Dangote Cement clarifies price misinformation, says price lower in Nigeria
The management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories across Nigeria as of yesterday, August 28, 2023 is N4,010 in Okpella and N4,640 in Ibese, Obajana, and Gboko.
According to the company, the price includes transportation costs and the location of delivery, prices could range between N5,000 to N5,300 per bag.
The cement producer in a statement said, the clarification was made in view of recent misinformation that the company sells cement in Nigeria at significantly higher prices relative to other countries, particularly the Republic of Benin, and other neighbouring countries.
Dangote Cement’s Group Managing Director, Mr Arvind Pathak, advised that it is important to distinguish Dangote Cement’s ex-factory prices from prices at which retailers sell cement in the market.
Our check in Cotonou, the commercial capital of the Republic of Benin indicated that cement sells between CFA 3,495 and CFA 4,500, which at the current exchange rate of CFA 1: N1.43 is between N4,997 to N 6,435 per bag.
Pathak said that Dangote Cement is focused on delivering quality cement at the best price possible, despite the current inflationary environment.
According to him, “We continue to innovate new ways to deliver quality products to millions of our customers across Africa, while providing top-notch customer services. At Dangote Cement, we are committed to building an inclusive and sustainable business for all stakeholders across the value chain”.
