NewStats: 3,265,068 , 8,185,530 topics. Date: Friday, 13 June 2025 at 10:59 AM 645t1e

Dangote Cement Plc has disclosed that fuel and power consumed by the company increased by 34.4% to N196.634 billion in 2021 from N146.342 billion in 2020.

The Group Chief Financial Officer, Dangote Cement, Mr. Guillaume Moyen who disclosed this at the company’s 13th AGM said the increase was as a result of volume growth and inflationary pressures on the costs.

What the company is saying
Moyen said, “In total, manufacturing costs increased by 25.8% to N551.0 billion from N437.9 billion in 2020 while fuel and power consumed increased by 34.4% to N196.6 billion from N146.342 billion and materials consumed increased by 30% to N175.4 billion from N134.91 billion.

“The increase in Nigeria’s manufacturing costs was mainly driven by energy costs due to increased production volumes and price increases for gas which is pegged to the US Dollar. The Nigerian naira depreciated from N401/1US$ at the end of 2020 to N424/1US$ at the end of 2021.

“Thanks to our continuous cost control efforts, total selling and istrative expenses only rose by 19.6% to N256 billion in 2021 mainly from higher haulage expenses which are driven by volume, AGO costs and other general istrative expenses. Inflationary pressure and the foreign currencies’ conversion to Naira is driving part of this increase.”

https://nairametrics.com/2022/06/15/dangote-cement-spent-n196-billion-on-fuel-and-power-in-2021-due-to-inflationary-pressure/

Four key areas need urgent attention and I think that the next President of Federal Republic of Nigeria should focus on;

>Security
>Electricity
>Agriculture
>Education & Health

Security: No where is safe anymore; church, mosque, farm, schools and gatherings. Therefore, this should be a top priority for any presidential candidate. Tell Nigerians the security mechanism you would like to put in place that would be better than what we have currently. What should be done differently.

With our current population of more than 200 million people and a projection of 400m people by 2050, no presidential candidate should have nothing less than 80,000MW of electricity Generation as a target with a subsequent increment plan. Nigeria has 209.5 trillion cubic feet of proven natural gas reserves as reported, hydro and sunlight to meet industrial demand. No electricity, economy collapses. Businesses can't function effectively. Relying on generators is not sustainable in a country with over 200m people.

Agriculture: Food, food and food for sustainable healthy life among Nigerians is very important. Food provides chemical energy/nutrient which enable one to grow and live healthy. Without food, people can't work or carry out daily activities. Currently, food in Nigeria is not sufficient. People are hungry. Farmers need to be safe in their farm. And security should be a top priority. Mechanized farming is key. There is arable land for agriculture. This should be harnessed effectively. Kaduna State alone can feed the whole country (Nigeria). Nigeria has 691234 sq. Km agricultural land in 2018, according to the World Bank Data.

Education: ASUU is on labour strike. What ASUU is demanding is less than N80bn. Quality education is key to sustainable development. Without education, forget the prosperity of any nation. My people are destroyed for lack of knowledge said the Holy Scripture.

A healthy people is a healthy nation. The health sector needs a revamp. 7 World class hospitals should be built in the 6 Geopolitical Zones and FCT. While State Governors should build 3 world class hospitals in each senatorial zone at the state level. This can be achieved in less than 6 months in office. Subsequent plan for advancement should be implemented. Healthcare service should be made affordable to the least person in the society. A good society should be able to cater for the least.

I write to appeal to the next President to look into the above. Nigerians have suffered a lot. Good economy and governance are not expensive. People prosper more in a good economy.

2023 Electioneering campaign shouldn't be insults or abuses but how to make Nigeria great. Stop insulting others.


Written by: Michael Yahaya.
Michael is an Energy Expert with interest in power generation for sustainable development, good governance and economy.

Nigeria and its Counterparts Comparison: Expedient Developmental Improvement.

Electricity is the life blood of a healthy nation. No nation can do without electricity. Businesses and other economic activities survive on electricity. South Africa, Nigeria, Egypt and Ghana are countries in Africa as a continent. I compared these countries with Nigeria, and why we should do more to improve on where we are with what we have which is abundant gas.

