Nigerians are greedy at all level
Like leaders like followers

Peter Obi stole 30 Trillion Dollars from Anambra State treasury, that's why.

And also for obidients that Abuses our lovely president, they won't have the capacity to build house again.

Jagaban of Borgu promised to reduce their purchasing power, and that's what he's doing.

Jagaban is the biggest politician in Africa, this is politics 404.

By the time obidients knows what's happening, they will be drinking gutter water

Lol.....them dey even sell old stock at new price ....we are greedy as a nation .and agencies meant to enforce market forces to do the right thing are also non existent in the country


https://www.youtube.com/watch?v=DAuB6UgR1DU

Wickedness

Tituxy:


Dangote owns Nigeria?

this is funny..and also worrying..
However you choose to see it,
Dangote seem to be bigger than Nigeria..
He is arguably the only man in Nigeria who breaks the rule and still win..

Dangote does not own Nigeria

Naira has lost value while neighboring countries cefa has appreciated X3 to the naira. Its now profitable to export it.

I once worked in ashaka cement... It's a lengthy essay

MASTERCHIEF0847:

Mumu, so because it's produced in Nigeria that has epileptic power supply and because the raw materials are locally sourced then it means the cost of production will not increase?
Limestone is mined from the quarry using heavy equipment that runs on diesel that is selling for over a thousand naira per liter. Others like gypsum are mostly imported and paid for in dollars which the naira cannot keep up with, coupled with the cost of diesel needed to run the cement factory and cost of transportation.... but a slow being like you believes the cement manufacturers just want to punish the masses.
Educate yourself you illiterate...or better still establish your cement factory so you can produce and sell for 1000 naira per 50kg bag. Banza kawaii.

You can make you statements intelligently without abusing anybody. You have a point with what yiy are saying but don't add abuse to your statement. It make you appear unintelligent.

BluntCrazeMan:
Please I need someone to explain it fully to me - like as if I'm 10yrs old.

Why exactly is the price of cement going up this way?? What exactly really happened?

Is the price only affecting Just Dangote Cement?
Or it also affected all the other cement brands like Bua and Elephant.??

Corruption and dead policies. Come to think of it. Cement raw material is usually 90% locally sourced. The only chemical needed to always make it dry quickly is the only foreign material and most of them such as Lafarge and Bua hardly uses it.

Why is cement price high? They should just come up with the excuse. Is it the diesel? How many percentage increment do we have on diesel and what should be the average increment on the price? Nigeria is like a dunghill. You can throw in anything and people will swallow it sinker. Likewise some idiots already supporting Dangote to sell at par with the international market. I wonder when production cost in poor countries became at par with developed countries? Nigeria just a dunghill

Dealer are exporting it to neighboring countries because their currency is stronger than our own at the moment so they are making a lot on each bag of cement,that leads to demand higher than supply in Nigeria hence the price increase
The same is happening to food at the moment,northerners are selling to neighboring countries
Exchange rate need to go down otherwise neighboring countries will start raiding Nigeria to get cheap products there by creating scarcity and price increase in Nigeria

Simple, cost of production, cost of doing business, cost of even staff salaries

LIke someone has already explained here, fuel costs have shot up well well since. Especially since diesel was deregulated a long time ago. Dangote trucks and machinery run on diesel. Add the cost of equipment and machinery, and you get the picture. Add the fact that workers salaries have to be increased at some point...

Naira devaluation too obviously knocked things down badly. Especially now since our forex is at an all time low, meaning Nigeria cannot defend naira unless we borrow to do so...which is not a viable option.

After voting for tiefnubu you are here asking why prices are going up

BluntCrazeMan:
Please I need someone to explain it fully to me - like as if I'm 10yrs old.

Why exactly is the price of cement going up this way?? What exactly really happened?

Is the price only affecting Just Dangote Cement?
Or it also affected all the other cement brands like Bua and Elephant.??

While Dangote is a Nigerian business on the surface, it is a foreign-owned business underneath. It's machines are foreign, and so are it's top technicians, engineers, and operators. They receive their pay in dollars. The machines and machine parts are also repaired, set up, and maintained in dollars.

