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Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA - Business (9) - Nairaland

Nairaland Forum › Nairaland General › Business › Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA (15738 Views)

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Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by DMCA: 1:30pm On Sep 15
obembet:
Really? And yet you dey complain about south Africa?

You import from China and sell 35k..
A Chinese brings same stuff down and sells for 5-10k..Why that huge difference?
Its not even that alone, they sell fake and Chinese brings the original
Plenty sense dey wetin u talk
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Cyberterror: 1:34pm On Sep 15
owobokiri:
You dont understand how this works. I am an importer. For a long time too. Even if you bring the whole Chinese here, I wont panic. I have my reasons. So while I stated what needs to be done, I am not necessarily worried about their presence here based on personal gains. I have lived with them. Over 20 years! On and off. I know these people. Very very well...
Look at where you got it wrong;

1) You mangled the reasons why the goods sold by the Chinese are cheaper. Theirs are cheaper because the own the factories. Again, businesses there, are generously granted outlandish financial inducements by the government to prosper. The Chinese government places large emphasis on job creation more than taxes. To earn taxes, you need people to be working and engaged. They understand this.

2) This is not about "big shark and small shark". It is a lie that importers make outrageous profits from imports. This can only happen if you are a big importer. Most Importers from Nigeria, are small scale Importers, who measure their goods by CBM, and not wholesale Importers who order personal container loads. As a result, the scale of profits varies. Most traders only rake in reasonable profits after many "turnovers". You can check.
Infact, I have priced goods in China whose prices are almost the same as the prices in Nigeria. Making me wonder where the Importers got them..

3) This one is a bit surreal but very very important;
There are Chinese triads!
These are extremely sophisticated Chinese gangs in the mould of say and the rest in Nigeria. They are very clever, very ruthless, very effective and very active in underground trace and illicit businesses. I believe they are the ones involved in illegal mining in Zamfara that caused Nigerians to yell at the Chinese government few months ago. They are into counterfeit and all that. And if you read closely, you will understand that most goods being sold by these new Chinese shops are fakes.

We need to be very careful here. The Chinese triads can impose a president on this country someday, if we allow them to entrench themselves
All these IPOB propaganda can't work in Yoruba land. Are you guys no longer bothered about high prices of commodities which you lambast President Tinubu for? The Chinese will beat prices down.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Ishilove: 1:45pm On Sep 15
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.
You must be trolling. So it is off my back and sweat that they will create the wealth, abi? In all your postulations, I don't see where you have explained exactly how exploitative pricing will benefit the consumers who are the ultimate end users. You have yet to explain how the high cost of goods and subsequent reduced spending power will benefit the consumers, but rather you are going on and on about secondary school economics and how the traders will spend their wealth on the Nigerian economy, to the very detriment of the people who live in the country. Typical bourgeois, capitalist mindset.

Guy abeg I no wan vex. I get anger issues.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by bluejay05: 1:48pm On Sep 15
TinubuGoQuench:
Igbos have taken over business in Lagos. They own the major shops and importation hubs. You can knack your head on the ground.
the

Taking over fake products 🤣🤣
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by FSBoperator: 1:49pm On Sep 15
owobokiri:
You dont understand how this works. I am an importer. For a long time too. Even if you bring the whole Chinese here, I wont panic. I have my reasons. So while I stated what needs to be done, I am not necessarily worried about their presence here based on personal gains. I have lived with them. Over 20 years! On and off. I know these people. Very very well...
Look at where you got it wrong;

1) You mangled the reasons why the goods sold by the Chinese are cheaper. Theirs are cheaper because the own the factories. Again, businesses there, are generously granted outlandish financial inducements by the government to prosper. The Chinese government places large emphasis on job creation more than taxes. To earn taxes, you need people to be working and engaged. They understand this.

2) This is not about "big shark and small shark". It is a lie that importers make outrageous profits from imports. This can only happen if you are a big importer. Most Importers from Nigeria, are small scale Importers, who measure their goods by CBM, and not wholesale Importers who order personal container loads. As a result, the scale of profits varies. Most traders only rake in reasonable profits after many "turnovers". You can check.
Infact, I have priced goods in China whose prices are almost the same as the prices in Nigeria. Making me wonder where the Importers got them..

