₦airaland Forum

IyfeNamikaze:
if they're selling cheaper than the indigenous people, the people will benefit on the short term but will suffer job losses, inability to enter the market, wealth building on the long term, the economy as a whole will not benefit anything whatsoever both on the short and long term.

Why do you think that America doesn't allow other EVs companies to set up retail shops in America despite that they sell at a lower rate than Tesla and other auto mobile companies? Why is it that apple are having a monopoly on US markets despite the fact that Huawei, Xiaomi, oppo etc have comparable products and at a cheaper price than the iPhone? Why do you think EU have a market protection laws within the countries in EU?

IyfeNamikaze:
They are not producing yes, but your perspective is the wrong one here. When the locals are dominating the market, selling at a higher price and making more money, where does that wealth go? Does it not still circulate back into the economy thereby growing it? When you knock out that avenue of IGR the economy will be the one to suffer it. Tomorrow now you will be saying Lagos is topping in IGR and here you are encouraging moves that will dwindle that IGR due to sentiments, cutting your nose to spite your face.

The Chinese send their wealth back to their country, they don't spend it here which is why no serious country allows this sort of practice within their borders, not even the Chinese government would allow it without imposing heavy taxes on the foreign retailer

IyfeNamikaze:
if they're selling cheaper than the indigenous people, the people will benefit on the short term but will suffer job losses, inability to enter the market, wealth building on the long term, the economy as a whole will not benefit anything whatsoever both on the short and long term.

Why do you think that America doesn't allow other EVs companies to set up retail shops in America despite that they sell at a lower rate than Tesla and other auto mobile companies? Why is it that apple are having a monopoly on US markets despite the fact that Huawei, Xiaomi, oppo etc have comparable products and at a cheaper price than the iPhone? Why do you think EU have a market protection laws within the countries in EU?

FSBoperator:
Ibos make it a point not to patronise non Ibo businesses.

Why should we all support your useless protest against the Chinese doing lawful business in Lagos ?

FSBoperator:
If you were producing these goods here under your brand name , we will support you and also offer protectionist policies to ensure you are still in business.

But you don't produce shishi .

And if you go back in history you will see that it was Alex Ekwenme as head of Shagari's economic team that liberalised imports that benefited his people at the detriment of local industries.

Now that we are import dependent because of Ekwenme's economic policies that targeted SW industrial base why should I pay more for same imported goods made in china when I can patronise a Chinese retailer selling far cheaper ?

Oga, go and secure land in your village so you can start farming.

higgs:
You are full of hatred.Igbos buy Dangote cement, Dangote is not Igbo.FirstBank,GTB etc are mostly owned by Yorubas yet millions of Igbos own accounts in those banks.ETC Get a life,find something useful to do with your life and purge your heart of the evil and hatred it is full of,it is unhealthy for you.

IyfeNamikaze:
Of course, the only thing that runs through your head is ethnic bigotry and tribal sentiments

Mynd44:
And we insult the South Africans

Kalulu44:
I was responding to Madridguy who brought in Alaba market into it and even mention my brothers in Ghana.
So I'm not the one who deviated from the original argument.
.
And to the original argument, you guys still haven't admitted the Chinese are wrong for bringing goods to the domain of their own distributors/wholesalers and sale to to retailers at company's price.
How are the distributors going to sell theirs? Same price as they bought from the company. Is that gain or loss

tollyboy5:
It’s the same thing. You’re not just thinking it straight.
Chinese sell a product for 100#. Nigeria marketers buy and sells for 250#.
The person that loses here is the customers.
We’re just collecting money from Mr A and giving it to Mr B in the same country.
Chinese will always get their 100# manufacturer price.
Now the Chinese came and start selling at 180# as a retailer. They live here with us and send 100# back to china.
The end users are happy, Chinese manufacturers are happy with positive feedback, and their sales rep enjoying 80# spends the money in our economy because they live with us like the Lebanese also.

IyfeNamikaze:
Chinese textiles oversaturated the market, knocking out the local market.

Kalulu44:
Sometime make una dey reason things well before una post.
For example, you get factory wey dey produce bottle water. I dey come buy from you wholesale to go resale at retail price at my area or unit.
Then you the manufacturer come still carry the product come my domain come dey sell at your wholesale price to my retailers. How do you want me to feel?
.
I stay in Igbesa Ogun state just close to the Chinese free trade zone that have over 200 Chinese companies producing different types of comodities, and hundreds of trucks and trailers go out from the zone everyday to go supply their various clients and customers which includes the trade Fair market dealers.
Isn't that ought to be enough for them Chinese, why bring the goods down yourself to this traders domain and start selling at wholesale price.
How do you want the other traders buying from your factory to make their money and come buy from you.

