately obtuse or mischievous I will not take that from you and I am not interested in further direct exchanges with you since you wish like others to reduce this to an "ATTACK ON IGBOS" by me. |
Re: Onitsha, The Commercial Capital Of West Africa by kettykin: 5:07pm On Aug 02, 2012 |
Your so called "data" cites Onitsha as "ONE" of the biggest but doe not tell us THE biggest or the 2nd or 3rd or 4th.This is a mere fraction of the data requested. Onitsha market sells more than FMCG so the volume of trade in Onitsha Market must be quite a lot more presumably.What is lacking is data about other markets According to your "data" about 1/4 of GDP was spent on FMCG and GDP is about $200 billion so 1/4 is $50 billion of which $1.5billion was spent in Onitsha = 3% . Where was the other 97% spent ?? I think your remark(bOLDED) is quite stupid and insulting to me! I have never doubted nor challenged Igbo sagacity or otherwise anywhere here. Either you are being deliberately obtuse or mischievous I will not take that from you and I am not interested in further direct exchanges with you since you wish like others to reduce this to an "ATTACK ON IGBOS" by me. [/quote] Your so called "data" cites Onitsha as "ONE" of the biggest but doe not tell us THE biggest or the 2nd or 3rd or 4th.This is a mere fraction of the data requested. Onitsha market sells more than FMCG so the volume of trade in Onitsha Market must be quite a lot more presumably.What is lacking is data about other markets According to your "data" about 1/4 of GDP was spent on FMCG and GDP is about $200 billion so 1/4 is $50 billion of which $1.5billion was spent in Onitsha = 3% . Where was the other 97% spent ?? I think your remark(bOLDED) is quite stupid and insulting to me! I have never doubted nor challenged Igbo sagacity or otherwise anywhere here. Either you are being deliberately obtuse or mischievous I will not take that from you and I am not interested in further direct exchanges with you since you wish like others to reduce this to an "ATTACK ON IGBOS" by me. [/quote] I think you are missing some points sir Onitsha having [/quote] aribisala0:I think you are missing some points sir, Onitsha having an FMCG of $1.5B does not translate to Onitsha having a GDP of $1.5B like you are quoting[quote author=aribisala0] I think you are missing some points sir, Onitsha having an FMCG of $1.5B does not translate to Onitsha having a GDP of $1.5B like you are quoting[quote] One of the biggest places for informal trade is the Onitsha market, consisting of 12 specialised markets with 50,000 shops and an FMCG trade volume of $1.5 billion[quote author=aribisala0] The other goods like the Industrials (onitsha stocks a lot of them) soft goods and consumer durables will also take up a very large chunk of the GDP Also has Ancillary industries too , like Manufacturing, A very Robust Distributive sector employing Millions , packaging and a chunk of the Movies industry |
Re: Onitsha, The Commercial Capital Of West Africa by aribisala0(m): 5:29pm On Aug 02, 2012 |
kettykin:Guy please stop quoting me I am done with you.If you want a response to the rubbish you are writing retract the statement amout IGBOS. Clearly you are keen on an Igbo Agenda which is fine.I will not stand in the way of that.At no point did I impugn the Igbos in any way and your charge makes it impossible for me to engage with your pretence of civility |
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 5:35pm On Aug 02, 2012 |
Chei, I dey laff o |
Re: Onitsha, The Commercial Capital Of West Africa by CHANCEMAN: 9:52pm On Aug 02, 2012 |
aribisala0: Please let us not be childish there are hundreds of claims on the internet of Largest market in the world or Africa.NONE of them tell us HOW they arrived at this conclusion. What you have done is pick one that says what you like and try and promote that . iMy issue is simple it is only when we know the how that we can discuss valid or Not. |
Re: Onitsha, The Commercial Capital Of West Africa by aribisala0(m): 10:15pm On Aug 02, 2012 |
Chanceman If you think it is funny throwin insults around don't bring it around me I told your mother or your father that I believe multinationals are ideal?? When and where. Your father is an Omugu or whatever it is you want to call him.Your mother is an Akwuna. pestilence on them both. |
Re: Onitsha, The Commercial Capital Of West Africa by Nobody: 10:23am On Aug 14, 2012 |
RUNS.TOEFL.GRE:dude u got it wrong o! Go read history well and observe reality on ground. And dnt address brothers that way. Nt friendly,nt brotherly nt civil. |
Re: Onitsha, The Commercial Capital Of West Africa by cjrane: 2:39pm On Sep 29, 2012 |
The biggest problem with Anambra is the proliferation of markets all over the place and the almost deliberate abuse of the environment.As if a clean environment is an obstacle to making money. The state government has to begin massive clean up using the Fashola method of demolishing all illegal structures and mammy markets built all over the place.Then Motorcycles (Okada) must be banned and replaced with the tricycle as has been done in several states already. |
