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Nairaland Forum / Nairaland / General / Business / Dangote Is Selling Cement For 1,150 Naira In Zambia (65204 Views)
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:17pm On Apr 02, 2021 |
Tobbit:Just look at when foreign media interviews him. They treat him like a dumb nigger at best, a criminal at worse. 17 Likes 2 Shares |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tobbit: 7:21pm On Apr 02, 2021 |
Aconomist: Hahahahahahahahaha. Yes. Cause when one can't speak about one's activities with high level of intelligence, it means there's rottenness deep within. That's why no matter what he does Arsenal won't sell the club to him so he can white wash his image He's stripping Nigerians to the bones but just few know it. Cement should not be more than 2500/3500 Naira per bag. When Dangote mentioned interest into Tomatoes, the market got destabilised, same Tomato that had revolved around 40/60 Naira for decades skyrocketed to 150/200 Naira Now let me go deeper into the underlying econometrics of this. If Tomato is farmed, processed, cost of maritime, haulage to Nigeria and the price steadies around 40/60 Naira for a decade, Home based productivity that benefits the masses should go below the import/retail price for the same size and not Quadriple it. Which makes me beg our local outfits when they write stories why don't they get experts to run intelligent analysis on issues like this? How should Tomato farmed in Italy/China cost five times lesser the proposed Nigerian price. And we want to maintain a strict almost closed market structure around it The same thing is being done to Milk as we speak and will begin to roll out over the next few years Local productivity isn't just about creating jobs if it's not going to result into subsidised reduction or close in prices to Imported goods, then should we bother about home based productivity atall? The insult as a macroecononist that I am is Many average Nigerians will say fluctuations, light, power this that and that. Forgetting these guys mostly use casualties labours, generate huge finances from the stock market which in itself ought to be a stabiliser against sudden spikes in production chain So I beg to wonder where are the elites If I'm wrong, why is Milo still the same price inspite of different economic realities in the past 5 to 10 years. Kiln maintained the same price for over a decade. Nut No, Dangote must spike prices 50 times every 2 years, yet Nigerians are the ones financing it realistically and getting terrible Dividends that doesn't reflect profits his overall financial standings continue to reflect I don't think Nigerians have professionals in the media. I doubt. 36 Likes 2 Shares |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:36pm On Apr 02, 2021 |
Tobbit: A country will never develop selling cement at 3,500 + naira. For every one job Dangote creates in his cement factory, Nigeria loses 10,000 potential jobs in construction and associated industries. The country would be better off importing than suffering under this nonsense. 20 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tobbit: 7:39pm On Apr 02, 2021 |
Aconomist: So you see. One industrialist can automate production and not even employ as much as should be. To think that I met cement at 120 Naira per bag in my life time in this country and it wasn't even in the 80s. Cement isn't sophisticated. Many people don't know. He only extracts, purifies, removes residues, add additives, bags. I don't see why we can't have it at 2500 per bag. The country isn't in good shape regarding his petrochemicals. I don't want FG giving any singular entity beyond a percentileshare of market be it for local or foreign demand. Damn. How do I begin to explain it enslaved the country more than it benefits it. 18 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:46pm On Apr 02, 2021 |
Tobbit:2500 naira is even too much. It should be 1600 naira maximum. In India, you can find it for 270 - 320 rupees, which is 1500 to 1700 naira. 9 Likes 1 Share
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Tobbit: 7:49pm On Apr 02, 2021 |
Aconomist: Smh. Where are the elites for goodness sakes or does education imply just speaking good Queens English. 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 2:04am On Apr 06, 2021 |
PlsBanMe: Your comments are not making sense. This cement was N2,000 under Goodluck Jonathan. The government brought the price down to N1,400 yet Dangote was still making profit. I bought cement N4,000 the other day. Makers of iron rods also saw it as an opportunity to double the price of building rods. A 12mm thin rod from N1,800 to N3,600. It's stealing... 15 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 2:07am On Apr 06, 2021 |
Aconomist: Every complain is an opportunity to make money. 3 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 2:09am On Apr 06, 2021 |
elGenius: Fuel and Natural gas are cheaper in Nigeria than all those countries. 10 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by PlsBanMe: 4:53pm On Apr 06, 2021 |
AlhajiBitcoin: Your own comments makes absolutely no sense. What was the minimum wage under Goodluck Jonathan? What is it under Pa Buhari? What was the cost of importation under Jonathan? Compare it with now. Compare the cost of electricity generation under Jonathan. Compare the cost of inflation then and now. Compare the exchange rate of naira to the dollar. FYI, Dangote was richer under Jonathan as president than now. Google it. Why is that? Now, kindly get the heck outta my post. If I didn't make any sense still, how about you showing you have sense? And if Dangote is cheating, go start a cement factory. It is easier. 1 Like |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Aconomist: 7:12pm On Apr 06, 2021 |
