₦airaland Forum

The thinking capacity of an APC data boy is seriously low.

Did Dangote build a $20b refinery just to service the Nigerian market?

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.

I don’t understand why people just like to lie in God’s name.

Take the money if you want to and don’t say you’ll wait for God’s direction on how to use it.

Is money printed in heaven?

Some said it’s Yoruba culture to prostrate before elders.

Same Yoruba culture says “Prostration isn’t a sign of good behavior”

Return fuel subsidy. Make life easier for Nigerians. The so called governors are spending $800M on airport that looks like a village bus station.

I move Monday to Sunday from FESTAC to surulere. A full tank lasts barely over a week.

94k for full tank. How much I Dey earn? I no go feed? My family no go feed?

Baxilexi:
And that’s why I don’t believe in the hostile slave trade narrative. These are the same people that would’ve gladly sold their kitt and kins to the white man for ephemeral gains.

Blacks sold their fellows to slavery for money and shiny gifts.

Similar played out yesterday in trade fair where police called protesters “miscreants” because they voiced out about Chinese individuals with factories coming to set up retail stores within the market.

FSBoperator:
Median price of fuel in the EU is around €2.60

That's more than #4,000.

Bulgaria has the lowest wage in the EU at €620 per month. That’s 1,240,000 Naira.

Nigerians and our “herd mentality”.

Once someone does something, everyone copies it.

Instead make una maintain una thrones and stay neutral, Una go Dey find disrespect.

I Dey enjoy this series.

Many saw it coming.

Wike will destroy APC.

Wike is cooking for everyone. When everyone decides to cook for Wike, hope he finishes the food.

Mccullum:
Saudi leaders are not realist, hence they found themselves on this situation.

Why did they intervenes in internal affairs of Yemen by taking side in politics of the country. Now the popular government within the country pounding the Kingdom of Saudi Arabia. She and her allies called them terrorists because they don't like them due to majority of the houthis are shia Muslims, few are suni Muslims.

The Quran also warned Muslims to know who they can choose as trusted allies, Houthis fighting deadly to gain control of more territories which also affects Saudi, US reluctantly refuse to assist them under the excuses of having cease fire agreements with Houthis since May of this year, the agreement that stopped Houthis from attacking Israeli's chartered vessels.

It's now clear to Saudi now that the US priorities security of Israel than theirs. Even Trump is presently confused because of the fear of having two war fronts at the same time, same thing Israel avoided that made her left US against Iran after they jointly started the war and concentrated on Lebanon with the hope of defeating Hisbulah just like they defeated Hamas in Gaza.

International politics is a game of interest and priority, until when Golf leaders becomes realists, their present security ideology will continue to destroy their peace and socio-economy development.

What’s going on among the Muslim Nations can be called the 3rd Fitna.

The time for Saudi to be taken by another dynasty is getting nearer. The name may revert back to Hejaz or named after the new taker.

rossipki:
LAGOS HAS A 25 MILLION POPULATION.

HOW DARE YOU COMPARE IT TO YOUR BACKWATER IN ASABA?

Those 3 bridges were not built by your demigod though.

Wickedfacts:
Very good.

What's the economic viability of those 3 bridges and what's the economic viability of the 2nd Niger bridge?

What is the IGR of the entire SE and what's the IGR of Ikeja LGA, Mushin and Oniru LCDA alone?

It is long-throat that made the SE demand for the 2nd Niger bridge.

IGR is not a measure of development.

With all the IGR since 1999 till date, Lagos cannot boast of having good road connectivity. A single LG in Lagos in APC 27 years despite the huge IGR cannot boast of having all its roads paved.


So what’s the point of IGR if it all goes back to servicing a few politicians?

Emancipate yourself from slavery.

So Mr. Dangote is trying to tell us that the share prices could appreciate by 1805% in 2 years?

This is meme coin then.

Wickedfacts:
The biggest and most unnecessary project in the history of this country is the 2nd Niger bridge.

Why should there by 2 bridges across 1 river?

GEJ knew how unnecessary the project was and he put sand there and abandoned the project.

