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Politics / Nigeria Cement Sector 5th Story (resident Cement Company) Plans Construction. by rafindo(m): 1:46pm On Sep 04 |
As the call for more industrialization continues to echo and generates more interest amongst investor, the most noticeable sector getting this attention is the cement sector. Know for it capital intensive investment and it high return on it investment, it is not a surprise that a new player has decided to enter the fora. Know to be the home of the largest cement producing nation by production estimate of 50 million MTPA, and over an estimated 2 billion tons of limestone deposit in the world. It is expected that investment in cement will continue until a saturation point is achieved between supply and demand. Nigeria currently have 5 integrated cement plant. Namely; Dangote cement,Bua cement, lafarge cement, mangal cement and lastly purchem cement. In terms of capacity of a 1MMTPA above the nation only boast for an amount meagre in attaining over surplus of the artificial binder. In relative terms India boast of over 200 cement companies and South Africa boast of over 15 cement companies. This illustration confirms the need for more cement companies to establish in Nigeria. Can Resident cement company make itself the 5th cement producing company in Nigeria?. Only the dollar and the political will tell. |
Business / Re: Dahiru Mangal Begins Cement Production, Builds $1.5bn Plant In Kogi(pix) by rafindo(m): 10:16am On Aug 07 |
No cement plant was built using 1.5 billion USD by sinoma for a 3MTTPA. This a false head line propagated to either jack up the value of the company, remember sinoma contract are usually in FBOT basis in Nigeria.
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Business / Re: Dahiru Mangal Begins Cement Production, Builds $1.5bn Plant In Kogi(pix) by rafindo(m): 9:56am On Aug 07 |
Oshokhai69:. Greenfield project like this cost in the range of 600-800 million usd for a 3MTTPA plant such cost must aligned with the average of cost per ton globally. Which is 150- 300 usd per ton. Inclusive of 50MW of wartisal power project that is what will make the amount high up to 800 million USD. That amount been quoted is an attempt to over value the plant in such away that he will now be valued as a billionaire in USD . Base on sinoma cost pricing 1.5 billion is what is needed to build 6MTTPA. |
Business / Re: Dahiru Mangal Begins Cement Production, Builds $1.5bn Plant In Kogi(pix) by rafindo(m): 4:09am On Aug 06 |
TruthsFM:. Anyone who believes that cement plant cost 1.5 billion USD, then I have a plot of land in aso Rock to sell to you. |
Politics / Re: Update on developments in Anambra state-photos by rafindo(m): 11:34am On Jul 31 |
legitnow1:. Do you know the chicason group has mining license for cement production yet they are yet to start something almost 10 years now. So the truth is that majority of those making noise about monopoly are not interested in manufacturing but want quick money and no stress. 10 people with 100m usd you will get 6 million MTTPA . 1 Like |
Business / Re: $1.5 Billion Mangal Cement Plant Completed In Ilu-agba Kogi State(photos) by rafindo(m): 3:46pm On Jul 30 |
Simongm2: |
Politics / Re: How Many Ethnic Groups Are In Nigeria Today by rafindo(m): 8:55am On Jul 29 |
I hope you the difference between ethnic group and tribes. Nigeria doesn't not have up to 70 ethnic group. |
Politics / Re: What Is The True State Of Nkalagu Cement In Ebonyi by rafindo(m): 12:31am On Mar 25 |
Ibeto is not serious about manufacturing. As a matter of fact he has never produced 1kg of cement before. 1 Like |
Politics / Re: Umahi To Meet Cement Manufacturers Over Prices by rafindo(m): 11:20am On Feb 18 |
AnonPoet:. 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. 3 Likes |
Politics / Re: Fresh Bill Seeks The Creation Of 3 More States In The South-West by rafindo(m): 3:14pm On Feb 13 |
This clearly shows the lawmaker is doesn't not know the procedure in creating state in Nigeria. It is very clear by the constitution on the process and procedures. Ignorant people everywhere. |
Politics / Re: Obidients Drags ALEX OTTI For Not Purchasing "Made in Nigeria Vehicles" by rafindo(m): 12:07pm On Aug 10, 2023 |
Fashion / Re: What's Your Opinion About Women With Multiple Piercings? Especially On... by rafindo(m): 6:58pm On Jun 21, 2023 |
fadilaMaikiriki:. I think it has to do with you what you consider good for you. First what is the essence of the extra piercing. What value will you accrue from it. This will decide if your decision is okay. |
Politics / Re: Another Perspective On Whether 25% Is Mandatory In The Fct Or Not by rafindo(m): 10:10pm On May 11, 2023 |
ejimatic:Base on your concord rule . 24 state and FCT. 24 state and the FCT should be treated the same while the insertion of the article THE has no bearing on agreement with the Intial clause is more of claiming an exclusivity to a compound word. The right legal geographic name of Abuja is FCT and not The FCT. When The is used in legal geographic naming it denotes a use of sovereignty that is exclusive in commonwealth realms. 1 Like |
