₦airaland Forum

Replacement with Semi-Trusted technology

K

Firms that use cheaper labour and cut corners.

Akenzua01:
Cry cry BATeria, una go cry tire 🤣🤣🤣

🥱🥱🥱 good news pain am ..Sha no drink sniper 😹😹😹

Asian and Turkish firms are as corrupt as Naigerian FG and Tifnubu ofcourse, they would come to Naigeria where there are no regulations, health and safety rules, where they can bribe their way into everything, where they d pay no taxes and pay Naigerian workers peanuts.


And some ignoramuses believes this is good news.

To the Asian supporters that are always blaming The west. Let us enjoy the chinko people small.
Working under asians are worst. Nothing come close working for a western firms in terms of staff welfare.
God bless the west

Sad! But Tinubu's followers are saying inflation is a global problem and Nigeria isn't an exception, that those companies can go for all they care. My question is, why are they advising tinubu to open the borders to allow food items into the country? Is Benin or Niger Republic not also feeling the global inflation? Why must we open our borders and allow food into the country if they're truly as badly affected as Nigeria? Why are Guinness leaving for another african country of Kenya and not back to Europe? Why are oil companies leaving for other African nations?

As unintelligent as Tinubu's followers are, they claim tax was chasing them away . Whereas, Nigeria doesn't even tax them as much as other countries do which was also why their products were so cheap here. Coke in Nigeria isn't same price in Europe, likewise Guinness malt. This I know wella.

The problem of Nigeria is Tinubu himself, since 2015. Buhari knew nothing about governance but he went and sponsored him. To make the matter worse, he went and floated the naira after announcing the subsidy removal...which reasonable and godfearing leader does that? He only ended up enriching a few with the policy at the expense of the 100s of millions of the masses, including his illiterate supporters. If you try and say the truth here, you suddenly become an omo ale or ibo. They're so tribalistic to the core. Our choices in life will either make or mar us.

jaxxy:
Firms that use cheaper labour and cut corners.

They are just as corrupt as Naigerian FG and firms if not more corrupt.

victory36:
Makes sense but long term inflation and naira devaluation is not sustainable in anyway. But the real problem is that there isn't enough production capacity to make good and impactful use of the naira devaluation in question plus ' irregular' government policies are making things even harder for the existing producers. Tinubu should focus on stability foremost before making any other plans. Japan devalued their currency to break into Western markets likewise Korea so Nigeria is tow that route if they are actually serious about diversification

we need to cut down on importation. Importing things we can make

Cmanforall:
Bad

Better to have Western firms than Turkish ones

Leave the idiots..... The great salary and welfare is not present in these Turkish and Indian firms..... Common health insurance dy hard them..... It's a pity and some idiots will come and praise this nonsense

Asians don't pay tax, instead they would prefer to bribe government officials.

I worked for Indians who liquidate and open new companies every year.

No letter of employment, low salaries and longer working hours to include Sundays.

Not Goodness News at all.

Asian and Turkish Employers are known for cutting corners, using cheap labour and bringing substandard goods.

helinues:
Any issue with that?

Those who are leaving don't have choice than to go because our policies are no longer favouring them.

Replacement dey, let those who want to exit Nigeria business wise should do, opportunity for others

How many Nigerians have lost their jobs in the past year? How many companies have folded up and how many are coming?
Let us be wise.
According to MAN, 767 manufacturers shut down last year alone. How many replaced them?
Be careful what you wish for because you might just get it.
When you say "let those who want to exit Nigeria business wise should do," it might just happen but replacement no dey. We don't have 767 new manufacturers to replace them.
Yes, we will replace a few but that's the best we can do.

Make baba Tinubu just sell this country to any interested buyer jor,
Mr dangote isn't a bad option

Replacing quality with fake, just like replace indigenous national anthem with colonial anthem.

One European company is better than 10 asian company, compare both in quality of service and workers welfare.

Okay better still why not make the environment a level play ground for all parties? Knowing it will increase all aspect of the economy.

They should sell it to Sri Lanka investors or Pakistan investor, those guys and cheap labour are 5 and 6. Imagine going to work and your boss says take of your shirt and head to the turbine room so you will pedal enough electricity for the day.

Hmm, just like saying people can't afford to fill gas to cook but the sale of firewood is booming.How the Bleep is that progress.Replacing western investors with asian and Turkish ones,APC government is leading us to where we no know.

Is there something they see coming which innocent Nigerians don't get yet?

