helinues:
Toh

Make we see how we no go dey produce our basic needs by ourselves without spending almost half of getting the goods abroad on shipment

chidiokay:




Is it really about enabling environment or Nigerians just have a sucker taste for foreign made goods

Enabling environment or Not innoson motors are producing locally designed sleek cars at cheap price compared to foreign tokunbo cars but yet a Nigeria prefer to go spend #10m on toyata or honda tokunbo than buy a brand new innoson saloon.

If innoson could get power to produce any other competitors will find power tew

There is no part of Nigeria you want to send goods via road that it won't get there .. except you are not ready or serious about it.
We might not have the best of roads but there are roads connecting enough.

Asides farmers threatened by insurgence, there are merely no industries or companies threatened by insecurity.

Demand & taste are major determinant factors of production, But Nigerians will always pick foreign over locally made

chidiokay:



Open market you mean, cos if you are so serious about getting a innoson part i am 100% sure you can get it from the manfacturer since they are in Nigeria ... besides if not for a careless drive a new car can last 8yrs without changing any part asides brake, oil filter and Oil.

If you can find innoson motor in the Open market it is becos there are no scraps, 2010 my father bought hyundia it was difficult accessing parts but demand as increase over time you can now find hyundia part easily, if the demand increase for innoson motors today open market will adopt the brand..

#Market serves demands

chidiokay:




Is it really about enabling environment or Nigerians just have a sucker taste for foreign made goods

Enabling environment or Not innoson motors are producing locally designed sleek cars at cheap price compared to foreign tokunbo cars but yet a Nigeria prefer to go spend #10m on toyata or honda tokunbo than buy a brand new innoson saloon.

If innoson could get power to produce any other competitors will find power tew

There is no part of Nigeria you want to send goods via road that it won't get there .. except you are not ready or serious about it.
We might not have the best of roads but there are roads connecting enough.

Asides farmers threatened by insurgence, there are merely no industries or companies threatened by insecurity.

Demand & taste are major determinant factors of production, But Nigerians will always pick foreign over locally made

grandstar:
This Mr. Farinto is very intelligent. He accepts the reality on ground.

His expose on the roundtripping that flourished under Buhari is testament to the monstrous corruption that thrived right under his nose.

Buhari enabled it by meddling in the exchange rates and Emefiele entrenched it by not resisting it and crying out. At least, Lamido Sanusi cried out when $20bn or so disappeared into thin air.

Emefiele just sst there and let the economy crumble.

helinues:
Toh

Make we see how we no go dey produce our basic needs by ourselves without spending almost half of getting the goods abroad on shipment

chidiokay:



Open market you mean, cos if you are so serious about getting a innoson part i am 100% sure you can get it from the manfacturer since they are in Nigeria ... besides if not for a careless drive a new car can last 8yrs without changing any part asides brake, oil filter and Oil.

If you can find innoson motor in the Open market it is becos there are no scraps, 2010 my father bought hyundia it was difficult accessing parts but demand as increase over time you can now find hyundia part easily, if the demand increase for innoson motors today open market will adopt the brand..

#Market serves demands

mrvitalis:

Lmaooo who stopped you from producing?

U think it makes sense to produce here and they are importing?

When socialist talk like this eeh u just know

Obinwenite:


lol…

asha80:
engage your brain first

Flets:


You guys are the real enemies of Nigeria. You sit in your face me I face you room to talk trash….. alright go ahead and start producing the basic needs from thin air.

A non-manufacturing nation will start production without any enablers

This govt won’t avoid an uprising.

Nteogwuija:


I think the government can solve that. I don't know if there's a possibility of the government banning the importation of tokumbo vehicles. Imagine if this were the case, don't u think Nigerians might start looking towards Innoson?

Believeintruth:


Guy stop capping abeg, can an average man even with vehicle financing afford a low end innoson saloon car? Haba why are you guys vigorously trying to defend the government's nonsense and I'll thought policies.

a4cube:
Why can't he has a distribution network for the car parts.

chidiokay:



Capping ke, technically cost of production in Nig is high for those in that line, lets be sincere innoson cars can't be cheaper than they are.
An average naija man drives toyota muscle, corrola these cars are above 10yrs but a naija man is ready to splash 4.5m on a toyota than buy a teae nylon carris of same price.

It is not really about affordability when it comes to foreign and naija made cars ... taste is the decider most times.

That i am not blaming or cursing the govt does not mean i am defending the govt, however in subject matters like what we are discussing the behavior of the Buyer/consumers gives a precognition that is key to everything.

asha80:
engage your brain first

Believeintruth:


Again you are not being realistic here. The tokunbo cars cost 4.5m right. Please show me an innoson vehicle of that same price if it is noteworthy to use.

kettykin:
Nigeria is getting to the plastic zone faster than I expected

grandstar:
This Mr. Farinto is very intelligent. He accepts the reality on ground.

His expose on the roundtripping that flourished under Buhari is testament to the monstrous corruption that thrived right under his nose.

Buhari enabled it by meddling in the exchange rates and Emefiele entrenched it by not resisting it and crying out. At least, Lamido Sanusi cried out when $20bn or so disappeared into thin air.

Emefiele just sst there and let the economy crumble.

drealcivilceno:

Unintelligent talk!

Emefiele was subsidizing your Naira so most of you could do business without shouting, but people like you just want blood!

Banks were using the disguise of foreign transactions to make money from the subsidy!

Banks Na another problem for this country!

They will turn you and I back from having access to those funds while enabling big men and their people and make their own as I stated above!

E.g remember students couldnt fund school fees above $10k but some banks withheld those fees and people got expelled?

Yeah do the math.

drealcivilceno:

Unintelligent talk!

Emefiele was subsidizing your Naira so most of you could do business without shouting, but people like you just want blood!

Banks were using the disguise of foreign transactions to make money from the subsidy!

Banks Na another problem for this country!

They will turn you and I back from having access to those funds while enabling big men and their people and make their own as I stated above!

E.g remember students couldnt fund school fees above $10k but some banks withheld those fees and people got expelled?

Yeah do the math.

grandstar:


What you're saying is a complete contradiction.

It's like Emefiele said 1 + 1 is 4 for your benefit to make life better.

You'll never live in a house built on a foundation of 1 + 1 is 4 no matter how well intent the builder is.

Emefiele wasn't the one that started subsidizing the Naira. It was Buhari who pegged the exchange rate upon assumption of office in a foolish attempt to stem the Naira depreciating at the official rate. Once he did that, I knew the economy was finished and my prediction proved true over the past 8 years.

When entities could not get enough dollars from the CBN because it didn't have enough to supply at the pegged rate, they resorted to the black market and a massive depreciation occurred to there..

Sanusi, Utomi, Soludo and the Nigerian private sector all asked for a revision to the former system but Buhari would not budge.

There was a time the official rate was 199 and black market 520. It was that bad. That was economic illiteracy on steroids

The new system is much better. The 3 rates, Exporters window, BDC and black market are so close that round tripping would now be senseless.