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Nairaland Forum / Nairaland / General / Politics / Nigerians’ Hope For Lower Cement Price Dims (15331 Views)
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Nigerians’ Hope For Lower Cement Price Dims by Deltafirstson(m): 6:18am On Aug 26 |
As production cost shot up 121% •Manufacturers’ profits down 4.1% •Naira depreciation, smuggling fueling price increase -Manufacturers The combined impact of Naira depreciation and high inflation pressure has triggered a 121 per cent rise in the production cost of cement, dimming Nigerians’ hope for lower cement prices. https://www.vanguardngr.com/2024/08/nigerians-hope-for-lower-cement-price-dims/ 1 Like 1 Share
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Re: Nigerians’ Hope For Lower Cement Price Dims by HenryThegreat1(m): 6:19am On Aug 26 |
Some people thought good governance is by praying for our leaders. When your leaders are looting and relooting. 59 Likes 6 Shares |
Re: Nigerians’ Hope For Lower Cement Price Dims by asakoko: 6:23am On Aug 26 |
High cost of building materials continues to contribute to pure poverty to the people. 14 Likes 1 Share |
Re: Nigerians’ Hope For Lower Cement Price Dims by dlhzlr88: 7:36am On Aug 26 |
Bua cement is more cheaper than the rest 1 Like |
Re: Nigerians’ Hope For Lower Cement Price Dims by Image123(m): 7:37am On Aug 26 |
No be only dim, na Chidimma. Same way people looking for cheap petrol from Dangote hope go dim. 34 Likes 2 Shares |
Re: Nigerians’ Hope For Lower Cement Price Dims by Itohanmiwa: 7:37am On Aug 26 |
This may just turn out to be Tinubu only mission, to weaken the fast emerging Dangote dynasty. Jagaban vs Dangote. Jagaban de carry baba handicap. |
Re: Nigerians’ Hope For Lower Cement Price Dims by jojothaiv(m): 7:37am On Aug 26 |
Nigerians shouldn't push their hope too far and if they must insist on patience they should also understand that you cant give what you dont have. They should learn to manage their own expectations of this current government well, in the event that they shatter the glass ceiling (which is highly unlikely) they should just smile and if otherwise, they shouldn't let that deter them. Surely, Nigerians will get it right some day. With love from a Luo brother living off the coast of Badagry 5 Likes 1 Share |
Re: Nigerians’ Hope For Lower Cement Price Dims by 89green: 7:38am On Aug 26 |
My APC discount card never fails me, i buy cement at 40 naira (50kg bag) . Stop complaining and go and apply 27 Likes 2 Shares |
Re: Nigerians’ Hope For Lower Cement Price Dims by chukiz(m): 7:39am On Aug 26 |
Tinubu will finish this country, once and for all. 4 Likes 1 Share |
Re: Nigerians’ Hope For Lower Cement Price Dims by Menclothing1: 7:39am On Aug 26 |
Smuggling is reason for high rise of goods price in Nigeria Every country in Africa around us price of cement petrol food os higher than Nigeria rather than sell here smuggling is the honey to fast money Customs and Nigerians doing it will blame government With this prices and scarcity will continue to rise 1 Like |
Re: Nigerians’ Hope For Lower Cement Price Dims by olukaygold(m): 7:40am On Aug 26 |
No be only Cement,Iron,Planks everything is costly now,even logistics to carry the materials come site sef has trippled.Na Big Men dey build in Nigeria now. |
Re: Nigerians’ Hope For Lower Cement Price Dims by ugoc2016: 7:40am On Aug 26 |
Is there still hope for us to still build house? Me wey never build 2 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by francisbarrack(m): 7:42am On Aug 26 |
Wetin be masses gan for this government? To rent house sef no b beans/ food n fuel. This government is a total disaster n has nothing to offer. 2027 is fast approaching, if you like let tribalism n religion blind you. Hope there zombies r still eating der 40k bag of rice? Awon didirin. 6 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by 7demons: 7:42am On Aug 26 |
If you believe that a bag of Cement is sold BTW $120 & $150 in the aforementioned countries, then sorry is your name. Dem never tell una wetin dey happen. Projects are going up everywhere and one of the projects gulping large amount of this resource is a 700km CONCRETE super highway that leads to Heaven. In a country that has monopolized its vast market resources to one man. I laugh in swahili THERE IS NO PLACE IN THIS CONTINENT A BAG OF CEMENT IS SOLD ABOVE $20. YOU PEOPLE SHOULD STOP THESE PROPAGANDA! 23 Likes 3 Shares |
Re: Nigerians’ Hope For Lower Cement Price Dims by jaxxy(m): 7:43am On Aug 26 |
