Diligence:


Fallacious! Both Dangote & Ibeto were allowed to import a percentage to augment insufficient local supplies otherwise prices of few locally produced would skyrocket. That's commonsensical, RIGHT?

IBETO later got forex from CBN to boost local production both in Enugu & PHC with other value-added (engineering, design, etc) BUT Dangote under Buhari stopped Ibeto, and continued giving forex to Dangote!

Don't be mischievous. Dangote is not pro-masses. He's so selfish & an economic saboteur!

If BAT has the balls & restores IBETO CEMENT, watch out & see how he will crash cement prices.

BadMaster:
Some of their foreign counterparts have more than 10 times their production capacity, yet make far less profit. This is an indicator that Cement is overpriced in this part of the world. Dangote, BUA and Lafarge Africa are clearly ripping us off.

We are in trouble in this country, and we don't have a responsible government to check these criminals.

Afonja007:
in 63 years igbo man ruled nigeria only for 6 months, that nigeria is in the same category of somalia Yemen Afghanistan burkina fasso mali niger republic Chad plus Sudan ,yorubas and northerners can explain to us why nigeria is hell on earth ,

FreeStuffsNG:
This calls for immediate diligent investigation for likelihood of national economic sabotage and unfair trade practices against Nigerians by these three companies.

This is utterly shameful and heads must roll in any agency found culpable. For years, there has been strident calls for investigation of these companies cement companies and these calls have been ignored but this report is by far the most compelling to investigate cement pricing in Nigeria. Haba!

Only Lafarge come close to having a significant amount of its shares owned by Nigerians while the 2 cement companies owned by Nigerians are literally one-man business like a 2-man cartel using cement price to hold down the progress of this nation.
More than 90% of the outstanding shares of Dangote cement is owned by Alhaji Aliko Dangote, GCON while about 95% of the outstanding shares of BUA cement is owned by Alhaji Rabiu. So the unparalleled world record profit held by these two companies end in the pocket of these two individuals

PureFace1:



And you guys will blame the government for no foreign investment into the country, you don't know something like that can blacklist Nigeria from foreign investment ? even China wouldn't dare to try something like that, witch hunting because companies are making profits.

Nigeria is practicing free markets and not an autocratic country, the government can't set the price of goods in a free market and democracy, if the FG try that Nigeria won't see any foreign investment.

clinician2x:


Shut your fvcking mouth.

Tell your father to open company and make you shareholder.

Will u dictate for another person hoe much shares to hold on his company?

georgeakins:


The same Ibos caused the problems we are facing today.
Aguiyi Ironsi and his desperate Ibo soldiers laid the foundation for the mess we are passing through today.

Diligence:


Fallacious! Both Dangote & Ibeto were allowed to import a percentage to augment insufficient local supplies otherwise prices of few locally produced would skyrocket. That's commonsensical, RIGHT?

IBETO later got forex from CBN to boost local production both in Enugu & PHC with other value-added (engineering, design, etc) BUT Dangote under Buhari stopped Ibeto, and continued giving forex to Dangote!

Don't be mischievous. Dangote is not pro-masses. He's so selfish & an economic saboteur!

If BAT has the balls & restores IBETO CEMENT, watch out & see how he will crash cement prices.

sweetgala:


The FX was sold to Dangote at CBN rate as was the FG multiple window policy as part of the FG's 20-25% investment in his refinery. And Dangote wasn't the only beneficiary though the particular release made him one of its highest.

The FG failed to manage the FX and that threatened the refinery project.

I respect Dangote because unlike the idiots who fail to invest Dangote takes very serious risks in investing in Nigeria.

Afonja007:
Germany caused 2 World wars which killed more than 30 million people today Germany is 4th biggest economy in the world bigger than that of UK, so which excuse are you giving us?the civil war in nigeria igbos are the ones that paid the supreme price they lost everything there is no war in South west or northern Nigeria ,so northerners and south westerners should please explain to other Nigerians why nigeria is hell on earth

mukthar2000:
very wicked and greedy .

Afonja007:
without inside trading dangote is not better than any other business person in nigeria,I thought he wanted to buy arsenal before maybe he thinks arsenal is kano piller

nairalanda1:




So both of you are actually Communists

You both think that companies should not be allowed to make a profit.

Right, comrades?

I never thought I would see the day a tinubu and obi supporter, a one Nigerian and a Biafran would agree.

Well, sane economists always know it is right for companies to make a profit. They need to pay salaries,pay for maintenance,pay for upgrades and so forth.

But you two want cement to sell at 50 naira a bag. Shebi you go pay the salaries of the workers then?

Anyway, Communists want nothing more

BadMaster:
Some of their foreign counterparts have more than 10 times their production capacity, yet make far less profit. This is an indicator that Cement is overpriced in this part of the world. Dangote, BUA and Lafarge Africa are clearly ripping us off.

We are in trouble in this country, and we don't have a responsible government to check these criminals.

HandsomeHITLER:
Dangote is a wicked man

sweetgala:



And he would have bought Arsenal if the current owner was given to the possibility of a sale. Inside trading because you think the politicians don't dream of the possibility of running billion dollars corporations.

