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

U'r a fool! Se person wey neva chop na hin wan buy cement or buy motor...

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

U'r a fool! Se person wey neva chop na hin wan buy cement or buy motor...

johnlegend01:
Nigerians are the most gullible I have seen.

Those of you praising Dangote and Jonathan will come back here to curse them when you can't afford that same commodity at #2,200 per bag come March 2015.

You really think Dangote is that daft? He does nothing just for the sake of it or for the sake of Nigerians, he is only after his own pocket, fame, power and influence. I respect his strive actually, he is super industrious.
Anyway, in a nutshell, Dangote will get his money back later.

F00l , he is not losing money. At N1000 he will still be making profit. He simply chose to reduce his profit to help the masses. Afterall, he is already a very wealthy man.
Cement in Nigeria is outrageously overpriced. Their major excuse has always been the cost of powering the plants. We expect the price to even fall further once the power situation and reforms,thanks to GEJ, translates into improved power supply. That a company reduces it's prices does not mean it's making losses.

simple complement and commendation can take us far as a nation. Let's believe in our selves. I am impressed in this kind gesture. God bless Dangote.

Mamaflex:
What about those that already have in stock ?

soak and drink it

tit:
so the price is no longer determined by supply and demand?
mumu full for we side.

Cement price in Nigeria has never been determined by supply and demand. It has always been a SUPPLY side monoploy. Ever wondered how Dangote became so filthy rich ?. He is doing us and the govt a favour by deciding to crash the price. It was a promise he made to GEJ.

Chinom:



F00l , he is not losing money. At N1000 he will still be making profit. He simply chose to reduce his profit to help the masses. Afterall, he is already a very wealthy man.
Cement in Nigeria is outrageously overpriced. Their major excuse has always been the cost of powering the plants. We expect the price to even fall further once the power situation and reforms,thanks to GEJ, translates into improved power supply. That a company reduces it's prices does not mean it's making losses.

DEM DEY BOBO YOU AND GIVE YOUR BANANA MAKE YOU CHOP... YOU COLLECT CHOP... NEXT NA MONKEY MEAT DEM GO GIVE YOU NA... YOU NA GO COLLECT... Last election i could still remember 3weeks before election d fool drunker GEJ promise the cement price will reduce to 1,000 once he become the president.. After he become the president 2week later he was with mr dangote an tour up to 3 Nation which was award a multi billion Dollas project can't get the real source but you can read from this link

www.elombah.com/index.php/special-reports/3-news/newsflash/8381-dangote-to-build-cement-plant-in-ethiopiajonathan-on-a-three-nation-tour-v15-8381


m.thenigerianvoice.com/mobile/71419/1/jonathan-embarks-on-three-nation-tour.html

ducii:
The True Reason Why Dangote Slashed Cement Prices Revealed

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/

If you like slash the price to N50. One certain thing I know is that by the time GMB become president of this country your wing will be casted by braking that your monopoly. By then we will buy it for N10.
Those who don't know you will go on street to celebrate and call it GEJ agenda.

This shows how the so called richest man has been extorting the poor masses all this while. It is irresponsibility on the part of the fg to have allowed the masses suffer so much from the rich.
Those saying "thank u dangote" are just being ignorant. Go to a country like Gambia, the price of a bag of cement has always been less than an equivalent of N1000 till date. THE RICH ARE JUST FEEDING FAT ON THE POOR AND NO ONE CARES, NOT EVEN THE SO CALLED GOVERNMENT. SMH.

A big thanks goes to MR. Aliu Dangote! "You've shown that you are a human and not a greed".
This goes to MR. President, "sir what about the price of fuel, is the subsidy of a thing not yet over? When are we gonna have the price of fuel brought back to 65 naira per litre or even lesser?"

Will govt compensate cement dealers who commits suicide as a result of this development? The reason is because some are contemplating this and who will foot their funerals? In my area alot of these dealers has hoarded hundreds of tonnes of these commodity.

DEM DEY BOBO YOU AND GIVE YOUR BANANA
MAKE YOU CHOP... YOU COLLECT CHOP... NEXT NA
MONKEY MEAT DEM GO GIVE YOU NA... YOU NA GO COLLECT AM CHOP NA EBOLA B DAT ... Last election 2011 i could still remember 3weeks before election d fool drunker GEJ promise tht cement price will reduce to #800 then once he become the president.. After he bcome the president weeks or months later he was with mr dangote and tour 3 Nation which mr Dangote was award a multi billion Dollas project... source but you can read from this link

www.elombah.com/index.php/special-reports/3-news/newsflash/8381-dangote-to-build-cement-plant-in-ethiopiajonathan-on-a-three-nation-tour-v15-8381

Dreyl:
I can see the fresh air.

So, u r jus SEEING n not FEELING d fresh air. I wil advice u to go for CHANGE or else u r on a LONG THING.

A rite thinking man s working, d clueless ones r attributing hs success to their clueless master! W@ happens to our West African Portland Cement?
#GodSaveNigeria

Good news...others should follow suit...transformation on course...

Abeg. Somebody should update me when the price becomes 1k at cement outlets. I rushed there today to buy but I was told its still 1,650 oooo

On Point......

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

should we say it is political?
about two month to presidential election!
hope GEJ will not ask him to return the price to #5000 only if he win the election?

This is crafty wickedness, Dangote up till 30th of October, offered distributors a promo with a discount, making many people especially new investors and young unemployed youths to run in and start cement business borrowing money to buy large stocks taking advantage of the dry season with a hope to sell fast only for him to crash down prices within a week and not considering the sellers who have heaped up large stocks!

