₦airaland Forum

richmond500:
no, u should check the stats, Naira depreciated last year december

richmond500:
that is not the rest, last year by this time, naira depreciated.

gidgiddy:
How many times have you heard the authorities saying they will go after herdsmen? That is something that never happens. Fulani are sacred cows in Nigeria

benuejosh:
internal crisis spring up everywhere in the country. But for me to hate who you also hate is not part of me. The truth is always bitter but it is what it is. Peace.

bobby007:
They can't try it, soup dem dey lick from Nigeria too much, highest grossing in Africa

BoldBrainz:
For some reason, Nairaland is not letting me upload photos. I just saw a more updated version of this news on X where it's been confirmed that Netflix has pulled out of the Nigerian market.

As stated in my first comment, it is in this circumstance that we can both agree that Economic factors are largely responsible. But having this assumption on the back of Afolayan's disclosure about the Nigerian contents, was hasty and unnecessary.

BoldBrainz:
You're dancing around with a lot of unnecessary semantics. As long as Netflix still streams in Nigeria, it recoups revenue, whether the market here is half the size that's obtainable in Saotome and Principé or twice as much.

It will make no sense for them to abandon our local content over revenue drops when it is actually that content that appeals more to this target market. Something else has to be responsible, but this logic you're trying to sell is just not flying.

BoldBrainz:
If a deficit in ROI was the reason for Netflix's decision, it is safe to say that they will entirely pull out of the Nigerian market and not refrain from buying our local contents.

Netflix provides diverse contents to its consumers and as long as they still render services within the country, it implies that their consumers are still streaming contents being provided from other countries movie industries, rendering your argument about ROI redundant.

It will even be more reasonable to assume that they stopped because Nollywood lately has become too saturated with the same storylines, thereby reducing users' interests in local contents and subsequently depleting viewership. But arguing that this move results from a failing Nigerian economy, sounds quite nonsensical anyway you slice it.

BoldBrainz:
This is a very myopic take from top to bottom. You know that right?

BoldBrainz:
Much as I don't hold briefs for this despicable administration, I'm lost in thoughts as to how the messy Nigerian economy has anything to do with Netflix and whatever decision they make to halt their purchase of Nigerian film and tv contents.

You mind explaining?

Douglad:
little to zero ROI based on the declining purchasing power of the average nigerian. its not the big men in an economy that makes it successful but rather how well the middle class is especially when the price of the goods or services is not even that high to begin with in the first place like netflix.

i think we are going to see many of these companies pull out as nigeria is not ready for them yet and may never be to be completely honest. we are just too poor.

meobizy:
Nigerians love cheap articles and Temu is there to deliver. This will remove them from the evil clutches of Jumia, Konga, Dealdey and the many so-called indigenous brands which perform zero quality analysis on their goods.

turmacs:
Honestly, i feel like jumia is not a serious company. Jumia has what is takes to dominate the African e-commerce market but it seems their management just aren't ambitious.