₦airaland Forum

Masonkaycares:
I have solemnly sworn not to have a business in Nigeria. What kinda wickedness is this? If he sold this mutherfvcken cement at the right price, house for full everywhere but no he chooses to monopolize it(supported by the zombies governing this shitthoole) and everyone suffers. F^©k Dangote. It will never be well with your 4th generation.

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.

jaszplus12:
Yup! You live there....I don't.... like I said, your words are exactly what your thoughts are.... enjoy your depravity....

I don't live in Nigeria, but it is still my country. And I can't invest until this cement issue is resolved.

jaszplus12:
Thanks for the insult. Understand that you're a product your own mind. For every negative word you utter it tells how deeply depraved you are!

You deserve all the insults and more. Monkey is a complement for you. You are a subhuman and worthless creature -- the waste dragging Nigeria down.

PlsBanMe:
Dangote is not donating to politicians there or to the two major political parties in that country as he does in Nigeria. Someone has to pay after all.

His business there probably run on public electricity supply, thereby reducing his costs unlike Nigeria where he probably has to bribe electricity distribution companies and has to have standby generator sets.

Less cost of production will lead automatically to lower prices of goods.

Dangote has a EBITDA (this calculates profits before tax, interest, depreciation, etc.) margin of 60%,. He says it in his annual report. If he has an EBITDA margin of 60% and he is selling for 3,000 naira, his cost of production is only 1200 naira. Also, notice how much lower the EBITDA margin is in "Pan Africa" which is his operations outside Nigeria.

This just just open price gouging. And you monkeys are too dumb to see it.

Link: https://www.dangotecement.com/wp-content/uploads/reports/2020/FY2020/DangoteCement_FY2020_ResultsStatement.pdf go to page 4.

JohnBullMySon:
I believe the Lebanese had more cash (maybe due to a stronger currency) and could develop a larger area to sell. The Nigerians built personal houses mostly. That's why it looks that way. I'm sure it was the Lebanese guys who did the buildings that developed the landscape as well. The blame should fall on Chaugory and whoever is also in charge of banana island for failing in the landscape development and not people who bought land to build their houses. They corrected their mistake with Eko Atlantic, buh right now. Eko Atlantic is too costly for even the very rich to develop.

On a different note, did you know some plots in Eko Atlantic are actually cheaper per sq meter than Banana Island?

JohnBullMySon:
I don't get it, is it the billionaires that are meant to develop the place? Or the government and the developers. Meanwhile, asides the fences and in undeveloped areas, that place ain't as bad as you're painting it to be.

The first image is the part developed by Lebanese. The second is the part developed by Nigerians. See the difference?

thunder fire this monkey country. These people are creating value yet you destroy their business? For who? dangote?

descarado:
Dangote is to Nigeria what the big tech is to America.

Hard-core capitalist.

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

descarado:
Dangote is to Nigeria what the big tech is to America.

Hard-core capitalist.

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

Kinematics:
Banana slum loading...

These are your elites -- millionaires and billionaires -- living in what looks like a zoo habitat. They take their private jets to London, New York, and Dubai only to return to Nigeria with a head emptier than when they left.

McSquishi:
New York is divided into like 7, 9? boroughs...

Chicago pizza is deep dish, and better.

A bodega is basically a corner store, a convenience store.

Why would I lie about visiting Manhattan and finding it dirty

Speaking of smooth brains: I didn’t compare New York to Lagos originally. I compared people’s reaction to their city being insulted. You didn’t comprehend the simple text I wrote and started making one to own comparisons which I said was not proper. But I did call it a lie that the best place in Lagos is worse than the worse place in New York. It’s still a lie

I understand that people will be defensive of criticisms towards a city they over-identify with. But that's the stagnation mentality I'm trying to break. Do you realize Lagos is considered the second most unlivable city in the world? The only city worse is war-torn Damascus Syria. Things need to change.

https://www.cnn.com/travel/article/worlds-most-livable-cities-2019-trnd/index.html

McSquishi:
I’ve been to both Lagos and NY... even though I only visited Manhattan there were areas that were quite dirty and not better looking than when I visited some parts of Victoria Island.

You are showing a photo of aerial footage rather than your personal account so I’m guessing your answer is no, you haven’t been to the worst parts of New York to compare.... Any place can look good from aerial footage. Even Lagos.

I live in the U.S. and visit New York all the time. You, like most Nigerians, are completely delusional. I can't even argue with someone who would compare New York to Lagos. Your brain is completely smooth.

Tell me the street in Manhattan that is comparable to Lagos. I've been throughout the city. Also, Manhattan is the the most developed part of New York. The Bronx is the poorest borough. Do you know what a borough is? Do you know what a bodega is? Do you know what ethnicity lives in Washington Heights? Do you know what a brownstone is? Do you know the difference between New York pizza and Chicago pizza?

Prove you have been to New York. Because right now, you are talking nonsense.

samwash:
Let's face the reality, many factors comes into play in the production industry.
lets compare Zambia to Nigria in terms of
Economic growth
Government policies & tax
Dollar exchange rate
Source of raw materials
Market competivenes
Manpower & Technology
Security, Power etc.
A company that has its factory in two different country ( lets say Nigeria & Benin Republic) will not sell a particular product the same price in both country even if they are neighbors.
Note; the value of the country local currency plays a major role that's were inflation comes into play.

When people ask me why I don't invest in Nigeria, remember this thread and responses like this. Nigerians are addicted to stagnation and justify their own demise -- only a fool would put his hard earned capital into a nation of monkeys like this.

