omohayek:

I hope you're getting paid for this ridiculous propaganda, as I'd hate to think anybody could be slow-witted enough to believe the inanities you've written. How does the fact that a monopolist like Dangote throws back a few crumbs in the name of "good works" excuse his mercilessly squeezing 200 million of the poorest people on the planet to add to his USD $10 billion fortune?

Only a paid shill or someone with "special educational requirements" would attempt to launder this gigantic criminality by pointing to the "good" things Dangote has done with a tiny portion of the money he's stolen from every single Nigerian over the last 40 years. You might as well say mafia bosses are "good" men because they squeeze in the occasional act of local charity in between their busy routines of murder, drug-pushing, fraud and extortion. The only difference between a Dangote and a Don Corleone is that Dangote managed to get an entire nation's government to give legal backing to his organized criminality.

Politicians who truly cared about improving the lot of ordinary Nigerians wouldn't waste time talking about "incentivising" local producers by creating new subsidies that would only generate new avenues for corruption. Instead they'd be agitating for the outright abolition of all import restrictions and special tariffs on cement, so that any Nigerian wanting to build a house could enjoy the fruits of international competition. Cement is by its nature a low-tech, commodity product, so even the usual "infant industry" type arguments protectionists love can't be applied here - Nigeria gains nothing by having it produced at higher cost locally.

God bless you, sir��

Dangote knows what is coming for him from the poor citizens of this nation. Sooner or later people will rise against him aggressively. That is why he has decided to recruit his own media crew for fake news.

The man up there is a paid DMC. He's sold his conscience.

omohayek:
I hope you're getting paid for this ridiculous propaganda, as I'd hate to think anybody could be slow-witted enough to believe the inanities you've written. How does the fact that a monopolist like Dangote throws back a few crumbs in the name of "good works" excuse his mercilessly squeezing 200 million of the poorest people on the planet to add to his USD $10 billion fortune?

Only a paid shill or someone with "special educational requirements" would attempt to launder this gigantic criminality by pointing to the "good" things Dangote has done with a tiny portion of the money he's stolen from every single Nigerian over the last 40 years. You might as well say mafia bosses are "good" men because they squeeze in the occasional act of local charity in between their busy routines of murder, drug-pushing, fraud and extortion. The only difference between a Dangote and a Don Corleone is that Dangote managed to get an entire nation's government to give legal backing to his organized criminality.

Politicians who truly cared about improving the lot of ordinary Nigerians wouldn't waste time talking about "incentivising" local producers by creating new subsidies that would only generate new avenues for corruption. Instead they'd be agitating for the outright abolition of all import restrictions and special tariffs on cement, so that any Nigerian wanting to build a house could enjoy the fruits of international competition. Cement is by its nature a low-tech, commodity product, so even the usual "infant industry" type arguments protectionists love can't be applied here - Nigeria gains nothing by having it produced at higher cost locally.

I ignore JUVENILE and uncouth personal attacks and insults...
They merely betray the lack of a substantive argument and a crude family upbringing.
>

sylve11:
Good

Kudos to Senate for swift reaction to a growing social media campaign against the monopolistic tendencies of Dangote Cement in Nigeria, spearheaded by a certain guy called ACONOMIST

This is kind of bill our legislators should be promoting. If this bill is passed and implement accordingly, it will have direct relief on the populace.

No matter how they cut the price south east own will still be different.

yiimu nothing work in this country..

Roysnickz:
[quoqte author=Angrygoat post=101002458]Pls o ,cos I wanna do concrete stamping,they billed me 500k ,from 120k as it used to be. I no fit
have you gotten someone that can handle your stamp concrete work professionally?
contact me through snickzroy@gmail.com 08034942861 for assured quality work

witch one is stamp concrete again?

All of these Nigeria senators are very stvpid.
Dangote that should have been in jail by now
God pvnish Dangote
God pvnish Senators
God pvnish Buhari

Akamariner:

About 40% US
30% nigerian
20%Other african country and 30% asian.

Name your price, that's why i do not include a price tag.

Let's talk on WhatsApp. Will you give me your WhatsApp number?

9jaRealist:



You lot should quit partaking in illegality... >

Nothing illegal here, it is mainly use for marketing. Zigzagluv, don't mind him

omohayek:

I hope you're getting paid for this ridiculous propaganda, as I'd hate to think anybody could be slow-witted enough to believe the inanities you've written. How does the fact that a monopolist like Dangote throws back a few crumbs in the name of "good works" excuse his mercilessly squeezing 200 million of the poorest people on the planet to add to his USD $10 billion fortune?

