Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production - Properties (3)

Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production - Properties (3) - Nairaland

Nairaland Forum › Nairaland General › Properties › Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production (26861 Views)

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Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by elmessiahs(m): 7:25pm On Mar 17, 2021

Monopoly

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Nobody: 7:26pm On Mar 17, 2021

mytalentlyng:
The answer is very simple. Monopoly. When you monopolised a commodity for 1 or 2 people what do you expect? Could this be a country? Minister begging manufacturer to bring down price of a commodity that just one policy will bring the price down automatically. Keep begging!

This is what you call state capture, once he gains monopoly of the refinery industry, the country has officially changed to Dangote PLC.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Philipxxxx0: 7:29pm On Mar 17, 2021

lamicruz:
Because Dangote calls the shot

let he go to Ghana cant and meet competitors, and we will see if he will succeed

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by airsaylongcome: 7:30pm On Mar 17, 2021

Mikecold:
The only time he faced an open market Noodles he ran for his quota life

Lol! His fingers were burnt to ashes in that vertical. Roasted by De-united.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Jimmyubah2: 7:37pm On Mar 17, 2021

Mikecold:
The only time he faced an open market Noodles he ran for his quota life

No be lie. I blame Obasanjo for this. His govt back then gave dangote that Monopoly in the cement industry.

1 Like

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Dantedasz(m): 7:42pm On Mar 17, 2021

The Nigerian economy is deliberately built on monopoly. The Federal ministry of Finance deliberately create monopolies to benefit their cronies and acolytes in order to create immediate billionaires.
The modus operandi is to skew the production and importation of goods in favour of their friends through tax/ duty waivers.
A bag of cement costs anything between N3,700 and N4,200 because the government through the Finance ministry has created an uneven environment in which a group of monopolistic individuals have succeeded in having a vice like stangle hold on the necks of all builders and customers.
The same monopolistic environment is being prepared in the petroleum industry where the government of the day has deliberately left its four oil refineries to go to the dogs while maliciously allowing an individual to build a monopolistic refinery at Lekki. When the Lekki refinery comes into play the price of petroleum products especially petrol will shoot through the roof the same way this individual has maliciously raised the price of cement.
The petrol situation is just a deja vu waiting to happen!

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Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by harjay1986: 7:52pm On Mar 17, 2021

RuudVanNisteroy:
https://www.vanguardngr.com/2021/03/minister-decries-high-price-of-cement-in-nigeria/

Honorable Minister off you fucking mic, when una increase, the tax on a bag of cement to be more than sales price una dont know

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by asobo1: 7:53pm On Mar 17, 2021

Mikecold:
The only time he faced an open market Noodles he ran for his quota life

You forgot to add tomatoes paste.

1 Like

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by harjay1986: 7:53pm On Mar 17, 2021

Dantedasz:
The Nigerian economy is deliberately built on monopoly. The Federal ministry of Finance deliberately create monopolies to benefit their cronies and acolytes in order to create immediate billionaires.
The modus operandi is to skew the production and importation of goods in favour of their friends through tax/ duty waivers.
A bag of cement costs anything between N3,700 and N4,200 because the government through the Finance ministry has created an uneven environment in which a group of monopolistic individuals have succeeded in having a vice like stangle hold on the necks of all builders and customers.
The same monopolistic environment is being prepared in the petroleum industry where the government of the day has deliberately left its four oil refineries to go to the dogs while maliciously allowing an individual to build a monopolistic refinery at Lekki. When the Lekki refinery comes into play the price of petroleum products especially petrol will shoot through the roof the same way this individual has maliciously raised the price of cement.
The petrol situation is just a deja vu waiting to happen!

thank yu sir, they increase the tax per bag close to 2000 naira and you still want the product to be cheap

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by emapeteum(m): 7:56pm On Mar 17, 2021

Average Nigerians who believe that Dangote has so much for the country find it difficult to think beyond their nose. Dangote is actually carrying out a secret plan for Jihad that would be executed against the Christians for years to come. See what is happening in Kwara State: when Muslim are a minority, they seek the equal right but the majority, they want to force their beliefs down your throat. Dangote is an exploiter favoured by this Northern government for a purpose.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Dotherightthing: 8:01pm On Mar 17, 2021

It's cheaper to import than to produce something in Nigeria.

What an aberration! angry

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Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by ceaser: 8:07pm On Mar 17, 2021*

Nigerian elites and manufacturers are good at establishing cabals. That is what happened to the case of cement. The cement cabals fix prices of the commodities so that you only get to buy it at exorbitant prices. Therefore the concept of competition is defeated as the "competing" manufacturers actually connive with 'emselves to frustrate the end user with price hike.

