₦airaland Forum

PAWG:
Has it made fuel cheaper? It’s easy to spot your type, it always ends in insults.

You’re under no obligation to respond to me, I will leave you on your high horse

Aconomist:
Please do your research before leaving a comment. Nigeria cement prices are high because of scarcity.

The government doesn't allow imports and Dangote chased other companies out of the industry by hoarding limestone resources in the Southern part of the country.

BUA is not the problem. He knows what Dangote is doing is wrong, but he has no incentive to lower his prices because he is struggling to meet market demand due to the lack of supply in the industry.

When a businessman is asking for more competition, you know the situation is bad. Read here for more information.

https://www.thisdaylive.com/index.php/2021/02/09/bua-advocates-liberalisation-of-cement-policy-to-crash-price/

SenecaTheYonger:
Lol, when I said Dangote is the single biggest reason why accommodation is becoming unaffordable you won’t believe me.

Nepotism is very bad.

jaszplus12:
A particular tribe are not happy because it's not their person that's enjoying the monopoly...if it were... hmmnmm they would have said how no one else can be smarter than them!! Would not have referred to it as wickedness but as business acumen!!

Aconomist:
Open your eyes. Dangote bribed them not to fine him.

Aconomist:
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.

elGenius:
Op is just being mischievous and petty, or maybe ignorant.

let me enlighten you.

say you are an international business man selling product "A" to your country and country "Bc"

if the fuel price, electricity cost, tax and salary budget in your country is almost 2 or 3 times that of country "Bc", according to the law of cost, expenses, profit and all the economy brouhaha , will you still sell the product at the same price?

if not which country will "A" be cheaper??

this is common sense.

and Aba man who sells shoes in Lagos - imported through the port - and in his home town Aba, where do you think his shoes will be cheaper.

it's all about the expenses and profit.

Tobbit:
Hahahahahahahahaha. Yes. Cause when one can't speak about one's activities with high level of intelligence, it means there's rottenness deep within. That's why no matter what he does Arsenal won't sell the club to him so he can white wash his image


He's stripping Nigerians to the bones but just few know it.


Cement should not be more than 2500/3500 Naira per bag.


When Dangote mentioned interest into Tomatoes, the market got destabilised, same Tomato that had revolved around 40/60 Naira for decades skyrocketed to 150/200 Naira


Now let me go deeper into the underlying econometrics of this.


If Tomato is farmed, processed, cost of maritime, haulage to Nigeria and the price steadies around 40/60 Naira for a decade, Home based productivity that benefits the masses should go below the import/retail price for the same size and not Quadriple it.


Which makes me beg our local outfits when they write stories why don't they get experts to run intelligent analysis on issues like this?


How should Tomato farmed in Italy/China cost five times lesser the proposed Nigerian price. And we want to maintain a strict almost closed market structure around it



The same thing is being done to Milk as we speak and will begin to roll out over the next few years


Local productivity isn't just about creating jobs if it's not going to result into subsidised reduction or close in prices to Imported goods, then should we bother about home based productivity atall?



The insult as a macroecononist that I am is Many average Nigerians will say fluctuations, light, power this that and that. Forgetting these guys mostly use casualties labours, generate huge finances from the stock market which in itself ought to be a stabiliser against sudden spikes in production chain


So I beg to wonder where are the elites



If I'm wrong, why is Milo still the same price inspite of different economic realities in the past 5 to 10 years. Kiln maintained the same price for over a decade. Nut No, Dangote must spike prices 50 times every 2 years, yet Nigerians are the ones financing it realistically and getting terrible Dividends that doesn't reflect profits his overall financial standings continue to reflect



I don't think Nigerians have professionals in the media. I doubt.

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.

Tobbit:
Following our fights on your CBD thread about this. I'm glad you finally took it up, did your research and you're now seeing the light.

I passed a memo yesterday following an information I came across. I hope you are looking into that aswell


Shell Petroleum is out with an exclusive information..



It's a clause within the PIB Bill that is aimed at granting Dangote the sole right to export crude out of the Country... Imagine. Time for another protest Nigerians. Spread the word.



Post this information on your timeline across all your social media handles to sensitive and inform people........ Let's kill this bill before it sees the light of the day..

yesloaded:
To make it simple, let FG unban importation of cement

It's that simple

USA doesn't have crude oil whereas we do here in Nigeria

Subsea101:
If really you're the person on your dp, then I guess you're just a useless old tribalistic fellow without an iota of wisdom.
I guess you've not moulded a single block to your name talkless of having your personal house.

People are busy talking about issues of national economic importance, you're here talking about a particular tribe.

jaszplus12:
Are you his advocate?? Are you his mind? Can you visualize me in his heart? If your answers are yes, then I'll agree with you sir....

WoundedLamb:
Currency conversion could actually be misleading. What is the cost of production in Zambia? What is the profit margin over there? He might be using the same costing sheet in both countries. I don't think it's intelligent to think the final prices must be the same. Just saying...

Aconomist:
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.

Advocate500:
lol , I know you are paid to do what you are doing but let pause for a minute and of posterity brother.

Aconomist:
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

jaszplus12:
A particular tribe are not happy because it's not their person that's enjoying the monopoly...if it were... hmmnmm they would have said how no one else can be smarter than them!! Would not have referred to it as wickedness but as business acumen!!

Tobbit:
Hahahahahahahahaha. Yes. Cause when one can't speak about one's activities with high level of intelligence, it means there's rottenness deep within. That's why no matter what he does Arsenal won't sell the club to him so he can white wash his image


He's stripping Nigerians to the bones but just few know it.


Cement should not be more than 2500/3500 Naira per bag.


When Dangote mentioned interest into Tomatoes, the market got destabilised, same Tomato that had revolved around 40/60 Naira for decades skyrocketed to 150/200 Naira


Now let me go deeper into the underlying econometrics of this.


If Tomato is farmed, processed, cost of maritime, haulage to Nigeria and the price steadies around 40/60 Naira for a decade, Home based productivity that benefits the masses should go below the import/retail price for the same size and not Quadriple it.


Which makes me beg our local outfits when they write stories why don't they get experts to run intelligent analysis on issues like this?


How should Tomato farmed in Italy/China cost five times lesser the proposed Nigerian price. And we want to maintain a strict almost closed market structure around it



The same thing is being done to Milk as we speak and will begin to roll out over the next few years


Local productivity isn't just about creating jobs if it's not going to result into subsidised reduction or close in prices to Imported goods, then should we bother about home based productivity atall?



The insult as a macroecononist that I am is Many average Nigerians will say fluctuations, light, power this that and that. Forgetting these guys mostly use casualties labours, generate huge finances from the stock market which in itself ought to be a stabiliser against sudden spikes in production chain


So I beg to wonder where are the elites



If I'm wrong, why is Milo still the same price inspite of different economic realities in the past 5 to 10 years. Kiln maintained the same price for over a decade. Nut No, Dangote must spike prices 50 times every 2 years, yet Nigerians are the ones financing it realistically and getting terrible Dividends that doesn't reflect profits his overall financial standings continue to reflect



I don't think Nigerians have professionals in the media. I doubt.

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.

jaszplus12:
You are who you describe yourself to be....so when you come to sea level... you'll be invited to see the one block I've moulded... don't take life seriously bro....

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
A company that has its factory in two different country ( lets say Nigeria & Benin Republic) will price in both coun currency.....

LMS1:
Na For Uranus Bro, The Visa Cost Die, So No Bother To Come.