₦airaland Forum

These are the results of voting an incompetent president into power..it's a pity

VeeVeeMyLuv:
Bro the system being run currently in Nigeria does not resemble capitalism at all

What we have is capitalism abuse
Or mockery of capitalism.

We are very far from capitalism, especially under APC politicians who pretend to be progressive but are absolutely not.

PDP politicians are more capitalist with deregulation and privatisation driven shared prosperity, while being socialist enough with the UBEC established by Obasanjo-Atiku to help states with federal funds for nine years free and compulsory education.

Uncompleted projects, dilapidated classrooms litter Ogun despite N10.2 billion rehabilitation

PREMIUM TIMES visited schools that the state government claimed to have rehabilitated and found decrepit and inadequate facilities.

The renovation project was executed with a N10.2 billion fund jointly contributed, equally, by the Universal Basic Education Commission (UBEC) and the state government.

UBEC released its share of the fund to the state government in 2019 to address infrastructural decay and inadequate facilities in 236 public schools across the state.

PREMIUM TIMES found that in many schools captured under the rehabilitation project, the exercise has either not been completed or started at all. All the schools mentioned in this report are those the Abiodun administration listed as schools it has renovated.

The rehabilitated blocks of classrooms all had yellow roofs, the signature of the Dapo Abiodun administration.

Cracked walls, leaky roofs

At the St Joseph RCM Primary school in the Ayila area of Ogun Waterside Local Government Area, pupils were attending classes in uncompleted buildings with cracked walls and leaking roofs. Because chairs and desks were insufficient, some pupils sat on the bare floor.

One of the two buildings in the school looked like it could collapse anytime. “We cannot abandon it because we don’t have an alternative,” a teacher told PREMIUM TIMES.

The teacher said classes are suspended whenever it rains, because of the leaky roofs and low walls.

“When it rains, there is no class because all the pupils need to be moved to the two classes that are still manageable,” the teacher said.

Toye, one of the pupils, said he wants the government to repair and upgrade the school.

Gboko community in Ketu, Yewa North Local Government Area, has only one primary school. The mud-walled school has no teachers.
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The Ogun State Commissioner for Education, Abayomi Arigbabu, did not respond to repeated calls and text messages to his phone for his comments on issues raised in this report.

But at a briefing in September 2022, Mr Arigbabu said infrastructural decay at schools predated the current administration when contacted, the spokesperson of UBEC, David Apeh, refused to respond to questions on the matter, especially on whether UBEC is monitoring the use of its funds by the Ogun government.

https://www.premiumtimesng.com/regional/ssouth-west/574465-uncompleted-projects-dilapidated-classrooms-litter-ogun-despite-n10-2-billion-rehabilitation.html

A country that has cement plants oh, just imagine? we have Dangote, BUA and Ibeto cements but still the price of cement is expensive.

Mirasteel:
A country that has cement plants oh, just imagine? we have Dangote, BUA and Ibeto cements but still the price of cement is expensive.

Everybody is using the opportunity of government corruption and carelessness to cash out from Nigerians.

Check the taste of the coke you drink, taste the ones from other african countries...The difference is clear.

Every business owners is taking advantage of the lack of government.

No one is protecting Nigerians

Kingpele:
The government is still after Peter obi and looting public funds, they're not aware that dangote wants to use Nigerians to overtake Elon mask

Watch the same government taxed you to advanced suffering and shift blames to Dangote?

fineboynl:
Dangote cement in Ghana Benin and Togo is cheaper and they are exported from Nigeria.


Let me tell you something. Those countries already have a competition market before dangote break in so. In Nigeria we just run things as we like here. Bribing and corruption. Middle men and criminal minded.

The exploitation has chain reaction. House are costly now. Rent skyrocket as a result of the chain reaction. The economy is now so choked and destroyed.

Capitalist or whatever for one man to inspire to be so rich is not for we Africans. Certain things will not work here. We should look towards china and Indian anything that worked for those countries will work in Nigeria. Wages are very low and we are coping capitalism it's suicidal.

Sit and watch the government taxed you to highest suffering in human history and quote imaginary monopoly and competition theories to feel good.
Suffering and smiling as they said

DuttyChuks:
Dangote and co rubbing the masses massively to enrich himself and his gangs of thieves..

Sit down and watch the government taxed to poverty and blame Dangote to feel good

greatiyk4u:
Restore IBETO GROUP licence and see prices of cement go down very low

Will you stop deceiving yourself?

Basicend:
A Chinese firm just staked about $1 billion in Lafarge Cement. Chinese are good at crashing prices.