elGenius:Dangote's profit margin of 60% disproves any argument that his costs are higher in Nigeria. His selling price is higher -- that's the only difference. Why do I have to share a nationality with such subhuman people who will be stolen from yet defend the thief? 19 Likes 1 Share
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Downey(f): 7:18pm On Apr 06, 2021 |
Wicked Soul but keep hailing him. And l Wonder why? 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by banmee(m): 7:19pm On Apr 06, 2021 |
Aconomist: How is Dangote the problem. He is doing it because the system allows it. Plus that's capitalism. 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by NwaNimo1(m): 7:20pm On Apr 06, 2021 |
na wa ohh.... |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by nedekid: 7:20pm On Apr 06, 2021 |
heendrix:Same way you see some people defending this administration despite the poverty it have plunged the country into. 6 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lomprico2: 7:21pm On Apr 06, 2021 |
Aconomist: na una useless government give am the impetus. |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by sanyablaze(m): 7:21pm On Apr 06, 2021 |
kikikikikikikikikikikikiki |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Munzy14(m): 7:21pm On Apr 06, 2021 |
LMS1:lmao...Onye ara... ![]() ![]() |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lomprico2: 7:23pm On Apr 06, 2021 |
LMS1: and when they sell it to your lazy tribe and become prosperous, you will start beefing them. 1 Like |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by WoundedLamb: 7:23pm On Apr 06, 2021 |
Currency conversion could actually be misleading. What is the cost of production in Zambia? What is the profit margin over there? He might be using the same costing sheet in both countries. I don't think it's intelligent to think the final prices must be the same. Just saying... 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by georgeakins: 7:23pm On Apr 06, 2021 |
Aconomist: Is Dangote cement the only cement in the market? Why do you people from the East like running someone down once he is not from your ethnic group? 2 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by CocoaOla: 7:24pm On Apr 06, 2021 |
welcome to NIGERIA REPUBLIC OF DAGOTE monopolizing is the new order to enslave nigerians fools nigerians are stupid even fuel dangote is planning to monopolize it and increase the price to 500 per litre 3 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by obonujoker(m): 7:24pm On Apr 06, 2021 |
elGenius: Even elephant cement is selling for 2800-3000k per bag... So I won't blame Dangote fully 1 Like |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 7:25pm On Apr 06, 2021 |
Bros, this is an excerpt from an article in the premium times newspaper, "Local production is useful but it should not come at all costs. So much was made of the expected outcomes for Nigeria once cement production was localised, but have the premises for those promises been proven right? Available data shows that Nigerian cement firms have the world’s highest profit margins, with Dangote Cement having margins of 45 per cent, when margins of major cement producers in other countries in India, Germany, Mexico, range from 1 to 14 per cent, with one other outlier being China’s Anhui Conch Cement that has a 21 per cent profit margin." You can read the full article here: https://www.premiumtimesng.com/opinion/450128-of-dangote-and-near-absolute-monopolies-by-cheta-nwanze.html samwash: 8 Likes 2 Shares |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Ayemileto(m): 7:25pm On Apr 06, 2021 |
jaszplus12: 39 cedis is about $7, which still falls into the average global price of cement quoted by OP. According to OP, the same cement sells for over $11 (4,000 +) here. So, OP is still correct here. 11 Likes
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Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Lomprico2: 7:25pm On Apr 06, 2021 |
jaszplus12: you be full 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by WoundedLamb: 7:26pm On Apr 06, 2021 |
LMS1: Just curious, is there anything wrong with looking for where to buy things at a cheaper rate and resell for profit? Isn't that the ideal business plan? 9 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 7:26pm On Apr 06, 2021 |
Aconomist:That's cruel, but you should take a consideration into some things such as the availability of natural resources (limestone) used in making cements. But still, the price too much |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by angelfallz(m): 7:26pm On Apr 06, 2021 |
you are correct Aconomist: 2 Likes |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 7:27pm On Apr 06, 2021 |
jaszplus12:I hope he sells the cement for N500 to people of your tribe. I knew some mumus like you would try to shift the goal post to tribal and partisan politics, that's what you are paid for. Hediot. 15 Likes 2 Shares |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Nobody: 7:27pm On Apr 06, 2021 |
Aconomist: My friend is called capitalism and it isn't a crime any where in the world OK?! The only problem is that Govt is part of the scheme to disadvantage others in d interest of one person thereby creating monopoly and unequal playing ground for all which is very detrimental to growth and it kills SMEs! Dangote has been able to monopolize the cement, sugar, pasta industry and is going into oil! The country has the wherewithal to operate their own refineries but have left it to the hands of one individual which is catastrophic, it means dangote can hold the country to ransom whenever he decides not to refine our oil after we av fallen neck deep and over dependent on his refinery to refine our oil! 3 Likes 1 Share |
Re: Dangote Is Selling Cement For 1,150 Naira In Zambia by Fulmigati: 7:27pm On Apr 06, 2021 |
Their is a particular Indepedent Nigerian writer that has been exposing Dangote for years. Dangote is a criminal aided by Nigeria. 8 Likes |
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