3) This one is a bit surreal but very very important;
There are Chinese triads!
These are extremely sophisticated Chinese gangs in the mould of say and the rest in Nigeria. They are very clever, very ruthless, very effective and very active in underground trace and illicit businesses. I believe they are the ones involved in illegal mining in Zamfara that caused Nigerians to yell at the Chinese government few months ago. They are into counterfeit and all that. And if you read closely, you will understand that most goods being sold by these new Chinese shops are fakes.

We need to be very careful here. The Chinese triads can impose a president on this country someday, if we allow them to entrench themselves
And you still import from china .

So why for every reason you are claiming it is bad for Chinese to retail directly to Nigerians ?

If you were a producer, I will understand but you are still going to China to import goods you sell here and you are crying that Chinese are outselling you because they retail far cheaper than you.


Oga, as much as it is dire for your business , it's not our business and not our problem.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by GloriousGbola: 1:57pm On Sep 15
Ishilove:
You must be trolling. So it is off my back and sweat that they will create the wealth, abi? In all your postulations, I don't see where you have explained exactly how exploitative pricing will benefit the consumers who are the ultimate end users. You have yet to explain how the high cost of goods and subsequent reduced spending power will benefit the consumers, but rather you are going on and on about secondary school economics and how the traders will spend their wealth on the Nigerian economy, to the very detriment of the people who live in the country. Typical bourgeois, capitalist mindset.

Guy abeg I no wan vex. I get anger issues.
this is a ch341 programmer

i paid 55k for something that is $5

that is why there is gnashing of teeth. the so called business acumen which is really just selling at ridiculous prices has met competition

the free ride is over

Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Nefort(m): 2:05pm On Sep 15
Christistruth03:
The Chinese are already establishing Factories in the SW and employing indigenes

They are the ones building the Lekki Port for Lagos
Factories is a different matter. Displacing local retailers is a different matter.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by ultraviolet27(f): 2:14pm On Sep 15
Tenses:
The south africa is a different scenario altogether.

The Chinese are manufacturers of these goods , they are in control of the shipping industry, and other logistics. They can afford to sell cheaper or even at a lost to clear out old stocks.

If they are allowed to narrow down into retailing it will plunge more Nigerians into poverty.

Our poverty rate is already alarming.

Government should seize this opportunity and control products prices of these Igbo traders.
So your brothers reaping people (consumers)off aren't plunging the masses into poverty your greed and insatiety is why the Chinese starts retailing in Nigeria too what a callousness!! how can you buy something worth 200 from china and sell it at the rate of 4k in Nigeria?rgard what we called 'ere ajepajude' ibyoruba don't tell me about about importt tarriff or shipping costs etc o because we all know it isn't that only 1 good you are shipping to nigeria yet you blame tinubu and the others at the seat of government whereas you are even worse

It isn't as if tinubu and his cronies are okay too but we should hit the nail on the head funny enough when the borders were opened imported products are even cheaper than when it is now beingp produced in nigeria e.g petroleum products (kerosene,fuel etc) cement,rice, vegetable oil solar panels etc.i read their solar panels and installations are even cheaper Nigerians are way more cruel to each other than their government
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Kaycee54321(m): 2:19pm On Sep 15
This is great.

A free market. A buyer's market.

That's how Opay came and grabbed the fintech space by the balls and everybody is running helter skelter.

It's good.

Let me start saving for "crean Jetour avairable" like the good man would advertise. Dem no swear say I no go drive new SUV.

It's either that or I relocate to Guangzhou.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by SAMAJ: 2:25pm On Sep 15
Xenophobic attack, Igbo version loading.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by ultraviolet27(f): 2:27pm On Sep 15
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!
But we aren't even producing anything even the eastern retailers here also goes to the china to buy and sell at inflated exorbitant price so where is the justice if Chinese can sell at a lower price why can't the Nigerian importer and retailers sell?must you cut the neck of the already impoverished Nigerians also what the retailers should even be protesting for is how the government should give them the free trade finance incentives etc to establish factories here and produced their goods themselves instead of importing

