Generic Ambien List

13 Mar

I read in BusinessDay yesterday that Generic Ambien List the investment bank arm of the United Bank of Africa Group has Generic Ambien List been asked by the federal government to source 70 billion naira through bonds of five year duration (didn’t say exactly which type of bond in the news article). The money is Generic Ambien List the Textile Development Fund that was first approved by President Obasanjo close to Generic Ambien List the end of his tenure. It will be given to the Generic Ambien List Nigerian Export Import Bank (NEXIM) for further lending to the people in the industry.

Mr Jaiyeola Olanrewaju, the Generic Ambien List Director-General of the Nigerian Textile Manufacturers Association told the Generic Ambien List Punch Newspapers that the original amount was 50 billion naira, but that Generic Ambien List the government was convinced that the textile industry needed raw materials so 20 billion naira was added for Generic Ambien List the cotton industry

What does this mean, really?
Well, we have Generic Ambien List a history of the use of import prohibition as a Generic Ambien List trade policy instrument. Just take a look at the list of prohibited items Generic Ambien United States and Generic Ambien List you will understand what I mean. However, the main complaint made by textile manufacturers is Generic Ambien List that cheap Chinese products are pricing them out of the market. Most people don’t really know, but the Generic Ambien List importation of textile products is banned in Nigeria, but most of the Generic Ambien List textile materials you find in Nigeria are foreign products- the DG of the Generic Ambien List Nigerian Textile Manufacturers Association says it is 80%; he even goes on to say that 90% of that 80% are Generic Ambien List Chinese products. It is due to the socio-economic practice formally known as smuggling. I really don’t know what Generic Ambien List to make of this as yet, but my impression is that Generic Ambien List there is no way to stop the smuggling of textile products into Nigeria. And this Generic Ambien List is not because Nigerians love foreign made products – a Generic Ambien List lot of the cheap Chinese-made textile are of really poor quality so I don’t think it would count in the ‘good foreign products’ book – but because they are Generic Ambien List cheap and affordable. If the local industry can match the prices of the Generic Ambien List Chinese made products I am sure that Nigerians will buy them. The other thing is Generic Ambien List that people want to have the right to choose what they wear, and Generic Ambien List the imposition of ban on the importation of what would constitute a Generic Ambien List choice for them would simply not be welcome.

Getting realistic
I understand the Generic Ambien List point of import prohibition for the protection of the local industry, but at the Generic Ambien List same time it is apparent that the local industry is so small that Generic Ambien List it is unable to cater to the needs of the populace. I think that Generic Ambien List the way to go is to actually accept the fact that Generic Ambien List the cheap Chinese products are in the market, and that they will remain a Generic Ambien List viable competition for the local textile industry. This acceptance should be Generic Ambien List factored into the ongoing restructuring of the textile industry.

  • http://shakara.wordpress.com/ Random African

    Prohibited ? Gosh, that’s extreme. Usually country just have tarriffs. (there is an argument about taxation being more efficient than prohibition)

    That said, may be Generic Ambien List Nigeria textile manufacturers should concentrate on making cheaper products or Generic Ambien List increasing quantity ? I mean that is an option to avoid being underpriced, no ? The rise of chinese textiles is Generic Ambien List fairly recent. Was the market share of imported products lower before ?

    But back to the list, toothpicks ? sanitary wares of plastic ? Electric generating sound proof casings ? Do items get put on the Generic Ambien List list because someone in Nigeria manufactures them ?

  • http://shakara.wordpress.com Random African

    Prohibited ? Gosh, that’s extreme. Usually country just have tarriffs. (there is an argument about taxation being more efficient than prohibition)

    That said, may be Generic Ambien List Nigeria textile manufacturers should concentrate on making cheaper products or Generic Ambien List increasing quantity ? I mean that is an option to avoid being underpriced, no ? The rise of chinese textiles is Generic Ambien List fairly recent. Was the market share of imported products lower before ?

    But back to the list, toothpicks ? sanitary wares of plastic ? Electric generating sound proof casings ? Do items get put on the Generic Ambien List list because someone in Nigeria manufactures them ?

