So they are not concerned in the rising price of foodstuffs

Federal government looking for whom to blame for the federal government failed economic policies.. nawaoooo

Who knows anything about Dave UMAHI before he was a politician?
His professional career and life

Open that cement manufacturing business. The ones there already are few and they are enjoying monopoly.

As at today, the same Dangote cement in neighboring Cameron is #7500 naira equivalent. Why most it be so expensive in Nigeria?

Abeg, they should do something about roofing sheets also. The prices per square metre is too much. People can't roof their houses anymore.

The best thing is to give more people license to import cement,,in China cement is 950 naira

Cassandraloius:
There's no hope for the common man.

Fact

Caramia2020:
Most artisan will suffer hunger because building of houses will reduce.

FACT

Cement subsidy uploading, next is pure water subsidy...

Munzy14:
Useless minister..

He is the cause of this current cement issues.
UMAHI introduced concrete road last year, cement manufacturers warned that it will make prices skyrocket.

Today that warning came to pass. Same oversabi Oluwole Engineer is summoning them to a meeting..To discuss what exactly?

A very wicked Man..Who owed so many Engineers that worked for him in Ebonyi.

oil dey ur head. Instead of ensuring flexible pavements are constructed to the design specifications, he was busy calling for only rigid pavement.

ambale:
An only El rufai get small sense from the past governors, he saw the disaster ahead and japa

Now you want go beg cement producer to start selling at loss abi?

The same disaster he campaigned for?!

Lis he the minister of trade or what? Unprepared selfish bas'ards in power

Lol.. Umahi should first explain to the cement manufacturer how $1 is now N1500. Its common sense.. when everything is going up, cement price will go up

Ohraykon:
Scam make una dey deceive unaselves. Another massive protest more heavy than end sars loading.

Abeg make eem load faster on
motivate boys to fall out to d streets

HausaIgboYoruba:
oil dey ur head. Instead of ensuring flexible pavements are constructed to the design specifications, he was busy calling for only rigid pavement.

Dave Umahi is a self centered human.. He wants to create a signature work to his name at the detriment of 300million Nigerians.

See the result.

Road should be strictly asphalt like the old ways.

And let use of cement be restricted to the normal construction required. This is a very sensitive country, little issues can be blown out of proportion.

Loverboi2cute:



Abeg make eem load faster on
motivate boys to fall out to d streets

yes o we are ready!!!

AnonPoet:


https://dailypost.ng/2024/02/17/rising-cost-of-cement-minister-summons-manufacturers/

.

Nigeria has 4 cement companies, 10 plants. 22 lines.
Dangote
Bua
La farge
Purechem.

With one soon to be commissioned.
Mangal

With one seeking funds to build.

Madugu.

The cost of is cement is driven by 3 pointers .
Cost of gas which continues to increase.
Cost of hauling both for direct production and indirect.
Cost of spare parts which is forex denominated.

Some people think to grind marble and limestone is like a blender grinding tomatoes. This plates are very expensive and dollar expensive. Besides you will need to protect your profit margin at all cost.

Solution to bring the price down.

An additional building of 10 new cement companies could do the magic. Encouraging private sector to participate more like the governor's leading the charge.
Stop issuance to cement companies with more than 4 plants from acquiring new mining license.
Involve flsmidth and sinoma in building and training and transfer of technology to the locals.
A new policy on modular cement plant can encourage the building of 50 modular plant with annual capacity of 50,000 MTTPA Yahoo boys can be encouraged to do this.

10 new companies can have the site in the following area.

1.Ogun makun area
2. Ondo okeluse area.
3. Ebonyi effium/nkalagu area.
4. Abia arochukwu area
5. Enugu
6. Cross River.
7. Nasarawa
8.Gombe
9. Adamawa
10.sokoto.

The key is simple in order to stop crony capitalism in the sector or oligopolism. We need to stop the existing 5 players from having more than 4 plants.

Then areas with lack of sufficient limestone can look into LC3 type of cement.

Chummynoni:
i don abandon mine till whenever. The most important thing now is surviving this tinubulation.

This is saddening...

ambale:
An only El rufai get small sense from the past governors, he saw the disaster ahead and japa

Now you want go beg cement producer to start selling at loss abi?

el rufai wey dem disgrace... Una go jst dey lie anyhow

What about the equipment use for production? As the exchange rate has quadrupled, so has the cost of importing these equipment and their parts.

Also, there's what is called opportunity cost. Will he earn more if he export vs selling in Nigeria? Yes!

Nbote:
Can anyone explain to Nigerians why Dangote and his cronies are selling cement for 10k plus now?? They don't import anything for production despite also enjoying tax relief

AqualinaXYZ:
Meet them over what?



Meet Dangote that wants Nigeria to keep failing so he will keep rising




When FG gave him monopoly power what do you expect

Can you see the danger of privatization??

Government should be in charge of means of production, we too dum.b in naija, we keep shouting government have no business in doing business, u see the outcome now

NEPA that was privatized what is the outcome?
Nnpc gone, what's the results?

This country na scam

D useless man

Shouting

Rigid pavement

Why cement will not rise

Useless leadership

Caramia2020:
Most artisan will suffer hunger because building of houses will reduce.

I can testify to that.

Chummynoni:
i don abandon mine till whenever. The most important thing now is surviving this tinubulation.

Same here bro, I just roofed my fourbedroom and to continue with the project has become problem now because of the high cost of cement... ONLY God can help us in this country

Nbote:
Can anyone explain to Nigerians why Dangote and his cronies are selling cement for 10k plus now?? They don't import anything for production despite also enjoying tax relief

Power plus cost of raw materials are imported (what's the $ rate today) to the maths

Ohraykon:
Scam make una dey deceive unaselves. Another massive protest more heavy than end sars loading.

No protest will happen because Nigerians are cowards.

CatchMeIfUCanMO:

The only reason wey I never sell the land join the project on it is because it is in an elite area in the city where I reside, if not I for don sell am because e don appreciate wella since I bought it.

Embarking on a building project at this time when the project is not an emergency one is stew peadity o.

How are you willing to sell and do you have the complete documents to the land

ambale:
An only El rufai get small sense from the past governors, he saw the disaster ahead and japa

Now you want go beg cement producer to start selling at loss abi?

after they destroyed killed looted Nigeria right? Don't all those who brought this hardship upon Nigeria including Buhari shall suffer d consequences

Munzy14:
UMAHI introduced concrete road last year, cement manufacturers warned that it will make prices skyrocket.

Was it in January that concrete roads started? It's "normally" priced last December.