Good move... I need start foundation and if this is sustained for a a year or 2... I don get one small house be that.. then I can start saving for a bigger one.

Great news.
I want to believe it's not a greek gift though.

sleekpro:
And someone will come here and say GEJ is not working.

If the big shots like dangote and innoson can see a bright futur in GEJ, then who ever say GEJ will not continiue with his good work,
#shouldgoanddie

GEJ till cement comes down to 250 per bag
#freshair

I don't understand. Is Jonathan a shareholder in DANGCEM?

Dangote Group knows what it is doing

Slash the price to the price all oda competitors can't afford to sell. By doing dt, u will kill their business. By doing dt, u will kill competition and start monopoly. After all competitors are gone, u can now sell three times the former price.

Go on Dangote.. . Kill competitors and let cement monopoly commence. Nice business strategy

no nw, it stil cost jawe... 5h stil make sense jor

ducii:
Africa’s largest cement producer, Dangote Cement Plc has slashed local cement prices to N1,000 ($6) and N1,150 ($7), for different grades. The cement giant is keen to consolidate its position as not only Africa’s top cement maker, but the leading provider in the continent’s largest economy, Nigeria.

The current market price for a 50kg bag of the 32.5 grade and 42.5 grade retails for N1,700 ($10.3), 40 percent higher than Dangote’s latest offer.This is the lowest cement price offered consumers since 2005, and ups the ante in what is considered one of the continent’s more competitive markets.

Group Managing Director of Dangote Cement, Devakumar Edwin said the price cut was aimed at supporting the government’s ongoing effort to shrink housing deficit, which currently stands at an estimated 17 million.

“One of the ways of addressing the issue (huge infrastructure and housing deficit) is bringing the price of building materials down to much more affordable levels, especially cement, which is within our own control as part of our contribution to the transformation agenda of the President Goodluck Jonathan administration and the attainment of key milestones in the Millennium Development Goals,” Edwin said.

Since the backward integration policy for cement was implemented in 2002, local production capacity of the product has increased from less than 3 million metric tonnes per annum to about 38 million metric tonnes per annum, and nearly $20 billion has been injected into the Nigerian cement industry with Dangote – Africa’s richest man and owner of the Dangote Group – accounting for 60 percent of that investment.

With market capitalization surging beyond $22 billion, Dangote Cement is Nigeria’s most capitalized listed company and the first to hit $20 billion capitalization mark.

http://www.ventures-africa.com/2014/11/dangote-offers-nigerians-lowest-cement-price-since-2005/

Dangote, one of the biggest enemies Nigeria has. Always supporting corrupt Govt after Corrupt Govt with his antics especially during election time.

Frankenstein:
In summary, it's a business strategy focused on eliminating competition and maximizing profits. But this time, it favours the consumers.

Am proud of you, when l first saw the news, the very first thing that came into my mind was one thing, "Elimination of competitors" by crashing the prize below production cost prize, that will simply force other competitors out of the game.
After that laying off other competitors, been the only man standing, he will then fix the prize (Monopoly).

Indeed a good business strategy.. it will win less time to make more profit.. time na money..

femidejulius:
Dangote Group knows what it is doing

Slash the price to the price all oda competitors can't afford to sell. By doing dt, u will kill their business. By doing dt, u will kill competition and start monopoly. After all competitors are gone, u can now sell three times the former price.

Go on Dangote.. . Kill competitors and let cement monopoly commence. Nice business strategy

and you think the competition will not come right back into the market.

..blah blah.. post election price jacks up again!?

I know when the right team starts governing us, all these will stop.

Nigeria will free, Nigeria will be great! Nigeria will flourish again!

ducii:


and you think the competition will not come right back into the market.

Only time will tell

femidejulius:


Only time will tell

Yea only time will tell

Nice one Mr Dangote for standing by our amiable President GEJ unlike some political eidiots.
This is what the people need, to enable them start and complete their structures on time without trying to cut corners.
Next should be petroleum products.

GEJ TILL 2019

lanrefront1:


Then you do not fully comprehend the strategy. After the competition may have been wiped because of inability to compete, then the price will go back up. It may even go past the now N1700.

So you better start building now so when the price eventually goes up again (not soon though) you won't need one. Then drop in demands will force down the price.

kernel504:


Am proud of you, when l first saw the news, the very first thing that came into my mind was one thing, "Elimination of competitors" by crashing the prize below production cost prize, that will simply force other competitors out of the game.
After that laying off other competitors, been the only man standing, he will then fix the prize (Monopoly).

then after fixing the price the competitors will come back. simple. Remember that this price slash is not inclusive of VAT. Maybe Dangote doesn't have a sinister motive behind this. Why are we Nigerians always so cynical?

abacus:
..blah blah.. post election price jacks up again!?

I know when the right team starts governing us, all these will stop.

Nigeria will free, Nigeria will be great! Nigeria will flourish again!

For your dream egbon, naija don kpafuka even since 1914, na scatter scatter jungle be this, since we started existing as a nation, we never make better brain, na only manage we dey manage, we just wan mk dem patch am for us, make we dey manage am like that.

We go manage am till "to your tents O' Israel".
Everybody go go develop his village.

PDP and their strategies

major466:
Welcome development. Soon the price will fall to 500 per bag.

in your dream

Mamaflex:
What about those that already have in stock ?

gbese nla

What is mr. president no 1 priority between National security and PDP security?

1:Mr. President lose Mubi &keeps quiet,
no emergency meeting,no emergency call to CDC, IGP & DSS BOSS nothing changed & No statement from Aso rock

2: PDP loses the speaker of the house of reps to the opposition & all hell brake loose. He called emergency meetings with PDP chairmen, governors, members of Nass & acts by removing Tambuwal's security details. He called IGP, AGF, SANS & many more.

APC BBM Channel Pin: C00462FB9
www.pin.bbm.com/C00462FB9

iamodenigbo1:
na to buy and stock incase

buy stock till all cakes in your store

jojomario:
gbese nla

sleekpro:
And someone will come here and say GEJ is not working.

If the big shots like dangote and innoson can see a bright futur in GEJ, then who ever say GEJ will not continiue with his good work,
#shouldgoanddie

GEJ till cement comes down to 250 per bag
#freshair

lol,while not wait until it becomes 5naira per bag.

Frankenstein:
In summary, it's a business strategy focused on eliminating competition and maximizing profits. But this time, it favours the consumers.

Your head is completely correct!

jojomario:
buy stock till all cakes in your store

no wahala bro

Whatever reasons they have , lower cement prices is a welcomed idea

Dangote fears Buhari a lot. He is trying everything possible for Jona to stay in power. Dangote knows Buhari won't let him to monopolize the Nigerian economy.

I know it has a hidden agenda.


Get MTN data at reduced prices

Ok, wen the price of a tipper of sand is 1k too pls let me knw asap.

I dnt undstnd