Monday 3 November 2014

Dangote reduces cement price to N1,000 a bag

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.

Credit: Punch News

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