₦airaland Forum

Theflint1:
Exactly, it's why Izzou's story of the guy that produces locally selling cheaper then starts to add up. Anybody wey choose to do local production when they can import most likely dey do so because it's more profitable or they have an ace up their sleeves...very few would pass on profit because of passion/social good.

I can't say what that Izzou's guys margins would be like, but him selling cheaper and stronger stuffs compared to the competition is an edge.

[color=royalblue]If producing locally was more profitable, believe me that many people importing would have switched

Producing locally has headache

You bother about business registrations, licensing if necessary and tax guys would mark you down

You bother about machines, location, quality control, power, security, marketing and staff

You bother about everything

Whereas your headache in importation is mostly marketing. Many don't pay tax sef.

To produce requires a lot of courage[/color]

Ibime:
Businesses seek profit not social good. If the Govt made the conditions such that producing locally would maximize his profit, then that's what he would have done.

Apart from that, I don't believe his rise is all uhuru, that's why he's been vague about it. He would have received some patronage from Govt or Govt linked sources along the way. That goes for 95% of Nigerian billionaires. The Nigerian environment hardly allows for a clean rise.

[color=royalblue]We are saying the same thing, sir

Impotation is where the money is, and that is what he did.

So if he is saying he wants to improve local production, he never put his money where his mouth is.

I heard Obi is the major importer of Heinze Ketchup (I don't know if it is true). It may interest you to know that Ketchup is produced locally here.

And i am sure the local manufacturer cannot lace Obi's shoes in wealth, so why can't this guy do it here?[/color]

liveLongNprospa:
This is a scary data

[color=royalblue]How is it scary?[/color]

Drone17:
Why do you think that he was accused of investing state money in his private business. Which business?

You don drink Hero beer before?

If an importer is telling you to produce listen to him.

[color=royalblue]Obi does not own any brewery. So investing in it, does not automatically exonerate him from cashing out from importation.

There are more hurdles to overcome from producing locally. So if you see anybody producing here, remove your cap, and shake him with two hands.

I am not taking anything from Obi's success. I am simply telling you that the man believed more in importation than local production. His means of wealth is proof.

And i still insist, it does not mean he wouldn't be a good president[/color]

Theflint1:
That kind of sacrifice can only come from love and passion for what he does, if Nigeria gets a president that incentivises local manufacturing or builds a brand that becomes big enough to compete, that guy go make serious money.

How does his price and quality compare with those that are imported?

[color=royalblue]His price is obviously cheaper, but his product is stronger, tbh

The only issue with his is finesse. We don't have "finishing". Apart from that, his output is too good.

Majority of his customers are from Cotonou. Like 99%[/color]

Theflint1:
I get sha, anybody that chose to do it locally when they could have and had access to import and make more deserve all their flowers.

[color=royalblue]All the trailer parts i sell are gotten from China. I buy them from importers

But the day i discovered a guy that manufactures here, i was shocked

Like..this guy could just easily go to China and sell here, but he chose to buy lathe machines, employ boys to fabricate it.

That takes a lot oh[/color]

liveLongNprospa:
Wait.. I gave an example of a company he invested in that deals in local production you say e too small.
Thing is the man switched from that line of business and moved into the banking industry where it seems he spent a bulk of his time.
And I'm very sure he has employed alot of people.

Most importantly like you said, it doesn't mean he wouldn't have made a good president 😁

[color=royalblue]I am not talking about employing people. I know he did

I am talking about owning local manufacturing companies. For a man who is a billionaire and we are struggling to name companies that are producing locally in his name, it tells a lot about what he believed in.

Yes, he can be a good president.

But i never believed that consumption to production talk. Through his actions, he did not even believe in it[/color]

Theflint1:
It's not about making excuses...those people wey dey produce locally, are they producing locally because they love local production or because that's the way through which they'd make the most profit?

If Peter Obi the hustler/businessman has connects that'd bring him supplies so he makes way more than he'd make doing local production, of course, he'd get it in and make cool money. The idea behind moving from consumption to production is not so that businessmen suffer to make profit just because they want to produce locally, it's so businessmen make good profit while producing locally...basically, make local production profitable.

Making profits as a businessman off importation is different from the same businessman understanding that as a country, over-reliance on importation does not favour us and isn't the best long-term strategy.

[color=royalblue]Go to Olojo drive in Alaba and you'll see chairs littered everywhere. If you see any businessman doing it locally, then give him the maximum respect

Like i said, Importation is the easiest way to blow. You cannot tell me that Tonimas won't make more if he imports. It takes balls to start from scratch here.

All these excuses won't exonerate Obi from failing to establish even if it as bakery so people can be employed, even if he was making 1 naira profit every month.

There are people that will preach local consumption and i would listen, not a man that made his billions from importation

This does not mean he wouldn't have made a good president oh[/color]

BlueRayDick:
In my opinion , anybody can preach any gospel . What matters eventually is if u do that which u promised when u eventually get there . Unfortunately we would never if Obi would be able to or not since he didn’t get there eventually .