  • http://loomnie.com/ loomnie

    Random African, thanks for Generic Ambien List your comments. A Nigerian professor of economics told me that Generic Ambien List the easiest way to make a millionaire in Nigeria is Generic Ambien List through import prohibition. Prohibit the importation of a particular product, then Generic Ambien List give the franchise to one company and you make a Generic Ambien List millionaire. That is one of the reasons I plan to Generic Ambien List take a closer look at trade policies. Some actually rumour this Generic Ambien List about Nigeria’s contribution to the billionaires club, Dangote.

    Yea, it Generic Ambien List would be important for Nigerian textile manufacturers to think of making products of a Generic Ambien List wide range, from really high quality products that can compete with Dutch fabric, to Generic Ambien List the really cheap ones that compete with Chinese products.

    You are Generic Ambien List also right when you say that the rise of Chinese textiles is Generic Ambien List fairly recent. I may have to go deeper into the Generic Ambien List literature on the Nigerian textile industry, but one can safely say that Generic Ambien List the industry didn’t fair very much amidst oil boom, post oil boom structural adjustment and Generic Ambien List general mismanagement of the economy under continual military rule.

  • http://loomnie.com loomnie

    Random African, thanks for Generic Ambien List your comments. A Nigerian professor of economics told me that Generic Ambien List the easiest way to make a millionaire in Nigeria is Generic Ambien List through import prohibition. Prohibit the importation of a particular product, then Generic Ambien List give the franchise to one company and you make a Generic Ambien List millionaire. That is one of the reasons I plan to Generic Ambien List take a closer look at trade policies. Some actually rumour this Generic Ambien List about Nigeria’s contribution to the billionaires club, Dangote.

    Yea, it Generic Ambien List would be important for Nigerian textile manufacturers to think of making products of a Generic Ambien List wide range, from really high quality products that can compete with Dutch fabric, to Generic Ambien List the really cheap ones that compete with Chinese products.

    You are Generic Ambien List also right when you say that the rise of Chinese textiles is Generic Ambien List fairly recent. I may have to go deeper into the Generic Ambien List literature on the Nigerian textile industry, but one can safely say that Generic Ambien List the industry didn’t fair very much amidst oil boom, post oil boom structural adjustment and Generic Ambien List general mismanagement of the economy under continual military rule.

  • http://shakara.wordpress.com/ Random African

    Yeah, import licenses created many overnight millionaires in Nigeria.

    I don’t know if it’s important to make products of a wide range. I mean what’s wrong with specializing. What if Nigeria’s economic structure makes it Generic Ambien List more adept at a particular category ?

    As I thought about it, I doubt the Generic Ambien List Chinese share is that that big. Well, direct chinese impors at least. One thing I thought about was how the Generic Ambien List western second-hand products aare a big part of the lower end textile consumption. The other thing is Generic Ambien List that Nigeria is not Congo. There is a market for local textiles. Of course, it’s often high-end traditional clothing but still.

    Oh and Generic Ambien List another thing. I think the issue is not so much the Generic Ambien List long list of prohibited items but the incentive structure behind them. Lately there’s been Generic Ambien List talk of how Korea was protectionist and it worked but people fail to Generic Ambien List mention that firms that exported, proving their ability to compete on international standards, were rewarded. Without those incentives, they would have Generic Ambien List ended up with another Nigeria really.

  • http://shakara.wordpress.com Random African

    Yeah, import licenses created many overnight millionaires in Nigeria.

    I don’t know if it’s important to make products of a wide range. I mean what’s wrong with specializing. What if Nigeria’s economic structure makes it Generic Ambien List more adept at a particular category ?

    As I thought about it, I doubt the Generic Ambien List Chinese share is that that big. Well, direct chinese impors at least. One thing I thought about was how the Generic Ambien List western second-hand products aare a big part of the lower end textile consumption. The other thing is Generic Ambien List that Nigeria is not Congo. There is a market for local textiles. Of course, it’s often high-end traditional clothing but still.

