₦airaland Forum

FSBoperator:
Business is all about having an edge.

We are not going to offer protectionist policies to you because you don't produce the goods and you sell even far higher than the Chinese retailers.

Go and establish your own connect in china if you want to compete.

ufotunang:
..but you were complaining that south Africans were maltreating Nigerians and chasing them out of the country.
So you want Sanwo olu to do the same thing abi

pocohantas:
There are laws to protect local and smallscale businesses. I cannot remember what it is called, but it exists.
Since Temu and Shein started shipping to Nigeria, I haven't bought casual clothes from overpriced Lagos vendors. Same with kiddies clothes. I can only imagine what my former vendors are going through. So I understand their grievances.

Tenses:
These trade have their connect in China but other logistics and overhead cost shoots the final price up.


The same thing they do with your tinubu government. They give tinubu loan and still supply raw materials and labour too.

Shaketable:
And divide this country so Yorubas can be on their own, Y should d now president be out of their extraction? They are always saying people should leave Lagos for them forgetting that the so called Lagos was built from the common wealth of Nigeria

Nefort:
Don't be in a hurry to look at this matter in a simplistic view and use it to fuel your tribal disdain for the Igbos. The matter needs to be looked into in details because it can worsen the Nigerian economy. Remember the money the Chinese makes here will be moved to China.

PulaPower:
Nah Yoruba law Chinese people dey use operate or Nigeria law?

Nah only Chinese people dey Yoruba land ? What about the middle-easy, Europeans, Americans, Italians, Spanish? They do all sell retails too… Wetin make we do to them?

PulaPower:
Nah Yoruba law Chinese people dey use operate or Nigeria law?

Nah only Chinese people dey Yoruba land ? What about the middle-easy, Europeans, Americans, Italians, Spanish? They do all sell retails too… Wetin make we do to them?

gigabyte13:
If they are selling cheaper and quality than the indigenous people, who benefits....?
Afterall the indigenous people too are not producing, they are also importing.
Look at it from whatever angle you chose to.

FSBoperator:
Don't care

I want the baby and not the labour pains

If the Chinese can ship goods from China at a cheaper price , I am patronising them.

Kalulu44:
Just hear yourself talk, people selling cement close to Dangote cement company are selling in retails e.g one one or two two to ten or there about.
Dangote company can't sell one bag of cement for you or anybody when they know their distributors are beside them.
Which is what this Chinese companies wants to do.
Banks can't do withdrawal of 1k again which is what POS is now for. Coca cola company can't sell one bottle to you when they know their distributors are out there.
So what are you not saying

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.

Christistruth03:
Lagos and SW wants the Chinese retailers.
They are good for consumers
Prices of many consumer goods needed for Business like Solar panels, inverters, Computers and Phones will reduce and people would be able to invest their savings in viable industries like Agriculture

This type of Competition is good
The Chinese have also established Factories in SW

The ones we don't want them to engage in like Ankara and Aso Oke production
we the people of Yorubaland will inform them ourselves

PulaPower:
Go to TikTok..

Search for Chinese Alaba Vendors..

You’ll see several..

Kalulu44:
Are the Igbo men having factories and company in China producing or manufacturing?

Jakpon:
Go where? The Ibos are the ones that needs to go.

Ibo traders sell at inflated prices while the original Chinese producers sell at pocket friendly factory prices.

Talking about factories, the Chinese set up their Manufacuring Facilities here in Yorubaland, employ Yoruba skilled and unskilled workers, pay taxes and royalties to Yoruba Governors. Engage in CSR projects etc.

PulaPower:
Lol. Who told you Dangote no dey sell 1 bag? 🤣

You can buy 1 bag of cement at Dangote’s cuz even Dangote himself get him own shop near him company 🤣. Either you buy 1 bag or 100bags, no be profit both go bring?

The customers using pos near bank aren’t collecting 1k as well..

The Chinese aren’t doing anything beyond what’s called business. They saw a country they can come in to do business and make money and they took their chances..

You get my point now?

Tenses:
I no like to dey discuss with tinubu people.

See a manufacturer manufactured a product outside your country but comes to your country to retail it, yet you see nothing wrong with it.