Na who don reach there make we dey look wetin he go do.

[color=royalblue]Of course. He is within his rights to promise anything. [/color]

Theflint1:
Thing with this manufacturing thing is it depends on the type of business he does/did, and how feasible local manufacturing will be. For some businesses it's easy, and for others it isn't so easy, and one can understand the problem but the condition to implement the solutions he wants to effect are just not possible.

There are several things that can be produced locally, but conditions to make local production possible are just not there...that could be the case with Peter Obi, and it's also possible that this consumption to production philosophy that's his mantra is one he's come to realize as a solution to our problems over time. You can't compare Peter Obi the 28-35 year old hustler to Peter Obi the 60 year old plus man, the way they'd see the world would be very different.

[color=royalblue]Bros, i don't want to make excuses for him. If men that are very low in wealth can produce, i don't see why a billionaire can't

Obi was a big importer. Can you list what he specialised on, and check if it can't be produced?

One thing you should know is that Importation is the easiest way to wealth, and that is what Obi, and many other billionaires settle for

For me, he is not fit to propel the gospel of local production.

My opinion, though[/color]

liveLongNprospa:
I thought he invested in Umza Rice Mill and is a business partner 🤔 coz he talked about it.

[color=royalblue]Which one is Umza Rice Mill?

If a man who is a multi billionaire, and has just a rice mill, is selling local production to us, then.....

Men like Tonimas were already producing Engine Oil in the 90s, when Obi was a billionaire

Innoson was producing chairs locally here long time ago.
[/color]

Theflint1:
Funny thing about the whole thing is Peter Obi said he made his money from trade, essentially source (locally or internationally), and sell, rinse and repeat. Anyone that's been involved in a business of that nature knows that largely, that's what it comes down to...no fancy work history, just connects and plugs for getting stuffs into the country.

In today's Nigeria, computer village probably generates up to #2 Billion every single day, the people that put in the work to generate this money do buying and selling just like Peter Obi. There are several Naira billionaires in Computer Village today and many on their way to hitting that mark have essentially done what Peter Obi did, which was buying and selling.

Peter Obi's Abacha story is probably the biggest proof of what the man has been about. He being one of those that went out to speak on behalf of Lagos TinCan importers showed he either would have done business long enough in importation or gained respect by stacking the most coins faster than most... essentially he had to have been someone with interest vested in the TinCan logistics space for him to have not only been a representative but to have been appointed as Chairman of the TinCan port.

Funny thing with this agenda they're trying to push is that tomorrow yarns of Peter Obi talking about production to consumption when he's a major importer would come up and they'd insert themselves in it... you can guess on which side they'd be, and the agenda they'd be pushing then

[color=royalblue]To be honest, this is one of the reasons i doubted if Obi can turn Nigeria from consumption to production

Like, this guy made much of his wealth from importation. I doubt if anybody here can point to one single local manufacturing company he has

If this guy could afford a house of 1 million pounds outside politics, what stopped him from producing locally?

I know many Igbo guys that are not fit to lace his shoes, but they produce here.

I no too believe Obi on that talk sha[/color]

OasisX:


5 Million Nigerians in Sudan?! Our Northern Brothers and Sisters dey japa too o.

[color=royalblue]Sudan uses to have some good Medical schools

I don't know about now that it is war torn.

But people dey go there [/color]

Unlimited22:
At least he always engages and never runs away

BlaqFaze:
you guys are not understanding something...alot of popular social medias died during all those periods because it was HYPE then

Social media is longer hype and Twitter is among the leaders if not the leader

Agreed, anything can die but it'll take something very drastic to kill Twitter

[color=royalblue]Something very drastic can still be launched

Fara bale [/color]

BlaqFaze:
It's just like saying one company out of nowhere will replace Microsoft

Twitter is not dying... even Facebook is as strong as ever

[color=royalblue]Anything can die, bros

When i was younger, it was MySpace.

Once upon a time, Yahoo was the supreme messenger.
[/color]

[color=royalblue]GloriousGbola, what's your opinion on those block of flats in Festac?

Are they still strong enough to last for a decade, even with no maintenance?

Anytime i read about a building collapsing, i always remember Festac[/color]

Incognito9:
My side the vulcanizers get union, that's why they have fixed price #200, I'm sure ur side get union too.

[color=royalblue]E don move from 200 to 300 naa

The last time, i was begging the guy for 200

Una dey lucky for una side oh[/color]

GloriousGbola:
i just know you have MULTIPLE stories that you will tell us someday

[color=royalblue]After our brother's predicament, i don't think I'll want to venture into yams

[/color]

BlueRayDick:
The thing is he thinks he’s wiser than thousands of people who ply that same route regularly and dem no charter J5 bus to carry tubers of yam to Lagos .

