Dangote Cement Clarifies Nigerian Cement Prices

Dangote Cement Plc has addressed recent misinformation regarding cement prices in Nigeria, asserting that the country’s cement prices are either on par with or lower than those across the West African coast.

The company stated that a bag of cement from its Nigerian factories is priced at N4,010 in Okpella and N4,640 in Ibese, Obajana, and Gboko as of August 28, 2023. With transportation costs and location considerations, prices could range between N5,000 to N5,300 per bag.

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Dangote Cement emphasized the importance of distinguishing its ex-factory prices from retail prices in the market. The group managing director, Mr. Arvind Pathak, highlighted that cement prices in the Republic of Benin, a neighboring country, range from N4,997 to N6,435 per bag at the current exchange rate.

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Pathak underscored Dangote Cement’s commitment to innovation, quality products, and customer service, aiming to create an inclusive and sustainable business for all stakeholders across the value chain. This clarification aims to provide accurate information regarding cement pricing in Nigeria and neighboring regions.

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