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Manufacturers Wail As Unsold Goods Pile Up In Warehouses - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Manufacturers Wail As Unsold Goods Pile Up In Warehouses (27275 Views)

Manufacturers Sack 3,567 Workers, Unsold Goods Hit ₦‎272 Billion – MAN / 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea / 60 Nigerian Oil Cargoes Unsold Despite Price Cut (2) (3) (4)

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Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Joy2dworldxyz: 1:04pm On May 20
gozmok1:
You go to hospital you don't care where the doctor comes from, you don't care about his religion... All you seek is good service

You put your money in banks you don't care where the owner is from, what his religion is

But time to elect President you say you can't vote a Christian, or an Igbo man continue

When you guys are ready enter the streets and protest and I pray what happened to endsars protesters happens to you all

Amen
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by tctrills: 1:05pm On May 20
Badmashiii:


Ogbeni you votes and your likes doesn't matter in the least. You better stop fooling yourself.

The recent election should have opened your eyes to the underground powers that be controlling nigeria elections result.

As far as I'm concerned,all the presidential candidate in the last elections even your clueless peter obi isn't what will fix nigeria situation.
Continue justifying your bad decision.
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by ajimo54(m): 1:09pm On May 20
HenryThegreat1:


https://www.vanguardngr.com/2024/05/manufacturers-wail-as-unsold-goods-pile-up-in-warehouses/

Goodluck to them! They should crash the prices and see if people will not buy! Greedy people blaming fuel subsidy removal for everything!

2 Likes 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Pecoleee345: 1:10pm On May 20
gozmok1:
You go to hospital you don't care where the doctor comes from, you don't care about his religion... All you seek is good service

You put your money in banks you don't care where the owner is from, what his religion is

But time to elect President you say you can't vote a Christian, or an Igbo man continue

When you guys are ready enter the streets and protest and I pray what happened to endsars protesters happens to you all

Ehya we don't know only a igbo can fix Nigeria.

Forgive us.....lol

3 Likes 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Badmashiii: 1:14pm On May 20
tctrills:

Continue justifying your bad decision.

See mumu. For the records,i dont even have a voters card for years and I'm well above the required age to posses one.

You igbos are just frustrated over obi not winning. How the hell can he win? He's not popular among the main political heavyweights. He's bound to lose definitely.

Because of he's greed and selfishness he betrayed atiku at the last moment and dream he can win the presidential like that? He's a very foolish clown. That fool doesn't deserve even a local government chairman seat.

3 Likes 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Mekanus(m): 1:16pm On May 20
nedu666:
Milo sachet 200
Holland milk 150g 200
Bread small 1000
Golden morn 900g 2k
Cornflakes 1kg 2500
Carbonated drinks 350

Why won't there be unsold goods when prices keep rising while income is static. Even toyota camry is 100 million naira.
These are 2023 or 2024 model?
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by casualobserver: 1:18pm On May 20
helinues:
Toh

Sebi they are all waiting for dollars to keep on rising so that they can be increasing the products prices ridiculously.

Na so God go dey continue punishing those who are making life unbearable for the ordinary citizens including the politicians

The other day I went to the shops to buy sniper they said N10,000…something I used to buy for N1,500 and 750 for the small one. There is nothing in the Naira fall or petrol increase that warrants such exploitation. Labour has not gone up x6, Naira has not fallen x6, petrol has not gone up x6, if anything diesel has fallen. I refused to buy o and I refuse to buy products at exploitative prices. Let them keep them in their warehouses when they are ready they will bring down prices if not they can keep their products.

There are certain price increases I can understand and are justified but there are many that are just exploitation.

3 Likes 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by nlreserve: 1:19pm On May 20
helinues:


Oya where is the correction Mr Jumpology?
For your mind, na sellers dey increase price. You don't know that custom duty they keep increasing is one reason for price increase
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by adecz: 1:19pm On May 20
With APC bringing down minimum
wage from💲100 in 2015 to💲20
in 2024, the suffering citizens can't
afford to buy anything outside the most
basic food items❗️❗️❗️

1 Like 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by kettykin: 1:24pm On May 20
Please where are the majority of these manufacturers, I want to check something
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by casualobserver: 1:24pm On May 20
adecz:




With APC bringing down minimum
wage from💲100 in 2015 to💲20
in 2024, the suffering citizens can't
afford to buy anything outside the most
basic food items❗️❗️❗️

Wage is a function of output. Is the output of the worker $100 today? In US GDP per capita is $70k, minimum wage is $15k. In UK it os $40k GDP/ capita minimum wage $15K. In a country like Nigeria where GDP per capita is $2k what should a minimum wage earner collect, you want him to earn more than his output?

1 Like

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Honestey: 1:25pm On May 20
Minimum wage cannot buy more than garri and that low quality semovita and mumu government expect miracle when they are penny pinching with payment for civil servants. Una never see anything, untill the companies all fold up in the country
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by DREAMHOMES6970(m): 1:32pm On May 20
helinues:
Toh

Sebi they are all waiting for dollars to keep on rising so that they can be increasing the products prices ridiculously.

