Allow other investors in the cement industry for competitions, and watch demand and supply determine the cost.Allow other investors in the cement industry for competitions, and watch demand and supply determine the cost....

Hotice085:


Ogbeni close ya mouth dia
Do you know the tax waivers this guy's gets, do you think Dangote and co have not filled up their warehousese that will make them run production for the next 2 years without bothering about cost of production
Nigeria is not running common economics but Cabal economics, everything here is determined by the cabals in control and not any simple common economics

Tell your idiot Father to close his dirty stinking ebola mouth first. Senseless bigot

Audio summon, next bus stop bag of 50kg cement N20k!

Richtaiwo:
No need inviting the two greedy capitalists leveraging on high cost to feast on Nigerians. Just find a way of reducing the hardship. Things will naturally take proper shape. Inviting them is just like forcing or begging them.

APC supporters now proffering solutions to emilokan because the emilokan is confused,una never see anything.

Mandate1:
do you know how much these companies spend in maintaining their diesel powered gen? Do dey have special market for their staff? Salary increment for staff due to economic downturn leads to all des increment u see. A govt that increased the price of petrol, an essential commodity from 160-600 can't blame private business for increasing theirs.

You've a point but that is not why cement should increase by a whooping 120% within a matter of weeks. Besides diesel and personnel costs are only a fraction of the price make up of a product that is made up of 90% locally sourced material. The price hike is just not justifiable.

Why meeting them? Does the government not knowing the implication of allowing a section of the country having a monopoly power over the supply of certain goods. They will collide to fixed the price. What government should do is issue licence to other investors from other region to come into the business, and even loan them, so that they can compete effectively with them, after all Dangote used government money to build his refinery according to former CNN governor. Also this is time for government not depend on his refinery to sustain energy sector, they should issue licence to other in petroleum industry and direct the cbn to make Dollar available for them to be able to build big refinery as they did to Dangote before he will bring government from other region down as they want to do to Tinubu government.

Nonsense

123yes:
This APC government have no sense. You devalue you currency to almost #1770 to a,$ollar They have to increase their prices so as to cover their cost of production. That is common economics. What did u want them to do? to produce and sale at a loss?.

u dey mind some mother fuckers that is blaming them

Tjra:

Compare your comment with those of the previous intelligent posters. Shameful right?

his comments are ok oga they should first sumon them self for the fallen niara u this ethnic bigot

samcolee:


If a bag is 12k at 1650$ rate imagine when dollars hit 5k

If tinubu doesn't know how to fix the ailing economy, he should just step down for the the military.its that simple cos they're not getting it. Those involved in dollar infractions are their allies so, it will be so difficult for him to arrest them.

They'd be the first to run into exile by the time the military tales over and their accounts would be frozen. You'd see how massively the naira would regain its strength.

peekspot:

https://www.thecable.ng/fg-summons-dangote-bua-over-rising-cost-of-cement/amp

2stupid set of people u don't buy raw materials from abroad y are you increasing your the price black man is very wicked.
Government is also to blame allow others to come into the cement business ok.
Plseas also invites other trades 2apart from cements

BUA wen don first carry us play😂😂😂

123yes:
This APC government have no sense. You devalue you currency to almost #1770 to a,$ollar They have to increase their prices so as to cover their cost of production. That is common economics. What did u want them to do? to produce and sale at a loss?.

no. If you read the post you will see the main issue is that the disparity between the factory price and the marker price is very much

insidelife22:
Allow other investors in the cement industry for competitions, and watch demand and supply determine the cost.

Demand and supply will not do anything in this case. cost of production and also transportation has increased tremendously and you all expect price to remain the same. The truth you all know is Naira has lost its value at lease 3x over, which means N900 earlier last yesr is equal to N300 today. N900K is like N300K or less. and you also want cement to also reduce in monetary value. at the moment self i am sure cemenet made in Nigeria is the cheapest every in the world and Africa at the current rate of N10K. if you all Nigerians do not want to buy people in other countries will not allow Nigeria cement to rest.

123yes:
This APC government have no sense. You devalue you currency to almost #1770 to a,$ollar They have to increase their prices so as to cover their cost of production. That is common economics. What did u want them to do? to produce and sale at a loss?.