Hopefully, once the FDI is fully integrated, they will spoil market for Dangote and BUA by cutting down their end price.

Dangote is well know for milking high profit margins from struggling Nigerians.

When you wake from your dream, the cheapest cement will be sold for ₦20,000.

Heffalump:
Goverment should open the border to cement importation and see how prices will crumble locally. Nigerian producers and middlemen are very heartless to the core. Very selfish people. :

By the time you wake up, the cheapest cement will be the last one you bought.

Delphi:
It's a shame that cement sells in Nigeria at a double of Africa's cement price.
In a saner clime, government regulates the price of critical commodities but that's not the case in Nigeria. If it becomes impossible to tame the private capitalists, then government should open the market for ready vendors to flood the market and the price will forcefully come down.
This is where the Nigerian government H
CONTINUEDS TO FAIL THE PEOPLE.

The problem of an average communist is to blame capitalist for the problem they caused.

grandstar:
The single reason why cement is more expensive here than elsewhere is because the government banned its importation during OBJ's tenure.

Open the gates again and the price would crash. The importation of petrol has prevented excessive profiteering that has characterised cement.

Continue to wait for the importation of a product to government is ready to tax heavily to be cheap

Menclothing1:
But most west Africa country still come to buy from Nigeria

The Op is doing armchair journalism because the last time I checked, Nigerian products were the cheapest in West African.

Sources
- Guardian Nigeria, 7 July 2026 — "Despite glut, local cement price nearly doubles Africa's average" — https://guardian.ng/featured/n15000-per-bag-despite-glut-local-cement-price-nearly-doubles-africas-average/
- The Citizen (Tanzania), 9 July 2026 — "Cement prices to top Sh18,000 as manufacturers raise prices" — https://www.thecitizen.co.tz/tanzania/news/national/cement-prices-to-top-sh18-000-as-manufacturers-raise-prices-5521356
- CemNet, 26 June 2026 — "Falling cement prices help ease Ghana's building cost inflation" — https://www.cemnet.com/News/story/181586/falling-cement-prices-help-ease-ghana-s-building-cost-inflation.html
- Billionaires.Africa, 3 June 2026 — "Nigeria cement sector posts $554m Q1 2026 profit record" — https://www.billionaires.africa/2026/06/03/nigerian-cement-billionaires-win-big-as-dangote-bua-and-lafarge-post-554-million-in-combined-q1-profits/
- eciks.org, 23 May 2026 — "Abdul Samad Rabiu says BUA Cement prices will fall as naira stability eases costs" — https://eciks.org/5275-90657-abdul-samad-rabiu-says-bua-cement-prices-will-fall-as-naira-stability-eases-cost
- Exchange rate ₦1,382–1,425/$1, July 2026

djseanjohn77:
You sat down, did an estimated cost to make comparison with Nigeria - what kind of statistical data or inference are you drawing on unverified data and information?
I guess you have achieved your aim, which is to attract criers' attention - they are already shedding premium tears under the incomplete data analysis. If you meant well, it doesn't cost anything for you to get an accurate measurable data. Even the price quoted for Nigeria isn't correct. All just to get an attention, keep people cursing and hopeless.

hotwax:
Dangote want to compete with Elon Musk but has no product to compete...all he needs to do is enslave every Nigerians.

He wanted monopoly of cement and petroleum.

very callous person

When next you want to tell jokes, say something funny!

Mirasteel:
A country that has cement plants oh, just imagine? we have Dangote, BUA and Ibeto cements but still the price of cement is expensive.

You were demanding and increase in minimum wage from your government, where you expecting it to be cheap?

Sam8891:
Cement For ₦15,000 While The Rest Of Africa Buys Cheaper — See The Numbers

If you've priced a building project in the last two years, you already know the pain. A bag of cement that should be a routine line item has become a whole budget event. I put together the numbers across 20 African countries. Nigeria is verified from a news report, most others are structural estimates (marked clearly so nobody quotes me wrong). Long read, but worth it.

WHAT'S CONFIRMED

Nigeria: The Guardian reported on 7 July 2026 that a 50kg bag sells for about ₦15,000, and called it "nearly double Africa's average." At ₦1,382–1,425/$1, that's $10.53–10.85 a bag. And this is happening despite Nigeria having a cement GLUT — we produce more than we use.

Tanzania: The Citizen reported manufacturers pushing prices toward Sh18,000/bag (9 July 2026). I couldn't verify a clean USD conversion so treat that one as unverified, roughly $6.50–7.50.

Ghana: CemNet reported cement inflation at NEGATIVE 14.5% year on year as of 26 June 2026. No exact cedi price was in that report, so ignore any specific figure floating around — the confirmed part is that prices are falling there, not rising.

