GeneralDae:

BUA Cement is not as costly and now being heavily patronized. Last time I checked; nobody stopped the southerners from doing their thing in cement or food, just that most of our southerners (I am also a southerner by the way- South-South to be precise) love the importation business when it comes to stuff like that. Innoson motors from the South East as well as Air Peace flight CEO amongst others are also supported by the Government, so this monopoly argument is stale already.
Obasanjo supported Dangote to the latter because he was building his cement plants and at the time Nigeria was the second largest importer of cement in the world after the USA, and in my opinion, Obasanjo did the right thing then.

leave this fool to keep wallowing, I guess he only knows Dangote and BUA
OLD Figures

68816419:

leave this fool to keep wallowing, I guess he only knows Dangote and BUA

This list must be old I think. BUA is now second. Also Tony Elumelu (CEO of UBA Bank) is on the rise I believe. If this list is current though, I must say I'm also shocked at the downward slide of Femi Otedola.

68816419:

Time shall tell, the same way u stylishly stopped Dangote from taking over your cement industry?

A bag of cement in Nigeria costs 4 times the price in Kenya. Why would we allow that criminal in the country? Let him milk you fools dry with his monopolies and shady business practices.

Appisko:



How is your mud cow dung house doing?


@gallipig

It's great.

gallivant:


A bag of cement in Nigeria costs 4 times the price in Kenya. Why would we allow that criminal in the country? Let him milk you fools dry with his monopolies and shady business practices.

Dangote has no monopoly in cement in Nigeria. See my snapshot in the post above, all of those guys are in business. Dangote certainly doesn't need Kenya (anymore than he needs Zimbabwe for instance). He already has cement plants in Ethiopia and Tanzania, and he has two plants in South Africa.

You're the fool buying cement at three times and any other commodity - inflation is ever triple digit almost - while in Kenya inflation has been single digit - while praising a few billionaire.

The most important list - 200M Nigerians are POOR - Nigeria has the most poorest people in planet earth

68816419:

leave this fool to keep wallowing, I guess he only knows Dangote and BUA

Okay I think I have to log off this forum forever My daughter just told me the last part of my statement is bad - I should remove it. Why? You're being mean to the Nigerians

Alhaji Rabiu is really giving Dangote a run for his money literally and figuratively. He recently signed a deal with the French govt to build a refinery in Akwa Ibom I think.

What you said about the politics being behind most of the bad press Dangote gets is true. Funny enough most of his detractors had no issues with him when OBJ and GEJ where in charge. I not an expert about the goings on in the cement industry but someone who helped stop your country being an import dependent one when it comes to cement deserves commendation. At least companies like Lafarge have been on ground before Dangote ventured into cement business why didn't they think of expanding instead of largely relying on imports?

Don't be surprised when his refinery is up and running and he's enjoying the profits of his investment they will accuse him of monopoly even though a lot of them were given licenses to refine crude years ago.

Buhari has many faults but one good I've seen is if you're a large scale Nigerian business trying to expand they give you the necessary backing whether through monetary policy, government policy like border closure and encouraging local substitute for imported raw materials.

GeneralDae:

Dangote has serious competition in cement. BUA is also a big cement dealer in Nigeria and is now the second richest man in Nigeria. Dangote have always had competition in cement. The problem with you is that you only take news from uninformed or biased/political folks on social media when it comes to Nigeria rather than doing appropriate research.

Why dont you convert to Kshs....they are at least twice more expensive.

GeneralDae:
rvp2018 these are the current prices of cement in Nigeria by all the big players. So where is the monopoly here people keep talking about?

rvp2018:
Why dont you convert to Kshs....they are at least twice more expensive.

That's not because of monopoly but the cost of production in Nigeria. You can see their prices are all high not just Dangote.