Only a paid shill or someone with "special educational requirements" would attempt to launder this gigantic criminality by pointing to the "good" things Dangote has done with a tiny portion of the money he's stolen from every single Nigerian over the last 40 years. You might as well say mafia bosses are "good" men because they squeeze in the occasional act of local charity in between their busy routines of murder, drug-pushing, fraud and extortion. The only difference between a Dangote and a Don Corleone is that Dangote managed to get an entire nation's government to give legal backing to his organized criminality.

Politicians who truly cared about improving the lot of ordinary Nigerians wouldn't waste time talking about "incentivising" local producers by creating new subsidies that would only generate new avenues for corruption. Instead they'd be agitating for the outright abolition of all import restrictions and special tariffs on cement, so that any Nigerian wanting to build a house could enjoy the fruits of international competition. Cement is by its nature a low-tech, commodity product, so even the usual "infant industry" type arguments protectionists love can't be applied here - Nigeria gains nothing by having it produced at higher cost locally.

I dont think OUTRIGHT ABOLITION OF IMPORT RESTRICTIONS is good idea. Local industries need protection from international competition, There are Nigerian jobs that such competition can erode. Rather liberalizing the industry will see more companies coming on board to produce locally. Which will certainly crash the price of the product

NobleRace:

Let's talk on WhatsApp. Will you give me your WhatsApp number?

Mail me on d.sailor1999 at gma.l do.t com Or call me instead. 0810.7146.802, not available on whatsapp.

Una for talk am? Make una leave am for ordinary man in the streets to talk alone n die alone.And after dat talk today sef, nobody go hear such matter again cos Dangote go soon visit dem with his brown..........n dat will be the end of the matter.

Jlow2:
I ask again, what sense those it make when high quality goods that re imported are far cheaper than locally substandard ones

They are backed by better technologies, skill and know-how

On the SUBSTANCE of the subject matter under discourse...
THERE IS NO SINGLE SECTOR IN NIGERIA WHERE DANGOTE HAS A MONOPOLY!

Dangote’s Competition

Cement: Lafarge (the world’s biggest producer, operating in Nigeria since the 1950s/60s); BUA Cement; Ibeto; etc.
Sugar: Flour Mills/Golden Sugar (in business since 1960); BUA; Josepdam; etc.
Petrochemicals: Indorama (one of the world’s biggest multinational producers); Warri Petrochemicals; Kaduna Petrochemicals; etc.
Fertilizer: Notore (with multinational investors such as the IFC and Orascom); Kaduna Superphosphate; etc.
Refineries: NNPC; Waltersmith; Orient; Edo; BUA; with more than 28 private refinery licenses issued since the OBJ administration.
Tomato Paste: GBFoods (the Spanish multinational operating in 50 countries), Erisco, and Tomato Jos, among others.

On cement, that is the subject matter of this thread, Dangote competes in Nigeria against the world’s BIGGEST AND MOST POWERFUL cement producer, LafargeHolcim. In fact, despite operations of the world’s biggest producers (including Blue Circle, Holcim, Heidelberg, Scancem, etc.) in Nigeria since the 1950/60s (ie, before many of us Nairalanders were even born and while Aliko Dangote was a toddler), Dangote Cement is the FIRST (and probably remains the ONLY) producer of 52.5R grade cement in Africa, which is the highest grade globally, and in the process has dragged foreign cement producers in Nigeria (Lafarge, Holcim and Blue Circle, etc.) to modernize their facilities and upgrade their products from the 32.5R grade they had been dumping on Nigerian consumers since the 1960s to 42.5R. Blue Circle (now part of LafargeHolcim) did not bother to rehabilitate or upgrade its decrepit and polluting 1960s-era Shagamu and Ewekoro plants, until Dangote built its world-class Obajana plant.

The entry of indigenous Nigerian producers like Dangote and BUA has helped transform Nigeria from the world’s second-largest importer of cement (only behind the US) to an exporter of cement, in the process saving Nigeria BILLIONS of dollars previously spent on importing cement, earning Nigeria millions of dollars in exports, and (most importantly) CREATING TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS across the entire value chain, while generating wealth and livelihood for hundreds of thousands more NIGERIANS in ancillary, related and other industries and businesses, as well as tax revenues in corporate and income (from all those jobs created) taxes and charges for the Treasury to invest (to the extent not embezzled or misappropriated by politicians) in education, healthcare, public transportation, social security, public housing, infrastructure, etc.

Economic activity and the attendant CREATION OF JOBS is how best to help the poor citizens of any nation, NOT through charity. As reportedly the BIGGEST non-governmental employer of ordinary NIGERIANS (numbering in the tens of thousands in direct employment, and hundreds of thousands in indirect jobs and livelihoods), Dangote has more than done his bit to advance the fortunes of ORDINARY NIGERIANS (and according to a recent post here on Nairaland, just one of his companies paid N98 billion in taxes last year into the Nigerian Treasury - in a nation where most citizens outside of the civil service and PAYE system do not bother to pay their tax obligations - the very basic responsibility of citizenship). That is the real GOOD that folks like Dangote do for Nigeria. Any philanthropy is merely cherry on top!
>

9jaRealist:


They were run into the ground by POOR government management....