If Nigeria's price is "nearly double" the continental average, that puts the African average around $5.30–5.70/bag. We're paying roughly 85–105% above that.

THE FULL 20-COUNTRY SPREAD
(USD per 50kg bag, mid-2026. Only Nigeria is verified, Tanzania's conversion is unverified, everything else below is a structural estimate — not a quoted price.)

West Africa
- Nigeria — $10.53–10.85 (verified) — producer pricing power, glut notwithstanding
- Ghana — inflation −14.5% YoY (unverified price level) — easing
- Côte d'Ivoire — $6.50–7.50 (estimate) — coastal hub, branded premium
- Senegal — $6.00–7.00 (estimate) — import + regional producers
- Cameroon — $6.50–7.50 (estimate) — dual factory + import
- Mali/Burkina/Niger — $8.00–10.00 (estimate) — Sahel logistics, import dependence

East Africa
- Tanzania — $6.50–7.50 (unverified) — manufacturer hikes, clinker import
- Kenya — $6.50–7.50 (estimate) — imported inputs, FX pressure
- Uganda — $5.50–6.50 (estimate) — landlocked, supplied via neighbours
- Ethiopia — $5.00–6.00 (estimate) — state-linked integrated plants
- Sudan — $8.00–10.00 (estimate) — conflict-disrupted supply

North Africa
- Egypt — $4.50–5.50 (estimate) — big local capacity, cheap gas
- Algeria — $4.50–5.50 (estimate) — state-linked integrated plants
- Morocco — $6.50–7.50 (estimate) — CIMAF hub, coal energy cost
- Tunisia — $5.00–6.00 (estimate) — mature local industry

Southern Africa
- South Africa — $6.00–7.00 (estimate) — mature oligopoly
- Zambia — $5.50–6.50 (estimate) — power-cost pressure
- Zimbabwe — $7.00–8.50 (estimate) — FX disorder, power shortage
- Angola — $5.00–6.00 (estimate) — oil revenue offsets import
- Mozambique — $5.50–6.50 (estimate) — coastal, regional trade
- DRC — $8.00–9.50 (estimate) — near-landlocked, logistics penalty

Continental weighted average is roughly $5.30–6.50/bag.

WHY THE PRICES DIFFER SO MUCH

1. Energy — kilns run on coal, petcoke or gas. Algeria and Egypt have cheap domestic energy and sit at the bottom. Anyone importing energy for their kilns pays more, full stop.

2. Local vs imported clinker — an integrated plant grinds its own clinker locally and is shielded from freight shocks. A grinding-only market imports clinker and eats freight and currency risk at the same time. That's a big reason East Africa runs pricier than North Africa.

3. Freight and landlocked penalty — inland transport adds real cost per kilometre. Uganda, Zambia, Mali, Burkina Faso, Niger, and near-landlocked DRC pay an estimated extra $1–3 a bag just moving it inland. DRC is the worst case on the continent.

4. Exchange rate (and a correction people keep getting wrong) — a lot of people blame the naira. That's not it. The naira was actually appreciating over this period. Nigeria's Works Minister pinned the price on producer pricing power, not currency. FX is a real driver in Zimbabwe and Kenya — it's just misapplied to Nigeria.

5. Producer concentration — fewer producers, higher prices. Nigeria is the textbook case: Dangote and BUA dominate, and we lead the continent on price despite having surplus capacity. South Africa's big three do something similar. Egypt, Algeria and Morocco (where CIMAF forces real competition) price lower because supply is either state-linked or genuinely competitive.

THE OWNERSHIP MAP HAS QUIETLY CHANGED

Most people are still arguing about this with outdated info. In the last 12 months:

- Lafarge Africa — still called a Holcim company by a lot of people — was actually acquired by Huaxin Cement of China in August 2025.
- Bamburi Cement (Kenya) went to Amsons Group of Tanzania in 2025–2026.
- Dangote Cement is still Dangote Industries.
- BUA is still BUA Group.
- CIMAF runs out of Morocco across West Africa.
- Heidelberg Materials still holds North/Southern Africa footprint.
- Suez Cement (Egypt) sits under Titan Cement International.
- Mugher (Ethiopia) is state-linked.
- PPC and AfriSam (South Africa) remain domestic.
- East African Portland Cement has been rising in Tanzania under Edha Nahdi.

The old "Holcim and Lafarge run African cement" story is dead. Chinese and Tanzanian capital now sit where European names used to be.

