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Factories Continue To Shut Down In SW While The East Open New Ones (picture) - Politics - Nairaland

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Factories Continue To Shut Down In SW While The East Open New Ones (picture) by MXrep: 11:28am On Oct 19, 2023
grin

4 Likes

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Nobody: 11:34am On Oct 19, 2023
Hmmmmmmmmm....
Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by dokyOloye: 11:42am On Oct 19, 2023
The whole of the SE is now a massive construction yard.
Suddenly,everyone in the motherland is marketing real estate/estate land.
Congratulations to ronu people for helping us look inwards.
By the time Abia state makes headway with the seaport,it shall be game over.

68 Likes 4 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by MXrep: 11:46am On Oct 19, 2023
dokyOloye:
The whole of the SE is now a massive construction yard.
Suddenly,everyone in the motherland is marketing real estate/estate land.
Congratulations to ronu people for helping us look inwards.
By the time Abia state makes headway with the seaport,it shall be game over.
I don't know why they reopened Ladipo market. We no send them during closure. We were busy expanding Eastern markets and sending goods to SW.

48 Likes 3 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Lifestone(m): 11:52am On Oct 19, 2023
dokyOloye:
The whole of the SE is now a massive construction yard.
Suddenly,everyone in the motherland is marketing real estate/estate land.
Congratulations to ronu people for helping us look inwards.
By the time Abia state makes headway with the seaport,it shall be game over.
We thank God for this.Let South West breath. Don't forget to go also with the homeless and the criminal enterprises too

36 Likes 9 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Johncables402: 11:55am On Oct 19, 2023
Good, let those scratched faced ageberos starve to death without Igbo industries. They will know who is the master of economics in Nigeria

32 Likes 3 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Cooletempa: 11:57am On Oct 19, 2023
dokyOloye:
The whole of the SE is now a massive construction yard.
Suddenly,everyone in the motherland is marketing real estate/estate land.
Congratulations to ronu people for helping us look inwards.
By the time Abia state makes headway with the seaport,it shall be game over.

Just speed things up and make your way back. Good riddance.

37 Likes 6 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Depriest2020: 12:03pm On Oct 19, 2023
Because of the small small 100/50 factories that's why you're making noise.

9 Likes 3 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Ashez: 12:04pm On Oct 19, 2023
The easterners can't go broke
They are natural survivors.

30 Likes 1 Share

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Pigstormentor: 12:19pm On Oct 19, 2023
grin

1 Like 1 Share

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by MrEverest(m): 12:33pm On Oct 19, 2023
MXrep:
grin

The reason is not farfetched. Investors in the SW are mostly outsiders and foreigners, but now naira is crashing heavily and cost of production over the roof, it makes no sense for most foreign investors to continue pouring water inside basket. But in the East, local investors are in majority, so they don't really have need to repatriate funds that will become worthless after conversion. Other factors also make it easier for our local investors than foreign investors to survive in a rundown economy like ours.

If Igbos should get more intentional, this is the time to completely take control.

31 Likes 6 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Olachase(m): 12:46pm On Oct 19, 2023
MXrep:
grin
lol company shut down you open teeth day happy are you enemies of progress

26 Likes 5 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Omoawoke2(m): 12:47pm On Oct 19, 2023
All I see is so much bitterness and envy.

This is actually one of the reasons these igbos hate Yorubas. That southwest is doing better in all angles and economic power of the country brings them so much hatred and pains

This is the height of inferiority complex

What a shame

33 Likes 8 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by press9jatv: 1:08pm On Oct 19, 2023
Poor economy crisis in under Tinubu government makes them to lose out in business. Hmm 🤔

5 Likes 2 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by killsmith(f): 1:08pm On Oct 19, 2023
Johncables402:
Good, let those scratched faced ageberos starve to death without Igbo industries. They will know who is the master of economics in Nigeria
This your statement is not necessary.
Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Ttalk: 1:21pm On Oct 19, 2023
MrEverest:


The reason is not farfetched. Investors in the SW are mostly outsiders and foreigners, but now naira is crashing heavily and cost of production over the roof, it makes no sense for most foreign investors to continue pouring water inside basket. But in the East, local investors are in the majority, so they don't really need to repatriate funds that will become worthless after conversion. Other factors also make it easier for our local investors than foreign investors to survive in a rundown economy like ours.

If Igbos should get more intentional, this is the time to completely take control.

Typical IPOB mentality. Everything is about competition even when there is no need yet the domineering mentality has not yielded results. Tueh

36 Likes 4 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by MXrep: 1:29pm On Oct 19, 2023
Ttalk:


Typical IPOB mentality. Everything is about competition even when there is no need yet the domineering mentality has not yielded results. Tueh
I pity anybody that hate competition in this competitive world. The future will be interesting

17 Likes 3 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Gainman: 1:31pm On Oct 19, 2023
MXrep:

I don't know why they reopened Ladipo market. We no send them during closure. We were busy expanding Eastern markets and sending goods to SW.
a lazy boy like u will always feel like this. Your parents are still feeding u I guess. Hope u saw d video of your brothers celebrating d re opening of d market. Those are hardworking igbo people. They know d value of what d govt did. As u no get business u are doing u will not be happy about it.

