₦airaland Forum

Amotolongbo:
https://thenationonlineng.net/uch-delivers-first-ivf-triplets/amp/?__twitter_impression=true

CONGRATS to all...
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afroniger:
https://thenationonlineng.net/imo-villagers-set-fleeing-prisoner-ablaze/

The Correctional Center obviously did not correct this one.
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Technically, they are both adults...

But when the age and wealth is so skewed...
They are not “equal” partners - just the way most sexist NLers love life! SMH
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Henrydonland:
Getting married to a girl who is old enough to be your daughter.

I also blame the girl, all these small girls like Regina too like money or what else would cause this type of madness.

You mean old enough to be his GRAND-daughter?

Meanwhile, how can you blame an 18-year-old still in her parents care for this mess?!
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virago:
Moreso Flour mills wasn't selling sugar before 2013 so where are you getting all your bogus facts from

Dude, Golden Sugar was incorporated in 2008...
And was importing and selling sugar well before it’s refinery was commissioned in 2013.

FACTS! Not feelings!!
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Igboid:
Ebonyi main source of IGR is the solid mineral mining going on there. There are quarry sites all over the state that puts food on the table of the locals.
You can't go to the top and corner it without
carrying those whose very life sustenance depends on it along.
I don't know why Nigerian commoners are suffer heads and favor having the rich get richer on public wealth and resources while leaving nothing for the commoners.
This very disposition of Nigerians is really annoying.

The traders are well taxed by both locals and government. Enter main market Onitsha and open shop and see how far.
You must pay back to the community once you are making profits. You can't be stashing billions built on the penury of the Masses. That's madness.

No amount of jobs Ibeto creates should entitle him to make billions off the people resources without appropriate checks to carry everyone along.

Ah, the return of Das Kapital...

So because they are quarry sites all over, Ebonyi no longer need new jobs?
Before you answer, it may interest you to know that the POVERTY RATE IN EBONYI IS ABOUT 80%!
https://www.nairaland.com/5859369/80-poverty-rate-ebonyi-northern

Meanwhile, befuddled why you are going on about taxes, when I specifically sited the generation of tax revenue as a mutuality of interest.

Nigerians sadly have obsessive mentality of SHARING rather than production....
Hence, a proliferation of such code words as “carrying everyone along” (or chop-I-chop)...
The problem is there won’t be anything to share (or chop) unless there’s production.

Unfortunately, because mostly foreigners generate oil wealth that is quickly SHARED...
The nexus between production and commonwealth is completely lost on most Nigerians.
Probably why someone would think digging up quarries is better than adding value and creating MORE jobs.
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Lucrativress:
I can't go deep presently but lemme give an overview,first check the loan,second check the amount of the refinery,third check the rate at which they're giving him dollar,fourth check his pay back plan,fifth check the general subsidization they gave him.
See that dollar subsidy ehn,is what I hate the most,so check all those,the information is there on the Net just Google, last time I talked about this issue was last year,I don gba kamu,so elucidating cannuh be that easy again..

You do realize that Dangote is BUYING the dollars?
That they are NOT “giving” it to him nor is the price different from the CBN’s window price for ALL manufacturers?

What exactly are foreign reserves for?
So that Nigeria can admire it in the CBN vaults? Or that it be used to DEVELOP the Nigerian economy?

So what does Nigeria get in return for SELLING (not “giving”) dollars to Dangote to help build his refinery?
1) TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS;
2) Helps stop Nigeria from spending BILLIONS OF DOLLARS (reported 35% of all disbursed forex) importing fuel;
3) Any exports from the refinery and petrochemicals complex earns FOREX for Nigeria;
4) Generate tax revenues for government to invest in social services and infrastructure;
5) Creates a LOCAL eco-system of petrochemical-based users and industries, subcontractors, etc.; and
6) Introduces cleaner Euro V-standard fuel into Nigeria, rather than the junk that we’ve been importing.

These are just a handful of the benefits just off the top of my head...
But the NET effect is that the CBN sells some dollars and in return Nigeria saves and even earns more dollars.
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Igboid:
You are not making any point.
Ibeto was forced and rightly made to go through due process before Nkalagu cement acquisition.
That's how it should be in ideal world.

