Business
Dangote Cement Price Slash Receives Kudos In PH
Dangote cement Plc has announced a new slash in the prices of the various grades of its product.
As expected, reactions are trailing the action of the company by dealers and consumers of the commodity in Port Harcourt and its environs.
At the Mile three building materials market in Diobu, Port Harcourt, a cross section of dealers who spoke to our correspondent welcomed the development but said they were faced with the challenge of selling off old stock.
According to Emeka Onyeoma, who claimed to have been in the cement business for more than twenty years, the entrance of Dangote group into the industry was a good omen.
He explained that before Dangote delved into cement production, no producer toyed with the idea of price reduction, even as he said the action would positively affect development at the building sector.
Another dealer who would not want his name on print while expressing appreciation to the Dangote group appealed to the company to still maintain the quality of its products despite the reduction in price.
For Pastor Miller Mbiakpa from Odi in Bayelsa State, the move by Dangote “is a welcome development”.
Mbiakpa whose house according to him was destroyed during the military invasion of the Community said the development would help him in his efforts toward rebuilding his house.
According to him, anyone who works to sabotage such effort by the company “is an enemy of progress”.
In his reaction, according to reports the National President of the Block Moulders Association of Nigeria, Alhaji Rasidi Adebowale said he received the news with happiness.
Considering what the price reduction holds for his members he expressed optimism that the new price review would translate to reduction in the price of blocks.
Also, President, Nigerian Institute of Architects, Bruno Niyi was reported to have hailed the decision by Dangote Cement Plc even as he urged the management of the company to sustain the new price regime and ensure that it was not hijacked by profiteers in the industry.
By the company’s actions, the new price regime that was announced by the Group Managing Director of Dangote Cement Plc, Devakumar Edwin would see the company sell its 32.5 cement grade at N1000 per 5- kilogram (kg) bag, while the higher 42.5 grade would sell for N1,150 per bag.
The new prices, exclusive of Value Added Tax (VAT), represent about 40 per cent discount.
on the prevailing market price of the product which is currently sold for N1700 irrespective of the grade, across the country.
Edwin was further reported to have said that the move was in line with the company’s commitment to the nation’s dire need for the development of infrastructure and to boost the federal and state government’s ongoing efforts to reducing the near 20 million housing deficit in the continent’s largest economy.
The Tide further gathered that industry watchers have been over whelmed by the move.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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