Traders sha....they should tell us how exactly they transport and buy the product when its around 5000+.
Though the point appear valid, I believe an increase in price would have taken an immediate impact

Hmmm

Excuse no hold water

theophorus:
You think na Politicians/Leaders be our only problem abi?
Just look into the Mirror and look around and you will realize that everybody dey greedy.

How do u expect a truck driver to buy diesel at d rate of 1300 per liter to do?
And what do u expect a retailer that will hire truck driver to do?
U guys don't understand chains of supply at all

muchex:
The problem is with the major distributors not the retailers, they distributors add a high profit margin after they must have gotten it at a discounted price from BUA.

Have you considered the cost of transporting the goods from the factory to their location? BUA cement factory is in Edo state. It will take tens of thousands of naira to transport the cements from Benin to Lagos through bad roads and they also need to make their profit. BUA should have explained to us that the price slash was for distributors not final consumers

Set Awon scammers.

Retailers are liars. Not telling the whole truth. People in Benin have vowed not to sell at 3,500.

You can't beat basic economics. In all of this, Alhaji Dangote is smiling to the bank as his product dominates the market.

This is where a serious business man will come in.
Invest millions in haulage.
Partner with BUA if possible.
Before anyone realize what's happening, you've made your money.
You're the middle man.
Buy from BUA, transport to distributors...
Even if it's 500 u can get from each bag... And you're able to transport 10k bags per month, all expenses deducted.... 5m...
But of cos... It's easier said than done.... Who would want to invest hundreds of millions of naira only to be making 5m per month.....

Hendrixky:
One useless thing about this country is that the masses themselves are too greedy

Why don't they tell us how exactly they transport and buy the product when its was around 5500 naira

Guess what the price of bua cement here in Edo state is still 5500 naira

We all know cost of transportation is insignificant here since their factory is right here

Now ask the retailers they will tell you old stock in the shop is the problem that they have to sell it off first


This are same Nigerians even when they have old stock in the market and the price of that goods goes up they won't sell at the old price they will sell at the new price

Why don't they sell their old stock at the new price now

sell old stock at new price... oshey

They want to sell at old price and use the margin to expand their business by increasing quantity...Greed of man

Hendrixky:
One useless thing about this country is that the masses themselves are too greedy

Why don't they tell us how exactly they transport and buy the product when its was around 5500 naira

Guess what the price of bua cement here in Edo state is still 5500 naira

We all know cost of transportation is insignificant here since their factory is right here

Now ask the retailers they will tell you old stock in the shop is the problem that they have to sell it off first


This are same Nigerians even when they have old stock in the market and the price of that goods goes up they won't sell at the old price they will sell at the new price

Why don't they sell their old stock at the new price now

emmanuelbrown26:

How do u expect a truck driver to buy diesel at d rate of 1300 per liter to do?
And what do u expect a retailer that will hire truck driver to do?
U guys don't understand chains of supply at all

how were they able to sell for 5500 before bua reduced it to 3500 and they are still selling for 5500 or was bua giving them for 3500 then

so if his factory price was 4000 or 4500, you guys will be selling for 6000.

Na Man do man be dis o

Cantonese:
Yeye liars.

Yes o. As if they where not transporting before the reduction.

APC = LIES

Nigerians are the greedy hypocritical are hypocritical about the fact.

Wickedness and man's inhumanity to man is their hallmark when it comes to money matters.

lol

Hendrixky:
One useless thing about this country is that the masses themselves are too greedy

Why don't they tell us how exactly they transport and buy the product when its was around 5500 naira

Guess what the price of bua cement here in Edo state is still 5500 naira

We all know cost of transportation is insignificant here since their factory is right here

Now ask the retailers they will tell you old stock in the shop is the problem that they have to sell it off first


This are same Nigerians even when they have old stock in the market and the price of that goods goes up they won't sell at the old price they will sell at the new price

Why don't they sell their old stock at the new price now

osazsky:
how were they able to sell for 5500 before bua reduced it to 3500 and they are still selling for 5500 or was bua giving them for 3500 then

How much was diesel weeks back and how much is it now
Diesel keeps adding money on monthly bases. We bought diesel at d rate of 1050 at NNPC outlet on Wednesday, then on Thursday we saw 1300 per liter
Fed govt has a lot of work to do. Immediately Bua reduced d price, I expected FG to backup Bus with means of transportation by subsidizing cost of diesel or setup stations in every state where it will be much easier for retailers to convey it to their various destination.
Price reduction, FG has a whole lot of work to do

Bua has been indirectly advertising his product since few months now in the name of price reduction.

If the fg gives license to many investors to import,produce cement all this scarcity will disappear.Monopoly is the cause of this problem.

Let's analyse this, Bua cement cost N5,500 naira in Lagos before the coy decided to reduce the price, understandably retailer need to factor in logistics into their selling price, but my confusion is that they is a price reduction in their cost price yet retailers are claiming several factors (all of which are not new) why the retail price must remain same. I am not convinced they are totally been fair, I would have expected price reduction but maybe not down to 3,500 but explaining it away if not possible.

dominique:


Have you considered the cost of transporting the goods from the factory to their location? BUA cement factory is in Edo state. It will take tens of thousands of naira to transport the cements from Benin to Lagos through bad roads and they also need to make their profit. BUA should have explained to us that the price slash was for distributors not final consumers

I wouldn't know how and when BUA explained that but I don't think he ever made that explanation. Despite the high cost of trucking, the price retailers and consumers get cement is high compared to what the distributors get it for. I can tell you that for free

Kaa4:
It is unfair to ceate false hope and lie to the people to get market.

That's Nigeria for you. It's more like salesbait😂

sammysammy111:
Other investors in dis industry should take advantage, Ibeto, Unicem, should com join hands to flood d market with dia brand, let Dem break d monopoly of dangote and help Nigerians

Na greedy Dangote kill Ibeto business. You can make research about. The evil Dangote influenced the govt to kill his business because he wants to sell alone.

For Naija! Don't listen to govt and companies for any form of price reduction of any product. If you do na capital OYO

All this is the result of misplaced priorities,; we were building rail to transport people, why didn't we build rails from BUA and Dangote factories to the 6 geopolitical zones and device a means to collect toll fees to reclaim cost in 5-10 yrs?

Dennisochampa:
This is where a serious business man will come in.
Invest millions in haulage.
Partner with BUA if possible.
Before anyone realize what's happening, you've made your money.
You're the middle man.
Buy from BUA, transport to distributors...
Even if it's 500 u can get from each bag... And you're able to transport 10k bags per month, all expenses deducted.... 5m...
But of cos... It's easier said than done.... Who would want to invest hundreds of millions of naira only to be making 5m per month.....

Exactly!

The big question is; How have they been transporting it before now when the ex-depot price was higher.
It doesn't make sense to still be selling at the old retail price when there is reduction now from the company.

SoNature:


Source: https://www.thecable.ng/retailers-why-we-cant-sell-bua-cement-at-n3500/amp

I go carry truck go the factory myself,

To hell with the retailers

SoNature:


Source: https://www.thecable.ng/retailers-why-we-cant-sell-bua-cement-at-n3500/amp

yet when bua has not reduced the price to 3,500, how did dey transport the goods and still sell at the current price then. Abi it's now that they remember transportation cost

I go carry truck go the factory myself,

I dont need the retailers