"Profit From Nigerians' Pain" - BKO Says As Tinubu Directs Dangote Cement, Others To Crash Price
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- Опубліковано 29 лют 2024
- President Bola Tinubu has directed Dangote, BUA, and other cement manufacturing companies to revert to the old price of the commodity.
The idea is to ease the economic hardship Nigerians are going through.
The essence of humanity is to feel another man's pain and help take it away.
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If they refused , then the government has no choice than to open the border for Cement to come in. Period.
We can obviously see where you stand. You want the country to grow and you're still reverting to importation of foreign product. A fight that all developed nations are trying to win. Do you think China will be what it is today if they open the border for everything?
You're not concerned about the inhumane actions of the privileged Nigerians who cause inflation because of selfish gain?
Tinibu should bring down the price of fuel and fix pir electricity
Did you listen at all or did you just come to comment? Omo Nigerians ehn
6k is even too much. Cement should not be more than 3000
Let the Government build an open competitive market, and diversify the economy system, that’s the way for 🇳🇬
Where's the government in regulating the price?
Dangote will never willingly reduce cement prices because Dangote wants to remain the richest man in Africa at any cost. The man is heartless to say the least
😂😅😅😅
0
You are not making sense because the increase in cement price has nothing to do with Dangote but the middle men and retailers
@@kenduzouir ah that's another point of view too o 😂😆 dangote is not the one selling it 15k, it's the middle man , wow nice thinking o
Q@@seyioyetade
The problem of our economy and the hardship being felt by the people will never cease as long as we all remain crazy about making profit at all cost. Everybody is guilty of this and without changing this mentality, we are in for a long stretch of problems.
BKO is so very enlightened. He speaks with facts, evidence and realities. He dissected the topic in a way a lehman will easily understand and digest the topic. Nice one man!!
And surprisingly, he has a lot of gullible haters.
@@giwaahmed5961Even Jesus had haters 😂
If you're not making impact nobody will hate you
This is just wickedness, DANGOTE is EVIL
Not only the cement. All building materials should be checked. The moment the price of cement goes up all others follow. The Iron rod, POP cement, Tiles, the planks and sand with granite.
All these should be checked and addressed.
Why are new licence not been granted to new companies in each geographic zone
Every state here in uae have there cement factory why is it dagote feed Nigeria why?
BKO is still the best,he speaks with facts and figures ❤
Cement!
Why not food?
The President should be more concerned about the food his people consume, it comes first.
Cement is also important as for the food the govt should punish hoarders first then produce more food.
what about the house you live in and are going to move into in the future? last time i checked, shelter is also one of the 3 essential things needed for a person to survive
If u don’t know what to say just shut up ur mouth.
This guy is Mumu
This guy is mumu
Good moves
I ask why is this same Dangote cement cheaper in other African countries ??? Why cant the president see this Dangote as part of those out to Destroy his government by creating pains on the citizens bcs this price of cement has also affected house rent and also a lot of people has lost their jobs bcs many projects are on a standstill, the president should give more people like ibeto and others licence to import cement or declare emergency on cement so the price will crash
That is a very good question the reason is that it is not the Dangote Company but many middle men and retailers that is just increasing the price anyhow
Has the government or even cement manufacturers told us the reason for the increase? The price is set by Dangote who is close to the government so it can't be sabotage. Also the last time gov't brought down prices, they had to pay the transport companies. Have they started paying cement subsidy?
This is what we want to hear from a president in charge, not like buhari that anyone in authority does what he wants and get away with it
Blame obasanjo for the monopoly dangote is enjoying
Exactly!
Hmm. Blame A, blame B. For good 8 years of Buhari govt blame pdp, now dis present govt blaming Buhari, soon u gonna blame God dat gave us all this natural resources. Is better our govt do d needful 😅
That Dangote is part of federal government committee to find solution to Nigeria economy,dey play 😮
We hurt ourselves in this country
And then we blame tje government.
What happened to ibeto cement and why did federal government of Nigeria stop him?
You did not know the reason behind it but you're sounding as if the government is the villain. You think the government is against you but the government is actually protecting us in ways we cannot tell.
When Elon wanted to come mine lithium to make batteries for electric cars, the government said they'd give him the privilege to do that if he'll open his plant here in Nigeria and also employ Nigerians. Elon said he can open his plant in Nigeria but he can't employ Nigerians. The government then said they can't let him mine from Nigeria.
After hearing the news about the government denying the world richest man access to mine in Nigeria, Nigerians went online to say silly things about the government without knowing that the investor only wanted to take our mineral without giving knowledge of electric car batteries to Nigerians through employment.
The government is not always the villain. Don't be blaming people unjustly.
How many people used cement in the country, but almost everybody linked to fuel cos if fuel rises then everything will goes up especially food stuffs
Garri too is found here oo.
But fuel is also sourced locally, ha?
Let more players be allowed in to the cement industry.
It’s just wickedness 😢😢😢
Where are we going to because of what reason and we feel happy about the nature of things
😅😅😅😅😅 so by just decree they will al just obey.
