₦airaland Forum

Itsrm:
You can mitigate most of this by comprehensive insurance with excess buyback. I doubt anyone will be stupid enough to put a truck on Naija roads without insurance.

Insurance can only take care of the vehicle, I think what he's saying is other factors like kidnapping, driver running away with goods,drivers siphoning diesel etc. Those other factors u don't have control over it and they will surely affect ur cashflow and payback period for the loans u accessed from the banks

liveLongNprospa:
Noo.. When I say free, I'm saying the wholesalers are not paying for those trucks that deliver cement to them.
Or even if they pay, the price is already added to the money paid for cement. I'm using lafarge maybe Dangote is different there

Okay, I think I understand u now

liveLongNprospa:
You need a large land for truck park.
Like the land gats big die.
Also you need to pay for a premium tracking device that can tell you about diesel consumption, when the tracker was disabled, hours of service, speed, harsh breaking and acceleration, free fall. This thing cost gan.

Lmao omo these companies dey try sha and again pray that God will help you touch the heart of your drivers and fleet managers😭

Those drivers can be very wicked, dem fit drive ur truck across border if dem wan wicked u

liveLongNprospa:
I know lafarge sells to wholesalers for 4400 for supaset and 4300 classic.
Now those wholesalers sell at retail by adding at most 500 naira to that price.

Lafarge always ensures that the price difference between them and Dangote isn't more than 500 at most.
And right now Dangote retail cement price is 4700 in delta state.
Meaning the company price is around 4200-4500 if buying from Dangote gan.


So I dunno where he said they make 50 percent from.
The cement business profit only fully shows when you are a wholesaler and you have to sell alot of cement to see profit that is reasonable.
The trucks used to deliver the cement to wholesalers are usually free or factored into the price given (someone can correct me here).

50% of a minimum price of 4000 is 2000 naira. Make baba stop am abeg😂😂

Nobody gives anybody any truck o. There's a company called Dangote Sinotruk West Africa limited which is a joint venture between Dangote Industries Ltd & Sinotruk(The chinese truck manfucaturer). The company assembles those sinotruk here in Nigeria and any wholesaler that holds his cash will walk up to them and buy in order to register as one of the numerous transporters under Dangote. Dagote owns like 65% of the company while the chinese own 35%.

They even sell the trucks to outsiders sef. Dangote na proper businessman o, not father christmas

Ibime:
Dangote know why he ceded that part of operation. I wonder if it's the Insurance companies bearing the cost of all these burnt trucks, accidents and wear and tear from Nigerian roads

Trucking business is something I actually want to do when I retire from 9 to 5. It's a good business for an accountant to do, because all the revenue and cost elements are fairly predictable within Western setting. Naija setting na anything goes.

If u will do trucking business in Nigeria, u need to put some things in place to even think of breaking even. U will need to have ur own auto repairs workshop where u will employ mechanics, panel beaters and other auto technician who will be paid salaries to work on the vehicles either for general servicing or repairs after accident. That way, u will cut a lot of cost which independent mechanic/repairers will charge u.

You need to be friends with road safety and other security agents along the axis where u trucks will be plying if not, na everyday u go dey pay fine to bail ur trucks.

Omo, to do business in Nigeria ehn , no be small thing o.

larride:
Which company wan compete with them? 😂

Na operation compete and die. U can't even match them on the money they spend on adverts, marketing and business promotion.

If indomie was a small brand, they would've died long time ago from negative publicity and incidents in the past when it was alleged some people ate indomie and died. But those guys know how to control negative press and still remain best seller noodles till date. I duff my hat for those guys running the group o.

iamoyindamola:
I don't understand this but indomie and minimie are produced by dufil
2 noodles under the same company

Tolaram group owns Dufil, I think that's what he's trying to tell u. Tolaram group has their hands in almost every consumer goods in Nigeria. Products like Indomie, minimie, milo, golden morn, bournvita, tom tom, power oil, huggies, hypo, colgate toothpaste, kellogs cornflakes, etc are produced in Nigeria by subsidiaries of Tolaram group.

GloriousGbola:
i did my nysc in aluminum rolling mills ota. in 2002. run by indians. one day one of the senior engineers had a fight with one of the indian bosses and came back telling us he would leave, "i have 100k saved. i don't have to take this nonsense." i no even think am. as i finish nysc i comot straight. a complete waste of a year.

Those guys no send person at all. That's why some Nigerians use them to manage their businesses, I think Dangote's MD is even an Indian/Pakistani.