Failed economy..Why do u think sensible foreign coys are divesting or downsizing/offloading in the last 2 years? 1 Like |
Re: Nigerians’ Hope For Lower Cement Price Dims by 0m0luabi: 7:43am On Aug 26 |
You mean 1 bag of cement in Chad is $240 2 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by Jokerman(m): 7:44am On Aug 26 |
Did they say they want to reduce cement price before?? Annoying thing is as cement price rises, rental prices also rises in major cities in Lagos. Many people will be running to Lakowe , Epe etc, to live these days 5 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by MrPresident1: 7:45am On Aug 26 |
Lower cement price? People are building houses in hell What are you people building in hell? 1 Like |
Re: Nigerians’ Hope For Lower Cement Price Dims by Mindlog: 7:45am On Aug 26 |
They should increase production, export to places smugglers take it to and sell lower than the smugglers. 2 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by Hemanwel(m): 7:45am On Aug 26 |
As a matter of emergency, we seriously need to rescue Nigeria and Nigerians from Tinubu. He doesn't seem to know what to do or what he is doing. He thinks everything ends at sitting on the seat of the president or being called a president. The only thing he has been able to achieve 100% is to enrich himself, his family, friends, and kinsmen with our commonwealth, while the country is edging towards total collapse 5 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by najoe07(m): 7:46am On Aug 26 |
Is cement also subsidised? How does smuggling an unsubsidised product affects cost of production? 6 Likes 1 Share |
Re: Nigerians’ Hope For Lower Cement Price Dims by AntiChristian: 7:47am On Aug 26 |
Re: Nigerians’ Hope For Lower Cement Price Dims by GreaterFuture(m): 7:48am On Aug 26 |
How are people building? The lowest cheapest Land in manageable, below average areas is 1M, 1.2, upwards... I ask again, how are people managing to build houses? A very poor man can barely build... That's what it means |
Re: Nigerians’ Hope For Lower Cement Price Dims by Meti99(m): 7:49am On Aug 26 |
Gxx |
Re: Nigerians’ Hope For Lower Cement Price Dims by money121(m): 7:53am On Aug 26 |
Ok |
Re: Nigerians’ Hope For Lower Cement Price Dims by DeLaRue: 7:55am On Aug 26 |
So cement is about N250,000 per bag in some neighbouring countries? Wow. Same with petrol. Even at N1,000 per litre, petrol here is still cheaper than neighbouring countries It seems to me that the affordability challenges in Nigeria is not solely about price but about salaries and incomes being too low. Over the last 20 years or so, Nigerian salaries have have not kept up with inflation. 3 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by bluefilm: 7:55am On Aug 26 |
89green: Are you sure you have the correct APC discount card? Are you sure you're not being ripped off? My own APC-Ronu discount card enables me to get it for FREE anywhere in the country!!! 11 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by 89green: 8:00am On Aug 26 |
bluefilm: me I just want to be lenient, that's why. 2 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by IJEYdiamond(f): 8:01am On Aug 26 |
So cement in chad..... is 1600... where as in Nigeria that has the natural resources to produce is 8,000 naria.. There was a country...... Piry are those that this country was put understand your care..... punishment will be severe!!....... and those responsible for the suffering of the people of the land... |
Re: Nigerians’ Hope For Lower Cement Price Dims by ivandragon: 8:01am On Aug 26 |
Funny people. Most Nigerians continue to live in deceit. This is simply one of the strategies of apc and bat. Make the cost price of a commodity rise to unreasonable levels, then when the masses complain, reduce it a bit and claim how it shows your policies are working. Examples... In 2014, a bag of rice was N8k. Apc took it to N95k. When there was a lot of cries, it reduced to N65k and they are pointing to it as an achievement. In 2014, 1kg LPG was N200, apc took it to as high as N1,450. Now it is N1,300 and they say it is an evidence that things are getting better. The CNG they are bragging about was N45-N55 in 2014. Today, it is approaching N300. 1kg of meat was N350 in 2014, today it is N5,000, down from N6,000 and apc and bat say it is an achievement. 5 Likes |
Re: Nigerians’ Hope For Lower Cement Price Dims by oluwatomiwa(m): 8:03am On Aug 26 |
They are planning to increase the price of cement. Continue 1 Like |
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