Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive - Business (3)

Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive (19386 Views)

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Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by chatinent: 2:06am On Apr 15, 2025

To be sincere, no one is cheap.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Lifestone(m): 2:58am On Apr 15, 2025

festacman:
Going beyond the misleading headline and actually reading this article, it becomes obvious that this piece of poor PR is about how current FG's policies are "a total reshaping of how Nigerians CONSUME, SURVIVE, and ADAPT." It is unfortunate because that's recipe for hardship and not prosperity.

On the contrary, government polies should be deliberate effort to reshape how Nigerians PRODUCE, INNOVATE, CONSUME and PROSPER. Sadly, two years after inauguration, there is still no economic road map on the table. No programes and incentive package to encourage local production. Ministers of Trade and Investment, Agriculture, Blue Economy etc. seem to be sleeping.

God help Nigeria. We have a long way to go with this government.

You didn't tell us how better a government should do it. Only criticism.
I'm not a fan of PBAT, but I like his reforms which I have for years suggested.
A leader must be able to take tough decisions, he did.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Lifestone(m): 3:04am On Apr 15, 2025

Scumberger:
Your dad didn't achieve anything and your on the same part, if obi had advised his zombies to patronize made in Nigeria you will be here celebrating calling him ur president but now it's not making sense to you

Obi is the Chief Importer. I wonder why he hasn't began local production of those products brand that he's still importing todate

2 Likes

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Ilekokonit: 3:04am On Apr 15, 2025

helinues:
Buying second hand bra, pant, boxers. Hahaha we have been stooping for long

Some people no dey fear for their lives. What if they caught a deadly STD from wearing second hand pant wey dem no know if na HIV kill the former owner huh

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by anonimi: 3:07am On Apr 15, 2025

AmazingGenius:
Nigerians shift to made-in-Nigeria products as imported items become too expensive.

“Exactly. It’s not theoretical anymore,” Oler concluded. “People feel it every day. And that’s the real story behind all these reforms and market movements — a total reshaping of how Nigerians consume, survive, and adapt.”

Another in the series of meaningless stories about ebilokan reforms as we get closer to his half term record review.

What is he doing in France now instead of consuming local care for his ailments? Moreover, why is he still borrowing money and unable to improve the strength of our currency as he promised if this local consumption story is true? Why is unemployment still so bad?

ManirBK:
Aug 28, 2023
The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/

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Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Fujiyama: 3:08am On Apr 15, 2025

festacman:
God help Nigeria. We have a long way to go with this government.

^^^

As they say: good morning.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Fujiyama: 3:14am On Apr 15, 2025

Lifestone:
I'm not a fan of PBAT, but I like his reforms which I have for years suggested.
A leader must be able to take tough decisions, he did.

^^^
No.

He isn't some bold, visionary reformer.

He is a hardcore prebendalist (if such a word exists) - and you can see the results around you.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by zeyt: 3:33am On Apr 15, 2025

Blame Tunibu. How could a you devalue currency of an import dependent economy and at the same time remove fuel subsidy 100 percent. This is perfect disaster for the masses. We import almost everything an yet Tunibu devalued Naira and further decreasing our purchasing power wiping out middle class in the process.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by jamafa: 3:42am On Apr 15, 2025

yinkus6750:
Tho it's a good idea. Will reduce pressure on forex. But let the Naija made products be of good quality.

Good quality and affordable please

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Laird(m): 3:57am On Apr 15, 2025

First of all,

-Long term low interest business capital is not ealily available in Nigeria to most people unlike in other countries

Besides high energy costs

Poor business skills of a lot of Nigerians with focus on low quality goods at marked up or evn nasic prices but no customer retention or referal value

- Mutiple taxes

- High bank loan borrowing cost and reduced access to bamk loans foe business expansiom for most people

-Poor Business training systems like customer service, customer retention, quality monitoring, price balancing, product durability

1 Like

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Lifestone(m): 4:04am On Apr 15, 2025

Fujiyama:
^^^
No.

He isn't some bold, visionary reformer.

He is a hardcore prebendalist (if such a word exists) - and you can see the results around you.

