NewStats: 3,264,231 , 8,183,052 topics. Date: Tuesday, 10 June 2025 at 09:24 AM 4z2f2j

If u want your business to collapse start giving out things on credit to Nigerian.

I am talking from my own personal experience.

A debtor that is owing me ordinary 48k can not pay,yet , recently he bought Samsung Galaxy S10plus,

I was going through his newly bought phone when alert of 14k came in. His total balance on that day was 426k.

As for me, since this issue of no cash happened.i have learnt it in a big way,that 99% 0f Nigerian are people u shouldn't pity or help or borrow them money because las las u go don turn bad person

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

Nigerians don't like paying their debt. They will be friendly while collecting the things on credit but when it's time to pay back, the seller will see war

segaloo:
help me sir I'm sick and have nothing to eat

Beggar. Well done

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

Today credit kills business. People ain't honest like it was in the 70's&80s

Open Your Shop And Sell Things On Credit To Nigerians And Come And Give Me Report

jmoore:
They give credit but you have to come tomorrow to benefit from the credit.

and there will be tomorrow again after tomorrow. Tomorrow will never finish. So it simply means no credit.

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

When you open your personal business, you can start giving on credit. Don't forget to come back and open another thread here

weytin u type no mak sense, u wan buy credit and you dey laugh like a fool who just won a lottry, will the seller be willing to grant it

Integrity issue. Most Nigerians don't pay debts.

Depsui:


The Yoruba's have a provide that describes what you wrote. "San laarin, aje ni n muni pekoro"

I don't know the meaning of what u wrote o

They start buying from somewhere else so to avoid paying the debt

Foodqueen:


I don't know the meaning of what u wrote o

I wish I could send a voice note, you must have heard the proverb before. I meant proverb not provide.

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

I hate people who buy credit from me.. i personally have this dislike for them.

I'll sell my land to buy goods from China, pay them cash, pay shipping and customs clearing to come and sell to you on credit? Lol
Why you no go neet chinese to give you the goods on credit
My dad taught me that the day you give credit that day you've lost that customer
E no go near your shop again.
I'd rather have the goods in my warehouse than lose it on the promise of I go pay later.
If your money no complete, go and save up

Foodqueen:
To buy credit is easy, to pay back is a big problem to so many people.

When u sell credit to people that u will normally see everyday, they will change their route, and u won't get to see them again till u go to their house or jam them on the road.

I can't give example, my eye don see shege.

Hahahahahahahaha

Why da fork would you wanna buy things on credit or ask for credit?

The same reason why they smile when you pay cash

I may disagree on this, because why growing up my mum used to sell yam wholesale, there is this Hausa man that bought about 300 tubers of yam from my mum on credit, he sold the yam and ran away to the north

uche393:
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.

People are hard to please. Give them something on credit, tomorrow you become their enemy. Same thing goes with giving them loan. To receive money is easy but to pay back is difficult.

When you give credit and keep going like that you won't go far... That will weigh down your progress..

thesilentman:
My father told me that when he was a shop-keeper in Jos in the 70s,they used to have the credit and the cash department.You could walk into many stores at any given time and buy things on credit and the shop-keepers would sell to you with the same enthusiasm as with cash buyers.
Nigerians don't take credit purchases on a friendly note.Most shops have signs that says "No credit today,come tomorrow!".Whereas credit is normal thing elsewhere.This issue is even particular to yoruba people who says that they have not had their first sale and it's rather too early in the morning.
Is it our economy system?
PS: I don't buy things on credit o.Just my observation.

Credit is based on trust but sadly... No trust in these Treets

Giving people goods or working for people on credit is like driving ur customers away..once they owe u they will never patronise ur shop again especially yoruba people

Because we don't pay debt in this country. Credit sales hardly ends well

snowland:
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.

Best is to call them and appeal to them to pay you gradually. That they shouldn't wait to pay back in bulk.
You may need to result to constant calls and subtle threats...

Nigerians and abuse of privilege are like coned twins. Sell to them on credit today, they'll come back buying on credit tomorrow and the day after. They will accumulate debts but when they're asked to pay, they will take offense. Some will pay in ridiculous instalments that will ruin both capital and profit of the business. An hairdresser in my area recently told me that the first thing she asks those that want to make their hair is if they brought money. If they start spinning stories, she tells them to go elsewhere or come back when they're with money. She'd rather sit idle than work on credit because of the shege she has seen in the hands of these wicked debtors. Those selling foodstuffs and edibles have had it worst with them debtors. To collect on credit is sweet, but to pay back na war! One even almost physically assaulted a seller that sold bread to her for daring to ask for money after over a week right before my eyes. So many instances have made to realize that selling to Nigerians on credit is at your own risk.

snowland:
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.