As you lift one billionaire every year; how many Nigerian are escaping out poverty. Forget that. How many are sinking deeper into poverty. Millions. Officially there are at least 100 million extremely poor Nigerians.

chrisooblog:
Alhaji Rabiu is really giving Dangote a run for his money literally and figuratively. He recently signed a deal with the French govt to build a refinery in Akwa Ibom I think.

What you said about the politics being behind most of the bad press Dangote gets is true. Funny enough most of his detractors had no issues with him when OBJ and GEJ where in charge. I not an expert about the goings on in the cement industry but someone who helped stop your country being an import dependent one when it comes to cement deserves commendation. At least companies like Lafarge have been on ground before Dangote ventured into cement business why didn't they think of expanding instead of largely relying on imports?

Don't be surprised when his refinery is up and running and he's enjoying the profits of his investment they will accuse him of monopoly even though a lot of them were given licenses to refine crude years ago.

Buhari has many faults but one good I've seen is if you're a large scale Nigerian business trying to expand they give you the necessary backing whether through monetary policy, government policy like border closure and encouraging local substitute for imported raw materials.

rvp2018:
BUA/Dangote - same whatsapp group - Nigeria mostly Northern Elite using Abuja to exhort money from you. What selling price of 50 bag of cement in your hardware shop. I normally buy cement in my construction - I get it 550 Kshs per bag.

here is price list of cement in Nigeria

Why would the cost of producing cement be that different? You have natural gas and Dangote get it for free?

Dangote using anti-market practices does he things - he crushes the opponents - then jack the prices. He controls 60 percent of cement market in Nigeria.

In kenya we have Competition Authority that will not allow such practices. That is why HE CAN NEVER COME TO KENYA.

But before you even get there - deal with serious issues in your messed up economy where a few enjoy advantage of arbitrage and import restriction

That is how an IDIOT LIKE DANGOTE WHO WAS RECENTLY HAWKING SALT AND SUGAR IS NOW A BILLIONAIRE.

GeneralDae:

That's not because of monopoly but the cost of production in Nigeria. You can see their prices are all high not just Dangote.

That almost 4,000 naira = 1,200 = almost 3 times Kenya - where cement prices start from 480 to 550. Youre become a country of 10 billionaire and 200 million beggars.

68816419:

here is price list of cement in Nigeria

68816419:

here is price list of cement in Nigeria

Is this the same credible source you got the Equity bank takeover?

rvp2018:
Why would the cost of producing cement be that different? You have natural gas and Dangote get it for free?

Dangote using anti-market practise does he things - he crushed the opponents - then jack the prices. He controls 60 percent of cement market in Nigeria.

In kenya we have Competition Authority that will not allow such practises.

But before you even get there - deal with serious issues in your messed up economy where a few enjoy advantage of arbitrage and import restriction

That is how an IDIOT LIKE DANGOTE WHO WAS RECENTLY HAWKING SALT AND SUGAR IS NOW A BILLIONAIRE.

The bolded is false. I have given you proof to show that his prices are not so different from that of his competitors in Nigeria. I am giving you proof, you give me proof not sentiments or beer parlour news you got from tribalistic Nigerians.

rvp2018:
That almost 4,000 naira = 1,200 = almost 3 times Kenya - where cement prices start from 480 to 550. Youre become a country of 10 billionaire and 200 million beggars.

Billionaire heaven, poverty capital of the world. These Nigerians are more clueless than a goldfish in a jar. It's sad really.

rvp2018:
As you lift one billionaire every year; how many Nigerian are escaping out poverty. Forget that. How many are sinking deeper into poverty. Millions. Officially there are at least 100 million extremely poor Nigerians.

its better i get milked by fellow black than a Muhinidi

Ever heard of oligopoly. That means a group of Hausa billionaires decide rather than competing and bringing down the prices - they connive and jack the prices. That is Nigeria.

Free market economy need serious regulations. Nigeria federal gov is under captured by few northern elites.

You should ask yourself why cement is very expensive in Nigeria than in Kenya or elsewhere? You will then understand what monopolistic and oligopolistic tendencies do to market economy - and make it worse than even communism.

