In essence, let the market determine weather porsche in Nigeria is a good business decision or not.
Ola
Ola:
There is much more to this matter than the issue of whether setting up dealerships in Nigeria is a good or bad
business decision for Porsche Corporation. Porsche would have already done its market research and must have
concluded that there will be sufficient demand for its products to make such a venture profitable
in the Nigerian market. For starters. Porsche would only be a late comer considering its competitors in the luxury market
Mercedes, Audi, Cadillac. Linclon, Lexus, Infiniti etc. are already doing business through their dealerships in Nigeria.
What should be our concern as Nigerian citizens is the net value of such business ventures to the Nigerian economy as
a whole and the over all interest of all Nigerians. Are we better off depleting our foreign reserves to pay for imported
luxury automobiles or should government policy be favoring the importation of those goods which will generate more jobs
in Nigeria through manufacturing or assemblage of parts that we can not produce at home?
Regardless of whether or not there are Porsche dealerships in Nigeria, wealthy citizens (mostly through corrupt means)
will continue to buy the vehicles overseas and then ship them to Nigeria. The location of the dealerships in Nigeria
only brings the product closer to the customer. It also negates the need to transfer money in hard currency abroad
to make the purchase.
The FGN could derive some revenue by putting a stiff tarriff on the importation of expensive automobiles. But would such
tarriffs compensate for the jobs lost (or not created) because of this alternate use of our foreign reserves?
Bye,
Ola
---- Original Message ----
From: oolawuyi@yahoo.com
To: OmoOdua@yahoogroups.com; Ola Kassim <OlaKassimMD@aol.com>; NigerianID@yahoogroups.com; philipphilipus@yahoo.com; USAAfricaDialogue@googlegroups.com; NaijaPolitics@yahoogroups.com; NIgerianWorldForum@yahoogroups.com; nigerianscanada@yahoogroups.com
Sent: Tue, Sep 6, 2011 1:54 am
Subject: [NaijaPolitics] Re: [OmoOdua] Re: NigerianID | Porsche Opens Dealership In Nigeria
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From: oolawuyi@yahoo.com
To: OmoOdua@yahoogroups.com; Ola Kassim <OlaKassimMD@aol.com>; NigerianID@yahoogroups.com; philipphilipus@yahoo.com; USAAfricaDialogue@googlegroups.com; NaijaPolitics@yahoogroups.com; NIgerianWorldForum@yahoogroups.com; nigerianscanada@yahoogroups.com
Sent: Tue, Sep 6, 2011 1:54 am
Subject: [NaijaPolitics] Re: [OmoOdua] Re: NigerianID | Porsche Opens Dealership In Nigeria
I think if Porsche sells a thousand cars a year, then they will be considered to have done very well!. I suppose the question now is weather we have a thousand Nigerians who would like a Porsche and have acquired their money through legal means.
In essence, let the market determine weather porsche in Nigeria is a good business decision or not.
Ola
In essence, let the market determine weather porsche in Nigeria is a good business decision or not.
Ola
Sent from my BlackBerry wireless device from MTN
From: rotimi_osunsan@yahoo.com
Sender: OmoOdua@yahoogroups.com
Date: Mon, 5 Sep 2011 21:41:48 +0000
To: Ola Kassim<OlaKassimMD@aol.com>; <NigerianID@yahoogroups.com>; <philipphilipus@yahoo.com>; <USAAfricaDialogue@googlegroups.com>; <NaijaPolitics@yahoogroups.com>; <NIgerianWorldForum@yahoogroups.com>; <omoodua@yahoogroups.com>; <nigerianscanada@yahoogroups.com>
ReplyTo: OmoOdua@yahoogroups.com
Subject: [OmoOdua] Re: NigerianID | Porsche Opens Dealership In Nigeria
Aha!
Porsche wants a share of our ill-gotten wealth. The company cares less about motorability of the road or our income per capital.
This is another local industry devastating dumping at best when Nigeria is still struggling with car production.
Have you tasted the greasy KFC yet?
Hon. Rotimi Osunsan
Lagos
(Washington DC)
Porsche wants a share of our ill-gotten wealth. The company cares less about motorability of the road or our income per capital.
This is another local industry devastating dumping at best when Nigeria is still struggling with car production.
Have you tasted the greasy KFC yet?
Hon. Rotimi Osunsan
Lagos
(Washington DC)
Sent via BlackBerry by AT&T
From: OlaKassimMD@aol.com
Sender: NigerianID@yahoogroups.com
Date: Sun, 04 Sep 2011 23:50:23 -0400
To: <philipphilipus@yahoo.com>; <NigerianID@yahoogroups.com>; <USAAfricaDialogue@googlegroups.com>; <NaijaPolitics@yahoogroups.com>; <NIgerianWorldForum@yahoogroups.com>; <omoodua@yahoogroups.com>; <philipphilipus@yahoo.com>; <omoodua@yahoogroups.com>; <nigerianscanada@yahoogroups.com>
Subject: NigerianID | Porsche Opens Dealership In Nigeria
Luxury car manufacturer Porsche has opened a dealership in Nigeria reaffirming the country's status as the top economy of the world. This is great news for the Nigerian economy, however,it remains to be seen how successful the company will be.
http://on.fb.me/nAD1OM
Phillip:
Really!!!!
