MASTERCHIEF0847:

Okay, Nigeria has the otential to meet local demand but in reality is Nigeria meeting local demand for gypsum?
That your mama with muscular arms like iron-bender na her be fool because she suppose abort you as a useless fetus.
For the statement in bold poverty and hardship go finish your papa .

I maintained my position you and your useless parent will die in abject poverty.They raised a dunce and a society wahala. If you are not foolish, even a toddler knew that people like Dangote will never allow the system work because they made their billions from this subornation. A man who visited Jonathan in the morning because he was leading the presidential election, later to Buhari as result changes is nothing but unscrupulous element who is feeding on the wealth meant for all Nigerians. Your parent should consider themselves as barren because you are nothing but a waste of semen. Oloriburuku

Coincidentally, the price of Dangote sugar is also jumping almost every one week now.

VeeVeeMyLuv:
Somebody doing a very terrible job managing the economy

Devaluation from N450 to N1,490 official rate within 9 months.

Inflation rate of 30%. And you expect prices of goods and services to remain the same?

Na wetin make them increase am.

What were you expecting when you borrow billions of dollars to defend naira?

Are you expecting this current administration to continue to borrow billionsof dollarsto defend naira?

Interesting thread.

Good points by nearly all posters about how the cost of production is central to pricing decisions. Strange how when some of us ask the same question about production costs in the petroleum industry, some people pretend not to know what we are talking about.

MASTERCHIEF0847:
Increase in cost of production, transportation etc... that is what you get in a dollar-dependent economy.

You guys are just so funny, how is dollar dependent now the cost of all this rubbish. you all should realize that the naira has loosed over 3x its previous value. If we had gotten that Chinese currency swap deal years back it would have still been same effect today. So you all think dollar is going up, Euro is going up Chinese yuan is going up even CEFA is going up, what kind of rubbish thinking is all this. So because Naira has loosed it monetary value you all also want cement and other commodities to lose their value too.

Lifemanage:
Dangote definitely has nothing good to offer Nigerians as the richest man. He will soon face the wrath of the masses

Continue your hate filled mentality for the rich. it is the masses who will face the wrath of their useless decision to vote this rubbish.

Feldie:
all your mouth is government government government. This is why everyone keeps fleecing you because they know you will leave the real culprit and start attacking government that are chilling in Abuja without even the slightest care about you. If Nigerians start boycotting these people hiking prices, they will stop but they know we don't have sense

Why don't you start the boycotting, you are just a huge joke. Even if they bring imported cement to Nigeria, they price will be far more than this. If Dangote cement monetary value decide to drop with the falling naira, foreign countries like Niger will sweep up all the cement been produced in Nigeria and its citizens will not see any to buy, and if that has happened all we need to do was to increase production, thereby exporting more cement which will in turn improve the value of the naira.

Flier:
Dealer are exporting it to neighboring countries because their currency is stronger than our own at the moment so they are making a lot on each bag of cement,that leads to demand higher than supply in Nigeria hence the price increase
The same is happening to food at the moment,northerners are selling to neighboring countries
Exchange rate need to go down otherwise neighboring countries will start raiding Nigeria to get cheap products there by creating scarcity and price increase in Nigeria

Vey correct, but most Nigerians do not want to listen to sound counsel.

Otiwaikuku:



The major raw material for the making of cement is mined here in Nigeria. The machines you mentioned is not always imported and workers to handle the machines are Nigerians.I can’t see any genuine reason why prices should increase by over 100%. Cement was once sold for 5400 few months back and now it’s over #12000.There is no bases to justify the increament.

So you are saying the value of cement should reduce with the value of the naira too. you all are a huge joke.

Ask tinubu and his economy team bunch of clueless people.

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

do they import the heavy equipment every hour?...I stoped reading when I saw this point

BluntCrazeMan:
Please I need someone to explain it fully to me - like as if I'm 10yrs old.

Why exactly is the price of cement going up this way?? What exactly really happened?

Is the price only affecting Just Dangote Cement?
Or it also affected all the other cement brands like Bua and Elephant.??

Alternative electricity eg diesel powered generators in the absence of no electricity

Multiplicity of taxes

Increased transport cost due to imported pms and diesel

Lack of Accessible roads to most areas in the country

Insecurity

Police tax/bribe along the highway

Inability to access FX to purchase equipments or raw materials not available in the country

All these are factored in the production cost which leads to an increase in the price!

