₦airaland Forum

franchasng:
Of course Temu is doing that for your guys already na lol



Ghanaians, Togolese, etc can come into Nigeria and trade and compete with Nigerian traders but not Chinese merchants being empowered and sponsored by Chinese governments to edge out local traders in different countries targeted at helping China offload it's stockpile of finished goods and to empower more Chinese to meet the Chinese governments set target to end poverty completely in China



Try and understand the topic we are discussing. I am not against competition but let it come from among Nigerians and foreigners from less productive nations not Chinese who have designed an unhealthy and unethical trade practices sponsored by Chinese government to take over global trade and push many nations to economic abyss

Chinese are not foreigners again? Hmm

Oh because you cooked up that tales by moonlight story that "they are sponsored by their governments" without any proof, we should believe you?

Please don't start feeling me stories about the Chinese nation trade strategy and mind you this isn't exclusive to the Chinese! Every country seeks such whether overtly or covertly! This your "government sponsored line" is blatantly false abeg!

Wait, isn't this the everyday bread and butter mindset for the average Igbo business man!

We want competitive market prices-period and if anybody (whether foreigner or not) will deliver that, so be it!

franchasng:
Of course Temu is doing that for your guys already na lol



Ghanaians, Togolese, etc can come into Nigeria and trade and compete with Nigerian traders but not Chinese merchants being empowered and sponsored by Chinese governments to edge out local traders in different countries targeted at helping China offload it's stockpile of finished goods and to empower more Chinese to meet the Chinese governments set target to end poverty completely in China



Try and understand the topic we are discussing. I am not against competition but let it come from among Nigerians and foreigners from less productive nations not Chinese who have designed an unhealthy and unethical trade practices sponsored by Chinese government to take over global trade and push many nations to economic abyss

Hmm perhaps you are the one not understanding the topic you brought up. And let me tell you as a person who has lived all over Asia for the past 14 years, the whole business environment in Nigeria is a bunch of cartel like villains who are purposely out to exploit the average Nigerian. There is no stopping the Chinese from being retailers as long as there are proper guard rails and barriers to entry like adequate consumer protection, business visa for such individuals should be based on number of locals directly employed by them, industries and things they are allowed to trade should be explicitly specified by the government (which is easier to track if the corruption which some people have benefited from for years do not exist in our ports). The way forward is not to fear change but to adopt change and set boundaries accordingly and making sure we protect the core tenants of society like our agricultural sector, land, and security infrastructure. I have personally seen how this cabal gang up against any Nigerian national who dares to import things and sell it at a fair price rather than price gouging the consumers, this can’t keep happening, I’m telling you I buy imported American products in Asia far cheaper than Nigerians buy goods produced cheaply in China. In what world is a 300% percent mark up even ethical? You people call it being smart? Well this is the result. Next sector mark my words is the Nigerian Aviation sector, greed in all our sectors must be addressed, if Nigerians are going to continue extorting fellow Nigerians, foreign nationals are more than welcome to take over the sector. Where we not in this same country when some people were changing dollar rate based on the side of the bed they woke up? Or we don’t know what happened to the price of rice once FG decided to open up importation again. There is the banter and there is reality, the market might not change today but it’s 100% going to change.

erad:
You can't tell me anything for a fact. The fact that you feel obligated to defend all of the extortion says a lot already. The same importation I've done before and still have people around that do? Lol. You people are not real.

You saw him supporting extortion and you are surprised? Go through the OP's post history of like two, three months ago. In an exchange with another user, you'll see where he was making a case for why one of the leading presidential candidates from his ethnic stock had to hide taxes from the UK government. He said the UK government charges too much tax. You can fact-check me on this.

Is like you don't know these people. They share similar idealogy with the northerners. That is why I have always maintained that both should have been sharing a country. You will recall our NSA some months back calling bandits our brothers? It is the same with them. Once it is anybody from their ethnic stock or it has anything to do with their ethnicity or its interests/agenda, they just defend it, regardless of how ridiculous they come off in the process of doing that.

