Please I need someone to explain it fully to me - like as if I'm 10yrs old.

Why exactly is the price of cement going up this way?? What exactly really happened?

Is the price only affecting Just Dangote Cement?
Or it also affected all the other cement brands like Bua and Elephant.??

No other reason than to fleece the populace.

Increase in cost of production, transportation etc... that is what you get in a dollar-dependent economy.

Oxb90:
No other reason than to fleece the populace.

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.
This headless mob attacking me for saying cost of production...i asked one to give an alternative explanation to mine and the farm tool said the reason is Tinubu . Na so sentiments go make you fail exam.

Open Google and type
WHO OWNS NIGERIA?
Then come back and let's discuss

Somebody doing a very terrible job managing the economy

Devaluation from N450 to N1,490 official rate within 9 months.

Inflation rate of 30%. And you expect prices of goods and services to remain the same?

Na wetin make them increase am.

Oxb90:
No other reason than to fleece the populace.

Who wants to fleece the populace? Cement Sellers, Dangote or Government?

Passionnn:
Open Google and type
WHO OWNS NIGERIA?
Then come back and let's discuss

Dangote owns Nigeria?

this is funny..and also worrying..
However you choose to see it,
Dangote seem to be bigger than Nigeria..
He is arguably the only man in Nigeria who breaks the rule and still win..

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.

Enemy of Nigeria! You wey dey use your dirty brain, is there any justification for 16k a price of a bag of cement that is produced in Nigeria and over 95% of its raw materials are locally sauced?

IT'S ESPECIALLY DUE TO DANGOTE'S GREED.


EVIL MAN

ABOKl FO0L ANI F0OL.

Oxb90:
Enemy of Nigeria! You wey dey use your dirty brain, is there any justification for 16k a price of a bag of cement that is produced in Nigeria and over 95% of its raw materials are locally sauced?

Is there any justification to take fuel price from N197 to near N1000 now

Or devalue naira from N452 to N1,490 within 8 months? Or have an inflation rate of 30%?

And you expect price of goods and services not to increase?

Kontinue


The best hotel in Nigeria used to be average of 120k per night

Now it is over 245k

Oya go and tell them to reduce their price na

Dangote definitely has nothing good to offer Nigerians as the richest man. He will soon face the wrath of the masses

Oxb90:
Enemy of Nigeria! You wey dey use your dirty brain, is there any justification for 16k a price of a bag of cement that is produced in Nigeria and over 95% of its raw materials are locally sauced?

Tell me the 95% raw materials thatvare sourced locally.

Lifemanage:
Dangote definitely has nothing good to offer Nigerians as the richest man. He will soon face the wrath of the masses

So Dangote is bigger than Tinubu who is the President & Commander in Chief of Armed forces?

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.

Dangote enjoys tax relief from the government. Limestone and other materials used for production is sourced locally and not imported. Cost of production alone is not enough for him to triple the price of his cement. It's funny how everyone blames farmers for hoarding grains and inflating prices for commodities but yet no one is talking about people like Dangote for doing same

Oxb90:
Enemy of Nigeria! You wey dey use your dirty brain, is there any justification for 16k a price of a bag of cement that is produced in Nigeria and over 95% of its raw materials are locally sauced?

Mumu, so because it's produced in Nigeria that has epileptic power supply and because the raw materials are locally sourced then it means the cost of production will not increase?
Limestone is mined from the quarry using heavy equipment that runs on diesel that is selling for over a thousand naira per liter. Others like gypsum are mostly imported and paid for in dollars which the naira cannot keep up with, coupled with the cost of diesel needed to run the cement factory and cost of transportation.... but a slow being like you believes the cement manufacturers just want to punish the masses.
Educate yourself you illiterate...or better still establish your cement factory so you can produce and sell for 1000 naira per 50kg bag. Banza kawaii.

MASTERCHIEF0847:
Increase in cost of production, transportation etc... that is what you get in a dollar-dependent economy.

If the materials for producing cement are sourced locally,, what has DOLLARS got to do with its cost of production.??

Nbote:


Dangote enjoys tax relief from the government. Limestone and other materials used for production is sourced locally and not imported. Cost of production alone is not enough for him to triple the price of his cement. It's funny how everyone blames farmers for hoarding grains and inflating prices for commodities but yet no one is talking about people like Dangote for doing same

BUA and LaFarge also increased the prices of their products too, BUA cement is even more expensive but it's okay you can continue with your Dangote-phobia...the poor like hating the rich
You clearly have no idea that limestone while available in Nigeria has to be mined using heavy machinery that guzzles diesel which sells for over 1000 naira per liter, and gypsum which is used in cement plants and it mostly imported in commercial quantities and paid in dollars which is very hard to come by in Nigeria and also cost of diesel for running the factory and transportation.
Person go just post crap because him get access to internet.
Control your coded envy and jealousy of Dangote. BUA too enjoys tax relief just like other heavy manufacturers like INNOSON but it's okay you can kee foaming from the mouth over Dangote a private businessman who is not responsible for policy formulations while ignoring the banza government you supported and voted for as well.

BluntCrazeMan:
If the materials for producing cement are sourced locally,, what has DOLLARS got to do with its cost of production.??

Have you ever been to a cement factory? Have you seen the mining equipment used for mining limestone? To even service those equipment you have to bring in expatriates who will be paid in dollars, spare parts will be paid in dollars, same as importing stuff like gypsum which is imported and paid for in dollars. Those mining equipment and spare parts are not produced by INNOSON so they have to be imported from Europe mostly and it's paid for in dollars.
At least do a little research on cement production before you display your ignorance na.