He thinks he’s ogbon sodiki

Just like u said up there , those market associations are like cultists . If u carry grinding machine and put for front of ur house anywhere on the mainland in Lagos ; u will surely get a visit from pepper grinders association within a matter of weeks . If u choose not to join the association , they will ground ur grinding business 😂

[color=royalblue]Na so vulcanisers increase their own to 300.

Anywhere wey you go na 300

Their cult strong pass Ogboni [/color]

BlaqFaze:
I mean...a yam association would be the last thing on your mind in that situation

[color=royalblue]

Like...

Who would have put Yam association into their business plan?

Imagine, scaling all hurdles, only to hit a brickwall called Yam Association[/color]

BlueRayDick:
Exactly . Nigerians have the habit of jumping into businesses they know little or nothing about and end up burning their fingers .

I’ve seen people retire from paid employment , venture into businesses like fish farming and end up burning their fingers . They just look at the prospect of profit and start pumping into businesses they have no idea about.

[color=royalblue]The guy just saw an opportunity and wanted to cash out naa. No harm in that

It's not like he wanted to venture into yams[/color]

liveLongNprospa:
Lmao.. Nigeria na skit

[color=royalblue]Nigeria na big skit

It is just that most of our online agro sellers are just greedy.

If that guy had built an online brand for himself, repeat the same process, he will cash out

All these unions for Nigeria na strong cult oh[/color]

Shegzdave:
This is one thing that makes me question some people ability to think cause why will someone defend his oppressor
Well, some people suffer from Stockholm syndrome sha..

Most people in Nigeria are just surviving and not living and when someone points out the root cause of it, another person will start defending the oppressor.

I thought it’s one Nigeria and everybody should be after the well-being of his people and other region.

[color=royalblue]Sometimes, i just try to stay away from Nigeria and its troubles

For my sanity[/color]

Shegzdave:
The dude should be happy someone not from his region cares enough to point out the deficiencies in it, if more notable people keep pointing out the defect in a region persistently, the Nigeria govt will take steps to curb it but I’m shocked the guy is more concerned on who should say it and how they should say it..

I hope people will keep pointing out the menace in my reginn so that steps can be taken to curb it.

Some people sha!!

[color=royalblue]Like....

I remember one drug argument we had here, and i was defending Dabiri because I am tired sef.

Everybody in Nigeria is suffering

Young men and women with productive brains and strength hawking and carrying load

We wake up everyday just to survive, not to enjoy life.

Then a common man would be defending the messes of our thieves?

[/color]

iamoyindamola:
I am from the agbero tribe

[color=royalblue]We know it is true, but you have no right to say it about us


This is insulting[/color]

iamoyindamola:
Na obi lose na obi them carry for head
If obi say yes, that yes must is question because it's obi
Northern Nigeria have highest number of poor and illiterate even the blind can see this but because obi said it something is definitely wrong
😂😂😂

[color=royalblue]Are you a Northerner?[/color]

TrebleChamp:
Reason i will always say that hardship doesn't not look at Tribe or party I.D Card...

[color=royalblue]It does oh

People who suffer more, are those who didn't vote the incumbent party

Go and verify[/color]

BlueRayDick:
Why Ferdinand dey chook mouth for Chelsea matter ? Abeg let Ferdinand dey give advice/run punditry on United matches alone

[color=royalblue]Wahala[/color]

BlueRayDick:
🤣🤣🤣🤣

How can they blame someone that lost an election ? 🤷🏼‍♂️

[color=royalblue]Can't you see that GEJ excuse don die down?

Na Obi dey rain. You say Obi cannot remove the North from poverty because of Anambra, but you wanted Kwankwaso. So how did Kwankwaso remove Kano from poverty?

33 people were killed in Kaduna. Even in the SE, people were killed recently. But all those ones no matter, na Obi courtcase be the problem.

[/color]

Roland17:
The minute baba say Obi should not say it because he is an outsider na him I zero in on him bias and hypocrisy!

Man is aware of the obvious problem but only Northerners are allowed to talk about it otherwise it is an insult and rubbing it in his face!

It stinks to the high heavens!

[color=royalblue]Obi is just like Rio Ferdinand, a pundit.

Chelsea lose match, fan dey vex say Rio dey give advice. E leave Lampard and Potter wey dey responsible, begin vex for Rio[/color]

BlueRayDick:
I can understand if someone like Bashir Ahmed who gets paid over a million naira by the presidency monthly just to tweet and release statements online pushes such narrative ( I actually saw a tweet from him yesterday talking about the so called “insult “ )….. But what I will never understand is why a normal citizen be lying to himself as if what was said by Obi is not true .

It is well sha

[color=royalblue]It is the same tactic that would be used

More people have died from terrorism from 2019 to 2023, but put Femi Adeshina on the spot, and he will tell you GEJ did worse.

We have fallen off the ladder in the Corruption index. Inflation wan kill people, but the excuse is always GEJ

That is exactly what will happen in the next 4 years. When Tinubu is underperforming, they already have a scapegoat in the person of Obi.

Just watch.[/color]