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


Chinese government encourages this unhealthy trade practice and competition as a subtle way to take over global trade and economy to cater for their over a billion population as they have set a target to end poverty in China. No sensible nation will allow China to use her citizens to uplift Chinese citizens to the detriment of her own citizens welfare and survival. Every nation protects her own and not expose them to unhealthy trade competition where they become vulnerable and lose out at the long run, that will be shooting yourself on the leg.





For those who don't know, let me enlighten you guys a bit.


Chinese government will sponsor different Chinese citizens to different countries to go bring business ideas and when they return, Chinese government issue them huge loans at discounted or zero interest rate and they use the money to start mass production of the product they have researched abroad and then Chinese government will support them with more cheap loans that sometimes come at zero interest so long as they employ only or mostly Chinese and they use these huge capital advantage to penetrate different countries' markets, especially African countries where they then open massive trading warehouses and sales outlets to sell their cheap manufactured products sponsored by Chinese government that help them to mass produce and export abroad at virtually zero cost which gives them undue advantage and leverage over foreign retailers in their destination countries.




If this is allowed to continue unchecked, it will push so many retail and wholesale traders in African countries to economic abyss and it will affect the countries as their indigenous population that depend on local wholesale and retail trading will be pushed out of business and they end up unemployed and broke. But unfortunately, some Nigerians are only seeing this from the tribal angle that yes let Chinese replace Igbo traders thinking it will affect only Igbos without knowing that even their tribe now have millions of traders too and with time it will destroy the entire Nigerian economy.



Nigerian government really need to checkmate the activities of these Chinese merchants coming into Nigeria to open retail trading shops. These Chinese guys engaged in a lot of unhealthy trade practices, including tax evasion and taking advantage of our corrupt system to evade paying tax or paying the correct amount of tax while they pay full tax to their Chinese government.


Chinese government are backing most if not all of them with zero interest loans and other trade supports including helping them to export their goods to their destination countries at massively discounted shipping and export duty cost compared to foreigners that go to China to import goods.



America saw this Chinese government wuru wuru and Trump imposed heavy tax on Chinese imported products.



Another way Nigeria can checkmate them is through heavy taxation and ensuring full trade and tax compliance because most of them don't pay tax, and the ones that manage to pay exploit our corrupt system and the officials to pay very low tax compared to their trade turnover, and sometimes they force Nigerian buyers to pay them in USD to their Hong Kong domiciled dollar accounts when buying in bulk just to ensure they avoid paying tax to Nigerian government and our people are ignorantly hailing them all because of tribalism, una go later learn in Nigeria.


Nigerian government needs to wake up fast before it becomes too late, thank you all for your attention to this matter

The truth is, some yorubas hate for the igbos will consume not just the southwest but Nigeria if care is not taken. This is how they celebrated Buhari victory and later Tinubu, today Nigerians buy goods and. Services more expensive and life have become harder. Celebrate the Chinese invasion today but don’t cry tomorow because china can never mean well for you entirely. Mark this words. China will be glad to see gain more space in Nigeria since we have opened the door wide for them to come and take over. The govt have continuously make life difficult for Nigerians but no it is always pointed at the igbos instead

Consequences of a free market.

zinowealth:
The truth is, some yorubas hate for the igbos will consume not just the southwest but Nigeria if care is not taken. This is how they celebrated Buhari victory and later Tinubu, today Nigerians buy goods and. Services more expensive and life have become harder. Celebrate the Chinese invasion today but don’t cry tomorow because china can never mean well for you entirely. Mark this words. China will be glad to see gain more space in Nigeria since we have opened the door wide for them to come and take over. The govt have continuously make life difficult for Nigerians but no it is always pointed at the igbos instead