Moreso do they even give other ethnic groups free hands to retail in their own region? yet they can protest in Lagos a yoruba land the Europe you cited are curtailing Chinese manufactured goods in their markets don't they produce their own goods themselves?
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by anonimi: 2:28pm On Sep 15
FSBoperator:
How do you guys reason needs to be studied.
You are importing from China and selling at a high marked up price than the Chinese retailers and you are telling us this must be protected from competition ?
Are you normal at all?
Where did I talk about importing from China to resell in Nigeria?
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by ultraviolet27(f): 2:36pm On Sep 15
Kalulu44:
Are my brothers producing the said items in Ghana. Or you didn't read where I said it's this Chinese that are supplying my brothers the goods and still come to their domain to sell same goods at their company price. How do they want my brothers who also bought from them at their company's price to sell their own.
Those your brothers should sell it at a cheaper rate or also establish factories isn't it even cheaper producing the goods here than going to import it oh there won't be a way to reap off the masses again?let me see any of you insult out leaders here again very greedy wicked lots!!
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by yemmywesey(m): 2:43pm On Sep 15
The Chinese people must stay ooo, igbo traders cannot monopolize Lagos markets. Why are they afraid of trade competition with the Chinese
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by BENEAMATA: 2:50pm On Sep 15
owobokiri:
You dont understand how this works. I am an importer. For a long time too. Even if you bring the whole Chinese here, I wont panic. I have my reasons. So while I stated what needs to be done, I am not necessarily worried about their presence here based on personal gains. I have lived with them. Over 20 years! On and off. I know these people. Very very well...
Look at where you got it wrong;

1) You mangled the reasons why the goods sold by the Chinese are cheaper. Theirs are cheaper because the own the factories. Again, businesses there, are generously granted outlandish financial inducements by the government to prosper. The Chinese government places large emphasis on job creation more than taxes. To earn taxes, you need people to be working and engaged. They understand this.

2) This is not about "big shark and small shark". It is a lie that importers make outrageous profits from imports. This can only happen if you are a big importer. Most Importers from Nigeria, are small scale Importers, who measure their goods by CBM, and not wholesale Importers who order personal container loads. As a result, the scale of profits varies. Most traders only rake in reasonable profits after many "turnovers". You can check.
Infact, I have priced goods in China whose prices are almost the same as the prices in Nigeria. Making me wonder where the Importers got them..

3) This one is a bit surreal but very very important;
There are Chinese triads!
These are extremely sophisticated Chinese gangs in the mould of say and the rest in Nigeria. They are very clever, very ruthless, very effective and very active in underground trace and illicit businesses. I believe they are the ones involved in illegal mining in Zamfara that caused Nigerians to yell at the Chinese government few months ago. They are into counterfeit and all that. And if you read closely, you will understand that most goods being sold by these new Chinese shops are fakes.

We need to be very careful here. The Chinese triads can impose a president on this country someday, if we allow them to entrench themselves
again, you are right . And I am especially wary of the real looming danger you pointed out in your third point you touched on . I believe the next election can even produce a Chinese government or chines syndicate backed /funded governor or two in one or two states that the illegal mining is going on there. The long term adverse effect should be considered over the short term gain of affordability . The black race really has box itself into a corner in dealing with the Chinese with our inherent refusal to elevate our collective mentally.. Sadly, the strong will destroy the weak as was foretold some 400 years ago by an expelled seminar Ian based in Mainz, Germany .
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by christistruth01: 2:59pm On Sep 15
TinubuGoQuench:
E pain am cheesy. Point one shop your family owns in Lagos.
We own Lagos
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Goonnik: 3:13pm On Sep 15
Estello:
Igbo traders in Lagos staged a protest today in the market to stop Chinese people from selling their products as retailers just like them in market!!!!





Chinese won't go anywhere they are the ones to leave Lagos.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Goonnik: 3:15pm On Sep 15
Estello:
Igbo traders in Lagos staged a protest today in the market to stop Chinese people from selling their products as retailers just like them in market!!!!





Jealousy people I thought they says Yoruba Na em they jealous them 🤡.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Goonnik: 3:17pm On Sep 15
Sheuns:
The Chinese should be restricted to factory establishments only in Nigeria.

You can’t just allow them come to start doing retails and clearing out competitors that don’t have as deep pockets as them.

