Cement Price Hike: Some Groups Wanted To Have It All - Chairman, Cement Producers
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- čas přidán 22. 02. 2024
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The problem of nigeria is not just the government, but we Nigerians, we take any rubbish that come our way because we do not want to die and the politicians and some elites are capitalising on that to destroy our lives in nigeria, it's high time Nigerians start holding these criminals to account.
Thank you for your honesty. 200 million Nigerians forced to buy cement only from 3 producers. Artificial scarcity that imprison a whole nation. Government hands off business and mind your government service job. We need Ibeto in the Business of cement. Nigerians have been enslaved enough for Dangote Monopoly
Correct guy
You know the zoo game
You need ibeto, when ibeto was there, what did he do? My friend go and sit down. E get who hold ibeto from selling cement.
@@fatfarmers7360 Animal I don't expect you to have sense
Please, with immediate alacrity, that minister should never ever accept the price of between N7,000 and N8,000 per 50kg of cement, this is not acceptable at all!!! In a country where almost 95% of the materials used are gotten from within our country!!! Hell no!!! We will never accept this. Many manufacturers should be given license and loans to set up factories and importers too should be given license to import. This nonsense monopoly between Dangote and Rabiu shoud stop. They cant be milking we Nigerians on our own soil just to maintain being the richest Africans!! No no no no. It is either Cement price goes back to between N2,500 and N3,000 or nothing!!!
Egypt with a population of less than 100 million has 56 cement companies and Nigeria, with a population of 230 million has 3 companies 🙄 😳 🤔. Common sense is not common in my country or we choose to be stupid 🙄 🤔
Delibrate attempt to disadvantage an igboman in the Nigeria affairs is one of the major obstacle hindering Nigeria's Development .
Tinubu Thank You Egbon.
You are Truly working.
From 4k to 8k.
100 percent increase.
Emilokan Jagaban on your mandate we stand.
Is Dangote building a brand new cement factory ?
How can the cost be over 100 percent increase when the factors mentioned are :
1. Cost of fuel.
2.cost of gypsum which he said is only 5 percent of total content.
3. Increased Duties.
Is Dangote buying the limestone in dollar ?
The labor are they all paid in dollar ?
Is he building a new cement factory with brand new machines/vehicles ?
This Man with Emilokan will Finish Us.
Kai.
Dangote is the architect of these problems
This lady has never asked intelligent question. Within 3 weeks cement rose from 5k to 15k and you are talking about dry season. Is this the first dry season in Nigeria?
But they are still not selling at the #7'000 to #8'000 they agreed on... Please, the media house should do more on this. Poor people can't owned a building now and it's very bad for our country...
Under chief Olusegun Obasanjo,1999 Cement per bag was N600. But, chief Obasanjo & Atiku Abubakar monopolized Cement trades for Aliko Dangote, & since Dangote takes monopoly of Cement, price rose & climbing, up to N4,500 but now N12,000 per bag.
Na lie go kii you. I built my first house in 2011 and as at 2011, Ibeto cemetery was in the market. Obasanjo was not president in 2011. Confusionist.
How is smuggling of cement into Nigeria causing scarcity, smuggling causes surplus everywhere in the world except Nigeria 😂😂😂. Na wah for Tinubunomics
I think they meant smuggling out. Of course even that one is not enough excuse afterall it is not only cement that has increased in price. Tinubu should take the blame for his stupid policies.
This guest is practical and factually insightful in his explanations
Dangote's Monoploy game needs to end in Nigeria
This Govt is deaf and dumb!
This Man knows what he's talking about. Allow him to express himself. Let government employ the service of this man and follow his advices.
Knows what? Chairman of cement producers with no single factory. Does he have the capacity to manufacture? He only wants to import and sell. Nothing more.
@@miftaudeenabdulhameed1320
When what you’re producing can no longer meet the demand of the consumer, what will you do?
Do you know how many metric tons of cement used in Nigeria every day, and metric tons produced every day in Nigeria?
People can be allowed to import cement, you’re talking about jobs creation, those importing cement will still build facilities where the cement will be recycled and repackaged and employ people to work there.
Imagine ! bag of cement that was 3k to 4k, and you even have a ghost to say " we have agreed to make it 8k. Like you're have done a good job. Minister if don't have what to add is better to stay quite
IBETO was selling 1k a bag, the highest it sold was 1500 naira before Dangote and his gang destroyed it. IBETO had the best quality then with BUA
They will increase prices of items to a very high price then deceive Nigerians that it has been reduced to half. And Nigerians will foolishly accept the new adjustment. Cement of 4 thousand move to 15 thousand in less than one month and you are telling Nigerians you have agreed for it to settle at 7 and 8 thousand which is like 4 hundred percent increase. Have you increased peoples salary by that percentage? And Nigerians will take it and forget that the price has been brought down. I pity this country.
