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Dangote Is Selling Cement For 1,150 Naira In Zambia - Business (19) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote Is Selling Cement For 1,150 Naira In Zambia (56909 Views)

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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Wilespo: 2:50pm On Apr 07
Aconomist:


Dangote's cost of production is the lowest in the world, but his price (in Nigeria) is the highest in the world.
....his cost of production in Nigeria lowest in the world ? where did u get that info please......the taxes he pays, the money he spends on fuel, vehicle maintenance as a result of bad roads ? mehn ......i doubt it highly so please i would like to know the source of this information.....
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas: 2:59pm On Apr 07
Ayomi4u2:
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.
cool Thank u very much for ur submission. Indeed Dangote is a figure-head. Infact if u recall the Kano gentleman, who in a fit of anger declared some years ago, that no matter how much the government tried to impoverish his family, his family can never come to be as poor as Dangote! Its only on paper, the man is the richest black man. In reality, i doubt if he will make top-ten in Nigeria. The rest cannot be named. and they are the ones reaping where they did not sow in this country.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas: 3:03pm On Apr 07
Wilespo:
....his cost of production in Nigeria lowest in the world ? where did u get that info please......the taxes he pays, the money he spends on fuel, vehicle maintenance as a result of bad roads ? mehn ......i doubt it highly so please i would like to know the source of this information.....
cool Did you say he pay taxes? grin Why do u think he loves THIN-CAPITALISATION?
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 3:19pm On Apr 07
9jaRealist:


What’s the cost of production in South Africa?
Do producers in SA build their own electricity plants, housing, roads, provide security, water, etc.?

What difference does it make what Apple and Ferrari’s profit margins are?
In that same US (and Italy) there are businesses that make 100-200% profit margins.

So why is BUA Cement MORE EXPENSIVE than Dangote Cement...
Actually remember BUA and others complaining that Dangote Cement is UNDERCUTTING the market.

Lafarge is the world’s BIGGEST AND MOST POWERFUL producer of cement...
It has been operating in Nigeria since the 1960s, but even Lafarge’s cement cost MORE (or the same).
>

1. All cement companies around the world operate their own powerplants because its cheaper. This is not a disadvantage, it saves them money because they get electricity at or below cost. Regardless, all of that is included is his cost of production -- which is what we substract from revenue to get his profit (60% of revenue in Nigeria).

2. There is no such thing as a profit margin above 100% in business reporting. Profit is calculated as a percentage of selling price (revenue). You are thinking like a petty trader who doesn't understand accounting. And even in that sense, Dangote's profit margin would be above 100% because he is selling at more than double his cost of production.

3. Few, if any, manufacturing businesses in the west that earn profit margins like that. Not even pharmaceutical companies after factoring research expense, salaries and regulations. You Nigerians are really just poorly educated monkeys. I don't know what they teach you in school.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by drealcivilceno: 3:28pm On Apr 07
Wilespo:
....his cost of production in Nigeria lowest in the world ? where did u get that info please......the taxes he pays, the money he spends on fuel, vehicle maintenance as a result of bad roads ? mehn ......i doubt it highly so please i would like to know the source of this information.....

Where are you getting your own source from?
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by icon02(m): 3:29pm On Apr 07
I can help you register your business on google for free
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by orlaglobal234: 3:36pm On Apr 07
If Dangote is from south east he would have sell cement 6000 to 7000 by now and blaming Buhari for the price
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 3:41pm On Apr 07
Aconomist:


1. All cement companies around the world operate their own powerplants because its cheaper. This is not a disadvantage, it saves them money because they get electricity at or below cost. Regardless, all of that is included is his cost of production -- which is what we substract from revenue to get his profit (60% of revenue in Nigeria).

2. There is no such thing as a profit margin above 100% in business reporting. Profit is calculated as a percentage of selling price (revenue). You are thinking like a petty trader who doesn't understand accounting. And even in that sense, Dangote's profit margin would be above 100% because he is selling at more than double his cost of production.

3. There is no business in the west that earns profit margins like that. Not even pharmaceutical companies after factoring research expense, salaries and regulations. You Nigerians are really just poorly educated monkeys. I don't know what they teach you in school.


If you want to be taken seriously by most people, you would have to cut out the bolded.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 3:49pm On Apr 07
angelfallz:


If you want to be taken seriously by most people, you would have to cut out the bolded.
I don't care if people take me seriously. No one is paying me for this. Facts are facts and reasonable people will accept them.

1 Like 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 4:06pm On Apr 07
DubaiLandLord:
Are people with the finance and capacity allowed to invest in limestone production?
According to Rabiu, no.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by DubaiLandLord: 4:19pm On Apr 07
Aconomist:
According to Rabiu, no.
Are you saying if I have the money to invest in limestone and cement production, the FG won't give me the license to go into the production?
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 4:21pm On Apr 07
DubaiLandLord:
Are you saying if I have the money to invest in limestone and cement production, the FG won't give me the license to go into the production?


