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Nairaland Forum / Nairaland / General / Business / Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price (1466 Views)
Why Exactly Is The Cement Price Going Up This Way? / BUA Promises To Reduce Cement Price / Tinubu Receives Petition Against Dangote Over $3.4 Billion Siphoned Through CBN (2) (3) (4)
Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by clearcrystal: 8:52am On Aug 26, 2023 |
Aliko Dangote, Africa’s richest man, is facing mounting criticism from Nigerians questioning the fairness of his business empire. With a total of 15,200 tweets at the time of this report, Dangote Group’s leader has come under public scrutiny for the reported disparities in the prices of his cement products across Africa. According to X (formerly Twitter) discussions, there are claims that the billionaire offers cement to other African nations at a more reasonable cost. A user on the X platform, Nefertiti, pointed out that despite Dangote Cement’s production in Nigeria, it fails to offer the product at an affordable rate, prompting contractors to resort to importing it. “Dangote Cement is more expensive than imported cement, & you have all the raw materials in Nigeria. Contractors prefer imported cement, but cement import is banned in Nigeria. You must use Dangote by force. This is for those waiting to buy cheap petrol from the Dangote Refinery.” Dangote Cement is more expensive than imported cement, & you have all the raw materials in Nigeria. Contractors prefer imported cement, but cement import is banned in Nigeria. You must use Dangote by force. This is for those waiting to buy cheap petrol from the Dangote Refinery. Another user, Abdullahayofel, emphasized that the cement company enjoys access to raw materials at minimal costs, giving it a competitive edge. “Dangote cement is produced in Nigeria, The raw material is sourced locally in Nigeria at almost zero cost. Nothing is imported. Almost zero taxes yet the price of cement is 5,200 Naira in Nigeria and the same is sold in the Benin Republic at 3,699.15 Naira. Dangote cement is produced in Nigeria, The raw material is sourced locally in Nigeria at almost zero cost. Nothing is imported. Almost zero taxes yet the price of cement is 5,200 Naira in Nigeria and same is sold in Benin Republic at 3,699.15 Naira. — A. Ayofe (@abdullahayofel) August 25, 2023 Kelvin Odanz added his voice, supporting the notion that contractors prefer imports due to the high local prices of the billionaire’s cement company. Apparently cement imported from abroad is cheaper than the one our sugar daddy and his clique produces in Nigeria. Contractors prefer importing it This is for those of you who think our sugar daddy’s refinery will help bring down the cost of fuel when finally completed. LOL for you” Apparently cement imported from abroad is cheaper than the one our sugar daddy and his clique produces in Nigeria. Contractors prefer importing it This is for those of you who think our sugar daddy's refinery will help bring down cost of fuel when finally completed. LOL for you — Kelvin Odanz (@MrOdanz) August 25, 2023 Captain Tango stated that Dangote relies on government support to drive the success of his business. “Dangote is not the smartest politician, what he enjoys is government patronage thereby granting him crazy tax breaks and monopoly over the market. If INNOSON Motors or other businessmen have the same privileges he enjoys it will be good for all or throw the cement market open. Dangote is not the smartest politician, what he enjoys is the government patronage thereby granting him crazy tax breaks and monopoly over the market. If INNOSON motors or other business men have the same privileges he enjoys it will be good for all or throw throw the cement… — Captain Tango 👨🏾✈️⚓️ (@Capolutiti) August 25, 2023 A user, Priste added that the lack of a level playing field in the country has resulted in cement market monopolization “The issue is basically the lack of a level playing ground. Using the government to stifle other competitors is what has gotten us to this level of monopoly. This same dangote cement is cheaper in other West African countries.” The issue is basically the lack of a level playing ground. Using the government to stifle other competitors is what has gotten us to this level of monopoly. This same dangote cement is cheaper in other west African countries. — G E (@priste_) August 25, 2023 https://nairametrics.com/2023/08/26/nigerians-lash-out-at-aliko-dangote-over-reported-exorbitant-cement-price/ |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by Alchemy528: 8:57am On Aug 26, 2023 |
Thissse man |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by shortgun(m): 9:04am On Aug 26, 2023 |
Remove biased grants, tax waivers, monopoly, Oligopoly Legal monopoly and favourable Government policies from Dangote and watch the man become bankrupt in 1 year. 8 Likes 1 Share |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by 9jahotblog: 9:22am On Aug 26, 2023 |
Dangote is a clueless monopolistic Nigeria politician and businessman too 5 Likes |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by 9jahotblog: 9:23am On Aug 26, 2023 |
shortgun:very true oooo 5 Likes 1 Share |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by DMCY: 9:26am On Aug 26, 2023 |
I pity Nigerians waiting for dangote refinery lmao 4 Likes |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by phorget(m): 9:27am On Aug 26, 2023 |
Life! |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by clearcrystal: 9:28am On Aug 26, 2023 |
Dangote is one of our major problem in Nigeria. Can we just allow market to ship in cement? Dangote is holding us to ransom, he dictates the price of cement and others follow his dictate. 6 Likes |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by Couldntfigurean: 9:36am On Aug 26, 2023 |
Somebody made this revelation here on Nairaland last year and Yoruba people almost ate him raw saying that the poster is just an Igbo hating on a northerner Yoruba are the problem with Nigeria-Sanusi Lamido 4 Likes
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Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by Wisereborn: 9:39am On Aug 26, 2023 |
Why is everyone talking about Dangote and not the Nigerian government that gave him the monopoly ![]() Is Dangote the only Nigerian born with business acumen ![]() If there is healthy competition as of the days of old ![]() ![]() ![]() |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by CodeTemplar: 10:01am On Aug 26, 2023 |
9jahotblog:he is not a devil but a lucky and greedy man. Nigeria needed local production badly under OBJ. That local production had to be in the hands of a Nigerian who has no other home to repatriate profit to thereby bleeding the economy. Dangote and few others were selected for this privilege but Dangote emerged the most successful among them all. Though a greedy artificial billionaire, he is better than most foreign investors. 2 Likes |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by CodeTemplar: 10:04am On Aug 26, 2023 |
clearcrystal:he was selected to have a rare privilege under OBJ but has become a monopoly monster and is threatening to milk Nigerians badly. |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by 9jahotblog: 10:39am On Aug 26, 2023 |
CodeTemplar:funny enough, his brother counterpart, BUA cement Founder is beating Dangote flawlessly in business. By 2024, BUA refinery will be completed and be open to used . Dangote will be the one to lose out at the end of the day cos’ of businessmen have surfaced heavily and also beating him in business in Nigeria. |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by Harddiskng(m): 11:54am On Aug 26, 2023 |
Dangote is one of Nigeria’s major problems, I have stated it on this forum years ago. The moment he announced his refinery i told y’all prices of fuel and related products would skyrocket before that refinery is finished. Y’all haven’t seen anything before his refinery is finished, the stage would be set for him to recoup his investment faster than Uncle Abacha looted Nigeria ![]() |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by wittywriter: 12:44pm On Aug 26, 2023 |
shortgun: Wisereborn: Wittyness |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by Bfly: 12:49pm On Aug 26, 2023 |
The production cost of a bag of cement is less than 500 naira according to someone who once had his IT at BUA cement. I still wonder why the price is so exorbitant |
Re: Nigerians Lash Out At Aliko Dangote Over Reported “exorbitant” Cement Price by clearcrystal: 4:05pm On Aug 26, 2023 |
Bfly: This could be through, 80% of the raw materials are sourced locally. |
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