Apparently only the Yorubas hate you, why not try Kano market? Better still as you don claim port harcourt (igweocha) is there with a functioning port (Onne), all it takes is one Igbo businessman like Dangote to expand the port in Delta which is also functional. If you really feel the hate of the same people who have been your customers for decades, you can move to these places. Yoruba decision to stop buying goods at 300-400% mark up shouldn’t bother you too much, I’m sure in a country of 250 million people you will find new consumer base. E come be like say this government no Dey favour some people, imagine complaining that things are expensive and yet blaming people who simply don’t want to be extorted by money na water folks? Wow the cognitive dissonance is astounding

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

In my opinion, they contribute significantly. Let me read your argument please

FSBoperator:
There's a Chinese owned quarry in Abuja that mines limestone chippings.

Do you know that the tipper guys who work independently at the quarry site will collaborate with the scale operator to not fill the truck with the 40 Tonnes capacity load which goes for about 400k. They will arrange with the scale operator to reduce the payload by as much as 10 tonnes.

If they have a consignment contract to supply 10 truck loads, they will be ripping their clients by as much as 100 tonnes which is equivalent to 2 and half truck supply amounting to as much as #1,000,000.

The Chinese found out about this unwholesome practices because they noticed more truck movement into their quarrt but less limestone being hurled from their site.

The Chinese sacked the Nigerian operators and had one of their own mounts the scale operations.

The Chinese are only interested in making sales and if any one in the chain of their operations is undermining sales , the Chinese will find a way to cut them out.

This scenario I wrote here applies to the Ibo traders who get their goods from Chinese warehouses at the market but can't move them fast enough because they put too much profit on top.

The Chinese saw that this was slowing their inventory sales and so cut the Ibos out of the mix and started selling directly.

If I had a distribution company , I will prefer to partner with a retailer who can move my goods and fast as possible so I can order more inventory and so make quicker turnovers

The Ibo traders have become an impedinent to Chinese sales operations and so the Chinese cut them off.

There is nothing wrong with what the Chinese are doing and it is far better for our import based economy that goods are cheaper for the consumer overall.

This is very true !

Most Nigerian traders like excessive profit.

Trash write up, very trashy, and this made it to FP? I can manufacture and still do marketing myself if I have the will. This is what Dangote is doing in terms of Cement and trying to do in the petroleum sector to avoid sabotage like we currently have.

Our people should come together and manufacture cheap products that can compete with the Chinese products too or our people should stop the greed of fleecing consumers like they're currently doing.

Nigerians are just too greedy, they want to make all the profits at once.

VDM raised this concern and he was heavily insulted and threatened and the Chinese are just now exposing this wicked greed of our people.

I don't like the Chinese because they're crook but anything to bring down the prices of things is welcome.

Don't cut your nose to spite your face

Some Yoruba commenters here are making this look like an anti-Igbo issue. Yes, it is a free market but we should be weary of the Chinese. There are Yoruba traders in Lagos too!

I pray we don't start behaving like the South Africans in a few years to come when the Chinese completely colonize our economy and labour market

FreeStuffsNG:
OP, you are coming off as being untruthful.

The chinese found out that the middlemen were slowing down sales with margins that make their products uncompetitive and not sell fast. If you want to compete with them, build your own manufacturing and sell at lower prices.

Government did the right thing by allowing them to flourish in a free market. Lagos is not Ghana or South Africa were foreigners were harrangued and molested till they were disposessed of their market.

When you were told to spend time in school to build expert knowledge, this is it staring you in the face. Importer and exporter or trading is not a specialized niche, you can be easily replaced.

I remember those days some Igbo shops will just show up next to Yoruba and Hausa shops in this Lagos and within few months, the Yoruba and Hausa shop owners will close shop! It is later that we will find out that the Igbo shop was deliberately selling at cheaper and unprofitable price to take the market and after forcing them out, he will return to normal price and by then he is in debt and few months later he will close up too!

The chinese are not lowering cost to undermine others, they are cutting off the 'importers and exporters'/ traders and that is capitalism.

