₦airaland Forum

Dangote reduces cement price to N1,000

"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.


Comrade Ifeduba ThanKGod T ( Aguiyi na Ozubulu,Anambra)
08094646643

We are no fool any or in this country anymore . Ever since obajana complex came on line the price ought to have gone but no. The politician from the head to tail add to collide with dangote to share the proceeds from each bag of cement. I like dangote but he is taking this country for a ride.

Nice move

Sall:
We are no fool any or in this country anymore . Ever since obajana complex came on line the price ought to have gone but no. The politician from the head to tail add to collide with dangote to share the proceeds from each bag of cement. I like dangote but he is taking this country for a ride.

i no understand you o

This will improve the quality of cement use in construction of various buildings.

Nobody who is unbiased will deny the fact that Jonathan is doing few things here and there and thereby improving the country gradually unlike Baba-No-Regret that wasted 8 years of Nigeria's history. However, we cannot continue to move at this snail's speed, if the Europe, America, India and China are moving at the pace Jonathan is moving Nigeria, then the world would probably still be living in mud huts and using leaves to cover our unclothedness. Jonathan is too slow to move this country to where it belongs besides the fact that Jonathan is stealing too much money but telling us that stealing is not corruption, hence he is admitting that he is stealing but he is not corrupt. It seems I need a new Ijaw Dictionary.

Sall:
We are no fool any or in this country anymore . Ever since obajana complex came on line the price ought to have gone but no. The politician from the head to tail add to collide with dangote to share the proceeds from each bag of cement. I like dangote but he is taking this country for a ride.

kindly explain urself please

gej till 2019 is all i know.

buhari can go and die

This is a welcome development. Gej is working

and wats dis thread waiting for here?

good new supposed to make FP nw


but if is isues surrounding those useless celeb nw it will make front page


mtcheeeeeeeeeeeewwwww

Na today price of cement dey fluctuate?
We all knw it's the gimmick used by dangotte to bankrupt other competitors so as to monopolise the sector as alwys..

After they don close up due to lack of demand for there own product, the prices shoot up again..

Na today?

Na today we dey here all this kind thing? Mtcheew!









Next!!

Is this for real? What then would be the retail price?

SLIDEwaxie:
Na today price of cement dey fluctuate?
We all knw it's the gimmick used by dangotte to bankrupt other competitors so as to monopolise the sector as alwys..

After they don close up due to lack of demand for there own product, the prices shoot up again..

Na today?

You have a point.