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ElevationD's Posts

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Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 7:27pm On Sep 16
TEYA:
He did not sell at any damn factory price. Who goes to China, buys stuff and sell at factory price. Go and bleeping compete. Compete or perich! That is the rule of the market place.
Confused young man. Why not tell VDM to return to his village. Why not ask him how much he sells his phones.

By the way, have you completed your secondary school education?
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 7:24pm On Sep 16
TEYA:
You people mock the South Africans for being "lazy", now the Chinese are teaching you how to "work hard" and you are complaining. It's a market place, compete or die! The only strategy you people know is forming cartels and call them unions so you can swindle customers.Shame! Wicked people!
You forget that your people also import goods from the Chinese? That means that your people are very lazy too. Are they not? People whose only job is to drink shepe, make noise and join agbero at the motor garages. No be una work be that? Show us who forms more cartels than your people. Pepper sellers association. Welder association. Hairdressers association. Guguru sellers association. Association of vegetable sellers. Is that not why aso ebi is so popular? Are your associations not made to swindle and punish you all with high prices?
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 7:19pm On Sep 16
Afrojuju2017:
Manufacturers don't want to be in retail, a manufacturer wants a partner to act as a distributor in a market who can promote that product and if confident relationship is established a manufacturer would even forward sale large volumes to his distributor.

The only business a manufacturer has it that his/her product is competitive in the market for quality and price.

The manufacturer has been forced to come into the retail market or influence a retail agent in this case a Chinese national because the previous distributor is price gouging and making the product uncompetitive.
Manufacturers are not technically supposed to be in the retail field. But it is not unusual to find manufacturers get involved in the retail side of business. It is common here in Nigeria, just as it is with Asian companies. No manufacturer wants to have his warehouse filled with unsold goods. In China, as in other countries, you pay for storage. Your goods must be shipped upon completion of production, to give way for more goods.

Once again, note that Asians consider Africa as a very large market and manufacturers want to be part of the market. A lot of them want to find their ways into the markets, but are hindered by the lack of contacts. The contacts are our importers who purchase products from them. They get information from importers who do not know their motives.

Price gourging? Definite NO.
A serious importer wants to brings goods, sell at very good rates, make quick turnovers and return to the manufacturer with new orders. Prices are increased outside the warehouse of the importer.

Let’s use Dangote as our example again in the Nigerian market. He is the largest petrol producer in the country. Ordinarily, distributors are expected to load in the facility using their own trucks. It was the process until
Last year when Dangote got involved with the logistics end, purchasing thousands of trucks to deliver products nationwide. Transport owners complained, but it remained his policy. Now he’s involved in retailing.

That’s the same way with certain manufacturers. They get involved in the entire value chain, stifling competition and rendering many jobless in the process.

So, yes, the Chinese found the way here. They have been here since for ages, as the country has held a lot of potentials for them.

For youths here who do not understand the implications. They simply think that it is a way of chasing citizens of the SE away from the market. They have not considered the capital flight that comes with it. They have not considered the joblessness that it creates. They same have been screaming when they see Nigerians getting ill treated in Chinese owned businesses.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:58pm On Sep 16
Afrojuju2017:
My grandfather was a multi millionaire in that same Nigeria in the 1930s and 50s.
If I told you my name you'd know.

We don't just have property across the SW of Nigeria we have large expanse of land, we own multiple streets, bother commercial and residential especially Ikeja industrial and VI . We actually owned 50% of a major market in Ibadan and only disposed of it recently.
Or is it the over 50 thousands hectares we own.

The best property locations across Lagos and Ibadan especially
“My grandfather was a multimillionaire in the 1930…”.

Is that not a story? You no get small shame for eye. We are talking of 2026 and you are talking of your grand papa of 1930.

Abeg shishi no dey you and your papa hand. Make we hear word.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:57pm On Sep 16
Afrojuju2017:
My grandfather was a multi millionaire in that same Nigeria in the 1930s and 50s.
If I told you my name you'd know.

We don't just have property across the SW of Nigeria we have large expanse of land, we own multiple streets, bother commercial and residential especially Ikeja industrial and VI . We actually owned 50% of a major market in Ibadan and only disposed of it recently.
Or is it the over 50 thousands hectares we own.

The best property locations across Lagos and Ibadan especially
“My grandfather was a multimillionaire in the 1930…”.

Is that not a story? You no get small shame for eye. We are talking of 2026 and you are talking of your grand papa of 1930.

