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My Take On The Protest By Traders At Trade Fair Complex, Lagos. - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › My Take On The Protest By Traders At Trade Fair Complex, Lagos. (9758 Views)

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Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by victorazyvictor(m): 5:22pm On Sep 16
ElevationD:
If other nationals, including Asians can demand that Nigerians should be deported from their countries, Nigerians have the right to protest such unfair competition by the Chinese and Indians.

Before now, it was the Indians in the garment and plastic industries. Now it is the Chinese, Cambodians, Taiwanese and Vietnamese , who manufacture the products in their countries, make the prices high for Nigerian importers there and then ship their own containers to Nigeria, to sell directly in the Nigerian retail market. Most Nigerians are not aware that a lot of the used clothes and shoes that they purchase are not only from China, but from Cambodia and Vietnam.

Sadly, while the Chinese are increasing their presence here, establishing Chinese towns and factories, our citizens are busy playing local xenophobia politics and destroying themselves. Infact, the same Chinese now parade the streets of Lagos with their wares, selling directly on the streets.
What stops you from manufacturing your own here and compete with them?
What are you lacking? Human resources or mineral resources?
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by COMPAQ(m): 5:23pm On Sep 16
ElevationD:
Sorry bro, I think you are missing it.

You cannot be manufacturing the same product for me; I borrow at high amounts to pay your product price + shipping costs to deliver to my retail shop in Trade fair, only for you to compete against me by bringing the same product to the same market directly from your factory at very cheaper rates and expect me to stay silent. That’s very unfair trade practice.
Don't the Chinese ship their producrs too? Don't they pay import duties as well?
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Sleekfingers: 5:23pm On Sep 16
ElevationD:
If other nationals, including Asians can demand that Nigerians should be deported from their countries, Nigerians have the right to protest such unfair competition by the Chinese and Indians.

Before now, it was the Indians in the garment and plastic industries. Now it is the Chinese, Cambodians, Taiwanese and Vietnamese , who manufacture the products in their countries, make the prices high for Nigerian importers there and then ship their own containers to Nigeria, to sell directly in the Nigerian retail market. Most Nigerians are not aware that a lot of the used clothes and shoes that they purchase are not only from China, but from Cambodia and Vietnam.

Sadly, while the Chinese are increasing their presence here, establishing Chinese towns and factories, our citizens are busy playing local xenophobia politics and destroying themselves. Infact, the same Chinese now parade the streets of Lagos with their wares, selling directly on the streets.
I prefer to buy from the Chinese, than to patronise our greedy brothers.

Our same brothers killed our textile industries with their useless importers back then. Now they are crying all over the place .

No one is saying they shouldn't make profit, but the outrageous price they are selling is a complete wickedness.

Are the Chinese breaking any law? If they are , then they should point it out and let the appropriate authority address it.

For now . The Chinese should continue doing what they are doing.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by TEYA:
ElevationD:
If other nationals, including Asians can demand that Nigerians should be deported from their countries, Nigerians have the right to protest such unfair competition by the Chinese and Indians.

Before now, it was the Indians in the garment and plastic industries. Now it is the Chinese, Cambodians, Taiwanese and Vietnamese , who manufacture the products in their countries, make the prices high for Nigerian importers there and then ship their own containers to Nigeria, to sell directly in the Nigerian retail market. Most Nigerians are not aware that a lot of the used clothes and shoes that they purchase are not only from China, but from Cambodia and Vietnam.

Sadly, while the Chinese are increasing their presence here, establishing Chinese towns and factories, our citizens are busy playing local xenophobia politics and destroying themselves. Infact, the same Chinese now parade the streets of Lagos with their wares, selling directly on the streets.
Oga, they don't make anything high for anybody, we just know how wicked Nigerian traders are, that is why even crayfish sellers have unions so they can hike prices. Wicked people.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by shortgun(m): 5:26pm On Sep 16
It is not just about selling at cheaper prices to Nigerian buyers. It is also about killing Nigerian businesses.

Many people don't understand that the Chinese government supports its citizens businesses. Chinese businesses have the backing and support of their government.