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 6:05pm On Sep 29, 2012 |
^^ Thanks for your suggestion. But it wont fly. As far as Anambra is concerned, your suggestion is dead on arrival. How can you tell Nnewi man to jettison his much loved motorcycle? Tricycle and motorcycle can co-exist in Anambra. Which market in Anambra fits your description of mammy market? Actually proliferation of markets is good for the state. It generates revenue for the government, provides job and income to the masses. Anambra is a commercial and a technological hub. Bros, we are ok with that. Once again, thanks for your input |
Re: Onitsha, The Commercial Capital Of West Africa by kross01(m): 12:36am On Sep 30, 2012 |
RUNS.TOEFL.GRE:whoever was holding u frm typing only saw d fool u were making of yasef & was trying to help u. U only showed ur daft personality hia & with d rage with whch u were typing, shws u r a deranged maniac. If u attended ur history class(which by d way i doubt seeing d kind of grammar with which u've but shwn us ur level of literacy), u shld knw dt enugu used to b d capital of old eastern region & by implication, d most advanced city in d s'east.grow up plz.(myt interest u 2 knw dt coal city is my place too) |
Re: Onitsha, The Commercial Capital Of West Africa by passion007: 8:38pm On Jul 01, 2013 |
Sir Spyder, I just stumbled upon this masterpiece (while going through your other masterpieces ). It looks like a small thing, but you really have no idea what you have done, and what its overtones have been. I felt the trepidation in the first few pages; your eagerness to expose the ills of government, and the reluctance that trailed it as you wondered whether that action would be akin to feeding the NL tribalists with enough info to turn back and taunt you--and I'm quite glad ACM10 gave you the necessary prod to walk past the crossroad. It has been a year since you published these horrendous photos, and yes, you shamed Government, and yes Government was ashamed! Have you been to Onicha recently? The entire stretch of road from ?Limca Roundabout (I mean the area where the Army Barracks is located) all the way to the Bridgehead is near-perfect with 10+ lanes of well-tarred roads gliding through Onicha. All the 4+ storey buildings have come alive. The view of Onicha from an up-slope on the expressway is breathtaking. And the Bridgehead? So cleaned up you would hardly recognize it anymore if you saw it,as is said in Southeastern parlance. Honestly, I was awed by the transformation going on in Onicha. I wish I had done the sensible thing and take pictures. Let's imagine you had simply turned a blind eye to the decadent infrastructure that Onicha used to be known for (like the page 1 posters wanted), the sad state-of-affairs might have continued. But you didn't! And so, you took your pen (in other words) and condemned Government, and bared her inefficiencies and ineptitude, and she, (referring to the Government, not Peter Obi ), being human, and therefore penetrable to shame, found herself disgraced in the market square, searched her soul and then re-discovered herself! Hurray and Halleluia, The Pen is ever mightier than the Sword! Imagine if the 35 other State Governors and the Man at Aso Rock were also human, and likewise penetrable to shame? I know, I'm orgas.mic. This is a lesson for all the disciples of bad government, who would rather throw their dirty linen in the closet. After all, out of sight is out of mind? If that were only true! 1 Like |
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 6:11pm On Jul 24, 2013 |
Spyder, Onitsha has really transformed. My Imo colleague was full of praises for Peter Obi. Though I don't share his sentiment. But please revisit those roads. It has changed look. Infact, no where in Igboland can be compared to Nkpor-onitsha axis. I'm really proud to be Igbo. Feel free to visit, take pictures and post online. |
Re: Onitsha, The Commercial Capital Of West Africa by chino11(m): 6:36pm On Jul 24, 2013 |
^ If you can write this then there is hope for diehard doubters on Obi revolution.. |
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 6:44pm On Jul 24, 2013 |
chino11: ^ I'm only praising good work jare. I don't know for sure if Peter Obi did that job because it is supposed to be a federal project. But one thing is for sure, the place is beautiful. |
Re: Onitsha, The Commercial Capital Of West Africa by chino11(m): 6:57pm On Jul 24, 2013 |
ACM10: Good.. I saw the entire corridor up to Upper Iweka and Head Bridge with street lights. I decided not to take pictures just for NL members to see, because I know that Onitsha being strategic city connects entire Nigeria via road, that most Nigerians will be witnesses to the revolution. Due to the nature of my job am privileged to know a PA to SSG, who told me that the entire expressway will continue in that manner to Amansea-Awka end of the road. He equally told me in confidence that Obaze will be the next governor, that his first agenda on the table is to deliver the already federal government approved International Cargo/Passenger Airport to Anambra within 8months of his stay in office, of which the site has been mapped out and fenced by Obi at Nteje-Aguleri areas.. |
