Walmart kills small and medium scale retail businesses where ever it goes.

Take a quick guess why New York City with almost 10 million people doesn't have a single Walmart.

UncleJudax:

You have a stake in Walmart incorporated?

Vested interests

owobokiri:


4 × 4 are nothing but pratical realities of developing economies. China, .india etc have them. Moreover they fit without scrupples, into the behavorial pattern of an average African. That's why they thrived even when you were flexing at kingsway and co. So your petty jealousy can't wish them away just as buharis vindictive policies will surely bite but won't make much dent. Most middle class downwards will still patronise them for obvious reasons and what's more? Deu to Jonathans liberalising policies, most Nigerians that accessed the exploding middle class under Jonathan were/are from the informal sector. Most of those, traders! Getting rid of them as you seem determined to do should be a generational quest! Unfortunately for you, your ideologically challenged ApC/buhari lack both the intellectual gravitas and organisational finesse to ruthlessly prosecute such lunatic policies that border on 'sophisticated' idiocy. . . Put bluntly; you will contineu to sulk while igbo traders grow, till the day you kick the bucket. Pēlèé

As living standard rises , shopping habit changes. Global retailers will pour in to take advantage of new realities . The competition kills off to hose who fail to adapt.
Can you tell me why I can get a better phone in New York for the price of a techno?

BCISLTD:



Vested interests

Oh, that's good too.

onomeasike:


You must commend Nigerians in that retail sector.Infact,most provision shops in Lagos are stepping up and new ones like globus,bazar,pennymart etc are opening.However,for Walmart?That's a big brand!!! Their presence in our economy is a big endorsement in international circles. Very soon, other global brands will start looking at Lagos. Good one.Walmart is a big fish!

but would smaller nigerian retail businesses b able to cope wit d competition if they eventually com...

Hmmmmm.... Thought, the job creation should be in form of people embracing entrepreneurial path.

Lalasticala, ishilove. FrontPage pls?

onomeasike:


You must commend Nigerians in that retail sector.Infact,most provision shops in Lagos are stepping up and new ones like globus,bazar,pennymart etc are opening.However,for Walmart?That's a big brand!!! Their presence in our economy is a big endorsement in international circles. Very soon, other global brands will start looking at Lagos. Good one.Walmart is a big fish!

Wrong! Go and ask the same Walmart if they were allowed in South Africa a couple of years ago (2012). The SA government didn't want them because they were going to be competition for there local brands (Shoprite, Game, Clicks etc.). These are the same brands that the SA chamber of commerce is using to make in-roads throughout west and central africa as export channels for their locally manufactured products. The summary is that Walmart was finally bullied into investing in a local SA brand chain.

Now look at the dumb Nigerian government, the same shoprite came and is infiltrating every nook and cranny with their imports and nobody in government is any wiser. If they want walmart in the country, they should make them invest/partner in/with a local brand instead.

Wise administrations do NOT allow big brands to come into their countries and take away their revenue. Walmart is operating in the UK but as ASDA - a localised brand. Which means all the revenue stays in the UK. That is wisdom, not exhibiting lower class ignorance while thinking - we are bringing foreign investment - that's nonsense at best.

The Nigerian government should wake up and stop this inferiority complex and playing into the hand of big business indirect neo-colonisation!!!!! My two kobo!!

Dollyak:
The last kind of company I want in Nigeria. Don't know what to make of this to be honest. Job creation, exploitation, poor ethics mixed into one news...

you seem to be the only person on this thread with an iota of awareness. The dumb nigerian government don't know any better, shame! the inferiority complex in this country is alarming!!!!

Job creation for who? cashiers collecting money with 40k salary? Government better wake up

order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/2

Walmart wants to take over the world.
Greedy capitalists

Where is the Light Rail, SCAMMER

Fashola visited Toronto earlier this year to inspect the TTC trains.
AUGUST 10, 2011

The Lagos deal would be the first of its kind for the TTC. Decommissioned cars are usually sold for scrap metal and can fetch up to $1,500 dollar each. While Ross declined to discuss specific figures, he says the sticker price for Lagos is "significantly more" than scrap prices, putting the potential profits to the TTC in the millions of dollars.