Yes. So you guys don't know this

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 4:26pm On Apr 07
DubaiLandLord:
Are you saying if I have the money to invest in limestone and cement production, the FG won't give me the license to go into the production?
That seems to be the situation.

Here is Rabiu: https://www.thisdaylive.com/index.php/2021/02/09/bua-advocates-liberalisation-of-cement-policy-to-crash-price/

The BUA chairman said there are many other companies that have the capacity and access to funding to be able to compete in the industry in Nigeria, adding that the entire country is sitting on limestone. Anywhere you go, there is limestone in Nigeria,” he emphasised and explained: “And the cost of production is probably the lowest in Africa.” Rabiu urged the federal government to open up the cement industry for more competition.

Here is David Iweta: https://www.thenigerianvoice.com/movie/54550/real-reasons-cement-price-is-high-iweta.html

But, ahead of this latest policy summersault, the same cabal had already gone around Ogun State, had gone round the whole of Cross Rivers State, gone to Obajana, and surveyed in their name anywhere there was limestone deposits that will last for over 250 years, thus depriving other people access to the basic raw material which is lime stone quarry.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by DubaiLandLord: 4:29pm On Apr 07
Aconomist:
That seems to be the situation.

Here is Rabiu: https://www.thisdaylive.com/index.php/2021/02/09/bua-advocates-liberalisation-of-cement-policy-to-crash-price/

The BUA chairman said there are many other companies that have the capacity and access to funding to be able to compete in the industry in Nigeria, adding that the entire country is sitting on limestone. Anywhere you go, there is limestone in Nigeria,” he emphasised and explained: “And the cost of production is probably the lowest in Africa.” Rabiu urged the federal government to open up the cement industry for more competition.

Here is David Iweta: https://www.thenigerianvoice.com/movie/54550/real-reasons-cement-price-is-high-iweta.html

But, ahead of this latest policy summersault, the same cabal had already gone around Ogun State, had gone round the whole of Cross Rivers State, gone to Obajana, and surveyed in their name anywhere there was limestone deposits that will last for over 250 years, thus depriving other people access to the basic raw material which is lime stone quarry.
There is also a large quantity of limestones in Cross river state. This is so scary though.

How do the Nigerian Government expect the country to develop like this

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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Chidexter(m): 4:34pm On Apr 07
The only thing I can say here is that, Tribalism has eaten so deep into certain Nairalanders. It's appalling really.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 4:37pm On Apr 07
Chidexter:
The only thing I can say here is that, Tribalism has eaten so deep into certain Nairalanders. It's appalling really.



Try to speak intelligently analysing facts and not making petty emotional sentiments.

I dare you. No. I double dare you

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 4:38pm On Apr 07
DubaiLandLord:
There is also a large quantity of limestones in Cross river state. This is so scary though.

How do the Nigerian Government expect the country to develop like this



That's why the country needs to disintegrate. Policy management of different regions would spur different economic activities. If country A does wrong, Port to country B. It promotes healthy productive competition.

3 Likes 1 Share

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 4:41pm On Apr 07
Aconomist:
I don't care if people take me seriously. No one is paying me for this. Facts are facts and reasonable people will accept them.

Facts mixed with insults? I'm sure you can pass your message without insulting those you're passing the message to.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 4:41pm On Apr 07
Igboid:


Ibeto is an Igbo man. You are not Igbo, yet you have seen how everyone from other parts of Nigeria has attacked you on this thread and in your other progressive threads, thinking you were Igbo.
Imagine if you were Igbo.

BUA can afford to speak freely against Dangote and get away with it, Ibeto cannot without being labelled a hateful Biafra driven by hate for a Northerner progress.

So before you go on to blame Ibeto for keeping quiet, you would first have to walk in his shoes as an Igbo man in an Igbophobic charged country like Nigeria.
His best bet is to maintain his peace and make his profits.

Nigeria is a country that hates the truth. Any one who speaks truth to Nigeria is assumed to be a hateful Igbo until proven otherwise.
Stop. A coward dies a thousand times, and the only way to defeat a bully is to fight back. Are you telling me that Ibeto can't even defend his interests in the South East, which is his homeland? I'm not buying it. Ibeto is a coward who lacks brainpower. Even his own employees say he would "rather beg than fight back. Who wouldn't destroy a pitiful man like that?
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 4:54pm On Apr 07
Aconomist:
Stop. A coward dies a thousand times, and the only way to defeat a bully is to fight back. Are you telling me that Ibeto can't even defend his interests in the South East, which is his homeland? I'm not buying it. Ibeto is a coward who lacks brainpower. Even his own employees say he would "rather beg than fight back. Who wouldn't destroy a pitiful man like that?



You've obviously not understood the inner linings of the Nigerian system. The entire policy management and federal agencies are entirely rigged internally.


Fact check. All top positions of all federal agencies are all northerners that the oligarchs can summon to meet them in mosques, hold their evil meetings, plan and scheme. How do you break out. East or West when the federal manages everything in its firm grip?