I shared a different perspective with you. My only major disagreement with Tinubu is the size of government. PBAT and the Governors should reduce cost of government and pass more of the benefits of the reforms to the people.
Of course government would have collapsed without those reforms. I have argued for these changes since Yaradua as President (he sent Nigeria backward during his short tenor).

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by merits(m): 4:08am On Apr 15, 2025

DenreleDave:

Guys pls I need a standing fan

Budget is 10k

Lagos

you never ready although you can consult those Aboki selling used household items.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by merits(m): 4:12am On Apr 15, 2025

DeLaRue:
Great.

Buying locally produced goods will encourage more people to set up businesses producing more local versions as imports become too expensive
for most people. This will lead to more job creation.

That is moving the economy 'from consumption to production'. Mr Obi's mantra during the last election. Mr Tinubu's government is delivering exactly that.

But people don't want to give the government credit for changing the economy in the right direction.

Most people just want cheaper forex so that imports become more affordable for them, even if it means the government is borrowing more and more dollars, and piling on multi generational debt for the country.

Why on earth should we, for example, be importing cornflakes when there are companies producing it here.

I have asked on this platform several times for people to mention any government since Nigeria got independence 65 years ago that has done more positive economic reform in less that 2 years than the current government. No one has been able to mention such government.

Hands down, this is the most reformist government we have had. Yet people want another President in 2 years to unravel everything and take the country back to ineptitude.

Unbelievable.

Exactly my thoughts but people are blur to see that all they do is to wail every time.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Emvicprints1: 4:29am On Apr 15, 2025

EDGEof2MORO:
they are still made in China

the crime committed in Ajaokuta steel complex will never be forgiven by anyone who knows what really happened

gist us na.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by RichBoy247: 5:00am On Apr 15, 2025

Gbadugbakun:
Ronu miscreants would call this an achievement.

If you don’t go and concentrate on your life, you will end up homeless in the streets

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Jimmy231: 5:13am On Apr 15, 2025

helinues:
Na different ways to receive the missing senses

The Okrika, we have tailors that sew native, they can also seq the casual wears

Adidas, Nike, we have coblars, they can do better than that if government intervene

Buying second hand bra, pant, boxers. Hahaha They play. You just mention Nike. Abah we have been stooping for long

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by nedekid: 5:26am On Apr 15, 2025

Gbadugbakun:
Ronu miscreants would call this an achievement.

Like the idiot up there, the first to comment.
Celebrating the poverty.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by drehdinho(m): 5:49am On Apr 15, 2025

festacman:
Going beyond the misleading headline and actually reading this article, it becomes obvious that this piece of poor PR is about how current FG's policies are "a total reshaping of how Nigerians CONSUME, SURVIVE, and ADAPT." It is unfortunate because that's recipe for hardship and not prosperity.

On the contrary, government polies should be deliberate effort to reshape how Nigerians PRODUCE, INNOVATE, CONSUME and PROSPER. Sadly, two years after inauguration, there is still no economic road map on the table. No programes and incentive package to encourage local production. Ministers of Trade and Investment, Agriculture, Blue Economy etc. seem to be sleeping.

God help Nigeria. We have a long way to go with this government.

Good points made right there. You took the words out of my mouth sir.

Nigerian economy operates on extractive institution and this is evident from the analysis of the post. Always extracting from the masses you’re meant to offer more and more social benefits.

In 2024, Tinubus economic reform were:
1. Removal of fuel subsidy
2. Tax reformation
3. Unification of exchange rate , and
4. Establishment of Nigerian Consumer Credit Corporation (CreditCorp).

The question we need to ask ourselves is did any of these economic reform made any meaningful impact on the quality of life of an average Nigerian citizen?

We can keep deceiving ourself showing to the public macroeconomic stats and score cards of how much our foreign reserve has improved, but what stands as economic indicator impact are the feedbacks we get from common Nigerian streets in Lagos, Ekiti, Osun, Ogun, Abia , Porhacourt, Katsina, Benue, Markurdi , Rivers , Bayelsa , Kogi , etc.

None of Tinubus reformation was tailored to processing our raw materials to create employment for the teeming youth population. Chemical engineering graduates , industrial design graduates, bio chemistry graduates, political science graduates etc have no place to work as there are no critical value chains ; the system have turned all of them to bike riders , Uber and Keke Napeb drivers finish, and yet they are claiming to be reforming the economy.

