Aconomist:


All of this information is in Dangote's financial report. He sells cement at double his cost of production in Nigeria (60% EBITDA margin) compared to a 22% EBITDA margin in other African countries.

Lucrativress:

The truth is Nigeria won't disintegrate,cause at the back of our minds we know we can't stand alone..
We think each Tribe has one mind within themselves but the truth is na lie,we are soo divided even amongst ourselves
If Nigeria should dare disintegrate, the gap between the Rich and the Poor would seem like the distance between Heaven and hell

Xisnin:

This is like saying the sky is blue. The price of any product depends on supply and demand.
You have to look beyond the basics to understand the issue.
Despite the topic, my submission was about economic realities and not specifically Dangote.
So, this issue can only be solved from an economic and legal perspective, any other approach
will have no effect.


Nigeria used to import more than half its cement until OBJ decided it was a bad idea.
You don't hoard limestone just like investors don't hoard oil wells. You either own one
or you don't. It is not something you share.
BTW, do you support blanket allowance for the importation of any product into the country?


BUA is playing a psychology game as all capitalists do. The only thing wrong from the perspective of BUA is that
Dangote cornered the largest part of the market. If the roles were switched, Dangote will be playing the same game.
It is never about right and wrong for a capitalist. It is always about profit and outmaneuvering the competition.
Which is also the beauty of capitalism. If Dangote lowers his price tomorrow, BUA will follow suit despite the "scarcity" excuse.



I actually read this article then. Rabiu isn't calling for more competitions in the real sense.
He is calling for "liberalization" which is different because that would weaken his competitor but
it isn't because he is some angel. Rabiu won't call for or work towards liberalization of any industry he dominates.

I still maintain that there is no specific law preventing new cement companies from starting up.
One thing Rabiu could do is rally his own politician investors and introduce a new bill into the national assembly
to correct any specific problem with the current policy. That would give Nigerians a real view of the industry.
Just blaming "policy" is not enough.

Xisnin:

This is like saying the sky is blue. The price of any product depends on supply and demand.
You have to look beyond the basics to understand the issue.
Despite the topic, my submission was about economic realities and not specifically Dangote.
So, this issue can only be solved from an economic and legal perspective, any other approach
will have no effect.


Nigeria used to import more than half its cement until OBJ decided it was a bad idea.
You don't hoard limestone just like investors don't hoard oil wells. You either own one
or you don't. It is not something you share.
BTW, do you support blanket allowance for the importation of any product into the country?


BUA is playing a psychology game as all capitalists do. The only thing wrong from the perspective of BUA is that
Dangote cornered the largest part of the market. If the roles were switched, Dangote will be playing the same game.
It is never about right and wrong for a capitalist. It is always about profit and outmaneuvering the competition.
Which is also the beauty of capitalism. If Dangote lowers his price tomorrow, BUA will follow suit despite the "scarcity" excuse.



I actually read this article then. Rabiu isn't calling for more competitions in the real sense.
He is calling for "liberalization" which is different because that would weaken his competitor but
it isn't because he is some angel. Rabiu won't call for or work towards liberalization of any industry he dominates.

I still maintain that there is no specific law preventing new cement companies from starting up.
One thing Rabiu could do is rally his own politician investors and introduce a new bill into the national assembly
to correct any specific problem with the current policy. That would give Nigerians a real view of the industry.
Just blaming "policy" is not enough.

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.

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?

Evolutionlove:


Absolute Absolutely True.......

BluDesk:



Southerners are in delusion

Xisnin:

This is like saying the sky is blue. The price of any product depends on supply and demand.
You have to look beyond the basics to understand the issue.
Despite the topic, my submission was about economic realities and not specifically Dangote.
So, this issue can only be solved from an economic and legal perspective, any other approach
will have no effect.


Nigeria used to import more than half its cement until OBJ decided it was a bad idea.
You don't hoard limestone just like investors don't hoard oil wells. You either own one
or you don't. It is not something you share.
BTW, do you support blanket allowance for the importation of any product into the country?


BUA is playing a psychology game as all capitalists do. The only thing wrong from the perspective of BUA is that
Dangote cornered the largest part of the market. If the roles were switched, Dangote will be playing the same game.
It is never about right and wrong for a capitalist. It is always about profit and outmaneuvering the competition.
Which is also the beauty of capitalism. If Dangote lowers his price tomorrow, BUA will follow suit despite the "scarcity" excuse.



I actually read this article then. Rabiu isn't calling for more competitions in the real sense.
He is calling for "liberalization" which is different because that would weaken his competitor but
it isn't because he is some angel. Rabiu won't call for or work towards liberalization of any industry he dominates.

I still maintain that there is no specific law preventing new cement companies from starting up.
One thing Rabiu could do is rally his own politician investors and introduce a new bill into the national assembly
to correct any specific problem with the current policy. That would give Nigerians a real view of the industry.
Just blaming "policy" is not enough.

Krismas:
I'd like u to understand this issue is beyond Dangote. Its surprising really no one here is bashing the governmental system that connive to make all these thrive. Its not only cement, every other aspect.The system thrives by under developing its own citizens. Placing myriads of limitations before aspirations, the believe that a pauperized citizenry is more manageable. The fear that citizens could turn their capabilities against the government.

BluDesk:




You shot yourself in the foot


In street, you say Rabin is calling for help to weaken it's competitor, but that's the essence of liberalising the economy. To make it have free access to more players so prices and conditions and productivity can never be controlled by a single party



Are you aware if Dangote was doing what it is in Nigeria in China and Europe, it has breached antiMonopoly rules and would be severely sanctioned..


Are you?


The economy must truly be open. And not what it appears to be with Oliganomics.

Xisnin:

The anti-monopoly rule does not exist for any country and it is even meaningless in this context.
Always make research before contributing to complex topics.

Aconomist:
Anti-monopoly rules exist in every developed country.

China even fined Alibaba $3 billion for monopoly.

And in India, cement companies are raided like criminals if they are suspected of anti-competitive behavior.

Nigeria is the only country where criminals like Dangote have free reign to exploit an entire nation.

Aconomist:
I'm not interested in arguing about the semantics of monopolies. What Dangote is doing would not be allowed in any modern country.

omohayek:

The sophistical lengths to which all the Dangote sycophants will go to defend his monopolistic practices makes me wonder if he's paying them by the word or something, because otherwise it's hard to understand why anyone would exert so much energy defending some rapacious individual exploiting them, their families, their friends and everyone else who lives in Nigeria, all with government backing. Or maybe some people are just born bootlickers and slaves.

Krismas:
Dear bro. Welldone there for the post, It's Been eye opening.. Cool down with these MAI SASANCI. Thanx

warrenweste:


Hi bro, Have you used these before? How effective is it? Wanna ask before marketing it