Ebonyi state government made sure he pays every single dime the state is entitled to and that the host community are carried along as well.

You can't say to have lawfully acquired a company without carrying the host community along. You are into business and not exploitation of the people, all involved parties (business man, state government and local community) must and should benefit from the business.

Either way, your post still has no relationship with mine.
You left the point I raised and dived into another thing all together. More of obfuscation. I

Aluta Continua...

Abegi, from which old communist doctrinaire did you dig out that gem from?
You think all those traders at Alaba are doing it for the benefit of the community and government?

One good thing about free market (capitalist) economies is the belief in “mutuality of interests”....
Ibeto in advancing his own interests creates jobs for the community and generates taxes for the government.

It does not require the obtuseness of PHYSICALLY PREVENTING him from operating the business!
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Lucrativress:
When it comes to Nigeria's matter,there are some comparisons that are ironic
Who owns MTN,who is Dangote?
Just look at this refinery stuff,left to me, na Nigeria dey pay the entire money for that Refinery
Dangote is highly favored na,on a National level,MTN for where,no na..
Next time compare Dangote and Tinubu or another magnanimous economic Influencer,walahi na the real Influencers be this

Please enlighten the rest of us how Nigeria is paying fir the Dangote Refinery. Thanks in advance...
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rhektor:
OH he want the industry to be rescued from self imposed monopoly he himself is enjoying lol

Liberate from what exactly?

Bros, I am still trying wrap my head around that one...
Why would BUA be complaining of high prices when it can simply lower its prices?

BTW, as far as I am aware there’s no extraordinary barrier to entry in cement manufacturing in Nigeria...
So long as one has the several hundred million dollars needed to build a modern plant, they can seek a mining license.
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virago:
He also did that with sugar some years back and made more than 200% on each bag of sugar before licenses were approved for BUA and Flour Mills of Nigeria. At that time he was the sole producer and distributor of sugar in the country. He wasn't even able to produce all the sugar needed in the country and had to import the deficit. The landing cost of sugar then was 3500 per bag and he sold at 12000 , this was some 7 years ago

Nigeria still imports MAJORITY of its sugar...
Nigeria is NOWHERE near sugar sufficiency, and Dangote is NOT the problem.

Meanwhile, ever heard of Tate & Lyle (later Tate Industries Plc)?
It was the SUGAR GIANT in Nigeria long before Dangote Sugar was even founded.

Furthermore, Flour Mills (a company founded in 1962, when Dangote was a toddler) was also importing sugar...
And finally set up a sugar refinery (but still imports raw sugar from Brazil) in 2013 to benefit from the BIP program.

Let’s stick with FACTS, not feelings.
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blaise26abj:
Who said anything about punishing him ? What reasonable people are clamouring for is a truly free market . Who told you he won’t make money if he plays fairly ?
Dangote dropped prices in 2014 from 1700 naira to about 1200naira . He dropped again in 2015 by about 400 naira . NO other cement manufacturer in Nigeria makes announcements like that . Dangote reduces/increases prices as it suits him and they follow.

This is the same reason why people support Yahoo/419/corruption etc . They refuse to question but celebrate Success blindly. AND that is why Nigeria is a 3rd world country .

Huh?! Not sure who you have been reading (or maybe you are struggling to comprehend), but I never said anything like that...

Why would anyone say that when Dangote is making money and “playing fairly” - unless you can point to any laws that he’s breaking. Meanwhile, you seem to think there’s a problem with a business modulating the prices of its products. Perhaps, you think that government should be setting the prices and even the production quotas of goods. You know, like they used to do in the old COMMUNIST SOVIET UNION. LOL!

What a STRANGE people and STRANGE S/hole country...
Currently a DESERVEDLY 3d World s/hole but inevitably heading towards “4th World” crapola!
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Igboid:
You are not making any point.
Ibeto was forced and rightly made to go through due process before Nkalagu cement acquisition.
That's how it should be in ideal world.

Ebonyi state government made sure he pays every single dime the state is entitled to and that the host community are carried along as well.