Ibime:
A major cost of cement is in transportation. Add in challenges of transporting goods on Nigerian highways and 50% seems fair. A general rule of thumb in retail is that retail price is often 3 times production price. If Dangote produces for N1 and sells for N2, while retail sells for N2, that's your 50% on top Dangote sale price

Yeah, but majority of the 50% margin are costs Dangote would've borne had he not ceded transportation/logistics out to the same wholesalers. If Dangote did say that, its more like he's setting the wholesalers up for dragging on top money wey dem no chop.

GloriousGbola:
naija ehn. same thing dstv did with GoTV

it is sad sha. there are a lot of opportunities here - but somehow, we do not have our shit together. maybe corruption, maybe impatience, maybe an inability to think beyond immediate chop- so you see different cadres of asians and south africans cleaning up in our markets.

It is because the Asians have studied how corrupt we are as a people and have mastered our systems even better than us. They know the palms to grease to get licenses and permits out the quickest possible time, they know how to flatter Nigerians in government to have their way and they know how to access credit facilities from local banks and still turn profit out of it(They do this mostly by underpaying skilled workers, work unskilled labourers off their socks and circumvent a lot of local legislations which the government is not enforcing)

larride:
I’ve been trying to get my hands on that interview since last night with no success. I can’t remember if it was on Twitter I saw the video or YouTube.

Look at the breakdown that iamoyindamola gave and you will see it mirror at least closely to what I said and attest to what you say also.

Dangote, lafarge and bua sells cement at almost at the same factory price, it is the additional cost and profit margins of distributors that makes Dangote cement more expensive than the others.

I disagree with this position in bold. Dangote cement being priced higher than other brands might be due to a lot of factors other than distributor's margin. For example it could be due to branding and how acceptable the brand is ; It could be due to the fact that Dangote is a market leader like indomie in the noodles market(which makes indomie more expensive than other brands), It could even be due to the marketing/advertising effort of his business managers who have imprinted it in people's mind that Dangote cement is a better brand such that u are willing to buy Dangote's cement cos u feel safer due the the quality product they promise in their adverts and marketing effort.

I honestly don't think wholesalers just price Dangote cement higher because they feel like doing so. Whatever the case may be, Dangote the man surely knows about it.

larride:
Yes. The margin the wholesalers put on those cements is almost 50%.

There’s this Dangote interview I watched where he lamented that the retailers are making more profits than he is making on each bags

Can u please share the interview u are referring to here ?

I doubt Dangote is saying the truth if he indeed claimed wholsesalers put almost 50% margin on his products when it gets to their hands.

For starters I know Dangote stopped carrying his products a long time ago. He already hedged that risk by allowing distributors own trucks registered under his franchise to carry products from his depot in Obajana to any part of the country . Most times when those trucks have accidents and people burn them down in the hope of hurting Dangote’s business , they don’t know they are destroying the business of their kinsmen who own the trucks and have it registered under Dangote’s franchise .

For example the risk involved in transporting products from Obajana to Kebbi state is transferred to the wholesaler who is carrying the product ; risks such as paying all security men on the road , escaping robbers in the road and even risk of having ur truck burnt down when an untoward event happens .

I remember a case in 2021 when one truck killed an okada man in Obajana , the youth of the town mobilized and burnt all the trucks on queue waiting to load at the depot . ( These trucks belong to individual businessmen who keyed into Dangote’s logistics franchise and they had to beat the risk on behalf of Dangote ).

I think Dangote is being economical with the truth if he’s claiming wholesalers put as much as 50% margin on his products ex-factory works . If u have a sit-down talk with the wholesalers, u will be surprised those margins aren’t that high as Dangote make them seem .

Lastly I found it very very hard to believe that an entrepreneur will assemble all the factors of production to come up with a product offering to the consumers only to have wholesalers making 50% margin on the final product . It won’t even happen in the most capitalist economies my brother .

larride:
Last week one was asking for donation to initiate a class action suit against INEC.

Anybody wey no wan use him head, those guys go help them use ham.

Even after some ENDSARS committee members use donations buy benz, those wey no wise no fit wise again.

iamoyindamola:
Omo e weak me that day
I never expected it

This nairaland has all kinds . Nothing person never see for this forum

larride:
I don laugh tire. 😂

Cashout things

General Oluchi wan buy Benz on top paid subscribers’ head 🤣

iamoyindamola:
Blueraydick I take God beg ignore that guy
He literally search the key word just to engage in such conversation I have encountered him before in the movie thread
Just go through him posts and you will see what you need
Na dem

This was exactly what I did. I just clicked on his profile and checked his most recent posts .

It appears he’s on some captain Save-A-Gay mission on nairaland . This life no balance at all.

Make person dey search for not just any keyword but G. A . Y and LGBTQ 😳 in a bid to engage .

I’m not in the business of replying dem “ adofuro “ . He won’t get a mention from me

The 401 gods of Ile-Ile forbid that I reply the mention of someone whose post history screams G A Y !

