₦airaland Forum

GloriousGbola:
if the numbers are not making sense, it may be a well packaged money laundering operation for some prolific yahoo boys.

the other possibility is they have some foreign backers with cash who aim to price the competition out of the market in the short run, after which they can raise prices as a a monopoly which is what 'disruption' is in a nutshell.

however i visited one the other day around egbeda and i did not see any significant difference in price

The bold is what I also noticed which promoted me to be wondering if the volume of sales they make will be enough to cover all their overhead expenses, cover their cost of capital and still allow them to post profit at the end of the month.

I think read somewhere that the promoters of the business are foreign ( maybe Germans or thereabouts), but that in itself will pose a big problem for them if it's true. If they are foreign owned they will not want to cut corners and will always want to follow the legal way of doing things in Naija. It will be difficult for them to do business and make it if they always follow the rules here while offering discounted prices.

Theflint1:
They offer some of the best prices around, like there's a Bokku Mart that shares fence with another shopping mall close to my place, the price difference between what Bokku Mart sells and what the other shop sells is always at least 50%. For example, last week I bought Nescafe small sachets from Bokku Mart at #100 per, the other shop was selling same at #250 per.

I think their low prices and proximity to buyers might be a competitive advantage, though one can't say ultimately what their margins would be like.

I have examined the competitive advantage angle but it's still not adding up. I bought something twice in one of their stores and the price difference is not like what they usually put up online. For example thedifference in the price of their bag of rice and that of regular omo igbo is not even up to 2,000 naira as at that time.

In fact it appears they only have discounted price in few items while majority of their products are sold the normal regular prices

Nezzjnr:
The Bread is actually tasty though.

But after two days...It loses that taste

Well, maybe it's the cost of materials that has affected the quality of their bread now.

Amigoss:
Lol,they are using the bet9ja model which have stood the test of time...

How does Bet9ja model work for a grocery store?

Bet9ja are not selling physical goods, rather they are selling a promise to pay you sums of money if you are lucky enough to guess the outcome of football matches. The fact that only few lucky ones can predict correctly outcome of football matches has already made Bet9ja a profitable business before it even starts operation.

Same cannot be said for a grocery store business in this current economy. They are selling physical products which they will need to rely on the amount of disposable income available to their would be customers in this hard times. The fact that they need to pay a number of staff salaries, fuel their big diesel generator, pay various forms of government levies and even engage in CSR out of the little profit they make from selling goods a little above cost price is enough to put a hole in their pocket.

Now the major profit they can make is on the volume of sales they can make. Having 3 outlets within the same axis and expending the same cost in each of the 3 outlets seem like a very fooolish business decision from where I stand. Why not maintain one outlet and then use marketing and customer service to drive large volume of sales from that single outlet?

Tinubu would be extremely fooolish to allow such undemocratic move be made by Wike.

There's already a Supreme Court judgment held that FG withholding allocation of LGA's is illegal.Yes, that's the case between FG and Lagos state government when Tinubu was governor.

So on what premise will the so called Federal high court will be granting such injunction when a higher court has already ruled that FG withholding LGA funds is illegal?

Nezzjnr:
[/size]

It's crazy.

When you're done buying....You've to pay for the Nylon and you get to package it yourself.

The hype about the Bread isn't there again as it used to be

I learnt the nylon selling is to discourage people from actually using nylon. More like their own quota to going green.

You know abroad nylons are recyclable. The idea is that u will use the nylon u buy today, keep it for next time instead of throwing it away Like u would do for nylon given to u freely because u know u will get another one tomorrow.

I've never been interested in their bread because I can't join any yeye queue to buy bread when I have enough decent bakeries close to me where I can buy bread without any hassle.

Am I the only one that has problem with this Booku mart business model and have a feeling that their business model is not sustainable in the long run?

I mean the way their branches spring up almost everywhere, the whole thing looks like it's all backed up by emotions and not real business sense.

