Nigeria: Dangote substantially lowers cement price

Nigeria: Dangote substantially lowers cement price
Published: 05 July 2011

Dangote Cement Plc has announced a significant reduction in the factory price of its product to NGN1350/bag (US$8.80).

While briefing cement distributors on Friday, the company’s executive director in charge of sales and marketing, Mr Ekanem Etim, said the reduction was in line with the company’s declared policy to make cement affordable to Nigerians as it expands its local capacity in the country.

Etim also informed the distributors at the meeting that the country will be self-sufficient in cement production this year, especially with the commissioning of 6Mta Ibeshe plant before the end of the year.

Reacting to the significant price reduction by the Dangote Group, executive secretary of the Cement Manufacturers Association of Nigeria (CMAN), Mr  James Salako, said the group has done so well by bringing its prices down for the benefit of the masses in line with the objectives of CMAN.

While assuring Nigerians that the country will soon become self-sufficient in cement production and even commence exportation of the product to other African countries, he assured that the price of the product will further decrease.