Is the existence of luxury car dealerships is now a legitimate measure of a nations economic status in the world?
How many good roads can the Porsche owners `race`their cars on outside of Abuja and the GRAs of the major cities
in Nigeria without running into potholes some large enough to swallow five to ten cars, even in the dry season not to
mention the huge ponds on the roads in the wet season?
Nigerians--not just the Yoruba need to Ronu (need to think deeply / engage in a deep reflection
Is the existence of luxury car dealerships is now a legitimate measure of a nations economic status in the world?
How many good roads can the Porsche owners `race`their cars on outside of Abuja and the GRAs of the major cities
in Nigeria without running into potholes some large enough to swallow five to ten cars, even in the dry season not to
mention the huge ponds on the roads in the wet season?
Nigerians--not just the Yoruba need to Ronu (need to think deeply / engage in a deep reflection
(abi na meditate sef) about the mess we are in and the relentless
retrogressive direction of the wheels of economic``progress`` in our motherland.
Apart from the 0.001% of the Nigerian population
who exist in a different cocoon of their own, the kinds that can afford to pay cash for luxury automobiles
such as for a Porsche or the most expensive Mercedes,
Audi, BMW etc, I doubt if the opening of a Porsche dealership in Nigeria would bring any
tangible economic benefit for our people
To the contrary the importation of expensive automobiles and other luxury items has a huge negative impact on the Nigerian economy
due to its negative effect on the balance of trade account of the nation which in turn has the potential to lower her credit rating
and the value of the Naira.
Have you ever imagined how many barrels of crude oil Nigeria (essentially a mono economy) has to pump and sell to the rest of the world in order to pay for each imported Porsche automobile from Germany?
The thieving and incompetent politicians are not solely responsible for the mess in Nigeria.
All citizens are responsible, either by acts of commission or omission--the rich by their selfish me only attitude and their inordinate greed and the rest of the population including the
educated struggling middle class whose numbers are dwindling rapidly and the rest of the population (sans the newborns and those of who are not yet of age)
both for their docility and their apparent nonchalance about the mess and all the corrupt practices that pervade official and private lives in the country.
Unfortunately for Nigeria and Nigerians the political leaders have no moral authority to proclaim a ban on the importation
of luxury products --considering they are the most addicted to these luxury items!
Bye,
Ola
retrogressive direction of the wheels of economic``progress`` in our motherland.
Apart from the 0.001% of the Nigerian population
who exist in a different cocoon of their own, the kinds that can afford to pay cash for luxury automobiles
such as for a Porsche or the most expensive Mercedes,
Audi, BMW etc, I doubt if the opening of a Porsche dealership in Nigeria would bring any
tangible economic benefit for our people
To the contrary the importation of expensive automobiles and other luxury items has a huge negative impact on the Nigerian economy
due to its negative effect on the balance of trade account of the nation which in turn has the potential to lower her credit rating
and the value of the Naira.
Have you ever imagined how many barrels of crude oil Nigeria (essentially a mono economy) has to pump and sell to the rest of the world in order to pay for each imported Porsche automobile from Germany?
The thieving and incompetent politicians are not solely responsible for the mess in Nigeria.
All citizens are responsible, either by acts of commission or omission--the rich by their selfish me only attitude and their inordinate greed and the rest of the population including the
educated struggling middle class whose numbers are dwindling rapidly and the rest of the population (sans the newborns and those of who are not yet of age)
both for their docility and their apparent nonchalance about the mess and all the corrupt practices that pervade official and private lives in the country.
Unfortunately for Nigeria and Nigerians the political leaders have no moral authority to proclaim a ban on the importation
of luxury products --considering they are the most addicted to these luxury items!
Bye,
Ola
-----Original Message-----
From: philipphilipus <philipphilipus@yahoo.com>
To: NigerianID@yahoogroups.com
Sent: Sun, Sep 4, 2011 4:14 am
Subject: NigerianID | Porsche Opens Dealership In Nigeria
From: philipphilipus <philipphilipus@yahoo.com>
To: NigerianID@yahoogroups.com
Sent: Sun, Sep 4, 2011 4:14 am
Subject: NigerianID | Porsche Opens Dealership In Nigeria
Luxury car manufacturer Porsche has opened a delearship in Nigeria reaffirming the country's status as the top economy of the world. This is great news for the Nigerian economy, however,it remains to be seen how successful the company will be.
http://on.fb.me/nAD1OM
http://on.fb.me/nAD1OM
__._,_.___
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Latest Version of Disclaimer released (December 15, 2005)
Forum members are reminded that NaijaPolitics is established to be a moderated forum for gavel-to-gavel discussion of political developments in Nigeria, Africa's largest democracy. Freedom of opinion/expression is inherent in NaijaPolitics. Views and opposing views expressed in NaijaPolitics forum are the rights of individual contributors. Mutual respect for people's views is the corner stone of our forum. Freedom of speech applied responsibly within the guiding parameters of Yahoo! Inc (our hosts) and NaijaPolitics Rules and Guidelines (broadcast monthly and accessible to all subscribers in our archives) is our guiding principle. Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.
NaijaPolitics is division of Afrik Network Groups.
Latest Version of Disclaimer released (December 15, 2005)
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