Many of the raw materials are also affected by the dollar, outside of the limestone, that is.

BluntCrazeMan:
When you say that something is dollar-dependent,, it means that more than 50% of its input are paid-for or procured in dollars.

You mentioned the procurement of Equipment, (you even mentioned INNOSON), just to sound funny.
But let me ask you, do they buy those equipments every week (or even every month)?
Are any of those equipments bought or procured within this period of hike in price?

For the operation of those equipments and their maintenance,, let me even assume that the expatriates are the ones who also do the operation of these equipments (and not Nigerians), then tell me..,, what is the percentage of these O-&-M costs compared to the overall production costs when compared for 2012, 2022, and now??

And then, for the procurement of Gypsum,, what's the percentage of its procurement cost with relative to the overall cost of production as at 2002, 2012, 2022, and now??

The production of Cement, even though it had some few things to do with dollars,, you cannot use that to say that the production of Cement is dollar-dependent.

let him be defending rubb!sh

Majesty7:


Corruption and dead policies. Come to think of it. Cement raw material is usually 90% locally sourced. The only chemical needed to always make it dry quickly is the only foreign material and most of them such as Lafarge and Bua hardly uses it.

Why is cement price high? They should just come up with the excuse. Is it the diesel? How many percentage increment do we have on diesel and what should be the average increment on the price? Nigeria is like a dunghill. You can throw in anything and people will swallow it sinker. Likewise some idiots already supporting Dangote to sell at par with the international market. I wonder when production cost in poor countries became at par with developed countries? Nigeria just a dunghill

The price increase has nothing to do with corruption,it’s simply because of demand higher than supply,dealers are now selling their cement to neighboring countries to make double profit because of weak Naira something that is not a crime till government make it a crime

Nbote:


Dangote enjoys tax relief from the government. Limestone and other materials used for production is sourced locally and not imported. Cost of production alone is not enough for him to triple the price of his cement. It's funny how everyone blames farmers for hoarding grains and inflating prices for commodities but yet no one is talking about people like Dangote for doing same

Tax relief does not mean that prices would go to N3000 per bag, it is probably why the cement isn't above 20000 per bag right now.

Add the fact that a lot of the componets that go into making the cement are imported from abroad. If Nigeria was making the equipment Dangote was using, even I myself would be asking questions, but they are not.

Then salaries have to go up, Dangote workers live in Nigeria, most of them spend in naira. Naira value is falling, and salaries have to go to keep up.

nairalanda1:
Simple, cost of production, cost of doing business, cost of even staff salaries

LIke someone has already explained here, fuel costs have shot up well well since. Especially since diesel was deregulated a long time ago. Dangote trucks and machinery run on diesel. Add the cost of equipment and machinery, and you get the picture. Add the fact that workers salaries have to be increased at some point...

Naira devaluation too obviously knocked things down badly. Especially now since our forex is at an all time low, meaning Nigeria cannot defend naira unless we borrow to do so...which is not a viable option.

The price increment isn’t from factory,it’s from distributors and dealers.

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

Shut up and stop saying nonsense

Would you tell your son same thing ifbhe asked you this question?

Passionnn:
Open Google and type
WHO OWNS NIGERIA?
Then come back and let's discuss

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

Men STFU..... So all of a sudden the need to import teg equipment came up Haven't these equipment been on ground for a while?? Isn't maintenance the daily monthly and periodical cost associated with the equipment..... Una go just to justify nonsense.... Enjoy your suffering na nonsense

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

Why would anyone working in Nigeria be paid in foreign currency?

Do Nigerias working in US paid in naira or Euro?

Are expatriate working in UK paid in dollars or yen?

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

are you normal? Why are you defending evil, with the free cement parent raw materials, 50kg shouldn't be more than #2000 even with cost you mentioned so far. Just tell the oppressor to kill everyone then so they can be fine.

Cost of transporting these cement from the factories to different parts of Nigeria is the main reason. A litre of diesel is over 1000 naira now. If they tell you how much diesel a 10 ton HOWO truck consumes to transport 5000 bags of cement across Nigeria, fear go catch you self. Business in Nigeria is not easy. Whether you go large scale or small scale.

