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Dangote's Cement Price Drop Was To Support GEJ's Agenda - Politics - Nairaland

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Dangote's Cement Price Drop Was To Support GEJ's Agenda by ducii: 3:52pm On Nov 03, 2014
The True Reason Why Dangote Slashed Cement Prices Revealed

Africa’s largest cement producer, Dangote Cement Plc has slashed local cement prices to N1,000 ($6) and N1,150 ($7), for different grades. The cement giant is keen to consolidate its position as not only Africa’s top cement maker, but the leading provider in the continent’s largest economy, Nigeria.

The current market price for a 50kg bag of the 32.5 grade and 42.5 grade retails for N1,700 ($10.3), 40 percent higher than Dangote’s latest offer.This is the lowest cement price offered consumers since 2005, and ups the ante in what is considered one of the continent’s more competitive markets.

Group Managing Director of Dangote Cement, Devakumar Edwin said the price cut was aimed at supporting the government’s ongoing effort to shrink housing deficit, which currently stands at an estimated 17 million.

“One of the ways of addressing the issue (huge infrastructure and housing deficit) is bringing the price of building materials down to much more affordable levels, especially cement, which is within our own control as part of our contribution to the transformation agenda of the President Goodluck Jonathan administration and the attainment of key milestones in the Millennium Development Goals,” Edwin said.

Since the backward integration policy for cement was implemented in 2002, local production capacity of the product has increased from less than 3 million metric tonnes per annum to about 38 million metric tonnes per annum, and nearly $20 billion has been injected into the Nigerian cement industry with Dangote – Africa’s richest man and owner of the Dangote Group – accounting for 60 percent of that investment.

With market capitalization surging beyond $22 billion, Dangote Cement is Nigeria’s most capitalized listed company and the first to hit $20 billion capitalization mark.

http://www.ventures-africa.com/2014/11/dangote-offers-nigerians-lowest-cement-price-since-2005/

11 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by okpismart: 3:54pm On Nov 03, 2014
Jonathan: Nigeria Will Join 20 Most Developed Countries by 2020

http://.com.ng/index.php/political-news/item/952-jonathan-nigeria-will-join-20-most-developed-countries-by-2020

Jonathan wasn't joking o

64 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by major466(m): 3:56pm On Nov 03, 2014
Welcome development. Soon the price will fall to 500 per bag.

39 Likes 2 Shares

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by Nonybb: 3:57pm On Nov 03, 2014
hmm GEJ TILL 2019

59 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by Nobody: 3:58pm On Nov 03, 2014
Na to go start foundation o

42 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by Frankenstein: 4:00pm On Nov 03, 2014
In summary, it's a business strategy focused on eliminating competition and maximizing profits. But this time, it favours the consumers.

93 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by 99100(m): 4:02pm On Nov 03, 2014
Good development !!
Fresh Air things.

25 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by ducii: 4:19pm On Nov 03, 2014
Frankenstein:
In summary, it's a business strategy focused on eliminating competition and maximizing profits. But this time, it favours the consumers.

True talk

16 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by sleekpro(m): 4:20pm On Nov 03, 2014
And someone will come here and say GEJ is not working.

If the big shots like dangote and innoson can see a bright futur in GEJ, then who ever say GEJ will not continiue with his good work,
#shouldgoanddie

GEJ till cement comes down to 250 per bag
#freshair

105 Likes 2 Shares

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by Mamaflex(f): 4:20pm On Nov 03, 2014
What about those that already have in stock ?

8 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by 99100(m): 4:22pm On Nov 03, 2014
Frankenstein:
In summary, it's a business strategy focused on eliminating competition and maximizing profits. But this time, it favours the consumers.

If in Dangote's quest to 'eliminate competition' me,I and myself can now afford to own house ; ah! it is well.


From 1.7k down to 1k....

Is high time one start developing that two plots behind honourable Pascal compound.

Ah ! Thank you Dangote o.

31 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by lookmangiw(m): 4:34pm On Nov 03, 2014
Then after febuary 15 election. It shoots back to it normal price.

44 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by ducii: 4:37pm On Nov 03, 2014
lookmangiw:
Then after febuary 15 election. It shoots back to it normal price.

I doubt it, put it is a possibility

4 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by Dreyl(m): 4:38pm On Nov 03, 2014
I can see the fresh air.

17 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by agohmamuda(m): 4:47pm On Nov 03, 2014
You mean I can now commence building my estate??

10 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by iamodenigbo1(m): 4:59pm On Nov 03, 2014
na to buy and stock incase

6 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by tit(f): 5:07pm On Nov 03, 2014
so the price is no longer determined by supply and demand?
mumu full for we side.

18 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by laykhorn(m): 5:12pm On Nov 03, 2014
And when did Dangote Cement become a Charity organization or a Government Organization which can be used to solve the problem of the Housing deficit.

37 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by larrymoore(m): 5:18pm On Nov 03, 2014
Hope I benefit from this

1 Like 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by lanrefront1(m): 5:23pm On Nov 03, 2014
99100:


If in Dangote's quest to eliminate competition me,I and myself can now afford to own house ; ah! it is well.


From 1.7k down to 1k....

Is high time one start developing that two plots behind honourable Pascal compound.

Ah ! Thank you Dangote o.

Then you do not fully comprehend the strategy. After the competition may have been wiped because of inability to compete, then the price will go back up. It may even go past the now N1700.

17 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by hopeforcharles(m): 5:24pm On Nov 03, 2014
Frankenstein:
In summary, it's a business strategy focused on eliminating competition and maximizing profits. But this time, it favours the consumers.

True talk Bro, I just pray they sustain it for a long time.

6 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by nigerianvenom(m): 5:31pm On Nov 03, 2014
God bless dangote for this act.
God bless GEJ.
God bless all the investors that have key into the transformation agenda.
and may God bless all sincere nigerians

14 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by khattab02: 5:33pm On Nov 03, 2014
major466:
Welcome development. Soon the price will fall to 500 per bag.
really? That will be a dream come true.

1 Like

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by Dannyonos26: 5:36pm On Nov 03, 2014
gud one.....African's Richest

1 Like

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by dotna(m): 5:44pm On Nov 03, 2014
POWERFUL decision

4 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by khattab02: 5:45pm On Nov 03, 2014
And the layman will ask '' why the increase all these while?''

12 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by rattlesnake(m): 5:48pm On Nov 03, 2014
So one man determines our destiny

3 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by rattlesnake(m): 5:50pm On Nov 03, 2014
brightmexy:
Na to go start foundation o
anybody wey get money for foundation go don start since

1 Like

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by acenazt: 5:54pm On Nov 03, 2014
hehehehehe Make I go tell my momcy dat our 100 by 100 wey na only foundation she try do since 2012 go finally grow. ahhh that Mr Funsho go soon stop dey chop our money for rent

12 Likes

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by chamboy(m): 5:55pm On Nov 03, 2014
Thank u dangote indeed. After stealing a whole cake, he now gives my ppl d crumbs to buy

9 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by ducii: 5:56pm On Nov 03, 2014
acenazt:
hehehehehe Make I go tell my momcy dat our 100 by 100 wey na only foundation she try do since 2012 go finally grow. ahhh that Mr Funsho go soon stop dey chop our money for rent

Very funny

3 Likes 1 Share

Re: Dangote's Cement Price Drop Was To Support GEJ's Agenda by Nobody: 5:59pm On Nov 03, 2014
I dey go buy one trailer load of cement kip for house

2 Likes

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