You can't say to have lawfully acquired a company without carrying the host community along. You are into business and not exploitation of the people, all involved parties (business man, state government and local community) must and should benefit from the business.

Either way, your post still has no relationship with mine.
You left the point I raised and dived into another thing all together. More of obfuscation. I

It was NOT “before” the acquisition...
He had already LAWFULLY acquired Nkalagu before his fellow Ibo kindred came out swinging.

And abegi, what section of Nigerian law mandates “carrying the host community along” to LAWFULLY acquire a business?
It may be good practical business practice, but not a legal requirement and if it was there would be hardly any corporate acquisitions in Nigeria!

Anyway, not surprised by the mentality....
I have said here several times, most Nigerians would rather “own” 100% of NOTHING than a smaller percentage of something. SMH
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Igboid:
Just call him Igbo already and get done with it. You know you want to.

I don’t know (and frankly don’t care) if he’s Ibo...
What I do know is that importing cement is as DUMB as importing fuel.

We have about 98-99% of raw materials for cement in Nigeria...
But instead of creating TENS OF THOUSANDS OF JOBS IN NIGERIA...
He wants to expend scarce foreign reserves to enrich a handful of importers.
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blaise26abj:
How many times was turnaround maintenance done for Nigerian refineries ? Over 25 billion dollars spent in 25 years , yet none is working . And you think this will be different ?
Dangote , once he has the major market share of a product , becomes very monopolistic of that market . He is a capitalist that is able to pull that off because of bad leadership in the country .

Lastly , lack of questioning is why Nigeria is where it is . People rob and rape the country but STRANGE people like you would rather call it success and cover their corruption . No wonder Nigeria is a shithole 3rd world country.

And so your answer is to punish Dangote for the FAILURE of the NNPC?
Like I said, a very STRANGE s/hole nation and people - celebrate/defend failure and detest/punish success. SMDH
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blaise26abj:
Dangote runs a monopolistic market thereby forcing the hands of other competitors .
Let me give you an example - you have cornered 60 percent of sachet water market in Lagos . All other producer of sachet water in lagos share the remaining 40 percent . Cost of producing a sachet is 6 naira . A fair Selling price is 10 naira . However since you have 60 percent of the market , you can afford to bring down your price to 7 naira or 6.5 naira and your competitors can’t survive on that margin . This makes you the major market price determinant . If you decide to sell at 15 naira ,the competition will most likely follow suit (they will make more money that way) .
But if the competitors decide to defy you , you can decide to sell at 6.5 naira and kill off their market share .

That is what Dangote is doing . I have a friend that works with larfarge and he said from their analysis , they can sell PROFITABLY at 1800 per bag but they can’t defy the market leader especially if he is inadvertently making you money . Dangote is the enemy of the people . He is also a huge campaign donor to all the major political parties . So no matter who wins , he gets to monopolize the market

Some of you have obviously never run a business...
Only a spectacularly DUMB person would price out many of his market at N15 when he can make 45% profit margin at N10.

So perhaps the problem is that Dangote’s competitors are spectacularly DUMB...
Lafarge is the WORLD’S MARKET LEADER AND BIGGEST PRODUCER has been in Nigeria since the 1960s (when Dangote was a toddler).

It is spectacularly DUMB that Lafarge could not survive a price “war” (if it came to that) with Dangote...
Meanwhile, Lafarge is selling 42.5R-graded cement against Dangote’s 52.5R-graded cement (the highest global grade).

Lafarge’s been in Nigeria decades before Dangote, content to sell lower-quality 32.5R products and to mostly import and bag cement...
It took Dangote’s entry for Lafarge to modernize its ancient environmentally-poor Ewekoro and Shagamu plants and to upgrade to 42.5R cement.

Market Leader ko, Iyaloja ni!
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chamboy:
You still sound arrogance and primitive.

He probably is...
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Aconomist:
price war is not the solution. The solution is to liberalize the industry and allow more companies to get involved or allow imports

The importers have returned...
Beginning to see your angst against Dangote. SMH
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PS: Btw, price COMPETITION is one of the anchors of capitalism...
The other system, where the government sets price and quotas, has FAILED WOEFULLY!!
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musicwriter:
It's very interesting you mentioned Benin republic for comparison.