Let's set up your space.

Kitchen & Media Panel.


Contact: Zero912234843seven

Flier:
The price increment isn’t from factory,it’s from distributors and dealers.

Yeah, and the price of the fuel they use to transport the cement stuff to end users from the factory..? Gone up. Things like workers salaries at the factory...probably going up because country hard., and workers better get paid well or else. Cost of maintaing machinery? Gone up. I also suspect some of the expat workers are being paid in dollars and so.

Even that transport, the further it gets from the factory, the more the cost of transport rises. DIstributor is not just paying for the cement, he or she is paying for its cost of transport. DIesel prices have been going up, even before TInubu's latest partial subsidy removal.

The price increase is a reflection of decades of bad government polices on the economy. We rely on oil for evereything, and when oil prices crash, we borrow to the hilt. We are seeing the end result..inflation, reduced value of the naira, reduced money for subsides....kapoom..bad economy.

Feldie:
continue to defend criminal billionaires while they fleece you to stupor. As at October last year, dollar was already 1350 and diesel was 1200 yet I bought cement for 4800. What has happened between January and now that warrant x2 or even x3 increase in price? Diesel is even cheaper now

really what changed masterchief0847? If dollar was already 1350 as at October last year and diesel was 1200 yet cement was sold for 4800, what changed?

GanagiBitrus:

Who wants to fleece the populace? Cement Sellers, Dangote or Government?

Very good question.

Oxb90:
No other reason than to fleece the populace.

Baba I beg to disagree with you on this. The cost of production and running of business in Nigeria of today is above the ceiling and no businessman wants to run his business at loss. Harsh economic policies, no steady power supply, transportation and over head cost

I believe the increase in price is actually caused by scarcity of the product.The federal govt have started using cement to make concrete road which have increased the demand for the product.But other little factors like cost of diesel etc also add up which may not be too significant.

MASTERCHIEF0847:

Mumu, so because it's produced in Nigeria that has epileptic power supply and because the raw materials are locally sourced then it means the cost of production will not increase?
Limestone is mined from the quarry using heavy equipment that runs on diesel that is selling for over a thousand naira per liter. Others like gypsum are mostly imported and paid for in dollars which the naira cannot keep up with, coupled with the cost of diesel needed to run the cement factory and cost of transportation.... but a slow being like you believes the cement manufacturers just want to punish the masses.
Educate yourself you illiterate...or better still establish your cement factory so you can produce and sell for 1000 naira per 50kg bag. Banza kawaii.

So gypsum is not available in Nigeria.Dangote spokesman. He is a greedy man. Virtually every thing you listed up there can be sourced in Nigeria, and nothing warrants cement price to surge to 16k

Passionnn:
Open Google and type
WHO OWNS NIGERIA?
Then come back and let's discuss

Umm I ve Google it and I discovered that Seyi Tinunbupoop and Iyabo ojo tinubupoop own it. Na wa oo

MASTERCHIEF0847:

Mumu, so because it's produced in Nigeria that has epileptic power supply and because the raw materials are locally sourced then it means the cost of production will not increase?
Limestone is mined from the quarry using heavy equipment that runs on diesel that is selling for over a thousand naira per liter. Others like gypsum are mostly imported and paid for in dollars which the naira cannot keep up with, coupled with the cost of diesel needed to run the cement factory and cost of transportation.... but a slow being like you believes the cement manufacturers just want to punish the masses.
Educate yourself you illiterate...or better still establish your cement factory so you can produce and sell for 1000 naira per 50kg bag. Banza kawaii.

Bro, when diesel price increased to 1000 was when a bag of cement hovered around 4-5k. The major component for cement, limestone and gypsum are available in large quantities in Nigeria, machinery for mining the materials are not bought everyday, service and maintenance are what's required of the machinery. Expats are paid in dollars alright, but doesn't make it right for the surge increase.

For the price of cement to quadruple within a week, then there's an invisible force behind it.