The reason is simple, cheap goods from China. Cheap goods from China crashed manufacturing across the globe. Some people have been blaming the dead beat govt, but the honest truth is our importers flooded the market with cheap Chinese good.

These cheap Chinese good have helped many Nigerian buy certain commodities that were big deals back them.

Its obvious made in Nigeria goods are too expensive for Nigerian, so what ever product we are manufacturing in Nigeria should have the Nigerian price "Cheap" attached to it.

We have to make sure we are not over charging our people in the Name of manufacturing.



Please drop your own opinion.

All manufacturers should be crushed to pave way for dangote, that is fulanisation

LikeAking:
The reason is simple, cheap goods from China. Cheap goods from China crashed manufacturing across the globe. Some people have been blaming the dead beat govt, but the honest truth is our importers flooded the market with cheap Chinese good.

These cheap Chinese good have helped many Nigerian buy certain commodities that were big deals back them.

Its obvious made in Nigeria goods are too expensive for Nigerian, so what ever product we are manufacturing in Nigeria should have the Nigerian price "Cheap" attached to it.

We have to make sure we are not over charging our people in the Name of manufacturing.

Please drop your own opinion.

Sounds like you are saying cheap goods from China came to Nigeria on their own to come and crash Nigeria. No be we go de buy am?

Still, if I am to remember correctly, it wss Made in Taiwan as far back as the 70s. And they were so crap that Made in Aba beat them often so no one wanted their crap, but today Taiwan fries the chips.

If only Made in Aba had not died, is a case of what could have been.

budaatum:


Sounds like you are saying cheap goods from China came to Nigeria on their own to come and crash Nigeria. No be we go de buy am?

Still, if I am to remember correctly, it wss Made in Taiwan as far back as the 70s. And they were so crap that Made in Aba beat them often so no one wanted their crap, but today Taiwan fries the chips.

If only Made in Aba had not died, is a case of what could have been.

This is the kind of investments Nigerian govts should fund. Development is no longer about roads, bridges and schools.

Some smart guys imported these goods into Nigeria.

We should be patriotic.

Made in Aba will come to life, bigger and better. What we lack in Nigeria is patriotism. The Asian guys have lots of it..

ejighikemeuwa:
All manufacturers should be crushed to pave way for dangote, that is fulanisation

Is Dangote the reason why Michelin and Dunlop no longer manufacture tyres in Nigeria?
Is Dangote the reason why Oluwa Glass Company stop producing glass in Nigeria, Debo Electronics stop producing Refrigerators and Kaduna Textiles stopped manufacturing clothes in this country?

LikeAking:


This is the kind of investments Nigerian govts should fund. Development is no longer about roads, bridges and schools.

Some smart guys imported these goods into Nigeria.

We should be patriotic.

Made in Aba will come to life, bigger and better. What we lack in Nigeria is patriotism. The Asian guys have lots of it..

Buhari that is going to London for treatment is he patriotic?
Fed govt that import fuel instead patronising local refineries what example are they showing.
Even the imported goods are cheaper than the local ones

LikeAking:
The reason is simple, cheap goods from China. Cheap goods from China crashed manufacturing across the globe. Some people have been blaming the dead beat govt, but the honest truth is our importers flooded the market with cheap Chinese good.

These cheap Chinese good have helped many Nigerian buy certain commodities that were big deals back them.

Its obvious made in Nigeria goods are too expensive for Nigerian, so what ever product we are manufacturing in Nigeria should have the Nigerian price "Cheap" attached to it.

We have to make sure we are not over charging our people in the Name of manufacturing.



Please drop your own opinion.

The government is still to be blamed when they allow those guys import those goods. Why cant the government increase the tarrif and use the money to support local production?
If it is electricity that's adding to the cost of production and consequently, the prices of goods, the money from the high tarrif should be channeled into solving the problem.

So, I still blame the government.

nlreserve:
The government is still to be blamed when they allow those guys import those goods. Why cant the government increase the tarrif and use the money to support local production?
If it is electricity that's adding to the cost of production and consequently, the prices of goods, the money from the high tarrif should be channeled into solving the problem.

So, I still blame the government.

True, the government should be blamed, but we know they will still smuggle these goods.

Lack of Electricity is just a big lie/excuse by manufactures to sell expensive products.