Bcos no b business them dey do
Please how many cement companies do we have?
Before now, Dangote cement, was more expensive in Nigeria than in Ghana, Where were the journalists? Abeg make una keep quiet. The government knew that Nigeria depended on refined oil for their industries, transport farm produce and workers, for years Nigerians encouraged fraudulent import of Petroleum products at the expense of their own moribund refineries. Where in the whole world, do economies encourage imports rather than value added processed goods. Abeg we all need to check ourselves.
What about rods?
"Sabotage" is their key word now
Tinubu and his cohorts are so clueless, what happen to the process of demand and supply.
So you're justifying inflation because it suits you😂 We really need to look into this selfishness of a thing. It's eating us up
In fact look et with me the government shld open the borders and flood the country with cement.That way those who hv monoplised the industry for decades wld beforced to bring down their prices.Abeg enough is enough.
Cement Cartel indeed
This is the consequences of privatization and government inability to manage a prosperous economy.
Because businesses are designed to make profits nothing more and nothing less.
Also, devaluation of the naira is what is responsible for the price increases in food items and cement including other commodities.
Because companies obligations are focused solely on maintaining their production line and which includes maintenance of their equipment.
Perhaps they need foreign exchange to procure their spare parts required to keep their equipment functioning properly.
However, the only option for the government is to allow imports of cement to bring down the high cost of cement in the country.
Which is a double edged sword in that it will increase unemployment in the country and promotes employment in foreign countries.
Therefore, the government should either negotiate with the cement industries in the country or temporarily subsidize them pending the recovery of the economy.
Because construction companies are vital tools for development, employment and economic recovery.
Therefore, government should act fast on how to bring down the high prices of food items, cement products and other commodities in the country.
Kudos
It is not devaluation that affects cement prices in Nigeria....it is cheer wickedness and monopoly of Dangote and BUA. Over 90% of what is used for cement production are sourced here in Nigeria....so why the increase from #5,500 to #15,000 per bag of cement in a space of just one month??
@@kissprecious
What is the current exchange rates of the naira to dollar?
Devaluation of the naira is the catalyst that spikes high inflation rates in the country, and which leads to high prices of food and goods.
And including bank savings.
@@kissprecious compliment
First off, the fall of naira is as a result of the activities of Nigerians on the finance black market. Check out the story of why binance left Nigeria
Secondly, I'm amazed that you mentioned opening of borders but I like the fact that you mentioned the unemployment issue it will cause. Are you also aware that no country survive on importation of goods? If that's what make developed countries, China would be the poorest country today because they locked all their border for ten years now they're one of the biggest exports in the world.
If we continue to consider opening the border at the sight of any economical issue then we're not ready to develop as a country. Maybe you don't know but no developed country is surviving on importation. As a matter of fact developed countries are making money by exporting to underdeveloped countries.
And you people forget the most important point: the number of people who buy these commodities have significantly reduced
Dagote will never die well watch out
GOD BLess BKO , and TVC NEWS Station, thanks so much, For doing great Nigeria's people's.
I'm as much as I don’t like tinubu as Nigeria president. Those sets of cement companies owners are more deadly than tinubu. Greedy set of men, but I blame Nigeria government still give more people's licenses to import cement
Food that is on the high side is it imported
Please we are beginning Mr president tinubu to open the border to rescue a common Nigerian, things are harder in my country Nigeria
You all are saying open border open border. You think foreigners will sell their own cement to you cheaper after hearing what indigenous manufacturers are doing?
Or do you think developed countries survive by opening border?
One major thing that affects the price of any commodity is inflation and devaluation of currency. When you devalue a currency by 100%, for instance, it means the price of commodity will double. Now, anybody sell their product at the old price is sell at a big loss. Because the old value of that currency is not the same today. Expecting dangote to reduce the price is not realistic. So many companies like Nestle and MTN are already seeing big loss.
Are you aware that the recent fall of the Naira is actually the handiwork of the citizens? Check out the story of binance and why they had to leave Nigeria.
Some of these things are the aftermath of the activities of selfish and greedy Nigerians
this is just new talk cement is 11500
Even Indomine 10,000 is not good 😢
Ole oni.isinmi.
let dangote just price in dollar
It Tinubu has not reduced the price of petroleum, he can’t tell anyone what to do
You need to understand that the petroleum price did not increase. The government only removed the money they've been payment whenever a citizen buys fuel.
What that means is that when fuel was 60naira, government was paying 540naira per liter for the fuel that every Nigerian bought
When fuel became 100 naira, government was paying 500naira per liter for the fuel every Nigerian bought
When fuel became 200 Naira, government was paying 400 naira.
What it means now is that the government subsidized the amount of fuel for years and now they have other issues to deal with and debts to pay so they decided to divert the money they were pumping into fuel into other things.