South Africa's electricity generation capacity is 58,095 megawatts (MW) with a population of 59.31 million people (World Bank 2020)

Nigeria's electricity generation capacity is 12,522MW if existing plants are functioning well but only dispatch 4,000MW with a population of 206.1 million people (World Bank 2020)

Egypt's electricity generation capacity is 59,063MW with a population of 102.3 million people (World Bank 2020).

Ghana's electricity generation capacity is 5,134MW with a population of 31.07 million people (World Bank 2020).

With over 200trillion cubic feet of proven gas reserves, Nigeria should be able to generate electricity that corresponds with her population. Without electricity, no economic activities. Promoting gas or diesel generators here thinking you are an expert to save cost in running a business, it wouldn't have been if there is constant electricity in Nigeria with over 80,000MW generation with reliable and efficient transmission systems. It is so unfortunate that conditionality has made us to pursue what shouldn't have been. Ideally, gas or diesel generators should be on standby for an emergency in case there is grid power interruption. If you can afford generators, what about over 90 million Nigerians without access to grid electricity as reported? Electricity for all remains the best option through generating plants and renewable sources of energy not diesel and gas generators. For sustainability and improvement of all sectors in Nigeria, an expedient action needs to be taken in the energy sector. This will help the manufacturing industry and ensure that over 90 million Nigerians have access to grid electricity. A society must take care of the least through sustainable development.

Written by: Michael Yahaya.
Michael is an Energy Expert with interest in power generation for sustainable development.

Mods, please push to FP. Thanks

The power sector is just moribund with the epileptic national grid collapsing every second. You can then imagine what small businesses go through.
APC must go.

Nigerians should discard the ideas of 'tell us what you will do to security, education, economy etc'

Am not saying is not good. But it does not work that way. Everybody will come and say whatever but at the end it is another story.

Let take example of BUHARI during CAMPAIGN they said a lot of good things but when they got there, we see different things.

Look at subsidy alone "General Buhari said nothing like subsidy but you know the story .

Look at Dollar " naira is pathetìc "

I will advise us not to make the same mistake on listening to what they tell us. Nobody will do miracle among these people.

Like them them

Don't believe any candidate that has structure to win election. They will continue where buhari STOP.

The next president will still borrow money!

The next president will increase taxes

And do more!

Including APC, PDP, L.P, NNPP AND OTHERS.


Let me add, how many youths are member of politic party. Who is not ready to be entice before doing anything

Which political party is Falz, Mr. Macaroni?

Omo some people get money

The major area that needs attention is the government. It needs to change and stop enriching Dangote deliberately at the cost of its citizens.

So, we should shout

He has the money..so no issues..

Our concern should be all the small and medium enterprises that have spent large percentage of their profit on power..just to be in business...and profit in most cases is zero! They can't even put meals on their tables...very sad situation!

He would gladly on the cost to the consumers.

Diesel is being speculated to reach 1500 naira per liter. With this announcement by Dangote, we can expect prices of commodities like cement, sugar, salt, tin tomatoes e.t.c. to go up in the next couple of weeks

The sweet don dy reach everyone.

This money could have been useful somewhere paying workers.
But it goes to lack of power supply.

Is unfortunately

Tulumbu for odua president

Hmm...

EdoBoy90:
https://nairametrics.com/2022/06/15/dangote-cement-spent-n196-billion-on-fuel-and-power-in-2021-due-to-inflationary-pressure/

What inflation, when Bubu has made N1 equal to $1 as promised by Thiefnuibu and APC people

He still made profit

The greedy tribe that foisted this disaster would never learn, they love power at all costs. What have they done with this power apart from looting?

We reject any Thief in 2023, make that thief the leader of your region.

I come in peace.

What's the complain for? Every cost is transferred to the consumer and they are struggling Nigerians. Whoever is deliberating to vote in another punishment of leadership will be committing an unforgivable sin against humanity and himself.

I do not understand the meaning of this post... U say

Sirheny007:
The power sector is just moribund with the epileptic national grid collapsing every second. You can then imagine what small businesses go through.
APC must go.

