Dangote Cement Plc has issued a clarification regarding the price of its cement products across Nigeria.
The company stated that as of August 28, 2023, the price of a bag of cement from its factories was N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko. However, it pointed out that the actual price, including transportation costs and delivery location, could range from N5,000 to N5,300 per bag.
The clarification comes in response to misinformation suggesting that Dangote Cement sold its products in Nigeria at significantly higher prices compared to other countries, especially the Republic of Benin and neighboring nations.
Dangote Cement’s Group Managing Director, Mr. Arvind Pathak, emphasized the need to differentiate between the company’s ex-factory prices and the prices set by retailers in the market. He noted that in Cotonou, the commercial capital of the Republic of Benin, cement is sold for prices equivalent to around N4,997 to N6,435 per bag.
Pathak highlighted that Dangote Cement is committed to delivering quality products at competitive prices, even in the face of the current inflationary environment. He emphasized the company’s dedication to innovation in order to provide quality products and excellent customer service to its customers across Africa.
Furthermore, Pathak reaffirmed Dangote Cement’s commitment to building an inclusive and sustainable business that benefits all stakeholders throughout the value chain.