“ Why should there by 2 bridges across 1 river?”

The Lagos Lagoon has 3 bridges that connects it from the mainland to the islands.

There’s no white elephant project as large as the coastal highway you are splurging trillions on.

Leaders should lead by example.

2027 never near and the house of cards are falling apart.

He has since shifted goalposts because he thinks he stands a chance of being the first Igbo president.

Two faced and multi mouthed human.

Should APC lose the presidential elections, expect many incumbent APC governors and aspirants to lose their elections.

Isn’t he the most powerful person in the country?

Why can’t he go after those disrupting his government?

Why’s he afraid? Doesn’t he call himself bold and stubborn?

Their supporters would say the “terrain” in Nigeria is different from those countries you mentioned that’s why it costs more to build.

Flesh10:
This mindset is why for long I didn't even think of owning stocks.

Bro you nailed it. It's a waste of timing putting your 100k or 200k in stuffs like this and hoping to be successful with it tomorrow.

You are up against people investing billions that even a 0.5% price movement fetches them millions of dollars in profit but someone with 200k or 1m may need to wait for a 600% price move to see significant gain and Jesus may return before that happens. Even the dividends they pay with your 2m invested your dividends may not exceed 30k when they pay.

Stock market is not for poor people. You need to go in with alot so that a little price movement can fetch you enough profit that you will smile to the bank

You understand the stock market, it is just like those memecoins shat. You need large volume of money to earn decent profits. 100k, 1m? Just use your money buy land.

I wonder why our journalists cannot immediately correct false narratives these government and party officials give on live television.

tollyboy5:
The Chinese retailers will help us avoid fake products!
Go to Alaba and many places. Fake tvs everywhere.
That is what the Chinese retailers will stop. Lagosians can enjoy the value of their money after years of fake products patronage.
Those that can’t stand competition should close down.
This is Lagos!

Where do you think the fake products come from?

You guys have no idea what you’re supporting.

Mynd44:
When the local South Africans said this, you tagged it xenophobia. You see how things are from the other perspective now?

You’re a mod. Pls tagged where you ever saw me speak for or against what the South Africans were doing.

The Chinese should be restricted to factory establishments only in Nigeria.

You can’t just allow them come to start doing retails and clearing out competitors that don’t have as deep pockets as them.

Na so una do take kill SMEs all in the name of looking for Foreign investments.

To those of you saying it’s good because it affects a tribe. All I’ll tell you is don’t worry. No Nigerian retailer or wholesaler can compete with the Chinese if this isn’t stopped. Even those of you that sell voile lace, Ankara, and other native fabrics won’t survive this. There’s nothing sold here in Nigeria that’s not coming in from China. They will out sell every one of you and put you out of business.

Shey they’re already marketing and selling Chinese made cars directly here? E go touch everybody round.

Bizibi:
Hehehehe.....oga you owed my friend family company when you got in as a governor,stop this holy holy attitude.

Nigeria governors are fond of doing it after they are sworn in so it is not a new thing in Nigeria. I am even facing the same issue in fcta over payments.

Just present the evidence. Not too hard to do since it’s your “friend family”

It seems some of you aren’t thinking well.

Peter Obi has not been in government since 2014. He is known to be a rich man worth millions of dollars. That he chose to preach prudent spending in governance and in his personal life doesn’t mean his wife cannot spend his money or cannot gift his wife expensive items.

So you expect me to be worth millions of USD and not spend a paltry £100k on my wife? You’re joking.

Buhari’s wife on the other hand wasn’t married to a rich husband. Buhari has said it several times that he’s not rich. It is only valid for concerns to be raised about how the First Lady Aisha was able to afford such bag. It could have been a gift to her as well and there’s nothing bad in accepting gifts.

If you have money, spend on your wife and children even if you’re not the spending type.

Ever since I watched the Wolf of Wall Street, I’ve never seen stocks/ shares as a means of the average joe getting rich.

I also watched the Big Short, and that cemented my thoughts on shares and stocks.

It’s all fugazi. Get the money out of your client’s pockets and into yours while providing him some numbers showing how his shares are going up and down and doing well.