Benedict44:
The Chinese setting up warehouse in Nigeria should be condemned by everybody that understands economics.

Instead of them to set up factories to produce the goods here, they are setting up warehouse, which will invariably kill the local economy.

As a buyer, it looks good but if you look at it in the long term, it is very bad. It is not just about igbos. Every tribe has retailers that buys goods overseas and sell in Nigeria. What happens when those people can't compete?
What happens to your brother/sister working in those retail shops? It will affect everyone.

In fact, if you observe our economy, you will notice that since we tilted towards China and abandoned the USA, that is when things began to get worse because Chinese don't build factories unlike USA. They prefer to produce in China and sell in Nigeria.

USA companies will prefer to set up factories in Nigeria due to cheap labour but Chinese will prefer to manufacture in China and sell in Nigeria. We complain of unemployment but fail to understand these things.

Instead of warehouse, let them build factories here, produce it here and sell it cheaper. Everybody wins.

Cyberterror:
They are strangers in Yoruba land protesting against other strangers doing their legitimate businesses in Yoruba land. Which kind of greed is this?

Mynd44:
And we insult the South Africans

ARISHEM:
You are been xenophobic. Lagos state and Yoruba people are not attributed to xenophobia that is why they are not complaining.

FSBoperator:
You are asking us to chase Chinese so you can continue exploiting us in selling same made in China goods.

Abeg shift.

Go and secure land in your village to start farming now .

Don't say I didn't warn you .

flokii:
If anyone should leave Lagos markets, it's those wicked traders inflating prices of goods, selling fake and adulterated products in Lagos.

I'm very disappointed with the LASG with how they allowed these non-indigenes flood Lagos market with bad products harming the health and economy of the State and Nigeria at large. That was same way they were running piracy syndicates all over Idumota back then, yet our people turned blind eye to the destruction they were causing to our movie industry.

Yorubas must wake up now and act.. when exactly will enough be enough?

erniok:
why do you think the Nigerian textile business collapsed.

Spybradd:
You can't be the manufacturer and again go to another mans country and take advantage and be retailing in petty trades of same foods and items with local citizens of that country!

And it's horrible that you people are not seeing the protesters here as Nigerians but as "Igbo people!"

Everyone knows your standpoint,where you're coming from as regards the tribe and people protesting and I am saying it to you that you are a mod here and a big disappointment!
Seun this is very disappointing.

You can go ahead and ban me

Inosky:
You think Chinese business men/women love you more, until they destroy the Nigerian SMEs business and go back to their country while you and your people remain poor. Think why Europe is trying to regulate their cheap electric cars in European markets over their own. Every reasonable government will try to protect their own, and homegrown products. Just like Dangote said: it's only Africans that develop Africa. If a Nigerian make money he uses it to develop Nigeria, same can't be said of Chinese in Nigeria. There should be higher taxes for foreigners doing retail business in Nigeria, that's if Government not banning them completely, to protect Nigeria Small Scale Businesses. Think!

PulaPower:
It’s called economics in business world..

People Dey sell cement beside dangote cement company

People Dey sell drinks beside drinks company

People Dey do pos near bank

But wait o, if the report be say Chinese are leaving Nigeria cuz business isn’t favoring, Wetin you go dey talk by now? 🤣

Maah still dey read comments dey go..

Kalulu44:
After reading majority comments, I just can't help but shake my head.
This tribalism thing has really eating deep into our fabrics especially from Igbo and Yorubas.
Anything that will bring one tribe down is giving joy to the other tribe vice versa.
Honestly as an Igbo man born and brought up in the West. I hardly put mouth into this two tribes matters.
Cus I have good and jolly good friends from both sides of the divides.
.
Now to this Chinese issue, one tribe is happy that the Chinese wants to deprive the other tribe from making money and feel the Chinese are right with what they're doing. But I disagree.
I live in Igbesa Ogun state close to the Chinese free trade zone that has over 200 companies inside the zone producing different types of products you can think of that human beings uses.
Everyday, we watch over 100 trucks and trailers carrying goods to go supply customers outside the state which includes this trade Fair traders.
The Chinese are supplying this traders at wholesale prices, and this traders will still pay transportation to bring the goods to them.
With this, they have certain amount they'll sell the goods to retailers.
Then you as the Chinese companies supplying this traders now decided to bring the goods yourself to their domain and sell at your company's price against the traders retail price.
How does this make sense?
Pls guys let's leave tribal sentiment at times and think about most of the things properly, thanks.

Cyberterror:
They are strangers in Yoruba land protesting against other strangers doing their legitimate businesses in Yoruba land. Which kind of greed is this?

tollyboy5:
Government will not ban them from selling their original products because some few greedy business men want to sell fake products to us at exorbitant prices.
The government will listen to well meaning Nigerians not greedy marketers and their unions.