    Oh and Generic Ambien List another thing. I think the issue is not so much the Generic Ambien List long list of prohibited items but the incentive structure behind them. Lately there’s been Generic Ambien List talk of how Korea was protectionist and it worked but people fail to Generic Ambien List mention that firms that exported, proving their ability to compete on international standards, were rewarded. Without those incentives, they would have Generic Ambien List ended up with another Nigeria really.

  • http://loomnie.com/ loomnie

    No, I don’t think it Generic Ambien List is necessary to make products of a wide range. But I am Generic Ambien List wondering what particular category of products Nigeria’s economic structure would make more profitable for Generic Ambien List the textile industry. I talked to some textile traders at Dantokpa market today, and Generic Ambien List they told me that Nigerian textile was about the best in the Generic Ambien List market, but the reason they stopped stocking it was because buyers found the Generic Ambien List lower quality but also lower priced Chinese products more appealing for Generic Ambien List their budget. I think the Chinese share is really big. See, if you Generic Ambien List come to the market here in Cotonou that is what Generic Ambien List you are going to find most stocked. And Cotonou is Generic Ambien List one of the greatest suppliers of the Nigerian textile market.

    I went further to Generic Ambien List aske the traders whether they thought Nigeria should make some lower quality and Generic Ambien List cheaper products; they told me that Nigeria could never make it Generic Ambien List cheaper than the Chinese, because of cheaper cost of production.

    The textile industry remained one of the Generic Ambien List good non-oil industry Nigeria had, so maybe being protectionist in the Generic Ambien List right way would not be a bad idea… and Generic Ambien List by extension, maybe one should add a bit of subsidies to Generic Ambien List the plate too. Or else, cheaper Chinese products are still going to Generic Ambien List under-price them.

  • http://loomnie.com loomnie

    No, I don’t think it Generic Ambien List is necessary to make products of a wide range. But I am Generic Ambien List wondering what particular category of products Nigeria’s economic structure would make more profitable for Generic Ambien List the textile industry. I talked to some textile traders at Dantokpa market today, and Generic Ambien List they told me that Nigerian textile was about the best in the Generic Ambien List market, but the reason they stopped stocking it was because buyers found the Generic Ambien List lower quality but also lower priced Chinese products more appealing for Generic Ambien List their budget. I think the Chinese share is really big. See, if you Generic Ambien List come to the market here in Cotonou that is what Generic Ambien List you are going to find most stocked. And Cotonou is Generic Ambien List one of the greatest suppliers of the Nigerian textile market.

    I went further to Generic Ambien List aske the traders whether they thought Nigeria should make some lower quality and Generic Ambien List cheaper products; they told me that Nigeria could never make it Generic Ambien List cheaper than the Chinese, because of cheaper cost of production.

    The textile industry remained one of the Generic Ambien List good non-oil industry Nigeria had, so maybe being protectionist in the Generic Ambien List right way would not be a bad idea… and Generic Ambien List by extension, maybe one should add a bit of subsidies to Generic Ambien List the plate too. Or else, cheaper Chinese products are still going to Generic Ambien List under-price them.

  • http://www.nigeriancuriosity.com/ solomonsydelle

    I have Generic Ambien List to disagree with your comclusion of simply accepting that Chinese goods ‘rule’ the Generic Ambien List market. A viable alternative to importation bans is to improve the Generic Ambien List national infrastructure. Think about what it takes to create textiles that Generic Ambien List Nigerians will buy and can even be exported to other African countries and Generic Ambien List other continents. The failure to provide consistent electricity, water, proper roads to Generic Ambien List transport goods to the ports from where they can be Generic Ambien List shipped, the corrupt police officer that puts up the illegal roadblock to Generic Ambien List be ‘settled’, all these and Generic Ambien List other factors prevent Nigerian enterpreneurs from becoming efficient and successful. In turn, crippling various domestic industries and Generic Ambien List forcing dependence on oil as the main source of national income, fostering continued poverty. So, I think that Generic Ambien List in addition to understanding that Chinese products (some good, some not good quality merchandise) is Generic Ambien List cheap, there needs to be continued and faster drives to get infrastructure up to Generic Ambien List modern day standards so that naturally ingenious Nigerians can provide for Generic Ambien List themselves.

