₦airaland Forum

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

segaloo:
help me sir I'm sick and have nothing to eat

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

jmoore:
They give credit but you have to come tomorrow to benefit from the credit.

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thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

Depsui:
The Yoruba's have a provide that describes what you wrote. "San laarin, aje ni n muni pekoro"

Foodqueen:
I don't know the meaning of what u wrote o

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

Foodqueen:
To buy credit is easy, to pay back is a big problem to so many people.

When u sell credit to people that u will normally see everyday, they will change their route, and u won't get to see them again till u go to their house or jam them on the road.

I can't give example, my eye don see shege.

uche393:
this is where trust Muslim(Hausa) most, they avoid credit but if it must be credit... he'll surely pay.
apart from them others can't be trusted with credit, Nigerians love free things anything they don't pay for instantly will be hard to pay later especially where there is no written agreement and collateral.

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

snowland:
Haa. I've learnt my lesson about lending to Nigerians. The people I called friends are the ones that are owing me. One is $3k and one is $1k. It's been over a year now and it's been one from one story to the other. They one wey I borrow $1k dey naija dey build him house. The one of $3k dey US but had businesses in naija.

snowland:
Haa. I've learnt my lesson about lending to Nigerians. The people I called friends are the ones that are owing me. One is $3k and one is $1k. It's been over a year now and it's been one from one story to the other. They one wey I borrow $1k dey naija dey build him house. The one of $3k dey US but had businesses in naija.

NnamdiN:
I'll sell my land to buy goods from China, pay them cash, pay shipping and customs clearing to come and sell to you on credit? Lol
Why you no go neet chinese to give you the goods on credit
My dad taught me that the day you give credit that day you've lost that customer
E no go near your shop again.
I'd rather have the goods in my warehouse than lose it on the promise of I go pay later.
If your money no complete, go and save up

Honeydenz:
Who in his right senses sell land to buy goods in whatever form? Goods u will be selling 10k 20k and 50k daily and eat the money? U will sell an asset like a landed property to buy goods in the shop and use it to eat? Am finally giving up on Nigerians!

NnamdiN:
this was disrespectful but I'll address it. As a business person, you're primarily a risk taker, your landed asset would still be there if you died of hunger,but you sell it, raise capital, invest in a business, make plenty money and buy more Landed properties. From having just one, you now have like 10, or about 5 and counting in my case, and enough money to leave a shithole country like Nigeria .... so you didn't sell it for just 10k,20k 50k daily, even if you did, how many Nigerians make 50k daily?

Honeydenz:
Am still not convinced
Am a business woman and I own a shop filled with goods, there's no way you will buy multiple lands in a shop while from doing business except over a long period of time, like 6 years and above. That said, robbing Peter to pay Paul is never wise, an idea. Landed property what is otherwise called Real estate is a business on it's own and only few shop and warehouse owners can compete with it

NnamdiN:
2 people can do same business, one makes it in 3 years, another struggles for 15 years.
We're not all the same. I'm also not tryna convince you. Believe what you want

Honeydenz:
Your comments shows you haven't done any business as a matter of fact. You think business is salary work? Go and open a shop and see things for yourself. Or you think business is all about making profits? Do u know what we call unforeseen expenses? Operational costs? Loss? Running expenses? Council officials and tax collectors weekly visits? Theft (boys bursting your shop and doing fake transfers), what about those customers buying on credit and then avoid your shop afterwards? Landlord asking for 3 years upfront payment and subsequent rent increment as your business progresses? Aren't you going to feed? And if you have a family, feed them? Lazy/jobless relatives that's calling for financial help from time to time nko? You won't pay house rent or kid's school fees? Before you can even buy a car, multiple HAPPY NEW YEAR have been yelled at your ears. 10 lands Koh, 325 lands ni!

People who haven't engaged in business thinks it's easy, you better hold that salary job of yours very tightly!