In line with the transformational agenda of the federal government of Nigeria, the Dangote group has reduced the prize if its cement inorder to enhance easy building construction across the the nation. The Dangote cement now cost only a thousand naira for 50kg. However the slash of the cement prize by Dangote is said to have cut up 40% of discount in the cement prize which was currently 1,700 per grade. The slash of the cement prize according to the leadership newspaper is to enable the company raise its stake in the cement market.
The managing director of Dangote cement Mr. Edwin Devankumar said that the company had mend the prize of the 32.5 cement grade to sell for 1,000 naira while the 42.5 grade will sell for 1,150 naira a bag.
The managing director of Dangote cements stated that the reduction of the price is to complement the effort of the government in infrastructural development and also to reduce the 20 million housing deficit.
"We recognize the need for a dramatic
response to the huge infrastructure and housing deficit in the country, and one of the ways of adjusting to the issue us breaking the prize of the building material to much more affordable prize especially the cement which is within our own control as part of our own contributions to the Goodluck Johnathan administration, and the attaientment of key milestone in the millennium development goals.
The prize if cement has drastically reduce as that of the year 2005. For 12 years now, the local cement industry has risen from over 2 million metric tones per annum to 32 million metric tones per annum.
The dangote cement which had long existed in the country for many years engage in the production, research, and the distribution of cement and other related products. The Dangote group occupies a vital position on the Nigeria stock exchange. The have widen their operation across boarders as the operate in many known countries in Africa and beyond.
The managing director of Dangote cement Mr. Edwin Devankumar said that the company had mend the prize of the 32.5 cement grade to sell for 1,000 naira while the 42.5 grade will sell for 1,150 naira a bag.
The managing director of Dangote cements stated that the reduction of the price is to complement the effort of the government in infrastructural development and also to reduce the 20 million housing deficit.
"We recognize the need for a dramatic
response to the huge infrastructure and housing deficit in the country, and one of the ways of adjusting to the issue us breaking the prize of the building material to much more affordable prize especially the cement which is within our own control as part of our own contributions to the Goodluck Johnathan administration, and the attaientment of key milestone in the millennium development goals.
The prize if cement has drastically reduce as that of the year 2005. For 12 years now, the local cement industry has risen from over 2 million metric tones per annum to 32 million metric tones per annum.
The dangote cement which had long existed in the country for many years engage in the production, research, and the distribution of cement and other related products. The Dangote group occupies a vital position on the Nigeria stock exchange. The have widen their operation across boarders as the operate in many known countries in Africa and beyond.
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