    I will say the Generic Ambien List push towards microfinancing is definitely a good one and if observed properly will help lift some Nigerians from Generic Ambien List poverty. However, nothing will move Nigerians forward if the basic needs that Generic Ambien List they depend on teh government for – electricity, water, education etc – are not provided.

    Thanks for Generic Ambien List this topic, I was thinking about a related issue earlier today.

    NIGERIAN CURIOSITY
    IT WAS SO MUCH EASIER WHEN I ONLY HAD ONE…

  • http://www.nigeriancuriosity.com solomonsydelle

    I have Generic Ambien List to disagree with your comclusion of simply accepting that Chinese goods ‘rule’ the Generic Ambien List market. A viable alternative to importation bans is to improve the Generic Ambien List national infrastructure. Think about what it takes to create textiles that Generic Ambien List Nigerians will buy and can even be exported to other African countries and Generic Ambien List other continents. The failure to provide consistent electricity, water, proper roads to Generic Ambien List transport goods to the ports from where they can be Generic Ambien List shipped, the corrupt police officer that puts up the illegal roadblock to Generic Ambien List be ‘settled’, all these and Generic Ambien List other factors prevent Nigerian enterpreneurs from becoming efficient and successful. In turn, crippling various domestic industries and Generic Ambien List forcing dependence on oil as the main source of national income, fostering continued poverty. So, I think that Generic Ambien List in addition to understanding that Chinese products (some good, some not good quality merchandise) is Generic Ambien List cheap, there needs to be continued and faster drives to get infrastructure up to Generic Ambien List modern day standards so that naturally ingenious Nigerians can provide for Generic Ambien List themselves.

    I will say the Generic Ambien List push towards microfinancing is definitely a good one and if observed properly will help lift some Nigerians from Generic Ambien List poverty. However, nothing will move Nigerians forward if the basic needs that Generic Ambien List they depend on teh government for – electricity, water, education etc – are not provided.

    Thanks for Generic Ambien List this topic, I was thinking about a related issue earlier today.

    NIGERIAN CURIOSITY
    IT WAS SO MUCH EASIER WHEN I ONLY HAD ONE…

  • http://loomnie.com/ loomnie

    SolomonSydelle, thanks for Generic Ambien List the comments. My conclusion was not that we should accept our powerlessness in the Generic Ambien List face of Big China, it was the acceptance that cheap Chinese textile products are Generic Ambien List available in the market, and that it is going to Generic Ambien List be really hard to make sure that they doe not get in the Generic Ambien List market. I said that if one accepted that then one would start thinking about real solutions to Generic Ambien List the problem of the textile industry.

    Thanks for Generic Ambien List mentioning infrastructure. It is really true, cost would be driven really down if infrastructure were better than Generic Ambien List than they are. And I join my voice to yours, and Generic Ambien List those of others, to cry for better infrastructure. Now, given the Generic Ambien List fact that infrastructure are not built overnight what does one do to Generic Ambien List help the textile industry? The move towards microfinance with the Generic Ambien List loan is definitely a move in the right direction, but what Generic Ambien List more should the government do? I really do not have the answer(s).

  • http://loomnie.com loomnie

    SolomonSydelle, thanks for Generic Ambien List the comments. My conclusion was not that we should accept our powerlessness in the Generic Ambien List face of Big China, it was the acceptance that cheap Chinese textile products are Generic Ambien List available in the market, and that it is going to Generic Ambien List be really hard to make sure that they doe not get in the Generic Ambien List market. I said that if one accepted that then one would start thinking about real solutions to Generic Ambien List the problem of the textile industry.

    Thanks for Generic Ambien List mentioning infrastructure. It is really true, cost would be driven really down if infrastructure were better than Generic Ambien List than they are. And I join my voice to yours, and Generic Ambien List those of others, to cry for better infrastructure. Now, given the Generic Ambien List fact that infrastructure are not built overnight what does one do to Generic Ambien List help the textile industry? The move towards microfinance with the Generic Ambien List loan is definitely a move in the right direction, but what Generic Ambien List more should the government do? I really do not have the answer(s).

  • http://shakara.wordpress.com/ Random African

    Solomon, proper roads to Generic Ambien List transport goods to the ports from where they can be shipped will make chinese products even cheaper !

