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Dangote Cement Price Slash Receives Kudos In PH

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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.

Acting Branch Controller, CBN, Mr Emmanuel Etuk (left) who represented Mr Ndubisi Jude Ekioebelen, Port Harcourt Branch Controller, chatting with Corporate Communication Manager, Mr Obinali Okoli (right, during a workshop on Financial Inclusion in  Port Harcourt , recently. Photo: Chris Monyanaga

Acting Branch Controller, CBN, Mr Emmanuel Etuk (left) who represented Mr Ndubisi Jude Ekioebelen, Port Harcourt Branch Controller, chatting with Corporate Communication Manager, Mr Obinali Okoli (right, during a workshop on Financial Inclusion in Port Harcourt , recently. Photo: Chris Monyanaga

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TTP Trains Customs Agents, Freight Forwarders On Eto App 

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In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.

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NECA Holds MSME Fair To Drive Growth 

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Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.

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Over 2m Passengers Board Blue Rail Train – Commissioner 

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The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.

Nkpemenyie Mcdominic, Lagos

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