Dangote is the single major reason that smuggling of rice and spaghetti from Benin republic into Nigeria became big business because he's excessively greedy. When he was importing rice and spaghetti from Benin republic, he used to sell in Nigeria up to 3 times higher than in Benin republic. Then smugglers would bring same commodities into Nigeria and sell cheaper than him!!. This's the major reason smuggling booms across Nigerian borders till today because he gave people other ideas.

Tales by the Moonlight...
Next, you’ll tell us how he prevented electricity in Nigeria. SMH
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Igboid:
He wasn't fighting his Igbo kin.
He was been made to go through the right process before acquisition and not to exploit the people and government of Ebonyi state.
In ideal world, that's the right thing to do. Ibeto is in the business for personal profit. He doesn't share his profit with Ohanaeze Ndiigbo, so why exactly should he not be made to come clean before acquisition of Nkalagu?

I'm aware the Ibeto suffered lots of import ban under OBJ all aimed at helping Dangote maintain monopoly.

BTW, your post has no correlation whatsoever with the points I'm raising.

Let me highlight my points again:

OP was wondering why Ibeto has not made any public remark about Dangote monopoly like Rabiu of BUA had.

The answer to the question is right in this thread.
Many had attacked OP even before looking at the points he raised simply because they assumed he is Igbo.
Its only when he had repeatedly declared that he isn't Igbo that many started even looking at the points he is raising without first attacking him and labelling him an Igbo full of hate. And this has happened in many of his other posts where he was pushing for social and political changes.

The above would explain why BUA can easily speak on Dangote without getting attacked but Ibeto can't. Hence Ibeto silence that OP labelled as cowardice.

Meanwhile, Dangote has NEVER had a cement monopoly....

The world’s BIGGEST multinational cement producers (such as Blue Circle, Holcim, Heidelberg, Scancem, etc.) have been operating in Nigeria since the 1950s and/or 1960s, while Aliko Dangote was still a toddler and most of us here had not even been born. Lafarge has continually operated the oldest cement plants in Nigeria at Ewekoro and Shagamu since the 1960s - decades before Dangote’s first kiln!
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Igboid:
He wasn't fighting his Igbo kin.
He was been made to go through the right process before acquisition and not to exploit the people and government of Ebonyi state.
In ideal world, that's the right thing to do. Ibeto is in the business for personal profit. He doesn't share his profit with Ohanaeze Ndiigbo, so why exactly should he not be made to come clean before acquisition of Nkalagu?

I'm aware the Ibeto suffered lots of import ban under OBJ all aimed at helping Dangote maintain monopoly.

BTW, your post has no correlation whatsoever with the points I'm raising.

Let me highlight my points again:

OP was wondering why Ibeto has not made any public remark about Dangote monopoly like Rabiu of BUA had.

The answer to the question is right in this thread.
Many had attacked OP even before looking at the points he raised simply because they assumed he is Igbo.
Its only when he had repeatedly declared that he isn't Igbo that many started even looking at the points he is raising without first attacking him and labelling him an Igbo full of hate. And this has happened in many of his other posts where he was pushing for social and political changes.

The above would explain why BUA can easily speak on Dangote without getting attacked but Ibeto can't. Hence Ibeto silence that OP labelled as cowardice.

Tomayto, Tomahto...

However you want to polish that turd, point remains that his biggest problem was that the Ebonyi government and the community PHYSICALLY PREVENTED him from taking control of a company that he LAWFULLY acquired (following his acquisition of Eastern Bulkcem, the majority 60% shareholder of Nkalagu Cement). This caused Ibeto to remain the last and ONLY entity in the cement-bagging (rather than manufacturing) business in Nigeria, nearly resulting in the government shutting down Ibeto’s operations until he resolved the Nkalagu debacle and got foreign investment from Milost Global (the NYC-based PE firm) to modernize the Nkalagu plant.