Abeg shishi no dey your hand. Make we hear word.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:55pm On Sep 16
Mrexcell:
Igbo traders in lagos also reinvest their profits in real estate and other sectors in lagos while those chinese business owners will take most of their profits back to China.
Don’t mind them. Na only amala and gbegiri dey their head.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:53pm On Sep 16
Goonnik:
That you people business
So, mind your own business. Short and simple!
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:52pm On Sep 16
Tareq1105:
Sebi you Ibo guys have been exploiting Nigeria and Nigerians for long. No one can stop me from buying at chinko stores if it's the size of my pocket.
Enjoy your political power that brings you hardship and misery while we enjoy our economic power that brings us peace and joy!
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:04pm On Sep 16
Afrojuju2017:
Bobo there is a restructuring coming along, all Nigerians is going back to regionalism. The day of FG protection will soon be over you'll quickly relocate back to your dot region
If they ask you to show your papa house, you no go know. Dey claim Lagos and region wey you no come from.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:03pm On Sep 16
FSBoperator:
Abeg , wait let me bring my violin to give this your sadness a soundtrack.

Pele
If you play violin fall down, let me know, make I send medicine to you. Remember say na we dey sell medicine to save una lives.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:02pm On Sep 16
lordm:
You have to rope APC to your loss. Don't you people do business in other countries.
Businesses are always prone to competition.
Is APC not the cause of the problem? Be honest with yourself and tell yourself the simple truth.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 6:01pm On Sep 16
BATified2023:
At least they have tried, let them rest we now want the Chinese to start where u have stopped
Unfortunately we have not stopped and will never stop.

We hold una blokos. By the way, where will you get drugs to save your lives if we stop?
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:59pm On Sep 16
victorazyvictor:
What stops you from manufacturing your own here and compete with them?
What are you lacking? Human resources or mineral resources?
Great question.

Do you remember that a time, Dangote talked about building his factory out of Nigeria?
Do you remember that Erisco moved the business out of Nigeria?

With goods from Asia, it is first not a manufacturing problem. There certain household items are manufactured by them and we end up importing them. If traders choose to manufacture locally, too many challenges or bottlenecks make such moves hard,

It is not cheap getting involved with manufacturing. Let me use nails as an example. It used to be cheap purchasing nail making machines and setting up the industry. Now it is almost impossible. The same goes for even our palmoil. Machines used to be cheap, but now almost out of reach for intended manufacturers.

We have the resources, but the cost of manufacturing in the country is huge.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:52pm On Sep 16
TEYA:
Oga, they don't make anything high for anybody, we just know how wicked Nigerian traders are, that is why even crayfish sellers have inions so they can hike prices. Wicked people.
Are you still in secondary school?
Clearly you do not know what we are talking about.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:51pm On Sep 16
Kalulu44:
Exactly what I was on ystday. You make Nigerians come to you to buy goods whether in China or Ogun free trade zone.
Import them from China, transport them from the free trade zone and about to sell at a price they'll make profit.
Then you the manufacturer that sells at wholesale price to them still brought same goods to their domain to sell at company's price. How do you expect them to feel and to survive
Let me give you an example.

There’s what called OEM. The manufacturer in Asia by the trade laws is able to produce what you want in your branded name. His factory is probably a new factory that wants a market in Africa, particularly Nigeria. You purchase a twenty foot container to start with. You pay all the charges and deliver to your warehouse. You take your time to sell. Next time you purchase a forty foot. And then you move up to ten containers. The manufacturer begins to ask questions as he wants to expand his business, seeing that the goods are now well known in the market. He has a large factory and is able to produce one hundred containers monthly. He begins to target your country. In no time, you see those same goods, with different names in the market. He floods the market with the goods. He delays your production. He is able to produce one hundred containers to flood the market monthly at cheaper rates. He gives you higher rates for the few containers that you buy. He employs more workers in his factory. He visits Nigeria, bringing along with him one or two sales persons and they remain here. The Nigerians lose grounds, shops close and they are out of business because of the unfair practices of Asians. That’s the issue.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:39pm On Sep 16
TEYA:
OHA nothing wey you fit tell me, our traders are very wicked people. Did VDM not show how wicked you people are? Pursuing 2000% profit per sale. Who does that?
Have you bothered to ask VDM how much he sold the phones that he imported after all the noise that he made? Have you?

Did VDM sell for free or perhaps did he sell at the factory price to impress his audience?’ So una no get sense know say VDM was trying to venture into that business? How far now with him? Have you patronized his business?
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:36pm On Sep 16
Sleekfingers:
I prefer to buy from the Chinese, than to patronise our greedy brothers.