Re: Onitsha, The Commercial Capital Of West Africa by igboboy1(m): 8:27pm On Jul 24, 2013 |
chino11: e biakwala ozo...you can lie like aturu.. |
Re: Onitsha, The Commercial Capital Of West Africa by chino11(m): 9:07pm On Jul 24, 2013 |
igbo boy: The people in the know revealed all these to me..and it will happen. It is long over due.. |
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 9:49pm On Jul 24, 2013 |
chino11:[/s] |
Re: Onitsha, The Commercial Capital Of West Africa by manny4life(m): 10:23pm On Jul 24, 2013 |
Una sabi argue... |
Re: Onitsha, The Commercial Capital Of West Africa by igboboy1(m): 11:13pm On Jul 24, 2013 |
chino11: Chino #1 of Anambraland you are something else.. well I dont know much about Obaze but I sure wouldnt want no ngige or ifeanyi uba to govern Anambra. |
Re: Onitsha, The Commercial Capital Of West Africa by chino11(m): 11:43pm On Jul 24, 2013 |
igbo boy: Just google : Oseloka Obaze you will read up his profile. He came from United Nations New York where he has worked for over 21years and rose to become a senior official. |
Re: Onitsha, The Commercial Capital Of West Africa by Emperoh(m): 11:44pm On Jul 24, 2013 |
igbo boy: It is a move the give the people of Anambra North a chance which i think is quite fair But at the same time, i hope we are not writing an unwritten rule. Obi has done fairly well and i expect him to handover to someone who will take the stakes higher. What i don't know is how they intend to resolve the leadership issue with APGA since Obi's man friday Maxi Okwu has lost out to Umeh. We are watching. However, there are things i don't want to see. As you stated above; I don't want to see an Ngige (suddenly become too mouthy) or the fraud called Ifeanyi Ubah I don't want to see a PDP take over! Hell NO!!! Unless of course if it is Charles Soludo I don't want any of those hawks who ran to APGA after power changed hands. Career politicians will take us back to the dark days Ultimately, i want to see a scenario where Anambra North is given a chance at the power equation in Anambra State. So we are waiting on November. Meanwhile, i am surprised Chino didn't deem it important to take some pictures to at least help promote his paymaster's work here? Even ACM10. . . . this is grand-hand falling!!! |
Re: Onitsha, The Commercial Capital Of West Africa by igboboy1(m): 11:56pm On Jul 24, 2013 |
chino11: I could have sworn at one point you were pro Uba...or does that remain? oseloka will have to run under APGA or else igbos are finished politically |
Re: Onitsha, The Commercial Capital Of West Africa by chino11(m): 7:21am On Jul 25, 2013 |
igbo boy: Yes Andy Uba is from same town as me- Uga.. Let me make it clear to you..I will not sacrifice the best candidate in alter of the fact that Andy is my home town.. I want the best for my lovely state..the Light of the Nation- Anambra. I switched support to Obi when I realized he meant well for Anambra and Ndigbo at large. We need another Obi to take us to another level of development. Obi is futuristic in his vision, his programs has depth unlike some cosmetic projects some govs around does. |
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 7:29am On Jul 25, 2013 |
Emperoh: I was driving when I passed through the area. Moreover, I was in a haste. So, no time to stop and snap pics. |
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 12:30am On Aug 11, 2013 |
Last year, this area looks like this: https://www.nairaland.com/1001897/onitsha-commercial-capital-west-africa/2
|
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 12:32am On Aug 11, 2013 |
Now, it looks like this: 1 Like
|
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 12:34am On Aug 11, 2013 |
|
Re: Onitsha, The Commercial Capital Of West Africa by ACM10: 12:41am On Aug 11, 2013 |
I couldn't snap the photo from a vantage point since I used public transportation. Moreover, I couldn't secure a front seat. I only want to share the magnitude of transformation taking place on that road. The area looks beautiful. Unfortunately, I couldn't capture its scenery the way I want. 3 Likes |
Re: Onitsha, The Commercial Capital Of West Africa by Chino72: 10:21am On Oct 13, 2013 |
^ Good job |
Re: Onitsha, The Commercial Capital Of West Africa by Entertain9jar(f): 4:28am On Aug 09, 2015 |
http://www.newsnewsblog..com For news, latest news, news today, current news, world news, news headlines, today news, latest news headlines, top news, world news today, the news and many more |
(1) (2) (3) ... (9) (10) (11) (12) (13) (14) (Reply)
Meet The Female Banks CEOs In Nigeria / The Crowd I Saw At The Onitsha Mall - Pictures / CBN Introduces New Charges On Bank Deposits And Withdrawals
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 115 |