WHAT THIS MEANS IF YOU'RE A BUYER OR INVESTOR

Shipping finished bags across borders to arbitrage the price gap doesn't work — cement is heavy and low-value (about 1.5 tonnes per cubic metre), and freight plus handling alone eats $0.80–1.50 a bag before inland logistics finish the job.

Also correcting myself here — clinker moves across borders not because it's "higher value" than finished cement, it's actually the opposite. Clinker is the lower-value semi-finished input; it trades on bulk and shelf-life, not on value density.

The real openings are: clinker/grinding supply into deficient markets, energy-efficient kiln and packing tech into high-margin markets like Nigeria and DRC, agency deals with low-cost producers, and low-carbon certification once the EU's carbon border rules reach construction materials.

BOTTOM LINE

A documented glut plus a near-double-average retail price is the signature of pricing power, not scarcity. Ghana shows the alternative — prices actually falling because the market structure allows it. Nigeria's price doesn't have to stay this high if competition and distribution improve.

It's not the naira. The minister said so, and the currency moved the other way while prices climbed. The real question: in a country that makes more cement than it uses, why is the citizen paying almost double the African average?

Sources
- Guardian Nigeria, 7 July 2026 — "Despite glut, local cement price nearly doubles Africa's average"
- The Citizen (Tanzania), 9 July 2026 — cement prices toward Sh18,000
- CemNet, 26 June 2026 — Ghana cement inflation −14.5% YoY
- Billionaires.Africa, 3 June 2026 — Nigeria cement sector Q1 2026 profit
- eciks.org — Abdul Samad Rabiu comments on BUA pricing
- Exchange rate ₦1,382–1,425/$1, July 2026

If you have the real factory-to-retail landing cost, drop it. If your state buys cheaper or dearer than ₦15k, say so with location. If you're in the industry and can confirm or correct the ownership list, floor is yours.

We started buying at 1k5 till 13k as at Jan....15k no dey move us. We go even buy when it is 20k

Na tenants go suffer am

Forumobserver12:
Everyone understand that energy is very key to manufacturing in every country, however, some Nigerians manufacturers are taking local consumers for a ride..

Some years back, between 2010 and 2014, cement products like Dangote was selling far less in Ghana than what's being sold per bag in Nigeria then and you know the shocking thing here? These same Dangote cement were being exported to Ghana from Nigeria, so how can a product produced locally be sold cheaper abroad considering the export logistics, duty and tax they paid to export the product abroad?

This is something I personally withness then cos I was living in Ghana during this period and there's this K-Ofori cement depot very close to my house.

You have spoken of one of the country's biggest weakness which is massive.
The next is the way and manner locally producers are heavily taxed!
Transport cost is very high in Nigeria.
Lack of competition implies the few that are remaining are taking advantage of their monopoly.

Onewazobia:
Nigeria has a cheap labour, so also the locally sourced materials

You may have cheap labour but without consistent and affordable access to energy,without lower transport cost,without exorbitant taxes and lack of competition,prices will not reduce and more people will purchase imported products as it's far cheaper than that of local producers here in Nigeria.

Bizibi:
production is one but the main problem is multiple taxation on the companies,how can government be taking more than 40% from the big companies and you expect the company not to pass the burden to consumers.

Exactly.
The manufacturer attaches all these humongous expenses including cost of purchasing alternative source of energy and reflect it on the pricing.

lionshare:
With respect, that assumption is incorrect. How else do you explain Nigerian-made cement being exported and sold more cheaply in Ghana?

This isn't an assumption but a reality that we all will have to face.
Local producers don't have the needed edge because the cost of production is too high.
There is inconsistent electricity
Exorbitant taxes
Extremely high transport cost
Insecurity
Lack of competition as only few companies are managing to produce locally.

Have you wondered if dangote would also have to compete with another cement company selling less?

If we fix our problems,the prices will drastically reduce.

ZombieDredd:
So if raw materials are in your backyard, cost of production will be more expensive?

The equipment used to convert the raw materials finished products need energy.
The bagging needs energy
Do you have access to consistent and affordable energy or do you use an alternative which is very expensive?
When you are done with the bagging,you need to transport these products....last I checked,transport cost is over the roof.
The manufacturing company will be taxed by 10-15 different government agencies.
All these that I have mentioned will be inserted into the production cost.

bentenny:
This isn't an assumption but a reality that we all will have to face.
Local producers don't have the needed edge because the cost of production is too high.
There is inconsistent electricity
Exorbitant taxes
Extremely high transport cost
Insecurity
Lack of competition as only few companies are managing to produce locally.

Have you wondered if dangote would also have to compete with another cement company selling less?

