macbede:
gerrara here. where did you get that news from?

from inside body odour naw

POWEROFPEACE:
Not only fuel price but every thing is going to change for good. I wonder what would have happened to us all if Jonathan had won the 2015 presidential election.

it's simple - REVOLUTION, many would had been carrying guns and ammunition by now , we give GOD the glory for all.

back to the matter ......74 naira remains high.

teadrake:

It is so unfortunate that a citizen of this country could spelt this kinda trash.
Where were you when Fuel was sold at N200-300 per liter during GEJ era?
Only a fool will ascribe this kind of positive development to GEJ failed transformation agenda.Better wake up from your slumber before is too late

I hate to comment buh the trash u wrote forced me to...this showed you are a recertified FOOL...born to be a foolish FOOL.....who did TAM (Turn Around Maintenance) of refineries.... Look at the conditions surrounding the downward review of petroleum product b4 you write outta ignorance

teadrake:
With PMB running the show,We shall get there In sha Allah.
God bless Nigeria.

I hate when I hear you bombers say that insha Allah. As in which allah is that ask for human blood.

POWEROFPEACE:
Not only fuel price but every thing is going to change for good. I wonder what would have happened to us all if Jonathan had won the 2015 presidential election.

Let me tell you what I think would have happened... 80% of our population would have joined the #migrants to Europe. CNN and BBC would be like, #migrants crisis: Nigeria crashing world economy.

So I say a big thank you nigerians, especially to those change agents. Y'all saved the world

POWEROFPEACE:
Not only fuel price but every thing is going to change for good. I wonder what would have happened to us all if Jonathan had won the 2015 presidential election.

My brother don't even try to imagine it. God does not sleep. Let's just continue to pray for this man (Buhari). God wants to use him some more.

exxell:


Thunder fire the thunder you sent to me and my girl. That same thunder go back to you and consume you. Thunder all over your body bro... Thunder Thunder Thunder.... A rain of thunder on you.

sorry to ask Bruh, were you struck by thunder in your first life? abi ke, who is Sango to you?

Everything is coming down. Cement now sell below #1500. Thank God I am alive to witness this new change. It so clear how clueless Gej was. Sai baba

Good development

With all the GEJ and PMB vendetta you all are throwing around, let's get back to the topic and how true is this so called reduction in the price of petrol?

dominique:
My dad said he saw it on NTA that it's now N57 in NNPC mega stations. Will the marketers comply to this new pump price. I hope this won't lead to another scarcity.

demand and supply is the rule of economics.. if you have limited supply and sell it for cheap what will happen to supply and demand of the product? now think

Mackson01:
Everything is coming down. Cement now sell below #1500. Thank God I am alive to witness this new change. It so clear how clueless Gej was. Sai baba

Why are you telling LIES like this, bro

etunoman76:
Dangote Cement Plc has announced a 41 per cent reduction in the prices of cement, with the different grades of the essential commodity now selling for between N1,000 and N1,150, exclusive of Value Added Tax.

In the new price regime announced on Sunday by the Group Managing Director, Dangote Cement, Mr. Devakumar Edwin, a 50kg bag of the 32.5 cement grade will now sell for N1,000, while the higher 42.5 grade is to sell for N1,150 per bag instead of the current N1,700 that both grades were going for.

Edwin said in a statement that the move was in line with the company’s commitment to the nation, especially the need for the development of infrastructure and boost ongoing efforts to reduce the near 20 million housing deficit in Africa’s largest economy.

“We recognise the need for a dramatic increase in the response to the huge infrastructure and housing deficit in the country, and one of the ways of addressing the issue 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,” he was quoted as saying.

Since the commencement of the implementation of the backward integration policy for cement in the country over 12 years ago, the local production capacity of the product had risen from less than two million metric tonnes per annum to about 38 million metric tonnes per annum currently.

During the period, over $20bn has been directly and indirectly injected into the Nigerian cement industry with Dangote Cement Plc accounting for 60 per cent of that expenditure.

