NIGERIANS LASH OUT AT ALIKO DANGOTE OVER REPORTED EXORBITANT CEMENT PRICE

 




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.” 

 

News continues after this ad

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. 

 

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”

 

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. 

 

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.” 

Comments

Post a Comment

Popular posts from this blog

Legislators Pass Vote of No Confidence on Lagos Council Chairman

Image
  The last has not been heard in the internal wranglings bedeviling Agbado Oke Odo Local Council Development area of Alimosho local government area of Lagos state as legislators in the LCDA on Wednesday passed a vote of no confidence on the Executive Chairman of the local government,Engr David Famuyiwa The Councillors led by their leader, hon Ogunyemi Olatunji unanimously passed the negative motion on the chairman and gave reasons for their actions Among the offences leveled against the council Boss gross misconduct,promotion of caucuses against the directive of the party ,which led to the inability of the council to  properly fund the ruling All Progressives Congress (APC)in the local  The legislators further disclosed that the Chairman has continued  to deny  them attendance of their seminars both locally and internationally ,as well as reckless spending of resources not allocated or approved by them  They also accused the council Boss of working against ...
Read more

Tafa Sego Escapes Assassination Attempt

Image
The Chairman of the Lagos State Council of the National Union of Road Transport Workers (NURTW), Alhaji Mustapha Adekunle Adio, popularly known as Tafa Sego, narrowly escaped an assassination attempt on Saturday  after six armed men reportedly stormed his residence in Surulere, Lagos, with the intent to kill him.  Fortunately, he was not at home at the time of the attack. Sources revealed that the assailants arrived his residence at Gbadamosi Close, Surulere, around 11pm on Saturday night .  Upon arrival, they encountered only the security guard, whom they tied up before ransacking the entire house in search of the union leader. It was gathered that Alhaji Tafa Sego had earlier left for an event with a few of his associates who had visited him earlier in the day. The invasion sent shockwaves through the neighbourhood, with residents expressing fear and concern over the unprecedented incident. Many worry that the attackers may return to launch another assault in the area. ...
Read more

Hon. Abiodun Yinusa: Championing Agriculture, Social Welfare, and Youth Empowerment across South-West

Image
  Hon. Abiodun Yinusa, Special Assistant to the President on Agriculture, is quietly but steadily making a difference in the lives of thousands across Nigeria, especially in the South-West region. Through his commitment to agricultural development, poverty alleviation, and youth empowerment, Hon. Abiodun Yinusa is delivering tangible results and restoring confidence in grassroots governance. *Quarterly Fertilizer Support to Boost Food Production* Understanding that agriculture remains the backbone of the Nigerian economy, Hon. Yinusa has prioritized the needs of smallholder farmers through a quarterly fertilizer distribution program. Farmers in Lagos, Ogun, Oyo, Osun, Ondo, and Ekiti states receive regular supplies of high-quality fertilizers to help improve crop yield and reduce production costs. This consistent support enhances productivity, ensures better harvests, and contributes to food security in the region. The initiative aligns with the Federal Government’s food security a...
Read more