₦airaland Forum

franchasng:
Another mistake most of you make is ignorantly assuming that Igbo businessmen are uneducated lol.


I am a proud Igbo entrepreneur and small company owner and I am a graduate, a postgraduate and also a PhD inview student so when it comes to education, you are far below me. I have also acquired various short business trainings and courses and will be starting an MBA program with a specialization in global trade and economics by 2028 God willing. I have done a lot of short courses on business management, sales and marketing, including digital marketing.


And it's not only me, most other Igbo business associates I know are all graduates and some already have masters even from foreign universities. Gone are the days you can brag that it's only Yorubas that went to school, maybe in the 1950s, not anymore cos we Igbos now make it a top priority to acquire graduate education even if we want to major on business and trading. So when you see some of the traders in the market, don't go thinking they are all uneducated like you guys usually assume, it's no longer so today, thank you for your attention to this matter

You have strength to be arguing with FreestuffsNG who's working for his daily per post stipend. Sanu, you're really trying. Effort in futility.

franchasng:
This is part of the reason US President Trump started imposing heavy tax on Chinese imported products into America.

But this same way was how US dominated the global economy too
Subtle trade practices sometimes tied to aid and if refused may even attract sanctions.
The US scared that China is going to use the same thing it used against others to edge pass them
Tell me why will Only USD be used for global trade and especially crude oil trade ?
Why?
The same thing you accuse China of.
Westerners and their puppets won't cease to amaze me , because China is paying you back in your own coins we no go hear wor


Abegiii

franchasng:
In economics and trade, we have what is called the supply chain management and model. This ensures healthy trading and balanced economy.

Who makes up the supply chain?

1.) Manufacturer

2.) Distributor(s)

3.) Wholesalers

4.) Retailers

5.) Consumers

The manufacturer sources for raw materials and converts it into finished goods that consumers need.

Distributors help manufacturers to distribute their finished products to the market through wholesalers.

Wholesalers help distributors to reach the market through retail traders.

Retail traders help the wholesalers to sell faster and conveniently to the final consumers. This is how trading supply chain is designed to function to ensure a balanced economy and society.

In order words, you cannot be the manufacturer and still be the retailers selling directly to final consumers, that is a trading deficiency or abnormality that starves off other vital people on the supply chain and can lead to collapse of the economy of a society, that is why it is not encouraged by any working society and the only person that can stop or correct this mistake is the government through adequate trade laws and market policies to ensure balanced and healthy economy of its society.

So if we are to be real and honest to ourselves, citizens of countries that manufacture and produce what another country consumes like the Chinese, are not supposed to be allowed to operate retail trading shops in the countries they export their finished products to, it's a simple economics designed to keep national and global economy and trade balanced.

That is why in our secondary school economics, we were taught about supply chain, which flows from the manufacturer to the distributors to the wholesalers to the retailers to the consumers. These are all vital people on the supply chain that must not be discarded or allowed to be starved off through unhealthy trading activities.

You cannot be the manufacturer and still be the retailer, that is a trading policy abuse, it will squeeze out the other vital people on the supply chain and cause a skewed economy that will affect the society by making one person super rich and the rest extremely poor and dependent but our people are seeing this only from the tribal angle without seeing the bigger issue.

But this isn't the issue or problem.

The Chinese marketers in Nigeria are not the manufacturers nor the manufacturers representatives.
They are ordinary Chinese citizens who saw an opportunity in Nigeria for trading.

What was the opportunity?
The prices of Chinese goods in Nigeria are like usually well above 100% marked up by the Nigerian traders.

So, the Chinese trader come to Nigeria, BUY goods from the same Chinese market and sell at less than 50% mark up.

Of course buyers will go for the Cheaper price which also comes with a better quality as they wouldn't negotiate that the manufacturer produce INFERIOR quality just like Emeka and Chisom would have done.


Now, market is slowing down for the boys at Alaba and market is booming for the Chinese. The Alaba boys think that the Chinese are the problem BUT No! It is their WICKED profit margin that is the problem.

sweerychick:
don't mind them, by the time China would regard them as inferior citizens, and barr them from shopping, na then their eyes go open

at least they won't call us lazy n brag to our faces.

