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Stats: 2,661,040 members, 6,249,286 topics. Date: Monday, 19 April 2021 at 12:19 PM
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by blaise26abj(m): 9:51am On Apr 07|
Who said anything about punishing him ? What reasonable people are clamouring for is a truly free market . Who told you he won’t make money if he plays fairly ?
Dangote dropped prices in 2014 from 1700 naira to about 1200naira . He dropped again in 2015 by about 400 naira . NO other cement manufacturer in Nigeria makes announcements like that . Dangote reduces/increases prices as it suits him and they follow.
This is the same reason why people support Yahoo/419/corruption etc . They refuse to question but celebrate Success blindly. AND that is why Nigeria is a 3rd world country .
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 9:55am On Apr 07|
It was NOT “before” the acquisition...
He had already LAWFULLY acquired Nkalagu before his fellow Ibo kindred came out swinging.
And abegi, what section of Nigerian law mandates “carrying the host community along” to LAWFULLY acquire a business?
It may be good practical business practice, but not a legal requirement and if it was there would be hardly any corporate acquisitions in Nigeria!
Anyway, not surprised by the mentality....
I have said here several times, most Nigerians would rather “own” 100% of NOTHING than a smaller percentage of something. SMH
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Acidosis(m): 10:02am On Apr 07|
So now you agree that Dangote has competitors?? I thought you all always cry about Monopoly and how Dangote killed other competing firms in Nigeria?
Whoever depends on Nairaland urchins like you for credible news would nearly assume that Dangote cement is the only brand in the country given the extent y'all cry about monopoly.
After crying on Nairaland about monopoly, you will still carry your cash to the market to buy the same Dangote cement even though I have uploaded facts indicating we have over 15 cement manufacturers in the country. Of course, you won't patronize the 15 because they sell at higher prices than you can afford. Yet Dangote is your problem? You people are not Well.
Simple economics won't bow to your tears. Dangote PLC sells the cheapest Cement, Noodles, Pasta, Salt and Sugar in Nigeria. That's the fact. Take it or cry on. Dangote is not your problem.
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|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 10:04am On Apr 07|
Huh?! Not sure who you have been reading (or maybe you are struggling to comprehend), but I never said anything like that...
Why would anyone say that when Dangote is making money and “playing fairly” - unless you can point to any laws that he’s breaking. Meanwhile, you seem to think there’s a problem with a business modulating the prices of its products. Perhaps, you think that government should be setting the prices and even the production quotas of goods. You know, like they used to do in the old COMMUNIST SOVIET UNION. LOL!
What a STRANGE people and STRANGE S/hole country...
Currently a DESERVEDLY 3d World s/hole but inevitably heading towards “4th World” crapola!
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by rhektor(m): 10:20am On Apr 07|
OH he want the industry to be rescued from self imposed monopoly he himself is enjoying lol
Liberate from what exactly?
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 10:21am On Apr 07|
Nigeria still imports MAJORITY of its sugar...
Nigeria is NOWHERE near sugar sufficiency, and Dangote is NOT the problem.
Meanwhile, ever heard of Tate & Lyle (later Tate Industries Plc)?
It was the SUGAR GIANT in Nigeria long before Dangote Sugar was even founded.
Furthermore, Flour Mills (a company founded in 1962, when Dangote was a toddler) was also importing sugar...
And finally set up a sugar refinery (but still imports raw sugar from Brazil) in 2013 to benefit from the BIP program.
Let’s stick with FACTS, not feelings.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 10:23am On Apr 07|
TSBO:It still boils down to favouritism, cause they're gaining from it..
So it's okay for us to say,when it comes to Dangote,they're handicapped
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 10:25am On Apr 07|
Bros, I am still trying wrap my head around that one...
Why would BUA be complaining of high prices when it can simply lower its prices?
BTW, as far as I am aware there’s no extraordinary barrier to entry in cement manufacturing in Nigeria...
So long as one has the several hundred million dollars needed to build a modern plant, they can seek a mining license.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 10:28am On Apr 07|
Please enlighten the rest of us how Nigeria is paying fir the Dangote Refinery. Thanks in advance...
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 10:31am On Apr 07|
9jaRealist:I can't go deep presently but lemme give an overview,first check the loan,second check the amount of the refinery,third check the rate at which they're giving him dollar,fourth check his pay back plan,fifth check the general subsidization they gave him.
See that dollar subsidy ehn,is what I hate the most,so check all those,the information is there on the Net just Google, last time I talked about this issue was last year,I don gba kamu,so elucidating cannuh be that easy again..
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Acidosis(m): 10:32am On Apr 07|
Lol.. This explanation is not reasonable bro. That term shouldn't be used in an industry with over 10 manufacturers where the supposed market leader has never really differentiated his products. He's simply selling "ordinary" cement like any other company. He didn't add gold to his cement.
This isn't even a Apple vs. Android scenario where Apple sells a $75 phone for $500. Dangote is simply selling cement like others. Tbh, it's either the competing firms are too dum.b to thrive or Dangote has never really had REAL competitors.
Remember St. Louis Sugar?? That's how to apply monopolistic pricing. Firm had no competition for years.
How can you even demonize monopolistic pricing when Companies buy up other companies just to kill them and bury competition?
Monopolistic pricing is evil but your MBA lecturers teach you acquisition and mergers in school and you hail them? Mark Zuckerberg bought Instagram and WhatsApp to preserve his investments and you all hailed him.
Dangote don suffer for una hands.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 10:35am On Apr 07|
Abegi, from which old communist doctrinaire did you dig out that gem from?
