Outrage on Social Media Over Dangote Cement Pricing Disparity.
Nigerian social media has become a platform for expressing strong dissatisfaction with billionaire Aliko Dangote over allegations of a significant pricing disparity in his cement products. The outrage stems from accusations that Dangote’s cement is being sold at a higher price in Nigeria compared to its price in Benin Republic.
The controversy erupted after a Twitter user, @drpenking, brought attention to the alleged pricing discrepancy. He highlighted that Dangote’s cement is produced within Nigeria using locally sourced raw materials and nearly no import costs. However, the price tag for the same product stands at N5,200 in Nigeria while being sold for N1,500 in Seme, Benin Republic.
The tweet raised pertinent questions about the fairness of such a pricing structure and prompted calls for Dangote to provide an explanation for the significant variation.
This wave of criticism follows previous concerns about Dangote’s employment practices. Weeks prior, there were reports that Dangote employed thousands of Indian workers in his oil refinery project while not offering similar opportunities to Nigerian citizens.
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Nigerians on social media expressed their disappointment and frustration with the billionaire’s perceived actions, labeling him as greedy and monopolistic. The pricing controversy has fueled a broader conversation about economic inequality and corporate responsibility within the country.
As discussions on social media continue to unfold, it remains to be seen how Aliko Dangote and his conglomerate will respond to the growing criticism and demands for transparency regarding his business practices.
See reactions below;
omoba_ofafrica: It’s high time Nigerians realize that people like Dangote are a very big problem to us than we can ever imagine.. Dangote is bleeding Nigerians and growing fat at our expense.. The investigation at CBN has shown how the former cbn governor has been selling billions of dollars to Dangote at a price way lower than the official rate, this is terrible.. It’s time Nigerian stand up to exploiters and BOYSCOTT ALL DANGOTE PRODUCTS.
_flexnelson_: If you look well we are our own problem.
georgina_chigozie_onuoha2: I have no respect for men like Dangote. They monopolize the economy and country because of their proximity to power. Sadly, ignorant people will celebrate them as billionaires.. forgetting that the field is rigged against ordinary Nigerians who should be equal competitors in the market. Zero respect for the so called “ Billionaires “ in Nigeria. Until we beginning to ask poignant questions like this person did, we will continue to celebrate greedy billionaires who are equally the architects of the pain Nigerians are experiencing. I love capitalism but vulture capitalism built on greed is the killer of innovation and growth.
bigkelvin_joseph: Very greedy man .
samklef: Monopoly boy.
endylight1: Nigeria is one of the toughest countries to live in. You won’t know until you have taste of other places . If the government want the masses to get relief they know what to do. Will they ?
mikengr1: Dangote is the major person actually holding Nigeria to ransom. Just imagine! He benefits from the Nigeria system failure, the day this start working normally in Nigeria like a sane country just as it is in Europe, Dangote will go broke.
endylight1: The unexposed part of the story is that The raw materials are gotten in Kogi State, the industry is in Kogi state , everything is produced in Kogi (Obajana to be precised ) . But Cement is costlier in Kogi than in the Core North (Like Kano kaduna and other Northern States)..
cashmere104: He’s one of our biggest problem…Richest man in Africa kor, philanthropist ni