Edwin also said that Dangote Cement would continue to ensure the alignment of its corporate social responsibility with its strategic business initiatives, and would continue to evaluate its pricing regime in the country’s best interest.

According to the statement, stakeholders have commended the price reduction and say the cement market is entering the high demand phase as the dry season, which provides the opportunity for increased construction and building activities, is setting in.

In compliance with the directive of the Standards Organisation of Nigeria on the various grades of cement and their prescribed uses, Dangote Cement recently inaugurated its brand of the premium 32.5 grade, which has been restricted to plastering use only.

The largest cement producer in Nigeria noted that the move was to develop a full bouquet of cement types to meet the varying needs of consumers for the different purposes.

The company produces the 42.5 grade for column casting, block making, decking and other general purpose construction works that require high strength, while the 32.5 grade is for rendering or plastering.

The company also produces on demand the 52.5 grade for specialised construction of high strength structures such as bridges, flyovers and sky scrapers, among others.

Dangote Cement said in compliance with the SON standard for cement quality and packaging, the lower 32.5 grade would be clearly labelled in order to minimise the incidence of building collapse arising from the misapplication of the different grades of cement.

http://www.punchng.com/business/homes-property/dangote-reduces-cement-price-to-n1000/

hayoakins:
Chairman of BUA Group, Alhaji Abdulsamad Rabiu, has thrown his weight behind Dangote Cement Plc’s reduction in the cost of cement from about N1,700 to N1,000 a bag, representing a 40 per cent price cut, which was announced at the weekend.

According to Rabiu, he has always advocated a reduction in the cost of cement so that more Nigerians can have access to the product and realise their dream of owning houses of their own.

“It is against this background that I commend Alhaji Aliko Dangote for this patriotic initiative which is long overdue,” he said.

He further revealed that he had an extensive telephone conversation with Dangote on the issue and encouraged him on the initiative.

“What Alhaji Dangote has done today is significant. I am very pleased about it because it would make the cost of the product more easily affordable to Nigerians. With this price reduction, more consumers will be able to buy the product and subsequently drive up demand and in turn increase market share for industry players.

“I hereby urge all cement producers to emulate Dangote and bring down the cost of cement. There is absolutely no reason for a bag of cement to cost so much.

“Despite the infrastructure challenges being faced by the manufacturing sector of the Nigerian economy, it does not justify the high cost of cement.

“On our part, I have already directed all our plants to follow suit and implement the new price regime. We still believe that more can be done to bring down the price even further for the benefit of Nigerians,” Rabiu stated.

The BUA Group chairman stressed that there was really no reason for the price of cement to exceed N1,000 per bag, bearing in mind the massive success of the backward integration policy implemented 12 years ago, in which tens of billions of dollars were directly and indirectly injected into the Nigerian cement industry with Dangote Cement accounting for the larger share of the contribution.

This has seen cement national productivity rising from a mere 2.2 million metric tonnes per annum (mtpa) to over 30 million mtpa in the last 10 years, Rabiu observed.

BUA Group acquired Edo Cement Company Limited three years ago and has spent over $500 million in putting up an ultra-modern three million mtpa production line which is billed to be commissioned in the first quarter of next year.

Upon completion of this plant, the total annual production capacity will rise from 500,000 mtpa to 3.5 million mtpa.

In addition, the company also has controlling equity in Sokoto Cement Company also known as Cement Company of Northern Nigeria Plc (CCNN). The plant is presently being expanded with a 1.5 million mtpa line. Work is currently in progress and will be commissioned early 2016.

http://www.thisdaylive.com/articles/bua-group-throws-its-weight-behind-cement-price-reduction-commends-dangote/193185/

Well, lets see what Barcanista will say about this.

Will he ever appreciate any good deed from Buhari?
That will be a story for another day.

Sai Baba.

We are still coming to #50, but dey ar still selling it at d price of #100 at this place o :-

POWEROFPEACE:
Not only fuel price but every thing is going to change for good. I wonder what would have happened to us all if Jonathan had won the 2015 presidential election.

