Kobonaire4:


And your beloved buhari is doing nothing about the insecurity there...you know, what he was voted to do ?

Kobonaire4:


At the end of the day, nothing stops people from investing some money in a new cement factory..people from Ogun state.

That they do not do so does not indicate greed, it indicates lack of interest. Business grows first from interest. That is why Dangote is not investing in a cocoa processing plant in Ogun, he is not interested. You won't call him names for that.

Biodun556:
https://www.premiumtimesng.com/news/more-news/579346-dangote-sinoma-sign-agreement-on-new-cement-plant-in-ogun.html

CodeTemplar:
Stupid leaders. They allow one man come over from Kano to own all the juicy multi billion dollar industries that's in their state. The money he is using also came from same Ogun state.

Kobonaire4:


At least Obi invested in a industry. That generates jobs and income

Tinubu invested in tax collection

( i am neither a obidient or tinubuite so don't go there)

BlackKafka:


I blame all the past leaders of this country for the steep decline in the quality of education.

Missgeraldine:

Younger looking version of dangote is a kind of man I'd love to marry in the future ...


But monopoly is not good for Nigeria's economy and small businesses

Indispensable85:
Everyone is avoiding the east like plague. 🤣

Kobonaire4:


There is no monopoly by dangote.

BUA, Lafarge and ibeto cement dey kampe. If you no want dangote, use them. BUA in particular will be very happy if you buy his cement.

Gift96:
Hopefully once it's completed I can apply with my CV and work there so that I can add value to the establishment

dododawa1:
Dangote this , Dangote that,Na only him sabi do BUSINESS.

Kobonaire4:


1.The owners of four other private refineries, plus BUA would love to have a word with you.

2.The thing is, subsidy...ie selling fuel below the market price, is what is discouraging others. At the moment anyone investing in a refinery cannot afford to lose money selling fuel (which is why BUA's refinery in Imo is not going to produce petrol)..Dangote is taking a big risk by building with subsidy in place.

Business grows when people are allowed to set their prices...which is why I can type this from anywhere in Nigeria with an internet connection...instead of twenty years ago, where I would have had to go to an internet cafe...because GSM companies were allowed to set their prices.

Here, we took that right away from the petroleum sector, and paid them free government money (subsidy) in return. Corruption and sabotage resulted.

Removing subsidy will let a profit be made in selling fuel....which would make it more attractive for more people to refine fuel...which would prevent any monopoly by dangote et al.

Hopium:


When we remove subsidy, let BUA bring the competition and let's how it goes.

BlackKafka:


Really hate to do this, but are we seriously considering an investment into a brewery that has more than halved in value with a Deep Sea Port, and possibly the largest Free Trade Zone in West Africa?

Indispensable85:



The problem in the east is self inflicted

Chetas81:
THEY SHOULD CONTINUE TO SALE THEIR LAND FOR MONEY AND THEY WOULD BE SLAVE UNDER THEIR LAND IN FUTURE ____ FUTURE IS AN ENGLISH LANGUAGE BUT SOME NIGERIAN DON'T KNOW THE MEANING

CodeTemplar:
Stupid leaders. They allow one man come over from Kano to own all the juicy multi billion dollar industries that's in their state. The money he is using also came from same Ogun state.

ceejay80s:
Story....continue to hide under rich man when we know where all aboki stolen money is going in to

CodeTemplar:
at least eastern resources arrbt owned by one aboki from Kano. He has petrol monopoly and is almost holding cement monopoly.

grandstar:
My biggest worry regarding Dangote is that were there to be an economic boom by a new government, demand for cement may outstrip supply which could lead to a phenomenal rise in the price of cement.

With no competitor aside Bua Cement, Nigerians would be at their mercy.

There will be a need to allow imports again with some tariffs in place.

Jack500:


Your useless land that you didn't sell, what has it given you?

So, you prefer an empty land to an industry? And you will think you have brain too o

Parachoko:
E b like say this article pain you well well

pocom35:


BUA is a competitor so is Lafarge..

A new 3MT cement plant is being built in kogi which is neither own by BUA or Dangote

grandstar:


The country needs to open its borders to cement imports as these cement producers are exploiting consumers. An import ban was the wrong from the word go

pocom35:
import with scarce foreign exchange?

How much is the global cement price (50kg)
Convert to naira

grandstar:


Nigerian cement is one of the world's most expensive because producers are protected from foreign competition.

Nigerian cement manufacturers make huge profit margins.

There was a year Dangote's net profit margin was more than half of his sales[b]. I think company turnover was 280bn and after tax profits were like 143.[/b] That meant if he slashed the price he sold his cement for by 50%, he would still have made a profit that could be taxed!

Normally in such commodity industries with huge turnovers globally, profit margins are within the 6-12% range.

https://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&tab=all&SearchText=cement+per+ton&viewtype=