These people and their rubbish propaganda again even after election

Dangote's Wikipedia page clearly reads:

[Dangote was born into a wealthy Hausa Muslim family on April 10, 1957, in Kano, which was then part of British Nigeria.His mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata.His father, Mohammed Dangote, was a business associate of Dantata

Somebody that had access to loan of N500k from his uncle in 1977 is whom Sanwoolu opened mouth waaaaa to tell us he came to Lagos with nothing 45 years. smh. Sometimes I wonder if these people actually believe their own lies before dishing it out.

Donjazet2:
k.

🤣🤣🤣

Donjazet2:
It's the obvious Truth na. It's not even a dig. It's a fact.

He has a disease of the mind which is cynical contrarism. He wants to be contrary to everything! All his posts are about him DISAGREEING, never about him TAKING A STAND or proposing solutions. He lacks convictions.

It's a terrible mindset for one to have.

The way u dey always project ehn, it needs to be studied by a clinical psychologist.

izzou:
[color=royalblue]BlueRayDick

GreenLeaf make sense, walahi

I am seeing trailer for Fast X. Dem never tire to dey act Fast and Furious?[/color]

Greenleaf na very interesting series . So many things dey happen at the same time inside the series.

It just reminded me of the whole “woke” argument they had here few days ago. As much as the series is about a black religious family , they still found way to bring LGBTQ…XYZ into the plot when the bishop’s son-in-law came out as gay 🤦‍♂️

seankafor:
when I been dey do garagara say police no fit hold me, one day they stopped me, I was speaking English to them as par my right, one gave me a resounding slap, I threatened them with lawyer.. they carried me to station.. I called my lawyer, due to say my lawyer no dey around, he spoke with them on phone, the lady that was answering the phone was humble with yes sir and sorry sir all through the call, infact she told my lawyer that they carried me because there was a robbery in the vicinity I was picked and all they wanted was to see someone that'd identify me..

Meanwhile I've already slept in their cell overnight.. my experience in the cell is a story for another day..

The lawyer ordered them to release me, they agreed, it was Sunday, as soon as the call ended, they told my guarantors that the day is Sunday, they don't work on Sundays, las las my guarantors parted with 10k as gave them..

Something that if I had given them even if na 5k, I wouldn't have faced these stress and troubles..

Na their I swear say those people no be normal human being..

That weekend format police dey always use am extort person well well. I was arrested Saturday night, I quickly send text to my people about the arrest while I was still in their bus, they carry us do raiding till the bus full( they literally arrested people standing in front maisuya buying suya at 10pm )….. By the time we reach station it was almost 12 am. My people wey I text first us reach station sef

I slept overnight in the cell and Sunday morning they were telling my people they can’t release us until Monday cos they don’t bail people on Sunday . Me wey get exam for school on Monday morning . My people had to cough out good money before they release me that Sunday morning o cos I would’ve missed my exams the next day .

If Seun no dey careful they can make him miss shows he’s already been paid for and he will have serious legal issues in his hands for breach of contract by the time he’s a free man. Naija police can frustrate even the pope

KingTom:
My cousin dey collect him own family money for mobilization to solve case of their missing AC outdoor e dey their blood. I pity Seun dem go use him eye see wetin no good... 2 more days to investigate now 4 more days all that one na for mending ordinary protest wey Debo macaroni go do for toll gate see the kin beating e chop then compare that to slapping a serving inspector smh

Baba , na why some of us no dey ever near protest ground or follow them start riot . Na who never see wahala dey follow government drag for this kind jungle country

KingTom:
Anything Law enforcement bro, na mumu dey argue say e get people. I was not as wise as I am now, back in 2004 my now in-laws, back then gave me some correct Benin beads na so I dey wear these beads with pride dey Waka everywhere, one faithful day Police burst into our lodge start to dey pack boys, the boys most of them Calabar and igbo begin ginger say nothing dey happen make we go make we go, I did not want to be the crying Diya or Adisa among them so I follow go dem say by virtue of my beads na me be chief Priest say I dey prepare charms for them bla bla bla, I see shege for that cell and na Friday evening knowing fully well say na till Monday normal work go resume... my saving grace was Nepotism and tribalism (make I no lie) the DPO came in on Saturday Morning na so dem parade us as the 'Deadly Scorpion gang' wey dey terrorize Unical and Polycal as I see DPO tribal marks and him accent I know say na we own, I come even see say e put rosary for office table oti pari I tell the man say I be medical student shey which time I wan leave my books go dey do cult? The man ask me everything from my papa village to my grandfather ancestral home, everything worked in my favour when the hard-core boys amongst us started shouting "this wan na Ju na, na bloody ju e no fit hold kitchen knife talkless of gun" despite this I still Roger 1,500 before DPO say make I go home. My white agbada don brown dey smell with saliva and urine wey we sleep on top. Omo now I dey drive pass hail them go my way o

I was waiting for this part . Even if the DPO or arresting officer na ur uncle/relation, u must pay something before u commot police station o.