Leave Jonathan alone.. It is becoming boring you know.

memyselfndi:
U use fuel to cook nd put kerosene in ur car

Smh. Fuel is anything that burns to produce heat or power. Olodo. Kerosene, petrol, diesel are all fuel. Lmao

Hommies, pls I need y'all to help me clinch the crown.
Pls open the link and like my pix....tnks much

https://m.facebook.com/photo.php?fbid=756041287874515&id=100004059528086&set=gm.438276666364050&source=48

titosantana:


Olodo!

kerosene is even more expensive than fuel.



@ topic, if this news na true, na to go fill my tank tomoro be that o.


Sai Buhari

Nd u called me olodo cos of wat?

For ur information ℹ bought kerosene at Ap filling station which is now FORTE filling station in my area dis past wknd for 50naira per litre

Nd sorry sir i have never owned a car in my life or a generator, so i don't know if kerosene is more costlier dan fuel

By the time i owned any of these den i will be more concerned with the price of fuel

MsZeezah:

Smh. Fuel is anything that burns to produce heat or power. Olodo. Kerosene, petrol, diesel are all fuel. Lmao

No vex i no go school reach dat side

Una no dey sleep for dis forum

memyselfndi:
Nd u called me olodo cos of wat?

For ur information ℹ bought kerosene at Ap filling station which is now FORTE filling station in my area dis past wknd for 50naira per litre

Nd sorry sir i have never owned a car in my life or a generator, so i don't know if kerosene is more costlier dan fuel

By the time i owned any of these den i will be more concerned with the price of fuel

Don't mind him, he is not aware that the price of kerosene too has falling to #50 per litre.

memyselfndi:
No vex i no go school reach dat side

Una no dey sleep for dis forum

Lmao. It's 9:30pm ma. Sleep never reach

memyselfndi:
No vex i no go school reach dat side
Una no dey sleep for dis forum

Babe u never hear say nairaland no day sleep.

MsZeezah:

Lmao. It's 9:30pm ma. Sleep never reach

Haha ha... Nairaland time abi

POWEROFPEACE:
Not only fuel price but every thing is going to change for good. I wonder what would have happened to us all if Jonathan had won the 2015 presidential election.

If Jonathan had won we for don dey borrow money from Benin Republic to pay workers salary.

Liarbros

femakins:
Breaking News!
Fuel now sell for #57 per liter by NNPC Mega Stations Nationwide. To go round in the next couple of days!

APC - CHANGE

damton:
. There you go again, anything positive should be credited to GEJ, while the bad should be blamed on PMB.

Read his comment well and see his funny grin at the end of his comment, he was just being sarcastic.

If it is true, SAI BUHARI, d great changer....

Bolade005:
I can't confirm the authenticity now but a friend told me Petrol was sold at 50naira at one of the NNPC stations.

It's good there is an impending downward review in the price of petroleum and I hope with this our wailing brothers would admit this is indeed Change.

I think credit should go to GEJ though IF true.

Mumu. Bolade, you be ode and oponu

who is saying Nigeria is not in a safe hands? Sai Baba! The game changer... for good. Other filling station should start selling too, because im smelling scarcity.

It is because the refineries are now working. Buhari said he is not taking credit for it because the previous administration made it work. GEJ made it work and he would have used to launch his second tenure with price further down. This administration is following through on GEJ's blue Print. Remember when GEJ reduced pump price by N10 they said it was because of election but it continued till he left office. His blue print indicated the pump price would be coming down by N10 progression. He brought it down by the first N10 now a second N10 comes it goes on till 2018 depending on world market price of crude coupled with our now functional refineries. If really PMB brought it down to N74 it means he reduced it by N15 instead of the blueprint N10. Going by the price reduction of crude in the world market, we are in order by this reduction. I'll say Kudos to PMB because he believes in continuity from the past administration. That is good governance.