Nigeria is still very much resource dependent and that has always been our major economic problem. When you package all your raw materials as a nation to other countries without granular refining in your country before exporting , you’re not only killing intellectual capitals but also undermining the interest of the masses.

The current economy system we operate only favours the few elites.

Tinubu left out the major and settled for the minor yet some people are seating somewhere analysing mediocrity.

We truly really have a long way to go. I hope one day a military coup is staged to make comprehensive and foundational transformation to building a robust economy architecture with sound economic governance that embraces an all inclusive institution.

Sad

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Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by nairalanda1(m): 5:58am On Apr 15, 2025

Gbadugbakun:
Ronu miscreants would call this an achievement.

I know they be miscreants...but isn't it good Nigerians are using Nigeria made more...or you want us to keep sending scarce dollars abroad to buy trinkets?

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by nairalanda1(m): 5:59am On Apr 15, 2025

festacman:
Going beyond the misleading headline and actually reading this article, it becomes obvious that this piece of poor PR is about how current FG's policies are "a total reshaping of how Nigerians CONSUME, SURVIVE, and ADAPT." It is unfortunate because that's recipe for hardship and not prosperity.

On the contrary, government polies should be deliberate effort to reshape how Nigerians PRODUCE, INNOVATE, CONSUME and PROSPER. Sadly, two years after inauguration, there is still no economic road map on the table. No programes and incentive package to encourage local production. Ministers of Trade and Investment, Agriculture, Blue Economy etc. seem to be sleeping.

God help Nigeria. We have a long way to go with this government.

EXCELLENTO. Nothing more to add.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by geoworldedu: 6:04am On Apr 15, 2025

DeLaRue:
Great.

Buying locally produced goods will encourage more people to set up businesses producing more local versions as imports become too expensive
for most people. This will lead to more job creation.

That is moving the economy 'from consumption to production'. Mr Obi's mantra during the last election. Mr Tinubu's government is delivering exactly that.

But people don't want to give the government credit for changing the economy in the right direction.

Most people just want cheaper forex so that imports become more affordable for them, even if it means the government is borrowing more and more dollars, and piling on multi generational debt for the country.

Why on earth should we, for example, be importing cornflakes when there are companies producing it here.

I have asked on this platform several times for people to mention any government since Nigeria got independence 65 years ago that has done more positive economic reform in less that 2 years than the current government. No one has been able to mention such government.

Hands down, this is the most reformist government we have had. Yet people want another President in 2 years to unravel everything and take the country back to ineptitude.

Unbelievable.

Hunger policies. Nothing has changed and nothing will change in the next six years. It will soon clear off your eyes grin

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Teymanhenry(f): 6:05am On Apr 15, 2025

The unfortunate thing there is that the locally produced commodities are sold at almost the same price as the foreign ones. Where is the Love

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by kaywhy09(m): 6:11am On Apr 15, 2025

What exactly is made in Nigeria Now?

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Fuckyoumod: 6:33am On Apr 15, 2025

yinkus6750:
Tho it's a good idea. Will reduce pressure on forex. But let the Naija made products be of good quality.

who told you that okrika importers are the ones putting pressure on naira?

Nigerians are daft! Importers are not the ones pressurizing forex. Politicians and corruption are the culprits Incase you don't know.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Fujiyama: 6:34am On Apr 15, 2025

Lifestone:
I shared a different perspective with you. My only major disagreement with Tinubu is the size of government. PBAT and the Governors should reduce cost of government and pass more of the benefits of the reforms to the people.

^^^
They 'should' but will they? undecided

These so called reforms have become an oxymoron. If indeed the reformer was genuine and sincere, what you describe (about scaling down government) should have been part of the deal from the very beginning. Instead, we have ended up with some perverse Robin Hood economy that taxes (and robs) the poor to subsidize the rich. undecided

He removed fuel subsidy and 'unified' exchange rates without any thought about the sequencing of these policies...or implementing other complementary policies that were crucial for success. The result? Chronic inflation that has destroyed homes, families and livelihoods of the most poor and vulnerable - while the wealthy and connected remain insulated from it all. Two years in and we have a full fledged rice handout and palliative economy. So what exactly has been achieved? undecided

Lifestone:
Of course government would have collapsed without those reforms. I have argued for these changes since Yaradua as President (he sent Nigeria backward during his short tenor).

