₦airaland Forum

kgr8mike:
Cement inflation is out of this world :

20 bags of cement is 250,000. That's outrageous.

Please you guys shout have mercy on fellow citizens.

The profits you are making is what for actually?

It is very unfair how these crooks extort the masses through price hikes.

LordLicifer:
These crooks do not sweat while making these billions, you think the owner of BUA cement sweats? What a ridiculous thinking.


You can't create any scheme that would ever match BUA cement with billions of naira in profit otherwise YOU would have created one yourself. What another ridiculous thinking. these crooks are in cohort with the corrupt govament to extort the masses through price hikes. No price control for the same batch of goods today they charge high price, tomorrow they charge higher, next week they charge even more higher. They have monopoly.

I suspect you have never ever bought a bag of cement before

Empty Barrel, go and create your own scheme to line your account with millions of Benjamin Franklins.

No prosperity for Lazy People.

favor914:
Empty Barrel, go and create your own scheme to line your account with millions of Benjamin Franklins.

No prosperity for Lazy People.

Is this all you have? Nothing sensible to add? Word of hoplessness.


I forgot i am responding to a successful billionaire like you who has created many many schemes that makes billions in profit. I am Sorry Boss! could you give me a job please?

Have you a business before in this climate? Have you borrowed money from banks with the current interest rate? Have you paid taxes running into hundreds millions while providing the infrastructure you business needs to keep running? Please think twice before making allegations that you cannot substantiate.

ViceGovernor:
They make all these gains as a result of unfair/unethical business practices and discriminatory pricing models.

There should be a price floor (minimum amount cement can be sold) and price ceiling (maximum amount cement can be sold).

That is an area where communism and socialism beats democracy, all business are fair and regulated by the state.

Their stock is doing well. I love it

U09ce:
I wholeheartedly support local industries like BUA and Dangote but there has to be a honest conversation around fair prices. In a country with deep housing deficits, affordable cement price is a key catalyst to expansion of the real estate segment of the economy.

What must have slipped the attention of many is that there is no proportional expansion of cement production lines compared to the increased utilisation of cement especially for roads. Most FG roads are now been built on rigid(concrete) pavement thus spiking cement demand. And when you have such increase in demand without commensurate adjustment in the supply side, there is a potential for price increase or manipulation. It's the job of the government to determine whether such supply gaps truly exist and how wide they are, and allow some controlled imports to balance the markets.

Government should have allowed bulk cement imports specifically for the road and other mega usage to stabilize the chaotic cement market. Of all the building materials. Obasanjo did it in his time. Likewise YarAdua also did same when Dangote wanted to try all this his nonsense with him. Trust YarAdua, a no nonsense President. Those days, cement used to be the most stable and predictable in terms of costing. But just look at how the cement market is now. Its terrible.

You are making excuses for those people, you are probably among those benefiting from them.

Any profit that exceeds a certain threshold is illegal, in every country of the world except Nigeria.

Look at a bag of pure water for example, some people will buy 1 bag for 250 from the factory and sell that same bag for 500+ naira that is more than a hundred percent profit margin, it is criminal and that is the exact thing those companies declaring astronomical profits are doing.

It is caused by the weak labour union and the mass lawlessness bedeviling our country.

Graciousnaija:
Have you a business before in this climate? Have you borrowed money from banks with the current interest rate? Have you paid taxes running into hundreds millions while providing the infrastructure you business needs to keep running? Please think twice before making allegations that you cannot substantiate.

Nope, nobody does that but a profit margin above 100 percent of the cost of production should not be allowed.
How do you think those companies keep declaring record profits year after year?? They're exploiting you and I that's what they're doing.

Since you eat from their table I expect you to defend them with all your might. Not surprised there.

DeOTR:
I believe you're doing business and giving it out to your customers without intent to make profit.

I'm glad people are beginning to wake up.
Something has to be done especially for goods that determine the economy like fuel ⛽ it is very important they get a stable and consistent price for it, also for food and cement.

LordLicifer:
Yep! Absolutely! these billions in profit doesn't benefit the masses rather it is money that had been extorted from the masses by hiking price of goods. There are no control of prices of goods in nigeria, today they charge what want, tomorrow the charge more, next week they charge even more, even though it is the same batch of goods. It is eye wateringly sad.

ViceGovernor:
I'm glad people are beginning to wake up.
Something has to be done especially for goods that determine the economy like fuel ⛽ it is very important they get a stable and consistent price for it, also for food and cement.