Na so una do take kill SMEs all in the name of looking for Foreign investments.

To those of you saying it’s good because it affects a tribe. All I’ll tell you is don’t worry. No Nigerian retailer or wholesaler can compete with the Chinese if this isn’t stopped. Even those of you that sell voile lace, Ankara, and other native fabrics won’t survive this. There’s nothing sold here in Nigeria that’s not coming in from China. They will out sell every one of you and put you out of business.

Shey they’re already marketing and selling Chinese made cars directly here? E go touch everybody round.
Shut it rest.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Tenses: 3:32pm On Sep 15
ultraviolet27:
So your brothers reaping people (consumers)off aren't plunging the masses into poverty your greed and insatiety is why the Chinese starts retailing in Nigeria too what a callousness!! how can you buy something worth 200 from china and sell it at the rate of 4k in Nigeria?rgard what we called 'ere ajepajude' ibyoruba don't tell me about about importt tarriff or shipping costs etc o because we all know it isn't that only 1 good you are shipping to nigeria yet you blame tinubu and the others at the seat of government whereas you are even worse

It isn't as if tinubu and his cronies are okay too but we should hit the nail on the head funny enough when the borders were opened imported products are even cheaper than when it is now beingp produced in nigeria e.g petroleum products (kerosene,fuel etc) cement,rice, vegetable oil solar panels etc.i read their solar panels and installations are even cheaper Nigerians are way more cruel to each other than their government
Sweet heart read my last paragraph.

As they are reaping you, they are reaping me as well. Nah the same market we dey go.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by physicalplane2(m): 3:33pm On Sep 15
I want to believe this is a fake news. This needs to be sorted immediately, If the government have to send police there to make order be the norm because the Chinese are here to stay. This is Nigeria and we are cosmopolitan. If you go to China, they won’t stop you from selling. These kind of fight is not ours. Nigeria belongs to the world. If these people keep coming, sooner or later, Nigeria gets more developed. We need publicity and this is not a good publicity. Those people disturbing the Chinese need to be put in order. They are out of line. The government needs to send armed forces over there to regain peace. God bless Nigeria
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Gerrard59(m): 3:33pm On Sep 15
owobokiri:
The Chinese must go home.
Those trying to frame this as the practice of free trade should just zip it. Likewise, those who see this as the ultimate weapon to push certain people off their pedestal in Nigerias retail business, should see the bigger picture. This is above petty politics so let's be guided...

The Chinese mass produce these goods, they then come down here to mass wholesale it, then they retail it. Some are now involved in hawking stuffs like mobile phones and battery across Nigerian cities.
That is outrageously evil..
It has to stop!

If they take the whole business line, where will Nigerians be involved? How do Nigerians in the informal sector survive? Why should the government allow such imperialist move that will result in maximum capital flight? Even in china, they once banned foreigners, especially Nigerians from opening shops. They only lifted that recently with a caveat that there must be Chinese employed and taxes paid!
Mind you, we are talking of shops that wholly sell Chinese products here..

The Nigerian government should move above ethnic sentiments and defend the country. The informal sector/agriculture provide most of the job opportunities for the endless quantity of untrained humans in this country. The Chinese who rarely embrace Nigerians in their countr,y should not be allowed to wrestle that space away from the firm grip of ordinary struggling Nigerians..

Thank you all!
Truth is: the ethnic relationship between I and Y has changed after the 2023 elections. So it was imperative that our people looked into the future and adjust accordingly. Asking the LASG gov't and its elites to reconsider after what happened in 2023 is very unrealistic. Our people should collaborate as partners to sell higher volumes at lower prices and spread their investments.

Also, the government of Bola Tinubu is largely country-neutral. He has opened the doors to Brazilian corporations, Chinese poultry producers, Lebanese construction companies etc.

Lastly, I'm not surprised by recent events as I predicted everything on this forum. Things have changed and cannot remain the same.

P.S. I and Y because the anti-spam bot will block me for mentioning the full names.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Gerrard59(m): 3:36pm On Sep 15
Mrexcell:
Who are they expecting to drive the chinese retail traders for them is it the lagos state govt that has been looking for ways to get rid of them in lagos? Let the igbo traders just reinvent and restructure their business to keep up with the changing business environment.
I'm still not certain that protest was held in Lagos, else it's laughable.