Dangote is the major problem in cement issues, and he's cooperating with the Ghanaian.
Nigeria is oil land and has no refinery. But an individual, Dangote again.
Indeed this man have said it all, if FGN want truth regards cement this man should be seek for his advice.
Still on a high price 8 thousand, cement should be sold for 2 to 3 thousand naira only 😂😂😂😂
Dangote has been fighting against having many players in cement industry. Buhari helped him by removing Ibeto from the picture
One person in the comments up there says is obasanjo, now you say its buhari. Na lie go kii una. Make una dey there dey beef rich man when in life Don good. Don't go and work hard. Co tinue beefing the rich and making excuses for your failure and the failure of your kinsman ibeto. Bunch of Confusionists.
I don't know what exactly is wrong with our leaders in this Country. Why all these unnessasary cement production and importation restrictions? why not allow for anyone who can produce locally go on?
He mentioned all these names of cement manufacturers and pretended that he do not know ibeto cement,Ibeto cement was a big name between 1999 to 2005
ibeto was an importer just like many others.....dangote faustrated his effort to become a manufacturer after the ban on importation.
IBETO was growing higher than DANGOTE cement had better quality and was still more affordable.
Best cement so far. And very low price. I believe ibeto is there problem
@@zat0076…. Ibeto produces cement in Nigeria…., don’t be silly 😮
United states only use cement for roads,bridges,parking lots and maybe pillars for skyscrapers.
Everything that involves less privileges is on the higher cost,the rish has enslaved the less privileges,the Lord shall fight for us.
Our leader are wicked.
7k to 8k is still very high. What type of nonsense negotiation is that. Do they buy spare parts for their plants everyday? Omo! It is simply an opportunity for the cement companies to make as.much money they can. The usual Nigeria man mentality......utter rubbish.
These people got rid of IBETO cement just because of tribalism, IBETO cement became a major competition for Dangote and they couldn't take it. The same thing they did with INNOSON these people are unbelievable
Why can’t cement be sold as it is sold in diaspora 7-8 is still much 😮
Why can't Ibeto be amongst the manufacturers or importing it? He has the capacity but, the government won't let him why? If business not supposed to be done by those who wants to do it? Marginalisation everywhere in Nigeria
Ibeto was given moratorium to manufacture cement instead he was only interested in importing cement into the country.
Federal government should issue licenses to people to produce more
When a criminal is at the top people becomes looters
Very discouraging. From below 5k in December 2023 to 7k in 2024? Rubbish
Sound man. Ready to say the truth. Difficult to find people like this man.
Again holding Igbo man down because of dangote petitions, Nigeria will never come out of this price increase. Ibeto is a pius business man more than Gangote who thrives by using Govt to holding other investors down.
It is time for Dangote to tell the world how he becomes the African richest man, does he compite in a free market or highly regulated market by govt.
This man cannot suggest a definite solution to this problem... You can see him talking about bricks
Dangote didn't disclose that his trucks are destroying the roads lin Ogun State and other parts of the country.
What is the cost of production of cement per bag? The price is too much and the monopoly of production should stop immediately.
We joke too much in this country. Chairman of cement producers with no factory. Not talking of manufacturing but importing cement which is not banned from import. He has not shown how import will be cheaper than manufacturing. If cement is more expensive in Nigeria. Nobody will be smuggling it out of Nigeria
Reduced prices for cement; I hope the South-East is not exceeded in the regions mapped out. Wouldn't be surprised if that happened...
Mokpe try to do more as A journalist, bcuz u & makide are not too good as A journalist.
Who are those that encourage duty for 5% to 55%
Foolishness! The tax collector in chief.
Nigeria government doesn't know what they are doing, bring in more companies to product cements for mass only 3 company can't do that, and that's them decided to ingress it anyhow them want.
Looters of public funds how many of them are in jail right now.or is that not classified as crime?
When listen to a man who gets sense you will know,this man is one
Why is a man like this with the expertise and acumen in this area not present in that meeting.
What does the minister know about d business, he would only agreed with d lies of d manufacturers.
You people are oppressing d masses
God will judge!