How?

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by DubaiLandLord: 5:01pm On Apr 07
BluDesk:




That's why the country needs to disintegrate. Policy management of different regions would spur different economic activities. If country A does wrong, Port to country B. It promotes healthy productive competition.
Confederation is not a bad option too.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 5:02pm On Apr 07
BluDesk:




You've obviously not understood the inner linings of the Nigerian system. The entire policy management and federal agencies are entirely rigged internally.


Fact check. All top positions of all federal agencies are all northerners that the oligarchs can summon to meet them in mosques, hold their evil meetings, plan and scheme. How do you break out. East or West when the federal manages everything in its firm grip?

How?
Let me just say, northerners rule you for a reason. Why? Because don't make flimsy helpless excuses, they simply do what needs to be done to maintain their power. That's why they will rule you for the next 100 years.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 5:03pm On Apr 07
DubaiLandLord:
Confederation is not a bad option too.


Nigeria is atleast 5/6 countries lumped together. What defines a country isn't just it's geography, but perspectives, policy direction and ways of doing things. All regions that makes up Nigeria see things differently. That's why how am Oyo or Ondo or Ogun or Osun person sees an issue will always be similar even across party divide.


That's why how someone from Cross River, Bayelsa or Akwa Ibom reason won't be far from one another



Same with how people from Enugu, Imo, Abia or Anambra would behave and act


90% of Nigerians are not even aware that the one Nigeria is directly responsible for the policy mismanagement and by extension, the management, operations and stagnative state of the country



Why we analyse cement, Do we know we have 200 precious minerals in the country this policy are keeping tied up and unexplored



Allow me convince you disintegration is the way


If limestone alone has produced let's say a 100 Billion dollars enterprise through Dangote. Multiply this figure by 200 Minerals


That's 100 Billion usd x 200 Minerals


Isn't this 20 Trillion productive economic market
That's primarily. When we discuss secondary and tertiary advantages we will have atleast 50 Trillion dollars economy


Can you see what oligarchs are tieing up is beyond even what they understand its implications. And why Nigeria needs to disintegrate so it frees up these reservoirs?


If any one counters me I'm. Ready for. Debate anyway anytime


I've been preaching this doctrine since 1995 and have been sensitising people. While Nigeria needs to dissolve and a new future unleashed



I'm certain. I'm not wrong.

3 Likes

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 5:10pm On Apr 07
Aconomist:
Let me just say, northerners rule you for a reason. Why? Because don't make flimsy helpless excuses, they simply do what needs to be done to maintain their power. That's why they will rule you for the next 100 years.


You're wrong.

I have my sources. And I'm never wrong bro


We can be friends from today for a bet. I bet 200 Million Naira. Nigeria won't exceed 2040


If Nigeria exists beyond then, I will pay you 200 Million by January 1st, 2041

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tycyborg(m): 5:13pm On Apr 07
jaszplus12:

I saw a comment on facebook where someone was insulting Dangote for selling cement in Ghana...he quoted the price as equivalent to #800. Of course out of ignorance! Cement is 38-39 Ghana cedis equivalent to about #2,500...in fact Dangote cement is 39 cedis....so I wonder what people want...the condition you mentioned are quite different in Ghana because almost everything is available...

Don't mind all of them... I did a research and you are right... I was so bling following what people are saying but I get to know that we Nigerians are the problem of this country because I don't know why we like to talk aboit anything in Nigeria in a bad way. People are just bad and I wonder what they will gain from spreading fake bad news

2 Likes

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Chidexter(m): 5:14pm On Apr 07
BluDesk:




Try to speak intelligently analysing facts and not making petty emotional sentiments.

I dare you. No. I double dare you

Shut up first
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 5:15pm On Apr 07
Chidexter:


Shut up first



More rants.

I dare you to intellectualize. I go beat you like 2 year old. Nitwit

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Chidexter(m): 5:18pm On Apr 07
BluDesk:




More rants.

I dare you to intellectualize. I go beat you like 2 year old. Nitwit

Bros shut up na

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 5:19pm On Apr 07
Chidexter:


Bros shut up na


Fvkcc off

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 5:50pm On Apr 07
BluDesk:



You're wrong.

I have my sources. And I'm never wrong bro


We can be friends from today for a bet. I bet 200 Million Naira. Nigeria won't exceed 2040


If Nigeria exists beyond then, I will pay you 200 Million by January 1st, 2041
Well, I won't shed any tears if Nigeria collapses. Good riddance to bad rubbish.
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 5:52pm On Apr 07
Aconomist:
Well, I won't shed any tears if Nigeria collapses. Good riddance to bad rubbish.



Hahahahahahahahaha. The funny thing is even amongst the elites going by education 90% of Nigerians don't understand the country is badly positioned. Because they don't know any better. I recommend Nigerians travelling abroad.

1 Like

Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by TSBO: 5:54pm On Apr 07
Lucrativress:

Eerrrmmmm yes cheesy

Lol.. Smh

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