16 Likes 2 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by NimrodEndOfDays(m): 1:33pm On Oct 19, 2023
Ttalk:


Typical IPOB mentality. Everything is about competition even when there is no need yet the domineering mentality has not yielded results. Tueh
lazy man. You don't want competition? No wonder everything about Yoruba and Fulani is basically monopoly. Lol, you cannot survive in a competitive market grin

11 Likes 3 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by MXrep: 1:34pm On Oct 19, 2023
MrEverest:


The reason is not farfetched. Investors in the SW are mostly outsiders and foreigners, but now naira is crashing heavily and cost of production over the roof, it makes no sense for most foreign investors to continue pouring water inside basket. But in the East, local investors are in majority, so they don't really have need to repatriate funds that will become worthless after conversion. Other factors also make it easier for our local investors than foreign investors to survive in a rundown economy like ours.

If Igbos should get more intentional, this is the time to completely take control.
I went out to buy noodles today. They don't have indomie but have Bestie and Tummy Tummy. They said indomie has become unaffordable and people have switched to more affordable brands. Indomie is owned by Indians with factories in Ogun, pH and Kaduna. Tummy Tummy is in Nnewi owned by Nnewi man. Bestie noodle is in Nsukka owned by Nsukka man. Igbos will take over from the multinationals as bad economic squeeze them out

19 Likes 4 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by MXrep: 1:38pm On Oct 19, 2023
Gainman:
a lazy boy like u will always feel like this. Your parents are still feeding u I guess. Hope u saw d video of your brothers celebrating d re opening of d market. Those are hardworking igbo people. They know d value of what d govt did. As u no get business u are doing u will not be happy about it.
Lol, why not level it with bulldozer? Go ask about New Parts market Nkpor and Ngbuka Obosi near Onitsha. They will take over supply to SW

10 Likes 2 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by MrEverest(m): 1:40pm On Oct 19, 2023
MXrep:

I went out to buy noodles today. They don't have indomie but have Bestie and Tummy Tummy. They said indomie has become unaffordable and people have switched to more affordable brands. Indomie is owned by Indians with factories in Ogun, pH and Kaduna. Tummy Tummy is in Nnewi owned by Nnewi man. Bestie noodle is in Nsukka owned by Nsukka man. Igbos will take over from the multinationals as bad economic squeeze them out

I really pity these foreign investors. Imagine bringing in say $5 million dollars into Nigeria but after doing business for a while and it's time to repatriate the funds, exchange rate will reduce it to $2.5 million dollars. That's on top of buying diesel at 1000 per litre and battling other high cost of production. Such investor won't even recover his seed capital talk less of making profit. That's why they're all running away.

17 Likes 4 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by PrinceOfLagos: 1:43pm On Oct 19, 2023
All road leads to south east

My Igbo friends and brothers, it's about time to move all industries to the south east

14 Likes 2 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by EmperorCaesar(m): 1:45pm On Oct 19, 2023
Cant wait to see cubana and co relocate their businesses to SE

2 Likes

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Ttalk: 1:45pm On Oct 19, 2023
MrEverest:


I really pity these foreign investors. Imagine bringing in say $5 million dollars into Nigeria but after doing business for a while and it's time to repatriate the funds, exchange rate will reduce it to $2.5 million dollars. That's on top of buying diesel at 1000 per litre and battling other high cost of production. Such investor won't even recover his seed capital talk less of making profit. That's why they're all running away.

See container analysis. Is that how foreign investment works?

19 Likes 2 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by AdeolaOmoOba(m): 1:58pm On Oct 19, 2023
You mean meth factories continue to shut down in south west and relocates to their headquarters?

4 Likes

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by SpatialKing(m): 2:07pm On Oct 19, 2023
Depriest2020:
Because of the small small 100/50 factories that's why you're making noise.

Those smaller factories are what is sustaining China's🇨🇳 economy...

Naira is failing today because Nigerian has nothing to trade with we have nothing to export to other countries...

10 Likes 3 Shares

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Raf4: 2:30pm On Oct 19, 2023
dokyOloye:
The whole of the SE is now a massive construction yard.
Suddenly,everyone in the motherland is marketing real estate/estate land.
Congratulations to ronu people for helping us look inwards.
By the time Abia state makes headway with the seaport,it shall be game over.

You have been saying this for decades, yet all your able bodies in your entire region keep boarding night lorries enroute Lagos.
You said so when:
........FCT was moved from Lagos to Abuja
.........Int'l Airport was opened in Abuja
.........riverport was constructed in onitsha
.........Enugu Airport became int'l
..........2nd Niger bridge was commissioned
.........PYO commissioned a dedicated power plant for ariara market in aba etc. etc.

9 Likes

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Obakoolex(m): 3:14pm On Oct 19, 2023
Omoawoke2:
All I see is so much bitterness and envy.

This is actually one of the reasons these igbos hate Yorubas. That southwest is doing better in all angles and economic power of the country brings them so much hatred and pains

This is the height of inferiority complex

What a shame
You have said it all...chronic hate for SW is in their blood even the unborn

4 Likes 1 Share

Re: Factories Continue To Shut Down In SW While The East Open New Ones (picture) by Obakoolex(m): 3:18pm On Oct 19, 2023
PrinceOfLagos:
All road leads to south east

My Igbo friends and brothers, it's about time to move all industries to the south east
Chinedu Dindinrin grin

2 Likes

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