Look at Nigeria. 10 billionaires (USD) and 100M beggars - almajiri kids all over the north - the city of KANO look like hell hole. For every billionaire - there should be a thousand millionaires - and even millions of folks getting lifted out of poverty.

GeneralDae:

The bolded is false. I have given you proof to show that his prices are not so different from that of his competitors in Nigeria. I am giving you proof, you give me proof not sentiments or beer parlour news you got from tribalistic Nigerians.

Yours is a classic case of looking to remove a speck in someone's eye while you have a log in yours.

Your country is unproductive, your trade imbalance speaks for itself.

You barely have enough money that's why you borrow so much that it's almost 70% of your GDP.

You can't feed yourselves that's why you rely on food aid yearly, while stupidly beating your chest that you use your little available land for flowers.

Boast about skyscrapers while you have some of the largest slums in the world.

Nigeria is the poverty capital yet we feed ourselves.

Poverty capital but biggest GDP on the continent.

Biggest tech sector on the continent.

This poverty capital invests in your housing sector, bought your banks and IT hub. Sponsors your football league, builds your roads and you're not ashamed?

Instead of wasting your productive years being a troll on a Nigerian owned platform your ''intellect'' to engage in more useful ventures like solving your country's numerous problems instead of acting like a sex starved Viewer poking his nose into his neighbors business.

rvp2018:
You're the fool buying cement at three times and any other commodity - inflation is ever triple digit almost - while in Kenya inflation has been single digit - while praising a few billionaire.

The most important list - 200M Nigerians are POOR - Nigeria has the most poorest people in planet earth

GeneralDae:

Dangote has no monopoly in cement in Nigeria. See my snapshot in the post above, all of those guys are in business. Dangote certainly doesn't need Kenya (anymore than he needs Zimbabwe for instance). He already has cement plants in Ethiopia and Tanzania, and he has two plants in South Africa.

Kenya doesn't need Dangote's foolishness.

68816419:

its better i get milked by fellow black than a Muhinidi

Ignorance..It's the same reason you achieved the poverty capital status while being Africa's biggest producer of oil.

What difference does it make. Do you think Dangote will give your a ride on his private jet because you're black...or he will give his Indian executives. The entire Dangote operation is run by Indians.

Give me an ethical indian like Chandaria ANY DAY ANY TIME.

Chandaria basically run you steel industry and you wont even know it because he is humble

68816419:

its better i get milked by fellow black than a Muhinidi

rvp2018:
Ever heard of oligopoly. That means a group of billionaire decide rather than competing and bringing down the prices - they connive and jack the prices. That is Nigeria.

Free market economy need serious regulations. Nigeria federal gov is under captured by few northern elites.

The list I showed you has only two Northerners in it. So that conspiracy theory you just reiterated is Hogwash. Besides, the Northerners may be the poorest but the Kano people (where both Dangote and BUA come from) have always been business people and they are the closest from the North to the Igbo character in terms of business acumen. Dangote's Dantata family was also the richest in West Africa as a trader in the 1950's. Dangote started trading way back in 1977.

I would not normally dignify such nonsense with a response but hey Nigeria is WORLD POVERTY CAPITAL having overtaken India...now with 100M poor people. That is like entire East Africa.

chrisooblog:
Yours is a classic case of looking to remove a speck in someone's eye while you have a log in yours.

Your country is unproductive, your trade imbalance speaks for itself.

You barely have enough money that's why you borrow so much that it's almost 70% of your GDP.

You can't feed yourselves that's why you rely on food aid yearly, while stupidly beating your chest that you use your little available land for flowers.

Boast about skyscrapers while you have some of the largest slums in the world.

Nigeria is the poverty capital yet we feed ourselves.

Poverty capital but biggest GDP on the continent.

Biggest tech sector on the continent.

This poverty capital invests in your housing sector, bought your banks and IT hub. Sponsors your football league, builds your roads and you're not ashamed?

