The leadership of Dangote Cement Plc, a subsidiary of the Dangote Group, affirmed that their cement prices in Nigeria consistently remain the most competitive when compared to the same product’s cost in other nations.
This statement was made to address speculations about a potential price hike in Nigeria, the very home country of the product.
Speaking to newsmen, Mr. Arvind Pathak, Dangote Cement’s Group Managing Director, explained that the wholesale price of cement as at August 28, 2023 still remains N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko, adding that the price could slightly increase to N5,000 and N5,300, including transportation and delivery cost, respectively in the nearest future.
Nevertheless, Nigeria would still be enjoying the lowest price of sale.
However, he emphasized that the public should be aware of the difference between the company’s pricing and the varying prices set by retailers in the market.
He said; “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: NGN 1.43 is between N4,997 to N 6,435 per bag.,”
Pathak further assured that Dangote is committed to producing and selling nothing less than quality to its customers, as the continue to diversify strategies.
“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”.
‘Dangote Cement Plc is focusing on an ‘export to import’ strategy in West and Central Africa. Nigeria has a relative abundance of quality limestone especially in key southern regions near to demand centers and export facilities. Absence of limestone in much of West Africa and Central, especially coastal states, has led some of those countries to import bulk cement or its intermediate product, clinker, usually from outside of the African Continent.’