They won't inflate prices because we refuse to vote their brother

With what u lots did in the aftermath of the last election, nobody will want u to hold the monopoly of anything.

Imagine inflating prices deliberately cos your brother lost election

Cos u refuse to work.instead drinking ogogoro and saying tulaah

PulaPower:
It’s rasicm from Igbos towards Chinese..

Imagine that..

QuinQ:
Thank you for your attention to this matter too, but you are wrong. There is nowhere in economics or morality that it is discouraged that the manufacturer sells directly to the consumer. In fact that is the ideal scenario - elimination of the middle man. The only reason you don't see a lot of selling to the final consumer is because of specialization. It is difficult to specialize in both manufacture and distribution. Airlines sell directly to the consumer (the flyer) but they also use middle men (travel agencies) not because they're trying to help them but because they have the specialty to sell more tickets!

As for government stepping in, OF COURSE! There are so many things the government ought step in, including all these loan apps and ponzi schemes!

You are mixing up service providing and manufacturing.

A servic provider like the airline can sell directly to the consumers irrespective of the fact that retail businesses are built around discounted airline fairs which the airline make available to these retailers like Nigeria's wakanow.

Manufacturing is entirely different. Let me know if you wish to learn more.

Their brother Peter Obi always quotes China as an example for Nigeria to learn from in building an economy. Now the China people themselves have come to show us the practicals of what Peter Obi has been saying, but Peter Obi's brothers are the ones angry about it and saying China must go, and Peter Obi himself is keeping quiet and not doing anything about his China friends being driven out of Nigeria. No be Juju be that one?

Our people are too greedy here.... Chinese will sell their products for 5000naira our own will be 12000naira... For price sake Nigerians will want this kind of competition but from what the op is pointing ...it's not good for economics wise..... They the Chinese knows they can't do that in sane society,they are only here to exploit our corrupt system.

Irony1:
The mistake you make is comparing a Chinese guy that controls the supply chain to an igbo man that sources funding from banks at interest rate above 20% and he pays for the goods, pays for the freight and also pays import duty and clearing. The Chinese guy needs not to pay from the factory because he is the producer, the pays discounted freight charges because he owns the supply chain. Bros stop all this hate mongering.

who send u to go to bank?

Who send u to act as middle man?

Guy nobody needs u again, go to your village n continue ripping them off.

Welcoming Chinese traders is a way to get back to u due to the madness u did in the last election, imagine I people deliberately increased prices of goods cos we didn't vote your brother n u even bragged about it to our faces simply because I believe u have the monopoly.

Now we are breaking that monopoly u think u have

Sheuns:
Fear God at least. Retailers and middlemen are the root cause of inflation?
Haba mana.

Yes because they add cut throat profit margins .

Irony1:
See you know the truth but hatred is not allowing you reason well no one is blocking them but they must not play undercutting games in business. Until it affects you, then your eye will clear. Leave wickedness and be human for once.

who are u to tell them they must not play undercutting games?

Once they act legal within the ambit of the law, they can play any game

A trader in Nigeria brings in a product at a total cost of 2000 naira and sells it for 3000 naira.
Another trader goes to China, imports a product at a total cost of 1000 naira and sells it at 2950 naira.
The consumer looks at the 50 naira difference and says "It's just 50 naira. I'd rather not buy a Chinese product because of 50 naira".
Chinese manufacturer set lowe prices to gain advantage over their competitors form other countries, but the greed of the traders wipes out that advantage.
If you were the Chinese, would you fold your hands and continue to endure low volume of goods leaving your factory warehouse or go straight to the consumer and sell at the RRP?

I wish the Chinese can take a bold step and establish their automobile assembly plants in Nigeria.
We need to buy Chinese cars at a reasonable mark up price not the rip-off we are currently experiencing from the car vendors.

It appears these "miscreants" as described by the Lagos police are against capitalism. The South West operates an open and free market economic structure because it gives room to competitions and innovation.
If you're afraid of competing kindly step aside because we are expecting more countries to come in, not just the Chinese.

PulaPower:
There’s nothing like China invasion..

We brought them and gave them free access like we did with every other economic immigrants. There are 36 states in Nigeria incase you don’t like it..

Ordinarily will ignore this.

