LAGOS—LEADING cement manufacturer, Dangote Cement Plc, weekend, announced drastic reduction of the prices of its cement.
The new price regime announced by the Group Managing Director/Chief Executive Officer, GMD/CEO, of Dangote Cement, Mr. Devakumar Edwin, pegged the Dangote 32.5 cement grade at N1,000 per 50 kg bag, while the higher 42.5 grade would sell for N1,150 per bag.

A statement by the company at the end of a management meeting said, however, that the new prices were exclusive of the Value Added Tax, VAT, representing about 40 per cent discount on the prevailing market price of the product currently sold for N1,700 irrespective of the grade, across the country.


Edwin said the move was in line with the company’s commitment to the nation’s dire need for the development of infrastructure and to boost the federal and state government’s ongoing effort to reduce the near 20 million housing deficit in Africa’s largest economy.

He said, “we recognize the need for an increased rapid 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 control as part of our contribution to the transformation agenda of the Goodluck Jonathan administration and the attainment of key milestones in the Millennium Development Goals, MDGs.

“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 rose from less than three million metric tonnes per annum to about 38 million metric tonnes per annum. During the more than 12-year period of the backward integration policy, nearly $20 billion has been directly and indirectly injected into the Nigerian cement industry with Dangote Cement Plc accounting for 60 per cent of that spend.”

The GMD/CEO added that Dangote Cement Plc would continue to ensure alignment of its corporate social responsibility with its strategic business initiatives and will continue to evaluate its pricing regime in Nigeria’s best interest.

Meanwhile, the timing of the initiative has confounded industry watchers, who say that from experience, the cement market is on the verge of entering the accelerated demand phase as the raining season is tapering and the dry season which provides the opportunity for increased construction and building activities is setting in.

Curled from Vanguard Nigeria:http:///2Q2yf0

I hope all will be well with this Nation someday, price of cement was increase from the same Dangote saying it was due to exchange rate, but as we all know the exchange rate still remain what it is. I wait to see Dangote Cement Yearly Financial Report.

Chekitaut:
I hope all will be well with this Nation someday, price of cement was increase from the same Dangote saying it was due to exchange rate, but as we all know the exchange rate still remain what it is. I wait to see Dangote Cement Yearly Financial Report.

am yet to get confirmation from cement dealers . am sure you are in a better position to confirm if this a true or not since you deal on properties and accessories

Chekitaut:
I hope all will be well with this Nation someday, price of cement was increase from the same Dangote saying it was due to exchange rate, but as we all know the exchange rate still remain what it is. I wait to see Dangote Cement Yearly Financial Report.

please confirm and place order for 300 for me if this is the case.

aguiyi:


am yet to get confirmation from cement dealers . am sure you are in a better position to confirm if this a true or not since you deal on properties and accessories

Is confirmed true...neverdless minimium price is going to be 1300-1400 range. I wait my personal best brand LAFARGE to com wt her price.

Finally dealer now sell Dangote cement for 1280 for the ATC(loading order). end user 1400 to site.

so why the lies, that's a 12% price slash and not 40% as announced

Great news.

Chekitaut:
Finally dealer now sell Dangote cement for 1380 for the ATC(loading order). end user 1500 to site.

I have just called and my supplier says 1380ipaja to 1400ajah to site. Chekitaut ewo se oh.

Gabbytabby, please help with your supplier's number at Ipaja.

BayoJoe:
Gabbytabby, please help with your supplier's number at Ipaja.

It is twins faja nig Ltd. 08033581338 it is their ikotun branch.

gabbytabby:


I have just called and my supplier says 1380ipaja to 1400ajah to site. Chekitaut ewo se oh.

Ma'am that is the price for ATC is 1280 alone...confirm

gabbytabby:
It is twins faja nig Ltd. 08033581338 it is their ikotun branch.

I was given Dangote cement @ 1400 per bag to site (if buying 300) but I bought Lafarge ( aka elephant cement which is my preference since my place is water logged) @ 1350 to the site.

not bad

KDK:

I was given Dangote cement @ 1400 per bag to site (if buying 300) but I bought Lafarge ( aka elephant cement which is my preference since my place is water logged) @ 1350 to the site.

KDK:

I was given Dangote cement @ 1400 per bag to site (if buying 300) but I bought Lafarge ( aka elephant cement which is my preference since my place is water logged) @ 1350 to the site.

Please give me your supplier's contacts.

Thanks.

Cool:


Please give me your supplier's contacts.

Thanks.

follow me back. I can't post his number on a public forum without his consent but I can send it to you privately.