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| Chief Anayo Nwosu |
Chief Anayo Nwosu
Do you
know that there is a link between the decreasing purchasing power of the
populace and the quality of goods and services available in that country? Of
what economic good is it for a trader to stock high quality products he cannot
sell even when the buyers desire them but could not afford them?
Extra-smart
#Nigerians are getting shares of the new #Lagos by acquiring #plots, acres and
hectares of land at #Ibeju #Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html
In a
bid to remain in business, the trader would think of ways of getting his
manufacturers of the products he sells to produce more affordable goods his
customers can easily afford. The above scenario gave rise to substandard and
fairly used items sold all over the world.
In
Economics, water must find its level. The prices of normal goods are arrived at
when demand meets supply. Meaning that an expensive item of sale can only be
sold when it is demanded no matter how desirous the seller is to sell. So, if
the buyer’s income is decreasing or disappearing, he or she would have to
apportion money available according to needs and their priority.
Have
you heard that #Landwey is giving out plots of land at #URBAN #PRIME TWO #ESTATE
at #Abraham #Adesanya #Roundabout, #Ajah, #Lagos? You can get yours by clicking:
http://www.tectono-business.com/2020/02/urban-prime-two-estate.html
You
can see why our importers have left USA and European suppliers of high quality
products and have embraced China and India that can produce goods at affordable
prices but with reduced quality? It is only natural. There is nothing much the Standard Organisation of Nigeria (SON)
can do. It is an inescapable.
If we
cannot manufacture the products we need locally, the other option available is
for the government procure directly or through its agents, as they now do for petrol,
the essential goods like drugs and sell at controlled prices. And we are slowly
getting there.
Wow!!!
Have you discovered where #CEOs and top #managers take their #vehicles to for
body work, painting with #Sikkens #paint and #oven #baking? It’s GOF AUTOS LTD.
For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html
However,
there is always a market for high quality products at their cost reflective
prices but are only affordable to a few right now. The market stocking high
quality items would keep getting slimmer as more people migrate from rich to
the lower middle class and to the poor ladder.
The
worst people on earth are those who blame Igbo traders who junket the whole of
Asia trying to get foreign manufacturers or suppliers “ to reduce hand” in
making the products their customers can buy. Some of them stock same goods of
three qualities: Super Original, Original and Genuine. Christians amongst would
tell the customers how long each item can last. Many would just sell it you.
Are you aware that many #Nigerian
#exporters have been defrauded in the process of #exporting their #products? To
#export successfully and get paid, click: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Logically,
the quality of products in the Nigerian markets is an economic reflection of
the purchasing power of the citizenry. Once the earning power of a people
increases, the quality of products on offer will increase.
Ironically,
to an Nnewi trader, an original spare part “is the one his customers can easily
afford and from which he makes profit”. I ask again, what sense does it make
that a trader stocks goods he cannot sell because his customers cannot afford
them?
Do you know what? Let #Tigerland
#Technology #Services Ltd deliver world-class #BUILDING #MATERIALS to your #SITE
at very #affordable #rates. For details, click:
https://www.tectono-business.com/2020/06/let-tigerland-technology-services-ltd.html
Whether
you believe it or not, a trader is a solution provider not the originator of
our problems. We buy what we can afford just like many Nnewi people who still
attend Ụkaekpele Church do so because of intractable problems and not by
choice.
anayonwosu@icloud.com
Ikenga
Ezenwegbu Nnewi
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