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Nairaland Forum / Nairaland / General / Business / Dangote Is Selling Cement For 1,150 Naira In Zambia (65857 Views)
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 9:57pm On Apr 06, 2021 |
Aconomist:I don't expect change to happen all at once but we can start from somewhere Why not everyone boycott Dangote's product's? We Nigerian's are after the name,we will still go for his product's. If we start boycotting him and going for other companies, we will be giving them our supports and this in turn will boost other investors morales to venture into the production. We Nigerians see a problem, we know the root but yet we do nothing. Look at the issue of Banks Have we sat down to ask ourselves why POS business is now really booming everywhere in the Country?? This is totally wrong,a Bank will have about 6 ATM's and only one working,forcing people to use POS and pay #100,every sector is ripping us off but yet we take no actions,we only complain and leave it.. This will keep happening till we start talking about the minor issues and actioning the solution 6 Likes 2 Shares |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by WoundedLamb: 9:58pm On Apr 06, 2021 |
brandsoncharlie: Hhmm.... Do you know their profit margin in both countries? Do you have access to their costing sheet and pricing details? Do you have access to their balance sheet and P/L reports? OP only shared the cost of a bag cement when converted to NGN. It wouldn't make any financial sense to address that in isolation. How much does he pay employees there? How much do tenants pay there? Maybe when we covert all those to NGN and put other economic factors into consideration, we'd have a better idea. But we definitely can't just compare the prices at face value. I don't live in Nigeria and my monthly house rent, when converted to NGN is more than 550k. If you multiple that by 12 and compare the product with the annual rent of similar apartments in Nigeria, you'd also believe it's outrageous. But it isn't and when all factors are considered (income vs expenditures), you'd see it has more or less the same value in Nigeria. Actually, I don't know if Dangote's margin is high or low but I think it'll be very similar in both countries. 3 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by winterfell007(m): 10:04pm On Apr 06, 2021 |
Staphylococcus: You are not smart. it's very obvious. the major reason why they can't cut their prices is because Dangote controls more than 60% of the market share. he determines the price. That's why he's regarded as a monopolist. Have you ever wondered why Dangote exited from the noodles market, the flour market, water business and the juice business? the answer is simple. they were other serious players in each of the aforementioned business. Dangote likes to play in a business where he's clearly the market leader so that we can determine the price whenever he likes. This is a huge economic malpractices. I guess you wouldn't understand this, you aren't that smart afterall 6 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 10:05pm On Apr 06, 2021 |
Lucrativress:The only thing Nigerians listen to is violence, unfortunately. We fix the cement industry with massive protests. Like ENDSARS. 3 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 10:06pm On Apr 06, 2021 |
Public pressure against Dangote is growing. 2 Likes
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Amisec: 10:11pm On Apr 06, 2021 |
Tobbit: If this is true, then I believe the ownership of this Business empire called Nigeria has just been transferred from the foreigners to the next owners as agreed 100 years ago.� 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 10:12pm On Apr 06, 2021 |
WoundedLamb: Dangote's margin in Nigeria is almost three times what it is in other African countries. I have analyzed all his financial statements.
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 10:12pm On Apr 06, 2021 |
Lucrativress: I never buy Dangote products. As in, never. It will shock you. Flour, sugar, salt, cement. Anything with that name, I boycott it 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Ajione(m): 10:12pm On Apr 06, 2021 |
what about lafarge cement? Y only dangote. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by ogwuche4u(m): 10:14pm On Apr 06, 2021 |
ayterajah: No doubt Zambia economy is stronger than nigeria's economy at the moment but we should not be quick to forget that the cement is made here in nigeria. This fact alone should make cement not sell above 1500 Naira. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by saajus: 10:14pm On Apr 06, 2021 |
I can't really say much about this cos there could many factors contributing to the disparity. All I have been saying for many years now is that Dangote is one of our problems. You guys just wait and see how he's going to milk us dry through the refinery. The Govt has already prepared the table before him. He will refine at the cost he wants. He's going to double his net worth just less than 5 years of operation. He loves monopoly cos he's not brainy enough to compete. Thanks to his friends in the Govt. 2 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by ezewealth(m): 10:16pm On Apr 06, 2021 |
Tobbit:klin didn't maintain their price. as of klin 120g increase from 2100 to 2300. quantity wholesale. Milo maintained dia price for over 5 years now. but peak 16g (fullcream) skyrocketed from 9200 to 11300(quantity price) just within the space of 6 months. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas(m): 10:22pm On Apr 06, 2021 |
heendrix:There u carry on like an anointed umpire?You 4get, Dangote is a CAPITALIST! I mean C-A-P-I-T-A-L-I-S-T! What does that mean to u? Its the governments job to mitigate the worst excesses of capitalism, to regulate prices and combat monopolist business tendencies. Why do u think Dangote shud be HOLY-HOLY? U think he is a padre? No, he is businessman. Aside PMS, what else do u see government intrested in influencing? Transport fare hike like bitcoin during rush hour, yet its only Dangote u see? Landlord still collect 2yrs and high house rent. Market woman will cheat u mercilessly,sell u a paint of garri 5k if u dont know its 1k. Idont blame Dangote. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by West2019(m): 10:22pm On Apr 06, 2021 |
We are going to burn all he property useless set of people |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 10:23pm On Apr 06, 2021 |
BluDesk:I'd actually start doing the same,it will seem like it will make no difference but this is the same scope they use for us during elections,like our votes don't count but na lie,if everyone decides to boycott his product's, we will see a massive change,just like if we all decide to go out and vote the right person in 3 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Fucktardgirl(f): 10:24pm On Apr 06, 2021 |