Instead of wasting your productive years being a troll on a Nigerian owned platform your ''intellect'' to engage in more useful ventures like solving your country's numerous problems instead of acting like a sex starved Viewer poking his nose into his neighbors business.

rvp2018:
What difference does it make. Do you think Dangote will give your a ride on his private jet because you're black...or he will give his Indian executives. The entire Dangote operation is run by Indians.

Give me an ethical indian like Chandaria ANY DAY ANY TIME.

Chandaria basically run you steel industry and you wont even know it because he is humble

Now you are worshipping your Indian lord . No wonder you guys are called little indians . Even that black American lady on Youtube confirmed it and the kenyans were mad at her in the comment section .

Selling salt and sugar cannot make you rich. What make you rich is bribing politicians in Abuja to enact policies that block imports - and allow a few connected people to import. Then you approach CBN and buy dollars - nobody else can afford to buy dollars at your sweatheart rate. Then eventually you start your own silly company that produce locally and sell useless cement for 3 times the price.

In normal countries people get rich in tech and such industries - not in selling cement, salt and sugar.

Or you think Dangote discovered cement

GeneralDae:

The list I showed you has only two Northerners in it. So that conspiracy theory you just reiterated is Hogwash. Besides, the Northerners may be the poorest but the Kano people (where both Dangote and BUA come from) have always being business people and they are the closest from the North to the Igbo character in terms of business acumen. Dangote's Dantata family was also the richest in West Africa as a trader in the 1950's. Dangote started trading way back in 1977.

As you lift more billionaires you create businesses, which in turn hire more people.

100m is bad yes but that leaves at least half that are doing well more than the total population of Kenya.

Focus on solving Kenya's massive slum problem and poverty in the north of your country.

rvp2018:
As you lift one billionaire every year; how many Nigerian are escaping out poverty. Forget that. How many are sinking deeper into poverty. Millions. Officially there are at least 100 million extremely poor Nigerians.

We worship HARDWORK and ENTERPRISE. We do not worship black color. If you come to Kenya expecting to be treated better than Indians or Whites - please behave better than them.

Only in Nigeria would you respect someone selling cement three times the average in Africa.

We have elected 5 Kenyan Indian MPS - Kenya Asian is now a Kenya tribe - they were elected because they campaigned and worked for the people.

We cannot eat you black colour.

GeneralDae:

Now you are worshipping your Indian lord . No wonder you guys are called little indians . Even that black American lady on Youtube confirmed it and the kenyans were mad at her in the comment section .

GeneralDae:

Now you are worshipping your Indian lord . No wonder you guys are called little indians . Even that black American lady on Youtube confirmed it and the kenyans were mad at her in the comment section .

Do you know these folk?

rvp2018:
That almost 4,000 naira = 1,200 = almost 3 times Kenya - where cement prices start from 480 to 550. Youre become a country of 10 billionaire and 200 million beggars.

U aint intelligent at all, our cement consumption and production is 17 times larger and bigger than yours, Kenya Cement producers recorded a 28% year-on-year increase in production in the first five months of 2021 to 3.35Mt from 2.65Mt while Nigeria Local cement production was 47.8 million tonnes now hit 53.8mtpa by 2021

rvp2018:
Selling salt and sugar cannot make you rich. What make you rich is bribing politicians in Abuja to enact policies that block imports - and allow a few connected people to import. Then eventually you start your own silly company that produce locally and sell useless cement for 3 times the price.

In normal countries people get rich in tech and such industries - not in selling cement, salt and sugar.

Or you think Dangote discovered cement

He did not become automatically rich by selling salt and sugar, but he gradually transformed into a top billionare from around 2001 when Obasanjo called all top cement dealers and announced the plan to ban importation. Cement was his catapult and the backbone of his billionare status. Give up already, I have done extensive research on these things studying both sides.

Entire operation is run by Indians. You dont expect someone who was selling salt to understand manufacturing.

gallivant:


Do you know these folk?