Tituxy:


Dangote owns Nigeria?

this is funny..and also worrying..
However you choose to see it,
Dangote seem to be bigger than Nigeria..
He is arguably the only man in Nigeria who breaks the rule and still win..

.

BodyCount:
IT'S ESPECIALLY DUE TO DANGOTE'S GREED.


EVIL MAN

ABOKl FO0L ANI F0OL.

.

Lifemanage:
Dangote definitely has nothing good to offer Nigerians as the richest man. He will soon face the wrath of the masses

.

Nbote:


Dangote enjoys tax relief from the government. Limestone and other materials used for production is sourced locally and not imported. Cost of production alone is not enough for him to triple the price of his cement. It's funny how everyone blames farmers for hoarding grains and inflating prices for commodities but yet no one is talking about people like Dangote for doing same

Why are you all talking about DANGOTE.??

Is he the only cement manufacturer in Nigeria??

What also happened to BUA Cement, Elephant Cement, and Lafarge Cement.??

Does it mean that they all planned together and continued raising the price of cement.??

(Even without Dangote’s input).

MASTERCHIEF0847:

Have you ever been to a cement factory? Have you seen the mining equipment used for mining limestone? To even service those equipment you have to bring in expatriates who will be paid in dollars, spare parts will be paid in dollars, same as importing stuff like gypsum which is imported and paid for in dollars. Those mining equipment and spare parts are not produced by INNOSON so they have to be imported from Europe mostly and it's paid for in dollars.
At least do a little research on cement production before you display your ignorance na.

When you say that something is dollar-dependent,, it means that more than 50% of its input are paid-for or procured in dollars.

You mentioned the procurement of Equipment, (you even mentioned INNOSON), just to sound funny.
But let me ask you, do they buy those equipments every week (or even every month)?
Are any of those equipments bought or procured within this period of hike in price?

For the operation of those equipments and their maintenance,, let me even assume that the expatriates are the ones who also do the operation of these equipments (and not Nigerians), then tell me..,, what is the percentage of these O-&-M costs compared to the overall production costs when compared for 2012, 2022, and now??

And then, for the procurement of Gypsum,, what's the percentage of its procurement cost with relative to the overall cost of production as at 2002, 2012, 2022, and now??

The production of Cement, even though it had some few things to do with dollars,, you cannot use that to say that the production of Cement is dollar-dependent.

BluntCrazeMan:
When you say that something is dollar-dependent,, it means that more than 50% of its input are paid-for or procured in dollars.

You mentioned the procurement of Equipment, (you even mentioned INNOSON), just to sound funny.
But let me ask you, do they buy those equipments every week (or even every month)?
Are any of those equipments bought or procured within this period of hike in price?

For the operation of those equipments and their maintenance,, let me even assume that the expatriates are the ones who also do the operation of these equipments (and not Nigerians), then tell me..,, what is the percentage of these O-&-M costs compared to the overall production costs when compared for 2012, 2022, and now??

And then, for the procurement of Gypsum,, what's the percentage of its procurement cost with relative to the overall cost of production as at 2002, 2012, 2022, and now??

The production of Cement, even though it had some few things to do with dollars,, you cannot use that to say that the production of Cement is dollar-dependent.

Why are local manufacturers winding up and foreign ones leaving the country? Cost of production, GSK and PZ left for the same reasons. You don't know the economy of your country is powered by diesel.
If bread bakers and pasta producers are crying of cost of production not to talk of cement manufacturers.
At least i sound funny and not ignorant

High cost of production.

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

continue to defend criminal billionaires while they fleece you to stupor. As at October last year, dollar was already 1350 and diesel was 1200 yet I bought cement for 4800. What has happened between January and now that warrant x2 or even x3 increase in price?

Feldie:
continue to defend criminal billionaires while they fleece you to stupor. As at October last year, dollar was already 1350 and diesel was 1200 yet I bought cement for 4800. What has happened between January and now that warrant x2 or even x3 increase in price? Diesel is even cheaper now

How much Dangote fleece from you?
Control you envy of the rich else you will never be rich. Na only Dangote dey manufacture cement for Nigeria? Mkpi.
You too continue to defend the clueless government you support, you go feel am

MASTERCHIEF0847:

How much Dangote fleece from you?
Control you envy of the rich else you will never be rich. Na only Dangote dey manufacture cement for Nigeria? Mkpi.
You too continue to defend the clueless government you support, you go feel am

all your mouth is government government government. This is why everyone keeps fleecing you because they know you will leave the real culprit and start attacking government that are chilling in Abuja without even the slightest care about you. If Nigerians start boycotting these people hiking prices, they will stop but they know we don't have sense

Feldie:
all your mouth is government government government. This is why everyone keeps fleecing you because they know you will leave the real culprit and start attacking government that are chilling in Abuja without even the slightest care about you. If Nigerians start boycotting these people hiking prices, they will stop but they know we don't have sense

Me too am in Abuja chilling in my own house in Games Village if you doubt come and see for yourself.
Unlike you am not a government lap-dog and i prepared for this mess long enough.
Dangote doesn't formulate government policies, your tin-God Tinubu is the one doing that. Shege banza!

[or Government? [/quote]

Kj

Most definitely cost of production

Kindly ask your government