Dangote Cement Plc has announced a 41% reduction in the prices of cement, with the different grades now selling for between N1,000 and N1,150, exclusive of Value Added Tax. Now, 50kg of the 32.5 cement grade sells for N1,000, while the higher 42.5 grade will go for N1,150 per bag instead of the current N1,700 that both grades were sold for.
The new price structure was announced by the Group MD, Dangote Cement, Mr. Devakumar Edwin, who said
โWe 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.โ
