Nigeria: Dangote Cement reduces prices by NGN6000/t

Dangote Cement announced that it will lower the price of its 3X cement by NGN300/50kg bag or NGN6000/t.

Onne van der Weijde, Dangote’s director general, has indicated that the company’s cost reduction strategy has started to bear fruit, enabling Dangote to achieve attractive margins and reduce the prices. Mr Van der Weijde added:  "We hope this new pricing strategy will support the naira, by reducing unnecessary imports and by creating currency value through the income to be generated from the export of competitive cement to neighboring countries.”