So how do you expect ordinary Nigerian traders to compete against Chinese businesses and sell cheaper?
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ZUBY77(m): 5:27pm On Sep 16
Jakpon:
Oga you can take your advocacy and protest to iboland. Chase away all the Chinese in Onitsha, Aba, Owerri and all over iboland, but as far as we are concerned in Yorubaland, Chinese investors, Manufacturers and Retailers and welcome.
Is anybody protesting in Oshogbo or Ile Ife?
What about Akure and Ekiti?
Do you get me?
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by NewHe: 5:27pm On Sep 16
Why can't they (unscrupulous Nigeria traders) form partnership with the Chinese to make products relatively cheap in Nigeria?
The Chinese had removed shipping/freight cost for our local traders so why the fight? Honestly,Nigerians are bit selfish!
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:27pm On Sep 16
FSBoperator:
The Chinese will soon invest in mega warehouses and distribution networks and digital stores .

They will open their warehouses across the 5 working geopolitical zones and sell to retailers at a good price and directly to consumers.

The first mega warehouse will soon be commissioned along the Coastal highway Lagos -Ogun corridor and will serve all coastal states.

Another one will pop up in PH, then Abuja, then Kano and later Gombe to serve the other geopolical regions.

They won't be opening one in your region for fact that it might get raided by a mob .
This is called hoping against hope.

Tell us how that will reduce the cost of goods please. Will that phone in your hand sell for cheaper amount? Will the cost of that your boxer, covering your small yansh and small okro size prik get cheaper?

No be only mega warehouse. Na storekeeper. With Chinese towns existing for years, tell us how the cost of products have reduced.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:28pm On Sep 16
shortgun:
It is not just about selling at cheaper prices to Nigerian buyers. It is also about killing Nigerian businesses.

Many people don't understand that the Chinese government supports its citizens businesses. Chinese businesses have the backing and support of their government.

So how do you expect ordinary Nigerian traders to compete against Chinese businesses and sell cheaper?
Don’t mind the ignorant FSB guy.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Afrojuju2017(m): 5:29pm On Sep 16
Jakpon:
Oga you can take your advocacy and protest to iboland. Chase away all the Chinese in Onitsha, Aba, Owerri and all over iboland, but as far as we are concerned in Yorubaland, Chinese investors, Manufacturers and Retailers and welcome.
Absolutely, the Igbo traders with the complicity of FG between 1979 and 1990s especially IBB collapsed the manufacturing capability of the SW.

As of 1950s till the early 1990s everything was manufactured in Nigeria from Exide battery to Dunlop tyres, foam mattresses, beverage, textiles , the list was endless and there were Yoruba industrialist running those companies investing major funds and growing their capacity.
But the floodgates were opened for importation from China by a certain group and those local industries were not protected then by FG governments.

The FG can't protect the peculiar interest of a particular ethnic group.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Kalulu44: 5:29pm On Sep 16
ElevationD:
If other nationals, including Asians can demand that Nigerians should be deported from their countries, Nigerians have the right to protest such unfair competition by the Chinese and Indians.

Before now, it was the Indians in the garment and plastic industries. Now it is the Chinese, Cambodians, Taiwanese and Vietnamese , who manufacture the products in their countries, make the prices high for Nigerian importers there and then ship their own containers to Nigeria, to sell directly in the Nigerian retail market. Most Nigerians are not aware that a lot of the used clothes and shoes that they purchase are not only from China, but from Cambodia and Vietnam.

