Dangote slashes cement price by 40% discount

In a move that will raise the stakes in the rapidly evolving Nigerian cement market, leading cement manufacturer, Dangote Ce­ment Plc, has announced huge cuts in the price of the essential product.

The new price regime an­nounced by the Group Manag­ing Director 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 is to sell for N1,150 per bag.

The new prices exclusive of the Value Added Tax (VAT), represents about 40 per cent dis­count on the prevailing market price of the product which is currently sold for N1,700 irre­spective of the grade, across the country…