Dangote Slashes Cement Price To N1000

Posted by African Examiner Business News, Latest Headlines Monday, November 3rd, 2014

Oyewale Oyelola

The largest cement producer in Nigeria, Dangote Cement Plc has reduced the price of cement a 50kg bag of the 32.5/42.5 cement grade from N1,750 to N1,000.

The Group Managing Director, Dangote Cement, Mr. Devakumar Edwin announced the price regime in a statement made available to AFRICAN EXAMINER on Sunday.

According to Edwin, Dangote cement reduced prices of cement by 41 per cent, adding the different grades of the cement now selling for between N1,000 and N1,150, exclusive of Value Added Tax.

He said new price regime aim to boost development of infrastructure and reduce the near 20 million housing deficit in Nigeria.

Edwin said, “We recognize the need for a dramatic increase in the response to the huge infrastructure and housing deficit in the country, and one of the ways of addressing the issue is bringing the price of building materials down to much more affordable levels, especially cement, which is within our own control as part of our contribution to the transformation agenda of the President Goodluck Jonathan administration and the attainment of key milestones in the Millennium Development Goals”.

Dangote cement Boss added the company inaugurated its brand of the premium 32.5 grade restricted to plastering use only, in compliance with the directive of the Standards Organisation of Nigeria on the various grades of cement.

He noted that the move was to develop a full bouquet of cement types to meet the varying needs of consumers for the different purposes.

According to the statement, the 42.5 grade for column casting, block making, decking and other general purpose construction works that require high strength, while the 32.5 grade is for rendering or plastering and the company produces on demand the 52.5 grade for specialised construction of high strength structures such as bridges, flyovers and sky scrapers, among others.