Sadly, while the Chinese are increasing their presence here, establishing Chinese towns and factories, our citizens are busy playing local xenophobia politics and destroying themselves. Infact, the same Chinese now parade the streets of Lagos with their wares, selling directly on the streets.
Exactly what I was on ystday. You make Nigerians come to you to buy goods whether in China or Ogun free trade zone.
Import them from China, transport them from the free trade zone and about to sell at a price they'll make profit.
Then you the manufacturer that sells at wholesale price to them still brought same goods to their domain to sell at company's price. How do you expect them to feel and to survive
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by UrVillageChief: 5:32pm On Sep 16
Belurved1:
It’s understandable that the Igbo dominate many of these markets and are major stakeholders in the importation and selling of goods there. However, despite their dominance, there are still many other importers and businessmen from different ethnic backgrounds operating in these markets.
My question is: why not work alongside these minority importers and encourage them to participate in the protest as well? Doing so would make it clearer that the concerns being raised are shared by businessmen across different ethnic groups, rather than being perceived as an exclusively Igbo movement.
Must other businessmen always be sidelined or looked down upon simply because they are fewer in number or may not be as financially powerful?
Imagine if significant numbers of minority importers from other ethnic groups had joined the protest. The public perception could have been very different, and the message might have been seen more broadly as a collective concern of Nigerian businesses rather than one associated primarily with a particular ethnic group.
I no understand una point o. So because an Igbo man must “chop”, the masses must keep patronizing his overpriced products, abi?
So what then is the difference between Nigerians (Igbos) and those South Africans we all called xenophobic some months back? Also, what if China starts doing the same thing to all the Nigerian nationals who own retail businesses and outlets all over China?
Ohh, so it’s xenophobia when Ghana or South African does it but it’s something nice and patriotic when it’s the Igbos doing it? Burst my brain guy🤣🤣
The Igbo traders should compete. The days of exploiting Nigerians is over now. Compete or leave the market for us!
They even gave those Chinese free publicity now because earlier before yesterday, I never knew such a thing existed. All these wicked house agents and phone vendors are next!
Imagine paying over a thousand dollars to get an iPhone made some 3, 4 years ago when that same money can get you even the latest iphone abroad all thanks to our wicked middle-men brothers and if we talk, people like you would scream “don’t spoil other men’s businesses”
It would be game over for them the day Apple finally brings its retail stores to Africa/Nigeria but for now, China is welcome, anybody who can’t compete is free to leave the market and Lagos for US! Iwo lo ma feko le🤣
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by TEYA:
ElevationD:
Oga, too much APC, Iran and tribalism is clearly taking its toll on you.

If you understood the issue, you’d not have made such a comment

We are talking about unfair trade practices that affect all Nigerian importers, who sell Chinese/Asian manufactured goods in various retail markets across the country. It has to do with Chinese manufacturers, who make importers purchase at high rates in Chinese factories to sell in Nigeria, while the same Chinese manufacturers, seeing that their products move in the market, seize the opportunity to bring in their own staff and flooding the markets with the same goods at far lower prices, therefore putting Nigerians out of jobs. Oga, Nigerians take the risk a lot of times, importing unknown products into the market to advertise. Manufacturers notice the rapidity of sales and plan how to bypass those who made the effort.

Many years ago Asians used to have well spelt out trade agreements with Nigerian importers. They put an end to that. Now the same products are found in the market, manufactured by the same factories, but with other brand names, taking advantage of OEM as the manufacturers.

Oga, the Chinese retailers that you see in the streets are direct representatives of factories in their home country. They are not looking for jobs. Go to trade fair, Alaba and Lagos Island markets to see for yasef. The same happens in the SE and NW.

So oga, no one is talking about immigration or your imaginary edict. We are talking of protection for Nigerians. We are talking out of personal experiences and not what APC wants us to pretend to say, as they tell you people.

The same people like you get angry that Nigerians in South Africa had their shops locked up by South Africans, who felt that their government did not do enough to protect the jobs of the citizens.

Tell your leaders who have political power to look at protecting Nigerian traders and effectively ensuring that jobs are not lost, in this APC hardship afflicted country.
Oga nothing wey you fit tell me, our traders are very wicked people. Did VDM not show how wicked you people are? Pursuing 2000% profit per sale. Who does that?
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by shortgun(m): 5:35pm On Sep 16
victorazyvictor:
What stops you from manufacturing your own here and compete with them?
What are you lacking? Human resources or mineral resources?
Funding is the reason Nigerian businesses can't compete against the Chinese

How do you expect a Nigerian business to compete with a Chinese company that has received $2 billion in government grants and support?

