thesicilian:

These are some their biggest campaign financiers. If the president decides to break the competitive advantage that has been handed over to these capitalists from generation to generation, where will the next campaign funds come from.
They all know what they are doing.
The masses are nothing but pawns

I quite agree..

Tjra:

Compare your comment with those of the previous intelligent posters. Shameful right?

Yes

E-BOLA Tinubu is a criminal that should be dragged out and stoned till he dies

We all agreed on this

insidelife22:
Allow other investors in the cement industry for competitions, and watch demand and supply determine the cost.

I think economics as a subject should be proscribed in Nigeria.

It does not work here

Are we too blind to see it?

yewit37486:


7000 of which currency?

Nigeria. Converting their money to Nigeria. This is to say if Tinubu hasn't dabaru everything the equivalent is just 3k

opera1:
I don't just understand what lead to the increase coz we have all the raw materials here. It's now 12k per bag in some places.

100 bags is ₦1m. How poor man wan take get house like this?

Just watch how they will explain it away afterwards like it is a normal thing for the price to go up so outrageously as it has in the past 2 weeks. Eventually what are the advantages of local production if prices can take to flight like birds in the sky.

Tekno talk say "una never see chum chim. "

Even the President himself can not sommon these Men, he can only invite them for discussions.

Who is the common poor Minister. I laugh when I read the headline. Very funny. Only the President have the power to invite them self for discussions.

Funny!!!

Bahamas95:
Why the increase if not wickedness?
Nigerian masses are the most wicked people on earth. As soon as they hear of increment they inflate prices immediately, but when it drops they feel reluctant to reduce the prices of commodities and most times it remains like that.
If FG increase pump price of PMS to N2000 now all filling stations will comply immediately, if they reduce it to N200 per litre the idiõts will start talking of old stock.......I don't blame government in everything, the masses are also one of the problems of Nigeria.
The wickedness in the land is too much.

You have oil upstairs,bro!
We need attitudinal Changes in all ramifications,as we tend to oppress ourselves! But why.
The White men don't behave this way!

opera1:
I don't just understand what lead to the increase coz we have all the raw materials here. It's now 12k per bag in some places.

100 bags is ₦1m. How poor man wan take get house like this?

My bro I wonder oo.

Ezewuzie01:
Why can't Ibeto or any other wealthy Igbo or group pool resources together to revitalize the Nkalagu cement to free Igbos from the Fulani cement mafia? Igbos like coming to social media to complain about everything and blame other tribes when we haven't done our homework.

In some quarters' opinion: adulterated and very low quality will be produced and pushed to the market by the people you just mentioned above, therefore causing a lot of calamity, futuristic problem such as incessant breaking of construction works etc. You can infer this opinion from fake electronics, fake beer, fake petrol, fake fan, fake juice, fake wine, fake baterries, fake pregnancy , fake hospital, fake money, fake occupation, fake life, fake malt, e.t.c., that we know them for, in the name of doing business!

Why won't they summon there selves in order to tackle the economic hardship Nigerians are facing? Nonsense and Tinubu...

Whalis:

Nigeria. Converting their money to Nigeria. This is to say if Tinubu hasn't dabaru everything the equivalent is just 3k

Wow.

And yall are expecting price of fuel to go down when Dangote's refinery is running.

The minister

Umahi just mentioning mentioning mentioning

RIGID PAVEMENT , RIGID PAVEMENT, RIGID PAVEMENT


Why cement will not RISE.


Useless leadership

Rigid and flexible pavement should interchange.

123yes:
This APC government have no sense. You devalue you currency to almost #1770 to a,$ollar They have to increase their prices so as to cover their cost of production. That is common economics. What did u want them to do? to produce and sale at a loss?.

Interesting... So because of the increase in $, that is why the cost of the product went up more than 100%. Una go just come online they stan wetin I no know.

Iseoluwani:
Nigeria is gone to the dogs

Tinubu took it to the dogs.

Buha closed boarder to cement and rice for past 8years rule claiming will boast local production. So where is the benefit to nigerians,few individuals get stupendously at expense of entire citizenry.
Same is happening to refinery now? Where is the fuel?

chicfarmer:

The additives in cement production which may be imported is very minimal. Naira devaluation cannot be responsible for over 120% price increment for cement. The major raw material for cement is locally and abundantly available.
This cement cabal need to be checked before they get out of hand.

Did you consider transportation of the raw materials, how much is diesel now?