Secondly Dangote had for several years been producing 32.5 grade cement only, which had been used for all construction till his company was able to start ''producing'' the new high grade one and all of a sudden are trying to discredit the previous as low grade and largely unsuitable knowing that only this type is produced by other cement manufacturers in Nigeria.

Thirdly, this stunt is aimed at making Gej govt look good but the actual aim is to gain full monopoly of the Nigerian cement market and make all other competitors run under and Gej being a dullard cannot read between the lines. So if you or any of your friends and family currently work with lafrage, unicem, that cement company in calabar . . . etc. You or them might soon be unemployed as Dangote is more of an importer and re-bagger of cement than a producer as he has the sole importation licence given to him by PDP govt knowing that it is cheaper to import cement from Asia than to produce in Nigeria.

On the other hand, I can now selfishly continue building my castle while a multitude of negatively affected Nigerians weep

emmygzy:
GEJ(peace be upon him) is the best president nigeria has ever had. Bleep all this northern fools.GEJ(peace be upon him) till _____ fill in the gap.

I'll advice you think before you talk, Aliko Dangote your presidents asumed saviour happens to be one of the "northern fools"

onihaxy:
Abeg. Somebody should update me when the price becomes 1k at cement outlets. I rushed there today to buy but I was told its still 1,650 oooo

Feel ya pain bro. Me self enter area make I confirm. The woman say dem never hear. In reality that price will remain at 1750 for the masses because why ? Only those wey dey go depo fit buy at 1k. The ones for my area say na old stock them get


Till 2015 cement price will remain 1750 quote that I said it . the real masses won't benefit from the slashed price. So all those saying thank you dangote. Na your right. Those wey dey thank Jona. Una no get foresight

ducii:
The True Reason Why Dangote Slashed Cement Prices Revealed

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/

@PO YOU ARE FULL OF MISCHIEF,YOU MANIPULATE THE NEWS CONTENT AND COME UP WITH YOUR skew HEADINGS!

Marginal firms will now rush out of the industry and this will lead to a leftward shift in the supply curve. At this point, Dangote is making a normal profit cos average revenue will be equal to average cost. A time will come when the price will be adjusted and the firm will revert back to making abnormal profit. At this point, marginal firms will rush back to the industry.

khattab02:
really? That will be a dream come true.

Wow i never knew people dream about the price of cement

Chinom:



F00l , he is not losing money. At N1000 he will still be making profit. He simply chose to reduce his profit to help the masses. Afterall, he is already a very wealthy man.
Cement in Nigeria is outrageously overpriced. Their major excuse has always been the cost of powering the plants. We expect the price to even fall further once the power situation and reforms,thanks to GEJ, translates into improved power supply. That a company reduces it's prices does not mean it's making losses.

I v alway§ bin expecting d price of Cement 2 fall cos diaris no way local production will exceed local demand n local price will nt fall, Dangote is simply a businessman dat knoz wot 2 do per time. Survival of d fittest is d name of d game it use 2 b 50 naira per minute call bt now wt cloz 2 200million lines as a network provider if u must survive u v 2 drop ur price I c d price still goin down cos oda competitors will v 2 react mind u wen supply is higher dan demand its natural 4 price 2 fall. Mind u nigeria no longer import cement rada we export cement 2 oda african countries I go still wait small till june 2015 by den d price fit don fall 2 500naira

rattlesnake:
So one man determines our destiny

Too bad. That's capitalism for you. No balance.

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

Keep calm my friend,why do u think dangote is the largest cement producer? d government is by his side and have made policies that will not favour other local investors.u never seem to understand that a change in government will not only bring about more investors back eg lafage et al (elephant cement),but will make d cement market anti-monopolystic market.
This is just a means to pay GEJ same way innoson did.
My brother yara,this time GEJ cant tell us he has no shoes.

Nice one

Rushing out to buy 1 trailer load.

Dangote is starting a price war, becos other competitors will definitely react. If only they will consult me...

my own option is that we are just there der has person not a citizen.

for your mind cement to 250.
just wait unti and see for your self next year march.
3k i promise you that we be the prize of cement to cover back der money.

kreamstaff:
This is crafty wickedness, Dangote up till 30th of October, offered distributors a promo with a discount, making many people especially new investors and young unemployed youths to run in and start cement business borrowing money to buy large stocks taking advantage of the dry season with a hope to sell fast only for him to crash down prices within a week and not considering the sellers who have heaped up large stocks!

Secondly Dangote had for several years been producing 32.5 grade cement only, which had been used for all construction till his company was able to start ''producing'' the new high grade one and all of a sudden are trying to discredit the previous as low grade and largely unsuitable knowing that only this type is produced by other cement manufacturers in Nigeria.

Thirdly, this stunt is aimed at making Gej govt look good but the actual aim is to gain full monopoly of the Nigerian cement market and make all other competitors run under and Gej being a dullard cannot read between the lines. So if you or any of your friends and family currently work with lafrage, unicem, that cement company in calabar . . . etc. You or them might soon be unemployed as Dangote is more of an importer and re-bagger of cement than a producer as he has the sole importation licence given to him by PDP govt knowing that it is cheaper to import cement from Asia than to produce in Nigeria.

On the other hand, I can now selfishly continue building my castle while a multitude of negatively affected Nigerians weep

many of you just like to write nonsense, ignorant stuff and pose as if you know any better. In this country, the only Cement Company that can boost of manufacturing it's own cement full time is Dangote and that is why he can afford to slash price by 40% and still remain in business. He is not just looking at the Nigerian cement market, he is in Ghana, Senegal, Togo and other African Markets...... Stop writing rubbish, have you been to his Ibeshe or obajana plants....... Kid don't just Wright ignorantly.