By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Experts Ask Dangote To Reduce Price Of Cement As Unscrupulous Dealers Cash out
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Experts Ask Dangote To Reduce Price Of Cement As Unscrupulous Dealers Cash out

Okay.ng
By Okay.ng
Published: October 6, 2023
Share
4 Min Read
SHARE

Ever since the bombshell dropped by BUA Group Chairman, Abdul Samad Rabiu that he was bringing down the price of cement there has been clamour for the reduction of Dangote Cement price. This is because he controls the larger share of the market and if BUA can bring the price down, there is no reason why other major stakeholders cannot do same.

Rather than take a cue, react to what BUA has done, Dangote has unfortunately kept quiet with a view to maximizing on the price disparity.

Unconfirmed reports claim that cement dealers  as well as distributors have been rebagging BUA Cement and selling it as Dangote Cement thereby making the BUA brand unavailable. This according to our findings is to ensure that they make more profit from the current situation.

Investigations also revealed that some of the marketers have been claiming that they have not had supplies from BUA cement and so they cannot sell at the new rates.

- Advertisement -

Our findings however negate this. What we see in all these are attempts by marketers to make unnecessary gains at the expense of the common man.

Nigerians from all walks of life have been calling upon Dangote to adjust his own price to reflect the new reality. His refusal is giving the marketers and distributors the leeway to rebag and sell BUA products as if they are his own at exorbitant price to Nigerians and he’s making huge profit at the expense of Nigerians.

Only yesterday,  Real Estate Developers Association of Nigeria, REDAN joined many stakeholders to urge Dangote to bring down the price of his own product so as to reduce the burden on Nigerians.

While commending Abdul Samad Rabiu for bringing down the price of cement to 3,500 naira, REDAN President, Dr Aliyu Wamakko who is also the Chairman/Chief Executive Officer of Jedo investment challenged Aliko Dangote and others in the cement business to emulate BUA.

- Advertisement -

“We in REDAN commend Abdul Samad Rabiu for his integrity, his tenacity and for being a fairly business person, and for that reason we call on other gladiators in the built industry that produce’s building materials to follow suit, somebody like Dangote and the rest of the people producing cement and other building materials in the country .

Many more groups are clamouring for same.

Building experts believe that if DANGOTE does not act on this, it simply means he doesn’t have the interest of Nigerians at heart and the industry will be plagued with crisis soon. A situation where two major players are selling virtually the same products at such different prices will ultimately play into the hands of unscrupulous distributors who will try to maximize by selling the cheaper ones at a costly price to make more profit, they added.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByOkay.ng
Follow:
Okay.ng launched under OKN MEDIA PUBLISHING (RC Number: 2993580) in the year 2012 is an independent digital news platform with thousands of page views and unique visitors every month
Previous Article Mohbad’s Death: Primeboy Surrenders to Police After Being Declared Wanted
Next Article Lawyer Explains Why Tinubu’s Certificate Indicates Female

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Police Blockade of PDP Secretariat Triggers Political Turmoil and Heated Reactions
Politics
APC Welcomes Kwankwaso Back to Collaborate with President Tinubu
Politics
Olubunmi Tunji-Ojo
FG Hails Success of E-Visa System, Processes Over 14,000 Applications in Six Weeks
News
Google Releases June 2025 Core Update
Tech
NELFUND
NELFund Warns Students Against Fake Loan Portal, Urges Caution Over Fraudulent Links
Education
- Advertisement -
Ad imageAd image

You May Also Like

International

Tinubu and Saint Lucia’s Prime Minister Agree to Establish Formal Diplomatic Relations

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 30, 2025
Ali Bukar Dalori
Politics

Ali Bukar Dalori Assumes Role as APC Acting National Chairman After Ganduje’s Resignation

Muhammad A. Aliyu
Muhammad A. Aliyu
June 30, 2025
MI Abaga
Celebrities

MI Abaga Expresses Regret Over Past Support for APC

Damilola A.
Damilola A.
June 30, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?