₦airaland Forum

zikter:
We have so many Chinese companies in Nigeria and I don't know which consumer products that are cheap. The Chinese cement factory will not run at a loss. No cause for jubilation here. After all we had these companies existing along side Dangote cement. Bua made a lot of noise about his cement price reduction but discovered he will be doing charity rather than business given the current economic situation of the country. He retracted immediately. The Chinese should stop making noise

Phone they sold for as high as 500k and Chinese produced same phone and be selling for 80k. You don’t know Chinese though. Don’t worry you will see the magic.

Plastic cement

Good. Proce will drop drastically.

Can China also invest in oil refinery in Nigeria?

That's really one of the beauties of competitive market. Anything that's capable of crashing the prices of the close substitute and making supplies of cement more than the demands.

criuze:
Dangote should prolly be in the court by now challenging this

Why?

promami:
I'm only imagining how traders and artisans would be pronouncing the name 😂

"WhaShin" is how it's pronounced

promami:
I'm only imagining how traders and artisans would be pronouncing the name 😂

very easy, they call it Samson, is trust yoruba bricklayers

sweetjohn:
Phone they sold for as high as 500k and Chinese produced same phone and be selling for 80k. You don’t know Chinese though. Don’t worry you will see the magic.

I don't agree with you on the phone example. Are those phones manufactured in Nigeria? No, they are manufactured in China where production factors are not same as in Nigeria. Again, with the phone, what is their quality compared with the others that are costly? That is by the way. If you want to give an example, please do with a product manufactured by the Chinese in Nigeria at the moment of our economy, that is actually cheap

Paraman:
They can only challenge Dangote if they increase production

You should know by now that China is the king in the world when it comes to large scale production.

IyfeNamikaze:
"WhaShin" is how it's pronounced

😂 😂 😂

Dangote would start plotting their downfall immediately. He doesn't take lightly to competition.

mytime24:
Hope is'nt going b substandard

The Chinese are now building and making stuffs that tower heads and shoulders above what the western world are building.
They only bring substandard stuffs down here cos that's what we can afford.
China is now well ahead of most of the western countries maybe except for the United States when it comes to technology.

LeeSantos:
They haven’t even stared yet. And they want to challenge

blame the person that posted the news

justmondris:
You should know by now that China is the king in the world when it comes to large scale production.

Let's hope they are willing to invest in expanding

Good move. Let there be competition

gigabyte13:
If we operate an open market economy and a real competitive one at that in Nigeria, will Dangote still be the richest Man..........??
I doubt that 100%
Dangote is just a beneficiary of government patronage and romance.

Your ignorance on this issue top-notch, because the richest people are the largest shareholders of a public liability company qouted on the stock market.

Bimpe29:
That's really one of the beauties of competitive market. Anything that's capable of crashing the prices of the close substitute and making supplies of cement more than the demands.

When you are done deceiving, the cheapest will be 100k

Gboss247:
When you are done deceiving, the cheapest will be 100k

We are in it together. However, why I can't be bothered by your despondency is in the fact that man is not God. With God everything is possible.

Bimpe29:
We are in it together. However, why I can't be bothered by your despondency is in the fact that man is not God. With God everything is possible.

Keep playing religion, bad governance bad governance is the reality you live in.

Bimpe29:
We are in it together. However, why I can't be bothered by your despondency is in the fact that man is not God. With God everything is possible.

Stop playing religious because you will reap whatever you sow. The the next election comes, still vote Tinubu.