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Nairaland Forum / Nairaland / General / Business / Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? (9232 Views)
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Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by providencia(m): 12:15pm On Jul 10, 2023 |
Thank you
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Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by lascos912(m): 12:16pm On Jul 10, 2023 |
why won't they frown.do you think it easy to establish business with money and some people with smelling pussy will come to destroy it with dept |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Remii(m): 12:19pm On Jul 10, 2023 |
because they can't replace what you are buying on credit and they are not sure you will pay until you actually pay. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Nickisindigo(m): 12:19pm On Jul 10, 2023 |
People that refuses to pay a debt of 200 naira 2 Likes |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Ejyksneh(m): 12:21pm On Jul 10, 2023 |
So that you will run away with people's money abi? Who will pay after buying on credit? |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Herbiodun09: 12:24pm On Jul 10, 2023 |
Are you a nigerian? Do you own a shop? Would you sell on credit? Drop the address so you can have practical answers to your questions. 3 Likes |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by MrBroke(m): 12:31pm On Jul 10, 2023 |
Stupid question to ask. Is this how Americans run their credit system. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by CartelKenneth: 12:33pm On Jul 10, 2023 |
Give credit to a Nigerian at your own peril 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by sonnie10: 12:34pm On Jul 10, 2023 |
I don’t think you have ever sold anything on credit to some people. Next time when the money comes, they will avoid your place and go somewhere else to buy the same thing while still owing you. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by masakanate: 12:36pm On Jul 10, 2023 |
The root of the problem lies in the situation if the Economy of Nigeria. Things have become so worse that good people have turned into something else. Like the Op said, in the 70's, shop keepers will give you on credit and know that you will pay. Back then, the economy was favourable to all and people still see money and are able to fend for theirselves and that is why they can pay back with ease but fast forward to 2023 when the economy has become very harsh and unfavorable. Even someone that truly wants to pay back is unable to due to so many bills and responsibilities to attend to. If the economy was still favourable like in the 70's, I think this paying back of loans won't be an issue today. So the solution lies on our Government to improve on our Economy, create jobs, and let things like fuel and food reduce to its minimum and I can assure you that it will bring back the good in people. This is my take on this topic. 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by NairaMaster1(m): 12:37pm On Jul 10, 2023 |
thesilentman: Because 99% of Nigerians will not come back. They will shift loyalty. 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by obonujoker(m): 12:38pm On Jul 10, 2023 |
NoToPile: I have many such as this.. "I dey owe you before"🤣🤣🤣🤣.... The same habitual onigbese |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by deltaF0SS: 12:42pm On Jul 10, 2023 |
If u've suffered from kindness you'll think twice, such is present day NG |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Cti28(m): 12:50pm On Jul 10, 2023 |
thesilentman: The Nigerians of then are different from Nigerians of now. One of the surest way to kill your business, or for it to remain stagnant in Nigeria today, is to sell things on credit. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by gentleguy1975: 12:54pm On Jul 10, 2023 |
Atije elede yungba yungba,ati sanwo re tiko tiko For non Yoruba speaking brothers,it roughly translated as: Pork meat is yummy but payment for same is reluctantly made 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Dshocker(m): 12:56pm On Jul 10, 2023 |
thesilentman: From Lagos Island market, down to Alaba, Tradefair, Trinity, Ladipo..... etcetera As an importer, you sell on credit to your trusted customers, otherwise your name is sorry. Most wholesalers supply on credit. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by fitinwell: 1:09pm On Jul 10, 2023 |
...Moral Lesson.. not every customer is your Customer.. and not everybody is credit worthy.. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by dododawa1: 1:10pm On Jul 10, 2023 |
NIGERIANS credit I pity your business. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by INTEGRITYA1(m): 1:18pm On Jul 10, 2023 |
thesilentman: Don't miss it. Is not one of the major reasons. It is the MAIN REASON lot will buy with intention not to pay. Some will even resorted to fight and abuse you when you ask about their debt. Apart from few set of people. I repeat very few. 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by blazepascal(m): 1:23pm On Jul 10, 2023 |
My mum owns a provision store she only sell credit to does she knows..even at that some rain insult on her if she decides not to sell .they will normally say it's not only her that is selling that they will go to another shop and buy it.so in order to suceed in business you have to accept insult for you to sell your goods. 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Depsui(m): 1:28pm On Jul 10, 2023 |
Foodqueen: The Yoruba's have a proverb that describes what you wrote. "San laarin, aje ni n muni pekoro" |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by phorget(m): 1:28pm On Jul 10, 2023 |
Nigeria debtors do not fancy paying their debts, we are bad debtors. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Kobicove(m): 1:29pm On Jul 10, 2023 |
hakeemhakeem: ![]() |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by snowland(m): 2:00pm On Jul 10, 2023 |
Haa. I've learnt my lesson about lending to Nigerians. The people I called friends are the ones that are owing me. One is $3k and one is $1k. It's been over a year now and it's been one from one story to the other. They one wey I borrow $1k dey naija dey build him house. The one of $3k dey US but had businesses in naija. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by Treasure17(m): 2:15pm On Jul 10, 2023 |
When you understand the fact that 95% of Nigerians are criminal minded then this question will be unnecessary. Nigerians are terrible debtors and ingrates. 2 Likes |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by uche393: 2:20pm On Jul 10, 2023 |
this is where trust Muslim(Hausa) most, they avoid credit but if it must be credit... he'll surely pay. apart from them others can't be trusted with credit, Nigerians love free things anything they don't pay for instantly will be hard to pay later especially where there is no written agreement and collateral. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by segaloo(f): 2:21pm On Jul 10, 2023 |
snowland:help me sir I'm sick and have nothing to eat |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by unadeymadkwa: 2:24pm On Jul 10, 2023 |
ikeno: You should have deducted it. Even though it looks harsh but if you do that they will be less trusting next time. Remember business is business. Not deducting is a sign of weakness. Next time he fit be 150k not 15k 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by chloride6: 2:25pm On Jul 10, 2023 |
Because they are not a bank. Go to the bank and get credit if you need one. Bankers will smile at you if you need credit and ask you to bring your mothers death certificate amongst other things. |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by unadeymadkwa: 2:26pm On Jul 10, 2023 |
uche393: I'm not hausa or Muslim but this is true.... |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by jalaludeen1(m): 2:35pm On Jul 10, 2023 |
Is like you are not a Nigerian? Don't you read on Nairaland here where people are being killed just to avoid paying back? Don't you ever give credit of money you can't forfeit, you may regret it. There was this guy that use to borrow 1k to 2k from my work place and pay back after receiving salary he was an IT student and I didn't know. When he was about to leave he ask for 30k and I gave him 4k. Till today its more than 3 years now he didn't payback 1 Like |
Re: Why Do Nigerian Traders Frown When You Want To Buy Things On Credit? by greatefa1011(m): 2:47pm On Jul 10, 2023 |
Army rubber, they should smile for you. I see why you have no business doing at all. 1 Like |
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