PARADIZEPRIEST:
Buha closed boarder to cement and rice for past 8years rule claiming will boast local production. So where is the benefit to nigerians,few individuals get stupendously at expense of entire citizenry.
Same is happening to refinery now? Where is the fuel?

since 1999 is govt of the few by the few,irrespective of tribe or religion which are just to divert attention of gullible Nigerians. ONLY A LEADER WITH RENEWED GOOD CONSCIENCE CAN CHANGE THE NARATIVE.

stacyadams:


Go pull resources revitalize nkalagu cement instead of coming to nairaland to lament

Onye ahura wu onye ofe.

Eriokanmi:
We don't have all the raw materials. We only have the stones which they grind. We don't have the chemicals which make the grinded stones solidify when it's mixed with water. They import those chemicals at 1,650 naira to a dollar rate.

Or do you think once they grind the stones, they'd just bag them and sell?

If a bag is 12k at 1650$ rate imagine when dollars hit 5k

When we say Dangote is one of the problems of Nigeria some never do well will call it hatred. Buy later in their miserable life they will come to terms with reality. Igbos see before others.

We saw Bubu yansh but others saw it after 8 years.
We saw Tinubu yansh but others are seing it after 7 months.

Respect Igbos biko.

obesse:
Open Seme Border. Let foreign rice enter. Let foreign cement come in. I bet you, the price of cement will reduce to 3,500 per bag, and a bag of rice will reduce to 30,000.
Within 3 months we will see results.
Big businesses that are being protected by the Government will continue to take advantage of the masses, unless you create a level playing field.
It is such a shame!

What you listed here have you taken into consideration custom clearance fee which has increased almost by 100% recently?

In my view, one of the best way to cut the hands of greedy manufacturer is boycott.
No matter how impossible it may sound, boycott can reset the whole nonsense over a short period of time.
Anyways, for majority Nigerians, daily bread is the number one priority at the moment

STEWpid:
Chai..


Time for other cement companies like Sokoto cement to start selling and gain prominence!!

Many people are already buying the cement as if nothing happened.


Even when it gets to N20,000, some people will still buy.


The effects are only dawning on Mekunus.

Ugly n silly...
Who builds more houses even in your villages.
Foolishness

The question is, what is the factory price per bag? I am aware that most manufacturers usually set the retail prices for distributors. So, if these distributors are just taking advantage of the situation to hike prices, they should be boycotted.

Our problem in Nigeria is that we are not patriotic enough and enable bad behaviors. Prices of goods are increasing because people are patronizing the sellers. If a commodity is insanely expensive and not something essential, don't just rush and buy because you can afford it. If we continue like this, the situation will get worse.

IamANigerianMan:

Lime stone is in Lokoja, what concerns your nonsense with dollar, pray I should not be president , I will killed many people for the good of this country ...

so they just pick limestone and it bcoms cement like dat? Funny.

Goodluck

123yes:
This APC government have no sense. You devalue you currency to almost #1770 to a,$ollar They have to increase their prices so as to cover their cost of production. That is common economics. What did u want them to do? to produce and sale at a loss?.

What has the production in Nigeria got to do with dollar.
You will cultivate vegetables 🥦 and be telling me that dollar is the reason it’s expensive.
What business do you have with dollars?

peekspot:

https://www.thecable.ng/fg-summons-dangote-bua-over-rising-cost-of-cement/amp

This government is laughable!

They should also invite manufactures of, bread, biscuits, soaps, garrison, rice, pure water, cooking oils, cooking gas, PMS, cream, paints, books, cars, akara, amala, drinks, alibi, soups, cow meet, goat meat, fish and everything we buy.
Anyway, tinubu till 20257

Afobaba33:



Oga Sir common economics says they have no rights to increase because the raw materials are locally source for
Shale, gymsome, limestones and sandstone etc are all locally sourced for

so everything locally source in Nigeria are cheap

There is no justification in the rise of many goods and services....

Using local materials should not result in high prices from fx. Even if some components of materials are imported .. ..


And this is where we see the true CEOs/MDs. Who always think they are the best because everything goes well. Not all goods can benefit from an increase in prices.....

What is your strategy or will you just blame it on fx. Banks MD have not been able to show any strategy to manage the losses from the floating fx. With all their huge salaries, it's the shareholders bearing the losses


Nigerians should also understand their power and BOYCOTT all goods that are non essential for now.

THE CUSTOMER IS STILL KING. THE POPULACE IS STILL KING.