Nigeria's cement manufacturers and top economists have chided the Ibeto Cement Company over its resolve to continue to import cement into the country despite the capacity of Nigerian manufacturers to meet local demand.
Rubbish! This is the effect of free market economics which Dangote, etc
should have factored into their business models rather than using politics
to secure monopoly. There may be a plant shut down but the bigger picture
will show jobs being shifted to the importers. Are you saying the importers
are made up of only 5 people? Please give us credible and holistic analysis
rather than trying to deceive people with your fruitless lamentations.
There is need for independent critical analysis; importers and local
manufacturers would only speak what interest them. Nigerians can not
continue to be held in the prison of monopoly, the free market forces
should rule where consumers freedom is guaranteed. A situation where high
cost of energy and infrastructure is blamed for exhorbitantly high cost of
locally manufactured cement compared to what is imported should have been
factored right from inception of manufacturing. Local manufacturers should
rather work to achieve competitive production cost rather than giving a
shout to stop inportation. Will cement be the only goods Nigerians will
stop importing? Go to the drawing board.
Nigeria: Cement War - Dangote, WAPCO Hit Back At Ibeto
Leadership (Abuja), 3 January 2013
Nigeria's cement manufacturers and top economists have chided the Ibeto Cement Company over its resolve to continue to import cement into the country despite the capacity of Nigerian manufacturers to meet local demand.
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Rubbish! This is the effect of free market economics which Dangote, etc should have factored into their business models rather than using politics to secure monopoly. There may be a plant shut down but the bigger picture will show jobs being shifted to the importers. Are you saying the importers are made up of only 5 people? Please give us credible and holistic analysis rather than trying to deceive people with your fruitless lamentations.
There is need for independent critical analysis; importers and local manufacturers would only speak what interest them. Nigerians can not continue to be held in the prison of monopoly, the free market forces should rule where consumers freedom is guaranteed. A situation where high cost of energy and infrastructure is blamed for exhorbitantly high cost of locally manufactured cement compared to what is imported should have been factored right from inception of manufacturing. Local manufacturers should rather work to achieve competitive production cost rather than giving a shout to stop inportation. Will cement be the only goods Nigerians will stop importing? Go to the drawing board.