The only reference I made to any location was the syndrome observed in my time in Port Harcourt about the sub-cultural attitude of retailers on almost every street in almost every community which I don't find comfortable with.

The Chinese have been retailing in Nigeria since the 80's. Nigeria, Nigeria as a whole, from north to south and not only in your enclave so there is no need to feel threatened by my response.

I don't do tribe or language or geography. I always speak nationally because the economy of this country is firmly anchored to our political structure that lends.to a unitary system.

Unbundle that system and no one will care where you are or where you come from.

LadyExcellency:
Many of you who are commenting against the original poster's views are novices. I was appointed as a wholesaler by a Procter & Gamble distributor next to their warehouse. However, you cannot buy directly from them, regardless of how much money you have. They will always direct you to a wholesaler to facilitate the transaction. That’s how the supply chain operates. If Procter & Gamble were a Chinese company, they might undermine their wholesalers, which would lead to unhealthy trade practices.

u dey mind them? People with little or zero knowledge about business go just come here dey cap careless out of hatred for a particular tribe. A manufacturer is not supposed to engage in retailing. You're just suffocating the retailers who buys from u.

Irony1:
I can tell you for a fact that the margins an importer makes is not more than 5% the turnover is where the money comes in. The real cost drivers are the import duty, freight, clearing and distribution. Let us stop this myopic nature. There are laws designed to protect consumers from cartel like practices, has the government every followed them?

guy stop this your bullshit n don't lie to our faces

Don't forget it was vdm that first notice the abnormalities n how u people make triple the price of goods

Don't forget it was what caused issue between him n blord be that

AT LEAST IT IS NOT PROTEST OVER GHANIANS OR NIGER PEOPLE.


AT THE END NA ALL OF US GO SUFFER AM, WEN ALL THE MONEY LEAVE NIGERIA BACK TO CHINA WITH NOTHING LEFT .

In today's digital age and era, the brick and mortar lock up shop is already obsolete.

Amazon has replaced most retail outlets in the US with only big stores like Walmart and Costco still barely holding on because they offer a shopping experience which most Americans are addicted to.

Other than that, manufacturers are now selling directly to their customers or through digital middlemen.

Playstation has finally said they will soon scrap selling digital disks and that all their games for the proposed PS6 will have to be bought through direct digital downloads from their sites.

The most annoying thing about this whole saga is that the Ibo guys source these goods from Chinese warehouses located within the market.

They do not pay any extra cost to move their goods from the warehouse to their retail shops within the markets but they will be adding up to 100-200% profit on their goods.

Is that not madness and greed ?

yesloaded:
You are not into commerce so I don't expect you to understand what op is saying

At the end of the day, Nigerians will be the loser

Nigerians can't b d losers but u greedy middle man who rip us off.

Nigerians aren't d ones crying but d greedy middle man

Deadlytruth:
Their brother Peter Obi always quites China as an example for Nigeria to learn from in building an economy. Now the China people themselves have come to show us the practicals of what Peter Obi has been saying, but Peter Obi's brothers are the ones angry about it and saying China must go, and Peter Obi himself is keeping quiet and not doing anything about his China friends being driven out of Nigeria. No be Juju be that one?

Peter nah failure, bigot & miscreant. What about Oby Ezekwelisi? Another potential bigot. Both of them would have turned to journalist if this protest didnt happen from their own tribesmen..

PulaPower:
I don’t know maybe you’re speaking from Biafra laws but that one concern you..

In SW, Nigeria, all economic migrants have the same liberty here. No time-table or restrictions on any business men/women..

Either you come from a 5hours distance or 20hours distance, every economics immigrants have the same freedom of operation here..

The Chinese in Lagos are also Lagosians, just like every other economic immigrants. No immigrant is more Lagosians than the other..

Our Chinese brothers & sisters are very much welcome in SW, Nigeria!

The greatest problem of the Yoruba is the Igbos...

In fact those people are so problematic to us than the Fulani killing us.

Celestial Church Yoruba Pastor.


🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

FSBoperator:
In today's digital age and era, the brick and mortar lock up shop is already obsolete.

Amazon has replaced most retail outlets in the US with only big stores like Walmart and Costco still barely holding on because they offer a shopping experience which most Americans are addicted to.