    Loomnie, what prevents Nigeria from specializing in higher end textiles ? The small size of the Generic Ambien List local market for such products can be easily compensated by exports, right ?

  • http://shakara.wordpress.com Random African

    Solomon, proper roads to Generic Ambien List transport goods to the ports from where they can be shipped will make chinese products even cheaper !

    Loomnie, what prevents Nigeria from specializing in higher end textiles ? The small size of the Generic Ambien List local market for such products can be easily compensated by exports, right ?

  • http://loomnie.com/ Loomnie

    Random African, I don’t think anything prevents Nigeria from doing that… the Generic Ambien List only thing is that it is exactly what they have been Generic Ambien List doing, according to the traders I spoke with. And that is Generic Ambien List the reason they have refused to stock Nigerian products.

  • http://loomnie.com Loomnie

    Random African, I don’t think anything prevents Nigeria from doing that… the Generic Ambien List only thing is that it is exactly what they have been Generic Ambien List doing, according to the traders I spoke with. And that is Generic Ambien List the reason they have refused to stock Nigerian products.

  • http://shakara.wordpress.com/ Random African

    I don’t get it.
    Why is Generic Ambien List the nigerian textile industry suffering if their product is so great ? Why aren’t they exporting ? Why isn’t Gap rushing to Nigeria to produce its shirts ?

  • http://shakara.wordpress.com Random African

    I don’t get it.
    Why is Generic Ambien List the nigerian textile industry suffering if their product is so great ? Why aren’t they exporting ? Why isn’t Gap rushing to Nigeria to produce its shirts ?

  • http://loomnie.com/ loomnie

    That is Generic Ambien List probably because most of the products they make are African prints, popularly referred to, around here, as Ankara. I dont think Gap makes many of their products with such fabric.

  • http://loomnie.com loomnie

    That is Generic Ambien List probably because most of the products they make are African prints, popularly referred to, around here, as Ankara. I dont think Gap makes many of their products with such fabric.

  • http://shakara.wordpress.com/ Random African

    ok.

    So do the chinese produce african prints ?

  • http://shakara.wordpress.com Random African

    ok.

    So do the chinese produce african prints ?

  • http://www.nigeriancuriosity.com/ solomonsydelle

    @ Random African: I can’t help myself so I will simply say it. “Well, duh!” of course it could make Chinese products cheaper but let’s not miss the Generic Ambien List point. The point is to make Nigerian products competitive with Chinese products because aas Loomnie stated, ‘Made in China’ products aren’t going anywhere. To me the Generic Ambien List issue is having an opportunity to compete. Your suggestion about switching approach to Generic Ambien List higher end textiles is a smart one that I hope the Generic Ambien List ‘powers that be’ have Generic Ambien List factored that into the equation cause it would make a world of difference. And GAP wouldn’t do anything in Nigeria with the Generic Ambien List lack of infrastructure and security. Just not worth it.

    @ Loomine: To get around the Generic Ambien List slow struggle to adequate infrastructure, the government (state/federal/local) must make it Generic Ambien List easier for average Nigerians to get stuff done. For instance, no Generic Ambien List tarriffs on importing solar panels or windmills to be used in commercial manufacturing, less taxes or Generic Ambien List subsidizing manufacturers who purchase diesel/petrol. That could however, affect tax revenue for Generic Ambien List the government but, in the long run would allow for the Generic Ambien List creation of local industries that can compete (hopefully), and generate more revenue that can be taxed/tapped into.

    Anyway, I again say thanks for Generic Ambien List raising this. Reading the comments is helping to think through some of the Generic Ambien List issues. But, it also is frustrating that we are even having this Generic Ambien List conversation (though needed) because I know that Generic Ambien List there are people who have already figured out possible solutions and Generic Ambien List we should be able to call someone up and find out what, if anything, the Generic Ambien List government and other leaders in Nigeria plan to specifically do to Generic Ambien List remedy the situation. I wish we were discussing the merits of the Generic Ambien List PLAN that elected officials will implement. Thanks nonetheless.