For example there's an area I do drive pass. The stretch of that road on Google map is 5.8km and there are 3 Booku mart on that single road. 2 of the outlets had been in operation for over a year now and the 3rd one was recently opened on the same road. They are just separated by few bus stops from each other.

How will they breakeven if as business owner selling groceries u have 3 outlets competiting for the same customers who live within the space of 15 minutes drive? They will have to run diesel generator or NEPA light througout their opening hours, pay staff, pay land use charge and other government taxes and rates for all 3 outlets. The crazy part is there are couple of other supermarket not named Booku on that same axis who sell almost the same thing they sell.

Then there are customers who would rather buy some of their groceries from a major market that is not far from the area.


I may be wrong, but I have placed Booku on a watch list of businesses that may fail in the nearest foreseeable future.

Itsrm:
Mtcheew.

Cut and join videos that have taken away the context under which some of the statements were made.

So he never made those statements abi? Even the one Gbenga Aruleba was referring him to the previous statement he made about the Odili's?

What context are u looking for in that one?

If you have the full videos please share

Whoever compiled this video is a candidate of heaven ….
WIKE the OBIAKPOR HITLER is Miles away from integrity…
Fubara’s words at the ending is definitely the highlight of it all 🤣🤣🤣🤣
River State is now in the hands of the people….. pic.twitter.com/0ys395ypSM

— THE TRUTH (@DEVILZADV0CATEE) October 6, 2024

Dem supposed dey play this video on all TV stations in Rivers state.

Wike is the real fenuwugate.

Tottenham na detty! 🤮

izzou:
[color=royalblue]Atiku with governors, Senators and HORs in his party did not put his life on the line.

Na person wey just come out alone, na him una wan turn to everything wey una imagination conceive.

2027, make una vote Tinubu again, since na Risk takers be good presidential candidates

Nigerians and not knowing what they want [/color]

Abi they should kukuma beg men like Asari Dokubo or Tompolo to run for presidency since na people wey fit raise hell and put their lives on the line they want. Those are strongmen

Amigoss:
Which kind of politicking do you think can now wrestle power off APC that wants to kill Nigeria,this obi soft approach??....

The only politicking that can save the country is if the opposition starts mass re-orientation of the masses right now before election year draws near.

Let me give u an illustration. In Lagos for example it is almost impossible for any party to snatch the governorship from APC by starting campaign a year to election period...

For starters APC has a very solid structure at the grassroots level; they do ward meetings every week whether it's election season or not. They have APC members who are market women, agbero, teachers, civil servants, artisans, corporates etc.

Any party that wants to wrestle power from them must also have same arrangement in place. Re-orientate the people, show them how APC is short changing the people by doing the barest minimum in terms of governance while their leaders are eating good at the state & federal level. When campaign season comes, it will be much easier to canvass people.

Then you also need to disabuse the mind of the people that if they vote for u, they are throwing away their votes because Ur party will never win. U need to make them believe indeed Ur party can win; let them just do their part by voting for Ur party while u will ensure their votes count. This is the major tool APC always use ; u will see intelligent people voting for a party that is currently causing them hardship simply because they feel if they vote for the opposition they will never win. Despite PDP being a mega party 2014/2015, a lot of people actually believe APC and that worked for them.

Godstime001:
Abiola was not fighting any one Nigeria, was only angry that his partners in crime IBB and the rest run am street.

Well, that's ur opinion but he was the face of opposition against the military junta

Godstime001:
Baba u no go kill me with laugh. Which one be say chicken republic don dey sell things not related to chicken.

Yes now 😂

I was surprised seeing them sell Asun. They call it "Asun-as-Possible"

seankafor:
lol, how does someone like obi with the saint he plays tends to rule a country like Nigeria, it's realistically impossible..

If the youths were behind someone like sowore like they were for obi in 2023, you think 💬 swore won't have let hell loose?

You guys don't even know the set of people u are dealing with.

On October 20, it will be exactly 4 years Soldiers opened fire on harmless protesters under the guise of imposing a curfew. The same people that did that will do worse if you rally round Sowore to let any hell loose.

