Urgent Open Letter to President Bola Tinubu: Breaking the Cement Monopoly for Nigeria’s Prosperity

Kexter E.A Donald Jr.
(Email: Kexddy@gmail.com)

Dear President Bola Tinubu,

I hope this letter finds you in good health and high spirits. I write to you today with a sense of urgency and conviction about a matter of critical importance for the economic well-being of our beloved Nigeria.

In the heart of our nation, a pressing issue demands our immediate attention – the cement production monopoly that has come to define the industry. Dangote Cement, Lafarge Africa, BUA Cement, and Cement Company of Northern Nigeria (CCNN) stand as the primary drivers, wielding immense influence over pricing and supply. This situation, Mr. President, stifles competition, limits choices for consumers, and leads to inflated costs that ripple through various sectors of our economy.

The consequences of this cement monopoly are far-reaching, with perhaps none more evident than the burden it places on the housing market. Rent costs continue to skyrocket, leaving many Nigerians struggling to afford decent, safe housing. This is not just an economic issue, but a matter of social justice and equitable access to a basic human need.

However, what further compounds this crisis is the concerted effort by the dominant players to stifle any potential competition. They employ their influence to impede the issuance of licenses to new entrants in the cement industry. This predatory behaviour undermines innovation and stifles the entrepreneurial spirit of Nigerians who seek to contribute to the nation’s economic growth.

Mr. President, we are at a critical juncture where the need for action is paramount. I implore you to consider the profound impact that breaking this cement monopoly could have on Nigeria’s economic landscape. By issuing licenses to new entrants, we not only foster healthy competition but also empower a new generation of entrepreneurs to contribute meaningfully to our nation’s growth.

This is not just an economic matter, but a call for justice and fairness. It is about providing every Nigerian with a fair chance to thrive and contribute to our great nation’s prosperity. It is about dismantling a system that prioritizes profit margins over the well-being of our people.

I believe, Mr. President, that with your leadership and vision, we have the opportunity to bring about transformative change in this crucial aspect of our economy. Together, let us pave the way for a future where every Nigerian can build their dreams without the weight of economic oppression.

I humbly urge you, Mr. President, to take this matter into consideration and use your esteemed office to initiate the necessary steps towards dismantling the cement monopoly in Nigeria.

Thank you for your time and consideration.

Warm regards,

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By osibanews

Eliel Otote A is an Actor and Filmmaker, with a bias for journalism. He was a freelance feature writer with the Nigerian Observer in the 80's in Benin City, he also presented programmes on both radio and television. Eliel is the Editor and Publisher of OSIBAnews Network Magazine, of which this blog is an affiliate.

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