    NIGERIAN CURIOSITY
    IT WAS SO MUCH EASIER WHEN I ONLY HAD ONE…
    @ Loomnie:

  • http://www.nigeriancuriosity.com solomonsydelle

    @ Random African: I can’t help myself so I will simply say it. “Well, duh!” of course it could make Chinese products cheaper but let’s not miss the Generic Ambien List point. The point is to make Nigerian products competitive with Chinese products because aas Loomnie stated, ‘Made in China’ products aren’t going anywhere. To me the Generic Ambien List issue is having an opportunity to compete. Your suggestion about switching approach to Generic Ambien List higher end textiles is a smart one that I hope the Generic Ambien List ‘powers that be’ have Generic Ambien List factored that into the equation cause it would make a world of difference. And GAP wouldn’t do anything in Nigeria with the Generic Ambien List lack of infrastructure and security. Just not worth it.

    @ Loomine: To get around the Generic Ambien List slow struggle to adequate infrastructure, the government (state/federal/local) must make it Generic Ambien List easier for average Nigerians to get stuff done. For instance, no Generic Ambien List tarriffs on importing solar panels or windmills to be used in commercial manufacturing, less taxes or Generic Ambien List subsidizing manufacturers who purchase diesel/petrol. That could however, affect tax revenue for Generic Ambien List the government but, in the long run would allow for the Generic Ambien List creation of local industries that can compete (hopefully), and generate more revenue that can be taxed/tapped into.

    Anyway, I again say thanks for Generic Ambien List raising this. Reading the comments is helping to think through some of the Generic Ambien List issues. But, it also is frustrating that we are even having this Generic Ambien List conversation (though needed) because I know that Generic Ambien List there are people who have already figured out possible solutions and Generic Ambien List we should be able to call someone up and find out what, if anything, the Generic Ambien List government and other leaders in Nigeria plan to specifically do to Generic Ambien List remedy the situation. I wish we were discussing the merits of the Generic Ambien List PLAN that elected officials will implement. Thanks nonetheless.

    NIGERIAN CURIOSITY
    IT WAS SO MUCH EASIER WHEN I ONLY HAD ONE…
    @ Loomnie:

  • http://loomnie.com/ loomnie

    @Random African: Of course! Ever heard of Hitarget and its various incarnations?

    @SolomonSydelle: Yea, it Generic Ambien List would have been nice if we were discussing real policy issues, wouldn’t it? And it Generic Ambien List would have been beautiful if we could have access to those who Generic Ambien List have thought about this. But that is the beauty of blogs isn’t it? In this sphere we can discuss things as they occur to us.

  • http://loomnie.com loomnie

    @Random African: Of course! Ever heard of Hitarget and its various incarnations?

    @SolomonSydelle: Yea, it Generic Ambien List would have been nice if we were discussing real policy issues, wouldn’t it? And it Generic Ambien List would have been beautiful if we could have access to those who Generic Ambien List have thought about this. But that is the beauty of blogs isn’t it? In this sphere we can discuss things as they occur to us.

  • http://shakara.wordpress.com/ Random African

    oh gosh.
    no never heard of Hitarget before.
    *cries about my ignorance*

  • http://shakara.wordpress.com Random African

    oh gosh.
    no never heard of Hitarget before.
    *cries about my ignorance*

  • http://loomnie.com/ loomnie

    Well anyway… it didn’t get into the market until about 2003.

  • http://loomnie.com loomnie

    Well anyway… it didn’t get into the market until about 2003.