Our same brothers killed our textile industries with their useless importers back then. Now they are crying all over the place .

No one is saying they shouldn't make profit, but the outrageous price they are selling is a complete wickedness.

Are the Chinese breaking any law? If they are , then they should point it out and let the appropriate authority address it.

For now . The Chinese should continue doing what they are doing.
Na so una go dey talk. Small children.

Go and ask General Babangida what happened to the textile industries. Ask General Babangida why he introduced SFEM in August 1986, effectively devaluing the naira, which had not recovered up till this day. Ask General Babangida why cotton production seized. Ask Babangida why he closed down the Nigerian national supply company, the major federal organization that used to import fertilizers used then. When growing cotton became an issue, should Nigerians walk about naked? Who ere those traveling to Europe and USA to import clothes? Na Yoruba people.

When you purchase bad products from Chinese people, remember to tell your people the exact source.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:28pm On Sep 16
shortgun:
It is not just about selling at cheaper prices to Nigerian buyers. It is also about killing Nigerian businesses.

Many people don't understand that the Chinese government supports its citizens businesses. Chinese businesses have the backing and support of their government.

So how do you expect ordinary Nigerian traders to compete against Chinese businesses and sell cheaper?
Don’t mind the ignorant FSB guy.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:27pm On Sep 16
FSBoperator:
The Chinese will soon invest in mega warehouses and distribution networks and digital stores .

They will open their warehouses across the 5 working geopolitical zones and sell to retailers at a good price and directly to consumers.

The first mega warehouse will soon be commissioned along the Coastal highway Lagos -Ogun corridor and will serve all coastal states.

Another one will pop up in PH, then Abuja, then Kano and later Gombe to serve the other geopolical regions.

They won't be opening one in your region for fact that it might get raided by a mob .
This is called hoping against hope.

Tell us how that will reduce the cost of goods please. Will that phone in your hand sell for cheaper amount? Will the cost of that your boxer, covering your small yansh and small okro size prik get cheaper?

No be only mega warehouse. Na storekeeper. With Chinese towns existing for years, tell us how the cost of products have reduced.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:22pm On Sep 16
FSBoperator:
My friend, it is your brothers that were protesting against the Chinese retailers having shops and warehouses in the Trade fair complex

Nah their cry make me know say there are Chinese retailers operating shops in that complex and are outselling your brothers.

As I said, your false call to patriotism just as you did with trying to get Nigerian govt to shut down MTN because the SA people wanted your drug dealers out is not and will never work on me.

You are free to relocate to Onitsha and impose strict register on who can operate a shop in that your markets.
How can we leave our houses where we are landlords to your people and relocate to Onitsha? Una want to thief house wey una no build?

Since you did not know that the Chinese are in Trade fair, why shooook your mouth into what you knew nothing about in the first place?
Health › Re: Shock As Woman Shows Off Homemade Pure Water Factory (Photos/Video) by ElevationD: 5:18pm On Sep 16
Kalulu44:
Hmmm... True sha, but above all you stated. She doesn't necessarily need a vehicle for now.
Even that place she's now can be made clean and hygienic. Whoever that needs to assist her doesn't need to start the venture big.
Sure, she may not need a vehicle. She apparently has some people who come to her mini factory to pick up, making her cut off the cost of taken the items to the market directly.

However, it is no longer that easy. There’s no small way to it. Equipments are costly, even for the small ones. Even without a vehicle to confer her items, she needs approximately 4m.

However, NAFDAC requires to manufacturer to have a safe property. Gone are the days when people could use one room in the flats. No approval from NAFDAC for that anymore. So she needs a land with at least three rooms built.

The lady knows them all, but her problem is the finance.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:12pm On Sep 16
FSBoperator:
Any attempt to force the Chinese retailers out of the market will see to that your market union being disbanded.

This is Lagos and not Onitsha were every rubbish is allowed.

And you saying you will vote people into power who will promote abd protect your extortionist cartel and go after your competitors shows the kind of desperation and lengths you will go to maintain your racket.
Owner of Lagos. Na your house you kuku dey stay make mouth. No be only disbanded, na unbanded.

We know that you are from one village in Osun state.

You want Nigerians to relocate out of Yoruba areas, while your people travel to Europe to become Europeans. Fa fa fa fa fawol.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:06pm On Sep 16
FSBoperator:
A middle man that provides a better pricing is a better alternative.

No amount of emotional blackmail and false calls to patriotism will see any one preferring to pay more for the same goods and quantity from you than they will pay when buying from the Chinese.

