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Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets - Politics - Nairaland

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Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by akingangan: 3:06pm On Mar 16, 2023
It is a common saying that Igbo people like money
However, an observation when you travel to countries abroad with a big Nigerian population such as the United Kingdom, Dubai, and The United States, you find that the majority of the Nigerian shops and businesses are owned and operated by Yoruba people.

While in Nigeria Igbos dominate the markets which are mostly informal such as selling
Medicine (Many chemists selling Fake drugs were tackled by the Late Dora Akunyili who was a distinguished Nigerian of Igbo heritage)
Pirated movies and music
Fake branded cloths
Used and modified Electronics
Hawking in the street
Car spare parts
and so on

The Agbero unique tax system which the Lagos government formulated out of the Federal government's restricted business environment is an exception but much complained about.

Gone are the heydays when there was order in the markets and shops like Leventis were the norm.
This begs the question: Why do Igbo businesses thrive in informal and Illegal markets
Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by Phoen1X: 3:11pm On Mar 16, 2023
You dey see igbo for your hunger induced sleep \ dream,..abi ?

4 Likes

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by Munamoqel: 3:11pm On Mar 16, 2023
akingangan:
It is a common saying that Igbo people like money
However, an observation when you travel to countries abroad with a big Nigerian population such as the United Kingdom, Dubai, and The United States, you find that the majority of the Nigerian shops and businesses are owned and operated by Yoruba people.

While in Nigeria Igbos dominate the markets which are mostly informal such as selling
Medicine (Many chemists selling Fake drugs were tackled by the Late Dora Akunyili who was a distinguished Nigerian of Igbo origin)
Pirated movies and music
Fake branded cloths
Used and modified Electronics
Hawking in the street
Car spare parts
and so on

The Agbero unique tax system which the Lagos government formulated out of the Federal government's restricted business environment is an exception but much complained about.

Gone are the heydays when there was order in the markets and shops like Leventis were the norm.
This begs the question: Why do Igbo businesses thrive in informal and Illegal markets
the only thrive in illegality the informal sector is a formal ground for hunting the next scam victim.

1 Like

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by AwkaFinest: 3:12pm On Mar 16, 2023
Because Igbo businesses cannot survive in a formal setting.


Cutting corners is normal in Igbo businesses. That's why it's difficult to even work in an Igbo owned business, because for you to last you must be a master in cutting corners.

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Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by akingangan: 3:15pm On Mar 16, 2023
Phoen1X:
You dey see igbo for your hunger induced sleep \ dream,..abi ?

Wotowoto should be added to the dictionary
Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by Islamists: 3:21pm On Mar 16, 2023
Sharia Law victims

3 Likes

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by waynetee(m): 3:23pm On Mar 16, 2023
Most if not all of igbo people that has money are criminals because basically all they do is petty trades, the ones only women do in Southwest.

Yorubas in th SW are the artisans and industrialist.. Igbos are pests and are just milking us!

1 Like

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by mrvitalis(m): 3:23pm On Mar 16, 2023
akingangan:
It is a common saying that Igbo people like money
However, an observation when you travel to countries abroad with a big Nigerian population such as the United Kingdom, Dubai, and The United States, you find that the majority of the Nigerian shops and businesses are owned and operated by Yoruba people.

While in Nigeria Igbos dominate the markets which are mostly informal such as selling
Medicine (Many chemists selling Fake drugs were tackled by the Late Dora Akunyili who was a distinguished Nigerian of Igbo heritage)
Pirated movies and music
Fake branded cloths
Used and modified Electronics
Hawking in the street
Car spare parts
and so on

The Agbero unique tax system which the Lagos government formulated out of the Federal government's restricted business environment is an exception but much complained about.

Gone are the heydays when there was order in the markets and shops like Leventis were the norm.
This begs the question: Why do Igbo businesses thrive in informal and Illegal markets
List top 15 pharmaceutical companies in Nigeria let's see which tribe owns the highest number abeg ...lets start from drugs

1 Like

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by akingangan: 3:27pm On Mar 16, 2023
mrvitalis:

List top 15 pharmaceutical companies in Nigeria let's see which tribe owns the highest number abeg ...lets start from drugs

Definitely Igbo
This makes this a critical sector to regulate because people's lives are at risk if they take fake medicine.
Many have died without explanation after taking medicine
Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by waynetee(m): 3:45pm On Mar 16, 2023
akingangan:


Definitely Igbo
This makes this a critical sector to regulate because people's lives are at risk if they take fake medicine.
Many have died without explanation after taking medicine

Are you talking about pharmacy shops or best pharmacists in Nigeria?

If you are talking about best Nigerian pharmacists, Yorubas win the top 3!

Igbos just know how to market oyinbo products.
Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by Hyperchi(m): 4:19pm On Mar 16, 2023
Just as Yoruba tribe in Skull mining. Every body get him own sector

2 Likes 1 Share

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by Bardo: 4:38pm On Mar 16, 2023
mrvitalis:

List top 15 pharmaceutical companies in Nigeria let's see which tribe owns the highest number abeg ...lets start from drugs

grin grin
Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by tungamaje: 4:42pm On Mar 16, 2023
But Yorubas also thrive in the informal sector e.g Yahoo yahoo and skull and body parts mining.

2 Likes

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by EmekaA125(m): 4:43pm On Mar 16, 2023
If you afonjas no open Igbo thread, una go die ?? Mugus

1 Like 1 Share

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by Kenneth4u205(m): 4:44pm On Mar 16, 2023
The government should snatch igbo businesses and give it to we Yoruba Muslims

1 Like

Re: Why Does Most Igbo Businesses Thrive In Informal And Illegal Markets by akingangan: 5:34pm On Mar 16, 2023
EmekaA125:
If you afonjas no open Igbo thread, una go die ?? Mugus

Do you know that Igbo literally means Bush in Yoruba language lipsrsealed

Go ahead with Afonja abuse

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