How many people are waking up though? Maybe, you and I, the rest have been defeated. One commenter on here even told me to go and set up my own company and make profits too. Have you read some of their hopeless comments on here?

Graciousnaija:
BUA CEMENT PROFIT JUMPS 80% TO N324.9BN ON COST DISCIPLINE, NEW MARKETS ENTRY



https://politicsnigeria.com/2026/07/24/bua-cement-profit-jumps-80-to-n324-9bn-on-costs-discipline-new-markets-entry/

Nigerians are really suffering in the hands of these capitalists

LordLicifer:
How many people are waking up though? Maybe, you and I, the rest have been defeated. One commenter on here even told me to go and set up my own company and make profits too. Have you read some of their hopeless comments on here?

Some comments I read above totally switched off my light.

There's still much work to be done in opening people's eyes.

kgr8mike:
Cement inflation is out of this world :

20 bags of cement is 250,000. That's outrageous.

Please you guys should have mercy on fellow citizens.

The profits you are making is for what actually?

During Jonathan 20 bags is N20,000 @ 200/$
Which means N20, 000 = $100

So at N1500/$ , 20 bags is supposed to be around N150,000. While sale N250,000. This is wickedness.

Bags. GEJ@200/$. @1500/$. Price

20 N20,000. N150000 N250,000

80. N80000. N600,000. N1M

360. N360,000. N2.7M N4.5M
Etc

The outrageous inflation on cement is unexplainable.

If you are buying 360 bags you spend N4.5M to buy it instead of N2.7 at N1500/$ compared to Jonathan time and taking dollar inflation into consideration.

Honestly all these blood you are squeezing out of Nigerians in the name of profit will not do any one any good.

During Jonathan tenure:
Minimum was ₦18,000
Nigerian GDP nominal per capita was above $3,000
Dollar was around 180
Note: The higher minimum wages in naira, the higher prices of goods and services in naira and lesser the quantity of goods and services the minimum will afford.
This is the basic monetary economics Nigerians have refused to learn and understand and will keep suffering for it.

NwokoloOwa:
Government should have allowed bulk cement imports specifically for the road and other mega usage to stabilize the chaotic cement market. Of all the building materials. Obasanjo did it in his time. Likewise YarAdua also did same when Dangote wanted to try all this his nonsense with him. Trust YarAdua, a no nonsense President. Those days, cement used to be the most stable and predictable in terms of costing. But just look at how the cement market is now. Its terrible.

So the importation of bulk cements are immune to draconian tax laws implemented by the same the government?

ViceGovernor:
You are making excuses for those people, you are probably among those benefiting from them.

Any profit that exceeds a certain threshold is illegal, in every country of the world except Nigeria.

Look at a bag of pure water for example, some people will buy 1 bag for 250 from the factory and sell that same bag for 500+ naira that is more than a hundred percent profit margin, it is criminal and that is the exact thing those companies declaring astronomical profits are doing.

It is caused by the weak labour union and the mass lawlessness bedeviling our country.

Why not go and buy a bag of water from the factory ₦250 and sell it ₦251 and call labour unions to pay rent when it is due.

nickxtra:
Nigerians are really suffering in the hands of these capitalists

No, Nigerians are suffering in the hands of communists they used tribe and religion to vote into power every four years.

Dogalmighty17:
80% increase in profits! In less than a year! Tell me which other country on earth permits this kind of broad daylight robbery?
A 50kg bag of cement sells for 4500 naira in China, 5000 naira in Egypt and 7000 naira in South Africa.

There is nothing that justifies the prices these thieving local companies selling cement for in Nigeria. A serious government should fling open import licences for cement so that cheaper cement sources can be accessed.

The countries you mentioned, the government subsidizes and taxes minimally compare the Nigerian where to government is looking for new ways to increase taxes and remove subsidizes.

Benefactor of the rotten exploitative system will always rush to defend their daily bread 🍞, I don't hold it against you sir.

You miss the point entirely, if there were laws governing pricing of goods and services nobody will be making more than a hundred percent profit including those putting up apartments and shops for rent.

Focus on the message not the messenger.

Gboss247:
Why not go and buy a bag of water from the factory ₦250 and sell it ₦251 and call labour unions to pay rent when it is due.

Lanretoye:
Can you imagine in a country where there is grave housing deficit…capitalism do well for our country

Communists have a way of shifting there failures on capitalist

ViceGovernor:
They make all these gains as a result of unfair/unethical business practices and discriminatory pricing models.