Thus (as I previously stated) his BIGGEST problem was his fellow Ibo kindred in the Ebonyi State government and the Nkalagu Cement host community. It was NOT Obasanjo nor Dangote nor Rabiu.
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I have said it (as I am not particularly in the business of merely “implying”) previously here on Nairaland, that stripped of all intellectual pretensions, the majority of the Anti-Dangote diatribe is driven (wittingly or unwittingly) by CRUDE ETHNIC sentiments. There are still so many folks here on Nairaland (and across parts and segments of Nigeria) who still find it difficult to wrap their head around the fact that someone of Aliko Dangote’s ethnicity has been so fantastically successful. To assuage their own narrow-minded ethnocentricity, his success can only be explained by ethnic favoritism, corruption, cheating, etc., etc. The most regurgitated favorite of these demagogues is “monopoly” (a term they obviously do not understand). Yet, 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.

The cement that is being discussed on this thread, suffice it to reaffirm that Dangote competes in Nigeria against the world’s BIGGEST AND MOST POWERFUL producer of cement, HolcimLafarge. In fact, despite the world’s biggest producers (including Blue Circle, Holcim, Heidelberg, Scancem, etc.) having been operational in NIGERIA since the 1950s or 1960s (that is, before most Nairalanders were born), 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 multinational 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 foisting on Nigerian consumers since the 1960s to 42.5R. Blue Circle (now part of HolcimLafarge) did not bother to rehabilitate or upgrade its 1960s-era Shagamu and Ewekoro plants, until Dangote built its state-of-the-art Obajana plant.
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Igboid:
Ibeto is an Igbo man. You are not Igbo, yet you have seen how everyone from other parts of Nigeria has attacked you on this thread and in your other progressive threads, thinking you were Igbo.
Imagine if you were Igbo.

BUA can afford to speak freely against Dangote and get away with it, Ibeto cannot without being labelled a hateful Biafra driven by hate for a Northerner progress.

So before you go on to blame Ibeto for keeping quiet, you would first have to walk in his shoes as an Igbo man in an Igbophobic charged country like Nigeria.
His best bet is to maintain his peace and make his profits.

Nigeria is a country that hates the truth. Any one who speaks truth to Nigeria is assumed to be a hateful Igbo until proven otherwise.

Ibeto had a BIGGER problem fighting his own Ibo kin in Ebonyi State...

Ibeto won the bid for Nkalagu Cement Company during the same privatization process that saw Dangote win BCC Gboko, BUA win Sokoto Cement and Okpella (Edo) Cement, Scandinavian producer Holcim (which later became part of LafargeHolcim) win Calabar Cement, etc.

All of the bid winners have taken control and rebuilt and expanded the privatized entities - except for Ibeto, because he spent over a DECADE battling the Ebonyi State government and the host community for operational control of Nkalagu Cement (apparently his own fellow Ibo folks would have preferred that the privatized entity be sold to ‘Oyibo’ investors). Supposedly, a resolution was finally reached in 2019 or thereabouts, but as far as one is aware, not much has happened in respect of actual operational development.

PS: Btw, Ibeto was the last (in fact, for a while, the ONLY) entity importing and bagging cement, without any actual manufacturing.
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Aconomist:
I don't live in Nigeria, but it is still my country. And I can't invest until this cement issue is resolved.

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.

This “monkey” says keep your money, you LOW SELF-ESTEEM SELF-HATING demagogue...

I am reasonably certain that we “monkeys” can get by without whatever pittance you plan to “invest”, not least because Dangote Cement (together BUA Cement) has primarily transformed Nigeria from the world’s second-largest IMPORTER of cement (reportedly second only to the US), with cement-laden ships clogging up the sea lanes to Nigerian ports in what The Economist magazine dubbed “The Great Cement Armada of Lagos”, to an EXPORTER of cement, in the process saving Nigeria BILLIONS of dollars previously expended on cement imports, earning forex for Nigeria from exports, and (most importantly) creating TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS, as well as generating tax revenues (reportedly N98 billion in 2020 in corporate taxes, as reported here on Nairaland, not including income taxes) for the state to invest in social and physical infrastructure.