Dont mind them and some gullible Nigerians are busy defending the nonse and blaming innocent business men who just want to make profit to survive this harsh econonmy.

PARADIZEPRIEST:
Buha closed boarder to cement and rice for past 8years rule claiming will boast local production. So where is the benefit to nigerians,few individuals get stupendously at expense of entire citizenry.
Same is happening to refinery now? Where is the fuel?

Exactly my point!
The local producers of rice and cement have been over-pampered. Hence, they are taking advantage of the consumers.
If your wife knows she is the only one you have, her shakara would be so much, she won't even cook for you again. She can even deprive you of dat thing!
But if you have 6 wives, you go see how all of Dem go dey rush you with food and dat thing for the other room!

Nonsense and empty summon meant for the gullible.

Eriokanmi:
If tinubu doesn't know how to fix the ailing economy, he should just step down for the the military.its that simple cos they're not getting it. Those involved in dollar infractions are their allies so, it will be so difficult for him to arrest them.

They'd be the first to run into exile by the time the military tales over and their accounts would be frozen. You'd see how massively the naira would regain its strength.

The military wey go take over na Jesus Christ nah? Stop playing abeg

Federal government try to push the blame to cement manufacturers for the failure of the economic policies of the federal government that is not working... federal government you are the cause of all this increase in price of food stuffs and other things

Federal government the high costs of fuel, disel, floating of the naira against the dollars is the cause of the high costs of cement and foodstuffs...stop looking for who to blame for your failures

Iseoluwani:
Nigeria is gone to the dogs

APC lead us down to the is nasty place

flokii:


You'd be surprised the imported cement will still sell below 5k despite the exchange rate.

It's economics of demand and supply that'll crash the price at depot.

Even if the government now starts to allow foreign cements, there are still many factors to consider: EX work or FOB cost(while minding the present FX rate) and freight charges. And even after this, you are still not sure that the foreign cement would be a cheaper alternative, as all it would take to make you regret your choice of going for foreign cement is to be slapped with a heavy Import duty when your consignment of foreign cement arrives at the port. Agent sef go come bill you for clearance and transportation to final destination, and now most truck drivers don increase their money too.

Na you go use your hand abandon the consignment for port.

123yes:
Tell your idiot Father to close his dirty stinking ebola mouth first. Senseless bigot

God punish your Ancestors and generation born and yet unborn

Hotice085:

God punish your Ancestors and generation born and yet unborn

Your generation has already been published even before they born your great grandfather because of this type of your insultive attitudes. Check if any of your generation is doing well. So far you are living in this life you will amount to nothing like your cursed generation.

123yes:
Your generation has already been published even before they born your great grandfather because of this type of your insultive attitudes. Check if any of your generation is doing well. So far you are living in this life you will amount to nothing like your cursed generation.

See gutter rat that is in hunger emergency ward
Generation of beggars and armed robber already doomed in this world and waiting to continue in HELL fire

I fact I regret supporting this administration into power olohun

PARADIZEPRIEST:
Buha closed boarder to cement and rice for past 8years rule claiming will boast local production. So where is the benefit to nigerians,few individuals get stupendously at expense of entire citizenry.
Same is happening to refinery now? Where is the fuel?

Most Nigerians have fish brains they have forgotten so soon how buha used his staunch tribalism and religious bias to flood his cabinets with misfits and dumbbrains,with a few crafty ones that took advantage of his being a stack novice to mess up the nation banking and economic system.

chicfarmer:


The government needs to read the riot act to these cement boys. If importing cement is far cheaper than locally producing it, then the government may well call their bluff if they want to shut down. Compare the millions of artisans who would be left jobless because of the prohibitive prices of cement to the few thousands these cement manufacturers employ. Do the maths and see which is better.

Of course we don't want factories to shut down but if they become cogs in the nation's wheel of progress then they may pay the price.
I can assure you that the construction industry is right now comatose because of this cement price crisis. Think of the Engineers, plumbers, painters, carpenters, iron benders, aluminium artisans, unskilled labourers etc who are stranded at home with no means of income. This cement issue deserves the strongest direct response from the government without caring whose ox is gored!

bro , I can't help but admire your writing skills....is top notch