.

NnamdiN:
I'll sell my land to buy goods from China, pay them cash, pay shipping and customs clearing to come and sell to you on credit? Lol
Why you no go neet chinese to give you the goods on credit
My dad taught me that the day you give credit that day you've lost that customer
E no go near your shop again.
I'd rather have the goods in my warehouse than lose it on the promise of I go pay later.
If your money no complete, go and save up

Who in his right senses sell land to buy goods in whatever form? Goods u will be selling 10k 20k and 50k daily and eat the money? U will sell an asset like a landed property to buy goods in the shop and use it to eat? Am finally giving up on Nigerians!

Honeydenz:

Who in his right senses sell land to buy goods in whatever form? Goods u will be selling 10k 20k and 50k daily and eat the money? U will sell an asset like a landed property to buy goods in the shop and use it to eat? Am finally giving up on Nigerians!

this was disrespectful but I'll address it. As a business person, you're primarily a risk taker, your landed asset would still be there if you died of hunger,but you sell it, raise capital, invest in a business, make plenty money and buy more Landed properties. From having just one, you now have like 10, or about 5 and counting in my case, and enough money to leave a shithole country like Nigeria .... so you didn't sell it for just 10k,20k 50k daily, even if you did, how many Nigerians make 50k daily?

NnamdiN:
this was disrespectful but I'll address it. As a business person, you're primarily a risk taker, your landed asset would still be there if you died of hunger,but you sell it, raise capital, invest in a business, make plenty money and buy more Landed properties. From having just one, you now have like 10, or about 5 and counting in my case, and enough money to leave a shithole country like Nigeria .... so you didn't sell it for just 10k,20k 50k daily, even if you did, how many Nigerians make 50k daily?

Am still not convinced
Am a business woman and I own a shop filled with goods, there's no way you will buy multiple lands in a shop while from doing business except over a long period of time, like 6 years and above. That said, robbing Peter to pay Paul is never wise, an idea. Landed property what is otherwise called Real estate is a business on it's own and only few shop and warehouse owners can compete with it

Honeydenz:


Am still not convinced
Am a business woman and I own a shop filled with goods, there's no way you will buy multiple lands in a shop while from doing business except over a long period of time, like 6 years and above. That said, robbing Peter to pay Paul is never wise, an idea. Landed property what is otherwise called Real estate is a business on it's own and only few shop and warehouse owners can compete with it

2 people can do same business, one makes it in 3 years, another struggles for 15 years.
We're not all the same. I'm also not tryna convince you. Believe what you want

NnamdiN:
2 people can do same business, one makes it in 3 years, another struggles for 15 years.
We're not all the same. I'm also not tryna convince you. Believe what you want

Your comments shows you haven't done any business as a matter of fact. You think business is salary work? Go and open a shop and see things for yourself. Or you think business is all about making profits? Do u know what we call unforeseen expenses? Operational costs? Loss? Running expenses? Council officials and tax collectors weekly visits? Theft (boys bursting your shop and doing fake transfers), what about those customers buying on credit and then avoid your shop afterwards? Landlord asking for 3 years upfront payment and subsequent rent increment as your business progresses? Aren't you going to feed? And if you have a family, feed them? Lazy/jobless relatives that's calling for financial help from time to time nko? You won't pay house rent or kid's school fees? Before you can even buy a car, multiple HAPPY NEW YEAR have been yelled at your ears. 10 lands Koh, 325 lands ni!

People who haven't engaged in business thinks it's easy, you better hold that salary job of yours very tightly!

Honeydenz:

Your comments shows you haven't done any business as a matter of fact. You think business is salary work? Go and open a shop and see things for yourself. Or you think business is all about making profits? Do u know what we call unforeseen expenses? Operational costs? Loss? Running expenses? Council officials and tax collectors weekly visits? Theft (boys bursting your shop and doing fake transfers), what about those customers buying on credit and then avoid your shop afterwards? Landlord asking for 3 years upfront payment and subsequent rent increment as your business progresses? Aren't you going to feed? And if you have a family, feed them? Lazy/jobless relatives that's calling for financial help from time to time nko? You won't pay house rent or kid's school fees? Before you can even buy a car, multiple HAPPY NEW YEAR have been yelled at your ears. 10 lands Koh, 325 lands ni!

People who haven't engaged in business thinks it's easy, you better hold that salary job of yours very tightly!

lmao you have no idea whom you're talking to so let's leave it that.