Other than that, manufacturers are now selling directly to their customers or through digital middlemen.

Playstation has finally said they will soon scrap selling digital disks and that all their games for the proposed PS6 will have to be bought through direct digital downloads from their sites.

The most annoying thing about this whole saga is that the Ibo guys source these goods from Chinese warehouses located within the market.

They do not pay any extra cost to move their goods from the warehouse to their retail shops within the markets but they will be adding up to 100-200% profit on their goods.

Is that not madness and greed ?

THE MINUTE U MENTION TRIBE, EVERYTHING U WROTE BECAME TRASH.

WEN THEY MENTION BIAFRA U SILL START TALKING NOBODY CAN LEAVE NIGERIA


ALL THIS HAVE MADE MANY TO SEE U AS THE NUMBER PROBLEM AND EVERYTHING WRONG WITH NIGERIA.


I WILL LOVE TO STAY IN NIGERIA IF LAGOS COLONY IS RETURN TO BENIN REP FROM WHERE THEY CAME

BATified2023:
guy stop this your bullshit n don't lie to our faces

Don't forget it was vdm that first notice the abnormalities n how u people make triple the price of goods

Don't forget it was what caused issue between him n blord be that

Oga there's no bullshit. What experience does VDM have in the trade that he is now an authority in dealing with Chinese. Oga just Zip your mouth abeg

BATified2023:
who are u to tell them they must not play undercutting games?

Once they act legal within the ambit of the law, they can play any game

This is something that the Chinese cannot allow another person do in their country. Their communist govt will run you out of business. Stop showing ignorance in HD because the tribe involved is the tribe you love to hate.

Irony1:
This is something that the Chinese cannot allow another person do in their country. Their communist govt will run you out of business. Stop showing ignorance in HD because the tribe involved is the tribe you love to hate.

LET THE CHINESE TRADE GOODS IN LAGOS.


IT WILL HELP FACILITATE BIAFRA EXIT.


A LOT OF THOSE DOING BUSINESS THEIR ARE ANTIBIAFRA WE NEED THEM TO RETURN HOME WITH THOSE BSUINESS AND LEAVE LAGOS FOR CHINESE.

Reloadedisraelp:
Our people are too greedy here.... Chinese will sell their products for 5000naira our own will be 12000naira... For price sake Nigerians will want this kind of competition but from what the op is pointing ...it's not good for economics wise..... They the Chinese knows they can't do that in sane society,they are only here to exploit our corrupt system.

And what is most annoying is that the Chinese warehouses are located within the same market.

It costs the Ibo guys no additional money to move the goods from the Chinese warehouse to their shops but they will be placing premium profits margins as high as 200% on those goods.

The Chinese also have their own targeted sales margins as they might have gotten a deal with the main supplier to buy a specific quantity to get a specific discount.

If they can't move their goods quick enough to order more from their suppliers in china , they risk losing that discount.

So overall, the greedy Ibo traders are an impedinent to Chinese sales and consumer purchasing power.

They are not in anyway needed .

BATified2023:
who send u to go to bank?

Who send u to act as middle man?

Guy nobody needs u again, go to your village n continue ripping them off.

Welcoming Chinese traders is a way to get back to u due to the madness u did in the last election, imagine I people deliberately increased prices of goods cos we didn't vote your brother n u even bragged about it to our faces simply because I believe u have the monopoly.

Now we are breaking that monopoly u think u have

You are really filled with hatred in your heart and you think you are doing igbos they definitely are saying this to let people know not because there is no contingency plans.
You are so filled with hatred, you are emotionally unwell, go and seek help. Those that did Rwanda genocide all faced firing squad, if you think you will escape when similar happens in Naija you are joking.

LadyExcellency:
Many of you who are commenting against the original poster's views are novices. I was appointed as a wholesaler by a Procter & Gamble distributor next to their warehouse. However, you cannot buy directly from them, regardless of how much money you have. They will always direct you to a wholesaler to facilitate the transaction. That’s how the supply chain operates. If Procter & Gamble were a Chinese company, they might undermine their wholesalers, which would lead to unhealthy trade practices.

Simply say that's P&G choses to operate but nowhere in a free market economy that Nigeria operates can you say a manufacturer can't do retail!