You think all those traders at Alaba are doing it for the benefit of the community and government?
One good thing about free market (capitalist) economies is the belief in “mutuality of interests”....
Ibeto in advancing his own interests creates jobs for the community and generates taxes for the government.
It does not require the obtuseness of PHYSICALLY PREVENTING him from operating the business!
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Igboid: 10:49am On Apr 07|
Ebonyi main source of IGR is the solid mineral mining going on there. There are quarry sites all over the state that puts food on the table of the locals.
You can't go to the top and corner it without
carrying those whose very life sustenance depends on it along.
I don't know why Nigerian commoners are suffer heads and favor having the rich get richer on public wealth and resources while leaving nothing for the commoners.
This very disposition of Nigerians is really annoying.
The traders are well taxed by both locals and government. Enter main market Onitsha and open shop and see how far.
You must pay back to the community once you are making profits. You can't be stashing billions built on the penury of the Masses. That's madness.
No amount of jobs Ibeto creates should entitle him to make billions off the people resources without appropriate checks to carry everyone along.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 10:54am On Apr 07|
You do realize that Dangote is BUYING the dollars?
That they are NOT “giving” it to him nor is the price different from the CBN’s window price for ALL manufacturers?
What exactly are foreign reserves for?
So that Nigeria can admire it in the CBN vaults? Or that it be used to DEVELOP the Nigerian economy?
So what does Nigeria get in return for SELLING (not “giving”) dollars to Dangote to help build his refinery?
1) TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS;
2) Helps stop Nigeria from spending BILLIONS OF DOLLARS (reported 35% of all disbursed forex) importing fuel;
3) Any exports from the refinery and petrochemicals complex earns FOREX for Nigeria;
4) Generate tax revenues for government to invest in social services and infrastructure;
5) Creates a LOCAL eco-system of petrochemical-based users and industries, subcontractors, etc.; and
6) Introduces cleaner Euro V-standard fuel into Nigeria, rather than the junk that we’ve been importing.
These are just a handful of the benefits just off the top of my head...
But the NET effect is that the CBN sells some dollars and in return Nigeria saves and even earns more dollars.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by bewla(m): 11:02am On Apr 07|
expliciit:When mandetors sing its a rat race
we think it's joke
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by virago(f): 11:07am On Apr 07|
So point out what isn't a fact in my statement , it seems you're the one mixing feelings with your judgement
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by virago(f): 11:10am On Apr 07|
Moreso Flour mills wasn't selling sugar before 2013 so where are you getting all your bogus facts from
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 11:15am On Apr 07|
Ah, the return of Das Kapital...
So because they are quarry sites all over, Ebonyi no longer need new jobs?
Before you answer, it may interest you to know that the POVERTY RATE IN EBONYI IS ABOUT 80%!
Meanwhile, befuddled why you are going on about taxes, when I specifically sited the generation of tax revenue as a mutuality of interest.
Nigerians sadly have obsessive mentality of SHARING rather than production....
Hence, a proliferation of such code words as “carrying everyone along” (or chop-I-chop)...
The problem is there won’t be anything to share (or chop) unless there’s production.
Unfortunately, because mostly foreigners generate oil wealth that is quickly SHARED...
The nexus between production and commonwealth is completely lost on most Nigerians.
Probably why someone would think digging up quarries is better than adding value and creating MORE jobs.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by TSBO: 11:20am On Apr 07|
Lol.. There's no winning this uhn..
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by 9jaRealist: 11:21am On Apr 07|
Dude, Golden Sugar was incorporated in 2008...
And was importing and selling sugar well before it’s refinery was commissioned in 2013.
FACTS! Not feelings!!
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by basybasy: 11:23am On Apr 07|
Aconomist:Dangote, God sees u
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 11:41am On Apr 07|
9jaRealist:Please check the rate they're selling the dollars to him..
I think that should answer further arguments
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 11:42am On Apr 07|
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by DubaiLandLord: 12:08pm On Apr 07|
Aconomist:I fully agree with you.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas: 12:10pm On Apr 07|
Aconomist:How can u talk of LIBERALISATION so flagrantly when the so called monopoly carteling cement is not Governmental? If u have the funds, what stay ur hands? U can jump into the business this afternoon! U guys are being bleeped by Rabiu and you dont even sense it.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by DubaiLandLord: 12:24pm On Apr 07|
Aconomist:Are people with the finance and capacity allowed to invest in limestone production?
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by blaise26abj(m): 12:44pm On Apr 07|
When a business determines prices for its competitors, it’s monopolistic. That is the point
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by History555: 1:40pm On Apr 07|
You are a waste of space. U brought up tribe to derail the thread.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by History555: 1:43pm On Apr 07|
Where do you see ibeto cement. Are you really this dumb
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by virago(f): 1:47pm On Apr 07|
Now I know you're just deluded or just pulling your "facts" from your arse , Golden Penny was not given their license to produce or sell before 2013 and didn't sell a single bag of sugar before 2013 , I should know because I'm a dealer in their products , and please show us a proof of your "facts" and also where my statement is wrong. I am still waiting
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by meobizy(f): 2:11pm On Apr 07|
E no concern me. Na as we see am we go take am. His competitors should open shop in other countries so they can use those bases to seep into our market. For now, if he has no competition, he can set the price at 15K per bag. If e pain you then jump off bridge.
|Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Ayomi4u2: 2:24pm On Apr 07|
May God save us from our leader in dis country, thy where leader without border. Dangote is jxt figure head lot of silly gvt official aare all behind this.
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