It's like u people forget things very easily in this era

Amigoss:
How was APC able to do it to sell dreams to Nigerians....

Well, PDP failed. That was what led to all of these.

PDP failed and people wanted an alternative ; unfortunately APC became a bigger failure but they have been able to master the art of deceiving few guilible people and then use Power incumbency to remain on power ever since. They've employed every form of divisive politics, institutionalizing and weaponizing poverty and propaganda to their own advantage.

swiz123:
That illusion is why they are trophiless -- something Saka is familiar with.

While he was busy keeping it simple, static and looking for cheap crossing assist vs Spain, Palmer came on and scored a banger and gave his country something to fight for.

Palmer might gift your useless Saka an international trophy, when that happens, I hope you remember whom to thank.

Go warm eba chop.

Only people wey dey watch other team matches once in a blue moon go talk say Saka is useless. You are one of them.

seankafor:
but why come out in the first place if you re not ready to play the game?

Atiku held protest 🪧 in front of inec, swore leads protests day in day out..


If you know you can't play the game, why come out in the first place?

Even datti his vice is more daring than him

Atiku and Datti are fulanis.

Let Obi try same if he will not be roped. It seems some of u want to make martyr out of Obi so bad.

Martyrs don't get any reward in Nigeria. At most they will name a stadium or airport after u 20 years after u have been killed by the system.

seankafor:
He meant by orchestrating heavy protest 🪧...

In a good note, many youths was ready to hit the streets aftermath of the presidential election, all they needed was for obi who they voted for to pioneer it.. which he obi chickened out..

That's what okomkwo is saying, you don't fear death while going to war.. look at people like trump, you re fighting against gangs of hoodlums masked at politicians and you re playing Saint..

If obi repeats same approach 2027,it'd be more disastrous than 2023 because I doubt he'd even see up to a million vote..

As a matter of fact, obi does not have it in him to contest and win an election with the kind of election been played in Nigeria...

Nigeria is not America. You will be arrested and imprisoned for treason if you do half of what Trump did after losing election..

Go and read about Awolowo going to prison and read about MKO Abiola's political travail.

Na sense dem dey use do opposition in Nigeria where the judiciary is under the control of Federal government.

OkpaNsukkaisBae:
He no really break am down. Key point, according to him, is that the person suppose dey ready to put his life on the line. If not, nothing go make am defend such candidate again in any election.

Ah! 😲

Make Nigerian billionaire sacrifice his life because he wants to create a better Nigeria?

I don't support such. MKO Abiola was arguably the richest man in Nigeria as at the time he contested the presidential election in 1992/1993. He had enough opportunities to give up his mandate after he was arrested and imprisoned; he never gave up because he believed in Nigeria. Several political leaders met with Abacha and also met with him in prison ; the only condition for his release was to denounce the election he rightfully won. He refused and died in custody.

Today a lot of people pisss on his grave. People that ran away from Nigeria while he sacrificed his life are enjoying while it is alleged that some of his children cannot even pay for quality Healthcare in the best hospitals in Nigeria.

Okonkwo is just getting emotional unnecessarily. If something happens to Obi while he's doing what Okonkwo suggested, the same Okonkwo will decamp to APC or whatever ruling party that's in government. He has done that before. Make he rest abeg.

Do you know that Babagana Kingibe was Abiola's running mate in 1993 presidential elections? After Abiola was arrested for refusing to denounce his mandate, the same Kingibe joined the government of Abacha that refused to release his principal. Kingibe served almost every government since 1993 including the recent Buhari govt. Today his wife Ìrètí Kingibe is a Senator in the house of assembly. But Abiola died putting his life on the line for democracy.

If Peter Obi does not learn from all of these, then he will be a fooool to follow Okonkwo's ill-thought advice.

izzou:


[color=royalblue]Drove into Lagos today, and the roads dry pass Cracker biscuits.

People no dey too comot like before.

Everybody dey maintain composure.[/color]

Ọmọ! It is only online people are forming hard men and women. Offline, things are not rosy at all.