Its simple capitalism.The Nigerian greed.

If companies go into palm oil production the price will sky rocket.

Otuegbe:


Buhari that is going to London for treatment is he patriotic?
Fed govt that import fuel instead patronising local refineries what example are they showing.
Even the imported goods are cheaper than the local ones

He his highly unpatriotic.

Funny enough Nigerian doctors can treat him.

He loves anything foreign.

budaatum:


Sounds like you are saying cheap goods from China came to Nigeria on their own to come and crash Nigeria. No be we go de buy am?

Still, if I am to remember correctly, it wss Made in Taiwan as far back as the 70s. And they were so crap that Made in Aba beat them often so no one wanted their crap, but today Taiwan fries the chips.

If only Made in Aba had not died, is a case of what could have been.

If only aba was in the north

LikeAking:
The reason is simple, cheap goods from China. Cheap goods from China crashed manufacturing across the globe. Some people have been blaming the dead beat govt, but the honest truth is our importers flooded the market with cheap Chinese good.

These cheap Chinese good have helped many Nigerian buy certain commodities that were big deals back them.

Its obvious made in Nigeria goods are too expensive for Nigerian, so what ever product we are manufacturing in Nigeria should have the Nigerian price "Cheap" attached to it.

We have to make sure we are not over charging our people in the Name of manufacturing.



Please drop your own opinion.

Buhari came to power and brought socialist ideas that we are suffering till date

mrvitalis:


Buhari came to power and brought socialist ideas that we are suffering till date

The major problem with Buhari is simple, he is not he leader, he just loves power.

And power comes to to power grabbers.

They main problem are cheap goods from China.

The made in Nigerian products are too expensive for Nigerians till date.

The Nigerian greed also contributed.

The made in Nigeria goods are too expensive.

LikeAking:


The major problem with Buhari is simple, he is not he leader, he just loves power.

And power comes to to power grabbers.

They main problem are cheap goods from China.

The made in Nigerian products are too expensive for Nigerians till date.

The Nigerian greed also contributed.

The made in Nigeria goods are too expensive.

The question is why are China goods cheaper when we have cheaper labour and power ( diesel and gas are super cheap )

mrvitalis:

The question is why are China goods cheaper when we have cheaper labour and power ( diesel and gas are super cheap )

Its the Nigerian greed.

We love to sell expensive.

Go on Esty and see Nigerians selling simple Nigerian clothes of 2k Naira for $80,$50,$30. Its just our nature.

Cement is too expensive in Nigeria, yet we have the lowest cost of manufacturing cement. Including energy cost oh, despite the no light thing.

Nigeria is not as bad as they claim. They have used the negative narrative to keep us out of sensitive sectors.

In summary, Nigerian manufactures are exploiting Nigerians.

Please try and visit a food/confec joint owned by the Chinese in Nigeria and also visit the one owned by Nigerians.

Compare the price and quality of their product, you will discover the Chinese food joint in Nigeria have quality and cheaper products.

Whats the excuse for Nigerian manufactures/business owners?

The government entirely don't have a stable plan for manufacturing. There is no progressive manufacturing plan that is monitored till this moment because every government have one or two persons to support.
Enriching dangote won't make goods cheaper or make us competitive. It can only enrich those that support him.

The factor keeping almost all sector down is same factor that has killed more Nigerians before it inception: Tribalism.

LikeAking:
The reason is simple, cheap goods from China. Cheap goods from China crashed manufacturing across the globe. Some people have been blaming the dead beat govt, but the honest truth is our importers flooded the market with cheap Chinese good.

These cheap Chinese good have helped many Nigerian buy certain commodities that were big deals back them.

Its obvious made in Nigeria goods are too expensive for Nigerian, so what ever product we are manufacturing in Nigeria should have the Nigerian price "Cheap" attached to it.

We have to make sure we are not over charging our people in the Name of manufacturing.



Please drop your own opinion.

are you aware that we have Standards Org of Nigeria? and they give passmark to these substandard products to
flood the market and plunge the whole country to substandard living.
standards keep reducing till there is no more standard in this country. even milk now tastes like sh!t.

please do not blame the chinese. if you allow goat and fowl to enter your bedroom then they will surely enter and even sleep
on your bed. our government opened the door for rubbish to enter the country.

government bad policies ruined industrialization and forced manufacturers to reduce quality

LikeAking:


Its the Nigerian greed.

