Okrika wears also known as Bend Down Select or second-hand wears are fairly used clothing materials and accessories like dresses, shoes, sandals and bags usually imported into Nigeria and sold according to their qualities from First grade to Second grade, while a Bale is the unit of measurement for selling of heaps of used clothes in the textile markets.
It is no longer news that sale of used clothes in the West African country, Nigeria is on the increase, booming and have become a commodity in an average Nigerian household. Even when the government have taken strict measures against it in 2019, the Okrika clothes or Tokumbo products business still thrives and doesn’t show any sign of possible blink in the future. A critical look into why the government decided to restrict importation of fairly used wears, reveals some economic consequences, imperialism and loss of cultural identity. However, the citizenry have objected to the goverment’s stand, on grounds that these OK clothes are very much of standard, affordable and long-lasting when compared to the brand new ones as Vanguard news posit.
Cost of starting Used clothe business
Trading on second-hand clothes has been adjudged by most successful Nigerian business men and women to be a low capital, high returns venture of the 21st century especially in Africa. A gold mine that gives quick ROI. You can start the business now with ₦25,000 (five figures) and make up to Six figures in the next three months. The market demand is there already and there is nothing much to risk since Nigerians are willing to patronize it over locally produced casual wears.
Price of second-hand clothes
A smaller percentage of these used textile materials are sourced from the United Kingdom among other countries while a larger junk of the market share are filled with clothes, bags and shoes from Cotonou, the economic flag-bearer of Benin. Here, clothes are repackaged according to grade, gender & fashion taste and sold in bulk per weighing units or Bales. The number of second-hand clothes in a bale is between 150 – 300 pieces, while 6 to 7 typical garments weigh up to 1 kg. The average price of 1 kg of used clothes is $5.10 USD in Cotonou and can be sold for more than ₦11,500 in Nigeria. That is how profitable it is trading on fairly used clothes. The price for a bale of used clothes is between ₦250,000 to ₦500,000 in Nigeria. At this point, I think it will be pertinent to answer this particular question. A lot of BetaPrices users ask: how much is a 100kg bale of first grade Okrika? Now from what I have gathered so far, The price of 100kg of First grade Okrika is between ₦200,000 to ₦250,000
Cost Analysis of Okrika wears
Below is a detailed breakdown of the likely selling cost of these fashion materials in Nigeria. The cost price differs according to whether it is bigger bale or smaller bale.
Where to buy wholesale used clothes in Lagos
You can buy second-hand clothes at cheap prices from suppliers in the following markets
- Katangua market at Abule Egba
- International Trade Fair at Onikan, Lagos Island
- Akube stores in Ikeja
- Oshodi market
- Tejuosho Ultramodern Shopping Centre at Ojuelegba Rd, Yaba
- Bali market in Lagos Island
- Yaba market at Yaba bus stop
- Aswani Market at Osolo Way, Isolo
- Balogun Market in Lagos Island
Visit these places also to buy your fairly used shoes, sandals, clothes and bags at affordable prices.
Originally posted 2023-05-16 07:48:46.
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