Trader can be replaced. That is the truth!

When we intentionally destroy ourselves because of hatred to others, we soon find out we lost our control. Even in the same China, you cannot establish retail store to complete with locals. Tomorrow, what you support for myopic political reasons will hurt you. Today, it is ASPAMDA, tomorrow they will grow into other markets and chase out all those selling laces and other clothing material in Isake-Eko. I hope you won't complain.
The Igbos are resilient people, they can easily metamorphose and break out, I hope the woman in Isake-Eko can.

erad:
You can't tell me anything for a fact. The fact that you feel obligated to defend all of the extortion says a lot already. The same importation I've done before and still have people around that do? Lol. You people are not real.

Oga just keep quiet. This format of lying is stale, look for another scope to use. You are the fake one here. Lying about about entering importation just to sell a bigoted agenda.

FSBoperator:
Then they should move to Onitsha if they don't want to be near the Chinese

Oga they are not going anywhere. Leave tribalism and bigotry

Rebelutionary:
Ok sir...but since the Chinese are staying all is well! Have a great day!

So are the igbos staying too and have a nice days as well.

Lovit:
Don't cut your nose to spite your face

Some Yoruba commenters here are making this look like an anti-Igbo issue. Yes, it is a free market but we should be weary of the Chinese. There are Yoruba traders in Lagos too!

I pray we don't start behaving like the South Africans in a few years to come when the Chinese completely colonize our economy and labour market

Hence why the government will provide guardrails like making visa dependent on how many locals you employ ( this is a reciprocal visa policy as the Chinese also apply the same law), consumer protection policies to curb any excesses and restrictions on sectors they are allowed to delve into. If you call it an anti-Igbo issue well that’s your opinion but as in their usual style they have failed to properly come out before Nigerians united under one person to articulate what will be done about the prevalent price gouging. Are we just meant to live under a regime of ridiculous mark ups just because we don’t want to offend the precious igbos. P.S the only thing wrong with South Africa is the lazy blacks living there, South African economy is still much better than the Nigerian one despite the ANC mismanagement, Nigerians are not lazy. people

Irony1:
Oga just keep quiet. This format of lying is stale, look for another scope to use. You are the fake one here. Lying about about entering importation just to sell a bigoted agenda.

Lol... You know importation is now rocket science that only certain people can do. Nah only una sabi do am. As China sef don come, nah only them sabi do am. If you think anyone will create new laws to protect economic vultures and unethical saboteurs, dey play.

Validated:
When we intentionally destroy ourselves because of hatred to others, we soon find out we lost our control. Even in the same China, you cannot establish retail store to complete with locals. Tomorrow, what you support for myopic political reasons will hurt you. Today, it is ASPAMDA, tomorrow they will grow into other markets and chase out all those selling laces and other clothing material in Isake-Eko. I hope you won't complain.
The Igbos are resilient people, they can easily metamorphose and break out, I hope the woman in Isake-Eko can.

I think we will anxiously wait for the day then, I don’t know Yorubas are so loved like this? Suddenly everyone cares about the plight of the Yorubas. If your brothers are serious in China, there is nothing stopping Africans especially Nigerians opening up a business in China, follow the rules, employ locals, pay their social security, and rent a suitable spot. No be to Dey move around Asia selling you know what

sammiewrite:
You saw him supporting extortion and you are surprised? Go through the OP's post history of like two, three months ago. In an exchange with another user, you'll see where he was making a case for why one of the leading presidential candidates from his ethnic stock had to hide taxes from the UK government. He said the UK government charges too much tax. You can fact-check me on this.

Is like you don't know these people. They share similar idealogy with the northerners. That is why I have always maintained that both should have been sharing a country. You will recall our NSA some months back calling bandits our brothers? It is the same with them. Once it is anybody from their ethnic stock or it has anything to do with their ethnicity or its interests/agenda, they just defend it, regardless of how ridiculous they come off in the process of doing that.