Islie:
Bloomberg: Western Multinationals Fleeing Nigeria Being Replaced by Asian, Turkish Firms




https://www.thisdaylive.com/index.php/2024/06/19/bloomberg-western-multinationals-fleeing-nigeria-being-replaced-by-asian-turkish-firms/

DevilsEqual:
This vote of confidence in our economy is huge

They are believers like us
From here on, it can only get better

That's the dynamics of market forces. Funny enough we just might be alright eventually.

Keep the faith people

hmmm, but jubilee syringe that left Akwa Ibom is a Turkish company

dejavubobo1:
Asian companies are anti-welfare, corrupt, sub-standard and mediocre . They are typically suited to Nigerians and the government.
Regsrdless of how bad an economy is Asian companies go in and cart away huge profit.. your guess ?


The Europeans hardly cut-corners, they also don't tamper with starndards both in quality and labour welfare. If they do they know the implication can be severe. They are obviously not in the same Idle with the emilokan government.

I agree with you 100%, but truth is, it will be extremely difficult for any western company to survive and make profit in Nigeria currently due FX rate vagaries and poor consumption power of the citizens.

It will be like camel passing through the eye of the needle.

DevilsEqual:
This vote of confidence in our economy is huge

They are believers like us
From here on, it can only get better

people like you are the main problem! This is how you people praise buhari and 8solid years was wasted, destinies destroyed, now you people have started again every enemies of Nigerian prayers should be directed against people like you

DevilsEqual:
This vote of confidence in our economy is huge

They are believers like us
From here on, it can only get better

767 manufacturers shut down last year alone. How many new ones came?
Stop being a talking head for the failed government.
Yes, a few businesses would always set up shop but when more are shutting down than the number of those setting up shop, we have a problem.
There is nothing to celebrate. These are sad times for Nigeria.

propaganda.


wey reality clear for ground.

even the Turkish need a sane environment to operate a strategic or dedicated business, less or no bribe, clear social and business rules and not erratic policies, peaceful environment, educated populace, electricity, cheap but quality feeding and housing, etc.

DevilsEqual:
This vote of confidence in our economy is huge

They are believers like us
From here on, it can only get better

Yes I believe you!

Agberoconomics is moving despite NO defined direction

helinues:
Any issue with that?

Those who are leaving don't have choice than to go because our policies are no longer favouring them.

Replacement dey, let those who want to exit Nigeria business wise should do, opportunity for others

it will mak lot of sense if indigenous company take over this firms and we export to smaller countries within and outside africa. we too like onyibo and this ppl no give a rat shit about us once they cant get wat they want again they are off, so why try to keep them. how many nigerian major firm are operating in the US or europe. imagine innoson trying to assemble in the US them no go ever agree rather them wan dey operate here.

Greenfaces:
we need to cut down on importation. Importing things we can make

Good idea but our main problem isn't importation. Go to those fast-developing nations, they import almost everything. UAE has no land for crop farming, Egypt relies on Nile and Saudi has no vast land. Its desert. Wonder why these nations keep thriving? It's because of good governance and vibrant economic policies. Their leaders won't buy or propose to buy a new jet except its really needed..they'd not say they're buying yatch when the masses are suffering and dying of hunger. In those countries, those we worship as leaders here would have been long forgotten. You know what I mean. They're the problem of Nigeria.

Let me remind you of something, since 1960 , we've been known as an importing nation yet, our currency remained strong. My school principal in a sec school was a white man. Who wan japa dat time to go wash gutter inside cold?

Leadership and corruption are the main problems of Nigeria not importation. We should stop making this mistake. What does Benin Republic grow which made their cefa overtake naira? What of a small nation like Ghana, whose GDP has overtaken ours?

If the fed govt is serious, they should empower youths with soft loans to go into agriculture with close monitoring. We have the land but trust me, they'd never go that way cos they're not going to make anything out of it. They're so anti people.

SatoshiX:
Despite this detailed reports, some perpetual enemy of the country will still try to spin it to suit their negativity agenda.

you call this detailed?

Urchins who still live from hand to mouth have taken over the front page.


Yoruba government can never be bad in Yoruba man's eyes even though they can no longer feed as before...


Or maybe there is a discounted Yoruba market where they get things at a cheaper rate.


If it was during Jonathan time, Yoruba pastors and Professors would have protested that the government has pursued all the standard western companies, and now bringing Asian, and Arabic trash to impoverish and enslave the masses.


But because it is a yoruba man in power, Asians and Arabians are now the best things to happen to the Economy, the west is now trash.


Witchcraft is real...

The GMO that the americans dont like? Why bring them to nigeria? What pride will it take to import food?