Na so God go dey continue punishing those who are making life unbearable for the ordinary citizens including the politicians

Just get lost! Sense_less hypocrite forming sensible. As you keep supporting ur drug lord and his demonic administration in the name of politics, the plight and pains of poor Nigerians out there will befall ur household ten times

1 Like 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by adecz: 1:32pm On May 20
casualobserver:


Wage is a function of output. Is the output of the worker $100 today? In US GDP per capita is $70k, minimum wage is $15k. In UK it os $40k GDP/ capita minimum wage $15K. In a country like Nigeria where GDP per capita is $2k what should a minimum wage earner collect, you want him to earn more than his output?



You are sounding exactly like the current
CBN Governor & APC apologist...

Too much theoretical economics that
have no bearing to the Nigerian situation.

Your heartlessness is telling us that it's
🆗 for somebody to survive on 💲1 for
2 days or more.

You seem not to understand that the
machinery of government that keeps the
nation moving and existing is run by
Civil servants. The civil service is not a
profit making system .
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by monex(m): 1:33pm On May 20
helinues:
Toh

Sebi they are all waiting for dollars to keep on rising so that they can be increasing the products prices ridiculously.

Na so God go dey continue punishing those who are making life unbearable for the ordinary citizens including the politicians

you know this includes your president right?

1 Like 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Reality3080: 1:34pm On May 20
SpecialAdviser:

May BATeria from Tinubu dripping dirty pampas catch up with you there.

What is the meaning of this gazarella gazarella you wrote here?
keep quiet there dumbo

U all wish tinubu fails n also wish dollar keep rising

Let’s see who go suffer am

1 Like 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by tctrills: 1:37pm On May 20
Badmashiii:


See mumu. For the records,i dont even have a voters card for years and I'm well above the required age to posses one.

You igbos are just frustrated over obi not winning. How the hell can he win? He's not popular among the main political heavyweights. He's bound to lose definitely.

Because of he's greed and selfishness he betrayed atiku at the last moment and dream he can win the presidential like that? He's a very foolish clown. That fool doesn't deserve even a local government chairman seat.
So you are even more stupid than I thought. You come here accusing the wrong people and deflecting the blame from those elected.
What are you really up to. You are just a waste of time.
You think if Nigeria was doing great that igbos will complain?
We wanted the best and voted for the best of the 3 men but you are here talking nonsense instead of blaming the only person at fault, you somehow find a way to extend the problem to Obi.
Again. Obi doesn't owe Atiku. He owes Nigerians. So how did he betray Atiku? Stop making a fool of yourself.

3 Likes 2 Shares

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by samwheel(m): 1:37pm On May 20
helinues:
Toh

Sebi they are all waiting for dollars to keep on rising so that they can be increasing the products prices ridiculously.

Na so God go dey continue punishing those who are making life unbearable for the ordinary citizens including the politicians




Including Tinubu nah.

And you of course, his core supporter.

How can this country continue to fall in our eyes because of these greedy old fools.
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Jman06(m): 1:38pm On May 20
helinues:
Toh

Sebi they are all waiting for dollars to keep on rising so that they can be increasing the products prices ridiculously.

Na so God go dey continue punishing those who are making life unbearable for the ordinary citizens including the politicians
Direct the blame rightly to the politicians whose senseless poor economic policies have put Nigerians into untold hardship! The manufacturers calculate their profits based on how much expenditures they put in to manufacture the product. Profit is usually not more than 30% of cost
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Chimela101: 1:39pm On May 20
nedu666:
Milo sachet 200
Holland milk 150g 200
Bread small 1000
Golden morn 900g 2k
Cornflakes 1kg 2500
Carbonated drinks 350

Why won't there be unsold goods when prices keep rising while income is static. Even toyota camry is 100 million naira.

You go market to knw all this prices abi na out of yur own imagination.? 🥴
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Lovit(m): 1:41pm On May 20
The leading causes of food inflation in the country now is insecurity and rising cost of transportation

what has Tinubu done to solve this problem? Nothing!

Bandits and herdsmen keeps kidnapping farmers for Ransome and yet the FG and army looks away!

instead the army are looking for ESN and IPOB in the bush. They left those making life difficult for Nigerians but keep pursuing those fighting to keep their region free from herdsmen.

By December this year, you all will be buying a paint of Garri for N15,000.

Una never see anything!

1 Like

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by casualobserver: 1:41pm On May 20
adecz:




You are sounding exactly like the current
CBN Governor & APC apologist...

Too much theoretical economics that
have no bearing to the Nigerian situation.

Your heartlessness is telling us that it's
🆗 for somebody to survive on 💲1 for
2 days or more.

You seem not to understand that the
machinery of government that keeps the
nation moving and existing is run by
Civil servants. The civil service is not a
profit making system .


It is not theory, it is practical fact. If your entire GDP is $400b and your population is 200m, the average worker (average not minimum wage worker) cannot earn more than $2,000 (N3m) a year which is N250k a month.