Until these issues are tackled sufficiently,prices will keep going up!

I love your analysis.
It would have been better without insult...
Cheers!

MASTERCHIEF0847:

BUA and LaFarge also increased the prices of their products too, BUA cement is even more expensive but it's okay you can continue with your Dangote-phobia...the poor like hating the rich
You clearly have no idea that limestone while available in Nigeria has to be mined using heavy machinery that guzzles diesel which sells for over 1000 naira per liter, and gypsum which is used in cement plants and it mostly imported in commercial quantities and paid in dollars which is very hard to come by in Nigeria and also cost of diesel for running the factory and transportation.
Person go just post crap because him get access to internet.
Control your coded envy and jealousy of Dangote. BUA too enjoys tax relief just like other heavy manufacturers like INNOSON but it's okay you can kee foaming from the mouth over Dangote a private businessman who is not responsible for policy formulations while ignoring the banza government you supported and voted for as well.

Ever8090:
do they import the heavy equipment every hour?...I stoped reading when I saw this point

You shouldn't have bothered to comment then... Sherlock
They don't buy the equipment every hour but they practically run the equipment all day you genius. Do you think they just turn on and off SCADA systems in a cement plant like cooking gas? Do you know the process of turning on and off a cement kiln? Damn sure you have no idea

judatech:
I love your analysis.
It would have been better without insult...
Cheers!

Sometimes you have to give this NL mob a dose of their medicine.

😊... NL no be small planet o!

MASTERCHIEF0847:

Sometimes you have to give this NL mob a dose of their medicine.

kpompey:

I maintained my position you and your useless parent will die in abject poverty.They raised a dunce and a society wahala. If you are not foolish, even a toddler knew that people like Dangote will never allow the system work because they made their billions from this subornation. A man who visited Jonathan in the morning because he was leading the presidential election, later to Buhari as result changes is nothing but unscrupulous element who is feeding on the wealth meant for all Nigerians. Your parent should consider themselves as barren because you are nothing but a waste of semen. Oloriburuku

My father is late, he attained the rank of Brig.Gen in the Nigerian Army and was commander of 22 Armored Brigade based in Sobi, ilorin Kwara state. My mother who is also late was a medical doctor during her lifetime, none of these people were poor by the grace of God not to talk of poverty ...but am not so sure about you, your parents must be facing the great tinubulation
You're just a jealous and envious sloth

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

Not at the rate the price increases. Let's stop being sentimental.

What changed?

MASTERCHIEF0847:
Increase in cost of production, transportation etc... that is what you get in a dollar-dependent economy.

Which kind rubbish talk dis one de yarn

Business3600:

As a miner I can categorically tell you we have gypsum in a very large quantity. Dangote dont import gypsum he has so many site for that

Okay. Pls kindly name the sites where gypsum is produced in commercial quantities in Nigeria, enough to even satisfy 20% of local demand.
"As a miner"...there are hundreds of miners in Nigeria ...except you're involved in limestone mining or coal mining else this type of mining is above your league
You guys fail to understand that Nigeria even imports petroleum products even though the country is a major producer of crude oil and you are finding it hard to believe the country imports gypsum lol.

Hotice085:


Which kind rubbish talk dis one de yarn

Please provide an a counter narrative that is not rubbish, i will wait.
Kindly crawl back to the cave you emerged from you Early-Man

MASTERCHIEF0847:

So cost of production has remained the same for cement manufacturers while everything else is on the increase?
Make una dey use una brain before making a comment abeg.
Cement production involves mining with heavy equipment that can only be imported as well as it's spare parts and paid for in dollars,those responsible for repairs are also expatriates who will not be paid in naira, add cost of diesel for running the factory at over 1000 naira per liter as well as importing gypsum and others then you will understand. Pay a visit to the quarry of any cement manufacturer then you will understand cement production is capital intensive.

Just listen to the absolute nonsense this one is saying
Instead of saying you want to cash in in the baseless speculative fraud in the FX market you de here de run ya mouth like basket

LordBillionz:

Not at the rate the price increases. Let's stop being sentimental.

What changed?

Sentimental?
Okay, provide an alternative explanation to mine, i might learn a thing or two cos we learn everyday.