It's very easy to know where they belong once they open that mouth to amplify their rotten mindset. They don't care if Nigeria burns and Nigerians are feeding on sand, as long as they can cash out. Very warped and wicked mentality.

Irony1:
They don't rip you off they do business and do it well. Stop allowing hatred to cloud your mind. Leave hatred alone, no one has ripped you off in business

Now the Chinese is here to do it better. So stop allowing 8tred to cloud your mind.

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.

This is the truth and nothing but the truth.
But tribalism won't allow some people say the truth

Iceberg3:
0/100

And we thought this one had something intelligent to say!

Others are talking,me too I must talk

Genius the post wasn't meant for people like you. It was meant for people who can somewhat understand what they read, actually articulate a thought, and formulate a somewhat reasonable response

BATified2023:
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

so you have acknowledged that you're lazy abi? Anyway me I even love it, because it will force Igbo business to focus home.. let them leave Lagos., enjoy your Chinese business men

Atheistan:
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.

Ridiculous. Absolutely no difference. Oya, companies like Apple and Samsung sell directly to the consumer. Now what?

franchasng:
You guys don't get it. Igbos are not from a heavily industrialized nation that manufactures most of what the world buys.


The competition that should be encouraged is among Nigerians. Let more Nigerians go into trade and compete to bring down prices to market need not praising Chinese invasion of your economy; the same Chinese that produces the product and stand at huge advantage, they will squeeze out your local traders and cause mass unemployment and poverty in Nigeria if they allowed unchecked for years, watch and see. The only reason some Nigerians are celebrating and encouraging this is nothing but extreme tribalism which will still affect them later on.

I assume you are an educated person.
Give me data where let's say Igbos went to another African country and out compete locals and it led to mass poverty.
Rather it has shown to create mass prosperity via new opportunities.

The fall of Nokia did not equate fall of smart phone.

If I follow your argument, let's Ghanian compete with Ghanians, let South Africans compete with south Africans it will lead to mass prosperity. News flash, it won't.

Igbo traders need to evolve. Let's the Chinese players play. At the end it favours Nigeria as a whole

If you go to the Republic of Benin, there are so many foreigners selling goods there, like Lebanese, Indian and others

There's nothing special for Chinese traders trading in Nigeria.

Atheistan:
You were making sense about the remittance untill you allowed hate come into your mind.

If Igbos are doing business and remitting back to Nigeria is that not a win for Nigeria?
Where do you think the chinese sellers remit to? Is that not a lose for Nigeria?

You guys need to think, and by the way there is Kemi who is selling Nigeria out just to rule UK so don't come with double standards.

Igbos should compete with Chinese.

Chinese should come and build refinery and compete with Dangote.

Nigerians tend to love oppressing their fellow Nigerians.

You will be shocked that Chinese refinery can be selling fuel for N300 and Dangote selling 1400 will be shouting they are taking our business.

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. We practice a free & open business economics..


Either you come from a 5hours distance or 20hours distance, every economic 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! They’re free to deal in wholesales, retails, cowtail, legtail and all form tails in both shops & outlets..

You skipped "monkey tail".......very necessary "tail"....

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

Yorubas are celebrating with the mistaken belief it will affect only Igbo traders. The first people to suffer it are the few of them that don't have the financial and other support most of those Igbo importers have.

In most countries in the world, there are laws against foriegners opening retail shops, it is to protect the local economy. The level of tribalism in this country is unbelievable. This Nairaland has become the number one platform where people can express their hatred, sometimes protected and promoted by the MODs. How can people be this naive to the extent of supporting something that will hurt them?

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. We practice a free & open business economics..


Either you come from a 5hours distance or 20hours distance, every economic 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! They’re free to deal in wholesales, retails, cowtail, legtail and all form tails in both shops & outlets..

The reality will soon down on you and maybe by then, it's already late....