Where will the Nigerian business start from?

You cannot put two businesses on the same playing field when one has access to massive government backing and the other is struggling to raise ₦10 million
That's not a level playing field.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Afrojuju2017(m):
Sheuns:
Before jumping into conclusions. Have you thought of the following;:

1. Cost of rent for a shop in Lagos markets?
2. Cost of tickets, levies and all sorts of taxes imposed on many markets by both the local and state governments?
3. Cost of clearing at the ports?
4. Exchange rates?
5. Cost of moving your products from the ports to your stores? I don’t think there’s a single market in Lagos state that you don’t have area boys demanding money from trucks, containers and individuals moving goods on the roads.
6. Interest rates on loans.

The Chinese on the other hand doesn’t have to battle all these and even if they do, they didn’t come with Naira to your country, they came with dollars a more stable and currency with higher purchasing value when compared to the Naira. Coupled with the fact that they have single digit loans and strong institutional supports from their governments.

No Nigerian business (SMEs, wholesaler) can compete with the Chinese in this venture, they have deeper pockets and can make profits with just a little margin.

A local reseller that sells an item he bought from China for 1000 Naira at 2500 Naira must have factored in all the costs I listed above and his profit may be just 300 or 500 Naira. The Chinese can decide to sell at 1800 Naira and maintain a margin of 300 Naira but he may have larger volume and his turnover would be better than the Nigerian SME that has just an inventory of 100 items.

The government should ensure that factories that produce do not also get into retailing. It’s counter productive.

I also blame some of our people.
The Chinese retailer is also subject to all those levies and overheads you mentioned. The only competitive advantage a Chinese retailer has is cost of lending.

It's not my business how much it cost for you to borrow, if there is a more competitive retailer I'll but from him
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:36pm On Sep 16
Sleekfingers:
I prefer to buy from the Chinese, than to patronise our greedy brothers.

Our same brothers killed our textile industries with their useless importers back then. Now they are crying all over the place .

No one is saying they shouldn't make profit, but the outrageous price they are selling is a complete wickedness.

Are the Chinese breaking any law? If they are , then they should point it out and let the appropriate authority address it.

For now . The Chinese should continue doing what they are doing.
Na so una go dey talk. Small children.

Go and ask General Babangida what happened to the textile industries. Ask General Babangida why he introduced SFEM in August 1986, effectively devaluing the naira, which had not recovered up till this day. Ask General Babangida why cotton production seized. Ask Babangida why he closed down the Nigerian national supply company, the major federal organization that used to import fertilizers used then. When growing cotton became an issue, should Nigerians walk about naked? Who ere those traveling to Europe and USA to import clothes? Na Yoruba people.

When you purchase bad products from Chinese people, remember to tell your people the exact source.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by dododawa1: 5:36pm On Sep 16
I prayer Chinese are selling FUEL also









To escape DANGOTE and TINUBU shege
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Afrojuju2017(m): 5:38pm On Sep 16
FSBoperator:
Lol

I found it funny how people that claim Lagos is no man's land are against the Chinese setting shop in same Lagos.

Yorubas no complain nah only dem dey cry and beg that Chinese be barred from retail for some stupid senseless reason that makes no sense whatsoever.

The Chinese should do quick and open a mega warehouse and start online shops with distribution networks across the country.

Anyone who can't adapt should return to Onitsha market where non Ibo traders are not allowed to have shops there.
Lagos State has taken control of trade fair market and would protect the retail commercial interests of the local indigenes.

The Chinese will stay if you are not happen you are free to relocate
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by FSBoperator: 5:38pm On Sep 16
ElevationD:
This is called hoping against hope.

Tell us how that will reduce the cost of goods please. Will that phone in your hand sell for cheaper amount? Will the cost of that your boxer, covering your small yansh and small okro size prik get cheaper?

No be only mega warehouse. Na storekeeper. With Chinese towns existing for years, tell us how the cost of products have reduced.
Doesn't concern you.

Our new Chinese business partners are now seriously considering investing in Nigeria to serve as the hub for their consumer product distribution across West Africa and beyond.