After he will spend the money on one bumbum snapping ashawo for USA. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by donnie(m): 10:25pm On Apr 06, 2021 |
expliciit: I believe he has struck deals with policians and paid huge sums as bribes to get such free hand. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by TSBO: 10:26pm On Apr 06, 2021 |
Aconomist: Cement capacity utilisation in Nigeria is not high. I do not think it is accurate to say cement producers cannot meet demand. If I am correct, demand has not been growing rapidly in the past few years, and supply has been tracking demand closely. Even if a lot of demand is truly unmet (which I do not think is true), why aren't cement producers ramping up production/utilisation? I am neither agreeing nor disagreeing to your position on Dangote. This is Nigeria and I must say that Government is a major major risk factor for any business operating here. While other cement producers may be complaining when policies do not favour them, I definitely think they like the wider margins they earn in this market. On imports, there is the need to assess whether imports would be net positive for the economy or not. Banning imports of course is a form of support for domestic companies, therefore, we cannot just say imports should be allowed without a clear indication of its net impact. The bottom line is that the Nigerian cement manufacturing industry is one where strong government support is central. Even if there was no Dangote, as long as the policies are there, and there are willing investors, I am not sure things would be much different. Lastly, compare the margins of the different producers. Could they really have survived if Dangote had kept EBITDA margins much lower? Lafarge is just coming out of financial rut and all those small companies BUA consolidated would probably have died before he thought to acquire them. Again, I am neither for or against here, just a discussion. 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 10:29pm On Apr 06, 2021 |
Krismas:See listen Sir,our government is the problem yes,no proper checks and balance,each sector is using this deficiency to cheat the masses,if we decide to pick one and start from there to instill change,it is not bad,see that Bank own ehn,so so crazy,lastly they'll limit withdrawal to #5000,so they can rip you off #35-#50 There are many things we overlook in this country,this is what is giving other organizations the effrontery to exploit. Let's start from somewhere. See Garri,how the hell did fuel concern Garri?? Garri was still sold in Ikotun's Market for #250 last year February now it is #900-#1000 per paint. And we accepted it like that Bottle water is now #70. All these little figures compounds to huge sums. We have a long way to go but at least,let us start from somewhere. 2 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 10:31pm On Apr 06, 2021 |
Lucrativress: All the shop owners I buy groceries from know me. Once I need any product and it's only Dangote that is left, they don't bother tell me I've not touched anything Dangote more than 10 times in 15 years period. I always look for his alternative however poor in quality and go for it.. 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by yesloaded: 10:31pm On Apr 06, 2021 |
somehow: most of u guys failed to comprehend my message but I will leave you to that |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 10:33pm On Apr 06, 2021 |
ezewealth: Obviously you don't know the detergent industry. Kiln was 20 Naira for atleast a decade. Do your homework. From 2002 to 2014,kiln remained at 20 Naira. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by EMIOMOADEOYE: 10:34pm On Apr 06, 2021 |
It is on this thread that I can see the level of idiocy in this country. Do you all not know that Dangote has a cement factory in Zambia? Can you tell me how much its costs to produce a bag of cement in Zambia? Compare that with Nigeria? How do you know that his markup in Zambia is not higher than in Nigeria.? I say all of you.......MUMU ni gbogbo yin. Businessman dey e own dey do business jeje, you dey talk say e be your problem. I feel like swearing for all of you, but I will keep quiet because you are all ignorant. 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by ikorodureporta: 10:34pm On Apr 06, 2021 |
Inside our limestone sef, we still dey suffer |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 10:34pm On Apr 06, 2021 |
BluDesk:Wow that's working the talk Highly commendable. We Nigerians have to not just put it in mind that we're being cheated but do our parts in getting justice Really you're highly commendable 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 10:35pm On Apr 06, 2021 |
TSBO:Sigh, you have to understand something called the demand curve. When prices are kept artificially high, demand will be at an artificially low level. This is why you need heavy competition in the industry. Cement is supposed to be a low margin industry where you sell massive volume to make a profit, not an industry where you produce below capacity and jack up prices. 1 Like 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by BluDesk: 10:35pm On Apr 06, 2021 |
Aconomist: That's the perfect solution. Market liberalisation 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lucrativress(f): 10:36pm On Apr 06, 2021 |
EMIOMOADEOYE:A wise man told me As long as foolish people are still many in Nigeria Getting Rich will keep being very easy.... 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by naijadrivablog: 10:36pm On Apr 06, 2021 |
LMS1: You think say you de wise You |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Krismas(m): 10:36pm On Apr 06, 2021 |
winterfell007:U see, u are stylishly stammering. U say Dangote control 60% of market shares? Then there is no better way to ruin him, than competitors lowering prices. It happened to Gala. Nothing stops the rest from producing a formidable front against him, Many of them were in the business b4 him. But u see, they are enjoyihg it. 4 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Goldbw122(m): 10:38pm On Apr 06, 2021 |
This country should have this Price authority platform that can set price balance between the customers and the sellers in NIgeria or else things are going to get worst... i can bet on that... |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by witworth(m): 10:38pm On Apr 06, 2021 |
Dangote doesn't control the government of zambia, the problem is not Dangote here, the problem is the government, whether some people will say Dangote controls the government here or not, the bottom line is Dangote is not the government. 2 Likes |
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