It is not unusual for technology from western nations to end up in poorer countries. Marketplaces in Africa and Asia are flooded with North American clothes, computers, and even cars, but the purchase of larger technology like trains is rarer.

The cars will have to be significantly refurbished to fit existing infrastructure in Lagos, and some Nigerian media reports have lamented that the government appears to have settled on "tokundo," or used, trains instead of brand new vehicles.

Although half the cars are more than 30 years old, Ross is adamant they are perfectly safe and are only being decommissioned for capacity reasons. But he also admitted the TTC is not required to make sure the cars meet any safety standards before selling them.

"Once sold, it's up to the new operator to ensure they are in good working order," he said. "They do need to be maintained much more frequently than the new trains, simply because of their age. At some point they will run out their useful life."

Murtaza Haider, director of the Institute of Housing and Mobility at Ryerson University, said the age of the cars is definitely a cause for concern.

"We should be ensuring that there is some service life left in these vehicles and we're not going to be playing havoc with the lives of those who would ride these vehicles," Haider said. "There's metal fatigue, and that metal fatigue could result in dangerous conditions. I would be paying a close watch on this for the next ten years to see how many accidents do happen in Lagos."

More from: https://nowtoronto.com/news/next-stop-nigeria/

www.nairaland.com/attachments/986954_227085_217133764973083_1665116_n_jpg748f7881e9a4a7029d746ce618b9e883



www.nairaland.com/attachments/986970_226204_217133461639780_436735_n_jpg881704f0a82d9e191193a6cb576f8d24




* In January 2013, i.e. some two years after the Toronto visit, our "excellent" former governor said the trains will be ready by June, i.e. five months after the unsolicited statement, based on his inspection & assessment of work done so far at the time =>

Lagos light rail’ll be ready in June – Fashola
JANUARY 9, 2013

The Lagos State Governor Babatunde Fashola on Tuesday said the first phase of the state Blue Light Rail project would be completed by June this year(2013).

He expressed confidence that Lagosians would start enjoying the services of the lrail project immediately.

The first phase would run from Marina and terminated at Okokomaiko area in Ojo Local Government.

Fashola spoke during an inspection of ongoing projects in the state which took him and his cabinet members to Orile-Iganmu, Alimosho and Ejigbo areas among others to assess the level of works being done by contractors.

The governor, who inaugurated the trackwork of the blue light rail at Alaba Suru, Coker-Agunda Local Council Development Area, said the level of work on the road and those of the National Theatre and Alaba-Mile 2 rail stations, would ensure early completion

He said, “In order to finish the project, the contractor did not go on vacation during the festive period. This will ensure that the project is delivered on time for the use of Lagosians.

More from: http://www.punchng.com/news/lagos-light-railll-be-ready-in-june-fashola/

* Last year, our fine-boy-no-pimples Misita ex-Gomina confessed he had already spent a whopping sum of N160 billion on the light rail that was supposed to be in use since June 2013. Depending on the exchange rate he used that could be $1 billion to $1.2 billion spent

How We Spent N160bn World Bank Loan on Light Rail Project
11 Sep 2014
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He, therefore, explained that the state government already “has in place, strategies to repay the loan. The federal government was in the know of the state’s decision to take the bond and it approved it.”

He added that the truth “is that what they do not also say is that no state in Nigeria can borrow money outside, from any multilateral agencies without the approval of the federal government.

“What they did not say is that they approved it. No state can raise money by bond the way we have done without the federal government’s approval. Both SEC and NSE are all federal regulatory agencies through which we must pass. If they said okay, it means there must be something good about the debt.

More from: http://www.thisdaylive.com/articles/lagos-how-we-spent-n160bn-world-bank-loan-on-light-rail-project/188736/

As of today, we nor see train, even sef all the billion, billion $$$$$$$$$$$$$$$$$ don disappear enter Toronto. We prayer be sey make dem nor turn around small time sey na bad business like the N8 billion Sunborn floating hotel

In fact Ambode now dey tell us sey na to restructure the financing and delivery will be in 18 months time. Laakulilai, we don suffer finish in the hands of these scam masters and smooth operators =>

Why I reached out to Igbo voters –Ambode, Lagos APC governorship candidate
APRIL 4, 2015
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When is the light rail going to be delivered, the project seems to be going on for years?

