There are uncountable reasons why its cheaper and easier to do business or buy goods from Onitsha. I may not wirte all but will give the basic ones
1.Proximity
Onitsha is a commercial city with less land mass. You can move across the city within 30mins. The various markets in the city is not far from each other thereby offering you the convenience to do Biz in the city. For example ,moving from main market to building material market takes only 10mins and can cost N100 for transport.
2. Large Concentration of importers/Varieties
The markets in onitsha has importers in virtually all items. That is why it is easy to find and buy almost all the varieties of items u might need here. Also it makes the prices affordable. There are some items you can buy cheaper in onitsha than in lagos even though all cargos and shipments come almost through lagos ports. There are different markets for different items. Eg main market( for general goods- clothes,articles, phones,accessories), building material market, Shoe site market, Stockfish market, aluminium profiles markets, spare parts market etc.
U can get varieties of any type of goods u desire. remember what they said about variety being the spice of life
3. Affordable freight/ Transportation
This is one of the areas onitsha has a higher advantage over other commercial cities. Here in onitsha, u can get transport vehicles/lorries going to virtually all parts and states of Nigeria and even outside Nigeria like Cameroon, Ghana etc. Its not only availability but also its cheap and affordable. For example you can send goods or package from onitsha to Sokoto, Kano, Yola, etc at the cost of N1000. While sending goods from a location in lagos to another location in lagos costs same amount.Its so because there are many transport companies that transverse through Nigeria here in onitsha. For example, going from Onitsha to Sokoto which is a very far distance can take u only 10hours in a luxury bus. So u can come to onitsha from sokoto to buy goods and be back at sokoto the next day. Do u know u can go to lagos from Onitsha via a bus with N2000 if u dont hwve muchnmoney to board regular bus. Just go to asaba from onitsha and board a bus. And so with other locations throughout Nigeria
4. Good Infrastructure/Hospitality sector.
Thanks to the government of Peter Obi, onitsha has well inter connected roads. Also other amenities like schools, hospitals, hotels. You can get very good hotels at a cheaper rates. Even house rent in onitsha is generally cheap. You can get a 3bedroom flat for N240,000 The city is also well secured due to the empowerment of the various security agencies. Financial institutions like banks are scattered everywhere in the city. So getting money is easier.
This town does not encounter communal or sectorial crisis so there is peace.
5. Affordable goods
As I said earlier that Onitsha has a cluster of many importers. This makes it easy to buy goods at cheapest rate than elsewhere in Nigeria. Except foodstuffs that is generally brought down from north to east, virtually u can buy all other items at the most affordable rate here.
6. Cheap Rent
Generally its no news that rent in Onitsha is generally cheaper than most locations in Nigeria. You can get monthly shop rents ranging from N3000 - N30000 in big markets here. Even house rent comes cheap too compared to other locations. N180000 can get you a comfortable 2 or 3bedroom flats in the heart of the city. Such amount may get you only a self con apartment in lagos.
7. You can add yours
List of Popular Markets in Onitsha
1. Main market, Onitsha.
2. Ose Market, Onitsha
3.Ochanja Market ,Onitsha
4. Relief Market,Onitsha .
5. Stockfish International Market, Onitsha
6. Mgbuka old spare parts market, Obosi.
7. New spare parts market, Nkpor.
8. New Tyre market, Nkpor.
9. Building Material market, Ogidi.
10. Baking material market, Ogidi.
11. POWs market, Onitsha.
12. Building material market,portharcour road, Onitsha.
13. Aluminium Profile & accessory mamarket, Onitsha.
14. Shoe Site market, Onitsha.
15. Electronics Market, Onitsha.
16. Electrical Market, Obosi.
17. Ogbogwu international market, Onitsha.
18. Wood and timber market, onitsha
19. plywood and furniture accessory market, Ogbunike
20. provision market, Ogidi
21. Leather and upholstery cloth market, ogidi
22, Bicycle Parts market, Ogbunike.
23. Foodstuff market, beside army barracks , Onitsha.
24. Afia coke, onitsha
All these markets mentioned above are heavily stocked and is of international standard. You can get almost all brands of goods there.
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