samwash:
Let's face the reality, many factors comes into play in the production industry.
lets compare Zambia to Nigria in terms of
Economic growth
Government policies & tax
Dollar exchange rate
Source of raw materials
Market competivenes
Manpower & Technology
Security, Power etc.
A company that has its factory in two different country ( lets say Nigeria & Benin Republic) will not sell a particular product the same price in both country even if they are neighbors.
Note; the value of the country local currency plays a major role that's were inflation comes into play.

Aconomist:
The country is a complete zoo. At this point I would rather invest in Ghana or Kenya than Nigeria. Worthless country full of zombies and monkeys. Dangote is selling cement for double (and sometimes triple) the international prices and monkey dey suffa and smile.

jaszplus12:

A particular tribe are not happy because it's not their person that's enjoying the monopoly...if it were... hmmnmm they would have said how no one else can be smarter than them!! Would not have referred to it as wickedness but as business acumen!!

Tobbit:



Hahahahahahahahaha. Yes. Cause when one can't speak about one's activities with high level of intelligence, it means there's rottenness deep within. That's why no matter what he does Arsenal won't sell the club to him so he can white wash his image


He's stripping Nigerians to the bones but just few know it.


Cement should not be more than 2500/3500 Naira per bag.


When Dangote mentioned interest into Tomatoes, the market got destabilised, same Tomato that had revolved around 40/60 Naira for decades skyrocketed to 150/200 Naira


Now let me go deeper into the underlying econometrics of this.


If Tomato is farmed, processed, cost of maritime, haulage to Nigeria and the price steadies around 40/60 Naira for a decade, Home based productivity that benefits the masses should go below the import/retail price for the same size and not Quadriple it.


Which makes me beg our local outfits when they write stories why don't they get experts to run intelligent analysis on issues like this?


How should Tomato farmed in Italy/China cost five times lesser the proposed Nigerian price. And we want to maintain a strict almost closed market structure around it



The same thing is being done to Milk as we speak and will begin to roll out over the next few years


Local productivity isn't just about creating jobs if it's not going to result into subsidised reduction or close in prices to Imported goods, then should we bother about home based productivity atall?



The insult as a macroecononist that I am is Many average Nigerians will say fluctuations, light, power this that and that. Forgetting these guys mostly use casualties labours, generate huge finances from the stock market which in itself ought to be a stabiliser against sudden spikes in production chain


So I beg to wonder where are the elites



If I'm wrong, why is Milo still the same price inspite of different economic realities in the past 5 to 10 years. Kiln maintained the same price for over a decade. Nut No, Dangote must spike prices 50 times every 2 years, yet Nigerians are the ones financing it realistically and getting terrible Dividends that doesn't reflect profits his overall financial standings continue to reflect



I don't think Nigerians have professionals in the media. I doubt.

Sunmoluvic:

That's cruel, but you should take a consideration into some things such as the availability of natural resources (limestone) used in making cements. But still, the price too much

LMS1:
One Tribe Like That Will Hire Pickup Trucks And Troop To Zambia Just To Go And Buy The Cement At Cheaper Price And Resell Them Here In Nigeria For Profits.
Igbo Kwenu!!

Aconomist:
They have no incentive to do that. According to Rabiu, the problem in the industry is scarcity. They can't produce enough to meet demand. The only solution is to allow more companies to enter the industry and compete OR allow imports.

Aconomist:
When people ask me why I don't invest in Nigeria, remember this thread and responses like this. Nigerians are addicted to stagnation and justify their own demise -- only a fool would put his hard earned capital into a nation of monkeys like this.

Cement prices around the world range from $3 to $6 while Dangote is selling for the equivalent of $11 for a profit margin of 60% in Nigeria compared to an industry average profit margin of 5% to 12%. He is able to charge these high prices because of low competition -- he kicked out competitors by hoarding limestone resources and convincing the federal government to ban imports.

According to Rabiu of BUA Group, Nigeria's real cost of cement production is the lowest in the world. The high prices are because of price gouging and monopolistic behavior from Dangote.

jaszplus12:

A particular tribe are not happy because it's not their person that's enjoying the monopoly...if it were... hmmnmm they would have said how no one else can be smarter than them!! Would not have referred to it as wickedness but as business acumen!!

Staphylococcus:



You are not brilliant OP

Chevron and Shell selling PMS over $2.50/Liter in the USA, Why are they selling cheaper in Nigeria

You see that comparison is baseless

elGenius:

Is he the only one producing cement, why don't the others step up and compete.

if he sells at #3000 the others should sell at #1000 and let the market force take effect.

after all he isn't forcing anybody to his products.