Nonetheless, Ewekoro still exists. It is owned by Lafarge (used to be Blue Circle UK, before Lafarge acquired Blue Circle), which is the world’s BIGGEST AND MOST POWERFUL producer of cement. The irony was that despite the fact that Lafarge has been in Nigeria since the 1950s/60s (as well other major multinational cement producers like Holcim, Scancem, Heidelberg, etc.), before most of us were even born, it was until indigenous Nigerian producers like Dangote and BUA built world-class plants that Lafarge decided to rehabilitate and modernize its decrepit and polluting Ewekoro and Shagamu plants, and it was still bagging imported cement and producing/dumping low-quality 32.R-graded cement until Dangote and BUA came on the scene with locally-produced 42.R-grade cement (Dangote is the FIRST, and likely remains the ONLY producer, in Africa of 52.5R-grade cement, the highest quality globally).

Bendel Cement was acquired by BUA Group under the Obasanjo privatization program, and has since been retrofitted and modernized, and a brand new plant added, and is now producing about 6 million tons/year (more than 10x its production under government management and ownership). Sokoto Cement was also acquired by BUA Group under the privatization program, and repeated the same modernized production upgrade feature as it did in Edo State. Calabar Cement Co., which was moribund and not producing, was acquired by Flour Mills under the same privatization program, and together with Holcim built a state-of-the-art new plant in Cross River State, and again has geometrically increased production levels and capacity. Similarly, when BCC Gboko was acquired by Dangote Cement under the same Obasanjo privatization program, it was moribund and NOT producing any cement. After so much objection by rent-seeking Benue politicians, Dangote Cement turned around the plant, increasing its capacity TEN-FOLD from 400K tons/year to 4 million tons/year, built a power plant (which supplies electricity to the local community and LGA), roads, clinic and housing. Meanwhile, Ebonyi politicians also engaged in a long fight against Ibeto Group’s acquisition of Nkalagu Cement Co., until relatively recently, and since then the Ibeto Group has awarded contracts to Sinoma for a total rebuild and modernization of the Nkalagu plant (as well as a second new plant nearby).

The entry of indigenous Nigerian producers like BUA and Dangote has helped transform Nigeria from the world’s second-largest importer of cement (only second to the US) to an EXPORTER of cement, saving billions of dollars previously spent on importation, earning millions of dollars from exports, and CREATING TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS! Only people who celebrate failure and denigrate success would want Nigeria to return to the old regime of poorly run government-owned cement companies, and massive imports. SMH
>

More indigenous companies can still come in. If government will liberalise the process.

lionphil:


You're a good student of University of IPOB

I am and damn proud of it. You got a problem?

RedDesQ:
Aconomist

Akonomist


Come and see o. Well done. This was a battle well fought. Kudos to you. I take 20%, I give you 80%.

Recall I told you that our interactions went far into high and top places in society


All our interactions on the issue were tabled in high places and the word got to the right people. And here we have it. Change


This is the second time I'll be involved in triggering change on a national scale through social media. Though you spear headed it.


Kudos bro. We did a good job.
. Well done

Weldone to Aconomist and u. The senate is reacting to that 25page debate on Dangote monopoly

Krismas:
More indigenous companies can still come in. If government will liberalise the process.

There are NO entry barriers to the cement industry in Nigeria...
Other than the hundreds of millions of US dollars needed to build cement plants.

Even Flour Mills ventured into the cement manufacturing business.
>

zigzagluv:
where , i want to use for legit work

Sent a pm

NobleRace:

Let's talk on WhatsApp. Will you give me your WhatsApp number?

Sent a pm

marv1:

Let's talk

Sent you a pm.

Bofoy4:
Dangote is wicked


in fact we need revolution in this country

very soon attack on dangote and his company will start.

Hater!

Why you or an of your generations will ever rise to 0.1% of Dangote`s wealth.

The dude spends on security, your lots will die in their millions.

Come to think of it, Is that your illiteracy is this chronic. Is it only Dangot that manufactures cement in Nigeria? You see why you making it in life is impossible, cos you not even informed

UnabashedIPOB:
What do you expect when you have one FULANI man playing monopoly? What happened to all the cement manufacturing plants that were operational back in the day like Nigercem (Nkalugu), Ewekoro, BCC (Benue Cement Company), Bendel, etc. For one reason or another, they were all forced to CLOSE due to the FULANI monopolistic agenda. Now you have one man as the sole importer. The IDIOCY of the whole thing is that the cement is not even manufactured in the ZOO, but only packaged and then sold to the citizens at a very high price compared to other African countries. What a hopeless country! ONE NIGERIA will kill all you mutha f**kers!

