baralatie: I had one as a friend in my nysc and I cannot count the number of gfs that I had when I worked close to them. experience differ on the clan you are dealing with and on her status she finds herself.if the she is too of the group stay the heck out of her way(them go kill you). they had no problem with that
Where these GFs Fulani? And what does "Too in the group" mean, and why would they kill you?
baralatie: I miss the nunu(delicious) but if they find out you are a fulani graduate.get ready for big time trouble(the whole single fulani girls go park come with mattress come your house). sex with them..........haaaaa! I made sure that everyone understood no sex no sex no sex but enough fura and nunu! they had no problem with that
What is nunu and why did you make sure everyone understood "no sex"? Na GF or housemaid?
You Nigerians need to communicate clearly instead of beating around the bush. Your post has no real information.
BadRadio: Truth is that I am African but I dispise the standards in Africa. Africa seems too primitive, naive and backwards in terms of everything... and I've usually thought of raising my kids the British or American style.
of what importance is an African parents culture and tradition in raising their children the African way rather that the British or American way?
Would it be sensible if a child is a genius in English language than mother tongue.
Are there disadvantages.
My parents raised me in the Western way, and I'm grateful for it. African culture is complete nonsense.
What he even posted was a concrete mix with just a proportion of cement, and not an equivalent to 50kg bag of pure cement which is why it was so cheap.
All their arguments are illogical, based on sentiment driven baseless assumptions and fueled by sheer dishonesty, bigotry and frustrated secessionist agenda.
Anybody that cannot stand Dangote's heat should get outta the kitchen.
Chief of monkeys is talking. Let's take a look at cement prices in India. 295 Rupees is equal to $4.00 or 1,500 naira for a 50 kg bag. Meanwhile Nigerians are paying 4200 naira. What is your excuse now?
I expected Dangote to target international exports markets with this refinery because it adheres to the strict EURO V standard. Most of the petrol imported into Nigeria is very cheap high sulfur content garbage that wouldn't be accepted anywhere else. Dangote can't compete with that without massive government support.
COMPAQ: You've used monkey 3 or 4times. You really must be a child. I won't descend to your level.
That bag of cement you posted there is 80pounds, which is 36kg. What we sell in Nigeria is 50kg. At 50k equivalent by simple proration that would be $5 which is either N2k or N2.35k depending on which exchange rate.
I'm calling you a monkey for a reason, friend. Here is thread from January showing cement prices all over Nigeria:
theFilmtric: since when did high rise buildings become something to brag about? As far as a city is beautiful its good You guys always put western stuff as youur standard Its not always right Some city dwellers prefer the countryside Population density has its problems too
theFilmtricsay
Population density is evidence of development. The less dense an area is, the poorer in tends to be. Also if Westernization is so bad, get of this computer invented by the West. Get off this internet invented by the West. Stop using electricity invented by the West..
COMPAQ: Not sure where you $3 cement comes from o! Also note that 80lb is about 36kg
You are a monkey. I live in the U.S. Normal cement is between $3-4. You are comparing masonry cement and different grades of cement and confusing yourself.
For some people, the production of cement within the shores of Nigeria is a thing of pride. They point out to a Nigerian producing for Nigerians as the highest form of patriotism. But policies should not be judged by the ‘feel good’ factor, rather they should be measured by their impact on the people.
It would be recalled that the Nigerian Government in its attempt to boost local production placed a ban on importation of cement in 2001. President Obasanjo seeing that the objectives were not being met lifted the ban in 2007, only for the ban to be placed back again. Give or take, we have had 18 years to evaluate the impact of the ban. The overwhelming consensus is that Nigerians pay among the highest prices for cement in the world. A quick search on Konga shows a 50kg bag of cement costs $7, while a 2016 World Bank report (Page 61) on competition in Africa reveals that the average global cement price is around $3.4. Almost two decades after, Nigerians pay double the global prices for the price of cement.
I hear you retort that it’s the tough business environment that has made things, cement inclusive. And that would be true if the profit margin is not exorbitant. In 2017, a Bloomberg Intelligence report showed that the average global profit margin for cement companies was 17%. For Dangote Group, the profit margin was 42%. That’s more than twice. I just checked the result for 2018 and the profit margin has shot up to 64% . If conditions are difficult, then the profit margin should shrink, not explode. It goes without saying that it’s Nigerians who are paying through their nose when they could easily get the product for much lesser.
This World Bank report, on Page 64, shows that Dangote has been granted exclusivity to materials, including limestone used to produce cement. Nigerians don’t understand that when they mention cement production in the country as a pointer to why banning things is good, they are indirectly encouraging a system of exploitation.
Every single time a Nigerian business man tells you Nigeria should ban importation of something without calling out the problems which necessitates importation of that product in the first place, know that they are thinking of enriching themselves at your expense.
COMPAQ: I totally agree with you. Cheap everything. I always argue that the issue with Nigeria is not that things are expensive, its an issue of incomes are low. The income side of the equation is what should be addressed. Rent, petrol, food, transport , taxes etc are much less in Nigeria than abroad.
3 bedroom bungalow in Houston is like $1500 a month (N570k per month or N6.8mln per year) in very normal area o - equivalent of Yaba.
Cement costs 3 times more in Nigeria compared to the U.S. as do cars, electricity, etc. You are a foolish little monkey.
Godarz: Danmgote has two factories in South Africa....plus
1,South Africa has better electricity supply than Nigeria....cost from running generator gone
2.South Africa has a good railway system....cost of transport gone down
3.South Africa has a good road system...cost of transport gone down
4.South Africa can afford a good road and railway system because they diversify their economy, plus they also charge higher taxes...their tax to gdp ratio is 23% Nigeria is 6.1%, plus there is a toll on some south African roads (attempts to reintroduce tolls in Nigeria led to growling and protesting)..plus electric companies in SA charge cost reflective tarrifs, and don't have people and government agencies refusing to pay their power bills either
Dangote makes a 60% profit margin in Nigeria compared to 20% in other African country. Stop typing rubbish you dumb monkey.