If we fix our problems,the prices will drastically reduce.

Again, that claim isn’t supported by the data. You’re repeating a narrative that doesn’t hold up. I asked a simple question you haven’t addressed: why is Dangote selling Nigerian-made cement in Ghana cheaper than he sells it in Nigeria? If electricity, logistics, and other production inputs were truly that expensive in Nigeria, would it even be possible for him to offer a lower price in Ghana?
I don’t buy the “high cost of production in Nigeria” argument. Production costs, just like living costs, are often relatively lower in Nigeria than in many West African countries, largely because of the size of the market.
Nigeria has a real competitive advantage in cement production, unlike rice production. In principle, cement should be cheaper here than in many neighboring markets, even before you account for scale.

bentenny:
You may have cheap labour but without consistent and affordable access to energy,without lower transport cost,without exorbitant taxes and lack of competition,prices will not reduce and more people will purchase imported products as it's far cheaper than that of local producers here in Nigeria.

In context our cement should price cheaper

Onewazobia:
In context our cement should price cheaper

Far cheaper.
It would also be more cheaper if the FG invested more in gypsum mining(one of the raw materials used in producing cement) esp considering that the country where dangote imports it from a trying to limit foreigners.

kgr8mike:
At this rate we are heading no where

When Goodluck Jonathan was in Aso Rock, I bought 20 bags of cement N20,000 but today I am buying the same 20 bags at N250,000 in my area.

Question is: what changed? Why is Nigeria like this? Why is our country this way?

From N20,000 to N250,000 for the same quantity of cement. Oh my God!

I will never vote for incompetence. I will never!

If you are educated you should heard about subsidy removal from fuel which skyrocketed the price and cost of production of cement and not just cement alone but almost all what we buy all over the country...

So is not about voting wisely or not 🚫

Even if Atiku or obi remove d subsidy as they promised we will still experience what we are seeing today....

So just take d present situation as economy reality ..



But my question again is even when Jonathan was in power and when it's sold for that amount you said DID YOU PRAISE HIM THEN? OR SEE HIM AS MESSIAH THEN??

lionshare:
Again, that claim isn’t supported by the data. You’re repeating a narrative that doesn’t hold up. I asked a simple question you haven’t addressed: why is Dangote selling Nigerian-made cement in Ghana cheaper than he sells it in Nigeria? If electricity, logistics, and other production inputs were truly that expensive in Nigeria, would it even be possible for him to offer a lower price in Ghana?
I don’t buy the “high cost of production in Nigeria” argument. Production costs, just like living costs, are often relatively lower in Nigeria than in many West African countries, largely because of the size of the market.
Nigeria has a real competitive advantage in cement production, unlike rice production. In principle, cement should be cheaper here than in many neighboring markets, even before you account for scale.

Guy you are entitled to your opinion based on the limitations of data available to you.

As I have repeatedly opined,there are many circumstances that have enabled dangote sell cheaper to other countries.

This i stated clearly on the comments you mentioned.
Just because you don't buy the idea or don't understand the huge importance of production cost on pricing doesn't invalidate its impact.

Interestingly,in one of dangote recent interviews,he made an insinuation about some African countries (where dangote has his companies) offering him free lands and reducing their taxes just so that he can provide cheaper products for them.

Kingrshd3:
If you are educated you should heard about subsidy removal from fuel which skyrocketed the price and cost of production of cement and not just cement alone but almost all what we buy all over the country...

So is not about voting wisely or not 🚫

Even if Atiku or obi remove d subsidy as they promised we will still experience what we are seeing today....

So just take d present situation as economy reality ..



But my question again is even when Jonathan was in power and when it's sold for that amount you said DID YOU PRAISE HIM THEN? OR SEE HIM AS MESSIAH THEN??

Look if you want to say something just go ahead and say it but if you intend to insult yourself, I will not hesitate to give you the thunder that is due you and that education you are talking about. Nonsense!

For those saying things are expensive to produce in Nigeria, check the price of coca cola, Guinness stout, table water etc and compare to the places you think things are cheaper to produce, the places that sell cement cheaper

The government has over pampered the cement sector and if government does not care why should the companies seeking profit care? They produce in excess and sell cheap to neighbouring countries while keeping local prices high

ccollins:
Terrible wickedness of Nigerians to their fellow Nigerians. It's sad that many Nigerians do not see good things for being called Nigerians apart from the evil tribalism discrimination

wicked how
Do you reduce your salary to be kind to your boss or customer

You your not greedy abi

cyril10:
Nigeria has become an unfortunate Nation because of the greedy leaders that are leading the Country out of selfishness.