Dangote comes to mind: when marketers like you wanted to frustrate him...he brought in his CNG tankers and all is history!

When VDM dragged BLord cause of his phone specs and outrageous prices, people like you said he was envious and should compete if e easy, he has put his money where his mouth is and Nigerians have another option-the more the merrier!

Let everybody compete for the attention of 120million plus Nigerians.

Stolen:
LET THE CHINESE TRADE GOODS IN LAGOS.


IT WILL HELP FACILITATE BIAFRA EXIT.


A LOT OF THOSE DOING BUSINESS THEIR ARE ANTIBIAFRA WE NEED THEM TO RETURN HOME WITH THOSE BSUINESS AND LEAVE LAGOS FOR CHINESE.

For even writing in caps it shows how small you are in reasoning. Biafra exit as if other tribes to do not shop in Aspamda too. I really pity you guys una no know the danger wey dey loom

Irony1:
You are really filled with hatred in your heart and you think you are doing igbos they definitely are saying this to let people know not because there is no contingency plans.
You are so filled with hatred, you are emotionally unwell, go and seek help. Those that did Rwanda genocide all faced firing squad, if you think you will escape when similar happens in Naija you are joking.

THEIR HATRED IS STILL LEARNING WORK FOR WHERE MY OWN DEY.


I USE TO LIKE YORUBA GIRLS BEFORE.

NAIRALAND HAS MADE IT SO BAD THAT I CANNOT EVEN STAND THEIR WOMEN.


THAT IS HOW BAD IT HAS GOTTEN IN THE REAL WORLD FOR ME SINCE BEING ON THIS SITE.


I DONT WANT NOTHING TO DO WITH THEM

franchasng:
In economics and trade, we have what is called the supply chain management and model. This ensures healthy trading and balanced economy.

Who makes up the supply chain?

1.) Manufacturer

2.) Distributor(s)

3.) Wholesalers

4.) Retailers

5.) Consumers

The manufacturer sources for raw materials and converts it into finished goods that consumers need.

Distributors help manufacturers to distribute their finished products to the market through wholesalers.

Wholesalers help distributors to reach the market through retail traders.

Retail traders help the wholesalers to sell faster and conveniently to the final consumers. This is how trading supply chain is designed to function to ensure a balanced economy and society.

In order words, you cannot be the manufacturer and still be the retailers selling directly to final consumers, that is a trading deficiency or abnormality that starves off other vital people on the supply chain and can lead to collapse of the economy of a society, that is why it is not encouraged by any working society and the only person that can stop or correct this mistake is the government through adequate trade laws and market policies to ensure balanced and healthy economy of its society.

So if we are to be real and honest to ourselves, citizens of countries that manufacture and produce what another country consumes like the Chinese, are not supposed to be allowed to operate retail trading shops in the countries they export their finished products to, it's a simple economics designed to keep national and global economy and trade balanced.

That is why in our secondary school economics, we were taught about supply chain, which flows from the manufacturer to the distributors to the wholesalers to the retailers to the consumers. These are all vital people on the supply chain that must not be discarded or allowed to be starved off through unhealthy trading activities.

You cannot be the manufacturer and still be the retailer, that is a trading policy abuse, it will squeeze out the other vital people on the supply chain and cause a skewed economy that will affect the society by making one person super rich and the rest extremely poor and dependent but our people are seeing this only from the tribal angle without seeing the bigger issue.

GOD BLESS YOU FOR THIS POST.

You said the absolute truth.

The uninformed think it's just about buying things cheaper, but it's much deeper than that.

If Nigeria was working and we were producing most of what we need, who are the Chinese to come and start retail trading here?

Irony1:
This is something that the Chinese cannot allow another person do in their country. Their communist govt will run you out of business. Stop showing ignorance in HD because the tribe involved is the tribe you love to hate.

Liar.

In Onitsha you will never see a non Ibo trader in your market because you guys will never tolerate it and when pressed why there are hardly any non Ibo trader in your markets you will say they can't compete with you Ibos in trade.

The Chinese have come prepared for you guys and you are now telling us crap about how you are not allowed to trade in china.

Can you tell us that there are no Ibo businesses in china ?

That ibo lady that died suddenly in her shop in china nko ?