We love to sell expensive.

Go on Esty and see Nigerians selling simple Nigerian clothes of 2k Naira for $80,$50,$30. Its just our nature.

Cement is too expensive in Nigeria, yet we have the lowest cost of manufacturing cement. Including energy cost oh, despite the no light thing.

Nigeria is not as bad as they claim. They have used the negative narrative to keep us out of sensitive sectors.

In summary, Nigerian manufactures are exploiting Nigerians.

Please try and visit a food/confec joint owned by the Chinese in Nigeria and also visit the one owned by Nigerians.

Compare the price and quality of their product, you will discover the Chinese food joint in Nigeria have quality and cheaper products.

Whats the excuse for Nigerian manufactures/business owners?

I'm a manufacturer ....cost of raw material is the real reason it's expensive

superCleanworks:


are you aware that we have Standards Org of Nigeria? and they give passmark to these substandard products to
flood the market and plunge the whole country to substandard living.
standards keep reducing till there is no more standard in this country. even milk now tastes like sh!t.

please do not blame the chinese. if you allow goat and fowl to enter your bedroom then they will surely enter and even sleep
on your bed. our government opened the door for rubbish to enter the country.

government bad policies ruined industrialization and forced manufacturers to reduce quality

I am not blaming the Chinese, but I am blaming the importers, we and govt.

Na so we go dey dey?

We can still manufacture some small small goods like stove, etc at a cheaper rate than china.

Its will get cheapers as many companies enter the steal rolling business.

mrvitalis:

I'm a manufacturer ....cost of raw material is the real reason it's expensive

OK.

I wish we can solve some of these raw material problems.

I believe some thing can be done.

LikeAking:


OK.

I wish we can solve some of these raw material problems.

I believe some thing can be done.

Something can be done when we have a country not this Nigeria

mrvitalis:

Something can be done when we have a country not this Nigeria

Heart breaking.

LikeAking:


This is the kind of investments Nigerian govts should fund. Development is no longer about roads, bridges and schools.

Some smart guys imported these goods into Nigeria.

We should be patriotic.

Made in Aba will come to life, bigger and better. What we lack in Nigeria is patriotism. The Asian guys have lots of it..

No, LikeAking! This is not the kind of investments Nigerian govts should fund! In fact, serious entrepreneurs should refuse government funds if offered because they should know that government hand is the hand of far too many and smart people know how that spoils the broth!

It is what Nigerians should fund, but even in your op you said something about "too expensive", which indicates an unwillingness to invest, so here we are buying Made in Chinese who do invest in themselves and are now reaping the profit.

LikeAking:


Heart breaking.

Untill u run a business in Nigeria u won't understand how bad Nigeria is

budaatum:


No,

why No?

mrvitalis:

Untill u run a business in Nigeria u won't understand how bad Nigeria is

I get your point.

E no easy for Nigeria.

But why is our own always diff?

LikeAking:


I get your point.

E no easy for Nigeria.

But why is our own always diff?

The least educated region want to Lord and lead the educated

When your finance minister is just an MBA holder n never manged a business before

And your CBN governor is also MBA holder

So what miracle do u expect

LikeAking:
The reason is simple, cheap goods from China. Cheap goods from China crashed manufacturing across the globe. Some people have been blaming the dead beat govt, but the honest truth is our importers flooded the market with cheap Chinese good.

These cheap Chinese good have helped many Nigerian buy certain commodities that were big deals back them.

Its obvious made in Nigeria goods are too expensive for Nigerian, so what ever product we are manufacturing in Nigeria should have the Nigerian price "Cheap" attached to it.

We have to make sure we are not over charging our people in the Name of manufacturing.



Please drop your own opinion.

Stop saying what you don't know, it was the daft military government at that time that dealt terrible blow to Nigerian companies in the 80s. At that time nobody even know China, it was Japan an Taiwan that people know.

At that time, Buhari's government introduced what he called price control, forcing manufacturing firms to sell their products at what Buhari's government called government control price.

oyatz:

Is Dangote the reason why Michelin and Dunlop no longer manufacture tyres in Nigeria?
Is Dangote the reason why Oluwa Glass Company stop producing glass in Nigeria, Debo Electronics stop producing Refrigerators and Kaduna Textiles stopped manufacturing clothes in this country?