You are not brilliant. Dull and sick!

So how many cement manufacturing companies are in Nigeria as at today? Is Dangote dictating price for others? If you had access to basic and quality education, common sense should have told you competitors can leverage on price to compete. But you hate filled being is blind.

Trying to Ferrari for the high cost of cars.

9jaRealist:


Dangote does NOT have a monopoly...
Unless of course you don’t know the meaning of the term.
>

This lots are illiterates


Its sad that majority do not even know the meaning of monopoly. They just start screaming monopoly at the mention of Dangote.

Or should I say they are poorly informed

Cmanforall:

Hope they are not planning to pay Dangote subsidy.
They should allow importation of cement, let Nigerians hustling in nearby countries export cement to Nigeria (since some say it costs less overthere).

Within 3 months, cement price will drop!

Dangote seems to be your only problem and its all about your hate for Africa`s richest man.

Are other cements brands selling for One Hundred Naira?

UnabashedIPOB:


I am and damn proud of it. You got a problem?

We are attending the same school biko. If I have a problem with it, why would I be attending the greatest school of all time where the truth is preached. Where history and news are dissected in such a way that even the dumbest starts to reason well.

lionphil:


We are attending the same school biko. If I have a problem with it, why would I be attending the greatest school of all time where the truth is preached. Where history and news are dissected in such a way that even the dumbest starts to reason well.

My bad my brother! Sorry, for coming off like that. I just got tired of IDIOTS here who have bought hook line and sinker the FULANI agenda and propaganda. All HAIL BIAFRA!!

AllenSpencer:


You are not brilliant. Dull and sick!

So how many cement manufacturing companies are in Nigeria as at today? Is Dangote dictating price for others? If you had access to basic and quality education, common sense should have told you competitors can leverage on price to compete. But you hate filled being is blind.

Trying to Ferrari for the high cost of cars.

You're too imbecilic to reason. I have more education than your whole family combined including your LovePeddler mama, your drunk dad, your little LovePeddler sister(s) and your STUPID ass! Now, how about that?

AllenSpencer:


This lots are illiterates


Its sad that majority do not even know the meaning of monopoly. They just start screaming monopoly at the mention of Dangote.

Or should I say they are poorly informed

Foolish man, is DANGOTE not playing monopoly? Judging by your writing, I am certain you have no clue what monopoly means and it's definitely not my responsibility to teach you.

AllenSpencer:


You are not brilliant. Dull and sick!

So how many cement manufacturing companies are in Nigeria as at today? Is Dangote dictating price for others? If you had access to basic and quality education, common sense should have told you competitors can leverage on price to compete. But you hate filled being is blind.

Trying to Ferrari for the high cost of cars.

IDIOT, there are three major Cement manufacturers in the zoo, BUA, Dangote and Lafarge. Let me define monopoly for you in this context: What Is a Monopoly? A monopoly refers to when a company and its product offerings dominate a sector or industry. Monopolies can be considered an extreme result of free-market capitalism in that absent any restriction or restraints, a single company or group becomes large enough to own all or nearly all of the market (goods, supplies, commodities, infrastructure, and assets) for a particular type of product or service. Now, let me give you data to support that Dangote is a monopoly (https://nairametrics.com/2017/10/24/nigerias-3-largest-cement-companies-made-n207-billion-in-9-months-ended-september-2017/).

Nigeria’s 3 largest cement companies made a total profit of N207 billion as at the 3rd quarter of 2017. Of this sum. Dangote Cement was responsible for 93% of the industry’s entire profit. Dangote Cement which is Nigeria’s largest cement company by production volume made N193 billion in profits for the period ended September 2017, a 45% increase compared to N133 billion made the prior year. Lafarge Africa made N13.4 billion for the period ended September 2017, an improvement from the N40 billion loss made the corresponding period in the prior year.

Dangote Cement’s revenues increased by 36.4% from N442 billion in 2016 to N603 billion in 2017. We are led to understand that Dangote Cement may have increased its cement prices rather than reduce it, as the company’s profits soared despite a drop in production and sales volumes.

Now, if you have enough brain cells left in your brain, now apply the above data that I just shared with you to the monopoly definition and tell me if your FULANI brother is a monopoly or not. Not only is he a monopoly, he's involved in price fixing.

Long overdue.. I stopped all my projects because of one foolish selfish internet number shower Dangote


But believe them to take action on ur own perils