Dangote make money tye difficult way that many Nigerians don't want to, while his friends were busy getting fat off oil subsidy money he kept his eye on his cement business and started planning a mega refinery that would ultimately render their business obsolete.

PureFace1:




The government can't control the prices of goods in a free markets and democracy.

So many Nigerians are just ignorant try that and watch foreign investment desert Nigeria and hurt Nigeria economy badly even China wouldn't try that easily.

Afonja007:
you ever hear dangote criticises any government in power in this nigeria?oga go sit down you know no wetin dey happen am done exchanging words with you don't bother replying

InvertedHammer:
/
Most Nigerians love politics of identity and association.

To them, Dangote even though established as a shrewd businessman, still enjoys the support of Nigerians because they use him for a bragging right--"Africa's wealthiest man is a Nigerian". It is akin to those mofos who form Team Messi vs Team CR7 even though both players have no direct impact in their lives.

/

FreeStuffsNG:
This calls for immediate diligent investigation for likelihood of national economic sabotage and unfair trade practices against Nigerians by these three companies.

This is utterly shameful and heads must roll in any agency found culpable. For years, there has been strident calls for investigation of these companies cement companies and these calls have been ignored but this report is by far the most compelling to investigate cement pricing in Nigeria. Haba!

Only Lafarge come close to having a significant amount of its shares owned by Nigerians while the 2 cement companies owned by Nigerians are literally one-man business like a 2-man cartel using cement price to hold down the progress of this nation.
More than 90% of the outstanding shares of Dangote cement is owned by Alhaji Aliko Dangote, GCON while about 95% of the outstanding shares of BUA cement is owned by Alhaji Rabiu. So the unparalleled world record profit held by these two companies end in the pocket of these two individuals

victory36:
this is the reason why Nigeria will never move forward. The people are voicing out against exploitation by corporate industry, the others are naming them communists. You certainly don't even understand what communism means.

Olaolex:
I read their post again and again. Nobody said they should not make profit but what they make as profit is too much. They need to stop adding salt to our injuries. The indirect extortion needs to stop.

sweetgala:


Why should Dangote busy himself publicly criticising government, of what benefit is that to him, he has problems and if he needs to he can reach out to the President, ministers or corporate friends to see how that can be relieved doesn't mean everybody is dancing to his tune.

He is however smart because he had built his empire so big that it's is become the standard in Nigeria , president would fall over themselves to see to it that it doesn't fall.

Why would a smart business man antagonize the FG please do tell me why, I don't hear innoson complaining maybe it's because he has been receiving record orders since 2015.

pocom35:


He is not greedy..you don't just understand business

mukthar2000:
brother any business that u don't have much customers considerations due to ur monopoly believed, while 90% of ur material is from Nigeria and still sold the products at a very high price to the populist is a wickedness and greed bro

sweetgala:


Why should Dangote busy himself publicly criticising government, of what benefit is that to him, he has problems and if he needs to he can reach out to the President, ministers or corporate friends to see how that can be relieved doesn't mean everybody is dancing to his tune.

He is however smart because he had built his empire so big that it's is become the standard in Nigeria , president would fall over themselves to see to it that it doesn't fall.

Why would a smart business man antagonize the FG please do tell me why, I don't hear innoson complaining maybe it's because he has been receiving record orders since 2015.

pocom35:

Do you know the meaning of monopoly?

Which business is he doing that he has monopoly over...
Why haven't you accused Lafarge for not dropping their own prices as well.. why didn't you accused BUA of not dropping their prices since..

Are you aware BUA announced their price cut immediately they completed 2 new cement lines in their sokoto and Edo plants?

.
You claim 90% of the materials are Nigeria.. please does it end there.. the plant itself are the materials used in building them gotten from Nigeria..
can you name one single components that is regularly used to maintain those industries that you can source locally in Nigeria..or aren't you aware cost of maintenance of those plants is the also part of cost of production?


BUA did something great..
But they did that so that they can gain little attention once they begin rolling out an extra 6 million MTA of cement from their new plants..

Once they gain that extra market.. everything will balance..

Even the price cut might only see Edo and Sokoto residence benefiting more

pocom35:

Do you know the meaning of monopoly?

Which business is he doing that he has monopoly over...
Why haven't you accused Lafarge for not dropping their own prices as well.. why didn't you accused BUA of not dropping their prices since..

Are you aware BUA announced their price cut immediately they completed 2 new cement lines in their sokoto and Edo plants?

.
You claim 90% of the materials are Nigeria.. please does it end there.. the plant itself are the materials used in building them gotten from Nigeria..
can you name one single components that is regularly used to maintain those industries that you can source locally in Nigeria..or aren't you aware cost of maintenance of those plants is the also part of cost of production?


BUA did something great..
But they did that so that they can gain little attention once they begin rolling out an extra 6 million MTA of cement from their new plants..

Once they gain that extra market.. everything will balance..

Even the price cut might only see Edo and Sokoto residence benefiting more

Afonja007:
am nobody here 8in austria but I can't take company like dangote to court if his operating here in austria I won't even pay lawyer,as I am now am in court with austria government I don't pay shishi na organizations dey hire lawyers for me,In western world business people criticises their government policies but in nigeria who will talk,dangote is milking me and you ,but I don't care again make una enjoy una self there