  • Peter

    I am Generic Ambien List very passionate about this textile issue becuase i am a Generic Ambien List shareholder of the only surviving textile company on the stock exchange i.e. United Nigeria Textile PLC (UNT PLC).
    Personally i don’t believe that Generic Ambien List China is the problem but it looks more like a case of dead management on the Generic Ambien List part of most textile firms in Nigeria. The average Nigerian textile company complains from Generic Ambien List now till heavens come about the Chinese but have you ever seen any textile advert in the Generic Ambien List last 5 years or more in Nigeria? No. Interestingly companies like Asokombo in Ghana which surprisingly is Generic Ambien List owned by the same Chinese management i.e. CHA group of China who Generic Ambien List run UNT PLC in Nigeria (the Kaduna plant of this company closed last year) runs advert in Ghana to Generic Ambien List create awareness for their product. I wonder how people will buy what Generic Ambien List they don’t know about, it seems textile firms don’t understand the power of marketing and advertising their products.
    Textile firms also complain about cheaper chinese products, like a Generic Ambien List comment on this site there is nothing wrong with textile companies producing cheaper Ankara (which is what most of them make anyway) for Generic Ambien List the masses and equally create a high end product for the Generic Ambien List top end market.
    Textile firms also raise the Generic Ambien List issue of high cost of funds from banks, this also shows that Generic Ambien List the management of most of these companies are either asleep or Generic Ambien List not in tune with reality. A big company like UNT PLC for Generic Ambien List example(with a turnover of almost 20BN last year) and Generic Ambien List reputed to be the biggest textile firm in West Africa should not have Generic Ambien List any problem rasing money from the Nigeria Stock Market since they are Generic Ambien List quoted. If smaller companies with turnover of less than 2BN can Generic Ambien List be raising money from the stock market i wonder what the Generic Ambien List textile firms are waiting for.Instead the average textile company is busy waiting for Generic Ambien List the Nigeria govt. to come to teir rescue with loans packaged for Generic Ambien List them.
    In conclusion i agree that Generic Ambien List the textile firms have problems with infrastructure, multiple taxation e.t.c but their management should also sit up and Generic Ambien List be proactive in their approach to solving their problem. They should do what Generic Ambien List other well run companies are doing i.e. marketing, differential products for Generic Ambien List differenct market segment i.e. low end and upper end, equally look at other ways of sourcing funds i.e. the Generic Ambien List stock market.

  • Peter

    I am Generic Ambien List very passionate about this textile issue becuase i am a Generic Ambien List shareholder of the only surviving textile company on the stock exchange i.e. United Nigeria Textile PLC (UNT PLC).
    Personally i don’t believe that Generic Ambien List China is the problem but it looks more like a case of dead management on the Generic Ambien List part of most textile firms in Nigeria. The average Nigerian textile company complains from Generic Ambien List now till heavens come about the Chinese but have you ever seen any textile advert in the Generic Ambien List last 5 years or more in Nigeria? No. Interestingly companies like Asokombo in Ghana which surprisingly is Generic Ambien List owned by the same Chinese management i.e. CHA group of China who Generic Ambien List run UNT PLC in Nigeria (the Kaduna plant of this company closed last year) runs advert in Ghana to Generic Ambien List create awareness for their product. I wonder how people will buy what Generic Ambien List they don’t know about, it seems textile firms don’t understand the power of marketing and advertising their products.
    Textile firms also complain about cheaper chinese products, like a Generic Ambien List comment on this site there is nothing wrong with textile companies producing cheaper Ankara (which is what most of them make anyway) for Generic Ambien List the masses and equally create a high end product for the Generic Ambien List top end market.
    Textile firms also raise the Generic Ambien List issue of high cost of funds from banks, this also shows that Generic Ambien List the management of most of these companies are either asleep or Generic Ambien List not in tune with reality. A big company like UNT PLC for Generic Ambien List example(with a turnover of almost 20BN last year) and Generic Ambien List reputed to be the biggest textile firm in West Africa should not have Generic Ambien List any problem rasing money from the Nigeria Stock Market since they are Generic Ambien List quoted. If smaller companies with turnover of less than 2BN can Generic Ambien List be raising money from the stock market i wonder what the Generic Ambien List textile firms are waiting for.Instead the average textile company is busy waiting for Generic Ambien List the Nigeria govt. to come to teir rescue with loans packaged for Generic Ambien List them.
    In conclusion i agree that Generic Ambien List the textile firms have problems with infrastructure, multiple taxation e.t.c but their management should also sit up and Generic Ambien List be proactive in their approach to solving their problem. They should do what Generic Ambien List other well run companies are doing i.e. marketing, differential products for Generic Ambien List differenct market segment i.e. low end and upper end, equally look at other ways of sourcing funds i.e. the Generic Ambien List stock market.

