Dangote Group reduces cement price fromN1700 to N1000

For those of you who the price of cement has
been stopping you from building, Dangote
Cement Plc has announced a 41% reduction in
the prices of cement, with the different grades
now selling for between N1,000 and N1,150,
exclusive of Value Added Tax. Now, 50kg of
the 32.5 cement grade sells for N1,000, while
the higher 42.5 grade will go for N1,150 per
bag instead of the current N1,700 that both
grades were sold for.
The new price structure was announced by the
Group MD, Dangote Cement, Mr. Devakumar
Edwin, who said
“We recognise the need for a dramatic
increase in the 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 is within our
own control as part of our contribution to the
transformation agenda of the President
Goodluck Jonathan administration and the
attainment of key milestones in the
Millennium Development Goals.”