Shey you say you Sabi business ?

Chinese are here to teach you real business.
Show us the better prices. Show us how the prices of phones imported from China, sold by the Chinese and your so called middlemen have reduced. Show us how the prices of those your okrika clothes have reduced, even with your Chinese as the retailers.

Since we are businessmen, let us face our businesses, while you face APC and whatever reward that you all receive from the poverty inducing party. The Chinese are here to teach your own people business too!

By the way, that phone in your hand, who sold it to you? Even if you cannot identify the middleman, can you pretend that it was not imported by a middleman?
Health › Re: Shock As Woman Shows Off Homemade Pure Water Factory (Photos/Video) by ElevationD: 5:01pm On Sep 16
Kalulu44:
As you and I have seen what she can do, isn't it nice for someone to help upgrade her than this arrest her and what not.
Setting up that business is no longer easy for those interested. The cost is very huge.

Let’s take it for granted that she has the water satchet making machine. Let’s overlook the capacity. She needs a very clean and safe area. She needs a clean apartment where her machines can be set up. She compulsorily needs a purifier. She needs a company name and NAFDAC registration. She needs a vehicle for distribution among other logistics.

Who will upgrade her? Who will help her? Anyway, the law is the law. She may have been exposed to trouble.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 4:55pm On Sep 16
BATified2023:
who send u to act as middle man?

We don't need any middle man who will sell at exorbitant prices, leave those Chinese traders.....we are comfortable with them
Who send you to buy from middle man? If to say common sense go allow you, you for know say the same Chinese are middle men too.

APC no dey let person think straight. Wake up!
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 4:46pm On Sep 16
BATified2023:
who cares if u have money to buy in volume or not, all we care about is that we want to buy directly from Chinese n not a greedy middle man who will make money from us n still rob it on our face that we are lazy.

Which union?

U will go n do union in your village n not here, u are a stranger n can't dictate what another stranger will do.

U better go to twitter n see china must stay protest, many of your brothers went to destroy their shops n the police have already arrested like 8 of them.

It's like u think it's a joke, if u ain't comfortable with the Chinese traders go back to your village n sell to your people at exorbitant prices
What is our concern with that?

It pains you deeply that the same people surround you completely. Your gadgets, your house, your clothes, shoes, kitchen equipments, everything sold to you by the same people. Added to that, they are your landlords too. They sell drugs to you that save your life.

Why not simply clap for them. Praise them, so that they can do more to help you.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 4:38pm On Sep 16
FSBoperator:
Abeg close mouth.

We are practicing a free market economy.

We will not deport Chinese businessmen so that you can continue your cartel monopoly extortion racket on us

Has it even crossed your mind that if Nigeria prevents Chinese from doing business here that the Chinese can do same to your people doing business in China ?


We are in a free market economy and this is just the begining of your woes as these Chinese guys will soon replicate Temu or Alibaba digital market in Nigeria to showcase, sell and deliver their goods through the internet.


You guys thought this day will never come , now it is here.

Just wait for Chinese EVs to start becoming a thing here and see an end to your other spare parts market ventures .


I even foresee these Chinese digital stores being embraced because of how easy it will be for state govts for collect VAT.

You guys never bothered to evolve now the Chinese will chase you back to your village
What else should we expect from an Islamic radicalist, clothed in ethnic garments to demonize others. Primate whoever, I believe that you are foreseeing more hardship with APC for yourself.

Common sense should have told you that your Yoruba people control huge chunks of the retail markets in Trade fair and that protest includes Yoruba people who carry on their trade in that area. Commonsense should have told you that a huge chunk of importers are Yoruba people.

Anyway, it is good to note that the people that you castigate, actually make life easy for you by bringing daily needs that you need to run your life with.

Imagine how APC has so made many of you lose whatever is left of your small senses. You practice free trade, yet your citizens lose their jobs to unfair competition to foreigners. You think that Donald Trump is stupid in protecting American industries and economy with his tariff plans.

Tell us the day that has come. Tell us how you purchase goods at cheaper rates. Give examples, at least since APC assumed leadership since 2015.

Tell us how you purchase cheaper with Alibaba or Temu. That’s how some of you disgrace yourselves with your very poor knowledge. With Jumia, Jiji and OLX, tell us how prices dropped to favour you and how prices will drop to favour you with Alibaba and Temu. Maybe you are the manufacturer that will post your products at very cheap rates there, importing them for free.

We are talking of protecting Nigerian jobs in this APC hardship economy and this one bewitched by APC is talking about deportation.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 4:20pm On Sep 16
FSBoperator:
When and where did you pull this edict from ?