Thankfully.... this is the fact. This is how to get out of this quagmire.......
Before they said 3500 to 3000 but now is 7k to 8k and why only two persons have the licence to import or manufacture cement in Nigeria.
Let others come forward to manufacture now. Only the ones with capacity are doing it. Others just want to import and sell. Let anyone with capacity to manufacture come forward and tell us it's the government stopping them from manufacturing.
But they are still selling in Benin Edo state for 13,000
The only way to get cement price to normalcy is to open our borders not only cement also rice and some other things to come into the country,that is the only magic that will rescue our nation Nigeria or else nothing can be done for now
The man is saying the truth. Let government issues free import duties for cement and foodstuffs Let see what we happen.
It’s disdainful to add the word “Excellency” to a deeply immoral man, Tinubu. Gosh!
Since under ex-president Olusegun Obasanjo, who monopolized marketing of Cement for Aliko Dangote, who increased per bag of Cemrnt at N600 per bag, to N4,500 as of December,2023 now to N10,000 per bag.
Give Ibeto license to start producing cement and stop the monopoly dangoge is running in Nigeria
More cement factories are needed to match the needs of the construction industries in Nigeria. 3 factories can never be enough to meet the demands, considering the fact that Nigeria is fast developing.
Go to republic of TOGO and GHANA go and look for many thousands of DANGOTE cement trailers and selling it even cheap pass how it's selling in NIGERIA even cheaper than there own cement,
Devaluation of the Naira favoured diasporans so they decided to build more, thereby creating much demand for cement and an eventual price hike.
Bricks is best but you need energy to burn it. What about environmental impact of mining laterite?
This Nigeria government is not think Will at all, we 36 states Nigeria only Dangote cement function will what to other states, okay see this in the media said as big as Nigeria but your people only use Dangote cement. Is now your people wake up good morning, Egypt have 51 but your only 3 as big as Nigeria what shame.
Increase supply and complete.
They create problems, then they pretend like they are trying to fix the problems. Shebi, BUA promised 3,500 cement? Dangote refinery nko??😊
Naija with the ability to grab defeat from the jaws of victory. Like Yakubu ayegbeni empty post goal miss.
How can dey blame smuggling as a cause of the hike in cement price?
If cement is taking outside the country is not part of the export we are talking about and we wanted?
Government should just give more people license to produce not creating monopoly for few individuals to enjoy
Obasanjo sadly monopolized cement industry in the hands of dangote.
Ibeto wanted to go into cement production, but was denied entry into the business.
When manufacturing facilities are no longer meeting the demands of the people, then why can’t other people go into the business.
This issues of energy did it start today. everytime talk talk stop the talk, start doing something.
I bought for 11,500 naira. I learnt the price is now 15,000 naira. Oga, all your grammar will end in nothing being done.
result of cost_push inflation
Dangote is not a business man but a politician
No Ibeto..
who is attacking who???
some group of people underknow people
who are kidnapping people
some group of people same underknow people
Imm
7-8k as if we are talking of 1500 naira here. God will punish all of you inflicting pains on us.
This man should be our Minister of Trade. Very crystal clear and educative analysis of the cement market and Nigeria's balance of payment deficit issues.
Thank you tinubu❤😂
As long as the trade restrictions remain, there is zero incentive for cement manufacturers (or producers of any other product) to improve efficiency or try to reduce prices in any way.
Tinubu is total failure
Talk is cheap you people want to import cement God I beg
Nonsense man
You guys are only good in talking
Naija ! no be small one chance we enter- i pray we learn from this painful experience.
Chibilin you are one of nigeria problem , l surjest you watch your overseas partners in jornalism and learnt how it’s practised, stop this fear of losing your job and work for the interest of your country nigeria and not for nigerian politicians .
APC you people are disaster to us.
All this you are talking now if we vote you in now you will forget all. nonsense.
We should compare this with other countries now
He purposely and tactfully avoided mentioning Ibeto from his list, even when he was reminded by chamberlin, we can't succeed or survive with this level of bigotry/tribalism as a country😢😢😢
That
He mentioned Ibeto too my friend
@@taiwooshodi8615leave them let them be fooling around
Thank god for Dangote, if not for him we would have been importing Cement from france and togo...
very soon fuel importation will stop too
Why is a man like this with the expertise and acumen in this area not present in that meeting.
What does the minister know about d business, he would only agreed with d lies of d manufacturers.
You people are oppressing d masses
God will judge!
That lady used to be fire herself but is like Nigeria has happened to her