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)
| Re: My Take On The Protest By Traders At Trade Fair Complex, Lagos. by victorazyvictor(m): 5:22pm On Sep 16 |
ElevationD: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: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: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: 5:24pm On Sep 16*. Modified: 7:15pm On Sep 16 |
ElevationD: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: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: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: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: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: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: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: 5:32pm On Sep 16*. Modified: 7:15pm On Sep 16 |
ElevationD: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: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): 5:35pm On Sep 16*. Modified: 6:00pm On Sep 16 |
Sheuns: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: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: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: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: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: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: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: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: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: 5:42pm On Sep 16*. Modified: 8:59am On Sep 17 |
BATified2023: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: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: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: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: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: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: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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