I just said it, it’s being funded by Lagos State and the Federal Government support is not there. But I believe strongly that we will create a financial restructuring that will allow us to deliver that light rail within the next 18 months.

More from: http://www.punchng.com/feature/hotseat/why-i-reached-out-to-igbo-voters-ambode-lagos-apc-governorship-candidate/

Una wey sabi financial management small go know sey the man just dey tell us sey money don finish dem must BORROW plenty $$$$$$$$$$$ loan again to have any hope whatsoever of using the trains in 18 months lohun lohun far away longest time!
Can anyone reconcile the fact that the federal government approved LASG's World Bank loan for this project yet the new governor dey spin us long tales of no federal support. He must think we are all baby pikins wey mama fit tell FAKE tory

Dollyak:
The last kind of company I want in Nigeria. Don't know what to make of this to be honest. Job creation, exploitation, poor ethics mixed into one news...

I share the same sentiments.

why cant we have our own Nigeria walmart.

kennydee05:
Ambo Lagosians need job opportunities seriously or else we relocate back to our state

n'gwanu, bye bye.

Dollyak:
The last kind of company I want in Nigeria. Don't know what to make of this to be honest. Job creation, exploitation, poor ethics mixed into one news...

They get away with so much in the US even with labour regulations. Imagine how they'll be here with lax laws

Watchout for Jcpenneys and Macys too

naptu2:
Gov. Ambode Receives President & C.E.O of Walmart - Europe, Middle East, Africa & Canada at Lagos House, Ikeja.



https://mobile.twitter.com/AkinwunmiAmbode/status/626762998883950596

Europe, Middle East, Africa and Canada...this woman's portfolio is massive

euromoney:
Walmart is a cut-throat capitalism and it's harmful to any city that it goes into.people may get low prices of goods, but when you calculate the total cost of having walmart in your city or state you'd find that it's harmful.Lagos state shouldn't allow this predatory juggernaut into Lagos state.it will kill local businesses.

"people may get low prices but total cost would be harmful " this doesn't make any sense

kennydee05:
Ambo Lagosians need job opportunities seriously or else we relocate back to our state

who hold u? Work first de there nai u come lagos

Wow! This is the best economic news this year go team Nigeria. Am proud.

Federal Polytechnic Ede POST-UTME 2015/2016 form is Out. You can contact me on 08035778623 / 08035892199, to obtain ur form Today

Naija used 08 GL550 4matic for grabs. Mint condition guaranteed with 9000 mileage. Only serious buyer shld buzz pls.

Hope Walmart is not coming in Nigeria with all the musanto and GMO b.ull sh1t.

Like lagos care

kennydee05:
Ambo Lagosians need job opportunities seriously or else we relocate back to our state

Good news for shoppers and should create another source of income for job seekers like Jumia and Konga have done being that Walmart is has a big online presence as well.

owobokiri:
The Chinese produces the goods and wholesale them here these days because our immigration department gives every chinese, lebanese and indian a free pass. . Then walmart retails . . All are foreigners. Meanwhile, our politicians claiming to be working hard to create jobs for the people sit aside and clap. The retail sector is most probably the biggest employer of labour in Nigeria yet there they are, applauding. When we decimate the economic circumstances of hard working Nigerian traders through some of these bizare policies, maybe because we feel disconnected from 'those' that we, in our petty thinking, presume to be the biggest beneficiaries of the retail trade in Nigeria, we will only see more sophisticated criminal acts in this country. Why? Nobody will sit at home and die. If the government can't protect her citizens legitiimate sources of income, obviously, the citizen would be left with no other option than to 'survive at all costs'.

FACT!
Muguism is when you agree that Buhari is going to fight corruption with Atiku, Danjuma, Saraki, Amechi and other 'change' chanters nominating ministers to his government.

ifyan:


Don't start. Please

are they not working ni cos.am ready to start anyhow u want it..PDP slaves..

ifyan:


Don't start. Please

Are they not ni?ready to start oo until PDP get sense..PDP slave..

Good, but its more slave jobs for our youths! This is not the real solution to fundamental economic problems. 1/2 bread, you say is better than none. Yes, but it must be a stop gap measure.