This is what is gonna happen to PMS when it is eventually "fully deregulated" as the government claims it needs to do - after several repeated claims of "full deregulation" over the past 2 years of their second term tenure.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Yankee101: 8:13pm On Mar 17, 2021

Dangote and BUA milking Nigerians

Open the borders and flood the market if they won't pass on the near monopolistic edge they've been given

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by adeoba2008(m): 8:35pm On Mar 17, 2021

Although Lafarge leads the cement market but Dangote still dictates the price for no reason.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by adeoba2008(m): 8:36pm On Mar 17, 2021

adeoba2008:
Although Lafarge leads the cement market but Dangote still dictates the price for no reason. The same thing will happen to our oil very soon

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by chloride6: 8:41pm On Mar 17, 2021

Stop begging and start acting...

Pass an anti trust law.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by vineyardfarms: 8:49pm On Mar 17, 2021

RuudVanNisteroy:
https://www.vanguardngr.com/2021/03/minister-decries-high-price-of-cement-in-nigeria/

Mr Minister, tell your president that dangote is a threat to the economy of nigeria. You where warn by USA about dangote sharp business practices.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by themanderon: 8:53pm On Mar 17, 2021

Dangote and his cabals chased all competitors out of the market so himself and Rabiu can have a stranglehold over the cement industry. You should ask him why the price of cement is the way it is. He is coming to do same to the petroleum industry so just watch out. Petrol may one day sell for N1000/L in this Nation.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by stormborn28(m): 8:53pm On Mar 17, 2021

The useless zombies will come here to praise a dull president

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Djikot: 8:54pm On Mar 17, 2021

I remember when 5star cement owned by a Chinese came into the scene, he was a strong competitor In d market and the price of cement was forced to less than 2k, dangote cement sold at 1.5k as that time but it didn't take the government long to shut the company and halt their importations. Soon as they went down dongote cement price triggered again. Shame on the FG of this country.

BeeBeeOoh:
Honestly, but that can never happen when Buhari and his kitchen cabinet shut Ibeto cement and halted shipment for unknown reason(s). Dangote is nothing without FG's backing.

That's to show you he's not a businessman but, a monopolist. Quota system has really finished Nigeria economically, politically and otherwise.

1 Like

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by naijadrivablog: 9:03pm On Mar 17, 2021

Nigeria is a theatre of the absurd.

Black people are very wicked!

Call it racism, I am black too.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Businext: 9:05pm On Mar 17, 2021

#SayNoToMonopolies

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Cynocefaal: 9:19pm On Mar 17, 2021

RuudVanNisteroy:
https://www.vanguardngr.com/2021/03/minister-decries-high-price-of-cement-in-nigeria/

Just watch this...he's going out

That guy will be replaced within a few months

2 Likes

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by lexy2014: 9:24pm On Mar 17, 2021

Mikecold:
The only time he faced an open market Noodles he ran for his quota life

Even when he tried tin tomato, d guy run

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by FuckThaMod: 9:35pm On Mar 17, 2021

asobo1:
You forgot to add tomatoes paste.

And his Dansa fruit juice couldn't compete in the market as well

2 Likes

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Quincykay: 9:54pm On Mar 17, 2021

Finally. A good response. The fact that it took this long down the thread to see this IS the problem. Solve your own problem. Stop blaming others.

ahiboilandgas:
why? Why not build your own and sell for 1k per bag

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by BeeBeeOoh(m): 9:56pm On Mar 17, 2021

Djikot:
I remember when 5star cement owned by a Chinese came into the scene, he was a strong competitor In d market and the price of cement was forced to less than 2k, dangote cement sold at 1.5k as that time but it didn't take the government long to shut the company and halt their importations. Soon as they went down dongote cement price triggered again. Shame on the FG of this country.

My brother, this country tire person no be here oh. Imagine one man dictating what cement should be sold in the market? Kai! E no just make sense at all

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by mkoabiola: 9:59pm On Mar 17, 2021

Even d minister couldn't regulate d price of cement.

Hahaha.

A minister was wondering what could b d cause of d arbitrary increase in price of cement.

What a docile and clueless leadera in power
Chai

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Coldie: 10:22pm On Mar 17, 2021

Nigeria is the only country where imported cement is cheaper than locally produced one, third world country for that matter

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by swazydedon(m): 10:23pm On Mar 17, 2021

na all of una sabi, who go beta go beta.

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by femifemi1(m): 10:25pm On Mar 17, 2021

Are you surprise?

When rice was being imported, we buy a 50kg bag for N7,000.

Now that it is locally produce, the cheapest is N22,000. With 5kg of it totally stone.

Nigeria defies all Natural and scientific laws...that is the power of corruption.

1 Like

Re: Lekan Adegbite Decries High Price Of Cement In Nigeria Despite Local Production by Nobody: 11:30pm On Mar 17, 2021

Cynocefaal:
Just watch this...he's going out

That guy will be replaced within a few months

High possibility

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