₦airaland Forum

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!

lamicruz:
Because Dangote calls the shot

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

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

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

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

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!

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

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

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.

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

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

asobo1:
You forgot to add tomatoes paste.

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

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.

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

That guy will be replaced within a few months