Csami:


You're a zomb!e. Who in their right mind would justify this nonsense? What has tribe got to do with this? Are his people getting the cement for free?
Let's call wickedness what it is and not tag tribe to it.

elGenius:
Op is just being mischievous and petty, or maybe ignorant.

let me enlighten you.

say you are an international business man selling product "A" to your country and country "Bc"

if the fuel price, electricity cost, tax and salary budget in your country is almost 2 or 3 times that of country "Bc", according to the law of cost, expenses, profit and all the economy brouhaha , will you still sell the product at the same price?

if not which country will "A" be cheaper??

this is common sense.

and Aba man who sells shoes in Lagos - imported through the port - and in his home town Aba, where do you think his shoes will be cheaper.

it's all about the expenses and profit.

Acidosis:
You guys are always on Dangote's matter yet his cement is not the only available brand in the market. Did anybody force you to buy Dangote cement?

...always complaining about how Dangote killed competition. Tbh, this is one of the craziest things I have seen on the internet. If Dangote wants to kill Ibeto, Unicem, Lafarge and others, all he needs to do is crash the price of cement to N1000 per bag. He doesn't need to bribe anybody. This is simple economics. Make una dey use una head on this forum.

Dangote is wicked bla bla, yet his noodles, spaghetti and salt are some of the cheapest brands in the market.

Look at the images below and search for the brand with the best and cheapest offer.

As per the Zambian analogy from the OP, it's really not worth a response from me. I would leave that for primary school students to debate.

Aconomist:
Dangote is selling cement for 55 Kwatcha (1150 naira) in Zambia. But in Nigeria, the same cement is going for 3,000 to 5,000 naira. Dangote is the biggest problem in Nigeria. I have never seen such a wicked excuse for a human being in my live. EndSARS is over. It's time to start END DANGOTE.

https://zambiareports.com/2021/03/31/78130/

Asour:


Nigerians have to come up with self thought solutions to break this. Complaining would not help. Never did.
Since it's not a monopoly (technically).

Capitalism has little soul. Any advantage that can be used would be used in capitalism. If he can dominate more he probably will.

Acidosis:
You guys are always on Dangote's matter yet his cement is not the only available brand in the market. Did anybody force you to buy Dangote cement?

...always complaining about how Dangote killed competition. Tbh, this is one of the craziest things I have seen on the internet. If Dangote wants to kill Ibeto, Unicem, Lafarge and others, all he needs to do is crash the price of cement to N1000 per bag. He doesn't need to bribe anybody. This is simple economics. Make una dey use una head on this forum.

Dangote is wicked bla bla, yet his noodles, spaghetti and salt are some of the cheapest brands in the market.

Look at the images below and search for the brand with the best and cheapest offer.

As per the Zambian analogy from the OP, it's really not worth a response from me. I would leave that for primary school students to debate.

Acidosis:
You guys are always on Dangote's matter yet his cement is not the only available brand in the market. Did anybody force you to buy Dangote cement?

...always complaining about how Dangote killed competition. Tbh, this is one of the craziest things I have seen on the internet. If Dangote wants to kill Ibeto, Unicem, Lafarge and others, all he needs to do is crash the price of cement to N1000 per bag. He doesn't need to bribe anybody. This is simple economics. Make una dey use una head on this forum.

Dangote is wicked bla bla, yet his noodles, spaghetti and salt are some of the cheapest brands in the market.

Look at the images below and search for the brand with the best and cheapest offer.

As per the Zambian analogy from the OP, it's really not worth a response from me. I would leave that for primary school students to debate.

ayterajah:
Am not supporting dangote but my point of view is that what's the economy state of Zambia compare to Nigeria and don't forget that dangote it's not alone ... he have many govt officials under him

PAWG:




What do I know? Have you done your analysis on the cost of production and transportation in Nigeria in comparison to that of Zambia?


Is Dangote the only seller of Cement in Nigeria?


OP please I need answers to the following.


Your statement about Dangote being the biggest problem in Nigeria shows how myopic and hate-filled you are.

Repent

Bouz:
You guys haven't seen anything yet. The worst will soon be heard once his refinery begin to function..

slowice:
Kill Dangote before he kills Nigeria..... The man is dangerous to us all and must be stopped before he destroys what's left of this failing contraption.

expliciit:
The dangote guy is a criminal, I have known this for a long time base on report and experts opinion that cement should not be more than #1000

Permesso:


He's looking for quick money to invest and finish his Gigantic refinery in Lagos. He's as greedy as Nnewi man. Ibeto should come out and do his justice, but his no where to be found. Can you imagine 1500 in Zambia while Nigeria where it's produced and soursed is unattainable in price.

Aconomist:
Dangote is selling cement for 55 Kwatcha (1150 naira) in Zambia. But in Nigeria, the same cement is going for 3,000 to 5,000 naira. Dangote is the biggest problem in Nigeria. I have never seen such a wicked excuse for a human being in my live. EndSARS is over. It's time to start END DANGOTE.

https://zambiareports.com/2021/03/31/78130/

expliciit:
The dangote guy is a criminal, I have known this for a long time base on report and experts opinion that cement should not be more than #1000