Politics / Re: Another Perspective On Whether 25% Is Mandatory In The Fct Or Not by rafindo(m): 5:42pm On May 11, 2023 |
ejimatic: I want to ask you a simple question. The president and chairman The president and the chairman Are they the same thing. |
Politics / Re: 'FCT Is Mere 37th' - SDP Presidential Candidate, Adebayo Adewole by rafindo(m): 11:40am On Mar 25, 2023 |
Strafudeen:. Your argument is baseless and not substantial. First the constitution doesn't recognize geopolitical zones. They where created just for political exigences. Nothing stop a rearrangement that puts Benue in south east and move kaduna to north central. |
Politics / Re: 'FCT Is Mere 37th' - SDP Presidential Candidate, Adebayo Adewole by rafindo(m): 11:33am On Mar 25, 2023 |
pquaver:. đ You are comedian. The constitution specify that no matter the landmass number of LGA or population that each state is entitled to 3 senators with FCT an exception. By landmass fct is bigger than Lagos, Anambra, imo, ebonyi and abia. So your argument holds no water. How many times was the word Kano mentioned in the constitution and compare it with the number of times FCT was mentioned. |
Politics / Re: 'FCT Is Mere 37th' - SDP Presidential Candidate, Adebayo Adewole by rafindo(m): 4:03pm On Mar 23, 2023 |
2mch:. If we follow your thoughts process then fct deserve 3 senators and more House of representatives members. If not why make it a territory when it is not given special status. Besides is it included in the schedule list of state |
Business / Re: Dangote Signs Deal To Build Another Cement Plant In Ogun State by rafindo(m): 12:52pm On Feb 03, 2023 |
pocom35: Mangal Nigeria has 7 limestone deposits that has not been exploited. If they are 7 new cement plant can come in to kick the price downward. It cost 700 million USD to build a 6MTTP cement plant. 7 multi millionaire in USD can build a cement plant. Even 700 yahoo boys đ with a million dollar in contribution can build a cement plant if they trust themselves. Nigeria Profit margin on cement is the highest in the world. At 200% of the cost of production. The truth is that we have a lot of portfolio investors mindset in Nigeria. |
Music/Radio / Re: Nigerian Funk And Pop Songs Of The 1970s, '80s and 1990s by rafindo(m): 11:04pm On Oct 17, 2022 |
Looking for a funky Igbo song of 80s or 90s about a guy promising a lady Love and the guy has to turn up if not her friends will be laughing at her. The guy responded it now you know abi. |
Business / Re: Sinoma Is Constructing A Cement Plant In Kogi (Photos) by rafindo(m): 12:32pm On Jul 30, 2022 |
Simongm:. Mangal is the owner of the cement plant |
Jobs/Vacancies / Re: Don't Take A Job At Dangote If You Have A Choice by rafindo(m): 10:16am On Jul 06, 2022 |
IyaTola: When was that |
Jobs/Vacancies / Re: Don't Take A Job At Dangote If You Have A Choice by rafindo(m): 12:27pm On Jul 03, 2022 |
IyaTola: Like me I do 4 Likes |
European Football (EPL, UEFA, La Liga) / Re: Manchester City Vs Aston Villa ( 3 - 2) On 22nd May 2022 by rafindo(m): 5:43pm On May 22, 2022 |
seyezy: |
Politics / Re: Ekweremadu: Why South East Needs Extra State by rafindo(m): 11:21am On Apr 03, 2022 |
VPN11: Stupid person come and de Igbo me nah. The guardian of Igbo identity. |
Politics / Re: Ekweremadu: Why South East Needs Extra State by rafindo(m): 8:32am On Apr 03, 2022 |
VPN11:. Add all this together taraba is still bigger than it. State creation is not done to Be equal nowhere is such done even in India and Brazil. We continue to make noise about marginalization. If we are sincere to our selves the population of all the south East is equivalent to Ogun and Lagos population yet the 2 state has just 40 LGA, 6 senate seats while the south East has 99 LGA and 15 seats. We just like deceiving ourselves. 1 Like |
Romance / Re: I'm Married But I Want To Help My Ex Financially by rafindo(m): 9:45pm On Mar 31, 2022 |
funkmrflexx: You are just a fool 1 Like |
Romance / Re: Iâm Giving This Phone To My Girlfriend's Sister Without Her Knowing by rafindo(m): 12:46pm On Feb 22, 2022 |
kyber: The best word for you is that you are a greatest fool that a man can be. 1 Like |
Family / Re: My Husband Flogs Me by rafindo(m): 12:57pm On Jan 31, 2022 |
sazzyyarns:. I am happy for you. I just pray you survive. This is the price you pay for when greed and age consideration was your factor when choosing him. Shalom let him beat the hell out of you , so that next time you will use your head well. |
Politics / Re: Restructuring: Where Will The Extra South East State Come From? - Buhari by rafindo(m): 8:27am On Jan 06, 2022 |
DOTian: Is the landmass of the 2 not bigger than the 5 state combined 3 times. |
Politics / Re: Restructuring: Where Will The Extra South East State Come From? - Buhari by rafindo(m): 8:25am On Jan 06, 2022 |
omenkaLives: So how many square landmass are looking to carve out from Benue and delta. |
Politics / Re: Obasanjo: "Oil Belongs To Nigeria ..." Ozekhome Disagrees by rafindo(m): 4:31pm On Dec 30, 2021 |
chigator2: We continue this lies again. Their is no country in This world where the state control it's natural resources. All resources are owned by the central government. |
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