There should be a price floor (minimum amount cement can be sold) and price ceiling (maximum amount cement can be sold).

That is an area where communism and socialism beats democracy, all business are fair and regulated by the state.

You subsidy government but support ls the government that removes it calling it free money for the rich

Helinuss:
Profit or ripping nigerians of their sweat

This is not right. Bring down the prices of these products

Do we have governemnt at all?

It is these elite agaisnt the masses. Government not balancing things at all cause of kick backs

Bring it down as your government is increasing taxes and removing subsidies?

Na English you dey type so?

No give me migraine abeg type your ibile I go understand.

Gboss247:
You subsidy government but support ls the government that removes it calling it free money for the rich

Gboss247:
So the importation of bulk cements are immune to draconian tax laws implemented by the same the government?

Nope. But it will create some control just like we experienced with rice which headed to 100k/bag until government lifted the ban on importation of rice.

The announcement alone of the lifting of the ban crashed a bag of rice to about 70k and further stabilized it around 50k/bag. Every nation including the very developed countries have mechanisms for controlling skyrocketing prices and huge profiteering of some basic and strategic commodities even when running a largely market driven economy.

NwokoloOwa:
Government should have allowed bulk cement imports specifically for the road and other mega usage to stabilize the chaotic cement market. Of all the building materials. Obasanjo did it in his time. Likewise YarAdua also did same when Dangote wanted to try all this his nonsense with him. Trust YarAdua, a no nonsense President. Those days, cement used to be the most stable and predictable in terms of costing. But just look at how the cement market is now. Its terrible.

Indeed. The industrialists are taking their consumers for granted because they have a strong leverage within the corridors of power

kgr8mike:
Cement inflation is out of this world :

20 bags of cement is 250,000. That's outrageous.

Please you guys should have mercy on fellow citizens.

The profits you are making is for what actually?

During Jonathan 20 bags is N20,000 @ 200/$
Which means N20, 000 = $100

So at N1500/$ , 20 bags is supposed to be around N150,000. While sell N250,000.? This is wickedness.

Bags. GEJ@200/$. @1500/$. Price

20 N20,000. N150000 N250,000

80. N80000. N600,000. N1M

360. N360,000. N2.7M N4.5M
Etc

The outrageous inflation on cement is unexplainable.

If you are buying 360 bags you spend N4.5M to buy it instead of N2.7 at N1500/$ compared to Jonathan time and taking dollar inflation into consideration.

Honestly all these blood you are squeezing out of Nigerians in the name of profit will not do any one any good.

During Jonathan's time, oil prices were consistently at an all time high, and debt servicing was low because of a debt forgiveness some years earlier.

So, we had the doolars to make the economy look good.

Tinubu is just GEJ without dollars.

This is not praise for both men. It is me telling you that the foundation of the nigerian economy, since independence, has been built on sand. The sand of forex from exporting raw materials. Not the rock of domestic manufacturing.

And the same thing has happened over and over again


And the funny thing is, regarding cement, people have been complaining about it for decades.I can recall my grandfather in 1991, when cement would have been around N20-30 complaining about the price, and talking about the good old days of Gowon, when cement was about 11 kobo per bag!

When cement is cheaper in Dubai than Nigeria

Nigerians are angry at BUA's profits; the same people are against the importation of cement.

oh boy!🙄

ViceGovernor:
Benefactor of the rotten exploitative system will always rush to defend their daily bread 🍞, I don't hold it against you sir.

You miss the point entirely, if there were laws governing pricing of goods and services nobody will be making more than a hundred percent profit including those putting up apartments and shops for rent.

Focus on the message not the messenger.

One of the laws or policy that governs pricing is subsidy and Nigerians always support to the government to remove subsidy.

ViceGovernor:
Nope, nobody does that but a profit margin above 100 percent of the cost of production should not be allowed.
How do you think those companies keep declaring record profits year after year?? They're exploiting you and I that's what they're doing.

Since you eat from their table I expect you to defend them with all your might. Not surprised there.

The same company made a loss last year. I don't think there had been any price change since last December.
There are some structural changes you'll make in your business that'll make it possible for you to make almost 100% profit. That doesn't mean you'll throw that away because someone is not happy.
When you expand capacity and increase your market share, you'll make more profit. They took loans to execute all those projects, they'll need to pay back too. Running a business is different from charity.
You think companies like coca cola and Guinness survive till this day doing all those things in your mind?