If care is not taken, they will even buy that trade fair complex and build a mega mall in its place.

Start learning mandarin because you will be working for your new Chinese overlords ferrying customers to their shops and acting as interpreters for a small token Commision.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by ElevationD: 5:39pm On Sep 16
TEYA:
OHA nothing wey you fit tell me, our traders are very wicked people. Did VDM not show how wicked you people are? Pursuing 2000% profit per sale. Who does that?
Have you bothered to ask VDM how much he sold the phones that he imported after all the noise that he made? Have you?

Did VDM sell for free or perhaps did he sell at the factory price to impress his audience?’ So una no get sense know say VDM was trying to venture into that business? How far now with him? Have you patronized his business?
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Afrojuju2017(m): 5:40pm On Sep 16
AMINDA:
The foreigners should open production plants here in Nigeria, produce and then sell their products. Nigerian traders cannot be competing with foreign traders who have the advantages of economies of scale and a more favourable support from their home government. This is the same thing as expecting Dangote to compete with fuel importers after making a 25 billion dollar investment in building a refinery. Any competitor should put their money where their mouth is by building their own refinery in the country and crashing down prices.
Dangote is competing and beating fuel importers, he's doing so well that the importers now but from him blend into a lower quality in west Africa and bring the fuel back to Nigeria to sell at same price as Dangote.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by FSBoperator: 5:40pm On Sep 16
Afrojuju2017:
Lagos State has taken control of trade fair market and would protect the retail commercial interests of the local indigenes.

The Chinese will stay if you are not happen you are free to relocate
I am with the Chinese 100%
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Gotocourt: 5:41pm On Sep 16
ElevationD:
Agreed with you partially.

However, do you think Donald Trump acts counter productively in protecting American industries and citizens? I think Donald Trump does the right things when it comes to trade with other countries.

Government has the business of protecting the interests of the citizens. The Asians do that too.

Trade fair is a retail market area, where over 90% of the goods traded there are imported into the country. The Asians who have very solid industries, secure visas to visit Nigeria, reside in Nigeria, import from their industries to physically sell in the retail markets. I don’t see that as fair to Nigerian traders who import from the same Asian manufacturers at high prices, only to find the same Asian manufacturers competing with them in their retail markets. That the reason for imposing tariffs by Donald Trump to check make the excesses of the Chinese. Take off the unfair practices and provide jobs for his people first.,

My former Asian manufacturer at some points repeatedly also asked me about the possibility of agreeing with him to manufacture here in Lagos, the same product that I used to import from his factory. When I discussed partnership with him in his country to set up a factory for a particular item that he used to act as a middle man to get for me, he gave me a hugely inflated set up cost that put me off.
I think manufacturing in lagos would have been cheaper 🤔.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Afrojuju2017(m): 5:41pm On Sep 16
motymop:
buying directly from China does not mean you are buying from manufacturer, you are still buying from middleman

the average trader who buys from china at 1500 and sell to nigerian at 10k does that because they are not buying in volume, they are retailer

the funniest stuff is that you are crying loud online, which means nothing to the average trader

at the end of the day, the real decision will be taken at the union level and when the decision is taken, there is nothing you can do
The union can not stop a Chinese retailer from opening a shop in Lagos, you can do that in Anambra or Abia surely not in Lagos

If you threaten a Chinese individual in Nigeria you will be arrested and charged to court for criminal intimidation
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Mrexcell(m): 5:42pm On Sep 16
The Chinese are been encouraged to open retain shops and flood the whole nigeria with products they cheaply produce in china this will definitely not only affect only igbo traders at the long run but also businesses dominated by other tribes.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Asmanthinket:
BATified2023:
the profit our greedy brothers make, how has it benefit us as Nigerians?


The only thing u do is build empty houses in the village n rob it in the faces of we your customers that we are lazy


Imagine a seller telling his customers that they re lazy, Chinese traders won't do that.