Have those who believed APC fake change promises repented, apologised and done restitution for all this suffering and poverty?

pendy79:
Lagos State Governor, Mr. Babatunde Fashola, on Sunday evening boasted that he could provide uninterrupted power supply to Lagos residents between six and eight months.

Fashola spoke at the commissioning of 8.5 megawatts Lekki Independent Power Project (IPP), the fifth of such power projects in the last five years in the state.

The governor said the addition of the Lekki IPP was a testament to the fact that stable power does not require rocket science to achieve in the country.

While challenging power distribution companies in the state, Fashola said, “Let the Eko DISCOs sign a contract with me, giving part of their concessioning to the state government, in about six to eight months, there will be power in all homes in Lagos State,” Fashola said.

He added, “So, let no one say that he has no money to deliver power for the entire country. This is the limit to which the law allows us to do, but we have done this to make a statement that power can be generated. So, when they come with lies that power is impossible, you can tell them that we have power here; we make it possible”.

The project, courtesy of the state government, in partnership with Heritage Bank, is to serve Lagos State Water Corporations in Lekki Phase 1, Oniru, Victoria Island and Ikoyi, as well as over 25km of public lightening in the Lekki axis.

Commissioning the project, Fashola said he felt fulfilled with the conduct of youths that delivered the project, despite the difficulties in getting to the finishing point.

He said it also showed that the money to improve the Nigerian economy is here, “since we don’t need the World Bank to come and do this for us.”

Also, General Manager, Lagos State Electricity Board, Damilola Ogunbiyi, said the state had shown that reliable and sustainable power projects are possible through the youths.

Ogunbiyi said though it had been a successful story, the state was just scratching the surface in its “aggressive development plan” in the area of power.

Promoter of the project, Faruk Agoro noted that the new IPP was an innovative idea of world-class natural gas-fired power generating facility, sold to the government by youths and it was bought into, to government institutions, especially in the area of water supply and security.

The Lekki IPP is 8.5 megawatts, with the capacity for 30 megawatts.

This brings the Lagos IPPS to a total of 47 megawatts of electricity in total, powering several public institutions around the state.

The generated megawatts is however still a far cry from the over 10, 000 megawatts power deficit in the state.

On his part, the State Commissioner in the Ministry of Energy and Mineral Resources, Taofeek Tijani, said the new addition was about continuity in public infrastructure programme of the state government

http://dailyindependentnig.com/2015/03/can-provide-stable-power-eight-months-fashola-boasts/

Being just OBIDIENT can solve all most all of Nigerian problems



Be OBIDIENT because we're OBIDIENT too

Just imagine how much is being spent on power alone? Why won't goods be costly? Some of us sef, if not for Oraimo power banks that we have our phones would have been on for days

McGg:
Being just OBIDIENT can solve all most all of Nigerian problems

Be OBIDIENT because we're OBIDIENT too

Obediently fraudulent for the next scam

It's sad that someone will read this and still decide to vote in the wrong person and people.

It's time to vote competence.

Vote Obi

Kk

michlins:
It's sad that someone will read this and still decide to vote in the wrong person and people.

It's time to vote competence.

Vote Obi

So that he can miserly share stomach infrastructure instead of facilitating mega factories for private sector to flourish?
Or what else is he doing in Labour Party

What of the profit made too. They'd not show us that one

anonimi:

Obediently fraudulent for the next scam

I don't have your time just be OBIDIENT

anonimi:


Obediently fraudulent for the next scam

Guy, all these propaganda no dey move market again, go tell that to the mountain ok?. A ti gbon ! It's Obi or nothing.

McGg:
I don't have your time just be OBIDIENT

Just as the fake fraudster, Obi does not have the time of Ekiti people but ran to Egypt to avoid another embarrassing failure like what would have happened to him in the PDP primaries if he did not step down for Atiku.

Eriokanmi:
Guy, all these propaganda no dey move market again, go tell that to the mountain ok?. A ti gbon ! It's Obi or nothing.

Please where is the propaganda about the news shared?