So we “monkeys” would rather you take your DISGUSTING, DISGRACEFUL AND DESPICABLE COMMENT along with your “investment” and stick it up where the sun wouldn’t bother it! SMDH
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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!!

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Aconomist:
The size of the economy doesn't matter. Cement price is selling for between 1,500 and 1,900 in South Africa, which is a large economy like Nigeria.

What’s the cost of production in South Africa?
Do producers in SA build their own electricity plants, housing, roads, provide security, water, etc.?

Aconomist:
this is not capitalism, this is corruption. And Dangote sells cement at a higher profit margin than Apple sells iphones. This is not comparable.

Aconomist:
Dangote is selling cement at double the profit margin of a Ferrari (30 percent). Dangote cement is 60 percent.

What difference does it make what Apple and Ferrari’s profit margins are?
In that same US (and Italy) there are businesses that make 100-200% profit margins.

Aconomist:
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.

So why is BUA Cement MORE EXPENSIVE than Dangote Cement...
Actually remember BUA and others complaining that Dangote Cement is UNDERCUTTING the market.

Lafarge is the world’s BIGGEST AND MOST POWERFUL producer of cement...
It has been operating in Nigeria since the 1960s, but even Lafarge’s cement cost MORE (or the same).
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Tobbit:
Wait for the refinery. Let's see the open hand the legislators would give him

blaise26abj:
And he will do same with his refinery . This is why a whole country can’t have a fully functional
refinery and APC in its stark madness will be touting a private refinery as our saviour . Is Dangote richer than Nigeria ? No. the idea is help him monopolize the market by keeping the national refineries moribund

Didn’t the NNPC just signed a contract YESTERDAY (Tuesday) to retrofit and rehabilitate the PH refinery?
As well as announce that the Warri and Kaduna refineries will undergo a similar process starting later this year.

Isn’t BUA Group building a big refinery in Akwa Ibom State? Aren’t several smaller refineries operating (Waltersmith, Edo, Orient, etc)?
Weren’t there at least 28 licenses for private refineries issued (starting from OBJ administration) BEFORE Dangote got a license under Jonathan?

Nigerians are really STRANGE human beings...
Ready to worship and celebrate failures, but attack and denigrate success. No wonder Nigeria is a DESERVEDLY Third World s/hole! SMH
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Godisgreatest1:
Most Nigerians find the truth to be the usual bitter taste so they run away from it. Nobody on Earth can convince me that selling cement even at 2000 naira per bag in Nigeria is justifiable. Not to talk of the current #3900 to #4500 per bag. That is gross wickedness!, it is called greed at its finest. I can't support such nonsense. It is a 'deliberate ignorance'.

So why are the other cement producers NOT selling for less than N2000?
Even Lafarge, the world’s BIGGEST producer (operating in Nigeria since 1950s/60s), does not for N2000.

ANYBODY can go into the cement production business and sell at whatever price they want...
Nigerians are used to getting fuel and electricity BELOW cost, and think that they are entitled to cheap everything.

Buying cement is not a necessity nor by force...
You can use burnt bricks, or even mud and sticks (or zinc) if you think cement is overpriced.
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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/

WHAT’S DANGOTE CEMENT’S COST OF PRODUCTION IN ZAMBIA?

Sadly, the OP just like many of Nigeria’s chattering class impart more heat than light...
And, with Dangote, there’s also an element of ETHNIC HATRED involved (if we’re to be honest). SMH
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JOBLESS Nigerian ‘yoots’....
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stormborn28:
why must it be fuel...if I can still remember, we produce fuel why is it expensive... Because over the years we have very stupid people in government who couldn't train our people on oil exploration so we now pay the expatriate to determine the fuel price...it is like me growing cassava and still buy it at expensive rate...all our political leaders have their brain in their anus

We do NOT produce fuel (or we produce very little)...
We produce and export crude, and mostly import fuel.

In effect, it’s not like growing cassava and buying cassava...
Rather, it is more like growing cocoa and buying chocolate.

I agree it’s due to “stupid people in government”...
But part of their stupidity is keeping fuel prices LOWER than production cost - because it discourages investment.
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