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Nairaland Forum / Nairaland / General / Properties / How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? (53128 Views)
How Much Is Bag Of Cement In Your Area? / Look At The Price Of Cement In 1989 / How Much Is One Bag Of Cement In Your Area? (2) (3) (4)
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Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by tayor3(m): 8:18pm On Jan 01, 2021 |
HeadShot:I think sey u dey wise b4 but d moment u mention Jonathan....now I know why we are where we are. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by jimts(m): 8:19pm On Jan 01, 2021 |
Everyone that is here ranting about monopoly of market being controlled by the two major cement shareholders (Dangote & Abdussamad) have no idea of the happenings in the cement industry. For the benefit of clarification, I will give you all a quick rundown of the factors that shot the prices to the roof. 1. Corona lockdown From March till June, most part of the country was under lockdown. This means that all construction activities were put on hold. As soon as it was lifted, the demand for cement naturally skyrocketed in arrears for the month of idleness. This is common sense. 2. ENDSARS Protest During this period, curfews were imposed in many states. In Edo, BUA cement did not dispatch 1 bag of cement for nearly 5 days. That's an average of 60,000 tons of cement lost to down time. Similar thing happened in Ibese from information reaching us. Mark you, supply has further been shortened. 3. Bad road Anyone familiar with Auchi/Okpella/Okenne axis of Benin/Okene expressway knows the frequency with which a complete traffic lockdown occurs. Some trucks spend 3 days between Okenne and Auchi (journey of less than 70km) alone because of deplorable state of the road leading to falling of heavy-duty vehicles and incessant breakdowns. This causes delay in the delivery of cement, therefore worsening the supply volume. 4. Internal factory challenges Many a time, drop in gas pressure in our plant leads to drop in power available to run equipment because some of the gas powerplants have to be stopped. This is a problem beyond BUA or Dangote's control as gas is supplied by NGC (a subsidiary of NNPC). When there's no sufficient power, major equipment like cement mills have to be stopped, reducing the silo level for cement. This one is obviously a shortage in production. 5. Greed. I've seen many of you complaining that the prices were raised by the factory owners, you are completely wrong. The factory price is still hovering around #2,400. This is the price at which BUA supplies to its customers with delivery. But because some of the customers prefer to just sell the ATC (authority to collect) to middlemen who pay for transportation (self collection), it increases the price/bag to about #3,000 by the time it arrives the buyer. These customers I mentioned earlier have paid billions of naira into chairman's account in exchange for the cement ATC, but many of them are not actually interested in selling cement. They only want to sell the ATC to middlemen and make quick money. This is the first level of greed. The middlemen deliver the cement, depending on the distance between #2,800-#3,300 to cement retail sellers. Second level of greed happens here. The retailers then decide to sell it at #4,000. mentality of the average Nigerian. This is the worst of all the greed. All of these are the reasons why the problem is highly compounded and it will really take a while for things to normalize. Whatever the story is, we will all build our houses this year!! ![]() 22 Likes 3 Shares |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by harmony75: 8:22pm On Jan 01, 2021 |
3,900 in Lagos 1 Like |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by dontai(m): 8:24pm On Jan 01, 2021 |
whytediamond:Bros, let us handle the project for you. we are such a reputable building construction company. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Nobody: 8:29pm On Jan 01, 2021 |
HonKong:Thats their usual way. Every Monopoly businessman na thief for Nigeria. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Sunnyemma(m): 8:30pm On Jan 01, 2021 |
Between 4000 -4200 in Umuahia |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Lenient001: 8:31pm On Jan 01, 2021 |
It's so rare to find a bussinessman who gives without take! This is the result of Dangote interference during the COVID time. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Pussybender(m): 8:32pm On Jan 01, 2021 |
4700 |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Aconomist: 8:33pm On Jan 01, 2021 |