Cement prices around the world range from $3 to $6 while Dangote is selling for the equivalent of $11 for a profit margin of 60% in Nigeria compared to an industry average profit margin of 5% to 12%. He is able to charge these high prices because of low competition -- he kicked out competitors by hoarding limestone resources and convincing the federal government to ban imports.

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.

ayterajah:
Am not supporting dangote but my point of view is that what's the economy state of Zambia compare to Nigeria and don't forget that dangote it's not alone ... he have many govt officials under him

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.

Nigeria has the highest cement price in the world and the largest housing deficit on the world. All because of one dirty wicked monkey named Dangote.

Dangote is a murderer.

Dangote is making trillions in profits by jacking up cement prices, meanwhile buildings are collapsing and children are dying every day because cement is too expensive. Builders are cutting corners because no one can afford 5,000 naira for DAMN CEMENT.

kingdman:
Are you mad, we have to fight this people now or never

Bloodshed is the only thing these animals will listen to.

SarkinYarki:
Well Dangote hasn't increased cement price for 3 years now so where is the increment coming from

He is making an insane profit margin and using the government to prevent other companies to come in and compete in the industry.

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/

Ever8090:
what did you just say..?

He is suffering and smiling. That is all these monkeys know how to do.

Lovethaa:
Yahoo boys are the reasons our economy is still manageable... you guys should thank them..

If the yahoo stopped, the Naira would crash because it has become Nigerians second biggest source of forex after oil. The writer of this article is an educated illiterate.

This article was written by a complete monkey. If anything, these activity reduce inflation in Nigeria by bringing dollars into the economy. Blame inflation on the government and excessive importation.

ugwusunday:
9ja go still better, just relax

See monkey

The Competition and Consumer Protection Commission (CCPC) has fined Lafarge Zambia Plc and Mpande Limestone Limited 10% of their annual turnovers for the year 2019 and another 10% of their 2020 annual turnovers for price fixing and division of markets. The Board, however, was lenient with Dangote Cement Zambia Limited, for having bribed cooperated with the Commission during investigations.

This was after an exhaustive investigation following the Commission’s observations of a sustained increase of cement prices from an average of K55 to K100 per 50Kg bag between July 2019 and January 2020. source: https://zambiareports.com/2021/03/31/78130/

Note: 55 Zambian Kwatcha = 1,150 naira. 100 Zambian Kwatcha = 2,000 naira. Meanwhile Dangote is selling cement for 4,000 - 4,500 in Nigeria. What will it take for you monkeys to do what is necessary and end this insanity? Dangote has become the biggest problem in Nigeria.

Litmus:
www.nairaland.com/attachments/13338636_forestcity_jpegd4c0e6b919ba60b3a23fa1c3941945a6

www.nairaland.com/attachments/13338637_44f8056a45b290241653afa3fa02c1ef_jpeg43680e989c8968c65f4226c8b3d3ef23


Well, Abuja does not resemble the second (bottom) photo and the development of Abuja appears to be as if her former design and current developers are rightly integrating nature. This automatically invalidates your view on how Africans envisage urban development integrated with nature.

And incidentally, the second (bottom) photo, I believe depicts Native structures among the Polynesians Melanesians or indigenous Indonesians - i may be wrong. In any case, far from what you indented, I quite like it. I can see how to evolve it into cities that would be way better than the Asian, nature-integrated, high-rise buildings above it (top photo).

It is a Papuan tree house. Aside from the point, I actually find it quite impressive too. Papuans are creative people.

WoundedLamb:
Here is the one downtown. I once had an embarrassing moment here when I was teen.

But OP, why are you always coming hard on the black skin? Do you hate yourself? Just curious.

When have I ever said anything about skin?

McSquishi:
I am just curious, how many visits have you made to the worst parts of New York? Or New York at all?

Anyway, my point since you missed it, was to push back against the idea that there is something inherently wrong with Black people or Nigerians to be defensive when their home is criticized.

I should be asking you that. Only a deeply ignorant person would compare anything in New York to Nigeria. The whole city as running water, electricity, highly sophisticated sewage and drainage. 24/7 subway service to any part of the city.

Grand Concourse, the Bronx -- poorest borough in New York. You can't even dream of development like this in Nigeria.

Aderr:
That guy lives in Lagos.

I live in the U.S.

Rossikki:
Look at your mentality.

''They, they, they''....all day long.

Finger pointing expert.

It is never YOU.

ALWAYS someone else's fault.

Even when you proffer a so called ''solution'', it is still to get and pay WHITE MEN to do the work. Gensler this, Julius Berger that.

.[/b]

Why would I give a project like this to Nigerians when you have already proven yourselves incompetent and incapable of basic reasoning? Let's go back to Banana Island.

The first picture is the waterfront developed by Lebanese developers. The second picture is the part developed by Nigerians. These are your elites BTW -- millionaires and billionaires -- living in what looks like a zoo habitat. They take their private jets to London, New York, and Dubai only to return to Nigeria with a head emptier than when they left.

Litmus:
Setting aside current trends in urban development of which you appear oblivious evident in your ignorant comment - “what is it with Africans and trees? While other races are building unique architecture to beautify their environment, Africans are worried about trees. If you love trees so much, go live in the forest. That's were savages belong" - even the extreme example of a city amidst the “jungle” setting that you scorn would be more futuristic, pleasant, unique and beautifying of the environment of its inhabitants than any sky scraper cemented over city you could imagine.

I'm fully aware of environmentalist architectural trends. But that's not what you Africans are talking about. You like trees in the same sense a monkey likes trees ie glorifying underdevelopment and primative living.

The first pic is the Asian ideal of a "green city". The second pic is the African ideal.