^^^
You have a point about the economy being in crisis when BAT took over from his 'friend' and 'brother' whom he assisted into power and supported for 8 long, terrible years. But should Nigerians pay the price for Buhari's and BAT's mismanagement? undecided

BAT is the perfect example of he who gives with his left and takes with his right. First of all, the so called reforms will always be in doubt because the BAT administration was still paying subsidy up until 2024, despite constant denials. The administration took loans (between 2023 and 2024) that have currency defence expressly stated as one of the uses of those loans. So where are the 'reforms'?

Instead of taking on the vested interests that have held this country by the throat, BAT chose the easy way out. Its far easier to 'remove' fuel subsidy than take on petrol import mafias. It is far easier to remove fuel subsidy than to investigate why NNPC has remained a drain on the public purse for over half a century. We could go on and on.

Selective reform is no reform.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by tunapawizzy: 6:38am On Apr 15, 2025

Nigerians should be thanking the people that made things more expensive, because it has forced them to use their brains, and start using stuff produced in Nigeria.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Baxilexi(m): 6:38am On Apr 15, 2025

Variety they say is the spice of life…

You take away people’s options, kill our purchasing power parity, a basket of food is beyond the reach of the minimum wager.

The folly is the belief that locally produced items are cheaper, but only those who have ventured into local production can tell you the realities. It is oftentimes more expensive. And when indeed it gets cheaper, there’s a trade off between cost and quality.

A non-industrialized nation can never compete price wise with industrialized nations.

Personal example; way back 2010, I got shirts from mandilas Giantort, Gant, TM lewin, they ranged from 6k to 12k. I asked a local tailor to make something similar and he charged me 18k.
Quality is always the tradeoff.

Lastly, I’ve noticed that children from poverty believe that everyone should align with their poverty economics, the presidency inclusive. Well no, some parents paid their dues to avail their wards a better life and Nigeria has failed them and eroded their purchasing power.
They should keep on speaking to power and not be intimidated or succumb to the economics of poverty.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by uuzba(m): 6:40am On Apr 15, 2025

Emvicprints1:
gist us na.

Ajaokuta steel plant would manufacture steel for us. And that would mean instantly rejecting all foreign steel.
Oyibo people saw that it will spoil their business and convinced corrupt bastard people to NEVER allow the plant work.
So those people just took contract money from government, and purposely continued doing nonsense while eating the money. Now, 40+ years lwtet, the plant is still not working

https://www.youtube.com/watch?v=Rew1Eo9XMj4?si=zrJmjWy4yafkUvNt

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by Checkwell: 6:46am On Apr 15, 2025

helinues:
Na different ways to receive the missing senses

The Okrika, we have tailors that sew native, they can also sew the casual wears

Adidas, Nike, we have coblars, they can do better than that if government intervene

Buying second hand bra, pant, boxers. Hahaha we have been stooping for long

But you would save for years just to buy a second hand car and brag about it. Why not buy brand new one? You are opening your mouth to yab second hand items. You think what we produce in Nigeria here has quality? Is our Standards Organization of Nigeria working to make sure local goods are standardised?

I think you lack common sense.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by tete7000(m): 6:51am On Apr 15, 2025

When the president is in France on medical tourism, I hear.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by ceejayluv(m): 6:53am On Apr 15, 2025

yinkus6750:
Tho it's a good idea. Will reduce pressure on forex. But let the Naija made products be of good quality.

If only the environment was conducive for manufacturing.

Re: Nigerians Shift To Made-In-Nigeria Product As Imported Item Become Too Expensive by ceejayluv(m): 6:55am On Apr 15, 2025

shortgun:
Nonsense
Most baby economics will think that importation is not good for an economy but in reality the volume of international trade and exchange between nationals boosts the economy.
If every other countries stick only to their local produce who will buy Nigerias crude

We go drink am...

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