₦airaland Forum

RealLordZeus:
Supporting local production is a great idea but the Nigerian factor remains
If there is heavy restrictions or a total ban on importation, the local Ankara we used to buy between 5k to 20k may go as high as 100k
The Rice saga is still fresh in mind

irepnaija4eva:
It's very simple band all fake textile importation .. If they refuse to sell the raw materials cheap to us, we then source the materials somewhere else.

Or am I Missing something?

omoredia:
How? As if we dont already know

mrvitalis:
No company has left Nigeria due to lack of electricity none... Not even one

ponziponzi:
Many companies have folded due to lack of electricity. They just put it as high cost of production. Heavy industries relies in cheap electricity without which they will be uncompetitive. It is one of the reason our manufacturing industry is in a state of comatose.

nerdjared:
you are not serious, do you know how much it cost to run a business on diesel.

RealLordZeus:
Supporting local production is a great idea but the Nigerian factor remains
If there is heavy restrictions or a total ban on importation, the local Ankara we used to buy between 5k to 20k may go as high as 100k
The Rice saga is still fresh in mind

zombieHUNTER:
Anything Tinubu touches


he kills

Textile industry is dead

RealLordZeus:
Supporting local production is a great idea but the Nigerian factor remains
If there is heavy restrictions or a total ban on importation, the local Ankara we used to buy between 5k to 20k may go as high as 100k
The Rice saga is still fresh in mind

mrvitalis:
There is no business u would mention that running diesels contribute more than 10% cost of production... I dare you to name one

OneOnland:
So if they name one, what would you do? "I dare you to name one", yen yen yen.

I personally know of a radio station, their cost of diesel was more than 30% their running costs. As at 2023, would buy ~#230,000 worth of diesel per day.

Their expenses: diesel, salaries, tiny stationeries cost, membership subscriptions, audit and legal fees.

Diesel effectively was more than 30% of their expenses.

The way you talked, "I dare you to name one" reeks of a very ignorant yet confidently arrogant person. Did you stop school at primary 6?

Please, do not respond to this. I only mentioned your post as well for public posting as this is a public forum.

mrvitalis:
Textile is gone we would never get back, for me we never really had any advantage from the start it only survived because of primitive protectionist economic policy and thats what killed it too

Today in other to protect a Dead textil industry that would never be competitive we are killing a potential 100 billion dollars per year garment industry.. Making same mistake again

In 50years or more we would then remember the garment industries

grandstar:
A zero percent import tariff on textile fabrics is the answer.

SeaTrade:
SMUGGLING!!Can kill any industry overnight.
And you can't produce cheaper than China locally for a host of reasons:
1)Cheap,accessible credit. (No news here,you can't borrow at 35% and want to compete with who is borrowing at single digits.Only drug dealers can borrow in Nigeria and not default)
2)Large Skilled human capita(No need to emphasise this much,a bunch of Nigerian labourers are poorly skilled,low work ethic and overall stupid)
3)Infrastructure deficit(movement/tonne cheaper in China than Nigeria)
4)Diverse economy(Chinese corporations will get the bulk of their production components within and import so little or nothing).

The only option to keep our local textile industry alive is to create protectionist policies,however smugglers will crack it and make it useless and even corrupt the same people the are to enforce your protectionist agenda.
Industry goes belly up,
Nigerians remain in poverty and mass flee the country,
Enter Europe and America and pack shit(few will make it out of shit and warehouse sha,but can't say so for everyone)

zombieHUNTER:
A village where China is 100 years ahead of Nigeria because of bad leaders like Tinubu

Image123:
China is simply cheaper, no competition. They have the numbers. Mass production, cheap energy, technical knowhow, resources, organized cheap Asian labour.

ponziponzi:
Many companies have folded due to lack of electricity. They just put it as high cost of production. Heavy industries relies in cheap electricity without which they will be uncompetitive. It is one of the reason our manufacturing industry is in a state of comatose.

emmaodet:


You get bad mouth bro

obyno82:
Shebi rice was banned and what happened? Did the people not suffer? Protectioniast polices encourage smuggling and impoverishes the people.

Image123:
interesting. Production is not mouth or noise. Why would i build a factory to produce spoons at 200naira or reinvent the wheel when i can instead get money to buy it from China for 50naira? Is that not a curse in 2025? This is not 1860 or 17th century. The US has the numbers but it's simple economic sense for them to make their clothes and electronics from Asia.

Gboss247:
So Nigerians are suffering because rice was banned not because they voted in a clueless ex- military officer due to religion and tribalism

nairalanda1:
For once, am.not going to blame tinubu, because this issue has been around since for over 3-4 decades, and got worse in 2009 when we lost the ability to produce a component needed for textiles.

The honest thing is that china has a production capacity that we cannot beat

Heck, even america relies on the Chinese now to produce a lot of their stuff.

Gboss247:
Can you mentioned the Chinese products that are cheaper than Nigerian made?

Gboss247:
What is the minimum wage in Nigeria compared to China?

obyno82:
No you are missing what I am trying to say. Definitely the leader was clueless and it is unfortunate that Nigerians due to religion and tribalism voted him in. I was trying to state that banning rice importation without a plan on local capacity encouraged smuggling and make the price tank in the market.

Image123:
The question should actually be if we actually make anything exportable that can compete with China in the market.

mrvitalis:
Textile is gone we would never get back, for me we never really had any advantage from the start it only survived because of primitive protectionist economic policy and thats what killed it too

Today in other to protect a Dead textil industry that would never be competitive we are killing a potential 100 billion dollars per year garment industry.. Making same mistake again

In 50years or more we would then remember the garment industries

mrvitalis:
For me 0 percentage import duty on fabric.. Zero net import duty no vat nothing

Zero percent import duty on garment factory equipments

Tax benefits to banks that give 50% loans to real sectors such as garment factory

2 trillion grants to garment factory or cooperative of tailors minimum of 50 to 500 to set up garment factory 2 billion to 50 billion zero interest loans to pay back after 10 years

300% import duty on finished clothing

Gboss247:
Are you aware that naira been a weak makes Nigeria products one of the cheapest globally?

SIRTee15:
And U actually think U can compete with china when it comes to garment industry.
Will your finished products be cheaper than Chinese garments that will be snuggled if they are banned?