That’s why it’s always wise to settle them even before getting to station and seeing shege.

I’m sure if u didn’t quickly follow the man relate based on tribe, they would’ve used u guys replace some criminals they’ve been looking for and the police officers will even get promotion for solving a long standing case .🤦‍♂️

A40:
The day I tire for Nigerian police, I was rushing to school make I go write exam. I dey keep one struggle afro then na him police dey ask me why I no cut my hair. I turn am to play say whether them go give me money for barber. Show them ID, show them my docket them still waste my time with aimless talk.

What of the day they picked up my friend standing in front of his house with his father's mechanic. He showed them his school ID card and they said it's fake. You go come dey wonder them be alumni or registrar wey dem take know

It was his father that had to bail him out.

What of when they said my passbook with my face on top no be me get am. It was too funny. So Nigerian bank will just be giving me another person's money for counter.

It's almost like they provoke you with their stupidity to do something so they can nail you with something worse. You just have to remain calm when dealing with those fuckers

You are right on the bold. Additionally I think those guys can smell anybody who has not had police wahala before from a long distance .

They know if U’ve had police wahala before and have slept inside any of their horrid cell, u will have sense and use diplomacy when talking/dealing with them.

The day I slept cell was the day I propounded a theory that : If u have any issue with Nigerian police, make sure u settle it with them in whatever way possible before u get taken to the station…… It doesn’t matter whether u are on ur right or wrong , just settle with them and move on. Behind counter no be hotel. Stooling and passing urine inside the same dimly lit room u will stay all day is not good for anybody whether criminal or law abiding citizen. Nigeria police know this, that is why they will jeer at u when they see u making mouth at the point of arrest threatening fire and brimstone. They know u will see terrible
Things inside cell and calm down later .

Look at Seun that was making mouth on SM that he has evidence and welcomes thorough investigation from the police; I saw a video online yesterday when he was taken to his house by the police in the name of investigation . He was asking the police guys in Yoruba humbly “ Kini motun Shey fun yin ?” . I’m sure most of the police guys in the video are people he has given money in the past or those who “twale “ him….but now their ogas don order them to frustrate his life and they are doing a good job while at it .

monerozi5590:
I just took a look at it.

National Judicial Council suspended him for 5 years and all this while there were waiting for Buhari approval to retire him compulsory. Buhari didn't do anything.

The guy approached the court to look at his case again. Same NJC lifted his suspension after clearing him of every misconduct 5 years after. Up till now, NJC is still waiting for Buhari's approval.

It was the Chief Judge of the Federal High Court that reinstated him.

🤣🤣🤣🤣

Brilliant !

raumdeuter:
I dey sell acres of heavenly land

BBlueray izzu, Sodik

If the joker pastor get land for heaven , why he no first help all him family build mansions first before he dey call outsiders ?

akwesenana:
This VAT increment dey put on liquor and tobacco go shake every sha.

That thing dey vex me sha . We will pay high VAT on alcohol, the FG deducts the VAT from source and share it as part of allocation to all states including states where Hisbah go about committing economic sabotage all in the name of enforcing sharia law in some northern states .

Just look at this article below highlighting the kind hypocrisy wey dey go on in this country

https://businessday.ng/columnist/article/alcohol-vat-and-the-burning-contradiction-up-north

E be like say Matawale wan carry EFCC chairman join body inside dock

https://www.nairaland.com/7695383/matawalle-bawa-requested-2-million

larride:
So which candidate primaries did he nullify in Abia? Did LP conduct 2 different primaries in Abia?

The case before the court was Haruna Ibrahim vs Labour Party in which haruna Ibrahim was praying the court to nullify the candidacy of the LP candidates in Kano state during the 2023 general Election because LP didn’t comply with the provisions of electoral act.

The court granted Haruna Ibrahim’s prayers and nullified candidacy of all LP candidates in Kano state .

How that same judgement now translated to Alex Otti’s candidacy allegedly being nullified is what I do not understand . I’m sure the judge doesn’t undertand as well , hence why he had to come out and clarify the judgement he pronounced

liveLongNprospa:
Lmaoooo and we are about to see even more madness

Most people don’t know the damage 8 years of Buhari’s presidency has done to this nation.

Segedinho:
Everything just spoil finish

I just dey read the sentence again “ President Muhammadu Buhari refused to sign off the sanction.”