THE Cement New Entrant of Nigeria, CNEN, weekend, expressed disappointment at the disregard of the directive of President Goodluck Jonathan to cement manufacturers to crash the price of cement from N2,700 to N1, 000 per bag, saying that the current price of N2,200 at the expiration of the 30-day presidential order was meaningless.
Chairman of the group, Mr. David Iweta, said in a statement, that instead of obeying the directive, “Cement manufacturers are flooding the market with imported cement instead of locally manufactured cement and secretly importing finished clinker for grinding in their local plants.” He said, “Cement manufacturers are claiming that cement price has dropped by 25 per cent from N2, 700 to N2, 200 per bag, which is very temporal and cannot be sustained. Without deliberate decision of Mr. President to release pending licences and revert to five per cent duty, the price of cement will remain high and unaffordable.”
According to him, “the N2, 200 price is too high. Cement was not this high during the government of the late Alhaji Umaru Yar’Adua, when he intervened by issuing cement import licences to one company each from the six geo-political zones, which stabilised the prices at N1,200 to N1,400 per bag at retail cement shops all over Nigeria from 2008 to 2011.
“Cement manufacturers promised Mr. President to crash the price within 30 days. From the above analysis, the only reduction average is N50 per bag.”
Is this what they understand as crashing”? he queried.
As a way out, he implored, Mr. President to approve and release the five-year straight one million tons per year cement import permit pending on his table for Madewell Cement Jesse-Sapele, Reagan Cement EPZ Calabar, Wescom Cement – Lagos and Gateway Cement Ogun State and reverse the 35 percent duty imposed on an already expensive essential commodity to five per cent.
Further he said, “it is sad and shocking to discover that cement manufacturers hide under the cover of importation of complete 100 per cent manufactured clinker from foreign factories for grinding by deceiving Nigerians and government that they are rolling out cement from their local plants, when they are surviving on clinker import through a less busy Port of Calabar, pretending to be importing wheat to divert attention of Nigerians and these companies do not pay duties on this product.”
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Posted: at 20-06-2011 12:10 AM (12 years ago) | Addicted Hero
Reduction in the prices of cements must follow some modalities. There some things the government herslf should have put in place to encourage manufacturers especially electricity. These manufacturers are business men and not NGOs. They need to make profit too. God will assist PGEJ for solutions for every challenge before him now.
Posted: at 20-06-2011 01:53 AM (12 years ago) | Upcoming
frayobkk at 20-06-2011 04:15 AM (12 years ago) (m)
Quote from: LOYOLAR on 20-06-2011 01:53 AM
Reduction in the prices of cements must follow some modalities. There some things the government herslf should have put in place to encourage manufacturers especially electricity. These manufacturers are business men and not NGOs. They need to make profit too. God will assist PGEJ for solutions for every challenge before him now.
Am am against a succesfull biz man bc am in to biz to , but mind u that if there is no reason for that Goodluck shouldnt have ask him to reduce the prince. Ok look at it this way 2010 how rich was dangote? just under one from 9 position is african richest man to number one ,he was to obey the gov or is more than gov? i guess u will not missunderstand by thing am jealous of his guick riches am not and can never do bc is GOD that gives wealth even if i envy him am just killing my self just try understand what am trying to piont out here this man is using out ppl , bc when OBJ was there his own is only give me what i want and i will give u what u want . Go to other country b4 company fixt up price the have to negociate it with gov bc u are selling that goods to masses and gov and responsible for the wallfare of masses
Jesus replied, "What is impossible with men is possible with God." Luke 18:27
Posted: at 20-06-2011 04:15 AM (12 years ago) | Gistmaniac
frayobkk at 20-06-2011 04:18 AM (12 years ago) (m)
Quote from: kenolis on 20-06-2011 03:08 AM
make una kill una self there...i no fit hold fight
Is that all u can say ...if you ask me i will tell u that this is for the good of all Nigerians . now u are seeing it as if there are fighting and if i may ask fighting for what , the president is fighting for the good of his ppl u know that many things has been misspalce it will took goodluck a lots of time to put things in other i pray that GOd will give him more wisdon to lead this corrupt Country
Jesus replied, "What is impossible with men is possible with God." Luke 18:27
Posted: at 20-06-2011 04:18 AM (12 years ago) | Gistmaniac
frayobkk at 20-06-2011 04:26 AM (12 years ago) (m)
I could rememebr when OBJ open his Librairy how much Dangote give him to lunch on that occassion But after that just few weeks he increase all this goods tell me how can same person he give so much will ask him to reduce the price of thing See let me tell NIGERIAN is only in Nigeria that price of things change everyday . Since i have been traveling many country i have been ppl know the price of goods . go to the big shop is the same price, go to the small shop is the same price. but in Nigeria is not the same bc u can someone #100 in the morning and in the afternoon the price will become #150 tell me how can the poor ppl suvive in this of situation
Jesus replied, "What is impossible with men is possible with God." Luke 18:27
Posted: at 20-06-2011 04:26 AM (12 years ago) | Gistmaniac
frayobkk at 20-06-2011 04:46 AM (12 years ago) (m)
All this yahoo guys that are spoiling the name of Nigeria cant u guys stop for once and find a better job every site in the world u are ar there looking for who to decieve i pitty ur victims bc i think he that is not greedy can never fall the victim of froud
Jesus replied, "What is impossible with men is possible with God." Luke 18:27
Posted: at 20-06-2011 04:46 AM (12 years ago) | Gistmaniac
All this yahoo guys that are spoiling the name of Nigeria cant u guys stop for once and find a better job every site in the world u are ar there looking for who to decieve i pitty ur victims bc i think he that is not greedy can never fall the victim of froud
they need to be handle with a IRON HAND
Posted: at 20-06-2011 08:40 AM (12 years ago) | Grande Master
Jeonleon at 20-06-2011 08:58 AM (12 years ago) (m)
Mr. President, just give diz Onitsha and Aba guyz the licence to import freely, n I bet u, dey wil do 2 cement wat dey did 2 electronics....u'l be surprised 2 find a bag going 4 as low as N500...
Posted: at 20-06-2011 08:58 AM (12 years ago) | Upcoming
If he refuses to crash the cement price let the fed gov. give everybody who want to import it licence to do so without any obstruction
Concur. Afteral he is not bigger dan the govt. But i wonder y government cant do a follow up in her laid down rules, that is the same tin with the removal of embargo on some imported goods, uptil now, the embargo is still there, u cant bring in foreign fabrics from Benin here, meanwhile it was announced for a long time dat such and many more should be allowed free movement, yet the govt is not checking weda the rule/law is being carried out. I bet u if drastic action is not taken, the prices of cement will not crash.
Posted: at 20-06-2011 10:00 AM (12 years ago) | Hero
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