Rugaria: It will take a lot of time and energy to deconstruct your grossly warped mindset... Two of them, I don't have enough, this glorious Sunday morning... It would have been better if we are dealing with issues germain to the discuss, but you are all over the place with these tags you are dishing out wreckleslly. To start with, I don't even know where to start with somebody who proudly defines himself as a "monkey"... E be tinz really..
I don't define myself as a monkey. I'm not a part of this zoo culture.
PHAYOL81: The problem is competition; nothing else. Similar projects with equal amenities the EAC has to offer abound on the Island. And they are cheaper. Plus, investors are taking advantage of many underdeveloped seasides around Lagos to stamp their signature on the state skyline. The speculation about fear for water surge is just a useless conspiracy. The EA city is being built on a lofty elevated height of land and with the wall of Lagos also shielding it, it should be safe for a very long time to come. Acquiring land at Eko Atlantic seems to be a little more expensive than at other places, like I pointed, safe for Banana Island of course and when you factor in the fact that there's a minimum limit on sqm investors must purchase and that as an investor, you have to be able to construct a skyscraper to be confident of the ROI, build a green tower in compliance with the trend, amidst some other things to compete, then, you realize that there are few investors around capable of meeting up. Forget about some rumoured purchase of properties in Dubai. What they buy there are apartments; skyscrapers are expensive to build. So unless Chargoury is ready to finance construction at a speeding rate and sell apartments at whatever pace market permits, the project will go on at this pace for some time more till it will accelerate especially when there is limited availability space because by then, the beauty would be too good to ignore. One thing is sure, the project will succeed; it's just a matter of time. And it will give rise to another giant housing project...perhaps bigger in the future. The future of Lagos state is bright.
"In 2012, the CCI imposed a total penalty of $1.1 billion on several cement companies for colluding to under-use their plants and create an artificial shortage of cement. An appeal against that decision is still pending.
In recent years, the CCI has raided offices of other foreign companies, including beer giant Carlsberg and commodities trader Glencore on allegations of price collusion in their industry."
uruba23: I am only trying to open your brain to the fact things evolve they don't happen over night..The same way you Americans are getting all happy with your Tesla now is the same way some people would be happy with their flying cars in the future....process. Horse cart, cartless aka cars , cars with drivers,drive less cars, flying cars... There is always a process.
O.K, and Nigeria has tried monopoly. It isn't working. Now its time for something else.
uruba23: I am simply telling you American Capitalism started with Monopoly
So you want to go back 130 years and copy an outdated style of doing business instead of implementing modern regulations currently used in every developed nation?
uruba23: You talk as if all that happens over night...you can't be comparing scenarios in America to what happens in Nigeria where everyone is on his own literally , and there one man who still decide to put his trust in this economy despite all the risk and you want me to seat and watch you judge wrongly as if he is making loses you would be happy.
How much is Dangote paying you to suck his balls like this? Na business be charity? If Dangote can't do business in Nigeria without engaging in massive corruption and monopoly, he can go elsewhere. Did Nigeria ask for Dangote?
Cement companies in the U.S. have EBITDA margins of 10% -- and if they go above that, they will be an investigation into price fixing or anti-competitive practices. But in Nigeria, Dangote has a EBITDA margin of 60% and Nigerians are comparing cement to iPhone. But when I call you monkey it is a problem?
uruba23: Chimpanzee that can not stand the heat in the Kitchen running to America if the American did not develop their country where would you run to.The same scenario happened in America, history always repeat itself go learn the history of American capitalist...Immigrant osi.
You don't understand. I'm telling you how America developed, but you are arguing against it. America developed through free markets and regulations that ensured low prices by encouraging competition in industries. Dangote is doing the exact opposite of this.
Nigeria will only develop is when people like you are killed off. You can't be rehabilitated. Your brain is like fufu.
uruba23: I don't think it has anything to do with low production capacity after all Alhaji has plants in other countries...you keep talking about profit percentage but do you know how much profit Apple makes per Iphone 12 .Every one has a pricing template to protect it's economy.
As I previously suspected, you are a monkey unworthy of basic respect. Comparing simple cement to a high-end luxury technology like an iPhone? And for your information, Apple has an EBITDA margin of 30% compared to Dangote's 60%.
Imagine selling a basic commodity like cement for double the profit margin of a cutting-edge cellphone? If that isn't bad enough, imagine Nigerians defending it. You animals have the zoo of a country you deserve. There is no explanation for Dangote's margin except scarcity or uncompetitive practices.
Rabiu, however, attributed the high cost of cement in Nigeria to low production capacity. According to Rabiu, whenever any of the plants of the few players in the industry develops a fault, the impact is immediately felt on the price of the commodity, which is passed on to buyers of the product.
According to him, “The moment you have any problem in any of the plants in Nigeria and there is a shut-down or any challenge, immediately, you will see the impact in terms of price going up.“That is because we do not have any buffer whatsoever. So, it is like hand to mouth daily. The reason why the price of cement went up recently was simply because the was an issue at one of Lafarge’s plants and they had to stop production for few months to rectify that.“So, as that had happened, the supply from Lafarge reduced by about 25 per cent in Ogun State.
Also, one of the plants of Dangote Cement had a technical issue and briefly, they couldn’t load. But that has been resolved. “But because that took about one month, the price of cement went up to about N4,000, from N2,800.”