It reminds me of those who challenged the LASG for nose-poking into federal housing in FESTAC. Their argument was that the FG is responsible, not the LASG. But which party makes up the current FG? grin
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Gerrard59(m): 3:37pm On Sep 15
Tenplet:
These Chinese are very funny..they left profitable businesses like cement production to come and be meddling in the affairs of ordinary retail sellers...abeg they should come and crash cement prices jare that's what we Nigerians what..
Chinese bought over Lafarge.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Ishilove: 3:48pm On Sep 15
GloriousGbola:
this is a ch341 programmer

i paid 55k for something that is $5

that is why there is gnashing of teeth. the so called business acumen which is really just selling at ridiculous prices has met competition

the free ride is over
Just look at the arrant nonsense o
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Shaketable: 3:59pm On Sep 15
PulaPower:
Nah Yoruba law Chinese people dey use operate or Nigeria law?

Nah only Chinese people dey Yoruba land ? What about the middle-east, Europeans, Americans, Italians, Spanish? They do all sell retails too… Wetin make we do to them?
Go n check there is no European, American, Indian in the markets , Nigeria is supposed to have a law that protects it citizens from things like this, it is in Ghana, but because it is the Igbo who r more in commerce that the Nigerian govt has turned a blind eye to this.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Gerrard59(m): 4:02pm On Sep 15
koning:
My response to this nonsense you wrote here was removed.
I will not repeat myself. Use your imagination to figure out what my response was.
IGBOS ARE NOT STRANGERS IN LAGOS OR NIGERIA.
And LAGOS IS NOT YORUBA LAND. Stop dreaming.
Lol

The bold is one of the major reasons issues as the topic arises. How is Lagos not Yoruba land? If it's not Yoruba land, whose land is it? Well, they've invited the Chinese to trade in their markets, and there is nothing anyone of us can do about it.

Lol

You people never learn. It's pitiful and hilarious to read.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by Shaketable: 4:05pm On Sep 15
FSBoperator:
No be Una dey shout Biafra?

This is just a preview .

Or where you thinking if you get Biafra today you will be allowed to enter Nigeria anyhow as you please ?
Then let d Biafra happen, u r d people who fought d civil war against Biafra for a one Nigeria now u r d one crying n calling those who u made sure didnt leave Nigeria , strangers. How can u be speaking from both sides of ur mouth. Y'know what I would like to see u go to any court in Nigeria and file a motion calling an Igbo a foreigner n let's see if it il fly. U come on Nairaland n talk trash.
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by georgeakins: 4:13pm On Sep 15
Diligence:
Wait-o. Is it true that fg allowed foreigners to establish retail outlets in Nigeria.

Is it the same FG that revoked Ibeto's Cement Licence, to allow Dangote Cement to monopolise Cement Industry during Obasanjo's regime?

Oya, flood the market with foreign rice, open the borders, & remove all tariffs so Other countries can flood Nigerian market & industries with their cheapest goods & services & repatriate the funds & crash the economy & obliterate the GDP.

This should be investigated & stopped immediately b4 I call fg & the trade regulators "crassly stupid"!
Ibeto should go and get a licence to run a cement plant if he has the brain and the technical know how.

Nobody will be allowed to impose substandard cemet into the country

If e pain you, you can take a leap into the Lagoon
Re: Traders In Lagos Stage Protest Against Chinese Shops At Trade Fair And ASPANDA by tollyboy5(m): 4:13pm On Sep 15
IyfeNamikaze:
Can you even listen to yourself?

If the Nigerian retailer sells at ₦250, he still spends that ₦250 within the Nigerian economy, the government extracts taxes based off the ₦250 which means that the economy is growing by 12.5. BUT if the Chinese sells it at ₦180 and sends the ₦100 back to china, not only have the economy lost that ₦100, it has also lost a sizable percentage of its IGR by -4.2 .

I can't believe what I'm reading on this site sha, it's like the government should make Economics compulsive for EVERY discipline in the university.
True true, school no be scam. Smh, 🤦🏾‍♂️ out of 250 it’s just 150 gain. I50 to spend in the economy. Both party send 100 back to china so no difference.
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