₦airaland Forum

Melagros:
COMRADES, the article says; unsold goods pile up. This means that we're suffering in the midst of plenty and this implies that we are the cause of our problems

Godfullsam:
Let them keep stock piling goods.

They don't want to bring down the price of goods so that people can buy.

Greedy manufacturers

dominique:
Then they should stop inflating the price of their goods or reach out to middlemen and agree on fixing prices in rh goods. The indomie I'm currently having was bought at around 6,500 per carton, now I'm hearing it's over 10k. Once I'm done with that carton, I'm not buying again. The economy is making people cut costs by all means and purchase power has reduced. The greedy distributors and wholesalers should keep increasing prices of items, na them go lose last last.

Bluearrow:
Don't mind them
Subsidy is the only thing an average man enjoy from govt. Without subsidy, politicians will still end up looting the money.

shiki:
the cost of protection is too high that the consumers can't bear the load

Mandate2023:
When u r not making sales and u r still increasing price that's d result

Johnjustice:
The thing is FG shares the excess saved from subsidy to governors and it ends in their pockets, with nothing to show, why not allow subsidy, so Nigerians buy cheap fuel to mobilize the informal sector, and Nigerians save more, for future investment, when they spend less on necessities...they also have extra to demand other goods and services, this stimulates economy.

Bluearrow:
They are not greedy!
Blame your govt for making thoughtless policies that is ruining the economy. If the indomie manufacturer doesn't increase his price, how do u want him to restock & purchase rice & drugs that is going up? It's a ripple effect thingy. So long some products are being increased, every other will increase. The blames starts from the govt for carelessly removing subsidy & floating d naira without providing an enabling ground to cushion the negative effects, leaving manufacturers at the mercy of increase.

dominique:
The inflation is no longer at par with the exchange rate. Prices of goods should no longer be increasing geometrically the way it is right now. Naira is starting to hold it's own against the dollar, suddenly a carton of indomie spiked from 8,500 to 10k, bag of rice went from 70k to 85k within the space of a couple of days. Exchange rate, subsidy removal or floating of the naira has nothing to do with this. The manufacturers and middlemen must be called to order

SouthSouth1914:
Have you heard of production costs? Reoccur-rent expenditures? Stop commenting on topics if you don’t understand simple stuffs.

How can a company sell below production costs and run at loss? Will you do it?

ajimo54:
Eat your goods nah as you skyrocket prices of locally made products! Why are you shouting? In fact, na indomie and spaghetti I want their prices to crash! You see Trophy, if u like make am 5k per bottle a dey buy am drink daily!

Och77:
They thought they were doing Peter Obi, not knowing they were doing themselves.

Lalami3232:
It's so so sad!!! The situation of the country is really really horrible at the moment, but that won't stop politicians from stealing from all corners. The only thing that can help you now is to learn a good and high paying skill, so you can freelance. I will suggest programming but feel free to explore other options sha.
Before I take my leave, make I advise my fellow men nationwide.


Which programmming can I go for

Oga if you no meet your wife as a virgin, oga go for DNA test oooooo because boreholes aka non-virgins can't be trusted

Streetdoctor:
Best ting that has ever happened to Nigerians should be Tinubu. Bcs d mandate is still fresh

odenkirk:
e go reach ur side and u will lament like the rest of us

Omooba77:
https://www.vanguardngr.com/2024/02/job-losses-factory-closures-loom-as-unsold-goods-pile-up-man/

Melagros:
COMRADES, the article says; unsold goods pile up. This means that we're suffering in the midst of plenty and this implies that we are the cause of our problems

“The development is as a result of the devastating effects of the exchange rate crisis, inflation, fake and sub-standard goods, smuggling and other macro-economics challenges.

“These had put many manufacturers in a great dilemma in the current year as they are applying brakes on production by watching keenly events in the country to know if there would be improvement in sales in order to create space for fresh production for the year.”

BABAawoo47:
You want him to run at loss? Farmers will just rather stop producing the eggs. And you'll be back to 1980

nedekid:
Exactly!
There is no factory that can produce at the current cost of production. No business can run! Aside import of raw material cost. The major cost is power generation. How can diesel be 1600, ₦1800 per liter for God's sake? Is is that these people in government do not realize generators, trucking uses diesel? If small scale businesses eg hotels, factories, schools are spending 300-400k on diesel daily, how much is there revenue, not to talk of profit?
Let me put in on context, those small 30liters keg of diesel cost ₦48,000!
If a large hotel or factory runs just 1 unit of 1000kva generator, it cost ₦266,000 to run that generator for just 1hr. If it runs for 20hrs in a day ie ₦5,760,000 daily! What will they produce that anyone can buy for goodness sake?
Anyway, Emilokan and his cohorts have never ran any know business before, all they did was tax in Lagos and got wealthy, hence the saying wealth without enterprise.

Nokio2:
Balablu committee is coming to force u to sell those goods...
Cardoso economics practical handout

Mandate2023:
When u r not making sales and u r still increasing price that's d result