Most people never start with the bull run because it alway begins in times like this.
If the bull run was that predictable, most of us would have been well positioned and wouldn’t even need to return after the last bull run season.
We only always scramble to jump in after the first market pump of the bull run changes sentiments.
As more people continue to lament about the state of the market, I am even more sure about how close we are to the bull run.
Obasanjo’s story about Dangote isn’t just business history — it’s a lesson in how government policy decides who prospers and who struggles.
To make Dangote a local producer, Obasanjo changed the rules: import licences were tied to local factories, tax breaks were offered, and import bans imposed. The goal was to make production as profitable as importation. It worked — Nigeria now produces its own cement.
But production didn’t guarantee affordability. A 50 kg bag sells for ₦9,000–₦10,000 — roughly $6–$7. That’s not the highest in Africa, but for a country with this much capacity, it shouldn’t be this expensive. Even with a new ₦70,000 minimum wage, one bag still costs about one-seventh of a worker’s monthly income. That’s not progress — that’s inefficiency priced into policy.
Africa’s high cement prices come from high energy costs, poor infrastructure, weak currency, and limited competition. And we must ask: if import bans were lifted today, would it still be cheaper to import cement? If yes, the system remains inefficient. If no, then prove it with lower prices.
A true free market rewards efficiency, not proximity to power. Real reform means open competition — not state-protected monopolies that make citizens pay more.
#StepUpNaija #StructureBeforeSentiment #WhosResponsible
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@daylearny Can someone with no ancestral ties to a specific region be an indigene of such region? E.g. Does the bill support petitions for indigeneship while I'm not originally from FCT, Lagos, Kano, Rivers, Enugu, Bayelsa? So anyone can become indigene of any region at will after 10 years.
@Wizarab10 .@Wizarab10
Invest your 10m in StanbicIBTC Money Market and get an average of 170k-180k monthly return. No risk! After six months, take your profit and buy shares or landed property in your state. Do this for the next 5 years to build your investment portfolio. Ire oo
@Wizarab10 Invest your 10m in StanbicIBTC Money Market and get an average of 170k-180k monthly return. No risk! After six months, take your profit and buy shares or landed property in your state. Do this for the next 5 years to build your investment portfolio. Ire oo
PRESS RELEASE
Port-Harcourt Refinery Fully Operational
The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.
We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.
Preparation for the day’s loading operation is currently ongoing.
Members of the public are advised to discountenance such reports as they are the figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
21st December, 2024