Christistruth03:
If their products were no good then why do your people mass import it into Nigeria

ufotunang:
Business in Nigeria is a free market..every country prays for foreign investments.. foreign investors to come and invest in their country...to step up businesses companies industries in their country...for this create jobs for their citizens and boost the economy of the country.. Chinese setting up factories in Nigeria it will create jobs for Nigerians and Nigeria youths.. direct and indirect jobs.it will reduce unemployment and create more business and job opportunities for Nigerians.. nothing wrong in Chinese setting up factories..we have factories set up by other foreigners and they create job for Nigerians..so they us nothing wrong in it

IyfeNamikaze:
It doesn't stand, they're not the manufacturers but they are local traders, the middle class of the economy, their wealth will be spent 100% in the Nigerian economy, this helps banks this helps the government. You people make noise about IGR, how do you think this IGR is generated and who is it gotten from?

The Chinese will spend a few of the money in Nigeria and send the rest to china, creating a wealth flight. Now you've impoverished your SMEs, knockout your local traders from the Market like we did with textile, the people are poorer meanwhile helping the Chinese economy to grow even larger and broader.

This is level one economics.

owobokiri:
Why cant you go and do it by yourselves?
You as a Nigerian can't go to China and import and sell cheap since you think it is that easy?
Go and do it naa.. Haba!
The Germans build your roads for you. The American run your army. The French run your government. The British own your oil. Now you want the Chinese to run your retail trade! Na so you wor-wor reach?
Go to China and India and run the biz like the igbos do!
What are you afraid of? Thought you said it was that easy...

owobokiri:
Why cant you go and do it by yourselves?
You as a Nigerian can't go to China and import and sell cheap since you think it is that easy?
Go and do it naa.. Haba!
The Germans build your roads for you. The American run your army. The French run your government. The British own your oil. Now you want the Chinese to run your retail trade! Na so you wor-wor reach?
Go to China and India and run the biz like the igbos do!
What are you afraid of? Thought you said it was that easy...

BENEAMATA:
The truth, the fact, you just laid bare absolutely correct . Fear the Chinese, they are the 21st century hegemonist empire and we shouldn't fold our arms at the practice of a rapidly rising economy powerhouse even another established world power , USA is having a serious trade war with . No one can convince me the semitic biblical God's people are more cunning and ruthless in business as these Chinese people .
That said , every monopolistic practices the Chinese do in that now threatens Nigeria' business , everything you wrote out there Is just bigger sharks chasing off sharks from the waters . At what point do we begin to see the two as same sharks ibut in different sizes exploiting Nigerians ? Aside the very valid long term adverse effect of our economy suffering the maximum capital flight why shouldn't consumers embrace goods and services at cheaper prices in this present economy ? Why has the price of say, a Fireman branded generator plug not come down from 1500 - 1700 from when petrol prices first hit 1100 naira in 2023 even when petrol later became as low as 680 naira ?. Now it is 2000 naira as we speak . Yes, we blame strait of Hormuz for now innit ? Look, we can't ask for government intervention now in a capitalist market when we were saying government can't enforce price control or curtail arbitrary price increase from marketers because they ( marketers) say government didn't buy their goods nor pay for the clearing cost for their imported goods from China . Well now, are the Chinese selling cheaper not also paying the government of Nigeria for the same imported goods ? Nigerians too must help the government to curb the threat the oriental people pose to Nigerian owned business by not being greedy. Let's not even start the menace of many dishonest , sharp practices Nigerian traders engage in with unsuspecting customers . Selling copper plated aluminium as copper , selling 2022 model as 2025 , substandard products flooding the markets etc.

Phemact1:
Give or take, few years to come a lot of competitors from other countries most especially china will take major part of our sales when it comes to electronics and gadgets. Let's wait and see.

Christistruth03:
Lagos and SW wants the Chinese retailers.
They are good for consumers
Prices of many consumer goods needed for Business like Solar panels, inverters, Computers and Phones will reduce and people would be able to invest their savings in viable industries like Agriculture

This type of Competition is good
The Chinese have also established Factories in SW

The ones we don't want them to engage in like Ankara , Adire and Aso Oke production
we the people of Yorubaland will inform them ourselves

Christistruth03:
Let us explain this to you gently
The tools of production sold by the Chinese eg Solar Panels computers phones industrial machines , poultry incubators would help local people save more and have more to reinvest into their preferred local Businesses like Agriculture, Agro processing, Transportation, construction etc