I will repeat extracts from a post I made earlier:

If 10 people are doing the work of 1 person the value or market price of their output does not increase because there are 10 workers. The market does not care! The guy who does the job alone will determine the market price and that will be the benchmark. This is why Nigerian products are not competitive internationally. If you like use 100 man hours to build a car, the price you will get for the car is set by the company who builds a similar car in 20 man hours. The value of Labour output in both factories is the same so the wage for the worker in factory A has to be 5 times less than the wage for the worker in factory B. If your price is any higher because you Labour costs are higher, your cars will be expensive, nobody will buy your cars and you will go out of business.

If you like employ 100 people to extract a barrel of oil when your competitors are employing 20 or 10. The price of your crude is the same in the market. So your workers will have to be paid less to remain in business. This is the productivity problem of the Nigerian worker. The market doesn’t care whether you can feed yourself on your salary. The supermarket worker would earn more if they didn’t have to employ someone just to tear receipts as if Nigeria is the only place there are supermarket thieves. You go to a Nigerian supermarket and you see idle staff chocking the aisles doing nothing to the point of disturbing the flow of shoppers, each of them is the reason they all collectively earn little. In a supermarket abroad where staff are paid better you do t see all this nonsense you see with Nigerian workers like singing playing music and dancing on duty. The Nigerian worker is very unproductive adds little value and that is why he is paid peanuts.


The questions many of you should ask but are not asking is what is the output of a minim wage worker if the average Output of the Nigerian worker is N250k a month? Why is the productivity of the Nigerian worker so low?

The answer is you have 4,5,6,7 people doing the job of 1 person therefore sharing the salary of 1 person. The reason is the average Nigerian worker has no economic skills, that is why you will employ someone in a supermarket just to sit down at the exit and tear customers receipts. Same thing you have govt refinery workers collecting salaries for decades and refining nothing. Yet the workers in DPR for instance who actually work cannot get a hiflgher wage because they money is spent on salaries for idle refinery workers. If govt says we want to sack refinery workers because they have no output to increase salaries of those like DPR who are actually working, it is the same workers that will say no and go on strike.

Humor me and do me a favour: as you go to places of business, be it supermarkets, government offices etc, start to observe the number of people idle doing nothing or performing mundane tasks. Hopefully you will start to understand what I am saying. You will find 3,4,5,6 people doing the job 1 person can do and as such they split the salary of that person into 3,4,5,6 places. Just observe and get back to me.

1 Like

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Reality3080: 1:42pm On May 20
Gabangel:


Your write-up sounds funny. can you compare a politician to a doctor (who has taken promise to save lives), a banker (who if one of your kobo miss is in trouble) or even the food seller (who if your stomach do you like you no understand you would...)? A politician who can kill, forget promises, uses force and dictatorship, not care about the lives of people he is ruling?
Even Doctors sometimes we chose them. Even banks, when they misbehave. And the interesting thing is how many doctors or banks bribes you to follow them? What of politicians... Sic...
those people are just annoying

1 Like 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Reality3080: 1:44pm On May 20
[b][/b]
Badmashiii:


See mumu. For the records,i dont even have a voters card for years and I'm well above the required age to posses one.

You igbos are just frustrated over obi not winning. How the hell can he win? He's not popular among the main political heavyweights. He's bound to lose definitely.

Because of he's greed and selfishness he betrayed atiku at the last moment and dream he can win the presidential like that? He's a very foolish clown. That fool doesn't deserve even a local government chairman seat.
God bless u for that line

They are just frustrated obi didn’t win

1 Like 1 Share

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by frank2zee: 1:45pm On May 20
This is the sole reason why minimum wage should be grossly increased.
Purchasing power of the masses is too low. When people are paid adequately they will comfortably buy these products.
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by gigfx: 1:49pm On May 20
Good as everyone dey fill the impact of Emilokan.

For a right thinking person, immediately Emilokan said subsidy is gone, you supposed know that this is what is going to happen.

And it is going to still get worse. Because, we must take the con3 IGR to a trillion dollars, not minding how it impacts the citizen. Na propaganda we go dey chop now.

All those multinationals that are leaving the con3, already analyse where the economy is going, reason they japa comot for Naija.

It is not a rocket science to know that this will happen. If companies are lamenting, what about retailer's, many of them go get expired product by now.

1 Like

Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Etuagievin(m): 1:56pm On May 20
Pecoleee345:


Ehya we don't know only a igbo can fix Nigeria.

Forgive us.....lol
. He has suddenly turned ibo?
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Akaegwu(m): 2:06pm On May 20
Tinubu is doing well
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Faposky95: 2:08pm On May 20
Why I call APC ..poor people....
A good economy recovery team amongst ways of mitigating the effects of....... should have created a thriving middle class which would allow for spending thereby allowing for the exchange of money and goods and services....instead, the thought that impoverishing the people to become beggarly by screaming out all they earn to buy little will put them on our lips and hearts.......
Think again
Re: Manufacturers Wail As Unsold Goods Pile Up In Warehouses by Faposky95: 2:10pm On May 20
Sanwo Only....you will come on another talk show where we will ask for the Sunday 25% reduced palliative market you audio set up......

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