Were you not in this country when COWS were running those factories?
Chicken has finally come home to roost, even when government was giving cheap forex to the so called small scale industries, no be to lodge the money into some useless foreign investments and ship saw dust into the country?.
Na bonded terminal be their clearing zone and customs are their collaborators.

vanunu:
At that time, Buhari's government introduced what he called price control, forcing manufacturing firms to sell their products at what Buhari's government called government control price.

Price control like oil subsidy. The same subsidy that Nigerians protest whenever government say they'll remove it?

No one but ourselves is doing ourselves!

budaatum:


Electrical Tomatoes

The emboldened is about the only bit of this that got my attention but I notice it caught no one else's.

"Price controls"! It means a product is kept at a price set by government, and in Nigeria, we know it's kept low and very likely beneath the cost at which it can be sold at a profit. Like petrol really. But we can at least claim a reason for petrol with our crude oil and our ineptitude at running refineries. Electric though!?

Imagine it were tomatoes. You invest in land and fertiliser and labour and grow them, and when you get them to the market, government sets the price. I'm absolutely certain if that price is higher than the cost at which you grow your tomatoes, you wouldn't mind much. You'd likely be delighted if it's high enough for you to make a tidy profit. And if you're fortunate and the price set is so high, you'd likely invest in more land and more fertilizer and more labour and grow even more tomatoes. But this is Naija, where the price set by government is more likely to be way below your costs so that after you sell your tomatoes, you would have lost money.

Now think, you lost money on your tomatoes. Are you going to plant tomatoes next season? If you're into the charity business or you're stupid, you just might. But if you're not and have rent and school fees for your kids to pay and you want to eat and pay the interest on a loan I very much doubt you'd be stupid enough to throw your money away growing unprofitable tomatoes!

Well, that's the case with electricity in Nigeria I'm afraid. You generate it, transport it along unreliable transmission wires, lose a large chunk of it to illegal use and theft and what you do get paid for does not cover the cost of producing it. Now tell, would you plant electricity next season? I very much doubt it unless you're into the charity business or you're stupid, of course, but somehow, I just can't imagine you'd be either.

So, what's the solution you might wonder. Increase the price of electricity of course. But come on people, increase the price of electricity so electricity planters can earn more money and plant more and sell more? Surely you must be cursing me by now, or haven't you noticed you'd have to pay more for my electric if you want it?

Ok, perhaps you're all nice civilised folks and don't want to curse me so let's try a different way of looking at this. Imagine Buhari removes the price control so I can sell my electricity at a market determined price like I currently sell my tomatoes no doubt at a profit high enough for me to want to plant more next year. Are you cursing me yet? I'm sure you would be if it was the subsidy on petrol I were talking about removing. Hell no! You'd likely stone me if you could get your hands on me!

Well, that's what this piece is saying where it says "The private sector is given little incentive to invest.” After all, I'm in the electric planting business for the money and the profit and not because I love you all as Adam Smith would say, so why give you light if you aren't paying me for the priviledge! And you wanna complain you're in darkness?!

When you pay me enough to cover my planting of tomatoes after paying for the land and the fertilizer and the labour and the interest on a loan and cover what I lose to theft and illegal harvesting, and still make a tidy profit to reinvest, I will plant 12000megawatts of tomatoes and I will sell 12000megawatts of tomatoes and even more megawatts of tomatoes than you can eat even because you would be incentivizing me to invest what you pay me in more land and more fertiliser and more labour to plant more tomatoes so I will have more tomatoes to sell you and make more money. But if you want cheap electric, keep your price controls and don't incentivize me but don't expect me to waste my time labouring in the sun just so you can have light because, like you, I ain't that stupid nor into the charity business!

Anyone cursing me yet, because I am telling you, we are too cheap!

vanunu:

Stop saying what you don't know, it was the daft military government at that time that dealt terrible blow to Nigerian companies in the 80s. At that time nobody even know China, it was Japan an Taiwan that people know.

Blaming govt again.

How did the military cripple the Nigerian companies?

At that time China was still up coming.