Are you telling us that the Chinese retailers are working directly for every product company ?

Nothing stops Chinese businessmen and women to open retail shop as long as they have met all the criteria set by Nigerian immigration and trade and investment board.
Oga, too much APC, Iran and tribalism is clearly taking its toll on you.

If you understood the issue, you’d not have made such a comment

We are talking about unfair trade practices that affect all Nigerian importers, who sell Chinese/Asian manufactured goods in various retail markets across the country. It has to do with Chinese manufacturers, who make importers purchase at high rates in Chinese factories to sell in Nigeria, while the same Chinese manufacturers, seeing that their products move in the market, seize the opportunity to bring in their own staff and flooding the markets with the same goods at far lower prices, therefore putting Nigerians out of jobs. Oga, Nigerians take the risk a lot of times, importing unknown products into the market to advertise. Manufacturers notice the rapidity of sales and plan how to bypass those who made the effort.

Many years ago Asians used to have well spelt out trade agreements with Nigerian importers. They put an end to that. Now the same products are found in the market, manufactured by the same factories, but with other brand names, taking advantage of OEM as the manufacturers.

Oga, the Chinese retailers that you see in the streets are direct representatives of factories in their home country. They are not looking for jobs. Go to trade fair, Alaba and Lagos Island markets to see for yasef. The same happens in the SE and NW.

So oga, no one is talking about immigration or your imaginary edict. We are talking of protection for Nigerians. We are talking out of personal experiences and not what APC wants us to pretend to say, as they tell you people.

The same people like you get angry that Nigerians in South Africa had their shops locked up by South Africans, who felt that their government did not do enough to protect the jobs of the citizens.

Tell your leaders who have political power to look at protecting Nigerian traders and effectively ensuring that jobs are not lost, in this APC hardship afflicted country.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 3:32pm On Sep 16
TonyeBarcanista:
The traders must learn not to be greedy. Price should be fair and competitive. One shop cannot be selling an item for 10 kobo while yhe other selling for 25 kobo for the same or similar product, and the one selling for 25 kobo will then turn around to protest that the 10 kobo guy should be stopped. It doesn't work that way.
Sorry bro, I think you are missing it.

You cannot be manufacturing the same product for me; I borrow at high amounts to pay your product price + shipping costs to deliver to my retail shop in Trade fair, only for you to compete against me by bringing the same product to the same market directly from your factory at very cheaper rates and expect me to stay silent. That’s very unfair trade practice.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 3:24pm On Sep 16
TonyeBarcanista:
We cannot stop foreigners from legitimately doing business in Nigeria. That would be highly counterproductive.
Agreed with you partially.

However, do you think Donald Trump acts counter productively in protecting American industries and citizens? I think Donald Trump does the right things when it comes to trade with other countries.

Government has the business of protecting the interests of the citizens. The Asians do that too.

Trade fair is a retail market area, where over 90% of the goods traded there are imported into the country. The Asians who have very solid industries, secure visas to visit Nigeria, reside in Nigeria, import from their industries to physically sell in the retail markets. I don’t see that as fair to Nigerian traders who import from the same Asian manufacturers at high prices, only to find the same Asian manufacturers competing with them in their retail markets. That the reason for imposing tariffs by Donald Trump to check make the excesses of the Chinese. Take off the unfair practices and provide jobs for his people first.,

My former Asian manufacturer at some points repeatedly also asked me about the possibility of agreeing with him to manufacture here in Lagos, the same product that I used to import from his factory. When I discussed partnership with him in his country to set up a factory for a particular item that he used to act as a middle man to get for me, he gave me a hugely inflated set up cost that put me off.
Business › Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 2:17pm On Sep 16
If other nationals, including Asians can demand that Nigerians should be deported from their countries, Nigerians have the right to protest such unfair competition by the Chinese and Indians.

Before now, it was the Indians in the garment and plastic industries. Now it is the Chinese, Cambodians, Taiwanese and Vietnamese , who manufacture the products in their countries, make the prices high for Nigerian importers there and then ship their own containers to Nigeria, to sell directly in the Nigerian retail market. Most Nigerians are not aware that a lot of the used clothes and shoes that they purchase are not only from China, but from Cambodia and Vietnam.

Sadly, while the Chinese are increasing their presence here, establishing Chinese towns and factories, our citizens are busy playing local xenophobia politics and destroying themselves. Infact, the same Chinese now parade the streets of Lagos with their wares, selling directly on the streets.

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