₦airaland Forum

"Recently I was telling a friend that Cool FM, Wazobia FM, Nigeria Info, Wazobia TV, Cool Link, Chocolate Royal etc, are all owned by an individual.
The guy shouted that this couldn't be true!
When I further told him that these companies were owned by a Lebanese, the guy almost punched my fine face (make I show myself small. Lolz).
Most Nigerians currently feel like hanging Mr. President.
Particularly, the importers, due to the dollar rise. I've been feeling the same way too, until I had an encounter with a Chinese guy, and I've since realised that i was just naive.

This Chinese guy has a factory where he manufactures furniture here in Nigeria.
One of his raw materials is wood, which he sources from Nigeria, because Nigerian wood is cheap and of the best quality.

But he has to import other accessories.
One of the amazing things he however does, since the rise of the dollar, is that the guy has been importing accessories, yet he has not increased the price of his products.

How come?
This guy has put his wife in charge of the factory, while he spends most of his time in Shagamu, Ogun State, buying timber and exporting to China.
The money from the exported timber that was supposed to be transferred back to him here in Nigeria, is being used to buy the furniture accessories he uses for production.

By so doing, he doesn't need to buy dollar.
So he said: "Emmanuel, I don't have problem with dollar rising to N500...because I don't need it for anything."
He said his Indian friend does the same thing with ginger export.

While the only thing we Nigerians do is exporting our complaints on social media.
So the Indians and the Chinese are busy coming up with strategies that have defied the dollar challenge, while we Nigerians are shouting 'dollar is high'.
Well...here's food for thought o, my fellow Nigerians.Copied from a friend's post on palmchat

ayobami52:
"Recently I was telling a friend that Cool FM, Wazobia FM, Nigeria Info, Wazobia TV, Cool Link, Chocolate Royal etc, are all owned by an individual.
The guy shouted that this couldn't be true!
When I further told him that these companies were owned by a Lebanese, the guy almost punched my fine face (make I show myself small. Lolz).
Most Nigerians currently feel like hanging Mr. President.
Particularly, the importers, due to the dollar rise. I've been feeling the same way too, until I had an encounter with a Chinese guy, and I've since realised that i was just naive.

This Chinese guy has a factory where he manufactures furniture here in Nigeria.
One of his raw materials is wood, which he sources from Nigeria, because Nigerian wood is cheap and of the best quality.

But he has to import other accessories.
One of the amazing things he however does, since the rise of the dollar, is that the guy has been importing accessories, yet he has not increased the price of his products.

How come?
This guy has put his wife in charge of the factory, while he spends most of his time in Shagamu, Ogun State, buying timber and exporting to China.
The money from the exported timber that was supposed to be transferred back to him here in Nigeria, is being used to buy the furniture accessories he uses for production.

By so doing, he doesn't need to buy dollar.
So he said: "Emmanuel, I don't have problem with dollar rising to N500...because I don't need it for anything."
He said his Indian friend does the same thing with ginger export.

While the only thing we Nigerians do is exporting our complaints on social media.
So the Indians and the Chinese are busy coming up with strategies that have defied the dollar challenge, while we Nigerians are shouting 'dollar is high'.
Well...here's food for thought o, my fellow Nigerians.Copied from a friend's post on palmchat

mumu so na because of dis u go open thread.

pls tel me do we have steel industry in Nigeria

eleganza plastic also have to buy polymer for to make plastic if our refinery n petrochemical industry are functional who would complain.

and my friend both u and does ur Indian n Chinese friends are liars.

dollar rise does not only affect cost of production but also payment of salaries, tax,logistics n mobility.

ayobami52:
"Recently I was telling a friend that Cool FM, Wazobia FM, Nigeria Info, Wazobia TV, Cool Link, Chocolate Royal etc, are all owned by an individual.
The guy shouted that this couldn't be true!
When I further told him that these companies were owned by a Lebanese, the guy almost punched my fine face (make I show myself small. Lolz).
Most Nigerians currently feel like hanging Mr. President.
Particularly, the importers, due to the dollar rise. I've been feeling the same way too, until I had an encounter with a Chinese guy, and I've since realised that i was just naive.

This Chinese guy has a factory where he manufactures furniture here in Nigeria.
One of his raw materials is wood, which he sources from Nigeria, because Nigerian wood is cheap and of the best quality.

But he has to import other accessories.
One of the amazing things he however does, since the rise of the dollar, is that the guy has been importing accessories, yet he has not increased the price of his products.

How come?
This guy has put his wife in charge of the factory, while he spends most of his time in Shagamu, Ogun State, buying timber and exporting to China.
The money from the exported timber that was supposed to be transferred back to him here in Nigeria, is being used to buy the furniture accessories he uses for production.

By so doing, he doesn't need to buy dollar.
So he said: "Emmanuel, I don't have problem with dollar rising to N500...because I don't need it for anything."
He said his Indian friend does the same thing with ginger export.

While the only thing we Nigerians do is exporting our complaints on social media.
So the Indians and the Chinese are busy coming up with strategies that have defied the dollar challenge, while we Nigerians are shouting 'dollar is high'.
Well...here's food for thought o, my fellow Nigerians.Copied from a friend's post on palmchat

The Igbos on Nairaland suggested this idea months ago.

giles14:
mumu so na because of dis u go open thread.

pls tel me do we have steel industry in Nigeria

eleganza plastic also have to buy polymer for to make plastic if our refinery n petrochemical industry are functional who would complain.

and my friend both u and does ur Indian n Chinese friends are liars.

dollar rise does not only affect cost of production but also payment of salaries, tax,logistics n mobility.

Ode must you insult when making your opinion

The dollar rise will not affect the Chinese, Lebanese or any foreign business concerns, they can always access dollars from their home countries, they arent suffering any restrictions.

You cant compare them to our local manufacturers who have to deal with dollar scarcity, high tariffs, poor infrastructural, multiplicity of taxes and a very irresponsible government that has not drawn up any policy to favor local manufacturing.

Instead the govt prefers to concession national assets at the expense of the country's economic well being.

When indigenous people set up factories they face a herculean task , no wonder so many of them fail.

Maximum83:
Ode must you insult when making your opinion

pls forgiveness I seek.op make u no vex

giles14:
mumu so na because of dis u go open thread.

pls tel me do we have steel industry in Nigeria

eleganza plastic also have to buy polymer for to make plastic if our refinery n petrochemical industry are functional who would complain.

and my friend both u and does ur Indian n Chinese friends are liars.

dollar rise does not only affect cost of production but also payment of salaries, tax,logistics n mobility.

I don't think it's a crime for writing what I feel, it's my opinion