I don't even know how all these restaurants/fast food are making profit now. Chicken republic that used to sell only chicken and sides Don dey sell other things not related to chicken. During Buhari regime when they introduced white rice and egg people still reason with them ghat egg comes from chicken, so they are not too veering off from their chicken calling.

Last week I entered chicken Republic and discovered they now sell asun 😂. Tinubu economy does not allow for them to remain loyal to their chicken niche; dem Don enter goat meat.

Even chowdeck that runs delivery service with very fast bike riders, I noticed they've almost phased out motorcycles as means of delivery. They now do delivery with majorly bicycle due to hike in fuel price which makes their turnaround time very very slow. Imagine ordering for lunch from a restaurant in Ikoyi and someone is riding bicycle from there to come and deliver to you at Ligali Ayorinde, Victoria Island 😩.

Tinubu hardship touch everybody one way or the other.

Kí Láwàní pẹ lórí, kí tesbau pẹ lọ́wọ́🙇

OkpaNsukkaisBae:
Okonkwo didn't say anybody should burn the country down. People should defend their right. That's his message. As the spokesman for LP in the last election he performed excellently

Did Okonkwo give a breakdown/explanation of how people are expected to defend their right?

If yes, please share.

nihilistjnr:
The more I read, the more I laugh.

Israel really ran these niggas streeeeeet.

How dem go send message to the victims say make sure you hold this pager with 2 hands?

This is what Yorubas call "edi" (spell) 😂.

The edi really catch them.

drisham:
Better run big man

He is doing to saka what he did to mount at Chelsea 😂

And if havertz underperforms he'll blame saka

They always look for an excuse for Thier generational fraud havertz

😃

The funny thing is the Saka he's slating is the one basically Helping Havertz career at Arsenal. Havertz himself will knock his head for talking down on Saka his helper.

TradingGod:
Our boy don mature na
He is no longer a starboy at this point but starman


Na palmer and yamal be the current starboys

I agree with u 100%

He's now our starman. He's God's gift to this club!

iamoyindamola:
https://www.nairaland.com/8231863/emirates-airlines-bans-pagers-walkie-talkies

Them no wan hear collateral damage

In case terrorists wey Israel don mark go enter plane and Israel go detonate pagers remotely not knowing the terrorist is traveling on emirates airline.

The management of the aircraft get sense!

Lush100:
BluerayDick...why are you trying to convince people of something they don't want to accept.
Didn't pundit plead with former England coach to move Saka to left back owing to the failure of players not performing.....did Saka not play left back eventually to allow Palmer to play.

Please stop wasting energy and saliva.
The only players that Arteta refuse to drop even for cup game barring the last one is Saka just so that quality is maintained.
Please leave the argument abeg....we can't be defending player na...everything is on the pitch

Na me 4ck am Sha.

Points well taken

Godstime001:
Turn up for group stage and get lost when it matter most?

But he's England's best player for two years running.

Rest abeg!

Godstime001:
But Baba those numbers poor na.

Which stats are poor?

Mention the player u stan and let's check his stats against big 6 teams. U will be shocked at what U will find out.

Godstime001:
Remove Germany and England. Because Saka Join people Wey keep England trophy less till today.

You obviously don't watch football well enough, if you do you will see Saka turning up for England everytike he's called upon. He turned up for them at the two euros he's played and at the world cup as well.

Saka is the least person u can blame for England failing to clinch any of those trophies.

Make Una dey watch matches before making all these claims that don't agree with facts

Theflint1:
To be fair, nothing concern Itsrm too, its pretty much sports for him, Wike already did anything projects so whether next governor works or gets a chance to work, nothing spoil...Wike supremacy na the koko

To him it’s not sport, he just seem to believe in the strong man politics Wike plays . He tends to believe Wike waving wads of Naira/dollar bills and emasculating other players with force makes a man worthy of being a “master political strategist” .

That’s the only thing that explains his support for Wike with his numerous baggages