₦airaland Forum

Everyday in Nigeria, over 13millions bags of cement are used,
There is always a demand for it.
As the demand on cement are getting high, and price across the nation is over N4000 per bags.
What I think should just be less N1500 per Bags if we have so much competitions.

We have only 5 major companies doing cements in Nigeria: Dangote cement, Lafarge Cement, Ashaka Cement, BUA cement and Unicem . But only three are popular, Dangote, Larfarge, and BUA.
But why can't our other billionaires invest in these lucrative business .
Cement business will last forever, because millions of houses are built daily, and no technology will be substitute for it, unlike other businesses.

Because we don't have credible Engineers in Nigeria that can execute major construction in Nigeria hence the contracts been awarded to foreigners

RuudVanNistroy

ENGINEERG:
Everyday in Nigeria, over 13millions bags of cement are used,
There is always a demand for it.
As the demand on cement are getting high, and price across the nation is over N4000 per bags.
What I think should just be less N1500 per Bags if we have so much competitions.

We have only 5 major companies doing cements in Nigeria: Dangote cement, Lafarge Cement, Ashaka Cement, BUA cement and Unicem . But only three are popular, Dangote, Larfarge, and BUA.
But why can't our other billionaires invest in these lucrative business .
Cement business will last forever, because millions of houses are built daily, and no technology will be substitute for it, unlike other businesses.

.

We only have 3.5 cement companies in nigeria.
The rest are subsidiaries to the big three.
Ibeto is not serious about cement production.