Let the Chinese come n sell their wares, we ain't xenophobic here
M
Everyone is free to sell
I can see that your happiness is not that you are enjoying the cheap products from china, but the business of your fellow citizen is ruined by Chinese. Remember that the people whose business you think that is ruined started life with just 20 poud. Deja Vu
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by BATified2023: 5:46pm On Sep 16
Asmanthinket:
I can see that your happiness is that you are not enjoying the cheap products from china, but the business of your fellow citizen is ruined by Chinese. Remember that the people whose business you think that is ruined started life with just 20 poud. Deja Vu
that's your problem

If u like start life with 0 Kobo, that's your problem Chinese traders are here to stay that's all I can tell u
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Afrojuju2017(m): 5:47pm On Sep 16
ElevationD:
What is our concern with that?

It pains you deeply that the same people surround you completely. Your gadgets, your house, your clothes, shoes, kitchen equipments, everything sold to you by the same people. Added to that, they are your landlords too. They sell drugs to you that save your life.

Why not simply clap for them. Praise them, so that they can do more to help you.
You mean all the fake drugs.

Your argument makes no sense
The Chinese manufacturer has no economic reason to inflate his price to the middleman distributor, it's because of the greed of the distributor increasing prices and making their product less competitive that has caused them to establish their own retail outlets in Nigeria to cut out the middleman.

The manufacturer wants his product to be price competitive and if a middleman is taking unfair advantage the manufacturer would do something about it.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by FSBoperator: 5:47pm On Sep 16
shortgun:
It is not just about selling at cheaper prices to Nigerian buyers. It is also about killing Nigerian businesses.

Many people don't understand that the Chinese government supports its citizens businesses. Chinese businesses have the backing and support of their government.

So how do you expect ordinary Nigerian traders to compete against Chinese businesses and sell cheaper?
Welcome to the global village.

Evolve or die

The Chinese will readily pay taxes unlike those your brothers who will never agree to pay or remit taxes.


I say let the Chinese replace you.

You can always return to your ancestral profession of tilling the ground .
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Afrojuju2017(m): 5:49pm On Sep 16
motymop:
You are speaking lot of grammar that makes no logical sense..stop being emotional,you are a man for God sake

Always look at the bigger picture

The shop can be owned by any entity but rules of trading are set up by the unions

Yes, they can remove any foreign entity from the complex and can close their shop down

They can also sue the federal govt as a union for undermining trade

You also fail to realize that for govt it is all about votes, they can vote in a local govt chairman or a rep in both federal or state to fight for their interest
The trade fair complex has been transfered to the Lagos State government and local Council some months back.

The LGA has the right to allocate shop space not any union, any bullying would be quickly addressed by the state
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by FSBoperator: 5:49pm On Sep 16
Afrojuju2017:
You mean all the fake drugs.

Your argument makes no sense
The Chinese manufacturer has no economic reason to inflate his price to the middleman distributor, it's because of the greed of the distributor increasing prices and making their product less competitive that has caused them to establish their own retail outlets in Nigeria to cut out the middleman.

The manufacturer wants his product to be price competitive and if a middleman is taking unfair advantage the manufacturer would do something about it.
And to add to your argument, those high prices also slow inventory movements.

The Chinese want their goods sold as fast as they can be made and shipped to stores.

Those greedy businessmen having 100-300% profit margins are slowing down trade.
Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by Kazim88: 5:50pm On Sep 16
CodeTemplar:
The reality is that the chinese are the cheapest goods producers globally and when you couple that with the fact they are able to bring it here and still beat our final cost of producing locally, then you realize just how dependent we are on them.

They have 1.4B mouths to feed and have been migrating lately to survive. They are simply bypassing the old distributors-wholesaler commerce tunnel to deliver their produce as retailers themselves. They committed no crime. In fact, we African are to blame for not pushing for competitive business environment. We were busy rationalizing activity of buying-selling as industrial scale productivity.
The producer remains the king of the consumer
You are absolutely correct.

Nigerians mistake retailing is production.

In fact go to Alaba international, every small trader will import and apend his name shamelessly on the product.
Nigerians need to have our home grown products.

These buying and selling model will collapse soon
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