November 4, 2014 – Management of Dangote Cement said it has reduced the price of cement from N1, 700 to N1,000 per 50 kilogram bag.
Group Managing Director of Dangote Cement, Mr. Devakumar Edwin who made the revelation explained that the Company now sells the Dangote 32.5 cement grade at N1,000 per 50 kg bag, while the higher 42.5 grade now sells for N1,150 per bag.
He said the initiative is in line with the company’s commitment to the nation’s dire need for the development of infrastructure and to boost the federal and state government’s ongoing effort to reduce the near 20 million housing deficit in Africa’s largest economy.
“We recognize the need for an increased rapid 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 within our own control as part of our own contribution to the transformation agenda of the Goodluck Jonathan administration and the attainment of key milestones in the Millennium Development Goals (MDGs),” he said.
He said that Dangote Cement will continue to align its corporate social responsibility with its strategic business initiatives, which he said will continue to evaluate its pricing regime in Nigeria’s best interest.