Hotice085:


Just listen to the absolute nonsense this one is saying
Instead of saying you want to cash in in the baseless speculative fraud in the FX market you de here de run ya mouth like basket

Is everything okay at home? ... Your pea size brain is playing tricks on you
What speculative FX fraud is this lunatic foaming from the mouth about? Chineke
What an absolute idiot you are.

MASTERCHIEF0847:

Okay. Pls kindly name the sites where gypsum is produced in commercial quantities in Nigeria, enough to even satisfy 20% of local demand.
"As a miner"...there are hundreds of miners in Nigeria ...except you're involved in limestone mining or coal mining else this type of mining is above your league
You guys fail to understand that Nigeria even imports petroleum products even though the country is a major producer of crude oil and you are finding it hard to believe the country imports gypsum lol.

So the imported gypsum Dangote has and others you think they haven't paid for it long before now and even up to a year or 2years upfront?

Is any of them complaining of increase in production cost or the middlemen as abserved by the minister?

Explain this nonsense transportations cost, how many Dangote truck they run on Diesel?

MASTERCHIEF0847:

Is everything okay at home? ... Your pea size brain is playing tricks on you
What speculative FX fraud is this lunatic foaming from the mouth about? Chineke
What an absolute idiot you are.

See lizard brain that thinks cement companies buys their imported products like akara on daily basis

Flier:
Dealer are exporting it to neighboring countries because their currency is stronger than our own at the moment so they are making a lot on each bag of cement,that leads to demand higher than supply in Nigeria hence the price increase
The same is happening to food at the moment,northerners are selling to neighboring countries
Exchange rate need to go down otherwise neighboring countries will start raiding Nigeria to get cheap products there by creating scarcity and price increase in Nigeria

I'll go with your answer over those shouting increase in cost of diesel and dollar rate

As someone rightly said, diesel was selling around #1200 as at October last year and dollar was around #1350 or so, yet fuel was selling for #4800

I believe it's the same thing happening to foodstuffs that is happening to cement... It's now more profitable to export than to sell within Nigeria... Hence, you either agree to buy at the rate they'll sell to foreigners, or you leave them to sell to foreigners

This should have actually been a good thing if we were producing more than enough, atleast we'll get a lot of the needed forex

MASTERCHIEF0847:

Which discussion? You need to have several seats Okonkwo .

Done.
Bye

peteofi:

I also need this explanation. But it should be explained to me like am 7yrs.

Chaaiii..

Hotice085:


See lizard brain that thinks cement companies by their products like akara on daily basis

Did i touch a nerve? Why are you mad bro? ... I am not Tinubu or your state governor, i am not responsible for your misery and frustration na ... you are barking at the wrong tree Ekuke

MASTERCHIEF0847:


Did i touch a nerve? Why are you mad bro? ... I am not Tinubu or your state governor, i am not responsible for your misery and frustration na ... you are barking at the wrong tree Ekuke

Shut up ya lose mouth, common sense you no get u de open ya mouth de shout production and transportation
People will just be exploiting you like Christmas goat and you will be clapping nonsense for them
Wetin concern me and Tinubu, thunder fire you dia

For people to be homeless of cause!

Cost of production has greatly increased. Dangote can not do more than sell marginally above other companies in west Africa and he is not the only one in Nigeria. You can always Google search cement prices across the world since it is not only in Nigeria they sell cement

Hotice085:


So the imported gypsum Dangote has and others you think they haven't paid for it long before now and even up to a year or 2years upfront?

Is any of them complaining of increase in production cost or the middlemen as abserved by the minister?

Explain this nonsense transportations cost, how many Dangote truck they run on Diesel?

The entire process of manufacturing runs on diesel you genius ... Manufacturers association of Nigeria is complaining of costs of production, bread bakeries are complaining (their association help a press conference in Abuja), GSK , PZ and others complained of same before leaving Nigeria for Ghana, just because you're not aware if they complained of same doesn't mean they didn't complain cos they sure did.

Hotice085:


Shut up ya lose mouth, common sense you no get u de open ya mouth de shout production and transportation
People will just be exploiting you like Christmas goat and you will be clapping nonsense for them
Wetin concern me and Tinubu, thunder fire you dia

Why are you mad bro? The great tinubulation dey affect you? Have you eaten today? Cos hungry man na angry man lol.
Nobody is exploiting me, it's a lazy sloth like you that feels exploited...na you numskull Dangote want exploit?
The only Dangote products you can afford is Sugar and Salt, restrict your discussions to topics on this products, cement is way above your pay-grade