Dangote makes a 60% EBITDA margin on every bag of cement he sells. So if he sells 100,000 naira worth of cement, he will get 60,000 in pure profit. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by HeadShot: 8:38pm On Jan 01, 2021 |
tayor3: Just remove the boko haram you put in Aso rock... Watch how evrything falls into place |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by yunusabuba(m): 8:40pm On Jan 01, 2021 |
last week 4000 but at this week it fall to 3800 in Borno state |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by matrixme(m): 8:42pm On Jan 01, 2021 |
What isn't even unprovokedly expensive in this accursed regime? Ordinary onions felt the effect. Dollar got expensive, fuel expensive, rice expensive, petrol expensive, DStv/gotv/ startimes got expensive... If to say there is even enough money to purchase, we might not bat an eye much. After taking almost a year to appoint ministers to another year to form an economic policy, to disastrous mediocres in sensitive positions with predictable outcome, to sluggishness in reformulating plans to closing land borders, not banning flights early to ill advised lockdown to endsars among others, do we still need another reason to know why anything got expensive in today's Nigeria? 1 Like |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by lereinter(m): 8:43pm On Jan 01, 2021 |
How do you want dangote to recover the money he dash convid |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by kenjava20: 8:44pm On Jan 01, 2021 |
I would need 600bags of dangote cement can you drop your WhatsApp number . Ofemmanu1: |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Aconomist: 8:48pm On Jan 01, 2021 |
SIONKPO1:He has a 60% profit margin in Nigeria compared to 20% in the rest of Africa. In other worlds, for every 100 naira he sells in nigeria 60 naira is pure profit |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by PropertyVendor(m): 8:49pm On Jan 01, 2021 |
Benin city 2850 |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by generalpelu(m): 8:49pm On Jan 01, 2021 |
chocboi78: Just N3300 |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Briller: 8:57pm On Jan 01, 2021 |
chocboi78: Pls, where is your location? I bought #4,200 yesterday |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Briller: 8:58pm On Jan 01, 2021 |
Parkees: Abeg, na mud cement be that? |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Blackdisciple(m): 8:59pm On Jan 01, 2021 |
whytediamond: Am with you on the water side ( Plumbing ) |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by thedio(m): 8:59pm On Jan 01, 2021 |
ofuonyebi:. Some pple can lie for africa. Oh sorry that is why they r importing cement from Nigeria |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by cooljuman: 9:01pm On Jan 01, 2021 |
Ofemmanu1: Please, how do I contact you to get me 300 bags to start my building project. I'll greatly appreciate. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Hndrrxxx(m): 9:02pm On Jan 01, 2021 |
ATEAMS:where abeg |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by favor914: 9:03pm On Jan 01, 2021 |
HeadShot:Dreamer Almijiri, go & prosper yourself by yourself. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Briller: 9:04pm On Jan 01, 2021 |
Ofemmanu1: I want 15000bags but it won't be a faceless arrangement. I have to follow you to the depot or wherever to make sure it's not a ride. Once that's ascertained, we have a deal. 1 Like |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by kenjava20: 9:05pm On Jan 01, 2021 |
What is your WhatsApp Number let talk . kenjava20: |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Aconomist: 9:05pm On Jan 01, 2021 |
mickykhe:It's the suffer and smile negro mentality. This is why blacks make the perfect slaves. |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by cooljuman: 9:06pm On Jan 01, 2021 |
Ofemmanu1: In portharcourt, Dangote distributors in rukpokwu and trans amadi sell at 3800 naira |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by Bigwig02(m): 9:07pm On Jan 01, 2021 |
Benin 4k... Yesterday |
Re: How Much Is Cement In Your Area And Why Is The Price Of Cement Still High? by favor914: 9:08pm On Jan 01, 2021 |
ofuonyebi:No be only bring back what useless price control politically controlled Board? Nothing like Monopoly, no one has stopped you, or anyone from entering the cement business, La Farge once the biggest cement factory in the world was controlling things in Nigeria, no one gave Aluko a chance, today lazy minded peasants like you will be shouting Monopoly in a dog eat dog capitalist system? You are waiting for people to work to make life easy for you? |
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