Why are you quick to judge the manufacturer who's out to make a profit and not blame your clueless president who bought his way to the office?
you are a fool
Dangote is a criminal
WE MUST BRING IN CEMENT, BEANS, RICE, GARRI, ETC FROM OTHER WEST AFRICAN STATES....TO CRASH THE HIGH PRICES AT HOME....
And then the economy will grow abi?😂
Jokers 😂
Instead of solving the problem once and for all you want to improvise as if they won't close the border later on if it's time for the country to be developed.
Or do you think U.S or China is developing based on importation? Other countries are trying to expand their export margins you're hear shouting 'open the border '😂 God have mercy
Even those who bought cement at the old warehouse bulk price end up selling at the new increased price, thereby making 100% or more in profit. Nigeria is a zoo scam. Shege!!
Finally! Somebody understands it. Everything is not government, we as Nigerians are selfish and greedy
God we thank you for given us Tinubu
May we never be ingrate again in Jesus name
God Almighty we know that we have sinned and come short of your glory, Sir our Daddy, please forgive us in Jesus name.
We lift our eyes up onto You, that you pardon us in Jesus mighty name
They should open the borders
That's not the solution trust me.
Nah cement we go eat😂
Shey na on top tree you go sleep. Smh
@@captainmudia if person no fit eat how would he be thinking about sleeping 🤣🤣🤣🤣. In fact don't worry since nah cement be your problem government don subsidized cement I hope you can turn it to soup so that you can sleep well🤣🤣🤣.
Is still part of what we need as foods are also important.
@@muritalaakande69 bro imagine a nation where an average Nigerian cannot afford to buy tea and bread for his morning breakfast and you have someone insisting that we should solve cement price problem. I can't even believe that at the time of inflation we are debating cement is more important than food.
If cement come down, other things will follow
what exactly is overpricing.... you want private companies to take the hit for your daftness. BKO rather due with Tinubu than see Nigeria progress. Open the borders na, who will afford the product, never mind when all these companies downsize na when your head go correct.
Tell us, what good will it do to Nigeria if they open the border?
Not only cement company even pretty traiders
That one is the issue of our people as Nigerians. Taking advantage of the situation is something Nigerians do on a daily. It's not government fault at all.
What happened to ibeto cement Teribarism killing nigeria
Learn to spell before you come and spit rubbish here. Everybody is being affected and you're calling tribalism.😂 Na the only thing wey dey your head be that. Blaming others for your misfortune
Tinubu is falling for the same hungry lions preying NIGERIANS
Saboteurs who do not pray for the success of this government. PBAT should break their monopolistic status and ensure that they pay appropriate taxes.
Price collusion
Absolutely
Jide your too hypocritical; the government of the day is also insensitive, how do you move fuel price from 165 to 650 within seconds of your administration; doubble standard
I swear TVC nor get sense. Always defending rubbish. Can't you understand that diesel is very expensive and everything about cement factory works on diesel. Tell your president to bring back subsidy.
In addition I think tvc manufactures machine parts and has skilled workmen that can fix said machines when they break down...and those workmen never use drugs manufactured outside the country, never need doctors to treat them, never need syringes..they also use made in nigeria transport systems whose parts are also made in nigeria..
Your comment smirks of politics..pure and simple no economic sense in what you're saying! So you want them to sell at prohibitive prices?? Senseless rant
This shows that Tinubu doesn't know what's happening in this country.
JIDE GOD WILL PUSHING YOU nah cement we go eat😂
Nigeria is not a country
you who are a fan of Tinbu... it's just the beginning
This guy na mumu
In fact listening to this BKO analysis it always irritate me. I dont know why he just choose to love one person thàn whole country. I am an engineer. We are buyi 12mm one length for 4,500 last year may now we buy one length for 13500. Locally iron rod. Iron ore is found here in Nigeria. Look into that one too. Instead of us to treat the real issue. The govt that cant bring down the value of dollars. A govt that devalued naira abnormally is ordering manufacturers to sell at old price. We expect the govt to take dollar back to 430 that he met it. This same govt ordered the releade of 102 metric tons of grains. Pls where is that grains
If Innosun motors was from the north, he would have been given monopoly and all the protection like Dangote is enjoying. Nigeria is not moving forward cos of the hatred for the ibos.
Stop saying rubbish. Have they not reduced the importation of foreign cars? You're so self conscious that you believe everybody hates you.
I stay in Lagos and I've seen several Innoson vehicles even some federal agencies use Innoson. Is it not a widely accepted product that will be monopolized?
Why will they monopolize a product that even your own Igbo brothers are bad mouthing? You come here and play victim. Innoson is in Anambra, what's the percentage of people in Anambra that are using Innoson?
I know two prominent people in Nigeria that use Innoson, one is the Governor of Anambra and the second one is a King in Osun State.
I am not Igbo but I argue with my Igbo friends just to defend Innoson. Yet you come here to say people hate you. Just confess that you're still feeling the guilt of the civil war and stop playing victim abeg. That prank don expire
Give who win election and stop the propaganda, Nigerian are not stupid
Who won the election???
Talking about bags of a cement for