  • Momodu, I.M

    Nigeria is Generic Ambien List traditionally rich in textile weaving. There is the need to encourage local “traditional” textile cloth weaving and Generic Ambien List manufacturing. It is environmentally friendly, generates employment in the rural as well as urban areas, it Generic Ambien List is highly durable and stress free when it comes to import restrictions. All we need is Generic Ambien List the will power like the Indians, Chinese etc who no matter what Generic Ambien List prefer their home made products. To me if Nigeria cannot cloth herself, let her go naked; if she cannot feed herself let her go hungry

  • Momodu, I.M

    Nigeria is Generic Ambien List traditionally rich in textile weaving. There is the need to encourage local “traditional” textile cloth weaving and Generic Ambien List manufacturing. It is environmentally friendly, generates employment in the rural as well as urban areas, it Generic Ambien List is highly durable and stress free when it comes to import restrictions. All we need is Generic Ambien List the will power like the Indians, Chinese etc who no matter what Generic Ambien List prefer their home made products. To me if Nigeria cannot cloth herself, let her go naked; if she cannot feed herself let her go hungry

  • oxytech

    Read through and Quite obvious:

    Cost of production(taxes, electricity, labour, modern technology, funds, etc) is lower in china, thus cost of product is cheaper.

    The larger % of consumer that patronises the “Ankara” prints want cheaper products.

    The China quality might not be Generic Ambien List the best, but the quality received for this cheap price is Generic Ambien List acceptable to the consumer i.e. the consumer is willing to overlook the Generic Ambien List poor quality because of the very low price.

    The “Ankara” prints are regularly bought for ceremonies (group representation) and Generic Ambien List consumer is planning to use it just once or twice, and Generic Ambien List not flog it, so the advantages of a good quality product (colour,wear&tear,feel, etc) after repeated use is unnecessary.

    GDP is Generic Ambien List crashing in Nigeria and inflation is shooting up thus less spending money, so consumer can Generic Ambien List only afford cheaper products.

    Why spend 2000 for Generic Ambien List product that last 3 mths than spend 10000 for a product that Generic Ambien List last 4yrs.
    Answer: I can only save 2000 in a year!

    With foot dragging, corrupt, insincere ruling class etc, cost of production will never be Generic Ambien List cheaper than China in the near future – CHINA PRODUCTS HAVE COME TO STAY!

  • oxytech

    Read through and Quite obvious:

    Cost of production(taxes, electricity, labour, modern technology, funds, etc) is lower in china, thus cost of product is cheaper.

    The larger % of consumer that patronises the “Ankara” prints want cheaper products.

    The China quality might not be Generic Ambien List the best, but the quality received for this cheap price is Generic Ambien List acceptable to the consumer i.e. the consumer is willing to overlook the Generic Ambien List poor quality because of the very low price.

    The “Ankara” prints are regularly bought for ceremonies (group representation) and Generic Ambien List consumer is planning to use it just once or twice, and Generic Ambien List not flog it, so the advantages of a good quality product (colour,wear&tear,feel, etc) after repeated use is unnecessary.

    GDP is Generic Ambien List crashing in Nigeria and inflation is shooting up thus less spending money, so consumer can Generic Ambien List only afford cheaper products.

    Why spend 2000 for Generic Ambien List product that last 3 mths than spend 10000 for a product that Generic Ambien List last 4yrs.
    Answer: I can only save 2000 in a year!

    With foot dragging, corrupt, insincere ruling class etc, cost of production will never be Generic Ambien List cheaper than China in the near future – CHINA PRODUCTS HAVE COME TO STAY!

  • http://nil Ets Ekmeres Cie Ltd

    Gentlemen,
    We are Generic Ambien List looking for Manufacterer of Stockings in Nigeria for immediate order of School Pupils Stockings
    Regards
    Okala

  • Ets Ekmeres Cie Ltd

    Gentlemen,
    We are Generic Ambien List looking for Manufacterer of Stockings in Nigeria for immediate order of School Pupils Stockings
    Regards
    Okala

  • Mr. Peter

    pls how can i know the production location of hitarget wrapper material?

  • Mr. Peter

    pls how can i know the production location of hitarget wrapper material?