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.
