Dangote Cement Plc has announced a 41 per cent
reduction in the prices of cement, with the
different grades of the essential commodity now
selling for between N1,000 and N1,150, exclusive of
Value Added Tax.
In the new price regime announced on Sunday by
the Group Managing Director, Dangote Cement,
Mr. Devakumar Edwin, a 50kg bag of the 32.5
cement grade will now sell for N1,000, while the
higher 42.5 grade is to sell for N1,150 per bag
instead of the current N1,700 that both grades
were going for.
Edwin said in a statement that the move was in line
with the company’s commitment to the nation,
especially the need for the development of
infrastructure and boost ongoing efforts to reduce
the near 20 million housing deficit in Africa’s
largest economy.
“We recognise 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,”
he was quoted as saying.
Since the commencement of the implementation of
the backward integration policy for cement in the
country over 12 years ago, the local production
capacity of the product had risen from less than
two million metric tonnes per annum to about 38
million metric tonnes per annum currently.
During the period, over $20bn has been directly
and indirectly injected into the Nigerian cement
industry with Dangote Cement Plc accounting for
60 per cent of that expenditure.
Edwin also said that Dangote Cement would
continue to ensure the alignment of its corporate
social responsibility with its strategic business
initiatives, and would continue to evaluate its
pricing regime in the country’s best interest.
According to the statement, stakeholders have
commended the price reduction and say the
cement market is entering the high demand phase
as the dry season, which provides the opportunity
for increased construction and building activities, is
setting in.
In compliance with the directive of the Standards
Organisation of Nigeria on the various grades of
cement and their prescribed uses, Dangote Cement
recently inaugurated its brand of the premium 32.5
grade, which has been restricted to plastering use
only.
The largest cement producer in Nigeria noted that
the move was to develop a full bouquet of cement
types to meet the varying needs of consumers for
the different purposes.
The company produces 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.
The company also produces on demand the 52.5
grade for specialised construction of high strength
structures such as bridges, flyovers and sky
scrapers, among others.
Dangote Cement said in compliance with the SON
standard for cement quality and packaging, the
lower 32.5 grade would be clearly labelled in order
to minimise the incidence of building collapse
arising from the misapplication of the different
grades of cement.
www.punchng.com/business/homes-property/dangote-reduces-cement-price-to-n1000/

Good news.

I gotta finish that building come next years..

May God bless Dangote and I pray 4 his bussinesses to continue in progress.
With this good news, there is hope dat i must complete d building next year.

He can do better #justsaying

It a lie, he is simply responding to changes in demand a business man always has a motive behind every move.

You sure say this one no be politics gimmick ba? after election if your man enter u go come increase your price
God dey oooo