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Expert Reveals True Cost of Dangote, BUA, Other Cement Brands, Identifies Those Responsible For Exorbitant Prices

<p><img width="800" height="484" src="https://www.naijanews.com/wp-content/uploads/2024/03/cement.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/03/cement.webp 800w, https://www.naijanews.com/wp-content/uploads/2024/03/cement-300x182.webp 300w, https://www.naijanews.com/wp-content/uploads/2024/03/cement-768x465.webp 768w" sizes="(max-width: 800px) 100vw, 800px" /></p> <h2>The Chief Executive Officer (CEO) of the Centre For The Promotion Of Private Enterprise (CPPE), Muda Yusuf has stated that the manufacturers of <a href="https://www.naijanews.com/topic/cement/">cement</a> are not responsible for the exorbitant prices of the commodity in the market.</h2> <p>Yusuf claimed that the current price of a bag of cement by the major players is less than N7,000 per bag.</p> <p>He stated this a statement made available to Legit.</p> <p>Reacting to the invitation by the <a href="https://www.naijanews.com/2024/03/13/lawmakers-summon-dangote-bua-others-over-increase-in-price-of-cement/">House of Representatives</a> to cement manufacturers, including Dangote Cement and BUA Cement, Yusuf insisted that they cannot be blamed for the exorbitant price situation.</p> <p>He asserted that those within the cement distribution chain are responsible for the exorbitant prices.</p> <p>He added: “<em>The high cement prices is a regulatory issue that could be addressed within the framework of the Federal Protection and Competition Act of 2018.</em></p> <p><em>“The Federal Competition and Consumer Protection Commission [FCCPC] has a responsibility to ensure compliance with the Act to ensure the protection of the interests of the consumers and the public. If there are proven lapses in this respect, the FCCPC should be held to account.</em></p> <p><em>"The current ex-factory price of cement by the major players is less than N7,000 per bag. It follows that pricing issues and the culprits could also be within the cement distribution chain over which the manufacturers have limited control.”</em></p> <p>Speaking further, Yusuf stressed that lawmakers’ invitation and choice of words during a debate at the plenary portrayed cement manufacturers in a bad light.</p> <p>“<em>We appeal to the national assembly to always extend due courtesies to investors in the economy in the course of their legislative duties. They deserve to be addressed with respect, courtesy, civility and fairness. </em></p> <p><em>“The logistics cost of cement distribution is humongous, given the escalating cost of diesel and the state of the roads.</em></p> <p><em>“Exchange rate depreciation is taking a huge toll on the cost of imported components of production inputs, including spare parts and machineries. Cost of fund is mounting as the CBN continues its aggressive monetary policy tightening. Latest headline inflation for February was 31.7%. “All these are variables which are not within the control of the manufacturers and which have profound impact on production and operating cost,”</em> he added.</p> <p>The post <a href="https://www.naijanews.com/2024/03/18/expert-reveals-true-cost-of-dangote-bua-other-cement-brands-identifies-those-responsible-for-exorbitant-prices/">Expert Reveals True Cost of Dangote, BUA, Other Cement Brands, Identifies Those Responsible For Exorbitant Prices</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>

mingooland · · 2 min read
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General

BBNaija Queen: I Deleted Skit Video Mocking Lord Lamba For A Reason – Nasty Blaq

<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2024/03/Queen-Mercy-and-Nasty-blaq-1000x600.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Queen-Mercy and Nasty blaq" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/03/Queen-Mercy-and-Nasty-blaq-1000x600.jpeg 1000w, https://www.naijanews.com/wp-content/uploads/2024/03/Queen-Mercy-and-Nasty-blaq-590x354.jpeg 590w, https://www.naijanews.com/wp-content/uploads/2024/03/Queen-Mercy-and-Nasty-blaq-400x240.jpeg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p> <h2>Nigerian skit maker, Asibi Emmanuel Ezechukwu, better known as Nasty Blaq, has disclosed he deleted a recent skit video mocking his colleague, Lord Lamba, over reason best known to him.</h2> <p><strong>Naija News</strong> reports that in the wake of the engagement of <a href="https://www.naijanews.com/topic/bbnaija-queen/" target="_blank" rel="noopener">Big Brother Naija Star, Queen,</a> to her longtime friend, David, Nasty Blaq stirred backlash online over a controversial skit video taunting Lord Lamba.</p> <p>In the skit video, which many believed was a subtle shade to Lord Lamba, Queen and Nasty Blaq opted for the termination of a pregnancy.</p> <p>However, the duo had a change of mind about having the baby following the procedure the medical doctor listed and the high-cost implications.</p> <p>The skitmaker was attacked online, as some netizens suggested that it was a shade at Lord Lamba, who didn't accept their child's paternity until Queen announced her engagement to David.</p> <p>In a post via his Instagram page on Monday, Nasty Blaq wrote, <em>"I had to delete the video I did with Queen for a reason."</em></p> <h2 class="mvp-post-title left entry-title"><a href="https://www.naijanews.com/2024/03/04/why-i-did-not-publicly-claim-my-child-with-bbnaijas-queen-lord-lamba/">Why I Did Not Publicly Claim My Child With BBNaija’s Queen </a></h2> <p>Meanwhile, <a href="https://www.naijanews.com/topic/lord-lamba/" target="_blank" rel="noopener">Lord Lamba</a>, has opened up on his reason for not publicly claiming his daughter with Big Brother Naija star, Queen Mercy Atang.</p> <p><strong>Naija News</strong> recalls that<a href="https://www.naijanews.com/2024/02/29/skitmaker-lord-lamba-reacts-as-bbnaijas-queen-gets-engaged-to-longtime-lover/"> Lord Lamba posted their daughter for the first time on social media</a> after his baby mama got engaged to longtime lover, David.</p> <p>Shortly after, the skitmaker earned several backslash from many Nigerians, who accused him of being jealous and attempting to ruin Queen’s happiness.</p> <p>In a public statement shared on his official Instagram page on Monday, Lamba said he never wanted his child’s face to be on social media to protect her from trolls.</p> <p>According to him, he has the right to protect his child as a father while refuting claims of being a deadbeat father.</p> <p>He added that if he had never wanted to claim the child, he would not have been at her birthday party or taken her on play dates.</p> <p>The post <a href="https://www.naijanews.com/2024/03/18/bbnaija-queen-i-deleted-skit-video-mocking-lord-lamba-for-a-reason-nasty-blaq/">BBNaija Queen: I Deleted Skit Video Mocking Lord Lamba For A Reason – Nasty Blaq</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>

mingooland · · 2 min read
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